CHANTAL KNIPPENBERG: 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.
CHANTAL KNIPPENBERG
Largest movements
- Current investments +€80,000
up €80,000 (+20.0%), from €400,000 to €480,000
- Cash -€61,043
down €61,043 (-17.4%), from €350,426 to €289,383
mainly Contributions, distributions and other (-€129,000) and Current investments (-€80,000)
- Reserves +€16,261
up €16,261 (+1.7%), from €955,942 to €972,203
- Staff costs +€33,957
up €33,957 (+16.4%), from €206,755 to €240,713
- Gross operating margin -€17,186
down €17,186 (-3.7%), from €470,818 to €453,632
- Taxes -€16,688
down €16,688 (-20.0%), from €83,415 to €66,727
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 | €1,017,344 | €1,036,282 | +€18,939 | +1.9% |
| Fixed assets | 21/28 | €209,518 | €199,928 | -€9,589 | -4.6% |
| Tangible fixed assets | 22/27 | €14,527 | €9,937 | -€4,589 | -31.6% |
| Land and buildings | 22 | €4,675 | €3,859 | -€816 | -17.5% |
| Plant, machinery and equipment | 23 | €424 | - | -€424 | |
| Furniture and vehicles | 24 | €9,427 | €6,079 | -€3,349 | -35.5% |
| Financial fixed assets | 28 | €194,991 | €189,991 | -€5,000 | -2.6% |
| Current assets | 29/58 | €807,826 | €836,354 | +€28,528 | +3.5% |
| Amounts receivable within one year | 40/41 | €50,998 | €60,098 | +€9,100 | +17.8% |
| Trade receivables | 40 | €50,998 | €46,566 | -€4,432 | -8.7% |
| Other amounts receivable | 41 | - | €13,532 | +€13,532 | |
| Current investments | 50/53 | €400,000 | €480,000 | +€80,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €350,426 | €289,383 | -€61,043 | -17.4% |
| Deferred charges and accrued income | 490/1 | €6,402 | €6,872 | +€471 | +7.4% |
| Total equity and liabilities | 10/49 | €1,017,344 | €1,036,282 | +€18,939 | +1.9% |
| Equity | 10/15 | €974,542 | €990,803 | +€16,261 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €955,942 | €972,203 | +€16,261 | +1.7% |
| Distributable reserves | 133 | €955,942 | €972,203 | +€16,261 | +1.7% |
| Amounts payable | 17/49 | €42,802 | €45,479 | +€2,677 | +6.3% |
| Amounts payable within one year | 42/48 | €42,571 | €45,479 | +€2,908 | +6.8% |
| Trade debts | 44 | €13,469 | €21,456 | +€7,987 | +59.3% |
| Suppliers | 440/4 | €13,469 | €21,456 | +€7,987 | +59.3% |
| Taxes, remuneration and social security | 45 | €28,151 | €24,023 | -€4,127 | -14.7% |
| Taxes | 450/3 | €3,415 | €0 | -€3,415 | -100.0% |
| Remuneration and social security | 454/9 | €24,736 | €24,023 | -€712 | -2.9% |
| Other amounts payable | 47/48 | €951 | - | -€951 | |
| Accrued charges and deferred income | 492/3 | €231 | - | -€231 | |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €206,755 | €240,713 | +€33,957 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,020 | €4,589 | +€570 | +14.2% |
| Other operating charges | 640/8 | €2,320 | €2,255 | -€66 | -2.8% |
| Gross operating margin | 9900 | €470,818 | €453,632 | -€17,186 | -3.7% |
| Operating profit (loss) | 9901 | €257,722 | €206,075 | -€51,647 | -20.0% |
| Financial income | 75/76B | €8,117 | €6,330 | -€1,788 | -22.0% |
| Recurring financial income | 75 | €8,117 | €6,330 | -€1,788 | -22.0% |
| Financial charges | 65/66B | €214 | €417 | +€203 | +95.0% |
| Recurring financial charges | 65 | €214 | €417 | +€203 | +95.0% |
| Profit (loss) for the period before taxes | 9903 | €265,626 | €211,988 | -€53,638 | -20.2% |
| Income taxes | 67/77 | €83,415 | €66,727 | -€16,688 | -20.0% |
| Profit (loss) for the period | 9904 | €182,211 | €145,261 | -€36,950 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €182,211 | €145,261 | -€36,950 | -20.3% |
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 31 October 2026 via checked.be.