KNUTS: 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.
KNUTS
Largest movements
- Tangible fixed assets -€51,486
down €51,486 (-31.3%), from €164,266 to €112,780
of which Furniture and vehicles: -€28,486
- Receivables within one year -€31,766
down €31,766 (-36.1%), from €88,007 to €56,242
of which Trade receivables: -€37,930
- Cash +€10,799
new in 2025: €10,799
mainly Depreciation (+€51,828) and Receivables within one year (+€31,766)
- Debts after one year -€44,345
down €44,345 (-51.4%), from €86,312 to €41,966
- Trade debts -€25,859
down €25,859 (-47.6%), from €54,285 to €28,426
- Tax, wage and social debts -€11,161
down €11,161 (-51.3%), from €21,750 to €10,589
of which Taxes: -€11,161
- Reserves +€5,677
up €5,677 (+18.0%), from €31,585 to €37,262
of which Distributable reserves: +€5,677
- Current portion of long-term debt +€3,285
up €3,285 (+8.0%), from €41,138 to €44,424
- Gross operating margin -€8,258
down €8,258 (-8.6%), from €95,490 to €87,232
- Depreciation -€3,287
down €3,287 (-6.0%), from €55,115 to €51,828
- Financial charges +€3,067
up €3,067 (+15.2%), from €20,145 to €23,212
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 | €258,762 | €184,579 | -€74,183 | -28.7% |
| Fixed assets | 21/28 | €168,481 | €116,995 | -€51,486 | -30.6% |
| Tangible fixed assets | 22/27 | €164,266 | €112,780 | -€51,486 | -31.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €88,776 | €60,289 | -€28,486 | -32.1% |
| Leasing and similar rights | 25 | €75,490 | €52,490 | -€23,000 | -30.5% |
| Financial fixed assets | 28 | €4,216 | €4,216 | = | 0.0% |
| Current assets | 29/58 | €90,280 | €67,583 | -€22,697 | -25.1% |
| Amounts receivable within one year | 40/41 | €88,007 | €56,242 | -€31,766 | -36.1% |
| Trade receivables | 40 | €82,452 | €44,522 | -€37,930 | -46.0% |
| Other amounts receivable | 41 | €5,555 | €11,720 | +€6,164 | +111.0% |
| Cash at bank and in hand | 54/58 | - | €10,799 | +€10,799 | |
| Deferred charges and accrued income | 490/1 | €2,273 | €542 | -€1,731 | -76.1% |
| Total equity and liabilities | 10/49 | €258,762 | €184,579 | -€74,183 | -28.7% |
| Equity | 10/15 | €51,585 | €57,262 | +€5,677 | +11.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,585 | €37,262 | +€5,677 | +18.0% |
| Non-distributable reserves | 130/1 | €67 | €67 | = | 0.0% |
| Reserves not available under the articles | 1311 | €67 | €67 | = | 0.0% |
| Distributable reserves | 133 | €31,518 | €37,195 | +€5,677 | +18.0% |
| Amounts payable | 17/49 | €207,177 | €127,316 | -€79,860 | -38.5% |
| Amounts payable after more than one year | 17 | €86,312 | €41,966 | -€44,345 | -51.4% |
| Financial debts | 170/4 | €86,312 | €41,966 | -€44,345 | -51.4% |
| Amounts payable within one year | 42/48 | €119,115 | €83,439 | -€35,677 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €41,138 | €44,424 | +€3,285 | +8.0% |
| Financial debts | 43 | €1,926 | €0 | -€1,926 | -100.0% |
| Credit institutions | 430/8 | €1,926 | €0 | -€1,926 | -100.0% |
| Trade debts | 44 | €54,285 | €28,426 | -€25,859 | -47.6% |
| Suppliers | 440/4 | €54,285 | €28,426 | -€25,859 | -47.6% |
| Taxes, remuneration and social security | 45 | €21,750 | €10,589 | -€11,161 | -51.3% |
| Taxes | 450/3 | €21,750 | €10,589 | -€11,161 | -51.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15 | €0 | -€15 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,911 | +€161 | +9.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,115 | €51,828 | -€3,287 | -6.0% |
| Other operating charges | 640/8 | €4,815 | €5,594 | +€778 | +16.2% |
| Gross operating margin | 9900 | €95,490 | €87,232 | -€8,258 | -8.6% |
| Operating profit (loss) | 9901 | €35,559 | €29,810 | -€5,749 | -16.2% |
| Financial income | 75/76B | €1 | €642 | +€641 | +64146.0% |
| Recurring financial income | 75 | €1 | €642 | +€641 | +64146.0% |
| Financial charges | 65/66B | €20,145 | €23,212 | +€3,067 | +15.2% |
| Recurring financial charges | 65 | €20,145 | €23,212 | +€3,067 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €15,415 | €7,240 | -€8,175 | -53.0% |
| Income taxes | 67/77 | €1,190 | €1,563 | +€372 | +31.3% |
| Profit (loss) for the period | 9904 | €14,225 | €5,677 | -€8,548 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,225 | €5,677 | -€8,548 | -60.1% |
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.