DR. KNOORS: 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. KNOORS
Largest movements
- Cash +€20,359
up €20,359 (+10.3%), from €197,564 to €217,923
mainly Net result for the year (+€168,008) and Depreciation (+€7,402)
- Current investments +€14,000
up €14,000 (+2.0%), from €709,713 to €723,713
- Reserves +€28,293
up €28,293 (+3.1%), from €922,949 to €951,242
of which Distributable reserves: +€28,293
- Gross operating margin +€10,910
up €10,910 (+5.1%), from €213,165 to €224,074
- Financial income +€10,337
up €10,337 (+45.4%), from €22,780 to €33,117
- Taxes +€8,109
up €8,109 (+12.0%), from €67,576 to €75,685
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 | €968,182 | €1,000,868 | +€32,686 | +3.4% |
| Fixed assets | 21/28 | €10,957 | €1,474 | -€9,483 | -86.5% |
| Tangible fixed assets | 22/27 | €10,957 | €1,474 | -€9,483 | -86.5% |
| Furniture and vehicles | 24 | €10,957 | €1,474 | -€9,483 | -86.5% |
| Current assets | 29/58 | €957,225 | €999,394 | +€42,170 | +4.4% |
| Current investments | 50/53 | €709,713 | €723,713 | +€14,000 | +2.0% |
| Cash at bank and in hand | 54/58 | €197,564 | €217,923 | +€20,359 | +10.3% |
| Deferred charges and accrued income | 490/1 | €49,948 | €57,758 | +€7,810 | +15.6% |
| Total equity and liabilities | 10/49 | €968,182 | €1,000,868 | +€32,686 | +3.4% |
| Equity | 10/15 | €941,849 | €970,142 | +€28,293 | +3.0% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €922,949 | €951,242 | +€28,293 | +3.1% |
| Tax-exempt reserves | 132 | €1,311 | €1,311 | = | 0.0% |
| Distributable reserves | 133 | €921,638 | €949,931 | +€28,293 | +3.1% |
| Amounts payable | 17/49 | €26,333 | €30,726 | +€4,394 | +16.7% |
| Amounts payable within one year | 42/48 | €26,333 | €30,726 | +€4,394 | +16.7% |
| Taxes, remuneration and social security | 45 | €25,120 | €29,513 | +€4,394 | +17.5% |
| Taxes | 450/3 | €25,120 | €29,513 | +€4,394 | +17.5% |
| Other amounts payable | 47/48 | €1,213 | €1,213 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,730 | €7,402 | -€1,329 | -15.2% |
| Other operating charges | 640/8 | €1,612 | €1,708 | +€96 | +6.0% |
| Non-recurring operating charges | 66A | €3,100 | €2,761 | -€339 | -10.9% |
| Gross operating margin | 9900 | €213,165 | €224,074 | +€10,910 | +5.1% |
| Operating profit (loss) | 9901 | €199,722 | €212,204 | +€12,482 | +6.2% |
| Financial income | 75/76B | €22,780 | €33,117 | +€10,337 | +45.4% |
| Recurring financial income | 75 | €22,780 | €33,117 | +€10,337 | +45.4% |
| Financial charges | 65/66B | €1,512 | €1,627 | +€115 | +7.6% |
| Recurring financial charges | 65 | €1,512 | €1,627 | +€115 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €220,990 | €243,693 | +€22,704 | +10.3% |
| Income taxes | 67/77 | €67,576 | €75,685 | +€8,109 | +12.0% |
| Profit (loss) for the period | 9904 | €153,414 | €168,008 | +€14,594 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €153,414 | €168,008 | +€14,594 | +9.5% |
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 10 October 2026 via checked.be.