KNOTORYUS: 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.
KNOTORYUS
Largest movements
- Tangible fixed assets -€3,348
no longer reported in 2025 (was €3,348)
- Receivables within one year +€867
up €867 (+6.0%), from €14,488 to €15,355
of which Trade receivables: +€4,460
- Financial fixed assets +€758
up €758 (+46.9%), from €1,615 to €2,373
- Deferred charges and accrued income -€463
down €463 (-58.7%), from €789 to €326
- Cash +€240
up €240 (+92.0%), from €261 to €501
mainly Short-term financial debts (+€12,657) and Tax, wage and social debts (+€10,824)
- Profit (loss) carried forward -€25,987
down €25,987 (-55.0%), from -€47,243 to -€73,230
- Short-term financial debts +€12,657
up €12,657 (+101%), from €12,586 to €25,243
- Tax, wage and social debts +€10,824
up €10,824 (+72.6%), from €14,902 to €25,726
of which Taxes: +€11,180
- Other debts +€4,465
up €4,465 (+47.3%), from €9,443 to €13,908
- Current portion of long-term debt -€3,575
no longer reported in 2025 (was €3,575)
- Staff costs -€15,060
down €15,060 (-32.5%), from €46,374 to €31,314
- Gross operating margin -€14,747
down €14,747 (-58.1%), from €25,375 to €10,628
- Depreciation -€5,332
no longer reported in 2025 (was €5,332)
- Financial charges +€1,268
up €1,268 (+34.5%), from €3,681 to €4,950
- Financial income +€539
up €539 (+527%), from €102 to €641
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 | €20,501 | €18,555 | -€1,946 | -9.5% |
| Fixed assets | 21/28 | €4,963 | €2,373 | -€2,590 | -52.2% |
| Tangible fixed assets | 22/27 | €3,348 | - | -€3,348 | |
| Furniture and vehicles | 24 | €3,348 | - | -€3,348 | |
| Financial fixed assets | 28 | €1,615 | €2,373 | +€758 | +46.9% |
| Current assets | 29/58 | €15,537 | €16,182 | +€645 | +4.2% |
| Amounts receivable within one year | 40/41 | €14,488 | €15,355 | +€867 | +6.0% |
| Trade receivables | 40 | €9,934 | €14,394 | +€4,460 | +44.9% |
| Other amounts receivable | 41 | €4,554 | €961 | -€3,593 | -78.9% |
| Cash at bank and in hand | 54/58 | €261 | €501 | +€240 | +92.0% |
| Deferred charges and accrued income | 490/1 | €789 | €326 | -€463 | -58.7% |
| Total equity and liabilities | 10/49 | €20,501 | €18,555 | -€1,946 | -9.5% |
| Equity | 10/15 | -€29,391 | -€55,378 | -€25,987 | -88.4% |
| Contributions | 10/11 | €8,680 | €8,680 | = | 0.0% |
| Reserves | 13 | €9,172 | €9,172 | = | 0.0% |
| Distributable reserves | 133 | €9,172 | €9,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,243 | -€73,230 | -€25,987 | -55.0% |
| Amounts payable | 17/49 | €49,892 | €73,933 | +€24,041 | +48.2% |
| Amounts payable within one year | 42/48 | €48,092 | €72,733 | +€24,641 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €3,575 | - | -€3,575 | |
| Financial debts | 43 | €12,586 | €25,243 | +€12,657 | +101% |
| Credit institutions | 430/8 | €12,586 | €25,243 | +€12,657 | +101% |
| Trade debts | 44 | €7,329 | €7,601 | +€272 | +3.7% |
| Suppliers | 440/4 | €7,329 | €7,601 | +€272 | +3.7% |
| Advances received on contracts in progress | 46 | €255 | €255 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,902 | €25,726 | +€10,824 | +72.6% |
| Taxes | 450/3 | €9,482 | €20,661 | +€11,180 | +118% |
| Remuneration and social security | 454/9 | €5,421 | €5,065 | -€356 | -6.6% |
| Other amounts payable | 47/48 | €9,443 | €13,908 | +€4,465 | +47.3% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,200 | -€600 | -33.3% |
| Non-recurring operating income | 76A | - | €10,678 | +€10,678 | |
| Remuneration, social security and pensions | 62 | €46,374 | €31,314 | -€15,060 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,332 | - | -€5,332 | |
| Other operating charges | 640/8 | €556 | €967 | +€410 | +73.7% |
| Gross operating margin | 9900 | €25,375 | €10,628 | -€14,747 | -58.1% |
| Operating profit (loss) | 9901 | -€26,888 | -€21,653 | +€5,235 | +19.5% |
| Financial income | 75/76B | €102 | €641 | +€539 | +527% |
| Recurring financial income | 75 | €102 | €641 | +€539 | +527% |
| Financial charges | 65/66B | €3,681 | €4,950 | +€1,268 | +34.5% |
| Recurring financial charges | 65 | €3,681 | €4,950 | +€1,268 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,467 | -€25,961 | +€4,506 | +14.8% |
| Income taxes | 67/77 | €285 | €25 | -€260 | -91.1% |
| Profit (loss) for the period | 9904 | -€30,752 | -€25,987 | +€4,766 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,752 | -€25,987 | +€4,766 | +15.5% |
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 24 October 2026 via checked.be.