KNO3: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KNO3
Largest movements
- Deferred charges and accrued income +€50,392
up €50,392 (+1079.6%), from €4,668 to €55,059
- Cash -€33,926
down €33,926 (-100.0%), from €33,926 to €0
mainly Deferred charges and accrued income (-€50,392) and Tax, wage and social debts (-€11,734)
- Tangible fixed assets -€22,270
down €22,270 (-36.5%), from €61,002 to €38,732
of which Plant, machinery and equipment: -€15,580
- Receivables within one year -€8,023
down €8,023 (-15.2%), from €52,689 to €44,666
of which Trade receivables: -€46,869
- Short-term financial debts +€18,709
new in 2024: €18,709
- Tax, wage and social debts -€11,734
down €11,734 (-65.0%), from €18,065 to €6,331
of which Taxes: -€6,934
- Trade debts -€9,388
down €9,388 (-52.3%), from €17,940 to €8,552
- Current portion of long-term debt -€7,233
down €7,233 (-49.1%), from €14,726 to €7,493
- Reserves +€5,824
new in 2024: €5,824
- Gross operating margin +€24,612
up €24,612 (+125.2%), from €19,661 to €44,273
- Other operating charges +€9,941
up €9,941 (+501.3%), from €1,983 to €11,924
- Taxes +€3,234
up €3,234 (+434.8%), from €744 to €3,978
- Depreciation +€1,919
up €1,919 (+11.1%), from €17,255 to €19,174
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,285 | €140,458 | -€13,828 | -9.0% |
| Fixed assets | 21/28 | €61,002 | €38,732 | -€22,270 | -36.5% |
| Tangible fixed assets | 22/27 | €61,002 | €38,732 | -€22,270 | -36.5% |
| Plant, machinery and equipment | 23 | €40,431 | €24,851 | -€15,580 | -38.5% |
| Furniture and vehicles | 24 | €17,087 | €13,881 | -€3,206 | -18.8% |
| Other tangible fixed assets | 26 | €3,484 | €0 | -€3,484 | -100.0% |
| Current assets | 29/58 | €93,283 | €101,726 | +€8,443 | +9.1% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,689 | €44,666 | -€8,023 | -15.2% |
| Trade receivables | 40 | €52,504 | €5,634 | -€46,869 | -89.3% |
| Other amounts receivable | 41 | €186 | €39,032 | +€38,846 | +20895.1% |
| Cash at bank and in hand | 54/58 | €33,926 | €0 | -€33,926 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,668 | €55,059 | +€50,392 | +1079.6% |
| Total equity and liabilities | 10/49 | €154,285 | €140,458 | -€13,828 | -9.0% |
| Equity | 10/15 | €85,269 | €91,092 | +€5,824 | +6.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €5,824 | +€5,824 | |
| Distributable reserves | 133 | - | €5,824 | +€5,824 | |
| Profit (loss) carried forward | 14 | €80,269 | €80,269 | = | 0.0% |
| Amounts payable | 17/49 | €69,017 | €49,365 | -€19,651 | -28.5% |
| Amounts payable after more than one year | 17 | €5,067 | €1,258 | -€3,810 | -75.2% |
| Financial debts | 170/4 | €5,067 | €1,258 | -€3,810 | -75.2% |
| Amounts payable within one year | 42/48 | €62,311 | €48,084 | -€14,226 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €14,726 | €7,493 | -€7,233 | -49.1% |
| Financial debts | 43 | - | €18,709 | +€18,709 | |
| Credit institutions | 430/8 | - | €18,709 | +€18,709 | |
| Trade debts | 44 | €17,940 | €8,552 | -€9,388 | -52.3% |
| Suppliers | 440/4 | €17,940 | €8,552 | -€9,388 | -52.3% |
| Taxes, remuneration and social security | 45 | €18,065 | €6,331 | -€11,734 | -65.0% |
| Taxes | 450/3 | €13,265 | €6,331 | -€6,934 | -52.3% |
| Remuneration and social security | 454/9 | €4,800 | €0 | -€4,800 | -100.0% |
| Other amounts payable | 47/48 | €11,579 | €6,999 | -€4,580 | -39.6% |
| Accrued charges and deferred income | 492/3 | €1,639 | €23 | -€1,615 | -98.6% |
| Non-recurring operating income | 76A | €2,982 | €0 | -€2,982 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,255 | €19,174 | +€1,919 | +11.1% |
| Other operating charges | 640/8 | €1,983 | €11,924 | +€9,941 | +501.3% |
| Non-recurring operating charges | 66A | €929 | €0 | -€929 | -100.0% |
| Gross operating margin | 9900 | €19,661 | €44,273 | +€24,612 | +125.2% |
| Operating profit (loss) | 9901 | -€506 | €13,175 | +€13,681 | |
| Financial income | 75/76B | €144 | €296 | +€152 | +105.8% |
| Recurring financial income | 75 | €144 | €296 | +€152 | +105.8% |
| Financial charges | 65/66B | €3,272 | €3,669 | +€398 | +12.2% |
| Recurring financial charges | 65 | €3,272 | €3,669 | +€398 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,634 | €9,801 | +€13,435 | |
| Income taxes | 67/77 | €744 | €3,978 | +€3,234 | +434.8% |
| Profit (loss) for the period | 9904 | -€4,377 | €5,824 | +€10,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,377 | €5,824 | +€10,201 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.