KNOWLEDGE PARTNERS: 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 PARTNERS
Largest movements
- Tangible fixed assets -€24,101
down €24,101 (-13.4%), from €179,773 to €155,672
of which Furniture and vehicles: -€17,474
- Cash +€19,263
up €19,263 (+147%), from €13,126 to €32,389
mainly Net result for the year (+€34,144) and Depreciation (+€31,513)
- Receivables within one year +€5,070
up €5,070 (+37.6%), from €13,470 to €18,540
of which Trade receivables: +€5,760
- Reserves +€32,500
up €32,500 (+33.6%), from €96,720 to €129,220
of which Distributable reserves: +€32,500
- Other debts -€14,804
down €14,804 (-50.5%), from €29,296 to €14,492
- Tax, wage and social debts -€10,918
down €10,918 (-25.0%), from €43,693 to €32,775
of which Taxes: -€10,918
- Current portion of long-term debt -€10,183
down €10,183 (-21.5%), from €47,390 to €37,207
- Gross operating margin +€61,112
up €61,112 (+84.0%), from €72,757 to €133,869
- Turnover +€58,872
up €58,872 (+50.6%), from €116,253 to €175,126
- Staff costs +€30,297
up €30,297 (+197%), from €15,371 to €45,668
- Depreciation +€15,311
up €15,311 (+94.5%), from €16,202 to €31,513
- Taxes +€6,487
up €6,487 (+77.7%), from €8,353 to €14,840
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 | €256,742 | €256,973 | +€232 | +0.1% |
| Fixed assets | 21/28 | €179,773 | €155,672 | -€24,101 | -13.4% |
| Tangible fixed assets | 22/27 | €179,773 | €155,672 | -€24,101 | -13.4% |
| Plant, machinery and equipment | 23 | €31,718 | €29,721 | -€1,997 | -6.3% |
| Furniture and vehicles | 24 | €119,815 | €102,341 | -€17,474 | -14.6% |
| Other tangible fixed assets | 26 | €28,241 | €23,610 | -€4,631 | -16.4% |
| Current assets | 29/58 | €76,969 | €101,302 | +€24,333 | +31.6% |
| Amounts receivable within one year | 40/41 | €13,470 | €18,540 | +€5,070 | +37.6% |
| Trade receivables | 40 | €8,103 | €13,862 | +€5,760 | +71.1% |
| Other amounts receivable | 41 | €5,367 | €4,678 | -€689 | -12.8% |
| Current investments | 50/53 | €48,778 | €48,778 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,126 | €32,389 | +€19,263 | +147% |
| Deferred charges and accrued income | 490/1 | €1,594 | €1,594 | = | 0.0% |
| Total equity and liabilities | 10/49 | €256,742 | €256,973 | +€232 | +0.1% |
| Equity | 10/15 | €112,213 | €146,357 | +€34,144 | +30.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €96,720 | €129,220 | +€32,500 | +33.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €94,860 | €127,360 | +€32,500 | +34.3% |
| Profit (loss) carried forward | 14 | €3,093 | €4,738 | +€1,644 | +53.2% |
| Amounts payable | 17/49 | €144,529 | €110,616 | -€33,913 | -23.5% |
| Amounts payable within one year | 42/48 | €144,529 | €110,616 | -€33,913 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €47,390 | €37,207 | -€10,183 | -21.5% |
| Trade debts | 44 | €24,150 | €26,142 | +€1,992 | +8.2% |
| Suppliers | 440/4 | €24,150 | €26,142 | +€1,992 | +8.2% |
| Taxes, remuneration and social security | 45 | €43,693 | €32,775 | -€10,918 | -25.0% |
| Taxes | 450/3 | €41,939 | €31,021 | -€10,918 | -26.0% |
| Remuneration and social security | 454/9 | €1,754 | €1,754 | = | 0.0% |
| Other amounts payable | 47/48 | €29,296 | €14,492 | -€14,804 | -50.5% |
| Turnover | 70 | €116,253 | €175,126 | +€58,872 | +50.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,497 | €41,257 | -€2,240 | -5.1% |
| Remuneration, social security and pensions | 62 | €15,371 | €45,668 | +€30,297 | +197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,202 | €31,513 | +€15,311 | +94.5% |
| Other operating charges | 640/8 | €2,900 | €2,392 | -€508 | -17.5% |
| Gross operating margin | 9900 | €72,757 | €133,869 | +€61,112 | +84.0% |
| Operating profit (loss) | 9901 | €38,285 | €54,296 | +€16,011 | +41.8% |
| Financial income | 75/76B | €1,443 | €726 | -€717 | -49.7% |
| Recurring financial income | 75 | €961 | €726 | -€236 | -24.5% |
| Non-recurring financial income | 76B | €482 | - | -€482 | |
| Financial charges | 65/66B | €1,534 | €6,037 | +€4,503 | +294% |
| Recurring financial charges | 65 | €1,534 | €3,719 | +€2,185 | +142% |
| Non-recurring financial charges | 66B | - | €2,318 | +€2,318 | |
| Profit (loss) for the period before taxes | 9903 | €38,194 | €48,985 | +€10,791 | +28.3% |
| Income taxes | 67/77 | €8,353 | €14,840 | +€6,487 | +77.7% |
| Profit (loss) for the period | 9904 | €29,841 | €34,144 | +€4,304 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,841 | €34,144 | +€4,304 | +14.4% |
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 14 October 2026 via checked.be.