CERAN: 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.
What changed
CERAN
NACE 85.599, Other education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€265,689
2024 · -€205,063+€470,751
Equity
€668,390
2024 · €402,702+€265,689
Cash
€273,315
2024 · €216,056+€57,259
Balance sheet total
€5.3m
2024 · €5.5m-€184,280
Largest movements
Assets
- Tangible fixed assets -€257,911
down €257,911 (-18.8%), from €1.4m to €1.1m
of which Land and buildings: -€157,754
- Deferred charges and accrued income -€87,092
down €87,092 (-47.7%), from €182,563 to €95,472
- Receivables within one year +€73,332
up €73,332 (+4.9%), from €1.5m to €1.6m
of which Trade receivables: +€87,216
- Cash +€57,259
up €57,259 (+26.5%), from €216,056 to €273,315
mainly Depreciation (+€614,049) and Short-term financial debts (+€441,323)
Equity and liabilities
- Debts after one year -€686,503
down €686,503 (-36.6%), from €1.9m to €1.2m
- Short-term financial debts +€441,323
up €441,323 (+71.9%), from €613,497 to €1.1m
- Profit (loss) carried forward +€265,689
up €265,689, from -€205,063 to €60,626
- Trade debts -€160,251
down €160,251 (-21.1%), from €760,144 to €599,892
- Provisions -€117,389
down €117,389 (-100%), from €117,389 to €0
Income statement
- Staff costs +€287,936
up €287,936 (+7.4%), from €3.9m to €4.2m
- Services and other goods -€241,701
down €241,701 (-4.3%), from €5.6m to €5.3m
- Financial income +€223,654
up €223,654 (+292%), from €76,722 to €300,376
- Turnover -€157,937
down €157,937 (-1.7%), from €9.2m to €9.1m
- Depreciation -€120,757
down €120,757 (-16.4%), from €734,806 to €614,049
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
-€205,063
Turnover
-€157,937
Other operating income
+€86,810
Goods and materials
-€8,261
Services and other goods
+€241,701
Staff costs
-€287,936
Depreciation
+€120,757
Write-downs
-€20,158
Other operating charges
+€22,065
Other operating items
+€202,704
Financial income
+€223,654
Financial charges
+€47,553
Taxes
-€200
Result 2025
€265,689
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€690,333
Investment
-€387,895
Financing
-€245,180
Cash 2024
€216,056
From operations (derived)
+€690,333
Net result for the year
+€265,689
Depreciation
+€614,049
Stocks and contracts
+€1,625
Receivables within one year
-€73,332
Deferred charges and accrued income
+€87,092
Provisions
-€117,389
Trade debts
-€160,251
Tax, wage and social debts
+€77,938
Advances received
+€44,585
Accrued charges and deferred income
-€49,671
Investment (derived)
-€387,895
Investment in fixed assets (net)
-€387,895
Financing
-€245,180
Debts after one year
-€686,503
Short-term financial debts
+€441,323
Cash 2025
€273,315
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,490,260 | €5,305,980 | -€184,280 | -3.4% |
| Fixed assets | 21/28 | €3,541,751 | €3,315,597 | -€226,155 | -6.4% |
| Intangible fixed assets | 21 | €890,066 | €906,345 | +€16,278 | +1.8% |
| Tangible fixed assets | 22/27 | €1,373,055 | €1,115,144 | -€257,911 | -18.8% |
| Land and buildings | 22 | €1,120,122 | €962,368 | -€157,754 | -14.1% |
| Plant, machinery and equipment | 23 | €72,147 | €51,011 | -€21,136 | -29.3% |
| Furniture and vehicles | 24 | €146,309 | €67,287 | -€79,022 | -54.0% |
| Other tangible fixed assets | 26 | €34,477 | €34,477 | = | 0.0% |
| Financial fixed assets | 28 | €1,278,630 | €1,294,108 | +€15,478 | +1.2% |
| Affiliated companies | 280/1 | €1,257,058 | €1,257,058 | = | 0.0% |
| Participating interests | 280 | €160,000 | €1,257,058 | +€1.1m | +686% |
| Amounts receivable | 281 | €1,097,058 | €0 | -€1.1m | -100% |
| Other financial fixed assets | 284/8 | €21,572 | €37,050 | +€15,478 | +71.8% |
| Amounts receivable and cash guarantees | 285/8 | €21,572 | €37,050 | +€15,478 | +71.8% |
| Current assets | 29/58 | €1,948,509 | €1,990,384 | +€41,875 | +2.1% |
| Stocks and contracts in progress | 3 | €53,518 | €51,893 | -€1,625 | -3.0% |
| Stocks | 30/36 | €53,518 | €51,893 | -€1,625 | -3.0% |
| Goods purchased for resale | 34 | €53,518 | €51,893 | -€1,625 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,496,257 | €1,569,590 | +€73,332 | +4.9% |
| Trade receivables | 40 | €1,471,503 | €1,558,719 | +€87,216 | +5.9% |
| Other amounts receivable | 41 | €24,754 | €10,870 | -€13,884 | -56.1% |
| Current investments | 50/53 | €114 | €114 | = | 0.0% |
| Own shares | 50 | €114 | €114 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €216,056 | €273,315 | +€57,259 | +26.5% |
