NICO KNOTT: 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.
What changed
NICO KNOTT
NACE 46.349, Wholesale of beverages, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€41,043
2024 · €11,282-€52,325
Equity
€314,157
2024 · €355,614-€41,457
Cash
€11,472
2024 · €16,952-€5,480
Balance sheet total
€1.5m
2024 · €1.6m-€41,873
Largest movements
Assets
- Stocks and contracts -€79,518
down €79,518 (-5.6%), from €1.4m to €1.3m
- Receivables within one year +€45,568
up €45,568 (+81.3%), from €56,076 to €101,644
of which Trade receivables: +€41,095
Equity and liabilities
- Debts after one year -€51,614
down €51,614 (-5.0%), from €1.0m to €970,879
of which Financial debts: -€31,614
- Reserves -€41,043
down €41,043 (-14.4%), from €284,650 to €243,607
of which Distributable reserves: -€41,043
- Short-term financial debts +€18,000
up €18,000 (+29.0%), from €62,000 to €80,000
Income statement
- Gross operating margin -€61,403
down €61,403 (-39.4%), from €155,950 to €94,547
- Other operating charges +€28,699
up €28,699 (+421%), from €6,819 to €35,518
- Staff costs -€23,476
down €23,476 (-25.6%), from €91,842 to €68,366
- Taxes -€10,955
down €10,955 (-100%), from €10,955 to €0
- Financial charges -€3,519
down €3,519 (-28.9%), from €12,195 to €8,676
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.
Result 2024
€11,282
Gross operating margin
-€61,403
Staff costs
+€23,476
Depreciation
-€2,823
Write-downs
+€2,151
Other operating charges
-€28,699
Financial income
+€326
Financial charges
+€3,519
Taxes
+€10,955
Deferred taxes and other
+€173
Result 2025
-€41,043
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€47,867
Investment
-€20,791
Financing
-€32,555
Cash 2024
€16,952
From operations (derived)
+€47,867
Net result for the year
-€41,043
Depreciation
+€18,389
Stocks and contracts
+€79,518
Receivables within one year
-€45,568
Deferred charges and accrued income
+€4,846
Provisions
-€173
Trade debts
+€9,035
Tax, wage and social debts
+€9,981
Other debts
+€13,584
Accrued charges and deferred income
-€701
Investment (derived)
-€20,791
Investment in fixed assets (net)
-€20,791
Financing
-€32,555
Debts after one year
-€51,614
Current portion of long-term debt
+€1,473
Short-term financial debts
+€18,000
Contributions, distributions and other
-€414
Cash 2025
€11,472
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,569,716 | €1,527,843 | -€41,873 | -2.7% |
| Fixed assets | 21/28 | €65,902 | €68,304 | +€2,402 | +3.6% |
| Intangible fixed assets | 21 | - | €6,609 | +€6,609 | |
| Tangible fixed assets | 22/27 | €65,402 | €61,195 | -€4,207 | -6.4% |
| Land and buildings | 22 | €44,350 | €34,329 | -€10,022 | -22.6% |
| Plant, machinery and equipment | 23 | €15,875 | €12,251 | -€3,624 | -22.8% |
| Furniture and vehicles | 24 | €5,176 | €14,615 | +€9,439 | +182% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,503,814 | €1,459,539 | -€44,275 | -2.9% |
| Stocks and contracts in progress | 3 | €1,421,789 | €1,342,271 | -€79,518 | -5.6% |
| Stocks | 30/36 | €1,421,789 | €1,342,271 | -€79,518 | -5.6% |
| Amounts receivable within one year | 40/41 | €56,076 | €101,644 | +€45,568 | +81.3% |
| Trade receivables | 40 | €56,052 | €97,146 | +€41,095 | +73.3% |
| Other amounts receivable | 41 | €24 | €4,498 | +€4,473 | +18,340% |
| Cash at bank and in hand | 54/58 | €16,952 | €11,472 | -€5,480 | -32.3% |
| Deferred charges and accrued income | 490/1 | €8,998 | €4,152 | -€4,846 | -53.9% |
| Total equity and liabilities | 10/49 | €1,569,716 | €1,527,843 | -€41,873 | -2.7% |
| Equity | 10/15 | €355,614 | €314,157 | -€41,457 | -11.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €284,650 | €243,607 | -€41,043 | -14.4% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,712 | €25,712 | = | 0.0% |
| Distributable reserves | 133 | €251,938 | €210,895 | -€41,043 | -16.3% |
| Investment grants | 15 | €964 | €551 | -€414 | -42.9% |
| Provisions and deferred taxes | 16 | €416 | €243 | -€173 | -41.7% |
| Deferred taxes | 168 | €416 | €243 | -€173 | -41.7% |
| Amounts payable | 17/49 | €1,213,686 | €1,213,443 | -€243 | 0.0% |
| Amounts payable after more than one year | 17 | €1,022,492 | €970,879 | -€51,614 | -5.0% |
| Financial debts | 170/4 | €42,492 | €10,879 | -€31,614 | -74.4% |
| Other amounts payable | 178/9 | €980,000 | €960,000 | -€20,000 | -2.0% |
| Amounts payable within one year | 42/48 | €189,652 | €241,724 | +€52,072 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €49,668 | €51,141 | +€1,473 | +3.0% |
| Financial debts | 43 | €62,000 | €80,000 | +€18,000 | +29.0% |
| Credit institutions | 430/8 | €62,000 | €80,000 | +€18,000 | +29.0% |
| Trade debts | 44 | €44,463 | €53,497 | +€9,035 | +20.3% |
| Suppliers | 440/4 | €44,463 | €53,497 | +€9,035 | +20.3% |
| Taxes, remuneration and social security | 45 | €29,572 | €39,553 | +€9,981 | +33.7% |
| Taxes | 450/3 | €20,410 | €27,121 | +€6,711 | +32.9% |
| Remuneration and social security | 454/9 | €9,162 | €12,432 | +€3,270 | +35.7% |
| Other amounts payable | 47/48 | €3,949 | €17,533 | +€13,584 | +344% |
| Accrued charges and deferred income | 492/3 | €1,542 | €840 | -€701 | -45.5% |
| Remuneration, social security and pensions | 62 | €91,842 | €68,366 | -€23,476 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,566 | €18,389 | +€2,823 | +18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,904 | €5,753 | -€2,151 | -27.2% |
| Other operating charges | 640/8 | €6,819 | €35,518 | +€28,699 | +421% |
| Gross operating margin | 9900 | €155,950 | €94,547 | -€61,403 | -39.4% |
| Operating profit (loss) | 9901 | €33,819 | -€33,480 | -€67,298 | |
| Financial income | 75/76B | €613 | €939 | +€326 | +53.2% |
| Recurring financial income | 75 | €613 | €939 | +€326 | +53.2% |
| Financial charges | 65/66B | €12,195 | €8,676 | -€3,519 | -28.9% |
| Recurring financial charges | 65 | €12,195 | €8,676 | -€3,519 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €22,237 | -€41,216 | -€63,453 | |
| Transfer from deferred taxes | 780 | €0 | €173 | +€173 | |
| Income taxes | 67/77 | €10,955 | €0 | -€10,955 | -100% |
| Profit (loss) for the period | 9904 | €11,282 | -€41,043 | -€52,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,282 | -€41,043 | -€52,325 |
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 14 October 2026 via checked.be.