Knowledge Hub: 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.
Knowledge Hub
Largest movements
- Receivables within one year -€38,510
down €38,510 (-59.3%), from €64,929 to €26,420
of which Other amounts receivable: -€37,243
- Tangible fixed assets +€8,010
up €8,010 (+626%), from €1,279 to €9,288
- Trade debts -€45,999
down €45,999 (-51.9%), from €88,634 to €42,635
- Tax, wage and social debts +€27,201
up €27,201 (+173%), from €15,751 to €42,952
of which Remuneration and social security: +€15,304
- Current portion of long-term debt -€17,877
down €17,877 (-68.8%), from €25,984 to €8,108
- Debts after one year +€2,861
up €2,861, from €0 to €2,861
- Other debts +€2,662
up €2,662 (+228%), from €1,166 to €3,828
- Staff costs +€32,949
new in 2024: €32,949
- Gross operating margin +€6,694
up €6,694 (+17.0%), from €39,439 to €46,134
- Taxes -€6,188
down €6,188 (-61.7%), from €10,024 to €3,835
- Other operating charges -€1,248
down €1,248 (-45.8%), from €2,724 to €1,475
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,608 | €170,951 | -€29,657 | -14.8% |
| Fixed assets | 21/28 | €135,679 | €143,688 | +€8,010 | +5.9% |
| Tangible fixed assets | 22/27 | €1,279 | €9,288 | +€8,010 | +626% |
| Furniture and vehicles | 24 | €1,279 | €9,288 | +€8,010 | +626% |
| Financial fixed assets | 28 | €134,400 | €134,400 | = | 0.0% |
| Current assets | 29/58 | €64,929 | €27,263 | -€37,666 | -58.0% |
| Amounts receivable within one year | 40/41 | €64,929 | €26,420 | -€38,510 | -59.3% |
| Trade receivables | 40 | €1,508 | €241 | -€1,267 | -84.0% |
| Other amounts receivable | 41 | €63,422 | €26,179 | -€37,243 | -58.7% |
| Cash at bank and in hand | 54/58 | €0 | €396 | +€396 | |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €200,608 | €170,951 | -€29,657 | -14.8% |
| Equity | 10/15 | €59,370 | €61,893 | +€2,523 | +4.2% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €43,170 | €45,693 | +€2,523 | +5.8% |
| Distributable reserves | 133 | €43,170 | €45,693 | +€2,523 | +5.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,238 | €109,059 | -€32,180 | -22.8% |
| Amounts payable after more than one year | 17 | €0 | €2,861 | +€2,861 | |
| Financial debts | 170/4 | €0 | €2,861 | +€2,861 | |
| Amounts payable within one year | 42/48 | €140,545 | €106,198 | -€34,347 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €25,984 | €8,108 | -€17,877 | -68.8% |
| Financial debts | 43 | €9,011 | €8,676 | -€335 | -3.7% |
| Credit institutions | 430/8 | €9,011 | €8,676 | -€335 | -3.7% |
| Trade debts | 44 | €88,634 | €42,635 | -€45,999 | -51.9% |
| Suppliers | 440/4 | €88,634 | €42,635 | -€45,999 | -51.9% |
| Taxes, remuneration and social security | 45 | €15,751 | €42,952 | +€27,201 | +173% |
| Taxes | 450/3 | €14,091 | €25,988 | +€11,897 | +84.4% |
| Remuneration and social security | 454/9 | €1,660 | €16,964 | +€15,304 | +922% |
| Other amounts payable | 47/48 | €1,166 | €3,828 | +€2,662 | +228% |
| Accrued charges and deferred income | 492/3 | €693 | €0 | -€693 | -100% |
| Non-recurring operating income | 76A | - | €1,499 | +€1,499 | |
| Remuneration, social security and pensions | 62 | - | €32,949 | +€32,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €817 | €1,220 | +€404 | +49.4% |
| Other operating charges | 640/8 | €2,724 | €1,475 | -€1,248 | -45.8% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €39,439 | €46,134 | +€6,694 | +17.0% |
| Operating profit (loss) | 9901 | €35,899 | €10,489 | -€25,410 | -70.8% |
| Financial income | 75/76B | €200 | €17 | -€183 | -91.6% |
| Recurring financial income | 75 | €200 | €17 | -€183 | -91.6% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €4,276 | €4,148 | -€129 | -3.0% |
| Recurring financial charges | 65 | €4,276 | €4,148 | -€129 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €31,822 | €6,358 | -€25,464 | -80.0% |
| Income taxes | 67/77 | €10,024 | €3,835 | -€6,188 | -61.7% |
| Profit (loss) for the period | 9904 | €21,799 | €2,523 | -€19,275 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,799 | €2,523 | -€19,275 | -88.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.