Dr. Philip Knaeps: what changed
Dr. Philip Knaeps
Largest movements
- Receivables within one year +€51,285
up €51,285 (+235%), from €21,834 to €73,119
- Cash +€15,731
up €15,731 (+49.0%), from €32,135 to €47,866
mainly Net result for the year (+€87,727) and Trade debts (+€4,448)
- Tangible fixed assets +€15,408
up €15,408 (+249%), from €6,199 to €21,607
of which Other tangible fixed assets: +€9,619
- Reserves +€87,727
up €87,727 (+184%), from €47,759 to €135,486
- Tax, wage and social debts -€9,405
down €9,405 (-66.4%), from €14,160 to €4,755
- Trade debts +€4,448
up €4,448 (+889%), from €500 to €4,949
- Gross operating margin +€59,914
up €59,914 (+95.7%), from €62,632 to €122,546
- Taxes +€18,595
up €18,595 (+131%), from €14,160 to €32,755
- Depreciation +€3,542
up €3,542 (+955%), from €371 to €3,913
- Financial income +€2,644
up €2,644 (+562,549%), from €0 to €2,644
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,919 | €147,689 | +€82,771 | +127% |
| Fixed assets | 21/28 | €6,199 | €21,607 | +€15,408 | +249% |
| Tangible fixed assets | 22/27 | €6,199 | €21,607 | +€15,408 | +249% |
| Plant, machinery and equipment | 23 | €4,989 | €11,442 | +€6,453 | +129% |
| Furniture and vehicles | 24 | €1,211 | €546 | -€665 | -54.9% |
| Other tangible fixed assets | 26 | - | €9,619 | +€9,619 | |
| Current assets | 29/58 | €58,719 | €126,082 | +€67,363 | +115% |
| Amounts receivable within one year | 40/41 | €21,834 | €73,119 | +€51,285 | +235% |
| Other amounts receivable | 41 | €21,834 | €73,119 | +€51,285 | +235% |
| Cash at bank and in hand | 54/58 | €32,135 | €47,866 | +€15,731 | +49.0% |
| Deferred charges and accrued income | 490/1 | €4,750 | €5,097 | +€347 | +7.3% |
| Total equity and liabilities | 10/49 | €64,919 | €147,689 | +€82,771 | +127% |
| Equity | 10/15 | €50,259 | €137,986 | +€87,727 | +175% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €47,759 | €135,486 | +€87,727 | +184% |
| Distributable reserves | 133 | €47,759 | €135,486 | +€87,727 | +184% |
| Amounts payable | 17/49 | €14,660 | €9,703 | -€4,957 | -33.8% |
| Amounts payable within one year | 42/48 | €14,660 | €9,703 | -€4,957 | -33.8% |
| Trade debts | 44 | €500 | €4,949 | +€4,448 | +889% |
| Suppliers | 440/4 | €500 | €4,949 | +€4,448 | +889% |
| Taxes, remuneration and social security | 45 | €14,160 | €4,755 | -€9,405 | -66.4% |
| Taxes | 450/3 | €14,160 | €4,755 | -€9,405 | -66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €3,913 | +€3,542 | +955% |
| Other operating charges | 640/8 | €249 | €170 | -€79 | -31.8% |
| Non-recurring operating charges | 66A | - | €505 | +€505 | |
| Gross operating margin | 9900 | €62,632 | €122,546 | +€59,914 | +95.7% |
| Operating profit (loss) | 9901 | €62,012 | €117,958 | +€55,946 | +90.2% |
| Financial income | 75/76B | €0 | €2,644 | +€2,644 | +562,549% |
| Recurring financial income | 75 | €0 | €2,644 | +€2,644 | +562,549% |
| Financial charges | 65/66B | €94 | €120 | +€27 | +28.4% |
| Recurring financial charges | 65 | €94 | €120 | +€27 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €61,918 | €120,482 | +€58,564 | +94.6% |
| Income taxes | 67/77 | €14,160 | €32,755 | +€18,595 | +131% |
| Profit (loss) for the period | 9904 | €47,759 | €87,727 | +€39,969 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,759 | €87,727 | +€39,969 | +83.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.