KNOT: 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.
KNOT
Largest movements
- Intangible fixed assets -€6,429
down €6,429 (-28.6%), from €22,500 to €16,071
- Receivables within one year +€6,419
up €6,419 (+296.6%), from €2,164 to €8,583
of which Trade receivables: +€5,334
- Cash -€4,912
down €4,912 (-38.1%), from €12,907 to €7,995
mainly Other debts (-€9,318) and Receivables within one year (-€6,419)
- Stocks and contracts -€835
down €835 (-4.8%), from €17,535 to €16,700
- Other debts -€9,318
down €9,318 (-21.0%), from €44,317 to €34,999
- Tax, wage and social debts +€2,201
up €2,201 (+44.7%), from €4,918 to €7,119
of which Remuneration and social security: +€3,093
- Profit (loss) carried forward +€2,058
up €2,058 (+3.2%), from -€63,354 to -€61,295
- Gross operating margin +€17,334
up €17,334 (+18.8%), from €92,161 to €109,495
- Staff costs +€6,184
up €6,184 (+7.3%), from €84,941 to €91,125
- Other operating charges -€1,139
down €1,139 (-22.5%), from €5,052 to €3,913
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 | €64,778 | €60,210 | -€4,569 | -7.1% |
| Fixed assets | 21/28 | €31,529 | €25,711 | -€5,818 | -18.5% |
| Intangible fixed assets | 21 | €22,500 | €16,071 | -€6,429 | -28.6% |
| Tangible fixed assets | 22/27 | €9,029 | €9,640 | +€611 | +6.8% |
| Plant, machinery and equipment | 23 | €1,074 | €4,263 | +€3,189 | +296.8% |
| Furniture and vehicles | 24 | €5,244 | €3,230 | -€2,014 | -38.4% |
| Other tangible fixed assets | 26 | €2,711 | €2,147 | -€564 | -20.8% |
| Current assets | 29/58 | €33,249 | €34,498 | +€1,249 | +3.8% |
| Stocks and contracts in progress | 3 | €17,535 | €16,700 | -€835 | -4.8% |
| Stocks | 30/36 | €17,535 | €16,700 | -€835 | -4.8% |
| Amounts receivable within one year | 40/41 | €2,164 | €8,583 | +€6,419 | +296.6% |
| Trade receivables | 40 | €1,478 | €6,812 | +€5,334 | +360.9% |
| Other amounts receivable | 41 | €686 | €1,771 | +€1,085 | +158.1% |
| Cash at bank and in hand | 54/58 | €12,907 | €7,995 | -€4,912 | -38.1% |
| Deferred charges and accrued income | 490/1 | €643 | €1,220 | +€577 | +89.7% |
| Total equity and liabilities | 10/49 | €64,778 | €60,210 | -€4,569 | -7.1% |
| Equity | 10/15 | €6,646 | €8,705 | +€2,058 | +31.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,354 | -€61,295 | +€2,058 | +3.2% |
| Amounts payable | 17/49 | €58,132 | €51,505 | -€6,627 | -11.4% |
| Amounts payable within one year | 42/48 | €58,132 | €51,505 | -€6,627 | -11.4% |
| Trade debts | 44 | €8,896 | €9,387 | +€490 | +5.5% |
| Suppliers | 440/4 | €8,896 | €9,387 | +€490 | +5.5% |
| Taxes, remuneration and social security | 45 | €4,918 | €7,119 | +€2,201 | +44.7% |
| Taxes | 450/3 | €2,752 | €1,859 | -€893 | -32.4% |
| Remuneration and social security | 454/9 | €2,167 | €5,260 | +€3,093 | +142.8% |
| Other amounts payable | 47/48 | €44,317 | €34,999 | -€9,318 | -21.0% |
| Remuneration, social security and pensions | 62 | €84,941 | €91,125 | +€6,184 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,984 | €10,953 | -€32 | -0.3% |
| Other operating charges | 640/8 | €5,052 | €3,913 | -€1,139 | -22.5% |
| Gross operating margin | 9900 | €92,161 | €109,495 | +€17,334 | +18.8% |
| Operating profit (loss) | 9901 | -€8,816 | €3,505 | +€12,321 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +122.2% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +122.2% |
| Financial charges | 65/66B | €1,275 | €1,447 | +€172 | +13.5% |
| Recurring financial charges | 65 | €1,275 | €1,447 | +€172 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,091 | €2,058 | +€12,149 | |
| Profit (loss) for the period | 9904 | -€10,091 | €2,058 | +€12,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,091 | €2,058 | +€12,149 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.