Confluence: 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
Confluence
NACE 85.532, Education
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€32,024
2024 · €18,094-€50,118
Equity
€199,909
2024 · €231,934-€32,024
Cash
€15,132
2024 · €25,189-€10,057
Balance sheet total
€1.4m
2024 · €915,759+€479,098
Largest movements
Assets
- Tangible fixed assets +€480,995
up €480,995 (+55.7%), from €862,874 to €1.3m
of which Other tangible fixed assets: +€450,821
Equity and liabilities
- Other debts +€451,945
up €451,945 (+77.2%), from €585,603 to €1.0m
- Trade debts +€47,954
up €47,954 (+72.5%), from €66,186 to €114,140
- Profit (loss) carried forward -€29,024
down €29,024, from €256 to -€28,768
Income statement
- Depreciation +€70,397
up €70,397 (+117.8%), from €59,759 to €130,156
- Gross operating margin +€34,970
up €34,970 (+32.4%), from €107,830 to €142,800
- Financial charges +€6,364
up €6,364 (+83.5%), from €7,623 to €13,987
- Staff costs +€5,617
up €5,617 (+27.2%), from €20,683 to €26,300
- Other operating charges +€2,045
up €2,045 (+37.9%), from €5,390 to €7,435
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
€18,094
Gross operating margin
+€34,970
Staff costs
-€5,617
Depreciation
-€70,397
Other operating charges
-€2,045
Financial income
-€678
Financial charges
-€6,364
Taxes
+€13
Result 2025
-€32,024
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
+€601,095
Investment
-€611,151
Financing
€0
Cash 2024
€25,189
From operations (derived)
+€601,095
Net result for the year
-€32,024
Depreciation
+€130,156
Smaller working-capital items
+€341
Receivables within one year
-€8,500
Provisions
-€1,546
Trade debts
+€47,954
Tax, wage and social debts
+€3,617
Other debts
+€451,945
Accrued charges and deferred income
+€9,151
Investment (derived)
-€611,151
Investment in fixed assets (net)
-€611,151
Cash 2025
€15,132
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €915,759 | €1,394,856 | +€479,098 | +52.3% |
| Fixed assets | 21/28 | €867,659 | €1,348,654 | +€480,995 | +55.4% |
| Tangible fixed assets | 22/27 | €862,874 | €1,343,869 | +€480,995 | +55.7% |
| Land and buildings | 22 | €369,784 | €361,560 | -€8,224 | -2.2% |
| Plant, machinery and equipment | 23 | €62,735 | €101,934 | +€39,199 | +62.5% |
| Furniture and vehicles | 24 | €1,881 | €1,080 | -€801 | -42.6% |
| Other tangible fixed assets | 26 | €428,473 | €879,295 | +€450,821 | +105.2% |
| Financial fixed assets | 28 | €4,785 | €4,785 | = | 0.0% |
| Current assets | 29/58 | €48,100 | €46,202 | -€1,898 | -3.9% |
| Stocks and contracts in progress | 3 | €1,588 | €1,218 | -€371 | -23.3% |
| Stocks | 30/36 | €1,588 | €1,218 | -€371 | -23.3% |
| Amounts receivable within one year | 40/41 | €16,133 | €24,633 | +€8,500 | +52.7% |
| Trade receivables | 40 | €16,133 | €23,378 | +€7,244 | +44.9% |
| Other amounts receivable | 41 | - | €1,255 | +€1,255 | |
| Cash at bank and in hand | 54/58 | €25,189 | €15,132 | -€10,057 | -39.9% |
| Deferred charges and accrued income | 490/1 | €5,190 | €5,219 | +€30 | +0.6% |
| Total equity and liabilities | 10/49 | €915,759 | €1,394,856 | +€479,098 | +52.3% |
| Equity | 10/15 | €231,934 | €199,909 | -€32,024 | -13.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €213,086 | €210,086 | -€3,000 | -1.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,227 | €6,226 | -€3,000 | -32.5% |
| Distributable reserves | 133 | €202,000 | €202,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256 | -€28,768 | -€29,024 | |
| Provisions and deferred taxes | 16 | €4,841 | €3,296 | -€1,546 | -31.9% |
| Deferred taxes | 168 | €4,841 | €3,296 | -€1,546 | -31.9% |
| Amounts payable | 17/49 | €678,984 | €1,191,651 | +€512,667 | +75.5% |
| Amounts payable within one year | 42/48 | €662,023 | €1,165,539 | +€503,516 | +76.1% |
| Trade debts | 44 | €66,186 | €114,140 | +€47,954 | +72.5% |
| Suppliers | 440/4 | €66,186 | €114,140 | +€47,954 | +72.5% |
| Taxes, remuneration and social security | 45 | €10,234 | €13,851 | +€3,617 | +35.3% |
| Taxes | 450/3 | €6,460 | €11,319 | +€4,859 | +75.2% |
| Remuneration and social security | 454/9 | €3,774 | €2,532 | -€1,242 | -32.9% |
| Other amounts payable | 47/48 | €585,603 | €1,037,548 | +€451,945 | +77.2% |
| Accrued charges and deferred income | 492/3 | €16,961 | €26,112 | +€9,151 | +54.0% |
| Remuneration, social security and pensions | 62 | €20,683 | €26,300 | +€5,617 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,759 | €130,156 | +€70,397 | +117.8% |
| Other operating charges | 640/8 | €5,390 | €7,435 | +€2,045 | +37.9% |
| Gross operating margin | 9900 | €107,830 | €142,800 | +€34,970 | +32.4% |
| Operating profit (loss) | 9901 | €21,998 | -€21,092 | -€43,089 | |
| Financial income | 75/76B | €2,174 | €1,495 | -€678 | -31.2% |
| Recurring financial income | 75 | €2,174 | €1,495 | -€678 | -31.2% |
| Financial charges | 65/66B | €7,623 | €13,987 | +€6,364 | +83.5% |
| Recurring financial charges | 65 | €7,623 | €13,987 | +€6,364 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €16,549 | -€33,583 | -€50,131 | |
| Transfer from deferred taxes | 780 | €1,546 | €1,546 | = | 0.0% |
| Income taxes | 67/77 | - | -€13 | -€13 | |
| Profit (loss) for the period | 9904 | €18,094 | -€32,024 | -€50,118 | |
| Transfer from tax-exempt reserves | 789 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,094 | -€29,024 | -€50,118 |
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 10 October 2026 via checked.be.