ACCADEMY: 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.
ACCADEMY
Largest movements
- Cash +€47,389
up €47,389 (+698.9%), from €6,781 to €54,169
mainly Net result for the year (+€42,151) and Short-term financial debts (+€7,111)
- Receivables within one year -€4,180
down €4,180 (-15.9%), from €26,366 to €22,186
of which Trade receivables: -€3,325
- Tangible fixed assets +€2,450
up €2,450 (+61.6%), from €3,977 to €6,427
of which Furniture and vehicles: +€2,895
- Reserves +€38,784
up €38,784 (+224.0%), from €17,315 to €56,098
- Short-term financial debts +€7,111
new in 2025: €7,111
- Other debts -€3,695
down €3,695 (-39.0%), from €9,485 to €5,790
- Tax, wage and social debts +€3,261
up €3,261 (+123.5%), from €2,641 to €5,903
- Gross operating margin +€54,354
up €54,354 (+702.3%), from €7,740 to €62,094
- Taxes +€14,271
up €14,271 (+652.3%), from €2,188 to €16,458
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 | €38,071 | €83,734 | +€45,663 | +119.9% |
| Fixed assets | 21/28 | €3,977 | €6,427 | +€2,450 | +61.6% |
| Tangible fixed assets | 22/27 | €3,977 | €6,427 | +€2,450 | +61.6% |
| Plant, machinery and equipment | 23 | €166 | €45 | -€120 | -72.6% |
| Furniture and vehicles | 24 | €2,609 | €5,504 | +€2,895 | +111.0% |
| Other tangible fixed assets | 26 | €1,203 | €878 | -€325 | -27.0% |
| Current assets | 29/58 | €34,094 | €77,307 | +€43,213 | +126.7% |
| Amounts receivable within one year | 40/41 | €26,366 | €22,186 | -€4,180 | -15.9% |
| Trade receivables | 40 | €21,699 | €18,374 | -€3,325 | -15.3% |
| Other amounts receivable | 41 | €4,667 | €3,812 | -€855 | -18.3% |
| Cash at bank and in hand | 54/58 | €6,781 | €54,169 | +€47,389 | +698.9% |
| Deferred charges and accrued income | 490/1 | €947 | €951 | +€4 | +0.4% |
| Total equity and liabilities | 10/49 | €38,071 | €83,734 | +€45,663 | +119.9% |
| Equity | 10/15 | €23,515 | €62,298 | +€38,784 | +164.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,315 | €56,098 | +€38,784 | +224.0% |
| Distributable reserves | 133 | €17,315 | €56,098 | +€38,784 | +224.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,557 | €21,436 | +€6,879 | +47.3% |
| Amounts payable within one year | 42/48 | €14,557 | €21,436 | +€6,879 | +47.3% |
| Financial debts | 43 | - | €7,111 | +€7,111 | |
| Credit institutions | 430/8 | - | €7,111 | +€7,111 | |
| Trade debts | 44 | €2,430 | €2,632 | +€202 | +8.3% |
| Suppliers | 440/4 | €2,430 | €2,632 | +€202 | +8.3% |
| Taxes, remuneration and social security | 45 | €2,641 | €5,903 | +€3,261 | +123.5% |
| Taxes | 450/3 | €2,641 | €5,903 | +€3,261 | +123.5% |
| Other amounts payable | 47/48 | €9,485 | €5,790 | -€3,695 | -39.0% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,814 | €2,051 | +€237 | +13.1% |
| Other operating charges | 640/8 | €809 | €860 | +€51 | +6.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €7,740 | €62,094 | +€54,354 | +702.3% |
| Operating profit (loss) | 9901 | €5,117 | €59,183 | +€54,066 | +1056.7% |
| Financial income | 75/76B | €0 | €80 | +€80 | +400800.0% |
| Recurring financial income | 75 | €0 | €80 | +€80 | +400800.0% |
| Financial charges | 65/66B | €563 | €654 | +€90 | +16.0% |
| Recurring financial charges | 65 | €563 | €654 | +€90 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €4,553 | €58,610 | +€54,056 | +1187.2% |
| Income taxes | 67/77 | €2,188 | €16,458 | +€14,271 | +652.3% |
| Profit (loss) for the period | 9904 | €2,366 | €42,151 | +€39,786 | +1681.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,366 | €42,151 | +€39,786 | +1681.8% |
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 6 October 2026 via checked.be.