Academic Software: 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.
What changed
Academic Software
NACE 46.500, Wholesale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€789,691
2024 · €397,952+€391,739
Equity
€2.5m
2024 · €1.7m+€793,310
Cash
€329,342
2024 · €1.1m-€782,706
Balance sheet total
€11.6m
2024 · €12.3m-€732,320
Largest movements
Assets
- Cash -€782,706
down €782,706 (-70.4%), from €1.1m to €329,342
mainly Investment in fixed assets (net) (-€1.2m) and Debts after one year (-€1.2m)
- Receivables within one year -€679,676
down €679,676 (-12.3%), from €5.5m to €4.9m
of which Trade receivables: -€794,612
- Financial fixed assets +€547,595
up €547,595 (+28.2%), from €1.9m to €2.5m
of which Affiliated companies: +€340,000
- Intangible fixed assets +€226,732
up €226,732 (+19.1%), from €1.2m to €1.4m
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-73.1%), from €1.6m to €429,500
- Profit (loss) carried forward +€789,691
up €789,691 (+1568.7%), from €50,342 to €840,033
- Trade debts -€332,349
down €332,349 (-11.6%), from €2.9m to €2.5m
- Other debts +€237,493
up €237,493 (+213.0%), from €111,507 to €349,000
- Accrued charges and deferred income -€217,879
down €217,879 (-49.5%), from €439,826 to €221,947
Income statement
- Turnover +€5.0m
up €5.0m (+11.9%), from €42.1m to €47.1m
- Goods and materials +€4.1m
up €4.1m (+12.9%), from €32.1m to €36.2m
of which Purchases: +€3.9m
- Services and other goods +€1.0m
up €1.0m (+14.8%), from €6.8m to €7.8m
- Staff costs -€563,756
down €563,756 (-19.0%), from €3.0m to €2.4m
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.
Result 2024
€397,952
Turnover
+€5.0m
Other operating income
+€316,272
Goods and materials
-€4.1m
Services and other goods
-€1.0m
Staff costs
+€563,756
Depreciation
-€146,523
Write-downs
-€26,308
Other operating charges
-€101,236
Other operating items
-€69,129
Financial income
+€72,352
Financial charges
-€83,287
Taxes
+€7,351
Result 2025
€789,691
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.
From operations
+€1.5m
Investment
-€1.2m
Financing
-€1.0m
Cash 2024
€1.1m
From operations (derived)
+€1.5m
Net result for the year
+€789,691
Depreciation
+€493,822
Receivables after one year
-€9,138
Stocks and contracts
+€109,019
Receivables within one year
+€679,676
Deferred charges and accrued income
-€75,973
Trade debts
-€332,349
Tax, wage and social debts
-€183,938
Other debts
+€237,493
Accrued charges and deferred income
-€217,879
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€1.0m
Debts after one year
-€1.2m
Current portion of long-term debt
-€22,516
Short-term financial debts
+€161,559
Contributions, distributions and other
+€3,619
Cash 2025
€329,342
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,300,312 | €11,567,992 | -€732,320 | -6.0% |
| Fixed assets | 21/28 | €3,179,601 | €3,933,571 | +€753,970 | +23.7% |
| Intangible fixed assets | 21 | €1,186,733 | €1,413,465 | +€226,732 | +19.1% |
| Tangible fixed assets | 22/27 | €51,075 | €30,718 | -€20,357 | -39.9% |
| Plant, machinery and equipment | 23 | €1,520 | €6,811 | +€5,291 | +348.1% |
| Furniture and vehicles | 24 | €9,839 | €7,567 | -€2,272 | -23.1% |
| Other tangible fixed assets | 26 | €39,716 | €9,565 | -€30,151 | -75.9% |
| Assets under construction and advance payments | 27 | - | €6,775 | +€6,775 | |
| Financial fixed assets | 28 | €1,941,793 | €2,489,388 | +€547,595 | +28.2% |
| Affiliated companies | 280/1 | €1,645,370 | €1,985,370 | +€340,000 | +20.7% |
| Participating interests | 280 | €1,645,370 | €1,985,370 | +€340,000 | +20.7% |
| Other financial fixed assets | 284/8 | €296,423 | €504,018 | +€207,595 | +70.0% |
| Amounts receivable and cash guarantees | 285/8 | €296,423 | €504,018 | +€207,595 | +70.0% |
| Current assets | 29/58 | €9,120,711 | €7,634,421 | -€1.5m | -16.3% |
| Amounts receivable after more than one year | 29 | €2,064,442 | €2,073,580 | +€9,138 | +0.4% |
| Other amounts receivable | 291 | €2,064,442 | €2,073,580 | +€9,138 | +0.4% |
| Stocks and contracts in progress | 3 | €339,857 | €230,838 | -€109,019 | -32.1% |
| Stocks | 30/36 | €339,857 | €230,838 | -€109,019 | -32.1% |
| Goods purchased for resale | 34 | €339,857 | €230,838 | -€109,019 | -32.1% |
