CAROLINE KNUYSEN: 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.
CAROLINE KNUYSEN
Largest movements
- Cash +€37,862
up €37,862 (+42.8%), from €88,423 to €126,285
mainly Net result for the year (+€35,031) and Other debts (+€12,238)
- Tangible fixed assets -€5,528
down €5,528 (-44.5%), from €12,434 to €6,906
of which Furniture and vehicles: -€4,560
- Deferred charges and accrued income -€3,271
down €3,271 (-27.4%), from €11,932 to €8,661
- Reserves +€17,384
up €17,384 (+19.7%), from €88,311 to €105,695
- Other debts +€12,238
up €12,238 (+156%), from €7,847 to €20,086
- Gross operating margin -€4,464
down €4,464 (-7.6%), from €59,067 to €54,603
- Taxes +€2,085
up €2,085 (+18.5%), from €11,296 to €13,381
- Depreciation -€803
down €803 (-12.7%), from €6,331 to €5,528
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 | €112,789 | €142,471 | +€29,682 | +26.3% |
| Fixed assets | 21/28 | €12,434 | €6,906 | -€5,528 | -44.5% |
| Tangible fixed assets | 22/27 | €12,434 | €6,906 | -€5,528 | -44.5% |
| Plant, machinery and equipment | 23 | €546 | €356 | -€190 | -34.8% |
| Furniture and vehicles | 24 | €4,560 | €0 | -€4,560 | -100% |
| Other tangible fixed assets | 26 | €7,329 | €6,551 | -€778 | -10.6% |
| Current assets | 29/58 | €100,355 | €135,565 | +€35,210 | +35.1% |
| Amounts receivable within one year | 40/41 | - | €619 | +€619 | |
| Other amounts receivable | 41 | - | €619 | +€619 | |
| Cash at bank and in hand | 54/58 | €88,423 | €126,285 | +€37,862 | +42.8% |
| Deferred charges and accrued income | 490/1 | €11,932 | €8,661 | -€3,271 | -27.4% |
| Total equity and liabilities | 10/49 | €112,789 | €142,471 | +€29,682 | +26.3% |
| Equity | 10/15 | €93,311 | €110,695 | +€17,384 | +18.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €88,311 | €105,695 | +€17,384 | +19.7% |
| Distributable reserves | 133 | €88,311 | €105,695 | +€17,384 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,478 | €31,776 | +€12,298 | +63.1% |
| Amounts payable within one year | 42/48 | €19,478 | €31,776 | +€12,298 | +63.1% |
| Trade debts | 44 | €335 | €144 | -€190 | -56.9% |
| Suppliers | 440/4 | €335 | €144 | -€190 | -56.9% |
| Taxes, remuneration and social security | 45 | €11,296 | €11,546 | +€250 | +2.2% |
| Taxes | 450/3 | €11,296 | €11,546 | +€250 | +2.2% |
| Other amounts payable | 47/48 | €7,847 | €20,086 | +€12,238 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,331 | €5,528 | -€803 | -12.7% |
| Other operating charges | 640/8 | €449 | €524 | +€74 | +16.6% |
| Gross operating margin | 9900 | €59,067 | €54,603 | -€4,464 | -7.6% |
| Operating profit (loss) | 9901 | €52,286 | €48,551 | -€3,735 | -7.1% |
| Financial charges | 65/66B | €44 | €139 | +€95 | +219% |
| Recurring financial charges | 65 | €44 | €139 | +€95 | +219% |
| Profit (loss) for the period before taxes | 9903 | €52,243 | €48,412 | -€3,831 | -7.3% |
| Income taxes | 67/77 | €11,296 | €13,381 | +€2,085 | +18.5% |
| Profit (loss) for the period | 9904 | €40,947 | €35,031 | -€5,916 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,947 | €35,031 | -€5,916 | -14.4% |
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.