VKNOT: 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.
VKNOT
Largest movements
- Cash +€149,722
up €149,722 (+31.1%), from €481,278 to €631,001
mainly Net result for the year (+€170,959) and Other debts (+€2,026)
- Reserves +€170,959
up €170,959 (+49.7%), from €344,187 to €515,147
- Tax, wage and social debts -€24,203
down €24,203 (-18.5%), from €131,071 to €106,868
- Gross operating margin -€211,642
down €211,642 (-46.4%), from €455,889 to €244,247
- Taxes -€66,661
down €66,661 (-47.2%), from €141,348 to €74,687
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,421 | €631,779 | +€149,358 | +31.0% |
| Fixed assets | 21/28 | €806 | €409 | -€397 | -49.3% |
| Tangible fixed assets | 22/27 | €806 | €409 | -€397 | -49.3% |
| Furniture and vehicles | 24 | €806 | €409 | -€397 | -49.3% |
| Current assets | 29/58 | €481,615 | €631,370 | +€149,755 | +31.1% |
| Amounts receivable within one year | 40/41 | €2 | €3 | +€1 | +25.2% |
| Other amounts receivable | 41 | €2 | €3 | +€1 | +25.2% |
| Cash at bank and in hand | 54/58 | €481,278 | €631,001 | +€149,722 | +31.1% |
| Deferred charges and accrued income | 490/1 | €335 | €367 | +€32 | +9.5% |
| Total equity and liabilities | 10/49 | €482,421 | €631,779 | +€149,358 | +31.0% |
| Equity | 10/15 | €346,687 | €517,647 | +€170,959 | +49.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €344,187 | €515,147 | +€170,959 | +49.7% |
| Distributable reserves | 133 | €344,187 | €515,147 | +€170,959 | +49.7% |
| Amounts payable | 17/49 | €135,734 | €114,133 | -€21,601 | -15.9% |
| Amounts payable within one year | 42/48 | €135,734 | €114,133 | -€21,601 | -15.9% |
| Trade debts | 44 | €126 | €702 | +€576 | +457% |
| Suppliers | 440/4 | €126 | €702 | +€576 | +457% |
| Taxes, remuneration and social security | 45 | €131,071 | €106,868 | -€24,203 | -18.5% |
| Taxes | 450/3 | €131,071 | €106,868 | -€24,203 | -18.5% |
| Other amounts payable | 47/48 | €4,537 | €6,564 | +€2,026 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €397 | +€12 | +3.1% |
| Other operating charges | 640/8 | €568 | €528 | -€41 | -7.1% |
| Gross operating margin | 9900 | €455,889 | €244,247 | -€211,642 | -46.4% |
| Operating profit (loss) | 9901 | €454,936 | €243,322 | -€211,614 | -46.5% |
| Financial income | 75/76B | €519 | €2,366 | +€1,847 | +356% |
| Recurring financial income | 75 | €519 | €2,366 | +€1,847 | +356% |
| Financial charges | 65/66B | €35 | €42 | +€7 | +20.5% |
| Recurring financial charges | 65 | €35 | €42 | +€7 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €455,420 | €245,646 | -€209,774 | -46.1% |
| Income taxes | 67/77 | €141,348 | €74,687 | -€66,661 | -47.2% |
| Profit (loss) for the period | 9904 | €314,072 | €170,959 | -€143,113 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €314,072 | €170,959 | -€143,113 | -45.6% |
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 26 October 2026 via checked.be.