KNOEST: 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.
KNOEST
Largest movements
- Tangible fixed assets +€7,859
up €7,859 (+756.1%), from €1,039 to €8,899
- Receivables within one year +€3,266
up €3,266 (+23.6%), from €13,861 to €17,127
of which Trade receivables: +€2,813
- Profit (loss) carried forward -€20,424
down €20,424 (-747.4%), from -€2,733 to -€23,157
- Other debts +€16,794
new in 2025: €16,794
- Trade debts +€13,346
up €13,346 (+494.9%), from €2,697 to €16,043
- Tax, wage and social debts +€2,067
up €2,067 (+64.8%), from €3,191 to €5,258
of which Taxes: +€2,017
- Short-term financial debts -€731
down €731 (-7.4%), from €9,819 to €9,088
- Gross operating margin -€13,922
down €13,922 (-760.9%), from -€1,830 to -€15,752
- Depreciation +€2,073
up €2,073 (+3069.5%), from €68 to €2,141
- Financial charges +€1,175
up €1,175 (+161.0%), from €729 to €1,904
- Other operating charges +€574
up €574 (+541.9%), from €106 to €680
From the 2024 result to the 2025 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,974 | €26,026 | +€11,051 | +73.8% |
| Fixed assets | 21/28 | €1,039 | €8,899 | +€7,859 | +756.1% |
| Tangible fixed assets | 22/27 | €1,039 | €8,899 | +€7,859 | +756.1% |
| Plant, machinery and equipment | 23 | €1,039 | €8,899 | +€7,859 | +756.1% |
| Current assets | 29/58 | €13,935 | €17,127 | +€3,192 | +22.9% |
| Amounts receivable within one year | 40/41 | €13,861 | €17,127 | +€3,266 | +23.6% |
| Trade receivables | 40 | €11,500 | €14,313 | +€2,813 | +24.5% |
| Other amounts receivable | 41 | €2,361 | €2,814 | +€454 | +19.2% |
| Deferred charges and accrued income | 490/1 | €74 | - | -€74 | |
| Total equity and liabilities | 10/49 | €14,974 | €26,026 | +€11,051 | +73.8% |
| Equity | 10/15 | -€733 | -€21,157 | -€20,424 | -2787.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,733 | -€23,157 | -€20,424 | -747.4% |
| Amounts payable | 17/49 | €15,707 | €47,182 | +€31,476 | +200.4% |
| Amounts payable within one year | 42/48 | €15,707 | €47,182 | +€31,476 | +200.4% |
| Financial debts | 43 | €9,819 | €9,088 | -€731 | -7.4% |
| Credit institutions | 430/8 | €9,819 | €9,088 | -€731 | -7.4% |
| Trade debts | 44 | €2,697 | €16,043 | +€13,346 | +494.9% |
| Suppliers | 440/4 | €2,697 | €16,043 | +€13,346 | +494.9% |
| Taxes, remuneration and social security | 45 | €3,191 | €5,258 | +€2,067 | +64.8% |
| Taxes | 450/3 | €1,591 | €3,608 | +€2,017 | +126.8% |
| Remuneration and social security | 454/9 | €1,600 | €1,650 | +€50 | +3.1% |
| Other amounts payable | 47/48 | - | €16,794 | +€16,794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68 | €2,141 | +€2,073 | +3069.5% |
| Other operating charges | 640/8 | €106 | €680 | +€574 | +541.9% |
| Gross operating margin | 9900 | -€1,830 | -€15,752 | -€13,922 | -760.9% |
| Operating profit (loss) | 9901 | -€2,003 | -€18,573 | -€16,569 | -827.2% |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | €729 | €1,904 | +€1,175 | +161.0% |
| Recurring financial charges | 65 | €729 | €1,904 | +€1,175 | +161.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,733 | -€20,424 | -€17,691 | -647.4% |
| Profit (loss) for the period | 9904 | -€2,733 | -€20,424 | -€17,691 | -647.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,733 | -€20,424 | -€17,691 | -647.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.