De Knuffel: what changed
Two fiscal 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.
De Knuffel
Largest movements
- Cash +€66,931
up €66,931 (+60.2%), from €111,136 to €178,067
mainly Net result for the year (+€103,531) and Depreciation (+€41,674)
- Profit (loss) carried forward +€103,531
up €103,531 (+51.5%), from €201,033 to €304,564
- Investment grants -€20,843
down €20,843 (-3.4%), from €604,441 to €583,599
- Debts within one year -€15,160
down €15,160 (-10.2%), from €148,193 to €133,033
- Gross operating margin +€44,522
up €44,522 (+4.5%), from €996,536 to €1.0m
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.
Cash bridge derived
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 | €1,165,545 | €1,233,073 | +€67,528 | +5.8% |
| Fixed assets | 21/28 | €967,248 | €957,941 | -€9,307 | -1.0% |
| Tangible fixed assets | 22/27 | €967,248 | €957,941 | -€9,307 | -1.0% |
| Land and buildings | 22 | €942,812 | €927,099 | -€15,712 | -1.7% |
| Plant, machinery and equipment | 23 | €22,784 | €26,925 | +€4,141 | +18.2% |
| Furniture and vehicles | 24 | €1,652 | €3,917 | +€2,265 | +137.1% |
| Current assets | 29/58 | €198,297 | €275,132 | +€76,835 | +38.7% |
| Amounts receivable within one year | 40/41 | €84,456 | €93,346 | +€8,890 | +10.5% |
| Trade receivables | 40 | €20,576 | €22,906 | +€2,329 | +11.3% |
| Other amounts receivable | 41 | €63,880 | €70,441 | +€6,561 | +10.3% |
| Cash at bank and in hand | 54/58 | €111,136 | €178,067 | +€66,931 | +60.2% |
| Deferred charges and accrued income | 490/1 | €2,705 | €3,719 | +€1,014 | +37.5% |
| Total equity and liabilities | 10/49 | €1,165,545 | €1,233,073 | +€67,528 | +5.8% |
| Equity | 10/15 | €1,017,352 | €1,100,040 | +€82,688 | +8.1% |
| Contributions | 10/11 | €156,878 | €156,878 | = | 0.0% |
| Capital | 10 | €156,878 | €156,878 | = | 0.0% |
| Reserves | 13 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,033 | €304,564 | +€103,531 | +51.5% |
| Investment grants | 15 | €604,441 | €583,599 | -€20,843 | -3.4% |
| Amounts payable | 17/49 | €148,193 | €133,033 | -€15,160 | -10.2% |
| Amounts payable within one year | 42/48 | €148,193 | €133,033 | -€15,160 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | - | -€7,500 | |
| Trade debts | 44 | €2,793 | €2,014 | -€779 | -27.9% |
| Suppliers | 440/4 | €2,793 | €2,014 | -€779 | -27.9% |
| Taxes, remuneration and social security | 45 | €125,942 | €119,801 | -€6,141 | -4.9% |
| Taxes | 450/3 | €8,608 | €8,323 | -€285 | -3.3% |
| Remuneration and social security | 454/9 | €117,334 | €111,478 | -€5,856 | -5.0% |
| Remuneration, social security and pensions | 62 | €886,388 | €895,050 | +€8,662 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,203 | €41,674 | +€471 | +1.1% |
| Other operating charges | 640/8 | €1,115 | €1,120 | +€5 | +0.5% |
| Gross operating margin | 9900 | €996,536 | €1,041,058 | +€44,522 | +4.5% |
| Operating profit (loss) | 9901 | €67,830 | €103,214 | +€35,385 | +52.2% |
| Financial income | 75/76B | €850 | €1,247 | +€398 | +46.8% |
| Recurring financial income | 75 | €850 | €1,247 | +€398 | +46.8% |
| Financial charges | 65/66B | €207 | €931 | +€724 | +349.5% |
| Recurring financial charges | 65 | €207 | €931 | +€724 | +349.5% |
| Profit (loss) for the period before taxes | 9903 | €68,472 | €103,531 | +€35,058 | +51.2% |
| Profit (loss) for the period | 9904 | €68,472 | €103,531 | +€35,058 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,472 | €103,531 | +€35,058 | +51.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.