KNUTS LUC: 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 LUC
Largest movements
- Cash -€45,012
down €45,012 (-72.0%), from €62,513 to €17,500
mainly Investment in fixed assets (net) (-€36,906) and Receivables within one year (-€22,239)
- Receivables within one year +€22,239
up €22,239 (+52.1%), from €42,710 to €64,949
of which Trade receivables: +€23,242
- Tangible fixed assets +€7,076
up €7,076 (+8.1%), from €87,307 to €94,383
of which Furniture and vehicles: +€16,638
- Tax, wage and social debts -€14,661
down €14,661 (-73.6%), from €19,913 to €5,252
of which Taxes: -€15,734
- Reserves +€5,972
up €5,972 (+5.3%), from €113,210 to €119,182
of which Distributable reserves: +€5,972
- Other debts -€4,196
down €4,196 (-76.2%), from €5,507 to €1,310
- Debts after one year -€2,840
down €2,840 (-16.4%), from €17,264 to €14,424
- Gross operating margin -€31,207
down €31,207 (-35.0%), from €89,269 to €58,062
- Taxes -€17,157
down €17,157 (-88.6%), from €19,372 to €2,215
- Staff costs +€10,114
up €10,114 (+216%), from €4,673 to €14,787
- Depreciation +€9,277
up €9,277 (+45.1%), from €20,552 to €29,830
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 | €196,072 | €181,132 | -€14,940 | -7.6% |
| Fixed assets | 21/28 | €87,307 | €94,383 | +€7,076 | +8.1% |
| Tangible fixed assets | 22/27 | €87,307 | €94,383 | +€7,076 | +8.1% |
| Land and buildings | 22 | €17,483 | €14,569 | -€2,914 | -16.7% |
| Plant, machinery and equipment | 23 | €49,421 | €43,392 | -€6,028 | -12.2% |
| Furniture and vehicles | 24 | €16,940 | €33,579 | +€16,638 | +98.2% |
| Other tangible fixed assets | 26 | €3,463 | €2,843 | -€620 | -17.9% |
| Current assets | 29/58 | €108,765 | €86,749 | -€22,017 | -20.2% |
| Stocks and contracts in progress | 3 | €3,491 | €2,717 | -€774 | -22.2% |
| Stocks | 30/36 | €3,491 | €2,717 | -€774 | -22.2% |
| Amounts receivable within one year | 40/41 | €42,710 | €64,949 | +€22,239 | +52.1% |
| Trade receivables | 40 | €41,707 | €64,949 | +€23,242 | +55.7% |
| Other amounts receivable | 41 | €1,003 | - | -€1,003 | |
| Cash at bank and in hand | 54/58 | €62,513 | €17,500 | -€45,012 | -72.0% |
| Deferred charges and accrued income | 490/1 | €52 | €1,582 | +€1,530 | +2,971% |
| Total equity and liabilities | 10/49 | €196,072 | €181,132 | -€14,940 | -7.6% |
| Equity | 10/15 | €118,588 | €124,561 | +€5,972 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,210 | €119,182 | +€5,972 | +5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,350 | €117,322 | +€5,972 | +5.4% |
| Profit (loss) carried forward | 14 | -€13,221 | -€13,221 | = | 0.0% |
| Amounts payable | 17/49 | €77,484 | €56,571 | -€20,913 | -27.0% |
| Amounts payable after more than one year | 17 | €17,264 | €14,424 | -€2,840 | -16.4% |
| Financial debts | 170/4 | €17,264 | €14,424 | -€2,840 | -16.4% |
| Amounts payable within one year | 42/48 | €60,220 | €42,147 | -€18,073 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €2,656 | €2,840 | +€183 | +6.9% |
| Trade debts | 44 | €32,144 | €32,744 | +€601 | +1.9% |
| Suppliers | 440/4 | €32,144 | €32,744 | +€601 | +1.9% |
| Taxes, remuneration and social security | 45 | €19,913 | €5,252 | -€14,661 | -73.6% |
| Taxes | 450/3 | €19,296 | €3,562 | -€15,734 | -81.5% |
| Remuneration and social security | 454/9 | €617 | €1,690 | +€1,073 | +174% |
| Other amounts payable | 47/48 | €5,507 | €1,310 | -€4,196 | -76.2% |
| Non-recurring operating income | 76A | €165 | €413 | +€248 | +150% |
| Remuneration, social security and pensions | 62 | €4,673 | €14,787 | +€10,114 | +216% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,552 | €29,830 | +€9,277 | +45.1% |
| Other operating charges | 640/8 | €2,453 | €2,265 | -€187 | -7.6% |
| Gross operating margin | 9900 | €89,269 | €58,062 | -€31,207 | -35.0% |
| Operating profit (loss) | 9901 | €61,591 | €11,180 | -€50,411 | -81.8% |
| Financial income | 75/76B | €265 | €682 | +€417 | +157% |
| Recurring financial income | 75 | €265 | €682 | +€417 | +157% |
| Financial charges | 65/66B | €4,451 | €3,675 | -€776 | -17.4% |
| Recurring financial charges | 65 | €4,451 | €3,675 | -€776 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €57,405 | €8,187 | -€49,218 | -85.7% |
| Income taxes | 67/77 | €19,372 | €2,215 | -€17,157 | -88.6% |
| Profit (loss) for the period | 9904 | €38,033 | €5,972 | -€32,061 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,033 | €5,972 | -€32,061 | -84.3% |
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 16 October 2026 via checked.be.