PAINT 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.
PAINT KNOKKE
Largest movements
- Current investments -€177,337
down €177,337 (-87.2%), from €203,446 to €26,109
- Cash +€136,946
up €136,946 (+117%), from €116,714 to €253,660
mainly Current investments (+€177,337) and Other debts (+€57,035)
- Tangible fixed assets +€16,880
up €16,880 (+376%), from €4,485 to €21,365
of which Furniture and vehicles: +€18,001
- Receivables within one year -€10,469
down €10,469 (-11.5%), from €91,285 to €80,816
of which Other amounts receivable: -€14,864
- Reserves -€58,659
down €58,659 (-29.7%), from €197,250 to €138,591
- Other debts +€57,035
up €57,035 (+253%), from €22,575 to €79,610
- Trade debts -€27,407
no longer reported in 2025 (was €27,407)
- Debts after one year -€7,790
down €7,790 (-23.6%), from €33,021 to €25,231
- Tax, wage and social debts +€4,268
up €4,268 (+92.6%), from €4,610 to €8,878
- Gross operating margin +€63,015
up €63,015, from -€39,703 to €23,312
- Financial income +€7,721
up €7,721 (+247%), from €3,129 to €10,850
- Financial charges -€6,215
down €6,215 (-84.9%), from €7,324 to €1,109
- Taxes +€2,565
up €2,565 (+1,545%), from €166 to €2,731
- Depreciation +€2,044
up €2,044 (+80.0%), from €2,555 to €4,599
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 | €416,180 | €382,958 | -€33,222 | -8.0% |
| Fixed assets | 21/28 | €4,485 | €21,365 | +€16,880 | +376% |
| Tangible fixed assets | 22/27 | €4,485 | €21,365 | +€16,880 | +376% |
| Plant, machinery and equipment | 23 | €4,126 | €3,005 | -€1,121 | -27.2% |
| Furniture and vehicles | 24 | €359 | €18,360 | +€18,001 | +5,014% |
| Current assets | 29/58 | €411,695 | €361,593 | -€50,102 | -12.2% |
| Amounts receivable within one year | 40/41 | €91,285 | €80,816 | -€10,469 | -11.5% |
| Trade receivables | 40 | €15,882 | €20,277 | +€4,395 | +27.7% |
| Other amounts receivable | 41 | €75,403 | €60,539 | -€14,864 | -19.7% |
| Current investments | 50/53 | €203,446 | €26,109 | -€177,337 | -87.2% |
| Cash at bank and in hand | 54/58 | €116,714 | €253,660 | +€136,946 | +117% |
| Deferred charges and accrued income | 490/1 | €250 | €1,008 | +€758 | +303% |
| Total equity and liabilities | 10/49 | €416,180 | €382,958 | -€33,222 | -8.0% |
| Equity | 10/15 | €320,108 | €261,449 | -€58,659 | -18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,250 | €138,591 | -€58,659 | -29.7% |
| Distributable reserves | 133 | €197,250 | €138,591 | -€58,659 | -29.7% |
| Profit (loss) carried forward | 14 | €104,258 | €104,258 | = | 0.0% |
| Amounts payable | 17/49 | €96,072 | €121,509 | +€25,437 | +26.5% |
| Amounts payable after more than one year | 17 | €33,021 | €25,231 | -€7,790 | -23.6% |
| Financial debts | 170/4 | €33,021 | €25,231 | -€7,790 | -23.6% |
| Amounts payable within one year | 42/48 | €62,298 | €96,278 | +€33,980 | +54.5% |
| Current portion of amounts payable after more than one year | 42 | €7,706 | €7,790 | +€84 | +1.1% |
| Trade debts | 44 | €27,407 | - | -€27,407 | |
| Suppliers | 440/4 | €27,407 | - | -€27,407 | |
| Taxes, remuneration and social security | 45 | €4,610 | €8,878 | +€4,268 | +92.6% |
| Taxes | 450/3 | €4,610 | €8,878 | +€4,268 | +92.6% |
| Other amounts payable | 47/48 | €22,575 | €79,610 | +€57,035 | +253% |
| Accrued charges and deferred income | 492/3 | €753 | - | -€753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,555 | €4,599 | +€2,044 | +80.0% |
| Other operating charges | 640/8 | €548 | €582 | +€34 | +6.2% |
| Gross operating margin | 9900 | -€39,703 | €23,312 | +€63,015 | |
| Operating profit (loss) | 9901 | -€42,806 | €18,131 | +€60,937 | |
| Financial income | 75/76B | €3,129 | €10,850 | +€7,721 | +247% |
| Recurring financial income | 75 | €3,129 | €10,850 | +€7,721 | +247% |
| Financial charges | 65/66B | €7,324 | €1,109 | -€6,215 | -84.9% |
| Recurring financial charges | 65 | €7,324 | €1,109 | -€6,215 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | -€47,001 | €27,872 | +€74,873 | |
| Income taxes | 67/77 | €166 | €2,731 | +€2,565 | +1,545% |
| Profit (loss) for the period | 9904 | -€47,167 | €25,141 | +€72,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,167 | €25,141 | +€72,308 |
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 18 October 2026 via checked.be.