KNOPE: 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.
KNOPE
Largest movements
- Receivables within one year -€10,751
down €10,751 (-55.8%), from €19,278 to €8,527
of which Other amounts receivable: -€8,214
- Cash +€10,138
up €10,138 (+33.7%), from €30,102 to €40,240
mainly Net result for the year (+€30,241) and Depreciation (+€13,057)
- Tangible fixed assets -€9,499
down €9,499 (-2.9%), from €328,929 to €319,430
of which Land and buildings: -€10,226
- Reserves +€30,241
up €30,241 (+18.9%), from €159,832 to €190,073
of which Distributable reserves: +€30,241
- Current portion of long-term debt -€22,447
down €22,447 (-58.5%), from €38,392 to €15,945
- Debts after one year -€15,957
down €15,957 (-8.9%), from €180,069 to €164,113
- Gross operating margin +€4,518
up €4,518 (+6.0%), from €75,829 to €80,347
- Other operating charges +€3,290
up €3,290 (+122%), from €2,694 to €5,984
- Taxes -€2,274
down €2,274 (-13.4%), from €16,968 to €14,694
- Depreciation +€954
up €954 (+7.9%), from €12,104 to €13,057
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.
Derived cash bridge
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 | €393,310 | €383,197 | -€10,112 | -2.6% |
| Fixed assets | 21/28 | €333,929 | €324,430 | -€9,499 | -2.8% |
| Tangible fixed assets | 22/27 | €328,929 | €319,430 | -€9,499 | -2.9% |
| Land and buildings | 22 | €322,224 | €311,998 | -€10,226 | -3.2% |
| Plant, machinery and equipment | 23 | €3,514 | €2,497 | -€1,017 | -28.9% |
| Furniture and vehicles | 24 | €3,191 | €4,935 | +€1,743 | +54.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €59,380 | €58,767 | -€613 | -1.0% |
| Amounts receivable within one year | 40/41 | €19,278 | €8,527 | -€10,751 | -55.8% |
| Trade receivables | 40 | €2,537 | - | -€2,537 | |
| Other amounts receivable | 41 | €16,741 | €8,527 | -€8,214 | -49.1% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,102 | €40,240 | +€10,138 | +33.7% |
| Total equity and liabilities | 10/49 | €393,310 | €383,197 | -€10,112 | -2.6% |
| Equity | 10/15 | €172,232 | €202,473 | +€30,241 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €159,832 | €190,073 | +€30,241 | +18.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €157,972 | €188,213 | +€30,241 | +19.1% |
| Amounts payable | 17/49 | €221,077 | €180,724 | -€40,353 | -18.3% |
| Amounts payable after more than one year | 17 | €180,069 | €164,113 | -€15,957 | -8.9% |
| Financial debts | 170/4 | €180,069 | €164,113 | -€15,957 | -8.9% |
| Amounts payable within one year | 42/48 | €41,008 | €16,611 | -€24,397 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €38,392 | €15,945 | -€22,447 | -58.5% |
| Trade debts | 44 | €1,716 | €667 | -€1,050 | -61.2% |
| Suppliers | 440/4 | €1,716 | €667 | -€1,050 | -61.2% |
| Other amounts payable | 47/48 | €900 | - | -€900 | |
| Remuneration, social security and pensions | 62 | - | €172 | +€172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,104 | €13,057 | +€954 | +7.9% |
| Other operating charges | 640/8 | €2,694 | €5,984 | +€3,290 | +122% |
| Non-recurring operating charges | 66A | - | €11,232 | +€11,232 | |
| Gross operating margin | 9900 | €75,829 | €80,347 | +€4,518 | +6.0% |
| Operating profit (loss) | 9901 | €61,031 | €49,902 | -€11,129 | -18.2% |
| Financial income | 75/76B | €417 | €576 | +€159 | +38.2% |
| Recurring financial income | 75 | €417 | €576 | +€159 | +38.2% |
| Financial charges | 65/66B | €5,449 | €5,543 | +€94 | +1.7% |
| Recurring financial charges | 65 | €5,449 | €5,543 | +€94 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €55,999 | €44,935 | -€11,064 | -19.8% |
| Income taxes | 67/77 | €16,968 | €14,694 | -€2,274 | -13.4% |
| Profit (loss) for the period | 9904 | €39,031 | €30,241 | -€8,791 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,031 | €30,241 | -€8,791 | -22.5% |
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 15 October 2026 via checked.be.