KNY Works: 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 Works
Largest movements
- Stocks and contracts +€30,000
up €30,000 (+299%), from €10,050 to €40,050
of which Contracts in progress: +€20,000
- Cash -€15,285
down €15,285 (-32.7%), from €46,724 to €31,439
mainly Stocks and contracts (-€30,000) and Other debts (-€8,507)
- Receivables within one year +€5,864
up €5,864 (+120%), from €4,901 to €10,766
of which Other amounts receivable: +€8,569
- Profit (loss) carried forward +€29,621
up €29,621 (+57.3%), from €51,688 to €81,309
- Other debts -€8,507
no longer reported in 2025 (was €8,507)
- Gross operating margin -€37,434
down €37,434 (-48.7%), from €76,826 to €39,392
- Depreciation -€9,060
down €9,060 (-93.4%), from €9,703 to €643
- Taxes -€5,866
down €5,866 (-41.3%), from €14,187 to €8,322
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 | €75,913 | €96,113 | +€20,200 | +26.6% |
| Fixed assets | 21/28 | €14,237 | €13,594 | -€643 | -4.5% |
| Tangible fixed assets | 22/27 | €14,237 | €13,594 | -€643 | -4.5% |
| Furniture and vehicles | 24 | €14,237 | €13,594 | -€643 | -4.5% |
| Current assets | 29/58 | €61,676 | €82,519 | +€20,844 | +33.8% |
| Stocks and contracts in progress | 3 | €10,050 | €40,050 | +€30,000 | +299% |
| Stocks | 30/36 | €2,550 | €12,550 | +€10,000 | +392% |
| Contracts in progress | 37 | €7,500 | €27,500 | +€20,000 | +267% |
| Amounts receivable within one year | 40/41 | €4,901 | €10,766 | +€5,864 | +120% |
| Trade receivables | 40 | €2,705 | - | -€2,705 | |
| Other amounts receivable | 41 | €2,196 | €10,766 | +€8,569 | +390% |
| Cash at bank and in hand | 54/58 | €46,724 | €31,439 | -€15,285 | -32.7% |
| Deferred charges and accrued income | 490/1 | - | €264 | +€264 | |
| Total equity and liabilities | 10/49 | €75,913 | €96,113 | +€20,200 | +26.6% |
| Equity | 10/15 | €53,688 | €83,309 | +€29,621 | +55.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,688 | €81,309 | +€29,621 | +57.3% |
| Amounts payable | 17/49 | €22,225 | €12,804 | -€9,421 | -42.4% |
| Amounts payable within one year | 42/48 | €22,225 | €12,804 | -€9,421 | -42.4% |
| Trade debts | 44 | €8,531 | €7,616 | -€915 | -10.7% |
| Suppliers | 440/4 | €8,531 | €7,616 | -€915 | -10.7% |
| Taxes, remuneration and social security | 45 | €5,187 | €5,187 | = | 0.0% |
| Taxes | 450/3 | €5,187 | €5,187 | = | 0.0% |
| Other amounts payable | 47/48 | €8,507 | - | -€8,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,703 | €643 | -€9,060 | -93.4% |
| Other operating charges | 640/8 | €1,363 | €651 | -€712 | -52.2% |
| Gross operating margin | 9900 | €76,826 | €39,392 | -€37,434 | -48.7% |
| Operating profit (loss) | 9901 | €65,760 | €38,098 | -€27,663 | -42.1% |
| Financial income | 75/76B | €205 | €0 | -€205 | -99.9% |
| Recurring financial income | 75 | €205 | €0 | -€205 | -99.9% |
| Financial charges | 65/66B | €90 | €155 | +€64 | +71.5% |
| Recurring financial charges | 65 | €90 | €155 | +€64 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €65,875 | €37,943 | -€27,932 | -42.4% |
| Income taxes | 67/77 | €14,187 | €8,322 | -€5,866 | -41.3% |
| Profit (loss) for the period | 9904 | €51,688 | €29,621 | -€22,066 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,688 | €29,621 | -€22,066 | -42.7% |
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 19 October 2026 via checked.be.