KNOWLEX: what changed
Two fiscal 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.
KNOWLEX
Largest movements
- Cash -€28,518
down €28,518 (-45.6%), from €62,516 to €33,998
mainly Other debts (-€52,343) and Investment in fixed assets (net) (-€8,762)
- Intangible fixed assets +€7,721
new in 2025: €7,721
- Receivables within one year -€3,020
down €3,020 (-10.4%), from €28,961 to €25,942
of which Other amounts receivable: -€4,498
- Other debts -€52,343
down €52,343 (-100.0%), from €52,343 to €0
- Trade debts +€30,413
up €30,413 (+297.5%), from €10,221 to €40,634
- Tax, wage and social debts -€2,372
down €2,372 (-26.6%), from €8,913 to €6,541
of which Taxes: -€2,525
- Gross operating margin -€44,146
down €44,146 (-48.5%), from €91,053 to €46,907
- Taxes -€11,504
down €11,504 (-99.8%), from €11,521 to €18
- Depreciation +€1,041
up €1,041, from €0 to €1,041
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.
Cash bridge derived
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 | €91,477 | €67,851 | -€23,627 | -25.8% |
| Fixed assets | 21/28 | - | €7,721 | +€7,721 | |
| Intangible fixed assets | 21 | - | €7,721 | +€7,721 | |
| Current assets | 29/58 | €91,477 | €60,130 | -€31,347 | -34.3% |
| Amounts receivable within one year | 40/41 | €28,961 | €25,942 | -€3,020 | -10.4% |
| Trade receivables | 40 | €16,813 | €18,291 | +€1,479 | +8.8% |
| Other amounts receivable | 41 | €12,149 | €7,650 | -€4,498 | -37.0% |
| Cash at bank and in hand | 54/58 | €62,516 | €33,998 | -€28,518 | -45.6% |
| Deferred charges and accrued income | 490/1 | €0 | €190 | +€190 | |
| Total equity and liabilities | 10/49 | €91,477 | €67,851 | -€23,627 | -25.8% |
| Equity | 10/15 | €20,000 | €20,675 | +€675 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €675 | +€675 | |
| Distributable reserves | 133 | - | €675 | +€675 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,477 | €47,176 | -€24,302 | -34.0% |
| Amounts payable within one year | 42/48 | €71,477 | €47,176 | -€24,302 | -34.0% |
| Trade debts | 44 | €10,221 | €40,634 | +€30,413 | +297.5% |
| Suppliers | 440/4 | €10,221 | €40,634 | +€30,413 | +297.5% |
| Taxes, remuneration and social security | 45 | €8,913 | €6,541 | -€2,372 | -26.6% |
| Taxes | 450/3 | €2,543 | €18 | -€2,525 | -99.3% |
| Remuneration and social security | 454/9 | €6,370 | €6,524 | +€153 | +2.4% |
| Other amounts payable | 47/48 | €52,343 | €0 | -€52,343 | -100.0% |
| Remuneration, social security and pensions | 62 | €44,334 | €44,388 | +€54 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,041 | +€1,041 | |
| Other operating charges | 640/8 | €692 | €562 | -€130 | -18.8% |
| Gross operating margin | 9900 | €91,053 | €46,907 | -€44,146 | -48.5% |
| Operating profit (loss) | 9901 | €46,027 | €916 | -€45,111 | -98.0% |
| Financial income | 75/76B | €10 | €10 | +€0 | +1.3% |
| Recurring financial income | 75 | €10 | €10 | +€0 | +1.3% |
| Financial charges | 65/66B | €246 | €234 | -€12 | -4.8% |
| Recurring financial charges | 65 | €246 | €234 | -€12 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €45,792 | €693 | -€45,099 | -98.5% |
| Income taxes | 67/77 | €11,521 | €18 | -€11,504 | -99.8% |
| Profit (loss) for the period | 9904 | €34,271 | €675 | -€33,596 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,271 | €675 | -€33,596 | -98.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.