KNOKVAR: 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.
KNOKVAR
Largest movements
- Current investments +€400,000
up €400,000 (+266666.7%), from €150 to €400,150
- Cash -€136,735
down €136,735 (-31.7%), from €431,007 to €294,272
mainly Current investments (-€400,000) and Debts after one year (-€71,273)
- Tangible fixed assets -€131,141
down €131,141 (-18.0%), from €730,173 to €599,032
of which Land and buildings: -€101,404
- Stocks and contracts -€61,000
down €61,000 (-26.5%), from €230,530 to €169,530
- Reserves +€153,475
up €153,475 (+18.0%), from €851,080 to €1.0m
of which Distributable reserves: +€154,813
- Debts after one year -€71,273
down €71,273 (-70.2%), from €101,507 to €30,233
- Other debts +€36,806
up €36,806 (+121.9%), from €30,187 to €66,993
- Tax, wage and social debts -€29,744
down €29,744 (-66.7%), from €44,615 to €14,871
of which Taxes: -€28,739
- Current portion of long-term debt -€26,510
down €26,510 (-27.1%), from €97,783 to €71,273
- Gross operating margin -€405,155
down €405,155 (-52.4%), from €772,860 to €367,705
- Taxes -€99,415
down €99,415 (-60.4%), from €164,725 to €65,310
- Depreciation -€18,623
down €18,623 (-12.4%), from €149,764 to €131,141
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 | €1,399,381 | €1,485,115 | +€85,733 | +6.1% |
| Fixed assets | 21/28 | €730,173 | €599,032 | -€131,141 | -18.0% |
| Tangible fixed assets | 22/27 | €730,173 | €599,032 | -€131,141 | -18.0% |
| Land and buildings | 22 | €650,142 | €548,738 | -€101,404 | -15.6% |
| Plant, machinery and equipment | 23 | €33,274 | €18,973 | -€14,301 | -43.0% |
| Furniture and vehicles | 24 | €46,756 | €31,321 | -€15,436 | -33.0% |
| Current assets | 29/58 | €669,208 | €886,082 | +€216,875 | +32.4% |
| Stocks and contracts in progress | 3 | €230,530 | €169,530 | -€61,000 | -26.5% |
| Stocks | 30/36 | €230,530 | €169,530 | -€61,000 | -26.5% |
| Amounts receivable within one year | 40/41 | €4,896 | €19,386 | +€14,490 | +296.0% |
| Trade receivables | 40 | €0 | €19,235 | +€19,235 | |
| Other amounts receivable | 41 | €4,896 | €151 | -€4,745 | -96.9% |
| Current investments | 50/53 | €150 | €400,150 | +€400,000 | +266666.7% |
| Cash at bank and in hand | 54/58 | €431,007 | €294,272 | -€136,735 | -31.7% |
| Deferred charges and accrued income | 490/1 | €2,625 | €2,744 | +€120 | +4.6% |
| Total equity and liabilities | 10/49 | €1,399,381 | €1,485,115 | +€85,733 | +6.1% |
| Equity | 10/15 | €1,098,974 | €1,252,448 | +€153,475 | +14.0% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €851,080 | €1,004,555 | +€153,475 | +18.0% |
| Non-distributable reserves | 130/1 | €1,339 | €0 | -€1,339 | -100.0% |
| Reserves not available under the articles | 1311 | €1,339 | €0 | -€1,339 | -100.0% |
| Distributable reserves | 133 | €849,742 | €1,004,555 | +€154,813 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €300,407 | €232,666 | -€67,741 | -22.5% |
| Amounts payable after more than one year | 17 | €101,507 | €30,233 | -€71,273 | -70.2% |
| Financial debts | 170/4 | €101,507 | €30,233 | -€71,273 | -70.2% |
| Amounts payable within one year | 42/48 | €198,901 | €202,433 | +€3,532 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €97,783 | €71,273 | -€26,510 | -27.1% |
| Trade debts | 44 | €26,315 | €49,296 | +€22,981 | +87.3% |
| Suppliers | 440/4 | €26,315 | €49,296 | +€22,981 | +87.3% |
| Taxes, remuneration and social security | 45 | €44,615 | €14,871 | -€29,744 | -66.7% |
| Taxes | 450/3 | €42,490 | €13,751 | -€28,739 | -67.6% |
| Remuneration and social security | 454/9 | €2,125 | €1,120 | -€1,005 | -47.3% |
| Other amounts payable | 47/48 | €30,187 | €66,993 | +€36,806 | +121.9% |
| Remuneration, social security and pensions | 62 | €16,438 | €15,694 | -€744 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,764 | €131,141 | -€18,623 | -12.4% |
| Other operating charges | 640/8 | €9,239 | €10,329 | +€1,090 | +11.8% |
| Non-recurring operating charges | 66A | €241,539 | €0 | -€241,539 | -100.0% |
| Gross operating margin | 9900 | €772,860 | €367,705 | -€405,155 | -52.4% |
| Operating profit (loss) | 9901 | €355,880 | €210,541 | -€145,339 | -40.8% |
| Financial income | 75/76B | €7,326 | €14,643 | +€7,316 | +99.9% |
| Recurring financial income | 75 | €7,326 | €14,643 | +€7,316 | +99.9% |
| Financial charges | 65/66B | €9,485 | €6,400 | -€3,086 | -32.5% |
| Recurring financial charges | 65 | €9,485 | €6,400 | -€3,086 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €353,721 | €218,784 | -€134,936 | -38.1% |
| Income taxes | 67/77 | €164,725 | €65,310 | -€99,415 | -60.4% |
| Profit (loss) for the period | 9904 | €188,996 | €153,475 | -€35,521 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €188,996 | €153,475 | -€35,521 | -18.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.