’t KNUFFELPALEIS: what changed
’t KNUFFELPALEIS
Largest movements
- Receivables within one year +€27,248
up €27,248 (+1,026%), from €2,657 to €29,904
of which Trade receivables: +€27,282
- Cash +€14,097
up €14,097 (+1,438%), from €980 to €15,078
mainly Tax, wage and social debts (+€25,571) and Net result for the year (+€11,512)
- Tangible fixed assets -€3,124
down €3,124 (-1.6%), from €195,319 to €192,195
of which Land and buildings: -€2,146
- Tax, wage and social debts +€25,571
up €25,571 (+228%), from €11,235 to €36,806
of which Remuneration and social security: +€22,663
- Profit (loss) carried forward +€11,512
up €11,512 (+194%), from €5,934 to €17,446
- Trade debts +€9,425
up €9,425 (+61.2%), from €15,411 to €24,836
- Debts after one year -€7,167
down €7,167 (-4.6%), from €156,917 to €149,750
- Staff costs +€53,192
up €53,192 (+53.6%), from €99,171 to €152,363
- Gross operating margin +€30,893
up €30,893 (+20.4%), from €151,163 to €182,056
- Depreciation -€3,469
down €3,469 (-32.2%), from €10,757 to €7,288
- Financial charges -€2,879
down €2,879 (-34.8%), from €8,264 to €5,385
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 | €202,121 | €241,716 | +€39,594 | +19.6% |
| Fixed assets | 21/28 | €195,319 | €192,195 | -€3,124 | -1.6% |
| Tangible fixed assets | 22/27 | €195,319 | €192,195 | -€3,124 | -1.6% |
| Land and buildings | 22 | €191,351 | €189,206 | -€2,146 | -1.1% |
| Plant, machinery and equipment | 23 | €785 | €1,500 | +€715 | +91.0% |
| Furniture and vehicles | 24 | €3,182 | €1,489 | -€1,693 | -53.2% |
| Current assets | 29/58 | €6,802 | €49,520 | +€42,718 | +628% |
| Amounts receivable within one year | 40/41 | €2,657 | €29,904 | +€27,248 | +1,026% |
| Trade receivables | 40 | €2,308 | €29,590 | +€27,282 | +1,182% |
| Other amounts receivable | 41 | €349 | €314 | -€35 | -9.9% |
| Cash at bank and in hand | 54/58 | €980 | €15,078 | +€14,097 | +1,438% |
| Deferred charges and accrued income | 490/1 | €3,165 | €4,538 | +€1,373 | +43.4% |
| Total equity and liabilities | 10/49 | €202,121 | €241,716 | +€39,594 | +19.6% |
| Equity | 10/15 | €8,934 | €20,446 | +€11,512 | +129% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,934 | €17,446 | +€11,512 | +194% |
| Amounts payable | 17/49 | €193,188 | €221,270 | +€28,082 | +14.5% |
| Amounts payable after more than one year | 17 | €156,917 | €149,750 | -€7,167 | -4.6% |
| Financial debts | 170/4 | €156,917 | €149,750 | -€7,167 | -4.6% |
| Amounts payable within one year | 42/48 | €35,153 | €70,403 | +€35,250 | +100% |
| Financial debts | 43 | €8,507 | €8,761 | +€254 | +3.0% |
| Credit institutions | 430/8 | €8,507 | €8,761 | +€254 | +3.0% |
| Trade debts | 44 | €15,411 | €24,836 | +€9,425 | +61.2% |
| Suppliers | 440/4 | €15,411 | €24,836 | +€9,425 | +61.2% |
| Taxes, remuneration and social security | 45 | €11,235 | €36,806 | +€25,571 | +228% |
| Taxes | 450/3 | €312 | €3,220 | +€2,908 | +933% |
| Remuneration and social security | 454/9 | €10,923 | €33,586 | +€22,663 | +207% |
| Accrued charges and deferred income | 492/3 | €1,118 | €1,117 | -€1 | -0.1% |
| Remuneration, social security and pensions | 62 | €99,171 | €152,363 | +€53,192 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,757 | €7,288 | -€3,469 | -32.2% |
| Other operating charges | 640/8 | €4,717 | €5,061 | +€344 | +7.3% |
| Gross operating margin | 9900 | €151,163 | €182,056 | +€30,893 | +20.4% |
| Operating profit (loss) | 9901 | €36,518 | €17,345 | -€19,173 | -52.5% |
| Financial income | 75/76B | €1 | €8 | +€8 | +1,197% |
| Recurring financial income | 75 | €1 | €8 | +€8 | +1,197% |
| Financial charges | 65/66B | €8,264 | €5,385 | -€2,879 | -34.8% |
| Recurring financial charges | 65 | €8,264 | €5,385 | -€2,879 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €28,255 | €11,969 | -€16,286 | -57.6% |
| Income taxes | 67/77 | €312 | €457 | +€145 | +46.5% |
| Profit (loss) for the period | 9904 | €27,943 | €11,512 | -€16,431 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,943 | €11,512 | -€16,431 | -58.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.