KNOVAN: 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.
KNOVAN
Largest movements
- Cash +€15,762
up €15,762 (+159%), from €9,884 to €25,646
mainly Stocks and contracts (+€15,278) and Depreciation (+€15,195)
- Stocks and contracts -€15,278
down €15,278 (-10.7%), from €143,263 to €127,985
- Tangible fixed assets -€15,195
down €15,195 (-34.4%), from €44,176 to €28,980
of which Furniture and vehicles: -€12,680
- Deferred charges and accrued income -€5,433
down €5,433 (-56.4%), from €9,640 to €4,207
- Debts after one year -€13,797
down €13,797 (-62.9%), from €21,940 to €8,143
- Reserves +€5,471
up €5,471 (+37.1%), from €14,763 to €20,234
- Trade debts -€5,180
down €5,180 (-43.8%), from €11,824 to €6,644
- Tax, wage and social debts -€4,383
down €4,383 (-65.7%), from €6,667 to €2,285
of which Taxes: -€4,383
- Other debts -€2,809
down €2,809 (-2.1%), from €132,573 to €129,765
- Gross operating margin -€8,997
down €8,997 (-22.2%), from €40,537 to €31,540
- Taxes -€3,098
down €3,098 (-57.6%), from €5,382 to €2,285
- Financial income -€2,664
down €2,664 (-56.7%), from €4,696 to €2,032
- Staff costs -€2,020
down €2,020 (-40.7%), from €4,964 to €2,943
- Financial charges +€1,323
up €1,323 (+190%), from €695 to €2,018
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 | €207,322 | €187,405 | -€19,917 | -9.6% |
| Fixed assets | 21/28 | €44,176 | €28,980 | -€15,195 | -34.4% |
| Tangible fixed assets | 22/27 | €44,176 | €28,980 | -€15,195 | -34.4% |
| Plant, machinery and equipment | 23 | €4,671 | €3,099 | -€1,571 | -33.6% |
| Furniture and vehicles | 24 | €36,761 | €24,081 | -€12,680 | -34.5% |
| Other tangible fixed assets | 26 | €2,744 | €1,800 | -€944 | -34.4% |
| Current assets | 29/58 | €163,147 | €158,425 | -€4,722 | -2.9% |
| Stocks and contracts in progress | 3 | €143,263 | €127,985 | -€15,278 | -10.7% |
| Stocks | 30/36 | €143,263 | €127,985 | -€15,278 | -10.7% |
| Amounts receivable within one year | 40/41 | €360 | €587 | +€227 | +63.0% |
| Other amounts receivable | 41 | €360 | €587 | +€227 | +63.0% |
| Cash at bank and in hand | 54/58 | €9,884 | €25,646 | +€15,762 | +159% |
| Deferred charges and accrued income | 490/1 | €9,640 | €4,207 | -€5,433 | -56.4% |
| Total equity and liabilities | 10/49 | €207,322 | €187,405 | -€19,917 | -9.6% |
| Equity | 10/15 | €19,763 | €25,234 | +€5,471 | +27.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,763 | €20,234 | +€5,471 | +37.1% |
| Distributable reserves | 133 | €14,763 | €20,234 | +€5,471 | +37.1% |
| Amounts payable | 17/49 | €187,559 | €162,171 | -€25,388 | -13.5% |
| Amounts payable after more than one year | 17 | €21,940 | €8,143 | -€13,797 | -62.9% |
| Financial debts | 170/4 | €21,940 | €8,143 | -€13,797 | -62.9% |
| Amounts payable within one year | 42/48 | €164,659 | €152,490 | -€12,169 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €13,594 | €13,797 | +€203 | +1.5% |
| Trade debts | 44 | €11,824 | €6,644 | -€5,180 | -43.8% |
| Suppliers | 440/4 | €11,824 | €6,644 | -€5,180 | -43.8% |
| Taxes, remuneration and social security | 45 | €6,667 | €2,285 | -€4,383 | -65.7% |
| Taxes | 450/3 | €6,667 | €2,285 | -€4,383 | -65.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,573 | €129,765 | -€2,809 | -2.1% |
| Accrued charges and deferred income | 492/3 | €961 | €1,539 | +€578 | +60.2% |
| Remuneration, social security and pensions | 62 | €4,964 | €2,943 | -€2,020 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,195 | €15,195 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,334 | €5,660 | +€326 | +6.1% |
| Gross operating margin | 9900 | €40,537 | €31,540 | -€8,997 | -22.2% |
| Operating profit (loss) | 9901 | €15,044 | €7,742 | -€7,303 | -48.5% |
| Financial income | 75/76B | €4,696 | €2,032 | -€2,664 | -56.7% |
| Recurring financial income | 75 | €4,696 | €2,032 | -€2,664 | -56.7% |
| Financial charges | 65/66B | €695 | €2,018 | +€1,323 | +190% |
| Recurring financial charges | 65 | €695 | €2,018 | +€1,323 | +190% |
| Profit (loss) for the period before taxes | 9903 | €19,046 | €7,755 | -€11,290 | -59.3% |
| Income taxes | 67/77 | €5,382 | €2,285 | -€3,098 | -57.6% |
| Profit (loss) for the period | 9904 | €13,663 | €5,471 | -€8,192 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,663 | €5,471 | -€8,192 | -60.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.