PACS KNOKKE: 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.
PACS KNOKKE
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-15.2%), from €131,667 to €111,667
- Cash +€13,753
up €13,753 (+221%), from €6,228 to €19,981
mainly Current portion of long-term debt (+€25,756) and Depreciation (+€24,077)
- Receivables within one year +€8,770
up €8,770 (+50.2%), from €17,482 to €26,253
- Deferred charges and accrued income -€3,972
down €3,972 (-59.7%), from €6,651 to €2,678
- Debts after one year -€56,258
no longer reported in 2025 (was €56,258)
- Current portion of long-term debt +€25,756
new in 2025: €25,756
- Reserves +€12,235
up €12,235 (+17.3%), from €70,920 to €83,154
- Trade debts +€9,278
up €9,278 (+109%), from €8,536 to €17,814
- Tax, wage and social debts +€5,298
up €5,298 (+21.1%), from €25,073 to €30,370
- Gross operating margin -€31,917
down €31,917 (-40.5%), from €78,766 to €46,850
- Taxes -€16,523
down €16,523 (-84.1%), from €19,637 to €3,114
- Depreciation -€2,351
down €2,351 (-8.9%), from €26,428 to €24,077
- Financial charges -€850
down €850 (-28.2%), from €3,018 to €2,168
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 | €168,755 | €167,287 | -€1,468 | -0.9% |
| Fixed assets | 21/28 | €138,394 | €118,375 | -€20,019 | -14.5% |
| Intangible fixed assets | 21 | €131,667 | €111,667 | -€20,000 | -15.2% |
| Tangible fixed assets | 22/27 | €6,727 | €6,708 | -€19 | -0.3% |
| Plant, machinery and equipment | 23 | €4,143 | €2,194 | -€1,949 | -47.0% |
| Furniture and vehicles | 24 | €2,584 | €4,514 | +€1,930 | +74.7% |
| Current assets | 29/58 | €30,361 | €48,912 | +€18,551 | +61.1% |
| Amounts receivable within one year | 40/41 | €17,482 | €26,253 | +€8,770 | +50.2% |
| Trade receivables | 40 | €17,482 | €26,253 | +€8,770 | +50.2% |
| Cash at bank and in hand | 54/58 | €6,228 | €19,981 | +€13,753 | +221% |
| Deferred charges and accrued income | 490/1 | €6,651 | €2,678 | -€3,972 | -59.7% |
| Total equity and liabilities | 10/49 | €168,755 | €167,287 | -€1,468 | -0.9% |
| Equity | 10/15 | €75,920 | €88,154 | +€12,235 | +16.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €70,920 | €83,154 | +€12,235 | +17.3% |
| Distributable reserves | 133 | €70,920 | €83,154 | +€12,235 | +17.3% |
| Amounts payable | 17/49 | €92,835 | €79,132 | -€13,703 | -14.8% |
| Amounts payable after more than one year | 17 | €56,258 | - | -€56,258 | |
| Financial debts | 170/4 | €56,258 | - | -€56,258 | |
| Amounts payable within one year | 42/48 | €36,578 | €79,132 | +€42,555 | +116% |
| Current portion of amounts payable after more than one year | 42 | - | €25,756 | +€25,756 | |
| Trade debts | 44 | €8,536 | €17,814 | +€9,278 | +109% |
| Suppliers | 440/4 | €8,536 | €17,814 | +€9,278 | +109% |
| Taxes, remuneration and social security | 45 | €25,073 | €30,370 | +€5,298 | +21.1% |
| Taxes | 450/3 | €25,073 | €30,370 | +€5,298 | +21.1% |
| Other amounts payable | 47/48 | €2,969 | €5,192 | +€2,223 | +74.9% |
| Remuneration, social security and pensions | 62 | €1,860 | €1,863 | +€3 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,428 | €24,077 | -€2,351 | -8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,150 | €2,100 | -€50 | -2.3% |
| Other operating charges | 640/8 | €820 | €1,318 | +€498 | +60.7% |
| Gross operating margin | 9900 | €78,766 | €46,850 | -€31,917 | -40.5% |
| Operating profit (loss) | 9901 | €47,509 | €17,492 | -€30,017 | -63.2% |
| Financial income | 75/76B | €11 | €25 | +€14 | +125% |
| Recurring financial income | 75 | €11 | €25 | +€14 | +125% |
| Financial charges | 65/66B | €3,018 | €2,168 | -€850 | -28.2% |
| Recurring financial charges | 65 | €3,018 | €2,168 | -€850 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €44,501 | €15,349 | -€29,153 | -65.5% |
| Income taxes | 67/77 | €19,637 | €3,114 | -€16,523 | -84.1% |
| Profit (loss) for the period | 9904 | €24,864 | €12,235 | -€12,630 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,864 | €12,235 | -€12,630 | -50.8% |
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 28 October 2026 via checked.be.