Dr. IRIS KNOCKAERT: 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. IRIS KNOCKAERT
Largest movements
- Cash -€368,007
down €368,007 (-69.5%), from €529,534 to €161,527
mainly Current investments (-€252,659) and Contributions, distributions and other (-€245,000)
- Current investments +€252,659
up €252,659 (+256%), from €98,665 to €351,324
- Deferred charges and accrued income -€62,546
down €62,546 (-97.0%), from €64,468 to €1,921
- Tangible fixed assets -€7,542
down €7,542 (-42.2%), from €17,861 to €10,319
of which Furniture and vehicles: -€5,669
- Reserves -€123,931
down €123,931 (-20.8%), from €596,081 to €472,149
of which Distributable reserves: -€123,931
- Accrued charges and deferred income -€57,181
down €57,181 (-95.6%), from €59,784 to €2,604
- Gross operating margin -€11,599
down €11,599 (-6.3%), from €185,480 to €173,881
- Taxes -€4,414
down €4,414 (-8.0%), from €54,971 to €50,557
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 | €731,222 | €550,224 | -€180,998 | -24.8% |
| Fixed assets | 21/28 | €17,861 | €10,819 | -€7,042 | -39.4% |
| Tangible fixed assets | 22/27 | €17,861 | €10,319 | -€7,542 | -42.2% |
| Furniture and vehicles | 24 | €9,549 | €3,879 | -€5,669 | -59.4% |
| Other tangible fixed assets | 26 | €8,313 | €6,439 | -€1,873 | -22.5% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €713,361 | €539,405 | -€173,956 | -24.4% |
| Amounts receivable within one year | 40/41 | €20,694 | €24,633 | +€3,938 | +19.0% |
| Other amounts receivable | 41 | €20,694 | €24,633 | +€3,938 | +19.0% |
| Current investments | 50/53 | €98,665 | €351,324 | +€252,659 | +256% |
| Cash at bank and in hand | 54/58 | €529,534 | €161,527 | -€368,007 | -69.5% |
| Deferred charges and accrued income | 490/1 | €64,468 | €1,921 | -€62,546 | -97.0% |
| Total equity and liabilities | 10/49 | €731,222 | €550,224 | -€180,998 | -24.8% |
| Equity | 10/15 | €614,681 | €490,749 | -€123,931 | -20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €596,081 | €472,149 | -€123,931 | -20.8% |
| Tax-exempt reserves | 132 | €5,624 | €5,624 | = | 0.0% |
| Distributable reserves | 133 | €590,457 | €466,525 | -€123,931 | -21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €116,542 | €59,475 | -€57,067 | -49.0% |
| Amounts payable within one year | 42/48 | €56,757 | €56,871 | +€114 | +0.2% |
| Trade debts | 44 | €1,549 | €2,901 | +€1,352 | +87.3% |
| Suppliers | 440/4 | €1,549 | €2,901 | +€1,352 | +87.3% |
| Taxes, remuneration and social security | 45 | €20,483 | €16,450 | -€4,033 | -19.7% |
| Taxes | 450/3 | €20,483 | €16,450 | -€4,033 | -19.7% |
| Other amounts payable | 47/48 | €34,726 | €37,520 | +€2,794 | +8.0% |
| Accrued charges and deferred income | 492/3 | €59,784 | €2,604 | -€57,181 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,827 | €10,404 | -€423 | -3.9% |
| Other operating charges | 640/8 | €826 | €836 | +€11 | +1.3% |
| Gross operating margin | 9900 | €185,480 | €173,881 | -€11,599 | -6.3% |
| Operating profit (loss) | 9901 | €173,828 | €162,640 | -€11,187 | -6.4% |
| Financial income | 75/76B | €12,794 | €13,565 | +€771 | +6.0% |
| Recurring financial income | 75 | €12,794 | €13,565 | +€771 | +6.0% |
| Financial charges | 65/66B | €2,820 | €4,580 | +€1,761 | +62.4% |
| Recurring financial charges | 65 | €2,820 | €4,580 | +€1,761 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €183,802 | €171,625 | -€12,177 | -6.6% |
| Income taxes | 67/77 | €54,971 | €50,557 | -€4,414 | -8.0% |
| Profit (loss) for the period | 9904 | €128,831 | €121,069 | -€7,763 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,831 | €121,069 | -€7,763 | -6.0% |
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 14 October 2026 via checked.be.