KNUFFEL: 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.
What changed
KNUFFEL
NACE 46.900, Non-specialised wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€27,463
2024 · €34,858-€62,321
Equity
€422,018
2024 · €449,481-€27,463
Cash
€151,964
2024 · €145,377+€6,587
Balance sheet total
€939,648
2024 · €991,836-€52,188
Largest movements
Assets
- Tangible fixed assets -€58,834
down €58,834 (-7.0%), from €839,314 to €780,480
Equity and liabilities
- Reserves -€27,463
down €27,463 (-15.4%), from €178,340 to €150,877
of which Distributable reserves: -€21,704
- Debts after one year -€14,816
down €14,816 (-16.1%), from €92,294 to €77,479
Income statement
- Gross operating margin -€63,498
down €63,498 (-40.7%), from €156,086 to €92,588
- Financial charges -€3,491
down €3,491 (-11.4%), from €30,528 to €27,036
- Other operating charges +€2,410
up €2,410 (+17.3%), from €13,933 to €16,343
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.
Result 2024
€34,858
Gross operating margin
-€63,498
Depreciation
+€501
Other operating charges
-€2,410
Financial income
-€134
Financial charges
+€3,491
Taxes
-€15
Deferred taxes and other
-€257
Result 2025
-€27,463
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.
From operations
+€42,928
Investment
-€21,796
Financing
-€14,545
Cash 2024
€145,377
From operations (derived)
+€42,928
Net result for the year
-€27,463
Depreciation
+€78,210
Receivables within one year
-€208
Deferred charges and accrued income
+€2,569
Provisions
-€1,918
Trade debts
-€428
Tax, wage and social debts
+€466
Other debts
-€1,850
Accrued charges and deferred income
-€6,451
Investment (derived)
-€21,796
Investment in fixed assets (net)
-€21,796
Financing
-€14,545
Debts after one year
-€14,816
Current portion of long-term debt
+€271
Cash 2025
€151,964
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €991,836 | €939,648 | -€52,188 | -5.3% |
| Fixed assets | 21/28 | €839,315 | €782,901 | -€56,414 | -6.7% |
| Tangible fixed assets | 22/27 | €839,314 | €780,480 | -€58,834 | -7.0% |
| Land and buildings | 22 | €724,140 | €696,492 | -€27,649 | -3.8% |
| Plant, machinery and equipment | 23 | €44,470 | €35,144 | -€9,326 | -21.0% |
| Furniture and vehicles | 24 | €70,703 | €48,844 | -€21,859 | -30.9% |
| Financial fixed assets | 28 | €1 | €2,421 | +€2,420 | +193600.0% |
| Current assets | 29/58 | €152,521 | €156,747 | +€4,226 | +2.8% |
| Amounts receivable within one year | 40/41 | €2,124 | €2,332 | +€208 | +9.8% |
| Trade receivables | 40 | - | €346 | +€346 | |
| Other amounts receivable | 41 | €2,124 | €1,986 | -€138 | -6.5% |
| Cash at bank and in hand | 54/58 | €145,377 | €151,964 | +€6,587 | +4.5% |
| Deferred charges and accrued income | 490/1 | €5,020 | €2,451 | -€2,569 | -51.2% |
| Total equity and liabilities | 10/49 | €991,836 | €939,648 | -€52,188 | -5.3% |
| Equity | 10/15 | €449,481 | €422,018 | -€27,463 | -6.1% |
| Contributions | 10/11 | €271,141 | €271,141 | = | 0.0% |
| Reserves | 13 | €178,340 | €150,877 | -€27,463 | -15.4% |
| Tax-exempt reserves | 132 | €87,498 | €81,739 | -€5,759 | -6.6% |
| Distributable reserves | 133 | €90,842 | €69,138 | -€21,704 | -23.9% |
| Provisions and deferred taxes | 16 | €18,350 | €16,432 | -€1,918 | -10.5% |
| Deferred taxes | 168 | €18,350 | €16,432 | -€1,918 | -10.5% |
| Amounts payable | 17/49 | €524,005 | €501,198 | -€22,806 | -4.4% |
| Amounts payable after more than one year | 17 | €92,294 | €77,479 | -€14,816 | -16.1% |
| Financial debts | 170/4 | €92,294 | €77,479 | -€14,816 | -16.1% |
| Amounts payable within one year | 42/48 | €401,098 | €399,558 | -€1,540 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €14,634 | €14,905 | +€271 | +1.9% |
| Trade debts | 44 | €8,416 | €7,988 | -€428 | -5.1% |
| Suppliers | 440/4 | €8,416 | €7,988 | -€428 | -5.1% |
| Taxes, remuneration and social security | 45 | €1,076 | €1,542 | +€466 | +43.4% |
| Taxes | 450/3 | €1,076 | €1,542 | +€466 | +43.4% |
| Other amounts payable | 47/48 | €376,973 | €375,124 | -€1,850 | -0.5% |
| Accrued charges and deferred income | 492/3 | €30,612 | €24,162 | -€6,451 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,711 | €78,210 | -€501 | -0.6% |
| Other operating charges | 640/8 | €13,933 | €16,343 | +€2,410 | +17.3% |
| Gross operating margin | 9900 | €156,086 | €92,588 | -€63,498 | -40.7% |
| Operating profit (loss) | 9901 | €63,441 | -€1,965 | -€65,406 | |
| Financial income | 75/76B | €166 | €32 | -€134 | -80.7% |
| Recurring financial income | 75 | €166 | €32 | -€134 | -80.7% |
| Financial charges | 65/66B | €30,528 | €27,036 | -€3,491 | -11.4% |
| Recurring financial charges | 65 | €30,528 | €27,036 | -€3,491 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €33,080 | -€28,969 | -€62,049 | |
| Transfer from deferred taxes | 780 | €2,176 | €1,918 | -€257 | -11.8% |
| Income taxes | 67/77 | €397 | €412 | +€15 | +3.7% |
| Profit (loss) for the period | 9904 | €34,858 | -€27,463 | -€62,321 | |
| Transfer from tax-exempt reserves | 789 | €6,532 | €5,759 | -€772 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,389 | -€21,704 | -€63,093 |
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.