| Amounts receivable within one year | 40/41 | €5,534,206 | €4,854,530 | -€679,676 | -12.3% |
| Trade receivables | 40 | €4,230,829 | €3,436,217 | -€794,612 | -18.8% |
| Other amounts receivable | 41 | €1,303,377 | €1,418,313 | +€114,936 | +8.8% |
| Cash at bank and in hand | 54/58 | €1,112,048 | €329,342 | -€782,706 | -70.4% |
| Deferred charges and accrued income | 490/1 | €70,158 | €146,131 | +€75,973 | +108.3% |
| Total equity and liabilities | 10/49 | €12,300,312 | €11,567,992 | -€732,320 | -6.0% |
| Equity | 10/15 | €1,732,968 | €2,526,278 | +€793,310 | +45.8% |
| Contributions | 10/11 | €1,680,766 | €1,680,766 | = | 0.0% |
| Reserves | 13 | €1,860 | €5,479 | +€3,619 | +194.6% |
| Distributable reserves | 133 | €1,860 | €5,479 | +€3,619 | +194.6% |
| Profit (loss) carried forward | 14 | €50,342 | €840,033 | +€789,691 | +1568.7% |
| Amounts payable | 17/49 | €10,567,344 | €9,041,714 | -€1.5m | -14.4% |
| Amounts payable after more than one year | 17 | €1,597,500 | €429,500 | -€1.2m | -73.1% |
| Financial debts | 170/4 | €1,597,500 | €429,500 | -€1.2m | -73.1% |
| Credit institutions | 173 | €647,500 | €429,500 | -€218,000 | -33.7% |
| Other loans | 174 | €950,000 | - | -€950,000 | |
| Amounts payable within one year | 42/48 | €8,530,018 | €8,390,267 | -€139,751 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €240,516 | €218,000 | -€22,516 | -9.4% |
| Financial debts | 43 | €4,699,241 | €4,860,800 | +€161,559 | +3.4% |
| Credit institutions | 430/8 | €4,699,241 | €4,860,800 | +€161,559 | +3.4% |
| Trade debts | 44 | €2,864,423 | €2,532,074 | -€332,349 | -11.6% |
| Suppliers | 440/4 | €2,864,423 | €2,532,074 | -€332,349 | -11.6% |
| Taxes, remuneration and social security | 45 | €614,331 | €430,393 | -€183,938 | -29.9% |
| Taxes | 450/3 | €1,143 | €14,705 | +€13,562 | +1186.5% |
| Remuneration and social security | 454/9 | €613,188 | €415,688 | -€197,500 | -32.2% |
| Other amounts payable | 47/48 | €111,507 | €349,000 | +€237,493 | +213.0% |
| Accrued charges and deferred income | 492/3 | €439,826 | €221,947 | -€217,879 | -49.5% |
| Operating income | 70/76A | €43,194,687 | €48,448,772 | +€5.3m | +12.2% |
| Turnover | 70 | €42,095,053 | €47,101,995 | +€5.0m | +11.9% |
| Own construction capitalised | 72 | €668,100 | €598,971 | -€69,129 | -10.3% |
| Other operating income | 74 | €431,534 | €747,806 | +€316,272 | +73.3% |
| Operating charges | 60/66A | €42,454,723 | €47,313,485 | +€4.9m | +11.4% |
| Goods for resale, raw materials and consumables | 60 | €32,061,570 | €36,206,374 | +€4.1m | +12.9% |
| Purchases | 600/8 | €32,156,761 | €36,097,355 | +€3.9m | +12.3% |
| Change in stocks: decrease (increase) | 609 | -€95,191 | €109,019 | +€204,210 | |
| Services and other goods | 61 | €6,774,209 | €7,777,856 | +€1.0m | +14.8% |
| Remuneration, social security and pensions | 62 | €2,973,779 | €2,410,023 | -€563,756 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347,299 | €493,822 | +€146,523 | +42.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €280,867 | €307,175 | +€26,308 | +9.4% |
| Other operating charges | 640/8 | €16,999 | €118,235 | +€101,236 | +595.5% |
| Operating profit (loss) | 9901 | €739,964 | €1,135,287 | +€395,323 | +53.4% |
| Financial income | 75/76B | €41,787 | €114,139 | +€72,352 | +173.1% |
| Recurring financial income | 75 | €41,787 | €114,139 | +€72,352 | +173.1% |
| Income from financial fixed assets | 750 | - | €106,814 | +€106,814 | |
| Income from current assets | 751 | €39,773 | - | -€39,773 | |
| Other financial income | 752/9 | €2,014 | €7,325 | +€5,311 | +263.7% |
| Financial charges | 65/66B | €376,448 | €459,735 | +€83,287 | +22.1% |
| Recurring financial charges | 65 | €376,448 | €459,735 | +€83,287 | +22.1% |
| Debt charges | 650 | €243,839 | €287,271 | +€43,432 | +17.8% |
| Other financial charges | 652/9 | €132,609 | €172,464 | +€39,855 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €405,303 | €789,691 | +€384,388 | +94.8% |
| Income taxes | 67/77 | €7,351 | - | -€7,351 | |
| Taxes | 670/3 | €7,351 | - | -€7,351 | |
| Profit (loss) for the period | 9904 | €397,952 | €789,691 | +€391,739 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €397,952 | €789,691 | +€391,739 | +98.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.