KNUETS: 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.
KNUETS
Largest movements
- Cash -€12,141
down €12,141 (-64.4%), from €18,839 to €6,698
mainly Net result for the year (-€13,960) and Investment in fixed assets (net) (-€6,084)
- Receivables within one year +€2,873
up €2,873 (+5.6%), from €50,880 to €53,753
of which Trade receivables: +€11,656
- Tangible fixed assets -€1,596
down €1,596 (-10.2%), from €15,607 to €14,011
of which Furniture and vehicles: -€2,998
- Profit (loss) carried forward -€13,960
down €13,960 (-29.1%), from €47,964 to €34,004
- Trade debts +€7,887
up €7,887 (+1630.7%), from €484 to €8,371
- Tax, wage and social debts -€5,027
down €5,027 (-23.1%), from €21,798 to €16,771
of which Taxes: -€5,865
- Gross operating margin -€34,827
down €34,827 (-39.7%), from €87,736 to €52,909
- Taxes -€11,273
down €11,273 (-99.7%), from €11,310 to €37
- Staff costs +€5,884
up €5,884 (+11.3%), from €52,090 to €57,974
- Depreciation -€1,281
down €1,281 (-14.3%), from €8,961 to €7,680
- Financial income -€1,095
down €1,095 (-36.0%), from €3,045 to €1,950
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 | €90,787 | €79,687 | -€11,100 | -12.2% |
| Fixed assets | 21/28 | €16,793 | €15,197 | -€1,596 | -9.5% |
| Tangible fixed assets | 22/27 | €15,607 | €14,011 | -€1,596 | -10.2% |
| Plant, machinery and equipment | 23 | €7,885 | €9,930 | +€2,045 | +25.9% |
| Furniture and vehicles | 24 | €5,148 | €2,150 | -€2,998 | -58.2% |
| Other tangible fixed assets | 26 | €2,574 | €1,930 | -€643 | -25.0% |
| Financial fixed assets | 28 | €1,186 | €1,186 | = | 0.0% |
| Current assets | 29/58 | €73,994 | €64,491 | -€9,504 | -12.8% |
| Amounts receivable within one year | 40/41 | €50,880 | €53,753 | +€2,873 | +5.6% |
| Trade receivables | 40 | €8,929 | €20,585 | +€11,656 | +130.5% |
| Other amounts receivable | 41 | €41,951 | €33,168 | -€8,782 | -20.9% |
| Cash at bank and in hand | 54/58 | €18,839 | €6,698 | -€12,141 | -64.4% |
| Deferred charges and accrued income | 490/1 | €4,275 | €4,040 | -€236 | -5.5% |
| Total equity and liabilities | 10/49 | €90,787 | €79,687 | -€11,100 | -12.2% |
| Equity | 10/15 | €68,463 | €54,503 | -€13,960 | -20.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,949 | €1,949 | = | 0.0% |
| Tax-exempt reserves | 132 | €94 | €94 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,964 | €34,004 | -€13,960 | -29.1% |
| Amounts payable | 17/49 | €22,324 | €25,184 | +€2,860 | +12.8% |
| Amounts payable within one year | 42/48 | €22,282 | €25,142 | +€2,860 | +12.8% |
| Trade debts | 44 | €484 | €8,371 | +€7,887 | +1630.7% |
| Suppliers | 440/4 | €484 | €8,371 | +€7,887 | +1630.7% |
| Taxes, remuneration and social security | 45 | €21,798 | €16,771 | -€5,027 | -23.1% |
| Taxes | 450/3 | €14,447 | €8,583 | -€5,865 | -40.6% |
| Remuneration and social security | 454/9 | €7,351 | €8,189 | +€838 | +11.4% |
| Accrued charges and deferred income | 492/3 | €42 | €42 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €52,090 | €57,974 | +€5,884 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,961 | €7,680 | -€1,281 | -14.3% |
| Other operating charges | 640/8 | €1,404 | €2,257 | +€853 | +60.8% |
| Gross operating margin | 9900 | €87,736 | €52,909 | -€34,827 | -39.7% |
| Operating profit (loss) | 9901 | €25,281 | -€15,002 | -€40,283 | |
| Financial income | 75/76B | €3,045 | €1,950 | -€1,095 | -36.0% |
| Recurring financial income | 75 | €3,045 | €1,950 | -€1,095 | -36.0% |
| Financial charges | 65/66B | €929 | €871 | -€58 | -6.2% |
| Recurring financial charges | 65 | €929 | €871 | -€58 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €27,397 | -€13,923 | -€41,320 | |
| Income taxes | 67/77 | €11,310 | €37 | -€11,273 | -99.7% |
| Profit (loss) for the period | 9904 | €16,088 | -€13,960 | -€30,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,088 | -€13,960 | -€30,047 |
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 11 October 2026 via checked.be.