KNOKOR: what changed
Two fiscal 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.
KNOKOR
Largest movements
- Tangible fixed assets +€119,056
up €119,056 (+3.1%), from €3.9m to €4.0m
of which Land and buildings: +€121,398
- Cash -€64,502
down €64,502 (-29.9%), from €215,873 to €151,372
mainly Investment in fixed assets (net) (-€270,972) and Current investments (-€59,422)
- Current investments +€59,422
up €59,422 (+8.7%), from €679,513 to €738,935
- Accrued charges and deferred income +€73,050
up €73,050 (+108.6%), from €67,235 to €140,285
- Other debts +€61,630
up €61,630 (+2.6%), from €2.4m to €2.5m
- Gross operating margin +€47,541
up €47,541 (+18.6%), from €255,250 to €302,791
- Financial charges +€26,609
up €26,609 (+41.8%), from €63,598 to €90,207
- Financial income +€15,446
up €15,446 (+1838.3%), from €840 to €16,286
- Taxes +€10,405
up €10,405 (+331.5%), from €3,139 to €13,544
- Other operating charges +€5,061
up €5,061 (+13.7%), from €36,927 to €41,987
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
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 | €4,818,185 | €4,977,990 | +€159,805 | +3.3% |
| Fixed assets | 21/28 | €3,892,808 | €4,011,864 | +€119,056 | +3.1% |
| Tangible fixed assets | 22/27 | €3,892,219 | €4,011,275 | +€119,056 | +3.1% |
| Land and buildings | 22 | €3,885,837 | €4,007,235 | +€121,398 | +3.1% |
| Plant, machinery and equipment | 23 | €1,334 | €0 | -€1,334 | -100.0% |
| Furniture and vehicles | 24 | €1,750 | €1,167 | -€584 | -33.3% |
| Other tangible fixed assets | 26 | €3,297 | €2,873 | -€424 | -12.9% |
| Financial fixed assets | 28 | €589 | €589 | = | 0.0% |
| Current assets | 29/58 | €925,377 | €966,126 | +€40,749 | +4.4% |
| Amounts receivable within one year | 40/41 | €22,714 | €67,892 | +€45,178 | +198.9% |
| Trade receivables | 40 | €22,490 | €20,931 | -€1,559 | -6.9% |
| Other amounts receivable | 41 | €225 | €46,962 | +€46,737 | +20782.9% |
| Current investments | 50/53 | €679,513 | €738,935 | +€59,422 | +8.7% |
| Cash at bank and in hand | 54/58 | €215,873 | €151,372 | -€64,502 | -29.9% |
| Deferred charges and accrued income | 490/1 | €7,276 | €7,927 | +€651 | +9.0% |
| Total equity and liabilities | 10/49 | €4,818,185 | €4,977,990 | +€159,805 | +3.3% |
| Equity | 10/15 | €2,294,858 | €2,316,281 | +€21,423 | +0.9% |
| Contributions | 10/11 | €2,700,000 | €2,700,000 | = | 0.0% |
| Capital | 10 | €2,700,000 | €2,700,000 | = | 0.0% |
| Issued capital | 100 | €2,700,000 | €2,700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€405,142 | -€383,719 | +€21,423 | +5.3% |
| Amounts payable | 17/49 | €2,523,327 | €2,661,710 | +€138,382 | +5.5% |
| Amounts payable after more than one year | 17 | €33,768 | €33,768 | = | 0.0% |
| Other amounts payable | 178/9 | €33,768 | €33,768 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,422,324 | €2,487,657 | +€65,333 | +2.7% |
| Trade debts | 44 | €24,221 | €17,017 | -€7,204 | -29.7% |
| Suppliers | 440/4 | €24,221 | €17,017 | -€7,204 | -29.7% |
| Taxes, remuneration and social security | 45 | €169 | €11,075 | +€10,906 | +6467.1% |
| Taxes | 450/3 | €169 | €11,075 | +€10,906 | +6467.1% |
| Other amounts payable | 47/48 | €2,397,935 | €2,459,565 | +€61,630 | +2.6% |
| Accrued charges and deferred income | 492/3 | €67,235 | €140,285 | +€73,050 | +108.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,129 | €151,916 | -€1,213 | -0.8% |
| Other operating charges | 640/8 | €36,927 | €41,987 | +€5,061 | +13.7% |
| Gross operating margin | 9900 | €255,250 | €302,791 | +€47,541 | +18.6% |
| Operating profit (loss) | 9901 | €65,194 | €108,887 | +€43,693 | +67.0% |
| Financial income | 75/76B | €840 | €16,286 | +€15,446 | +1838.3% |
| Recurring financial income | 75 | €840 | €16,286 | +€15,446 | +1838.3% |
| Financial charges | 65/66B | €63,598 | €90,207 | +€26,609 | +41.8% |
| Recurring financial charges | 65 | €63,598 | €90,207 | +€26,609 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €2,437 | €34,966 | +€32,530 | +1334.9% |
| Income taxes | 67/77 | €3,139 | €13,544 | +€10,405 | +331.5% |
| Profit (loss) for the period | 9904 | -€702 | €21,423 | +€22,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€702 | €21,423 | +€22,125 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.