KNAPEN: 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.
KNAPEN
Largest movements
- Receivables within one year +€127,128
up €127,128 (+77.9%), from €163,232 to €290,360
of which Other amounts receivable: +€283,479
- Cash +€38,150
up €38,150 (+678.3%), from €5,625 to €43,775
mainly Provisions (+€214,767) and Net result for the year (+€33,634)
- Tangible fixed assets -€9,930
down €9,930 (-6.5%), from €153,160 to €143,230
of which Land and buildings: -€9,621
- Provisions +€214,767
new in 2025: €214,767
- Other debts -€71,315
down €71,315 (-37.8%), from €188,425 to €117,110
- Profit (loss) carried forward +€33,634
up €33,634 (+15.2%), from -€220,974 to -€187,340
- Trade debts -€13,598
down €13,598 (-90.1%), from €15,084 to €1,487
- Debts after one year -€7,498
down €7,498 (-20.4%), from €36,809 to €29,312
- Taxes -€80,184
new in 2025: -€80,184
- Gross operating margin +€31,511
up €31,511, from -€14,784 to €16,727
- Purchases and services -€14,784
no longer reported in 2025 (was €14,784)
- Financial charges +€1,396
up €1,396 (+186.1%), from €750 to €2,146
- Other operating charges +€722
up €722 (+39.0%), from €1,850 to €2,572
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 | €322,817 | €478,165 | +€155,348 | +48.1% |
| Fixed assets | 21/28 | €153,960 | €144,030 | -€9,930 | -6.4% |
| Tangible fixed assets | 22/27 | €153,160 | €143,230 | -€9,930 | -6.5% |
| Land and buildings | 22 | €151,847 | €142,227 | -€9,621 | -6.3% |
| Plant, machinery and equipment | 23 | €1,135 | €885 | -€250 | -22.0% |
| Furniture and vehicles | 24 | €177 | €118 | -€59 | -33.3% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €168,857 | €334,136 | +€165,279 | +97.9% |
| Amounts receivable within one year | 40/41 | €163,232 | €290,360 | +€127,128 | +77.9% |
| Trade receivables | 40 | €160,822 | €4,471 | -€156,351 | -97.2% |
| Other amounts receivable | 41 | €2,410 | €285,889 | +€283,479 | +11760.8% |
| Cash at bank and in hand | 54/58 | €5,625 | €43,775 | +€38,150 | +678.3% |
| Total equity and liabilities | 10/49 | €322,817 | €478,165 | +€155,348 | +48.1% |
| Equity | 10/15 | €73,474 | €107,107 | +€33,634 | +45.8% |
| Contributions | 10/11 | €217,860 | €217,860 | = | 0.0% |
| Reserves | 13 | €76,587 | €76,587 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,348 | €1,860 | -€20,488 | -91.7% |
| Reserves not available under the articles | 1311 | €22,348 | €1,860 | -€20,488 | -91.7% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €40,239 | €60,727 | +€20,488 | +50.9% |
| Profit (loss) carried forward | 14 | -€220,974 | -€187,340 | +€33,634 | +15.2% |
| Provisions and deferred taxes | 16 | - | €214,767 | +€214,767 | |
| Provisions for liabilities and charges | 160/5 | - | €214,767 | +€214,767 | |
| Taxes | 161 | - | €214,767 | +€214,767 | |
| Amounts payable | 17/49 | €249,343 | €156,291 | -€93,052 | -37.3% |
| Amounts payable after more than one year | 17 | €36,809 | €29,312 | -€7,498 | -20.4% |
| Financial debts | 170/4 | €36,809 | €29,312 | -€7,498 | -20.4% |
| Amounts payable within one year | 42/48 | €212,534 | €126,980 | -€85,554 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €9,025 | €8,383 | -€642 | -7.1% |
| Trade debts | 44 | €15,084 | €1,487 | -€13,598 | -90.1% |
| Suppliers | 440/4 | €15,084 | €1,487 | -€13,598 | -90.1% |
| Other amounts payable | 47/48 | €188,425 | €117,110 | -€71,315 | -37.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,784 | - | -€14,784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,866 | €18,866 | = | 0.0% |
| Other operating charges | 640/8 | €1,850 | €2,572 | +€722 | +39.0% |
| Non-recurring operating charges | 66A | - | €39,693 | +€39,693 | |
| Gross operating margin | 9900 | -€14,784 | €16,727 | +€31,511 | |
| Operating profit (loss) | 9901 | -€35,500 | -€44,404 | -€8,904 | -25.1% |
| Financial charges | 65/66B | €750 | €2,146 | +€1,396 | +186.1% |
| Recurring financial charges | 65 | €750 | €2,146 | +€1,396 | +186.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,250 | -€46,550 | -€10,300 | -28.4% |
| Income taxes | 67/77 | - | -€80,184 | -€80,184 | |
| Profit (loss) for the period | 9904 | -€36,250 | €33,634 | +€69,884 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,250 | €33,634 | +€69,884 |
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 6 October 2026 via checked.be.