JOERI 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.
JOERI KNOCKAERT
Largest movements
- Cash +€36,527
up €36,527 (+47.9%), from €76,213 to €112,739
mainly Depreciation (+€28,538) and Net result for the year (+€27,856)
- Receivables within one year -€10,464
down €10,464 (-38.0%), from €27,554 to €17,090
of which Other amounts receivable: -€7,806
- Reserves +€27,856
up €27,856 (+26.7%), from €104,192 to €132,048
- Trade debts +€22,833
up €22,833 (+180%), from €12,662 to €35,495
- Debts after one year -€20,441
down €20,441 (-6.9%), from €295,009 to €274,568
- Gross operating margin +€27,797
up €27,797 (+66.5%), from €41,830 to €69,627
- Taxes +€9,094
up €9,094 (+688%), from €1,322 to €10,416
- Depreciation -€5,816
down €5,816 (-16.9%), from €34,353 to €28,538
- Financial income +€1,999
up €1,999 (+70.7%), from €2,827 to €4,826
- Other operating charges +€742
up €742 (+19.2%), from €3,869 to €4,611
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 | €489,288 | €511,781 | +€22,493 | +4.6% |
| Fixed assets | 21/28 | €367,471 | €368,020 | +€549 | +0.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €367,471 | €368,020 | +€549 | +0.1% |
| Land and buildings | 22 | €338,951 | €341,788 | +€2,838 | +0.8% |
| Plant, machinery and equipment | 23 | €6,233 | €10,132 | +€3,899 | +62.5% |
| Furniture and vehicles | 24 | €22,287 | €16,100 | -€6,188 | -27.8% |
| Current assets | 29/58 | €121,817 | €143,761 | +€21,944 | +18.0% |
| Stocks and contracts in progress | 3 | €9,668 | €8,997 | -€672 | -6.9% |
| Stocks | 30/36 | €9,668 | €8,997 | -€672 | -6.9% |
| Amounts receivable within one year | 40/41 | €27,554 | €17,090 | -€10,464 | -38.0% |
| Trade receivables | 40 | €15,237 | €12,579 | -€2,658 | -17.4% |
| Other amounts receivable | 41 | €12,317 | €4,511 | -€7,806 | -63.4% |
| Cash at bank and in hand | 54/58 | €76,213 | €112,739 | +€36,527 | +47.9% |
| Deferred charges and accrued income | 490/1 | €8,382 | €4,935 | -€3,447 | -41.1% |
| Total equity and liabilities | 10/49 | €489,288 | €511,781 | +€22,493 | +4.6% |
| Equity | 10/15 | €125,342 | €152,048 | +€26,706 | +21.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €104,192 | €132,048 | +€27,856 | +26.7% |
| Distributable reserves | 133 | €104,192 | €132,048 | +€27,856 | +26.7% |
| Profit (loss) carried forward | 14 | €1,150 | €0 | -€1,150 | -100% |
| Amounts payable | 17/49 | €363,946 | €359,733 | -€4,213 | -1.2% |
| Amounts payable after more than one year | 17 | €295,009 | €274,568 | -€20,441 | -6.9% |
| Financial debts | 170/4 | €295,009 | €274,568 | -€20,441 | -6.9% |
| Amounts payable within one year | 42/48 | €62,675 | €83,821 | +€21,146 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €23,214 | €20,441 | -€2,774 | -11.9% |
| Trade debts | 44 | €12,662 | €35,495 | +€22,833 | +180% |
| Suppliers | 440/4 | €12,662 | €35,495 | +€22,833 | +180% |
| Taxes, remuneration and social security | 45 | €547 | €952 | +€405 | +74.0% |
| Taxes | 450/3 | €547 | €952 | +€405 | +74.0% |
| Other amounts payable | 47/48 | €26,252 | €26,934 | +€681 | +2.6% |
| Accrued charges and deferred income | 492/3 | €6,262 | €1,343 | -€4,918 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,353 | €28,538 | -€5,816 | -16.9% |
| Other operating charges | 640/8 | €3,869 | €4,611 | +€742 | +19.2% |
| Gross operating margin | 9900 | €41,830 | €69,627 | +€27,797 | +66.5% |
| Operating profit (loss) | 9901 | €3,608 | €36,478 | +€32,870 | +911% |
| Financial income | 75/76B | €2,827 | €4,826 | +€1,999 | +70.7% |
| Recurring financial income | 75 | €2,827 | €4,826 | +€1,999 | +70.7% |
| Financial charges | 65/66B | €3,591 | €3,032 | -€559 | -15.6% |
| Recurring financial charges | 65 | €3,591 | €3,032 | -€559 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €2,844 | €38,272 | +€35,428 | +1,246% |
| Income taxes | 67/77 | €1,322 | €10,416 | +€9,094 | +688% |
| Profit (loss) for the period | 9904 | €1,522 | €27,856 | +€26,334 | +1,730% |
| Profit (loss) for the period to be appropriated | 9905 | €1,522 | €27,856 | +€26,334 | +1,730% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.