KNOKKE TIME: 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.
KNOKKE TIME
Largest movements
- Stocks and contracts +€184,078
up €184,078 (+11.2%), from €1.6m to €1.8m
- Tangible fixed assets -€75,021
down €75,021 (-41.6%), from €180,406 to €105,384
of which Other tangible fixed assets: -€55,437
- Cash +€22,641
up €22,641 (+16.7%), from €135,428 to €158,068
mainly Net result for the year (+€270,981) and Other debts (+€82,118)
- Reserves +€184,368
up €184,368 (+20.7%), from €891,976 to €1.1m
- Debts after one year -€115,721
down €115,721 (-26.9%), from €430,223 to €314,501
of which Financial debts: -€67,721
- Other debts +€82,118
up €82,118 (+1,288%), from €6,374 to €88,492
- Short-term financial debts -€42,058
down €42,058 (-12.9%), from €326,618 to €284,560
- Trade debts +€39,029
up €39,029 (+30.8%), from €126,730 to €165,759
- Gross operating margin +€229,131
up €229,131 (+67.7%), from €338,386 to €567,517
- Write-downs +€225,060
up €225,060 (+89.6%), from -€251,120 to -€26,060
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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,972,765 | €2,116,361 | +€143,597 | +7.3% |
| Fixed assets | 21/28 | €180,406 | €109,343 | -€71,063 | -39.4% |
| Intangible fixed assets | 21 | - | €3,958 | +€3,958 | |
| Tangible fixed assets | 22/27 | €180,406 | €105,384 | -€75,021 | -41.6% |
| Plant, machinery and equipment | 23 | €6,507 | €3,637 | -€2,869 | -44.1% |
| Furniture and vehicles | 24 | €52,235 | €35,519 | -€16,715 | -32.0% |
| Other tangible fixed assets | 26 | €121,664 | €66,228 | -€55,437 | -45.6% |
| Current assets | 29/58 | €1,792,359 | €2,007,019 | +€214,660 | +12.0% |
| Stocks and contracts in progress | 3 | €1,647,080 | €1,831,158 | +€184,078 | +11.2% |
| Stocks | 30/36 | €1,647,080 | €1,831,158 | +€184,078 | +11.2% |
| Amounts receivable within one year | 40/41 | €3,417 | €1,528 | -€1,889 | -55.3% |
| Trade receivables | 40 | €1,325 | €0 | -€1,325 | -100% |
| Other amounts receivable | 41 | €2,092 | €1,528 | -€564 | -27.0% |
| Cash at bank and in hand | 54/58 | €135,428 | €158,068 | +€22,641 | +16.7% |
| Deferred charges and accrued income | 490/1 | €6,434 | €16,264 | +€9,831 | +153% |
| Total equity and liabilities | 10/49 | €1,972,765 | €2,116,361 | +€143,597 | +7.3% |
| Equity | 10/15 | €910,576 | €1,094,944 | +€184,368 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €891,976 | €1,076,344 | +€184,368 | +20.7% |
| Distributable reserves | 133 | €891,976 | €1,076,344 | +€184,368 | +20.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,062,189 | €1,021,418 | -€40,771 | -3.8% |
| Amounts payable after more than one year | 17 | €430,223 | €314,501 | -€115,721 | -26.9% |
| Financial debts | 170/4 | €146,560 | €78,839 | -€67,721 | -46.2% |
| Other amounts payable | 178/9 | €283,663 | €235,663 | -€48,000 | -16.9% |
| Amounts payable within one year | 42/48 | €631,967 | €706,916 | +€74,950 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €118,448 | €115,721 | -€2,727 | -2.3% |
| Financial debts | 43 | €326,618 | €284,560 | -€42,058 | -12.9% |
| Credit institutions | 430/8 | €326,618 | €284,560 | -€42,058 | -12.9% |
| Trade debts | 44 | €126,730 | €165,759 | +€39,029 | +30.8% |
| Suppliers | 440/4 | €126,730 | €165,759 | +€39,029 | +30.8% |
| Taxes, remuneration and social security | 45 | €53,796 | €52,384 | -€1,413 | -2.6% |
| Taxes | 450/3 | €38,961 | €42,756 | +€3,795 | +9.7% |
| Remuneration and social security | 454/9 | €14,836 | €9,628 | -€5,207 | -35.1% |
| Other amounts payable | 47/48 | €6,374 | €88,492 | +€82,118 | +1,288% |
| Remuneration, social security and pensions | 62 | €94,864 | €95,330 | +€466 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,193 | €76,260 | +€67 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€251,120 | -€26,060 | +€225,060 | +89.6% |
| Other operating charges | 640/8 | €2,286 | €2,587 | +€301 | +13.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €338,386 | €567,517 | +€229,131 | +67.7% |
| Operating profit (loss) | 9901 | €416,163 | €419,400 | +€3,238 | +0.8% |
| Financial income | 75/76B | €1,443 | €2,519 | +€1,076 | +74.6% |
| Recurring financial income | 75 | €1,443 | €2,519 | +€1,076 | +74.6% |
| Financial charges | 65/66B | €26,087 | €27,690 | +€1,603 | +6.1% |
| Recurring financial charges | 65 | €26,087 | €27,690 | +€1,603 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €391,518 | €394,229 | +€2,711 | +0.7% |
| Income taxes | 67/77 | €122,150 | €123,248 | +€1,098 | +0.9% |
| Profit (loss) for the period | 9904 | €269,368 | €270,981 | +€1,613 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €269,368 | €270,981 | +€1,613 | +0.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.