KNOP: what changed
KNOP
Largest movements
- Cash +€38,682
up €38,682 (+65.8%), from €58,830 to €97,513
mainly Depreciation (+€18,290) and Net result for the year (+€18,186)
- Receivables within one year -€17,463
down €17,463 (-31.5%), from €55,478 to €38,015
of which Trade receivables: -€9,871
- Tangible fixed assets -€14,053
down €14,053 (-8.3%), from €170,199 to €156,146
of which Land and buildings: -€12,532
- Stocks and contracts +€11,992
up €11,992 (+17.9%), from €66,812 to €78,804
- Reserves +€18,186
up €18,186 (+16.5%), from €110,175 to €128,361
of which Distributable reserves: +€18,186
- Other debts +€8,845
up €8,845 (+89.6%), from €9,867 to €18,712
- Debts after one year -€8,661
down €8,661 (-6.6%), from €130,507 to €121,846
- Tax, wage and social debts +€3,925
up €3,925 (+124%), from €3,160 to €7,085
- Gross operating margin +€13,204
up €13,204 (+38.0%), from €34,758 to €47,962
- Taxes +€3,134
up €3,134 (+75.3%), from €4,160 to €7,293
- Financial charges -€1,195
down €1,195 (-17.7%), from €6,767 to €5,572
- Financial income +€998
up €998 (+37.1%), from €2,690 to €3,687
- Staff costs -€548
down €548 (-31.9%), from €1,718 to €1,170
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,529 | €370,688 | +€19,159 | +5.5% |
| Fixed assets | 21/28 | €170,409 | €156,356 | -€14,053 | -8.2% |
| Tangible fixed assets | 22/27 | €170,199 | €156,146 | -€14,053 | -8.3% |
| Land and buildings | 22 | €154,715 | €142,182 | -€12,532 | -8.1% |
| Plant, machinery and equipment | 23 | €5,696 | €7,484 | +€1,788 | +31.4% |
| Furniture and vehicles | 24 | €9,787 | €6,479 | -€3,308 | -33.8% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €181,120 | €214,332 | +€33,212 | +18.3% |
| Stocks and contracts in progress | 3 | €66,812 | €78,804 | +€11,992 | +17.9% |
| Stocks | 30/36 | €66,812 | €78,804 | +€11,992 | +17.9% |
| Amounts receivable within one year | 40/41 | €55,478 | €38,015 | -€17,463 | -31.5% |
| Trade receivables | 40 | €47,886 | €38,015 | -€9,871 | -20.6% |
| Other amounts receivable | 41 | €7,592 | - | -€7,592 | |
| Cash at bank and in hand | 54/58 | €58,830 | €97,513 | +€38,682 | +65.8% |
| Total equity and liabilities | 10/49 | €351,529 | €370,688 | +€19,159 | +5.5% |
| Equity | 10/15 | €191,767 | €209,953 | +€18,186 | +9.5% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €110,175 | €128,361 | +€18,186 | +16.5% |
| Tax-exempt reserves | 132 | €8,825 | €8,825 | = | 0.0% |
| Distributable reserves | 133 | €101,350 | €119,536 | +€18,186 | +17.9% |
| Profit (loss) carried forward | 14 | €60,692 | €60,692 | = | 0.0% |
| Amounts payable | 17/49 | €159,762 | €160,735 | +€973 | +0.6% |
| Amounts payable after more than one year | 17 | €130,507 | €121,846 | -€8,661 | -6.6% |
| Financial debts | 170/4 | €130,507 | €121,846 | -€8,661 | -6.6% |
| Amounts payable within one year | 42/48 | €29,255 | €38,889 | +€9,634 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €8,357 | €8,661 | +€304 | +3.6% |
| Trade debts | 44 | €7,872 | €4,431 | -€3,440 | -43.7% |
| Suppliers | 440/4 | €7,872 | €4,431 | -€3,440 | -43.7% |
| Taxes, remuneration and social security | 45 | €3,160 | €7,085 | +€3,925 | +124% |
| Taxes | 450/3 | €3,160 | €7,085 | +€3,925 | +124% |
| Other amounts payable | 47/48 | €9,867 | €18,712 | +€8,845 | +89.6% |
| Non-recurring operating income | 76A | €1,325 | €110 | -€1,215 | -91.7% |
| Remuneration, social security and pensions | 62 | €1,718 | €1,170 | -€548 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,273 | €18,290 | +€17 | +0.1% |
| Other operating charges | 640/8 | €1,123 | €1,139 | +€17 | +1.5% |
| Gross operating margin | 9900 | €34,758 | €47,962 | +€13,204 | +38.0% |
| Operating profit (loss) | 9901 | €13,645 | €27,364 | +€13,719 | +101% |
| Financial income | 75/76B | €2,690 | €3,687 | +€998 | +37.1% |
| Recurring financial income | 75 | €2,690 | €3,687 | +€998 | +37.1% |
| Financial charges | 65/66B | €6,767 | €5,572 | -€1,195 | -17.7% |
| Recurring financial charges | 65 | €6,767 | €5,572 | -€1,195 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €9,568 | €25,479 | +€15,912 | +166% |
| Income taxes | 67/77 | €4,160 | €7,293 | +€3,134 | +75.3% |
| Profit (loss) for the period | 9904 | €5,408 | €18,186 | +€12,778 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €5,408 | €18,186 | +€12,778 | +236% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.