GLOBAL KNOWLEDGE BELGIUM: 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.
GLOBAL KNOWLEDGE BELGIUM
Largest movements
- Cash -€360,317
down €360,317 (-58.6%), from €614,700 to €254,383
mainly Net result for the year (-€293,077) and Trade debts (-€88,380)
- Tangible fixed assets -€51,535
down €51,535 (-77.0%), from €66,893 to €15,358
of which Furniture and vehicles: -€50,635
- Receivables within one year +€37,254
up €37,254 (+3.5%), from €1.1m to €1.1m
of which Other amounts receivable: +€48,103
- Deferred charges and accrued income -€20,267
down €20,267 (-66.5%), from €30,472 to €10,205
- Profit (loss) carried forward -€293,077
down €293,077, from €230,741 to -€62,336
- Trade debts -€88,380
down €88,380 (-29.6%), from €298,292 to €209,912
- Tax, wage and social debts -€81,332
down €81,332 (-34.8%), from €233,544 to €152,212
of which Remuneration and social security: -€99,363
- Accrued charges and deferred income +€64,148
up €64,148 (+21.1%), from €303,452 to €367,600
- Turnover -€974,051
down €974,051 (-23.9%), from €4.1m to €3.1m
- Staff costs -€259,397
down €259,397 (-30.6%), from €848,704 to €589,307
- Goods and materials -€153,993
down €153,993 (-21.9%), from €703,675 to €549,682
- Financial income -€96,477
down €96,477 (-63.3%), from €152,516 to €56,040
- Taxes -€92,278
down €92,278 (-99.3%), from €92,923 to €645
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 | €1,810,460 | €1,415,595 | -€394,865 | -21.8% |
| Fixed assets | 21/28 | €101,120 | €49,586 | -€51,535 | -51.0% |
| Tangible fixed assets | 22/27 | €66,893 | €15,358 | -€51,535 | -77.0% |
| Plant, machinery and equipment | 23 | €15,957 | €15,057 | -€899 | -5.6% |
| Furniture and vehicles | 24 | €50,936 | €301 | -€50,635 | -99.4% |
| Financial fixed assets | 28 | €34,228 | €34,228 | = | 0.0% |
| Other financial fixed assets | 284/8 | €34,228 | €34,228 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €34,228 | €34,228 | = | 0.0% |
| Current assets | 29/58 | €1,709,340 | €1,366,010 | -€343,330 | -20.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,064,168 | €1,101,422 | +€37,254 | +3.5% |
| Trade receivables | 40 | €409,962 | €399,113 | -€10,849 | -2.6% |
| Other amounts receivable | 41 | €654,206 | €702,309 | +€48,103 | +7.4% |
| Cash at bank and in hand | 54/58 | €614,700 | €254,383 | -€360,317 | -58.6% |
| Deferred charges and accrued income | 490/1 | €30,472 | €10,205 | -€20,267 | -66.5% |
| Total equity and liabilities | 10/49 | €1,810,460 | €1,415,595 | -€394,865 | -21.8% |
| Equity | 10/15 | €251,146 | -€41,931 | -€293,077 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,741 | -€62,336 | -€293,077 | |
| Amounts payable | 17/49 | €1,559,314 | €1,457,526 | -€101,788 | -6.5% |
| Amounts payable within one year | 42/48 | €1,255,862 | €1,089,926 | -€165,936 | -13.2% |
| Trade debts | 44 | €298,292 | €209,912 | -€88,380 | -29.6% |
| Suppliers | 440/4 | €298,292 | €209,912 | -€88,380 | -29.6% |
| Taxes, remuneration and social security | 45 | €233,544 | €152,212 | -€81,332 | -34.8% |
| Taxes | 450/3 | €117,806 | €135,837 | +€18,031 | +15.3% |
| Remuneration and social security | 454/9 | €115,738 | €16,375 | -€99,363 | -85.9% |
| Other amounts payable | 47/48 | €724,026 | €727,802 | +€3,776 | +0.5% |
| Accrued charges and deferred income | 492/3 | €303,452 | €367,600 | +€64,148 | +21.1% |
| Operating income | 70/76A | €4,091,816 | €3,114,665 | -€977,152 | -23.9% |
| Turnover | 70 | €4,082,795 | €3,108,744 | -€974,051 | -23.9% |
| Other operating income | 74 | €9,021 | €5,921 | -€3,100 | -34.4% |
| Operating charges | 60/66A | €3,910,661 | €3,439,543 | -€471,118 | -12.0% |
| Goods for resale, raw materials and consumables | 60 | €703,675 | €549,682 | -€153,993 | -21.9% |
| Purchases | 600/8 | €703,675 | €549,682 | -€153,993 | -21.9% |
| Services and other goods | 61 | €2,272,019 | €2,231,700 | -€40,319 | -1.8% |
| Remuneration, social security and pensions | 62 | €848,704 | €589,307 | -€259,397 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,150 | €68,373 | -€777 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,192 | €0 | -€12,192 | -100% |
| Other operating charges | 640/8 | €4,922 | €481 | -€4,441 | -90.2% |
| Operating profit (loss) | 9901 | €181,155 | -€324,878 | -€506,034 | |
| Financial income | 75/76B | €152,516 | €56,040 | -€96,477 | -63.3% |
| Recurring financial income | 75 | €152,516 | €56,040 | -€96,477 | -63.3% |
| Income from current assets | 751 | €147,864 | €53,520 | -€94,344 | -63.8% |
| Other financial income | 752/9 | €4,653 | €2,520 | -€2,133 | -45.8% |
| Financial charges | 65/66B | €21,946 | €23,593 | +€1,647 | +7.5% |
| Recurring financial charges | 65 | €21,946 | €23,593 | +€1,647 | +7.5% |
| Debt charges | 650 | €9,376 | €8,338 | -€1,038 | -11.1% |
| Other financial charges | 652/9 | €12,570 | €15,255 | +€2,684 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €311,726 | -€292,431 | -€604,157 | |
| Income taxes | 67/77 | €92,923 | €645 | -€92,278 | -99.3% |
| Taxes | 670/3 | €92,923 | €645 | -€92,278 | -99.3% |
| Profit (loss) for the period | 9904 | €218,803 | -€293,077 | -€511,880 | |
| Profit (loss) for the period to be appropriated | 9905 | €218,803 | -€293,077 | -€511,880 |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.