KnY: 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.
KnY
Largest movements
- Receivables within one year -€33,313
down €33,313 (-39.2%), from €84,917 to €51,604
of which Trade receivables: -€44,928
- Cash -€29,701
down €29,701 (-43.8%), from €67,800 to €38,099
mainly Other debts (-€31,800) and Trade debts (-€18,503)
- Tangible fixed assets -€15,187
down €15,187 (-60.1%), from €25,265 to €10,078
of which Plant, machinery and equipment: -€13,627
- Stocks and contracts +€15,000
up €15,000 (+150%), from €10,000 to €25,000
- Deferred charges and accrued income -€4,056
down €4,056 (-29.0%), from €14,008 to €9,952
- Other debts -€31,800
down €31,800 (-79.5%), from €40,000 to €8,200
- Trade debts -€18,503
down €18,503 (-49.9%), from €37,106 to €18,603
- Reserves -€14,614
down €14,614 (-14.5%), from €100,816 to €86,202
of which Distributable reserves: -€14,614
- Debts after one year -€3,723
down €3,723 (-92.1%), from €4,041 to €317
- Current portion of long-term debt -€3,672
down €3,672 (-37.1%), from €9,895 to €6,223
- Gross operating margin -€104,180
down €104,180 (-67.2%), from €155,011 to €50,831
- Staff costs -€47,499
down €47,499 (-81.7%), from €58,162 to €10,663
- Other operating charges +€19,514
up €19,514 (+807%), from €2,418 to €21,932
- Taxes -€11,239
down €11,239 (-94.9%), from €11,841 to €602
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 | €201,990 | €134,733 | -€67,257 | -33.3% |
| Fixed assets | 21/28 | €25,265 | €10,078 | -€15,187 | -60.1% |
| Tangible fixed assets | 22/27 | €25,265 | €10,078 | -€15,187 | -60.1% |
| Plant, machinery and equipment | 23 | €21,491 | €7,864 | -€13,627 | -63.4% |
| Furniture and vehicles | 24 | €3,774 | €2,214 | -€1,559 | -41.3% |
| Current assets | 29/58 | €176,725 | €124,655 | -€52,070 | -29.5% |
| Stocks and contracts in progress | 3 | €10,000 | €25,000 | +€15,000 | +150% |
| Contracts in progress | 37 | €10,000 | €25,000 | +€15,000 | +150% |
| Amounts receivable within one year | 40/41 | €84,917 | €51,604 | -€33,313 | -39.2% |
| Trade receivables | 40 | €79,417 | €34,489 | -€44,928 | -56.6% |
| Other amounts receivable | 41 | €5,500 | €17,114 | +€11,615 | +211% |
| Cash at bank and in hand | 54/58 | €67,800 | €38,099 | -€29,701 | -43.8% |
| Deferred charges and accrued income | 490/1 | €14,008 | €9,952 | -€4,056 | -29.0% |
| Total equity and liabilities | 10/49 | €201,990 | €134,733 | -€67,257 | -33.3% |
| Equity | 10/15 | €107,093 | €93,517 | -€13,577 | -12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,816 | €86,202 | -€14,614 | -14.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €100,816 | €86,202 | -€14,614 | -14.5% |
| Profit (loss) carried forward | 14 | €78 | €1,115 | +€1,037 | +1,335% |
| Amounts payable | 17/49 | €94,896 | €41,216 | -€53,680 | -56.6% |
| Amounts payable after more than one year | 17 | €4,041 | €317 | -€3,723 | -92.1% |
| Financial debts | 170/4 | €4,041 | €317 | -€3,723 | -92.1% |
| Amounts payable within one year | 42/48 | €89,408 | €37,399 | -€52,009 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €9,895 | €6,223 | -€3,672 | -37.1% |
| Trade debts | 44 | €37,106 | €18,603 | -€18,503 | -49.9% |
| Suppliers | 440/4 | €37,106 | €18,603 | -€18,503 | -49.9% |
| Taxes, remuneration and social security | 45 | €2,406 | €4,372 | +€1,966 | +81.7% |
| Taxes | 450/3 | €2,406 | €4,372 | +€1,966 | +81.7% |
| Other amounts payable | 47/48 | €40,000 | €8,200 | -€31,800 | -79.5% |
| Accrued charges and deferred income | 492/3 | €1,448 | €3,500 | +€2,052 | +142% |
| Remuneration, social security and pensions | 62 | €58,162 | €10,663 | -€47,499 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,017 | €15,187 | -€830 | -5.2% |
| Other operating charges | 640/8 | €2,418 | €21,932 | +€19,514 | +807% |
| Gross operating margin | 9900 | €155,011 | €50,831 | -€104,180 | -67.2% |
| Operating profit (loss) | 9901 | €78,415 | €3,049 | -€75,366 | -96.1% |
| Financial income | 75/76B | €529 | €354 | -€175 | -33.1% |
| Recurring financial income | 75 | €529 | €354 | -€175 | -33.1% |
| Financial charges | 65/66B | €2,317 | €1,765 | -€553 | -23.8% |
| Recurring financial charges | 65 | €2,274 | €1,765 | -€509 | -22.4% |
| Non-recurring financial charges | 66B | €43 | €0 | -€43 | -100% |
| Profit (loss) for the period before taxes | 9903 | €76,627 | €1,638 | -€74,989 | -97.9% |
| Income taxes | 67/77 | €11,841 | €602 | -€11,239 | -94.9% |
| Profit (loss) for the period | 9904 | €64,786 | €1,037 | -€63,749 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,786 | €1,037 | -€63,749 | -98.4% |
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 15 October 2026 via checked.be.