Nahm Knokke: 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.
Nahm Knokke
Largest movements
- Cash -€10,868
down €10,868 (-51.5%), from €21,095 to €10,227
mainly Net result for the year (-€27,163) and Investment in fixed assets (net) (-€23,972)
- Receivables within one year -€8,090
down €8,090 (-75.5%), from €10,720 to €2,630
of which Trade receivables: -€7,191
- Tangible fixed assets +€6,428
up €6,428 (+11.8%), from €54,368 to €60,796
of which Plant, machinery and equipment: +€9,251
- Stocks and contracts +€5,406
up €5,406 (+15.5%), from €34,950 to €40,356
- Intangible fixed assets -€5,000
down €5,000 (-5.2%), from €95,970 to €90,970
- Profit (loss) carried forward -€27,163
down €27,163 (-44.4%), from -€61,133 to -€88,297
- Debts after one year -€20,279
down €20,279 (-31.9%), from €63,610 to €43,331
- Tax, wage and social debts +€20,169
up €20,169 (+41.7%), from €48,374 to €68,542
of which Remuneration and social security: +€16,246
- Trade debts +€16,378
up €16,378 (+79.1%), from €20,715 to €37,094
- Other debts -€2,750
down €2,750 (-2.2%), from €126,735 to €123,985
- Staff costs +€125,846
up €125,846 (+33.2%), from €379,503 to €505,348
- Gross operating margin +€112,120
up €112,120 (+28.3%), from €395,738 to €507,858
- Depreciation +€5,809
up €5,809 (+34.7%), from €16,736 to €22,544
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 | €220,618 | €207,510 | -€13,109 | -5.9% |
| Fixed assets | 21/28 | €150,338 | €151,766 | +€1,428 | +0.9% |
| Intangible fixed assets | 21 | €95,970 | €90,970 | -€5,000 | -5.2% |
| Tangible fixed assets | 22/27 | €54,368 | €60,796 | +€6,428 | +11.8% |
| Plant, machinery and equipment | 23 | €32,474 | €41,725 | +€9,251 | +28.5% |
| Furniture and vehicles | 24 | €21,894 | €19,071 | -€2,823 | -12.9% |
| Current assets | 29/58 | €70,280 | €55,744 | -€14,537 | -20.7% |
| Stocks and contracts in progress | 3 | €34,950 | €40,356 | +€5,406 | +15.5% |
| Stocks | 30/36 | €34,950 | €40,356 | +€5,406 | +15.5% |
| Amounts receivable within one year | 40/41 | €10,720 | €2,630 | -€8,090 | -75.5% |
| Trade receivables | 40 | €9,333 | €2,142 | -€7,191 | -77.1% |
| Other amounts receivable | 41 | €1,387 | €489 | -€899 | -64.8% |
| Cash at bank and in hand | 54/58 | €21,095 | €10,227 | -€10,868 | -51.5% |
| Deferred charges and accrued income | 490/1 | €3,515 | €2,531 | -€984 | -28.0% |
| Total equity and liabilities | 10/49 | €220,618 | €207,510 | -€13,109 | -5.9% |
| Equity | 10/15 | -€57,133 | -€84,297 | -€27,163 | -47.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,133 | -€88,297 | -€27,163 | -44.4% |
| Amounts payable | 17/49 | €277,752 | €291,806 | +€14,055 | +5.1% |
| Amounts payable after more than one year | 17 | €63,610 | €43,331 | -€20,279 | -31.9% |
| Financial debts | 170/4 | €63,610 | €43,331 | -€20,279 | -31.9% |
| Amounts payable within one year | 42/48 | €214,142 | €248,475 | +€34,333 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €16,466 | €18,854 | +€2,388 | +14.5% |
| Financial debts | 43 | €1,853 | €0 | -€1,853 | -100.0% |
| Credit institutions | 430/8 | €1,853 | €0 | -€1,853 | -100.0% |
| Trade debts | 44 | €20,715 | €37,094 | +€16,378 | +79.1% |
| Suppliers | 440/4 | €20,715 | €37,094 | +€16,378 | +79.1% |
| Taxes, remuneration and social security | 45 | €48,374 | €68,542 | +€20,169 | +41.7% |
| Taxes | 450/3 | €19,957 | €23,880 | +€3,923 | +19.7% |
| Remuneration and social security | 454/9 | €28,417 | €44,662 | +€16,246 | +57.2% |
| Other amounts payable | 47/48 | €126,735 | €123,985 | -€2,750 | -2.2% |
| Remuneration, social security and pensions | 62 | €379,503 | €505,348 | +€125,846 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,736 | €22,544 | +€5,809 | +34.7% |
| Other operating charges | 640/8 | €1,963 | €1,925 | -€38 | -1.9% |
| Gross operating margin | 9900 | €395,738 | €507,858 | +€112,120 | +28.3% |
| Operating profit (loss) | 9901 | -€2,463 | -€21,960 | -€19,496 | -791.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,220 | €5,204 | +€984 | +23.3% |
| Recurring financial charges | 65 | €4,220 | €5,204 | +€984 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,683 | -€27,163 | -€20,480 | -306.4% |
| Profit (loss) for the period | 9904 | -€6,683 | -€27,163 | -€20,480 | -306.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,683 | -€27,163 | -€20,480 | -306.4% |
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 12 October 2026 via checked.be.