FORMAL AND KNOWLEDGE SYSTEMS: 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.
FORMAL AND KNOWLEDGE SYSTEMS
Largest movements
- Receivables within one year -€52,076
down €52,076 (-28.4%), from €183,478 to €131,402
of which Trade receivables: -€57,965
- Cash +€42,566
up €42,566 (+53.0%), from €80,258 to €122,824
mainly Net result for the year (+€61,777) and Receivables within one year (+€52,076)
- Current investments +€40,000
up €40,000 (+30.4%), from €131,667 to €171,667
- Tangible fixed assets -€20,505
down €20,505 (-11.0%), from €186,171 to €165,666
of which Other tangible fixed assets: -€17,648
- Reserves +€61,777
up €61,777 (+28.8%), from €214,759 to €276,536
of which Distributable reserves: +€61,777
- Debts after one year -€25,000
down €25,000 (-24.0%), from €104,000 to €79,000
- Accrued charges and deferred income -€21,547
down €21,547 (-22.0%), from €98,000 to €76,453
- Trade debts +€8,882
up €8,882 (+16.9%), from €52,475 to €61,358
- Tax, wage and social debts -€8,215
down €8,215 (-16.5%), from €49,833 to €41,618
of which Remuneration and social security: -€14,099
- Staff costs +€19,119
up €19,119 (+8.5%), from €226,009 to €245,128
- Gross operating margin +€10,411
up €10,411 (+3.1%), from €332,758 to €343,168
- Depreciation -€3,516
down €3,516 (-13.3%), from €26,472 to €22,956
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 | €623,140 | €637,325 | +€14,185 | +2.3% |
| Fixed assets | 21/28 | €216,071 | €193,054 | -€23,017 | -10.7% |
| Intangible fixed assets | 21 | €7,400 | €4,888 | -€2,512 | -33.9% |
| Tangible fixed assets | 22/27 | €186,171 | €165,666 | -€20,505 | -11.0% |
| Plant, machinery and equipment | 23 | €5,057 | €2,488 | -€2,569 | -50.8% |
| Furniture and vehicles | 24 | €16,178 | €15,890 | -€289 | -1.8% |
| Other tangible fixed assets | 26 | €164,936 | €147,288 | -€17,648 | -10.7% |
| Financial fixed assets | 28 | €22,500 | €22,500 | = | 0.0% |
| Current assets | 29/58 | €407,069 | €444,271 | +€37,201 | +9.1% |
| Stocks and contracts in progress | 3 | €7,000 | €12,500 | +€5,500 | +78.6% |
| Contracts in progress | 37 | €7,000 | €12,500 | +€5,500 | +78.6% |
| Amounts receivable within one year | 40/41 | €183,478 | €131,402 | -€52,076 | -28.4% |
| Trade receivables | 40 | €178,856 | €120,890 | -€57,965 | -32.4% |
| Other amounts receivable | 41 | €4,622 | €10,512 | +€5,889 | +127% |
| Current investments | 50/53 | €131,667 | €171,667 | +€40,000 | +30.4% |
| Cash at bank and in hand | 54/58 | €80,258 | €122,824 | +€42,566 | +53.0% |
| Deferred charges and accrued income | 490/1 | €4,667 | €5,878 | +€1,212 | +26.0% |
| Total equity and liabilities | 10/49 | €623,140 | €637,325 | +€14,185 | +2.3% |
| Equity | 10/15 | €313,917 | €375,693 | +€61,777 | +19.7% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €214,759 | €276,536 | +€61,777 | +28.8% |
| Non-distributable reserves | 130/1 | €31,667 | €31,667 | = | 0.0% |
| Own shares acquired | 1312 | €31,667 | €31,667 | = | 0.0% |
| Distributable reserves | 133 | €183,092 | €244,869 | +€61,777 | +33.7% |
| Amounts payable | 17/49 | €309,224 | €261,631 | -€47,592 | -15.4% |
| Amounts payable after more than one year | 17 | €104,000 | €79,000 | -€25,000 | -24.0% |
| Other amounts payable | 178/9 | €104,000 | €79,000 | -€25,000 | -24.0% |
| Amounts payable within one year | 42/48 | €107,224 | €106,178 | -€1,045 | -1.0% |
| Trade debts | 44 | €52,475 | €61,358 | +€8,882 | +16.9% |
| Suppliers | 440/4 | €52,475 | €61,358 | +€8,882 | +16.9% |
| Taxes, remuneration and social security | 45 | €49,833 | €41,618 | -€8,215 | -16.5% |
| Taxes | 450/3 | €12,116 | €18,001 | +€5,885 | +48.6% |
| Remuneration and social security | 454/9 | €37,717 | €23,618 | -€14,099 | -37.4% |
| Other amounts payable | 47/48 | €4,915 | €3,203 | -€1,713 | -34.8% |
| Accrued charges and deferred income | 492/3 | €98,000 | €76,453 | -€21,547 | -22.0% |
| Remuneration, social security and pensions | 62 | €226,009 | €245,128 | +€19,119 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,472 | €22,956 | -€3,516 | -13.3% |
| Other operating charges | 640/8 | €652 | €719 | +€66 | +10.2% |
| Gross operating margin | 9900 | €332,758 | €343,168 | +€10,411 | +3.1% |
| Operating profit (loss) | 9901 | €79,625 | €74,366 | -€5,259 | -6.6% |
| Financial income | 75/76B | €1,500 | €1,528 | +€28 | +1.9% |
| Recurring financial income | 75 | €1,500 | €1,528 | +€28 | +1.9% |
| Financial charges | 65/66B | €7,376 | €7,921 | +€545 | +7.4% |
| Recurring financial charges | 65 | €7,376 | €7,921 | +€545 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €73,749 | €67,973 | -€5,775 | -7.8% |
| Income taxes | 67/77 | €6,727 | €6,197 | -€530 | -7.9% |
| Profit (loss) for the period | 9904 | €67,022 | €61,777 | -€5,245 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,022 | €61,777 | -€5,245 | -7.8% |
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 16 October 2026 via checked.be.