KNOOPS ELS: 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.
KNOOPS ELS
Largest movements
- Cash -€11,658
down €11,658 (-9.7%), from €120,555 to €108,897
mainly Contributions, distributions and other (-€100,000) and Other debts (-€15,000)
- Receivables within one year -€9,474
down €9,474 (-69.6%), from €13,613 to €4,139
of which Trade receivables: -€13,106
- Reserves -€65,720
down €65,720 (-32.7%), from €201,273 to €135,553
- Debts after one year +€54,302
up €54,302 (+23.7%), from €229,449 to €283,751
of which Other amounts payable: +€90,000
- Other debts -€15,000
down €15,000 (-14.8%), from €101,408 to €86,408
- Tax, wage and social debts +€7,227
up €7,227 (+93.0%), from €7,773 to €15,000
of which Taxes: +€7,227
- Gross operating margin -€51,106
down €51,106 (-92.4%), from €55,312 to €4,206
- Financial income -€39,862
down €39,862 (-49.3%), from €80,925 to €41,063
- Taxes -€8,824
down €8,824 (-68.7%), from €12,839 to €4,015
- Depreciation -€2,403
down €2,403 (-40.1%), from €6,000 to €3,597
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 | €604,242 | €579,574 | -€24,668 | -4.1% |
| Fixed assets | 21/28 | €469,260 | €465,664 | -€3,597 | -0.8% |
| Tangible fixed assets | 22/27 | €3,597 | €0 | -€3,597 | -100.0% |
| Furniture and vehicles | 24 | €3,597 | €0 | -€3,597 | -100.0% |
| Financial fixed assets | 28 | €465,664 | €465,664 | = | 0.0% |
| Current assets | 29/58 | €134,982 | €113,910 | -€21,071 | -15.6% |
| Amounts receivable within one year | 40/41 | €13,613 | €4,139 | -€9,474 | -69.6% |
| Trade receivables | 40 | €13,613 | €507 | -€13,106 | -96.3% |
| Other amounts receivable | 41 | €0 | €3,632 | +€3,632 | |
| Cash at bank and in hand | 54/58 | €120,555 | €108,897 | -€11,658 | -9.7% |
| Deferred charges and accrued income | 490/1 | €814 | €875 | +€60 | +7.4% |
| Total equity and liabilities | 10/49 | €604,242 | €579,574 | -€24,668 | -4.1% |
| Equity | 10/15 | €221,273 | €155,553 | -€65,720 | -29.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €201,273 | €135,553 | -€65,720 | -32.7% |
| Distributable reserves | 133 | €201,273 | €135,553 | -€65,720 | -32.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €382,968 | €424,021 | +€41,052 | +10.7% |
| Amounts payable after more than one year | 17 | €229,449 | €283,751 | +€54,302 | +23.7% |
| Financial debts | 170/4 | €229,449 | €193,751 | -€35,698 | -15.6% |
| Other amounts payable | 178/9 | - | €90,000 | +€90,000 | |
| Amounts payable within one year | 42/48 | €149,798 | €137,107 | -€12,691 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €39,219 | €35,698 | -€3,520 | -9.0% |
| Trade debts | 44 | €1,398 | €0 | -€1,398 | -100.0% |
| Suppliers | 440/4 | €1,398 | €0 | -€1,398 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,773 | €15,000 | +€7,227 | +93.0% |
| Taxes | 450/3 | €7,773 | €15,000 | +€7,227 | +93.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €101,408 | €86,408 | -€15,000 | -14.8% |
| Accrued charges and deferred income | 492/3 | €3,721 | €3,163 | -€558 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €3,597 | -€2,403 | -40.1% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €55,312 | €4,206 | -€51,106 | -92.4% |
| Operating profit (loss) | 9901 | €48,863 | €148 | -€48,715 | -99.7% |
| Financial income | 75/76B | €80,925 | €41,063 | -€39,862 | -49.3% |
| Recurring financial income | 75 | €80,925 | €41,063 | -€39,862 | -49.3% |
| Financial charges | 65/66B | €3,384 | €2,916 | -€468 | -13.8% |
| Recurring financial charges | 65 | €3,384 | €2,916 | -€468 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €126,403 | €38,295 | -€88,109 | -69.7% |
| Income taxes | 67/77 | €12,839 | €4,015 | -€8,824 | -68.7% |
| Profit (loss) for the period | 9904 | €113,565 | €34,280 | -€79,285 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,565 | €34,280 | -€79,285 | -69.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.