JEAN PAUL KNOTT: 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.
JEAN PAUL KNOTT
Largest movements
- Deferred charges and accrued income +€67,780
up €67,780 (+54.5%), from €124,320 to €192,100
- Cash -€44,246
down €44,246 (-97.2%), from €45,499 to €1,253
mainly Deferred charges and accrued income (-€67,780) and Other debts (-€20,281)
- Stocks and contracts -€9,639
down €9,639 (-11.2%), from €86,321 to €76,682
- Receivables within one year -€8,451
down €8,451 (-7.3%), from €115,635 to €107,184
of which Trade receivables: -€10,461
- Trade debts +€30,734
up €30,734 (+644%), from €4,775 to €35,509
- Other debts -€20,281
down €20,281 (-19.4%), from €104,598 to €84,317
- Debts after one year -€20,136
down €20,136 (-33.4%), from €60,220 to €40,084
- Profit (loss) carried forward -€16,065
down €16,065 (-11.5%), from €139,778 to €123,713
- Tax, wage and social debts +€15,446
up €15,446 (+178%), from €8,701 to €24,147
of which Taxes: +€15,226
- Gross operating margin -€36,837
down €36,837 (-29.3%), from €125,594 to €88,757
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €372,687 | €377,876 | +€5,189 | +1.4% |
| Fixed assets | 21/28 | €913 | €657 | -€256 | -28.0% |
| Tangible fixed assets | 22/27 | €763 | €507 | -€256 | -33.5% |
| Furniture and vehicles | 24 | €763 | €507 | -€256 | -33.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €371,774 | €377,219 | +€5,444 | +1.5% |
| Stocks and contracts in progress | 3 | €86,321 | €76,682 | -€9,639 | -11.2% |
| Stocks | 30/36 | €86,321 | €76,682 | -€9,639 | -11.2% |
| Amounts receivable within one year | 40/41 | €115,635 | €107,184 | -€8,451 | -7.3% |
| Trade receivables | 40 | €111,528 | €101,067 | -€10,461 | -9.4% |
| Other amounts receivable | 41 | €4,107 | €6,117 | +€2,010 | +48.9% |
| Cash at bank and in hand | 54/58 | €45,499 | €1,253 | -€44,246 | -97.2% |
| Deferred charges and accrued income | 490/1 | €124,320 | €192,100 | +€67,780 | +54.5% |
| Total equity and liabilities | 10/49 | €372,687 | €377,876 | +€5,189 | +1.4% |
| Equity | 10/15 | €174,978 | €158,913 | -€16,065 | -9.2% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €3,200 | €3,200 | = | 0.0% |
| Distributable reserves | 133 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,778 | €123,713 | -€16,065 | -11.5% |
| Amounts payable | 17/49 | €197,709 | €218,963 | +€21,254 | +10.8% |
| Amounts payable after more than one year | 17 | €60,220 | €40,084 | -€20,136 | -33.4% |
| Financial debts | 170/4 | €60,220 | €40,084 | -€20,136 | -33.4% |
| Amounts payable within one year | 42/48 | €137,489 | €178,879 | +€41,390 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €19,414 | €20,085 | +€671 | +3.5% |
| Financial debts | 43 | - | €14,820 | +€14,820 | |
| Credit institutions | 430/8 | - | €14,820 | +€14,820 | |
| Trade debts | 44 | €4,775 | €35,509 | +€30,734 | +644% |
| Suppliers | 440/4 | €4,775 | €35,509 | +€30,734 | +644% |
| Taxes, remuneration and social security | 45 | €8,701 | €24,147 | +€15,446 | +178% |
| Taxes | 450/3 | - | €15,226 | +€15,226 | |
| Remuneration and social security | 454/9 | €8,701 | €8,921 | +€220 | +2.5% |
| Other amounts payable | 47/48 | €104,598 | €84,317 | -€20,281 | -19.4% |
| Remuneration, social security and pensions | 62 | €94,089 | €94,974 | +€885 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439 | €454 | +€15 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,582 | -€2,462 | +€1,120 | +31.3% |
| Other operating charges | 640/8 | €240 | €1,172 | +€932 | +388% |
| Gross operating margin | 9900 | €125,594 | €88,757 | -€36,837 | -29.3% |
| Operating profit (loss) | 9901 | €34,407 | -€5,381 | -€39,789 | |
| Financial income | 75/76B | €613 | €797 | +€184 | +30.0% |
| Recurring financial income | 75 | €613 | €797 | +€184 | +30.0% |
| Financial charges | 65/66B | €10,961 | €11,481 | +€519 | +4.7% |
| Recurring financial charges | 65 | €10,961 | €11,481 | +€519 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €24,059 | -€16,065 | -€40,124 | |
| Profit (loss) for the period | 9904 | €24,059 | -€16,065 | -€40,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,059 | -€16,065 | -€40,124 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.