André-Knuets: 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.
André-Knuets
Largest movements
- Receivables within one year -€34,519
down €34,519 (-66.3%), from €52,089 to €17,570
of which Trade receivables: -€34,524
- Tangible fixed assets -€12,061
down €12,061 (-4.8%), from €252,373 to €240,311
of which Land and buildings: -€11,655
- Cash +€7,961
up €7,961 (+14.4%), from €55,150 to €63,111
mainly Receivables within one year (+€34,519) and Net result for the year (+€24,634)
- Trade debts -€36,430
down €36,430 (-67.2%), from €54,190 to €17,760
- Debts after one year -€12,137
down €12,137 (-5.7%), from €211,266 to €199,129
- Tax, wage and social debts +€12,045
up €12,045 (+64.3%), from €18,720 to €30,764
of which Taxes: +€13,836
- Other debts -€8,844
down €8,844 (-34.8%), from €25,402 to €16,558
- Reserves +€6,000
up €6,000 (+20.7%), from €29,000 to €35,000
- Depreciation -€20,451
down €20,451 (-62.9%), from €32,512 to €12,061
- Write-downs +€16,647
new in 2025: €16,647
- Gross operating margin +€12,145
up €12,145 (+16.1%), from €75,547 to €87,692
- Other operating charges +€9,312
up €9,312 (+309%), from €3,009 to €12,321
- Financial charges +€7,278
up €7,278 (+174%), from €4,187 to €11,466
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 | €360,293 | €322,392 | -€37,901 | -10.5% |
| Fixed assets | 21/28 | €252,373 | €240,311 | -€12,061 | -4.8% |
| Tangible fixed assets | 22/27 | €252,373 | €240,311 | -€12,061 | -4.8% |
| Land and buildings | 22 | €251,823 | €240,168 | -€11,655 | -4.6% |
| Furniture and vehicles | 24 | €550 | €144 | -€406 | -73.9% |
| Current assets | 29/58 | €107,920 | €82,081 | -€25,839 | -23.9% |
| Amounts receivable within one year | 40/41 | €52,089 | €17,570 | -€34,519 | -66.3% |
| Trade receivables | 40 | €52,089 | €17,565 | -€34,524 | -66.3% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €55,150 | €63,111 | +€7,961 | +14.4% |
| Deferred charges and accrued income | 490/1 | €681 | €1,400 | +€718 | +105% |
| Total equity and liabilities | 10/49 | €360,293 | €322,392 | -€37,901 | -10.5% |
| Equity | 10/15 | €39,145 | €45,779 | +€6,634 | +16.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €35,000 | +€6,000 | +20.7% |
| Distributable reserves | 133 | €29,000 | €35,000 | +€6,000 | +20.7% |
| Profit (loss) carried forward | 14 | €145 | €779 | +€634 | +438% |
| Amounts payable | 17/49 | €321,148 | €276,614 | -€44,535 | -13.9% |
| Amounts payable after more than one year | 17 | €211,266 | €199,129 | -€12,137 | -5.7% |
| Financial debts | 170/4 | €211,266 | €199,129 | -€12,137 | -5.7% |
| Amounts payable within one year | 42/48 | €109,859 | €77,166 | -€32,693 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €11,548 | €12,083 | +€536 | +4.6% |
| Trade debts | 44 | €54,190 | €17,760 | -€36,430 | -67.2% |
| Suppliers | 440/4 | €54,190 | €17,760 | -€36,430 | -67.2% |
| Taxes, remuneration and social security | 45 | €18,720 | €30,764 | +€12,045 | +64.3% |
| Taxes | 450/3 | €16,928 | €30,764 | +€13,836 | +81.7% |
| Remuneration and social security | 454/9 | €1,792 | - | -€1,792 | |
| Other amounts payable | 47/48 | €25,402 | €16,558 | -€8,844 | -34.8% |
| Accrued charges and deferred income | 492/3 | €23 | €319 | +€296 | +1,290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,512 | €12,061 | -€20,451 | -62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,647 | +€16,647 | |
| Other operating charges | 640/8 | €3,009 | €12,321 | +€9,312 | +309% |
| Gross operating margin | 9900 | €75,547 | €87,692 | +€12,145 | +16.1% |
| Operating profit (loss) | 9901 | €40,026 | €46,663 | +€6,637 | +16.6% |
| Financial income | 75/76B | €5 | €129 | +€124 | +2,280% |
| Recurring financial income | 75 | €5 | €129 | +€124 | +2,280% |
| Financial charges | 65/66B | €4,187 | €11,466 | +€7,278 | +174% |
| Recurring financial charges | 65 | €4,187 | €11,466 | +€7,278 | +174% |
| Profit (loss) for the period before taxes | 9903 | €35,845 | €35,327 | -€518 | -1.4% |
| Income taxes | 67/77 | €7,000 | €10,692 | +€3,692 | +52.7% |
| Profit (loss) for the period | 9904 | €28,844 | €24,634 | -€4,210 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,844 | €24,634 | -€4,210 | -14.6% |
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 13 October 2026 via checked.be.