KNIPPING - IMMO: 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.
What changed
KNIPPING - IMMO
NACE 52.100, Warehousing and storage
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€37,426
2024 · -€46,641+€9,214
Equity
€2.7m
2024 · €2.6m+€79,780
Cash
€1.0m
2024 · €960,247+€48,302
Balance sheet total
€11.5m
2024 · €11.9m-€401,521
Largest movements
Assets
- Tangible fixed assets -€548,230
down €548,230 (-6.5%), from €8.5m to €7.9m
of which Land and buildings: -€445,679
- Receivables within one year +€254,119
up €254,119 (+461.3%), from €55,088 to €309,206
of which Other amounts receivable: +€283,560
- Current investments -€152,157
down €152,157 (-14.7%), from €1.0m to €881,071
Equity and liabilities
- Debts after one year -€399,791
down €399,791 (-5.1%), from €7.9m to €7.5m
of which Financial debts: -€399,791
Income statement
- Gross operating margin +€198,881
up €198,881 (+27.8%), from €716,532 to €915,412
- Other operating charges +€67,961
up €67,961 (+94.6%), from €71,838 to €139,799
- Financial charges +€47,469
up €47,469 (+15.9%), from €297,829 to €345,298
of which Financial charges: +€46,093
- Financial income -€43,135
down €43,135 (-29.3%), from €147,233 to €104,098
of which Non-recurring financial income: -€71,817
- Depreciation +€17,515
up €17,515 (+3.1%), from €573,453 to €590,967
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.
Result 2024
-€46,641
Gross operating margin
+€198,881
Depreciation
-€17,515
Other operating charges
-€67,961
Other operating items
-€1,903
Financial income
-€43,135
Financial charges
-€47,469
Taxes
-€11,684
Result 2025
-€37,426
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.
From operations
+€242,002
Investment
+€109,420
Financing
-€303,119
Cash 2024
€960,247
From operations (derived)
+€242,002
Net result for the year
-€37,426
Depreciation
+€590,967
Receivables within one year
-€254,119
Deferred charges and accrued income
+€3,555
Provisions
-€30,580
Trade debts
+€28,776
Tax, wage and social debts
-€2,160
Other debts
-€57,012
Investment (derived)
+€109,420
Investment in fixed assets (net)
-€42,737
Current investments
+€152,157
Financing
-€303,119
Debts after one year
-€399,791
Current portion of long-term debt
-€20,535
Contributions, distributions and other
+€117,206
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,856,504 | €11,454,982 | -€401,521 | -3.4% |
| Fixed assets | 21/28 | €9,802,942 | €9,254,712 | -€548,230 | -5.6% |
| Intangible fixed assets | 21 | €154,216 | €154,216 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,489,227 | €7,940,997 | -€548,230 | -6.5% |
| Land and buildings | 22 | €7,847,573 | €7,401,894 | -€445,679 | -5.7% |
| Plant, machinery and equipment | 23 | €83 | - | -€83 | |
| Furniture and vehicles | 24 | €197,351 | €140,129 | -€57,222 | -29.0% |
| Other tangible fixed assets | 26 | €444,220 | €398,973 | -€45,247 | -10.2% |
| Financial fixed assets | 28 | €1,159,500 | €1,159,500 | = | 0.0% |
| Current assets | 29/58 | €2,053,562 | €2,200,270 | +€146,709 | +7.1% |
| Amounts receivable within one year | 40/41 | €55,088 | €309,206 | +€254,119 | +461.3% |
| Trade receivables | 40 | €44,835 | €15,394 | -€29,441 | -65.7% |
| Other amounts receivable | 41 | €10,252 | €293,812 | +€283,560 | +2765.8% |
| Current investments | 50/53 | €1,033,228 | €881,071 | -€152,157 | -14.7% |
| Cash at bank and in hand | 54/58 | €960,247 | €1,008,549 | +€48,302 | +5.0% |
| Deferred charges and accrued income | 490/1 | €4,999 | €1,444 | -€3,555 | -71.1% |
| Total equity and liabilities | 10/49 | €11,856,504 | €11,454,982 | -€401,521 | -3.4% |
| Equity | 10/15 | €2,578,112 | €2,657,892 | +€79,780 | +3.1% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Capital | 10 | €80,600 | €80,600 | = | 0.0% |
| Issued capital | 100 | €80,600 | €80,600 | = | 0.0% |
| Revaluation surpluses | 12 | €642,973 | €760,179 | +€117,206 | +18.2% |
| Reserves | 13 | €1,451,021 | €1,388,934 | -€62,087 | -4.3% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Legal reserve | 130 | €8,060 | €8,060 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,394,982 | €1,332,895 | -€62,087 | -4.5% |
| Distributable reserves | 133 | €47,979 | €47,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,518 | €428,178 | +€24,660 | +6.1% |
| Provisions and deferred taxes | 16 | €687,081 | €656,501 | -€30,580 | -4.5% |
| Deferred taxes | 168 | €687,081 | €656,501 | -€30,580 | -4.5% |
| Amounts payable | 17/49 | €8,591,312 | €8,140,590 | -€450,722 | -5.2% |
| Amounts payable after more than one year | 17 | €7,896,202 | €7,496,411 | -€399,791 | -5.1% |
| Financial debts | 170/4 | €7,396,202 | €6,996,411 | -€399,791 | -5.4% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €695,110 | €644,179 | -€50,931 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €332,531 | €311,996 | -€20,535 | -6.2% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €8,149 | €36,925 | +€28,776 | +353.1% |
| Suppliers | 440/4 | €8,149 | €36,925 | +€28,776 | +353.1% |
| Taxes, remuneration and social security | 45 | €18,379 | €16,219 | -€2,160 | -11.8% |
| Taxes | 450/3 | €18,379 | €16,219 | -€2,160 | -11.8% |
| Other amounts payable | 47/48 | €136,051 | €79,039 | -€57,012 | -41.9% |
| Non-recurring operating income | 76A | - | €242,940 | +€242,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573,453 | €590,967 | +€17,515 | +3.1% |
| Other operating charges | 640/8 | €71,838 | €139,799 | +€67,961 | +94.6% |
| Non-recurring operating charges | 66A | - | €1,903 | +€1,903 | |
| Gross operating margin | 9900 | €716,532 | €915,412 | +€198,881 | +27.8% |
| Operating profit (loss) | 9901 | €71,241 | €182,743 | +€111,503 | +156.5% |
| Financial income | 75/76B | €147,233 | €104,098 | -€43,135 | -29.3% |
| Recurring financial income | 75 | €28,770 | €57,452 | +€28,682 | +99.7% |
| Non-recurring financial income | 76B | €118,463 | €46,645 | -€71,817 | -60.6% |
| Financial charges | 65/66B | €297,829 | €345,298 | +€47,469 | +15.9% |
| Recurring financial charges | 65 | €281,832 | €327,925 | +€46,093 | +16.4% |
| Non-recurring financial charges | 66B | €15,997 | €17,372 | +€1,376 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€79,355 | -€58,457 | +€20,898 | +26.3% |
| Transfer from deferred taxes | 780 | €30,580 | €30,580 | = | 0.0% |
| Income taxes | 67/77 | -€2,134 | €9,550 | +€11,684 | |
| Profit (loss) for the period | 9904 | -€46,641 | -€37,426 | +€9,214 | +19.8% |
| Transfer from tax-exempt reserves | 789 | €62,087 | €62,087 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,446 | €24,660 | +€9,214 | +59.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.