KWALITEITSSLAGER KNAEPS: what changed
KWALITEITSSLAGER KNAEPS
Largest movements
- Tangible fixed assets +€99,139
up €99,139 (+383%), from €25,903 to €125,042
of which Other tangible fixed assets: +€74,220
- Receivables within one year +€15,954
up €15,954 (+56.9%), from €28,033 to €43,987
of which Trade receivables: +€14,023
- Cash -€15,626
down €15,626 (-9.3%), from €168,552 to €152,926
mainly Investment in fixed assets (net) (-€113,894) and Contributions, distributions and other (-€22,895)
- Financial fixed assets +€4,185
new in 2025: €4,185
- Debts after one year +€43,054
up €43,054 (+2,090%), from €2,060 to €45,114
- Trade debts +€28,672
up €28,672 (+126%), from €22,795 to €51,467
- Reserves +€23,254
up €23,254 (+16.1%), from €144,562 to €167,816
of which Distributable reserves: +€23,254
- Other debts +€22,895
up €22,895, from €0 to €22,895
- Tax, wage and social debts -€20,159
down €20,159 (-49.1%), from €41,085 to €20,927
of which Remuneration and social security: -€15,121
- Gross operating margin -€22,062
down €22,062 (-8.0%), from €276,403 to €254,341
- Staff costs -€10,090
down €10,090 (-5.3%), from €189,159 to €179,069
- Taxes -€6,167
down €6,167 (-29.1%), from €21,222 to €15,055
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 | €236,253 | €339,141 | +€102,888 | +43.5% |
| Fixed assets | 21/28 | €25,903 | €129,227 | +€103,324 | +399% |
| Tangible fixed assets | 22/27 | €25,903 | €125,042 | +€99,139 | +383% |
| Plant, machinery and equipment | 23 | €16,671 | €46,641 | +€29,970 | +180% |
| Furniture and vehicles | 24 | €445 | €1,073 | +€627 | +141% |
| Leasing and similar rights | 25 | €5,679 | €0 | -€5,679 | -100% |
| Other tangible fixed assets | 26 | €3,108 | €77,328 | +€74,220 | +2,388% |
| Financial fixed assets | 28 | - | €4,185 | +€4,185 | |
| Current assets | 29/58 | €210,350 | €209,914 | -€436 | -0.2% |
| Stocks and contracts in progress | 3 | €8,742 | €10,150 | +€1,408 | +16.1% |
| Stocks | 30/36 | €8,742 | €10,150 | +€1,408 | +16.1% |
| Amounts receivable within one year | 40/41 | €28,033 | €43,987 | +€15,954 | +56.9% |
| Trade receivables | 40 | €0 | €14,023 | +€14,023 | |
| Other amounts receivable | 41 | €28,033 | €29,964 | +€1,931 | +6.9% |
| Cash at bank and in hand | 54/58 | €168,552 | €152,926 | -€15,626 | -9.3% |
| Deferred charges and accrued income | 490/1 | €5,023 | €2,851 | -€2,172 | -43.2% |
| Total equity and liabilities | 10/49 | €236,253 | €339,141 | +€102,888 | +43.5% |
| Equity | 10/15 | €163,112 | €186,366 | +€23,254 | +14.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €144,562 | €167,816 | +€23,254 | +16.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €144,562 | €167,816 | +€23,254 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,142 | €152,776 | +€79,634 | +109% |
| Amounts payable after more than one year | 17 | €2,060 | €45,114 | +€43,054 | +2,090% |
| Financial debts | 170/4 | €2,060 | €45,114 | +€43,054 | +2,090% |
| Amounts payable within one year | 42/48 | €71,082 | €107,662 | +€36,580 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €7,201 | €12,373 | +€5,172 | +71.8% |
| Trade debts | 44 | €22,795 | €51,467 | +€28,672 | +126% |
| Suppliers | 440/4 | €22,795 | €51,467 | +€28,672 | +126% |
| Taxes, remuneration and social security | 45 | €41,085 | €20,927 | -€20,159 | -49.1% |
| Taxes | 450/3 | €8,260 | €3,223 | -€5,038 | -61.0% |
| Remuneration and social security | 454/9 | €32,825 | €17,704 | -€15,121 | -46.1% |
| Other amounts payable | 47/48 | €0 | €22,895 | +€22,895 | |
| Remuneration, social security and pensions | 62 | €189,159 | €179,069 | -€10,090 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,596 | €10,570 | +€975 | +10.2% |
| Other operating charges | 640/8 | €2,259 | €2,568 | +€310 | +13.7% |
| Non-recurring operating charges | 66A | - | €432 | +€432 | |
| Gross operating margin | 9900 | €276,403 | €254,341 | -€22,062 | -8.0% |
| Operating profit (loss) | 9901 | €75,390 | €61,702 | -€13,688 | -18.2% |
| Financial income | 75/76B | €1,651 | €1,722 | +€70 | +4.3% |
| Recurring financial income | 75 | €1,651 | €1,722 | +€70 | +4.3% |
| Financial charges | 65/66B | €1,560 | €2,220 | +€660 | +42.3% |
| Recurring financial charges | 65 | €1,560 | €2,220 | +€660 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €75,481 | €61,204 | -€14,277 | -18.9% |
| Income taxes | 67/77 | €21,222 | €15,055 | -€6,167 | -29.1% |
| Profit (loss) for the period | 9904 | €54,259 | €46,149 | -€8,110 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,259 | €46,149 | -€8,110 | -14.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.