MADELEINE VAN DER KNOOP: 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.
MADELEINE VAN DER KNOOP
Largest movements
- Stocks and contracts -€6,110
down €6,110 (-5.6%), from €108,975 to €102,865
- Receivables within one year -€5,147
down €5,147 (-53.2%), from €9,675 to €4,527
- Cash -€4,706
down €4,706 (-68.7%), from €6,848 to €2,142
mainly Net result for the year (-€7,333) and Other debts (-€6,192)
- Deferred charges and accrued income +€2,335
up €2,335 (+48.0%), from €4,867 to €7,202
- Profit (loss) carried forward -€7,333
down €7,333 (-38.0%), from €19,276 to €11,942
- Other debts -€6,192
down €6,192 (-6.9%), from €90,155 to €83,963
- Gross operating margin -€61,412
down €61,412, from €60,190 to -€1,223
- Taxes -€7,977
down €7,977 (-91.8%), from €8,692 to €715
- Financial charges -€848
down €848 (-23.3%), from €3,637 to €2,788
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 | €136,243 | €123,264 | -€12,979 | -9.5% |
| Fixed assets | 21/28 | €5,878 | €6,528 | +€650 | +11.0% |
| Tangible fixed assets | 22/27 | €4,138 | €4,788 | +€650 | +15.7% |
| Plant, machinery and equipment | 23 | €310 | €1,426 | +€1,115 | +359% |
| Other tangible fixed assets | 26 | €3,828 | €3,362 | -€466 | -12.2% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €130,365 | €116,736 | -€13,629 | -10.5% |
| Stocks and contracts in progress | 3 | €108,975 | €102,865 | -€6,110 | -5.6% |
| Stocks | 30/36 | €108,975 | €102,865 | -€6,110 | -5.6% |
| Amounts receivable within one year | 40/41 | €9,675 | €4,527 | -€5,147 | -53.2% |
| Other amounts receivable | 41 | €9,675 | €4,527 | -€5,147 | -53.2% |
| Cash at bank and in hand | 54/58 | €6,848 | €2,142 | -€4,706 | -68.7% |
| Deferred charges and accrued income | 490/1 | €4,867 | €7,202 | +€2,335 | +48.0% |
| Total equity and liabilities | 10/49 | €136,243 | €123,264 | -€12,979 | -9.5% |
| Equity | 10/15 | €40,413 | €33,080 | -€7,333 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,538 | €2,538 | = | 0.0% |
| 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 | €678 | €678 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,276 | €11,942 | -€7,333 | -38.0% |
| Amounts payable | 17/49 | €95,830 | €90,184 | -€5,646 | -5.9% |
| Amounts payable within one year | 42/48 | €95,830 | €90,184 | -€5,646 | -5.9% |
| Trade debts | 44 | €3,322 | €3,295 | -€27 | -0.8% |
| Suppliers | 440/4 | €3,322 | €3,295 | -€27 | -0.8% |
| Taxes, remuneration and social security | 45 | €2,353 | €2,926 | +€573 | +24.4% |
| Taxes | 450/3 | €1,319 | €2,151 | +€832 | +63.1% |
| Remuneration and social security | 454/9 | €1,034 | €775 | -€259 | -25.0% |
| Other amounts payable | 47/48 | €90,155 | €83,963 | -€6,192 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | €952 | -€119 | -11.1% |
| Other operating charges | 640/8 | €1,308 | €1,655 | +€347 | +26.5% |
| Gross operating margin | 9900 | €60,190 | -€1,223 | -€61,412 | |
| Operating profit (loss) | 9901 | €57,810 | -€3,830 | -€61,640 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €3,637 | €2,788 | -€848 | -23.3% |
| Recurring financial charges | 65 | €3,637 | €2,788 | -€848 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €54,188 | -€6,618 | -€60,807 | |
| Income taxes | 67/77 | €8,692 | €715 | -€7,977 | -91.8% |
| Profit (loss) for the period | 9904 | €45,497 | -€7,333 | -€52,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,497 | -€7,333 | -€52,830 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.