KONN: what changed
Two fiscal 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.
KONN
Largest movements
- Tangible fixed assets +€165,022
up €165,022 (+220.0%), from €74,997 to €240,019
of which Land and buildings: +€176,341
- Cash +€50,527
up €50,527 (+75.0%), from €67,337 to €117,865
mainly Debts after one year (+€122,688) and Net result for the year (+€97,832)
- Receivables within one year -€31,414
down €31,414 (-66.5%), from €47,224 to €15,811
of which Trade receivables: -€22,890
- Current investments +€30,000
up €30,000 (+150.0%), from €20,000 to €50,000
- Debts after one year +€122,688
up €122,688 (+323.3%), from €37,948 to €160,636
- Reserves +€97,832
up €97,832 (+76.6%), from €127,735 to €225,567
- Tax, wage and social debts -€15,040
down €15,040 (-91.5%), from €16,442 to €1,402
of which Taxes: -€15,052
- Current portion of long-term debt +€6,873
up €6,873 (+43.3%), from €15,890 to €22,763
- Gross operating margin +€46,210
up €46,210 (+34.7%), from €133,098 to €179,308
- Taxes +€13,950
up €13,950 (+42.7%), from €32,686 to €46,636
- Other operating charges +€10,560
up €10,560 (+3437.0%), from €307 to €10,867
- Financial charges +€4,162
up €4,162 (+130.7%), from €3,185 to €7,347
- Depreciation +€2,409
up €2,409 (+14.4%), from €16,721 to €19,130
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 | €211,767 | €426,707 | +€214,940 | +101.5% |
| Fixed assets | 21/28 | €74,997 | €240,769 | +€165,772 | +221.0% |
| Tangible fixed assets | 22/27 | €74,997 | €240,019 | +€165,022 | +220.0% |
| Land and buildings | 22 | €14,450 | €190,791 | +€176,341 | +1220.4% |
| Plant, machinery and equipment | 23 | €1,413 | €2,064 | +€650 | +46.0% |
| Furniture and vehicles | 24 | €59,134 | €47,165 | -€11,969 | -20.2% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €136,770 | €185,938 | +€49,168 | +35.9% |
| Amounts receivable within one year | 40/41 | €47,224 | €15,811 | -€31,414 | -66.5% |
| Trade receivables | 40 | €26,481 | €3,590 | -€22,890 | -86.4% |
| Other amounts receivable | 41 | €20,744 | €12,221 | -€8,523 | -41.1% |
| Current investments | 50/53 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Cash at bank and in hand | 54/58 | €67,337 | €117,865 | +€50,527 | +75.0% |
| Deferred charges and accrued income | 490/1 | €2,208 | €2,262 | +€54 | +2.5% |
| Total equity and liabilities | 10/49 | €211,767 | €426,707 | +€214,940 | +101.5% |
| Equity | 10/15 | €132,735 | €230,567 | +€97,832 | +73.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €127,735 | €225,567 | +€97,832 | +76.6% |
| Distributable reserves | 133 | €127,735 | €225,567 | +€97,832 | +76.6% |
| Amounts payable | 17/49 | €79,032 | €196,140 | +€117,108 | +148.2% |
| Amounts payable after more than one year | 17 | €37,948 | €160,636 | +€122,688 | +323.3% |
| Financial debts | 170/4 | €37,948 | €160,636 | +€122,688 | +323.3% |
| Amounts payable within one year | 42/48 | €41,084 | €31,259 | -€9,825 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €15,890 | €22,763 | +€6,873 | +43.3% |
| Trade debts | 44 | €5,578 | €7,094 | +€1,516 | +27.2% |
| Suppliers | 440/4 | €5,578 | €7,094 | +€1,516 | +27.2% |
| Taxes, remuneration and social security | 45 | €16,442 | €1,402 | -€15,040 | -91.5% |
| Taxes | 450/3 | €16,389 | €1,337 | -€15,052 | -91.8% |
| Remuneration and social security | 454/9 | €53 | €66 | +€13 | +23.8% |
| Other amounts payable | 47/48 | €3,175 | €0 | -€3,175 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €4,245 | +€4,245 | |
| Remuneration, social security and pensions | 62 | €3 | €115 | +€112 | +3875.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,721 | €19,130 | +€2,409 | +14.4% |
| Other operating charges | 640/8 | €307 | €10,867 | +€10,560 | +3437.0% |
| Gross operating margin | 9900 | €133,098 | €179,308 | +€46,210 | +34.7% |
| Operating profit (loss) | 9901 | €116,067 | €149,196 | +€33,129 | +28.5% |
| Financial income | 75/76B | €1,231 | €2,619 | +€1,388 | +112.7% |
| Recurring financial income | 75 | €1,231 | €2,619 | +€1,388 | +112.7% |
| Financial charges | 65/66B | €3,185 | €7,347 | +€4,162 | +130.7% |
| Recurring financial charges | 65 | €3,185 | €7,347 | +€4,162 | +130.7% |
| Profit (loss) for the period before taxes | 9903 | €114,114 | €144,468 | +€30,355 | +26.6% |
| Income taxes | 67/77 | €32,686 | €46,636 | +€13,950 | +42.7% |
| Profit (loss) for the period | 9904 | €81,428 | €97,832 | +€16,404 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,428 | €97,832 | +€16,404 | +20.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.