KnowMore: 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.
KnowMore
Largest movements
- Cash +€161,061
up €161,061 (+1,127%), from €14,291 to €175,352
mainly Net result for the year (+€120,327) and Investment in fixed assets (net) (+€51,821)
- Financial fixed assets -€60,000
down €60,000 (-14.1%), from €425,000 to €365,000
- Profit (loss) carried forward +€120,327
new in 2025: €120,327
- Other debts -€51,246
no longer reported in 2025 (was €51,246)
- Financial charges +€59,620
up €59,620 (+10,515%), from €567 to €60,187
- Gross operating margin +€48,377
up €48,377 (+24.3%), from €198,708 to €247,085
- Financial income -€16,968
down €16,968 (-54.8%), from €30,943 to €13,975
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 | €2,361,527 | €2,452,889 | +€91,362 | +3.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €484,729 | €414,794 | -€69,935 | -14.4% |
| Tangible fixed assets | 22/27 | €59,729 | €49,794 | -€9,935 | -16.6% |
| Plant, machinery and equipment | 23 | €2,324 | €1,837 | -€487 | -21.0% |
| Furniture and vehicles | 24 | €57,405 | €47,957 | -€9,448 | -16.5% |
| Financial fixed assets | 28 | €425,000 | €365,000 | -€60,000 | -14.1% |
| Current assets | 29/58 | €1,876,798 | €2,038,095 | +€161,297 | +8.6% |
| Amounts receivable within one year | 40/41 | €158,011 | €157,807 | -€204 | -0.1% |
| Trade receivables | 40 | €57,205 | €63,861 | +€6,656 | +11.6% |
| Other amounts receivable | 41 | €100,806 | €93,946 | -€6,860 | -6.8% |
| Current investments | 50/53 | €1,703,323 | €1,700,483 | -€2,840 | -0.2% |
| Cash at bank and in hand | 54/58 | €14,291 | €175,352 | +€161,061 | +1,127% |
| Deferred charges and accrued income | 490/1 | €1,173 | €4,453 | +€3,280 | +280% |
| Total equity and liabilities | 10/49 | €2,361,527 | €2,452,889 | +€91,362 | +3.9% |
| Equity | 10/15 | €2,274,666 | €2,394,993 | +€120,327 | +5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,262,266 | €2,262,266 | = | 0.0% |
| Distributable reserves | 133 | €2,262,266 | €2,262,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €120,327 | +€120,327 | |
| Amounts payable | 17/49 | €86,861 | €57,896 | -€28,965 | -33.3% |
| Amounts payable within one year | 42/48 | €86,861 | €57,896 | -€28,965 | -33.3% |
| Trade debts | 44 | - | €3,323 | +€3,323 | |
| Suppliers | 440/4 | - | €3,323 | +€3,323 | |
| Taxes, remuneration and social security | 45 | €35,615 | €54,573 | +€18,958 | +53.2% |
| Taxes | 450/3 | €35,615 | €54,573 | +€18,958 | +53.2% |
| Other amounts payable | 47/48 | €51,246 | - | -€51,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,823 | €18,114 | +€1,291 | +7.7% |
| Other operating charges | 640/8 | €2,834 | €4,029 | +€1,195 | +42.2% |
| Gross operating margin | 9900 | €198,708 | €247,085 | +€48,377 | +24.3% |
| Operating profit (loss) | 9901 | €179,051 | €224,942 | +€45,891 | +25.6% |
| Financial income | 75/76B | €30,943 | €13,975 | -€16,968 | -54.8% |
| Recurring financial income | 75 | €30,943 | €13,975 | -€16,968 | -54.8% |
| Financial charges | 65/66B | €567 | €60,187 | +€59,620 | +10,515% |
| Recurring financial charges | 65 | €567 | €60,187 | +€59,620 | +10,515% |
| Profit (loss) for the period before taxes | 9903 | €209,427 | €178,730 | -€30,697 | -14.7% |
| Income taxes | 67/77 | €59,995 | €58,403 | -€1,592 | -2.7% |
| Profit (loss) for the period | 9904 | €149,432 | €120,327 | -€29,105 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €149,432 | €120,327 | -€29,105 | -19.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.