INGO KNAPEN: what changed
INGO KNAPEN
Largest movements
- Receivables within one year -€52,520
down €52,520 (-73.6%), from €71,369 to €18,849
of which Other amounts receivable: -€34,125
- Receivables after one year +€44,000
new in 2025: €44,000
- Cash -€19,452
down €19,452 (-25.3%), from €76,792 to €57,341
mainly Receivables after one year (-€44,000) and Investment in fixed assets (net) (-€32,011)
- Tangible fixed assets +€13,566
up €13,566 (+12.6%), from €107,526 to €121,092
of which Leasing and similar rights: +€23,753
- Deferred charges and accrued income -€9,456
down €9,456 (-85.7%), from €11,028 to €1,572
- Trade debts -€29,762
down €29,762 (-63.6%), from €46,762 to €17,000
- Tax, wage and social debts -€13,744
down €13,744 (-84.0%), from €16,355 to €2,612
of which Taxes: -€14,412
- Profit (loss) carried forward +€13,192
up €13,192 (+40.1%), from €32,887 to €46,080
- Current portion of long-term debt +€3,883
up €3,883 (+28.8%), from €13,488 to €17,371
- Debts after one year +€3,325
up €3,325 (+5.4%), from €61,695 to €65,020
- Staff costs +€13,264
up €13,264 (+26.0%), from €51,027 to €64,291
- Gross operating margin +€11,095
up €11,095 (+11.9%), from €93,183 to €104,278
- Depreciation +€6,090
up €6,090 (+49.3%), from €12,355 to €18,445
- Taxes -€2,077
down €2,077 (-35.8%), from €5,794 to €3,717
- Financial charges +€1,950
up €1,950 (+76.2%), from €2,559 to €4,509
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 | €266,715 | €242,854 | -€23,861 | -8.9% |
| Fixed assets | 21/28 | €107,526 | €121,092 | +€13,566 | +12.6% |
| Tangible fixed assets | 22/27 | €107,526 | €121,092 | +€13,566 | +12.6% |
| Plant, machinery and equipment | 23 | €57,942 | €49,743 | -€8,198 | -14.1% |
| Furniture and vehicles | 24 | €6,949 | €5,353 | -€1,595 | -23.0% |
| Leasing and similar rights | 25 | €40,395 | €64,149 | +€23,753 | +58.8% |
| Other tangible fixed assets | 26 | €2,240 | €1,847 | -€393 | -17.6% |
| Current assets | 29/58 | €159,189 | €121,762 | -€37,427 | -23.5% |
| Amounts receivable after more than one year | 29 | - | €44,000 | +€44,000 | |
| Other amounts receivable | 291 | - | €44,000 | +€44,000 | |
| Amounts receivable within one year | 40/41 | €71,369 | €18,849 | -€52,520 | -73.6% |
| Trade receivables | 40 | €29,365 | €10,970 | -€18,395 | -62.6% |
| Other amounts receivable | 41 | €42,005 | €7,880 | -€34,125 | -81.2% |
| Cash at bank and in hand | 54/58 | €76,792 | €57,341 | -€19,452 | -25.3% |
| Deferred charges and accrued income | 490/1 | €11,028 | €1,572 | -€9,456 | -85.7% |
| Total equity and liabilities | 10/49 | €266,715 | €242,854 | -€23,861 | -8.9% |
| Equity | 10/15 | €127,614 | €140,807 | +€13,192 | +10.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €92,227 | €92,227 | = | 0.0% |
| Distributable reserves | 133 | €92,227 | €92,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,887 | €46,080 | +€13,192 | +40.1% |
| Amounts payable | 17/49 | €139,101 | €102,047 | -€37,053 | -26.6% |
| Amounts payable after more than one year | 17 | €61,695 | €65,020 | +€3,325 | +5.4% |
| Financial debts | 170/4 | €61,695 | €65,020 | +€3,325 | +5.4% |
| Amounts payable within one year | 42/48 | €77,405 | €37,027 | -€40,378 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €13,488 | €17,371 | +€3,883 | +28.8% |
| Trade debts | 44 | €46,762 | €17,000 | -€29,762 | -63.6% |
| Suppliers | 440/4 | €46,762 | €17,000 | -€29,762 | -63.6% |
| Taxes, remuneration and social security | 45 | €16,355 | €2,612 | -€13,744 | -84.0% |
| Taxes | 450/3 | €15,206 | €794 | -€14,412 | -94.8% |
| Remuneration and social security | 454/9 | €1,150 | €1,818 | +€668 | +58.1% |
| Other amounts payable | 47/48 | €800 | €44 | -€756 | -94.5% |
| Remuneration, social security and pensions | 62 | €51,027 | €64,291 | +€13,264 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,355 | €18,445 | +€6,090 | +49.3% |
| Other operating charges | 640/8 | €715 | €1,131 | +€415 | +58.1% |
| Gross operating margin | 9900 | €93,183 | €104,278 | +€11,095 | +11.9% |
| Operating profit (loss) | 9901 | €29,086 | €20,411 | -€8,676 | -29.8% |
| Financial income | 75/76B | €21 | €1,007 | +€986 | +4,659% |
| Recurring financial income | 75 | €21 | €1,007 | +€986 | +4,659% |
| Financial charges | 65/66B | €2,559 | €4,509 | +€1,950 | +76.2% |
| Recurring financial charges | 65 | €2,559 | €4,509 | +€1,950 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | €26,548 | €16,909 | -€9,639 | -36.3% |
| Income taxes | 67/77 | €5,794 | €3,717 | -€2,077 | -35.8% |
| Profit (loss) for the period | 9904 | €20,754 | €13,192 | -€7,562 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,754 | €13,192 | -€7,562 | -36.4% |
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.