CLAESEN & KNOOPS: 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.
CLAESEN & KNOOPS
Largest movements
- Current investments +€280,000
up €280,000 (+233%), from €120,000 to €400,000
- Cash +€54,821
up €54,821 (+70.5%), from €77,775 to €132,596
mainly Net result for the year (+€296,877) and Tax, wage and social debts (+€20,635)
- Receivables within one year -€10,847
down €10,847 (-44.9%), from €24,132 to €13,285
of which Other amounts receivable: -€10,113
- Tangible fixed assets -€6,535
no longer reported in 2025 (was €6,535)
of which Land and buildings: -€3,609
- Reserves +€296,877
up €296,877 (+143%), from €207,271 to €504,149
- Tax, wage and social debts +€20,635
up €20,635 (+326%), from €6,334 to €26,969
- Gross operating margin +€387,413
up €387,413 (+836%), from €46,356 to €433,769
- Taxes +€123,357
up €123,357 (+803%), from €15,370 to €138,727
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 | €229,673 | €546,804 | +€317,131 | +138% |
| Fixed assets | 21/28 | €6,535 | - | -€6,535 | |
| Tangible fixed assets | 22/27 | €6,535 | - | -€6,535 | |
| Land and buildings | 22 | €3,609 | - | -€3,609 | |
| Furniture and vehicles | 24 | €2,925 | - | -€2,925 | |
| Current assets | 29/58 | €223,139 | €546,804 | +€323,665 | +145% |
| Amounts receivable within one year | 40/41 | €24,132 | €13,285 | -€10,847 | -44.9% |
| Trade receivables | 40 | €734 | - | -€734 | |
| Other amounts receivable | 41 | €23,398 | €13,285 | -€10,113 | -43.2% |
| Current investments | 50/53 | €120,000 | €400,000 | +€280,000 | +233% |
| Cash at bank and in hand | 54/58 | €77,775 | €132,596 | +€54,821 | +70.5% |
| Deferred charges and accrued income | 490/1 | €1,232 | €924 | -€308 | -25.0% |
| Total equity and liabilities | 10/49 | €229,673 | €546,804 | +€317,131 | +138% |
| Equity | 10/15 | €222,271 | €519,149 | +€296,877 | +134% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €207,271 | €504,149 | +€296,877 | +143% |
| Distributable reserves | 133 | €207,271 | €504,149 | +€296,877 | +143% |
| Amounts payable | 17/49 | €7,402 | €27,655 | +€20,253 | +274% |
| Amounts payable within one year | 42/48 | €7,402 | €27,655 | +€20,253 | +274% |
| Trade debts | 44 | €1,068 | €200 | -€868 | -81.3% |
| Suppliers | 440/4 | €1,068 | €200 | -€868 | -81.3% |
| Taxes, remuneration and social security | 45 | €6,334 | €26,969 | +€20,635 | +326% |
| Taxes | 450/3 | €6,334 | €26,969 | +€20,635 | +326% |
| Other amounts payable | 47/48 | - | €487 | +€487 | |
| Non-recurring operating income | 76A | - | €373,465 | +€373,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,479 | - | -€1,479 | |
| Other operating charges | 640/8 | €449 | €887 | +€437 | +97.3% |
| Gross operating margin | 9900 | €46,356 | €433,769 | +€387,413 | +836% |
| Operating profit (loss) | 9901 | €44,427 | €432,882 | +€388,455 | +874% |
| Financial income | 75/76B | €2,674 | €2,861 | +€187 | +7.0% |
| Recurring financial income | 75 | €2,674 | €2,861 | +€187 | +7.0% |
| Financial charges | 65/66B | €90 | €138 | +€49 | +54.0% |
| Recurring financial charges | 65 | €90 | €138 | +€49 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | €47,011 | €435,605 | +€388,593 | +827% |
| Income taxes | 67/77 | €15,370 | €138,727 | +€123,357 | +803% |
| Profit (loss) for the period | 9904 | €31,641 | €296,877 | +€265,236 | +838% |
| Profit (loss) for the period to be appropriated | 9905 | €31,641 | €296,877 | +€265,236 | +838% |
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 29 October 2026 via checked.be.