KNX ASSOCIATION: 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
KNX ASSOCIATION
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€351,193
2024 · €882,736-€531,543
Equity
€5.1m
2024 · €4.8m+€321,446
Cash
€4.1m
2024 · €3.8m+€344,690
Balance sheet total
€8.7m
2024 · €7.0m+€1.7m
Largest movements
Assets
- Current investments +€900,000
up €900,000 (+35.3%), from €2.5m to €3.4m
- Receivables within one year +€369,791
up €369,791 (+85.5%), from €432,594 to €802,385
of which Trade receivables: +€212,945
- Cash +€344,690
up €344,690 (+9.2%), from €3.8m to €4.1m
mainly Trade debts (+€1.5m) and Net result for the year (+€351,193)
Equity and liabilities
- Trade debts +€1.5m
up €1.5m (+129%), from €1.1m to €2.6m
- Profit (loss) carried forward +€351,193
up €351,193 (+116%), from €302,177 to €653,369
- Tax, wage and social debts -€89,710
down €89,710 (-9.3%), from €966,401 to €876,691
of which Taxes: -€233,450
Income statement
- Staff costs +€377,014
up €377,014 (+19.7%), from €1.9m to €2.3m
- Turnover -€344,584
down €344,584 (-2.7%), from €12.6m to €12.3m
- Services and other goods -€159,129
down €159,129 (-1.7%), from €9.5m to €9.3m
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
€882,736
Turnover
-€344,584
Services and other goods
+€159,129
Staff costs
-€377,014
Depreciation
+€627
Write-downs
-€48,482
Other operating charges
-€3,362
Other operating items
-€178
Financial income
+€3,065
Financial charges
+€3,781
Taxes
+€75,475
Result 2025
€351,193
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€1.1m
Financing
-€29,747
Cash 2024
€3.8m
From operations (derived)
+€1.4m
Net result for the year
+€351,193
Depreciation
+€76,921
Receivables within one year
-€369,791
Deferred charges and accrued income
-€4,523
Trade debts
+€1.5m
Tax, wage and social debts
-€89,710
Other debts
+€16,361
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€160,511
Current investments
-€900,000
Financing
-€29,747
Contributions, distributions and other
-€29,747
Cash 2025
€4.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,028,444 | €8,731,039 | +€1.7m | +24.2% |
| Fixed assets | 21/28 | €274,041 | €357,631 | +€83,590 | +30.5% |
| Tangible fixed assets | 22/27 | €180,883 | €264,474 | +€83,590 | +46.2% |
| Land and buildings | 22 | €45,643 | €27,372 | -€18,271 | -40.0% |
| Furniture and vehicles | 24 | €135,240 | €237,102 | +€101,861 | +75.3% |
| Financial fixed assets | 28 | €93,158 | €93,158 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €93,100 | €93,100 | = | 0.0% |
| Participating interests | 282 | €93,100 | €93,100 | = | 0.0% |
| Other financial fixed assets | 284/8 | €58 | €58 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €58 | €58 | = | 0.0% |
| Current assets | 29/58 | €6,754,403 | €8,373,407 | +€1.6m | +24.0% |
| Amounts receivable within one year | 40/41 | €432,594 | €802,385 | +€369,791 | +85.5% |
| Trade receivables | 40 | €253,126 | €466,071 | +€212,945 | +84.1% |
| Other amounts receivable | 41 | €179,468 | €336,314 | +€156,847 | +87.4% |
| Current investments | 50/53 | €2,549,999 | €3,449,999 | +€900,000 | +35.3% |
| Other investments | 51/53 | €2,549,999 | €3,449,999 | +€900,000 | +35.3% |
| Cash at bank and in hand | 54/58 | €3,753,021 | €4,097,711 | +€344,690 | +9.2% |
| Deferred charges and accrued income | 490/1 | €18,789 | €23,312 | +€4,523 | +24.1% |
| Total equity and liabilities | 10/49 | €7,028,444 | €8,731,039 | +€1.7m | +24.2% |
| Equity | 10/15 | €4,822,753 | €5,144,198 | +€321,446 | +6.7% |
| Contributions | 10/11 | €520,576 | €490,829 | -€29,747 | -5.7% |
| Reserves | 13 | €4,000,000 | €4,000,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,177 | €653,369 | +€351,193 | +116% |
| Amounts payable | 17/49 | €2,205,691 | €3,586,840 | +€1.4m | +62.6% |
| Amounts payable within one year | 42/48 | €2,205,691 | €3,586,840 | +€1.4m | +62.6% |
| Trade debts | 44 | €1,129,226 | €2,583,724 | +€1.5m | +129% |
| Suppliers | 440/4 | €1,129,226 | €2,583,724 | +€1.5m | +129% |
| Taxes, remuneration and social security | 45 | €966,401 | €876,691 | -€89,710 | -9.3% |
| Taxes | 450/3 | €581,273 | €347,823 | -€233,450 | -40.2% |
| Remuneration and social security | 454/9 | €385,127 | €528,868 | +€143,741 | +37.3% |
| Other amounts payable | 47/48 | €110,065 | €126,426 | +€16,361 | +14.9% |
| Operating income | 70/76A | €12,643,117 | €12,298,355 | -€344,762 | -2.7% |
| Turnover | 70 | €12,642,940 | €12,298,355 | -€344,584 | -2.7% |
| Non-recurring operating income | 76A | €178 | - | -€178 | |
| Operating charges | 60/66A | €11,413,316 | €11,682,418 | +€269,102 | +2.4% |
| Services and other goods | 61 | €9,467,463 | €9,308,334 | -€159,129 | -1.7% |
| Remuneration, social security and pensions | 62 | €1,918,018 | €2,295,031 | +€377,014 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,548 | €76,921 | -€627 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€51,047 | -€2,565 | +€48,482 | +95.0% |
| Other operating charges | 640/8 | €1,335 | €4,697 | +€3,362 | +252% |
| Operating profit (loss) | 9901 | €1,229,801 | €615,937 | -€613,864 | -49.9% |
| Financial income | 75/76B | €4,634 | €7,699 | +€3,065 | +66.1% |
| Recurring financial income | 75 | €4,634 | €7,699 | +€3,065 | +66.1% |
| Other financial income | 752/9 | €4,634 | €7,699 | +€3,065 | +66.1% |
| Financial charges | 65/66B | €130,899 | €127,118 | -€3,781 | -2.9% |
| Recurring financial charges | 65 | €130,899 | €127,118 | -€3,781 | -2.9% |
| Other financial charges | 652/9 | €130,899 | €127,118 | -€3,781 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €1,103,536 | €496,518 | -€607,018 | -55.0% |
| Income taxes | 67/77 | €220,800 | €145,325 | -€75,475 | -34.2% |
| Taxes | 670/3 | €220,800 | €145,325 | -€75,475 | -34.2% |
| Profit (loss) for the period | 9904 | €882,736 | €351,193 | -€531,543 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €882,736 | €351,193 | -€531,543 | -60.2% |
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 14 October 2026 via checked.be.