Joris Knuts: what changed
Two fiscal 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.
Joris Knuts
Largest movements
- Cash -€45,664
down €45,664 (-68.2%), from €66,996 to €21,332
mainly Investment in fixed assets (net) (-€31,991) and Receivables within one year (-€27,399)
- Receivables within one year +€27,399
up €27,399 (+386.5%), from €7,089 to €34,488
of which Trade receivables: +€20,640
- Tangible fixed assets +€19,339
up €19,339 (+119.7%), from €16,162 to €35,501
of which Furniture and vehicles: +€20,728
- Stocks and contracts +€8,987
new in 2025: €8,987
of which Contracts in progress: +€5,000
- Reserves +€13,028
up €13,028 (+28.7%), from €45,451 to €58,479
- Trade debts -€5,786
down €5,786 (-68.7%), from €8,420 to €2,634
- Tax, wage and social debts +€5,170
up €5,170 (+23.1%), from €22,399 to €27,569
of which Remuneration and social security: +€3,178
- Other debts -€1,677
down €1,677 (-18.7%), from €8,977 to €7,300
- Gross operating margin -€34,251
down €34,251 (-50.6%), from €67,710 to €33,458
- Taxes -€8,405
down €8,405 (-72.2%), from €11,645 to €3,240
- Depreciation +€3,189
up €3,189 (+33.7%), from €9,464 to €12,653
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 | €90,247 | €100,982 | +€10,735 | +11.9% |
| Fixed assets | 21/28 | €16,162 | €35,501 | +€19,339 | +119.7% |
| Tangible fixed assets | 22/27 | €16,162 | €35,501 | +€19,339 | +119.7% |
| Plant, machinery and equipment | 23 | €4,440 | €3,051 | -€1,389 | -31.3% |
| Furniture and vehicles | 24 | €11,722 | €32,450 | +€20,728 | +176.8% |
| Current assets | 29/58 | €74,085 | €65,481 | -€8,604 | -11.6% |
| Stocks and contracts in progress | 3 | - | €8,987 | +€8,987 | |
| Stocks | 30/36 | - | €3,987 | +€3,987 | |
| Contracts in progress | 37 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €7,089 | €34,488 | +€27,399 | +386.5% |
| Trade receivables | 40 | €7,089 | €27,729 | +€20,640 | +291.1% |
| Other amounts receivable | 41 | - | €6,760 | +€6,760 | |
| Cash at bank and in hand | 54/58 | €66,996 | €21,332 | -€45,664 | -68.2% |
| Deferred charges and accrued income | 490/1 | - | €674 | +€674 | |
| Total equity and liabilities | 10/49 | €90,247 | €100,982 | +€10,735 | +11.9% |
| Equity | 10/15 | €50,451 | €63,479 | +€13,028 | +25.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,451 | €58,479 | +€13,028 | +28.7% |
| Distributable reserves | 133 | €45,451 | €58,479 | +€13,028 | +28.7% |
| Amounts payable | 17/49 | €39,796 | €37,503 | -€2,293 | -5.8% |
| Amounts payable within one year | 42/48 | €39,796 | €37,503 | -€2,293 | -5.8% |
| Trade debts | 44 | €8,420 | €2,634 | -€5,786 | -68.7% |
| Suppliers | 440/4 | €8,420 | €2,634 | -€5,786 | -68.7% |
| Taxes, remuneration and social security | 45 | €22,399 | €27,569 | +€5,170 | +23.1% |
| Taxes | 450/3 | €22,399 | €24,391 | +€1,992 | +8.9% |
| Remuneration and social security | 454/9 | - | €3,178 | +€3,178 | |
| Other amounts payable | 47/48 | €8,977 | €7,300 | -€1,677 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,464 | €12,653 | +€3,189 | +33.7% |
| Other operating charges | 640/8 | €1,137 | €723 | -€414 | -36.4% |
| Non-recurring operating charges | 66A | - | €3,583 | +€3,583 | |
| Gross operating margin | 9900 | €67,710 | €33,458 | -€34,251 | -50.6% |
| Operating profit (loss) | 9901 | €57,108 | €16,500 | -€40,609 | -71.1% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €18 | €231 | +€213 | +1219.9% |
| Recurring financial charges | 65 | €18 | €231 | +€213 | +1219.9% |
| Profit (loss) for the period before taxes | 9903 | €57,096 | €16,269 | -€40,827 | -71.5% |
| Income taxes | 67/77 | €11,645 | €3,240 | -€8,405 | -72.2% |
| Profit (loss) for the period | 9904 | €45,451 | €13,028 | -€32,423 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,451 | €13,028 | -€32,423 | -71.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.