Cnockaert: 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.
Cnockaert
Largest movements
- Cash +€29,565
up €29,565 (+713%), from €4,148 to €33,713
mainly Other debts (+€41,573) and Debts after one year (+€22,462)
- Receivables within one year -€5,478
down €5,478 (-33.3%), from €16,472 to €10,994
of which Trade receivables: -€7,451
- Other debts +€41,573
up €41,573 (+33.4%), from €124,553 to €166,127
- Reserves -€30,875
down €30,875 (-20.8%), from €148,564 to €117,689
- Debts after one year +€22,462
up €22,462 (+249%), from €9,036 to €31,498
- Gross operating margin -€68,617
down €68,617 (-61.0%), from €112,419 to €43,802
- Taxes -€20,694
down €20,694 (-91.6%), from €22,604 to €1,909
- Financial charges -€11,651
down €11,651 (-86.7%), from €13,443 to €1,792
- Other operating charges -€11,302
down €11,302 (-92.7%), from €12,188 to €886
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,853 | €348,469 | +€27,617 | +8.6% |
| Fixed assets | 21/28 | €55,233 | €58,563 | +€3,330 | +6.0% |
| Tangible fixed assets | 22/27 | €55,233 | €58,563 | +€3,330 | +6.0% |
| Land and buildings | 22 | €1,270 | €1,121 | -€149 | -11.7% |
| Plant, machinery and equipment | 23 | €2,426 | €1,721 | -€705 | -29.0% |
| Furniture and vehicles | 24 | €51,537 | €55,720 | +€4,183 | +8.1% |
| Current assets | 29/58 | €265,620 | €289,907 | +€24,287 | +9.1% |
| Stocks and contracts in progress | 3 | €245,000 | €245,000 | = | 0.0% |
| Stocks | 30/36 | €245,000 | €245,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,472 | €10,994 | -€5,478 | -33.3% |
| Trade receivables | 40 | €9,106 | €1,655 | -€7,451 | -81.8% |
| Other amounts receivable | 41 | €7,366 | €9,339 | +€1,973 | +26.8% |
| Cash at bank and in hand | 54/58 | €4,148 | €33,713 | +€29,565 | +713% |
| Deferred charges and accrued income | 490/1 | - | €200 | +€200 | |
| Total equity and liabilities | 10/49 | €320,853 | €348,469 | +€27,617 | +8.6% |
| Equity | 10/15 | €167,164 | €136,289 | -€30,875 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,564 | €117,689 | -€30,875 | -20.8% |
| Distributable reserves | 133 | €148,564 | €117,689 | -€30,875 | -20.8% |
| Amounts payable | 17/49 | €153,688 | €212,180 | +€58,492 | +38.1% |
| Amounts payable after more than one year | 17 | €9,036 | €31,498 | +€22,462 | +249% |
| Financial debts | 170/4 | €9,036 | €31,498 | +€22,462 | +249% |
| Amounts payable within one year | 42/48 | €144,652 | €180,682 | +€36,030 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €14,041 | €12,845 | -€1,196 | -8.5% |
| Trade debts | 44 | €3,781 | €1,710 | -€2,071 | -54.8% |
| Suppliers | 440/4 | €3,781 | €1,710 | -€2,071 | -54.8% |
| Taxes, remuneration and social security | 45 | €2,276 | - | -€2,276 | |
| Taxes | 450/3 | €2,276 | - | -€2,276 | |
| Other amounts payable | 47/48 | €124,553 | €166,127 | +€41,573 | +33.4% |
| Remuneration, social security and pensions | 62 | €2,421 | €2,013 | -€408 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,468 | €18,064 | +€595 | +3.4% |
| Other operating charges | 640/8 | €12,188 | €886 | -€11,302 | -92.7% |
| Non-recurring operating charges | 66A | - | €13 | +€13 | |
| Gross operating margin | 9900 | €112,419 | €43,802 | -€68,617 | -61.0% |
| Operating profit (loss) | 9901 | €80,341 | €22,826 | -€57,515 | -71.6% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €13,443 | €1,792 | -€11,651 | -86.7% |
| Recurring financial charges | 65 | €13,443 | €1,792 | -€11,651 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | €66,901 | €21,034 | -€45,866 | -68.6% |
| Income taxes | 67/77 | €22,604 | €1,909 | -€20,694 | -91.6% |
| Profit (loss) for the period | 9904 | €44,297 | €19,125 | -€25,172 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,297 | €19,125 | -€25,172 | -56.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.