LN KNITS: 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.
LN KNITS
Largest movements
- Stocks and contracts +€45,653
up €45,653 (+58.6%), from €77,864 to €123,518
- Tangible fixed assets +€36,291
up €36,291 (+341%), from €10,640 to €46,931
of which Other tangible fixed assets: +€34,916
- Cash -€33,975
down €33,975 (-17.2%), from €197,698 to €163,724
mainly Investment in fixed assets (net) (-€51,354) and Stocks and contracts (-€45,653)
- Receivables within one year +€24,982
up €24,982 (+56.3%), from €44,375 to €69,356
of which Trade receivables: +€41,261
- Deferred charges and accrued income -€24,479
down €24,479 (-57.0%), from €42,958 to €18,478
- Profit (loss) carried forward +€68,069
up €68,069 (+59.3%), from -€114,738 to -€46,670
- Trade debts -€41,948
down €41,948 (-51.7%), from €81,105 to €39,157
- Advances received +€36,748
new in 2024: €36,748
- Other debts -€24,017
down €24,017 (-64.7%), from €37,121 to €13,104
- Tax, wage and social debts +€10,098
up €10,098 (+56.4%), from €17,907 to €28,006
of which Taxes: +€8,787
- Gross operating margin +€194,059
up €194,059, from -€23,047 to €171,012
- Staff costs +€18,390
up €18,390 (+25.9%), from €71,126 to €89,517
- Taxes -€5,342
down €5,342 (-96.2%), from €5,552 to €210
- Other operating charges -€2,410
down €2,410 (-84.3%), from €2,858 to €447
- Depreciation -€1,957
down €1,957 (-16.0%), from €12,212 to €10,255
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,761 | €442,041 | +€53,280 | +13.7% |
| Fixed assets | 21/28 | €25,866 | €66,965 | +€41,100 | +159% |
| Intangible fixed assets | 21 | €11,601 | €16,285 | +€4,684 | +40.4% |
| Tangible fixed assets | 22/27 | €10,640 | €46,931 | +€36,291 | +341% |
| Plant, machinery and equipment | 23 | €6,110 | €4,069 | -€2,041 | -33.4% |
| Furniture and vehicles | 24 | - | €3,416 | +€3,416 | |
| Other tangible fixed assets | 26 | €4,529 | €39,445 | +€34,916 | +771% |
| Financial fixed assets | 28 | €3,625 | €3,750 | +€125 | +3.4% |
| Current assets | 29/58 | €362,896 | €375,076 | +€12,181 | +3.4% |
| Stocks and contracts in progress | 3 | €77,864 | €123,518 | +€45,653 | +58.6% |
| Stocks | 30/36 | €77,864 | €123,518 | +€45,653 | +58.6% |
| Amounts receivable within one year | 40/41 | €44,375 | €69,356 | +€24,982 | +56.3% |
| Trade receivables | 40 | - | €41,261 | +€41,261 | |
| Other amounts receivable | 41 | €44,375 | €28,095 | -€16,280 | -36.7% |
| Cash at bank and in hand | 54/58 | €197,698 | €163,724 | -€33,975 | -17.2% |
| Deferred charges and accrued income | 490/1 | €42,958 | €18,478 | -€24,479 | -57.0% |
| Total equity and liabilities | 10/49 | €388,761 | €442,041 | +€53,280 | +13.7% |
| Equity | 10/15 | €241,088 | €309,157 | +€68,069 | +28.2% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €270,826 | €270,826 | = | 0.0% |
| Distributable reserves | 133 | €270,826 | €270,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,738 | -€46,670 | +€68,069 | +59.3% |
| Amounts payable | 17/49 | €147,673 | €132,885 | -€14,788 | -10.0% |
| Amounts payable within one year | 42/48 | €136,716 | €120,347 | -€16,368 | -12.0% |
| Financial debts | 43 | €582 | €3,332 | +€2,750 | +472% |
| Credit institutions | 430/8 | €582 | €3,332 | +€2,750 | +472% |
| Trade debts | 44 | €81,105 | €39,157 | -€41,948 | -51.7% |
| Suppliers | 440/4 | €81,105 | €39,157 | -€41,948 | -51.7% |
| Advances received on contracts in progress | 46 | - | €36,748 | +€36,748 | |
| Taxes, remuneration and social security | 45 | €17,907 | €28,006 | +€10,098 | +56.4% |
| Taxes | 450/3 | €6,858 | €15,644 | +€8,787 | +128% |
| Remuneration and social security | 454/9 | €11,050 | €12,361 | +€1,312 | +11.9% |
| Other amounts payable | 47/48 | €37,121 | €13,104 | -€24,017 | -64.7% |
| Accrued charges and deferred income | 492/3 | €10,958 | €12,538 | +€1,580 | +14.4% |
| Non-recurring operating income | 76A | €12,683 | - | -€12,683 | |
| Remuneration, social security and pensions | 62 | €71,126 | €89,517 | +€18,390 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,212 | €10,255 | -€1,957 | -16.0% |
| Other operating charges | 640/8 | €2,858 | €447 | -€2,410 | -84.3% |
| Gross operating margin | 9900 | -€23,047 | €171,012 | +€194,059 | |
| Operating profit (loss) | 9901 | -€109,243 | €70,793 | +€180,037 | |
| Financial income | 75/76B | €1,324 | €669 | -€655 | -49.5% |
| Recurring financial income | 75 | €1,324 | €669 | -€655 | -49.5% |
| Financial charges | 65/66B | €3,724 | €2,325 | -€1,399 | -37.6% |
| Recurring financial charges | 65 | €3,724 | €2,325 | -€1,399 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | -€111,643 | €69,138 | +€180,781 | |
| Income taxes | 67/77 | €5,552 | €210 | -€5,342 | -96.2% |
| Profit (loss) for the period | 9904 | -€117,196 | €68,928 | +€186,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€117,196 | €68,928 | +€186,123 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.