Academie: 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.
Academie
Largest movements
- Tangible fixed assets -€29,284
down €29,284 (-14.3%), from €204,636 to €175,352
of which Other tangible fixed assets: -€28,500
- Cash +€23,360
up €23,360 (+9.8%), from €238,352 to €261,712
mainly Net result for the year (+€68,348) and Depreciation (+€29,284)
- Stocks and contracts -€20,092
down €20,092 (-10.6%), from €190,389 to €170,297
- Deferred charges and accrued income -€12,162
down €12,162 (-72.9%), from €16,678 to €4,516
- Debts after one year -€39,924
down €39,924 (-45.7%), from €87,360 to €47,436
- Reserves +€38,348
up €38,348 (+54.9%), from €69,883 to €108,230
- Trade debts -€38,253
down €38,253 (-10.0%), from €381,328 to €343,075
- Tax, wage and social debts -€10,450
down €10,450 (-15.0%), from €69,531 to €59,081
of which Remuneration and social security: -€6,523
- Other debts +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Staff costs +€49,149
up €49,149 (+25.0%), from €196,773 to €245,922
- Gross operating margin +€29,401
up €29,401 (+8.3%), from €353,414 to €382,815
- Taxes -€4,420
down €4,420 (-14.8%), from €29,784 to €25,364
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 | €677,358 | €637,746 | -€39,612 | -5.8% |
| Fixed assets | 21/28 | €205,011 | €175,352 | -€29,659 | -14.5% |
| Tangible fixed assets | 22/27 | €204,636 | €175,352 | -€29,284 | -14.3% |
| Plant, machinery and equipment | 23 | €1,843 | €1,150 | -€693 | -37.6% |
| Furniture and vehicles | 24 | €91 | €0 | -€91 | -100% |
| Other tangible fixed assets | 26 | €202,701 | €174,201 | -€28,500 | -14.1% |
| Financial fixed assets | 28 | €375 | €0 | -€375 | -100% |
| Current assets | 29/58 | €472,348 | €462,395 | -€9,953 | -2.1% |
| Stocks and contracts in progress | 3 | €190,389 | €170,297 | -€20,092 | -10.6% |
| Stocks | 30/36 | €190,389 | €170,297 | -€20,092 | -10.6% |
| Amounts receivable within one year | 40/41 | €26,928 | €25,870 | -€1,058 | -3.9% |
| Trade receivables | 40 | €885 | €263 | -€622 | -70.3% |
| Other amounts receivable | 41 | €26,043 | €25,606 | -€436 | -1.7% |
| Cash at bank and in hand | 54/58 | €238,352 | €261,712 | +€23,360 | +9.8% |
| Deferred charges and accrued income | 490/1 | €16,678 | €4,516 | -€12,162 | -72.9% |
| Total equity and liabilities | 10/49 | €677,358 | €637,746 | -€39,612 | -5.8% |
| Equity | 10/15 | €79,883 | €118,230 | +€38,348 | +48.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €69,883 | €108,230 | +€38,348 | +54.9% |
| Distributable reserves | 133 | €69,883 | €108,230 | +€38,348 | +54.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €597,476 | €519,516 | -€77,960 | -13.0% |
| Amounts payable after more than one year | 17 | €87,360 | €47,436 | -€39,924 | -45.7% |
| Financial debts | 170/4 | €87,360 | €47,436 | -€39,924 | -45.7% |
| Amounts payable within one year | 42/48 | €510,116 | €472,080 | -€38,036 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €39,256 | €39,924 | +€667 | +1.7% |
| Trade debts | 44 | €381,328 | €343,075 | -€38,253 | -10.0% |
| Suppliers | 440/4 | €381,328 | €343,075 | -€38,253 | -10.0% |
| Taxes, remuneration and social security | 45 | €69,531 | €59,081 | -€10,450 | -15.0% |
| Taxes | 450/3 | €33,711 | €29,784 | -€3,927 | -11.6% |
| Remuneration and social security | 454/9 | €35,820 | €29,297 | -€6,523 | -18.2% |
| Other amounts payable | 47/48 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Remuneration, social security and pensions | 62 | €196,773 | €245,922 | +€49,149 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,520 | €29,284 | -€236 | -0.8% |
| Other operating charges | 640/8 | €141 | €862 | +€722 | +514% |
| Gross operating margin | 9900 | €353,414 | €382,815 | +€29,401 | +8.3% |
| Operating profit (loss) | 9901 | €126,981 | €106,746 | -€20,235 | -15.9% |
| Financial income | 75/76B | €892 | €134 | -€758 | -85.0% |
| Recurring financial income | 75 | €892 | €134 | -€758 | -85.0% |
| Financial charges | 65/66B | €12,806 | €13,168 | +€362 | +2.8% |
| Recurring financial charges | 65 | €12,806 | €13,168 | +€362 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €115,067 | €93,712 | -€21,355 | -18.6% |
| Income taxes | 67/77 | €29,784 | €25,364 | -€4,420 | -14.8% |
| Profit (loss) for the period | 9904 | €85,282 | €68,348 | -€16,935 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,282 | €68,348 | -€16,935 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.