| Deferred charges and accrued income | 490/1 | €182,563 | €95,472 | -€87,092 | -47.7% |
| Total equity and liabilities | 10/49 | €5,490,260 | €5,305,980 | -€184,280 | -3.4% |
| Equity | 10/15 | €402,702 | €668,390 | +€265,689 | +66.0% |
| Contributions | 10/11 | €557,650 | €557,650 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Contributions outside capital | 11 | €57,650 | €57,650 | = | 0.0% |
| Share premium | 1100/10 | €57,650 | €57,650 | = | 0.0% |
| Reserves | 13 | €50,114 | €50,114 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,114 | €50,114 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Own shares acquired | 1312 | €114 | €114 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,063 | €60,626 | +€265,689 | |
| Provisions and deferred taxes | 16 | €117,389 | €0 | -€117,389 | -100% |
| Provisions for liabilities and charges | 160/5 | €117,389 | €0 | -€117,389 | -100% |
| Other liabilities and charges | 164/5 | €117,389 | €0 | -€117,389 | -100% |
| Amounts payable | 17/49 | €4,970,169 | €4,637,590 | -€332,580 | -6.7% |
| Amounts payable after more than one year | 17 | €1,874,596 | €1,188,093 | -€686,503 | -36.6% |
| Financial debts | 170/4 | €1,874,596 | €1,188,093 | -€686,503 | -36.6% |
| Other loans | 174 | €1,874,596 | €1,188,093 | -€686,503 | -36.6% |
| Amounts payable within one year | 42/48 | €2,014,732 | €2,418,326 | +€403,595 | +20.0% |
| Financial debts | 43 | €613,497 | €1,054,820 | +€441,323 | +71.9% |
| Other loans | 439 | €613,497 | €1,054,820 | +€441,323 | +71.9% |
| Trade debts | 44 | €760,144 | €599,892 | -€160,251 | -21.1% |
| Suppliers | 440/4 | €760,144 | €599,892 | -€160,251 | -21.1% |
| Advances received on contracts in progress | 46 | €30,777 | €75,362 | +€44,585 | +145% |
| Taxes, remuneration and social security | 45 | €610,314 | €688,252 | +€77,938 | +12.8% |
| Taxes | 450/3 | €137,047 | €147,797 | +€10,750 | +7.8% |
| Remuneration and social security | 454/9 | €473,267 | €540,455 | +€67,188 | +14.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,080,842 | €1,031,171 | -€49,671 | -4.6% |
| Operating income | 70/76A | €10,781,466 | €10,810,339 | +€28,873 | +0.3% |
| Turnover | 70 | €9,241,132 | €9,083,195 | -€157,937 | -1.7% |
| Other operating income | 74 | €340,334 | €427,144 | +€86,810 | +25.5% |
| Non-recurring operating income | 76A | €1,200,000 | €1,300,000 | +€100,000 | +8.3% |
| Operating charges | 60/66A | €10,876,675 | €10,705,804 | -€170,871 | -1.6% |
| Goods for resale, raw materials and consumables | 60 | €391,736 | €399,998 | +€8,261 | +2.1% |
| Purchases | 600/8 | €380,142 | €398,372 | +€18,230 | +4.8% |
| Change in stocks: decrease (increase) | 609 | €11,594 | €1,625 | -€9,969 | -86.0% |
| Services and other goods | 61 | €5,573,263 | €5,331,562 | -€241,701 | -4.3% |
| Remuneration, social security and pensions | 62 | €3,894,095 | €4,182,031 | +€287,936 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €734,806 | €614,049 | -€120,757 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,790 | €26,948 | +€20,158 | +297% |
| Other operating charges | 640/8 | €108,391 | €86,326 | -€22,065 | -20.4% |
| Non-recurring operating charges | 66A | €167,594 | €64,890 | -€102,704 | -61.3% |
| Operating profit (loss) | 9901 | -€95,209 | €104,535 | +€199,744 | |
| Financial income | 75/76B | €76,722 | €300,376 | +€223,654 | +292% |
| Recurring financial income | 75 | €76,722 | €300,376 | +€223,654 | +292% |
| Income from financial fixed assets | 750 | €76,380 | €300,000 | +€223,620 | +293% |
| Income from current assets | 751 | €12 | €9 | -€4 | -29.4% |
| Other financial income | 752/9 | €330 | €367 | +€37 | +11.3% |
| Financial charges | 65/66B | €185,323 | €137,770 | -€47,553 | -25.7% |
| Recurring financial charges | 65 | €185,323 | €137,770 | -€47,553 | -25.7% |
| Debt charges | 650 | €169,476 | €123,126 | -€46,349 | -27.3% |
| Other financial charges | 652/9 | €15,848 | €14,644 | -€1,204 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€203,811 | €267,141 | +€470,951 | |
| Income taxes | 67/77 | €1,252 | €1,452 | +€200 | +16.0% |
| Taxes | 670/3 | €1,252 | €1,453 | +€201 | +16.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | +€0 | +725% |
| Profit (loss) for the period | 9904 | -€205,063 | €265,689 | +€470,751 | |
| Profit (loss) for the period to be appropriated | 9905 | -€205,063 | €265,689 | +€470,751 |
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.