TOPKNIT: 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.
TOPKNIT
Largest movements
- Stocks and contracts +€53,261
up €53,261 (+35.0%), from €152,049 to €205,309
- Cash -€48,000
down €48,000 (-63.1%), from €76,091 to €28,091
mainly Net result for the year (-€58,334) and Stocks and contracts (-€53,261)
- Receivables within one year -€24,882
down €24,882 (-9.7%), from €255,822 to €230,940
of which Trade receivables: -€14,779
- Tangible fixed assets +€8,074
up €8,074 (+7569.4%), from €107 to €8,181
- Deferred charges and accrued income -€7,219
down €7,219 (-83.5%), from €8,650 to €1,431
- Other debts +€61,916
up €61,916, from €0 to €61,916
- Profit (loss) carried forward -€58,334
down €58,334 (-48.4%), from €120,565 to €62,231
- Trade debts -€22,173
down €22,173 (-81.0%), from €27,378 to €5,205
- Gross operating margin -€42,028
down €42,028 (-401.8%), from -€10,460 to -€52,488
- Other operating charges -€8,322
down €8,322 (-85.3%), from €9,753 to €1,431
- Financial income -€6,297
down €6,297 (-95.7%), from €6,579 to €282
- Depreciation +€4,019
up €4,019 (+2258.4%), from €178 to €4,197
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 | €495,019 | €476,252 | -€18,767 | -3.8% |
| Fixed assets | 21/28 | €2,407 | €10,481 | +€8,074 | +335.5% |
| Tangible fixed assets | 22/27 | €107 | €8,181 | +€8,074 | +7569.4% |
| Plant, machinery and equipment | 23 | €107 | €8,181 | +€8,074 | +7569.4% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €492,612 | €465,771 | -€26,841 | -5.4% |
| Stocks and contracts in progress | 3 | €152,049 | €205,309 | +€53,261 | +35.0% |
| Stocks | 30/36 | €152,049 | €205,309 | +€53,261 | +35.0% |
| Amounts receivable within one year | 40/41 | €255,822 | €230,940 | -€24,882 | -9.7% |
| Trade receivables | 40 | €40,861 | €26,082 | -€14,779 | -36.2% |
| Other amounts receivable | 41 | €214,961 | €204,858 | -€10,103 | -4.7% |
| Cash at bank and in hand | 54/58 | €76,091 | €28,091 | -€48,000 | -63.1% |
| Deferred charges and accrued income | 490/1 | €8,650 | €1,431 | -€7,219 | -83.5% |
| Total equity and liabilities | 10/49 | €495,019 | €476,252 | -€18,767 | -3.8% |
| Equity | 10/15 | €467,351 | €409,016 | -€58,335 | -12.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €146,785 | €146,785 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €29,766 | €29,766 | -€0 | 0.0% |
| Legal reserve | 130 | €29,766 | €29,766 | -€0 | 0.0% |
| Distributable reserves | 133 | €117,019 | €117,019 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €120,565 | €62,231 | -€58,334 | -48.4% |
| Amounts payable | 17/49 | €27,668 | €67,236 | +€39,568 | +143.0% |
| Amounts payable within one year | 42/48 | €27,668 | €67,236 | +€39,568 | +143.0% |
| Trade debts | 44 | €27,378 | €5,205 | -€22,173 | -81.0% |
| Suppliers | 440/4 | €27,378 | €5,205 | -€22,173 | -81.0% |
| Taxes, remuneration and social security | 45 | €290 | €115 | -€175 | -60.3% |
| Taxes | 450/3 | €290 | €115 | -€175 | -60.3% |
| Other amounts payable | 47/48 | €0 | €61,916 | +€61,916 | |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €4,197 | +€4,019 | +2258.4% |
| Other operating charges | 640/8 | €9,753 | €1,431 | -€8,322 | -85.3% |
| Non-recurring operating charges | 66A | €8,739 | - | -€8,739 | |
| Gross operating margin | 9900 | -€10,460 | -€52,488 | -€42,028 | -401.8% |
| Operating profit (loss) | 9901 | -€29,130 | -€58,116 | -€28,986 | -99.5% |
| Financial income | 75/76B | €6,579 | €282 | -€6,297 | -95.7% |
| Recurring financial income | 75 | €6,579 | €282 | -€6,297 | -95.7% |
| Financial charges | 65/66B | €436 | €386 | -€50 | -11.4% |
| Recurring financial charges | 65 | €436 | €386 | -€50 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,986 | -€58,220 | -€35,234 | -153.3% |
| Income taxes | 67/77 | €290 | €114 | -€176 | -60.7% |
| Profit (loss) for the period | 9904 | -€23,276 | -€58,334 | -€35,058 | -150.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,276 | -€58,334 | -€35,058 | -150.6% |
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.