KNAPP BENELUX: 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.
KNAPP BENELUX
Largest movements
- Cash -€463,123
down €463,123 (-42.7%), from €1.1m to €621,190
mainly Trade debts (-€526,990) and Receivables within one year (-€229,795)
- Receivables within one year +€229,795
up €229,795 (+15.4%), from €1.5m to €1.7m
of which Trade receivables: +€247,236
- Deferred charges and accrued income +€36,959
up €36,959 (+35.3%), from €104,668 to €141,627
- Trade debts -€526,990
down €526,990 (-90.9%), from €579,768 to €52,778
- Reserves +€336,304
up €336,304 (+22.8%), from €1.5m to €1.8m
of which Distributable reserves: +€336,304
- Accrued charges and deferred income -€35,944
down €35,944 (-16.8%), from €214,274 to €178,329
- Gross operating margin +€308,614
up €308,614 (+16.5%), from €1.9m to €2.2m
- Staff costs +€215,842
up €215,842 (+14.5%), from €1.5m to €1.7m
- Taxes +€23,650
up €23,650 (+23.2%), from €101,904 to €125,554
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 | €2,716,531 | €2,515,038 | -€201,493 | -7.4% |
| Fixed assets | 21/28 | €35,149 | €30,024 | -€5,125 | -14.6% |
| Intangible fixed assets | 21 | €12,150 | €9,450 | -€2,700 | -22.2% |
| Tangible fixed assets | 22/27 | €20,378 | €17,954 | -€2,425 | -11.9% |
| Plant, machinery and equipment | 23 | €1,863 | €5,443 | +€3,579 | +192% |
| Furniture and vehicles | 24 | €18,515 | €12,511 | -€6,004 | -32.4% |
| Financial fixed assets | 28 | €2,621 | €2,621 | = | 0.0% |
| Current assets | 29/58 | €2,681,382 | €2,485,013 | -€196,369 | -7.3% |
| Amounts receivable within one year | 40/41 | €1,492,402 | €1,722,197 | +€229,795 | +15.4% |
| Trade receivables | 40 | €1,416,922 | €1,664,158 | +€247,236 | +17.4% |
| Other amounts receivable | 41 | €75,479 | €58,039 | -€17,441 | -23.1% |
| Cash at bank and in hand | 54/58 | €1,084,312 | €621,190 | -€463,123 | -42.7% |
| Deferred charges and accrued income | 490/1 | €104,668 | €141,627 | +€36,959 | +35.3% |
| Total equity and liabilities | 10/49 | €2,716,531 | €2,515,038 | -€201,493 | -7.4% |
| Equity | 10/15 | €1,505,298 | €1,841,602 | +€336,304 | +22.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,475,298 | €1,811,602 | +€336,304 | +22.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €1,472,298 | €1,808,602 | +€336,304 | +22.8% |
| Amounts payable | 17/49 | €1,211,233 | €673,436 | -€537,797 | -44.4% |
| Amounts payable within one year | 42/48 | €996,960 | €495,107 | -€501,853 | -50.3% |
| Trade debts | 44 | €579,768 | €52,778 | -€526,990 | -90.9% |
| Suppliers | 440/4 | €579,768 | €52,778 | -€526,990 | -90.9% |
| Advances received on contracts in progress | 46 | €68,169 | €76,374 | +€8,204 | +12.0% |
| Taxes, remuneration and social security | 45 | €349,023 | €364,510 | +€15,487 | +4.4% |
| Taxes | 450/3 | €11,608 | €20,309 | +€8,701 | +75.0% |
| Remuneration and social security | 454/9 | €337,415 | €344,202 | +€6,786 | +2.0% |
| Other amounts payable | 47/48 | - | €1,445 | +€1,445 | |
| Accrued charges and deferred income | 492/3 | €214,274 | €178,329 | -€35,944 | -16.8% |
| Remuneration, social security and pensions | 62 | €1,487,117 | €1,702,959 | +€215,842 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,218 | €10,289 | +€2,071 | +25.2% |
| Other operating charges | 640/8 | €0 | - | = | |
| Non-recurring operating charges | 66A | €279 | €722 | +€443 | +159% |
| Gross operating margin | 9900 | €1,871,483 | €2,180,097 | +€308,614 | +16.5% |
| Operating profit (loss) | 9901 | €375,869 | €466,127 | +€90,258 | +24.0% |
| Financial charges | 65/66B | €915 | €4,269 | +€3,354 | +366% |
| Recurring financial charges | 65 | €915 | €4,269 | +€3,354 | +366% |
| Profit (loss) for the period before taxes | 9903 | €374,954 | €461,858 | +€86,904 | +23.2% |
| Income taxes | 67/77 | €101,904 | €125,554 | +€23,650 | +23.2% |
| Profit (loss) for the period | 9904 | €273,050 | €336,304 | +€63,254 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €273,050 | €336,304 | +€63,254 | +23.2% |
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 30 October 2026 via checked.be.