Dr. Dries Knaeps: 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.
Dr. Dries Knaeps
Largest movements
- Cash +€140,968
up €140,968 (+747%), from €18,865 to €159,833
mainly Net result for the year (+€151,775) and Tax, wage and social debts (+€31,495)
- Receivables within one year +€33,731
up €33,731 (+64.0%), from €52,725 to €86,456
- Tangible fixed assets +€6,642
new in 2025: €6,642
- Reserves +€151,775
up €151,775 (+306%), from €49,545 to €201,321
- Tax, wage and social debts +€31,495
up €31,495 (+227%), from €13,886 to €45,382
- Gross operating margin +€135,576
up €135,576 (+217%), from €62,549 to €198,125
- Taxes +€31,795
up €31,795 (+257%), from €12,386 to €44,182
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 | €77,064 | €259,638 | +€182,574 | +237% |
| Fixed assets | 21/28 | - | €6,642 | +€6,642 | |
| Tangible fixed assets | 22/27 | - | €6,642 | +€6,642 | |
| Furniture and vehicles | 24 | - | €6,642 | +€6,642 | |
| Current assets | 29/58 | €77,064 | €252,996 | +€175,932 | +228% |
| Amounts receivable within one year | 40/41 | €52,725 | €86,456 | +€33,731 | +64.0% |
| Trade receivables | 40 | €52,725 | €86,456 | +€33,731 | +64.0% |
| Cash at bank and in hand | 54/58 | €18,865 | €159,833 | +€140,968 | +747% |
| Deferred charges and accrued income | 490/1 | €5,474 | €6,707 | +€1,233 | +22.5% |
| Total equity and liabilities | 10/49 | €77,064 | €259,638 | +€182,574 | +237% |
| Equity | 10/15 | €54,545 | €206,321 | +€151,775 | +278% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,545 | €201,321 | +€151,775 | +306% |
| Distributable reserves | 133 | €49,545 | €201,321 | +€151,775 | +306% |
| Amounts payable | 17/49 | €22,519 | €53,318 | +€30,799 | +137% |
| Amounts payable within one year | 42/48 | €22,359 | €52,805 | +€30,446 | +136% |
| Trade debts | 44 | €505 | €904 | +€398 | +78.8% |
| Suppliers | 440/4 | €505 | €904 | +€398 | +78.8% |
| Taxes, remuneration and social security | 45 | €13,886 | €45,382 | +€31,495 | +227% |
| Taxes | 450/3 | €13,886 | €45,382 | +€31,495 | +227% |
| Other amounts payable | 47/48 | €7,967 | €6,519 | -€1,448 | -18.2% |
| Accrued charges and deferred income | 492/3 | €160 | €513 | +€353 | +221% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €458 | +€458 | |
| Other operating charges | 640/8 | €427 | €234 | -€193 | -45.1% |
| Gross operating margin | 9900 | €62,549 | €198,125 | +€135,576 | +217% |
| Operating profit (loss) | 9901 | €62,122 | €197,433 | +€135,311 | +218% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €190 | €1,476 | +€1,286 | +676% |
| Recurring financial charges | 65 | €190 | €1,476 | +€1,286 | +676% |
| Profit (loss) for the period before taxes | 9903 | €61,932 | €195,957 | +€134,026 | +216% |
| Income taxes | 67/77 | €12,386 | €44,182 | +€31,795 | +257% |
| Profit (loss) for the period | 9904 | €49,545 | €151,775 | +€102,230 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €49,545 | €151,775 | +€102,230 | +206% |
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 19 October 2026 via checked.be.