KNOPS Michaël: 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.
KNOPS Michaël
Largest movements
- Cash +€44,899
up €44,899 (+35.2%), from €127,422 to €172,321
mainly Net result for the year (+€55,662) and Debts after one year (+€21,634)
- Receivables within one year -€15,609
down €15,609 (-16.0%), from €97,283 to €81,674
of which Trade receivables: -€17,168
- Tangible fixed assets -€10,554
down €10,554 (-42.6%), from €24,792 to €14,238
- Reserves +€54,829
up €54,829 (+18.3%), from €299,431 to €354,260
- Other debts -€47,478
down €47,478 (-65.9%), from €72,015 to €24,538
- Debts after one year +€21,634
up €21,634 (+51.4%), from €42,069 to €63,702
of which Other amounts payable: +€50,000
- Trade debts -€15,101
down €15,101 (-38.2%), from €39,507 to €24,406
- Gross operating margin +€26,710
up €26,710 (+38.5%), from €69,406 to €96,116
- Taxes +€8,292
up €8,292 (+44.2%), from €18,757 to €27,049
- Depreciation +€2,670
up €2,670 (+29.5%), from €9,057 to €11,727
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 | €509,041 | €527,798 | +€18,757 | +3.7% |
| Fixed assets | 21/28 | €244,792 | €234,238 | -€10,554 | -4.3% |
| Tangible fixed assets | 22/27 | €24,792 | €14,238 | -€10,554 | -42.6% |
| Furniture and vehicles | 24 | €24,792 | €14,238 | -€10,554 | -42.6% |
| Financial fixed assets | 28 | €220,000 | €220,000 | = | 0.0% |
| Current assets | 29/58 | €264,249 | €293,560 | +€29,311 | +11.1% |
| Amounts receivable within one year | 40/41 | €97,283 | €81,674 | -€15,609 | -16.0% |
| Trade receivables | 40 | €92,074 | €74,906 | -€17,168 | -18.6% |
| Other amounts receivable | 41 | €5,209 | €6,768 | +€1,559 | +29.9% |
| Current investments | 50/53 | €38,883 | €38,883 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,422 | €172,321 | +€44,899 | +35.2% |
| Deferred charges and accrued income | 490/1 | €661 | €682 | +€21 | +3.2% |
| Total equity and liabilities | 10/49 | €509,041 | €527,798 | +€18,757 | +3.7% |
| Equity | 10/15 | €313,691 | €368,520 | +€54,829 | +17.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €299,431 | €354,260 | +€54,829 | +18.3% |
| Distributable reserves | 133 | €299,431 | €354,260 | +€54,829 | +18.3% |
| Amounts payable | 17/49 | €195,350 | €159,278 | -€36,072 | -18.5% |
| Amounts payable after more than one year | 17 | €42,069 | €63,702 | +€21,634 | +51.4% |
| Financial debts | 170/4 | €42,069 | €13,702 | -€28,366 | -67.4% |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €152,244 | €95,549 | -€56,695 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €27,689 | €28,366 | +€678 | +2.4% |
| Trade debts | 44 | €39,507 | €24,406 | -€15,101 | -38.2% |
| Suppliers | 440/4 | €39,507 | €24,406 | -€15,101 | -38.2% |
| Taxes, remuneration and social security | 45 | €13,032 | €18,239 | +€5,207 | +40.0% |
| Taxes | 450/3 | €13,032 | €18,239 | +€5,207 | +40.0% |
| Other amounts payable | 47/48 | €72,015 | €24,538 | -€47,478 | -65.9% |
| Accrued charges and deferred income | 492/3 | €1,038 | €27 | -€1,010 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,057 | €11,727 | +€2,670 | +29.5% |
| Other operating charges | 640/8 | €965 | €992 | +€27 | +2.8% |
| Gross operating margin | 9900 | €69,406 | €96,116 | +€26,710 | +38.5% |
| Operating profit (loss) | 9901 | €59,383 | €83,397 | +€24,014 | +40.4% |
| Financial income | 75/76B | €1,047 | €1,744 | +€697 | +66.6% |
| Recurring financial income | 75 | €1,047 | €1,744 | +€697 | +66.6% |
| Financial charges | 65/66B | €2,547 | €2,431 | -€117 | -4.6% |
| Recurring financial charges | 65 | €2,547 | €2,431 | -€117 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €57,883 | €82,711 | +€24,828 | +42.9% |
| Income taxes | 67/77 | €18,757 | €27,049 | +€8,292 | +44.2% |
| Profit (loss) for the period | 9904 | €39,126 | €55,662 | +€16,536 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,126 | €55,662 | +€16,536 | +42.3% |
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 10 October 2026 via checked.be.