KNT: 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.
KNT
Largest movements
- Cash +€255,831
up €255,831 (+67.7%), from €377,866 to €633,696
mainly Net result for the year (+€840,709) and Other debts (+€169,362)
- Intangible fixed assets -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year +€23,308
up €23,308 (+439.4%), from €5,305 to €28,613
of which Other amounts receivable: +€15,234
- Current investments +€20,000
up €20,000 (+666.7%), from €3,000 to €23,000
- Other debts +€169,362
up €169,362 (+27.3%), from €619,347 to €788,709
- Reserves +€148,181
up €148,181 (+21.4%), from €692,528 to €840,709
- Tax, wage and social debts -€76,120
down €76,120 (-73.6%), from €103,362 to €27,242
of which Taxes: -€85,459
- Trade debts +€28,283
up €28,283 (+57.2%), from €49,473 to €77,756
- Debts after one year -€19,978
down €19,978 (-19.1%), from €104,380 to €84,402
- Gross operating margin +€238,482
up €238,482 (+19.1%), from €1.2m to €1.5m
- Staff costs +€72,576
up €72,576 (+47.3%), from €153,299 to €225,875
- Taxes +€34,020
up €34,020 (+13.9%), from €245,321 to €279,341
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 | €1,606,983 | €1,857,395 | +€250,412 | +15.6% |
| Fixed assets | 21/28 | €1,219,283 | €1,170,375 | -€48,907 | -4.0% |
| Intangible fixed assets | 21 | €40,000 | - | -€40,000 | |
| Tangible fixed assets | 22/27 | €1,179,283 | €1,170,375 | -€8,907 | -0.8% |
| Land and buildings | 22 | €1,137,751 | €1,143,110 | +€5,359 | +0.5% |
| Plant, machinery and equipment | 23 | €31,438 | €20,172 | -€11,266 | -35.8% |
| Furniture and vehicles | 24 | €10,094 | €7,093 | -€3,001 | -29.7% |
| Current assets | 29/58 | €387,701 | €687,020 | +€299,319 | +77.2% |
| Amounts receivable within one year | 40/41 | €5,305 | €28,613 | +€23,308 | +439.4% |
| Trade receivables | 40 | - | €8,074 | +€8,074 | |
| Other amounts receivable | 41 | €5,305 | €20,539 | +€15,234 | +287.2% |
| Current investments | 50/53 | €3,000 | €23,000 | +€20,000 | +666.7% |
| Cash at bank and in hand | 54/58 | €377,866 | €633,696 | +€255,831 | +67.7% |
| Deferred charges and accrued income | 490/1 | €1,530 | €1,711 | +€181 | +11.8% |
| Total equity and liabilities | 10/49 | €1,606,983 | €1,857,395 | +€250,412 | +15.6% |
| Equity | 10/15 | €711,128 | €859,309 | +€148,181 | +20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €692,528 | €840,709 | +€148,181 | +21.4% |
| Distributable reserves | 133 | €692,528 | €840,709 | +€148,181 | +21.4% |
| Amounts payable | 17/49 | €895,855 | €998,086 | +€102,231 | +11.4% |
| Amounts payable after more than one year | 17 | €104,380 | €84,402 | -€19,978 | -19.1% |
| Financial debts | 170/4 | €104,380 | €84,402 | -€19,978 | -19.1% |
| Amounts payable within one year | 42/48 | €791,475 | €913,684 | +€122,209 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €19,294 | €19,978 | +€684 | +3.5% |
| Trade debts | 44 | €49,473 | €77,756 | +€28,283 | +57.2% |
| Suppliers | 440/4 | €49,473 | €77,756 | +€28,283 | +57.2% |
| Taxes, remuneration and social security | 45 | €103,362 | €27,242 | -€76,120 | -73.6% |
| Taxes | 450/3 | €85,459 | - | -€85,459 | |
| Remuneration and social security | 454/9 | €17,903 | €27,242 | +€9,339 | +52.2% |
| Other amounts payable | 47/48 | €619,347 | €788,709 | +€169,362 | +27.3% |
| Non-recurring operating income | 76A | €23,383 | €25,572 | +€2,189 | +9.4% |
| Remuneration, social security and pensions | 62 | €153,299 | €225,875 | +€72,576 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,460 | €129,573 | -€12,886 | -9.0% |
| Other operating charges | 640/8 | €4,994 | €8,792 | +€3,797 | +76.0% |
| Gross operating margin | 9900 | €1,248,461 | €1,486,942 | +€238,482 | +19.1% |
| Operating profit (loss) | 9901 | €947,708 | €1,122,703 | +€174,995 | +18.5% |
| Financial income | 75/76B | €12,344 | €449 | -€11,895 | -96.4% |
| Recurring financial income | 75 | €12,344 | €449 | -€11,895 | -96.4% |
| Financial charges | 65/66B | €3,789 | €3,102 | -€687 | -18.1% |
| Recurring financial charges | 65 | €3,789 | €3,102 | -€687 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €956,264 | €1,120,050 | +€163,786 | +17.1% |
| Income taxes | 67/77 | €245,321 | €279,341 | +€34,020 | +13.9% |
| Profit (loss) for the period | 9904 | €710,943 | €840,709 | +€129,766 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €710,943 | €840,709 | +€129,766 | +18.3% |
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 3 October 2026 via checked.be.