KNOPSPUBLISHING: 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.
KNOPSPUBLISHING
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€43,133
down €43,133 (-15.5%), from €278,400 to €235,267
mainly Contributions, distributions and other (-€187,569) and Receivables within one year (-€27,220)
- Receivables within one year +€27,220
up €27,220 (+20.9%), from €130,195 to €157,415
of which Trade receivables: +€23,758
- Tangible fixed assets -€9,904
down €9,904 (-11.4%), from €86,567 to €76,663
of which Land and buildings: -€8,008
- Reserves -€174,515
down €174,515 (-65.8%), from €265,137 to €90,623
- Accrued charges and deferred income +€30,917
up €30,917 (+22.4%), from €137,792 to €168,709
- Trade debts +€29,919
up €29,919 (+47.8%), from €62,616 to €92,535
- Other debts +€22,544
up €22,544 (+86.9%), from €25,946 to €48,490
- Tax, wage and social debts +€15,632
up €15,632 (+41.7%), from €37,506 to €53,138
of which Remuneration and social security: +€13,556
- Staff costs +€51,311
up €51,311 (+12.6%), from €408,146 to €459,456
- Gross operating margin +€21,423
up €21,423 (+4.6%), from €463,178 to €484,601
- Taxes -€10,873
down €10,873 (-46.5%), from €23,392 to €12,520
- Financial income -€5,141
down €5,141 (-27.4%), from €18,745 to €13,605
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 | €547,548 | €472,073 | -€75,475 | -13.8% |
| Fixed assets | 21/28 | €88,597 | €78,693 | -€9,904 | -11.2% |
| Tangible fixed assets | 22/27 | €86,567 | €76,663 | -€9,904 | -11.4% |
| Land and buildings | 22 | €80,224 | €72,216 | -€8,008 | -10.0% |
| Plant, machinery and equipment | 23 | €2,400 | €1,145 | -€1,255 | -52.3% |
| Furniture and vehicles | 24 | €3,943 | €3,302 | -€641 | -16.3% |
| Financial fixed assets | 28 | €2,030 | €2,030 | = | 0.0% |
| Current assets | 29/58 | €458,951 | €393,380 | -€65,571 | -14.3% |
| Amounts receivable within one year | 40/41 | €130,195 | €157,415 | +€27,220 | +20.9% |
| Trade receivables | 40 | €113,086 | €136,844 | +€23,758 | +21.0% |
| Other amounts receivable | 41 | €17,109 | €20,571 | +€3,462 | +20.2% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €278,400 | €235,267 | -€43,133 | -15.5% |
| Deferred charges and accrued income | 490/1 | €356 | €698 | +€342 | +95.9% |
| Total equity and liabilities | 10/49 | €547,548 | €472,073 | -€75,475 | -13.8% |
| Equity | 10/15 | €283,687 | €109,173 | -€174,515 | -61.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €265,137 | €90,623 | -€174,515 | -65.8% |
| Distributable reserves | 133 | €265,137 | €90,623 | -€174,515 | -65.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €263,860 | €362,900 | +€99,040 | +37.5% |
| Amounts payable within one year | 42/48 | €126,068 | €194,191 | +€68,122 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €62,616 | €92,535 | +€29,919 | +47.8% |
| Suppliers | 440/4 | €62,616 | €92,535 | +€29,919 | +47.8% |
| Advances received on contracts in progress | 46 | - | €27 | +€27 | |
| Taxes, remuneration and social security | 45 | €37,506 | €53,138 | +€15,632 | +41.7% |
| Taxes | 450/3 | €1,150 | €3,225 | +€2,076 | +181% |
| Remuneration and social security | 454/9 | €36,356 | €49,913 | +€13,556 | +37.3% |
| Other amounts payable | 47/48 | €25,946 | €48,490 | +€22,544 | +86.9% |
| Accrued charges and deferred income | 492/3 | €137,792 | €168,709 | +€30,917 | +22.4% |
| Remuneration, social security and pensions | 62 | €408,146 | €459,456 | +€51,311 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,981 | €9,904 | -€2,077 | -17.3% |
| Other operating charges | 640/8 | €678 | €817 | +€138 | +20.4% |
| Gross operating margin | 9900 | €463,178 | €484,601 | +€21,423 | +4.6% |
| Operating profit (loss) | 9901 | €42,373 | €14,423 | -€27,950 | -66.0% |
| Financial income | 75/76B | €18,745 | €13,605 | -€5,141 | -27.4% |
| Recurring financial income | 75 | €18,745 | €13,605 | -€5,141 | -27.4% |
| Financial charges | 65/66B | €2,340 | €2,454 | +€113 | +4.8% |
| Recurring financial charges | 65 | €2,340 | €2,454 | +€113 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €58,778 | €25,574 | -€33,204 | -56.5% |
| Income taxes | 67/77 | €23,392 | €12,520 | -€10,873 | -46.5% |
| Profit (loss) for the period | 9904 | €35,386 | €13,055 | -€22,331 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,386 | €13,055 | -€22,331 | -63.1% |
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 26 October 2026 via checked.be.