Cultural & Linguistic Experience Program: 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.
Cultural & Linguistic Experience Program
Largest movements
- Tangible fixed assets +€269,162
up €269,162 (+24.9%), from €1.1m to €1.3m
of which Land and buildings: +€284,374
- Cash +€180,334
up €180,334 (+57.9%), from €311,303 to €491,637
mainly Accrued charges and deferred income (+€361,266) and Debts after one year (+€164,574)
- Current investments +€101,885
up €101,885 (+16.9%), from €601,946 to €703,831
- Accrued charges and deferred income +€361,266
up €361,266 (+34.9%), from €1.0m to €1.4m
- Debts after one year +€164,574
up €164,574 (+20.2%), from €813,916 to €978,490
of which Financial debts: +€164,574
- Reserves +€34,516
up €34,516 (+13.6%), from €254,175 to €288,691
- Financial income +€71,865
up €71,865 (+111%), from €65,032 to €136,896
- Financial charges +€29,000
up €29,000 (+23.4%), from €123,717 to €152,717
- Staff costs +€17,726
up €17,726 (+6.9%), from €257,118 to €274,844
- Depreciation +€5,778
up €5,778 (+6.2%), from €93,366 to €99,143
- Gross operating margin -€5,713
down €5,713 (-1.1%), from €498,220 to €492,507
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 | €2,430,169 | €3,022,597 | +€592,428 | +24.4% |
| Fixed assets | 21/28 | €1,086,341 | €1,353,108 | +€266,767 | +24.6% |
| Intangible fixed assets | 21 | €5,774 | €3,379 | -€2,395 | -41.5% |
| Tangible fixed assets | 22/27 | €1,079,657 | €1,348,819 | +€269,162 | +24.9% |
| Land and buildings | 22 | €1,005,842 | €1,290,216 | +€284,374 | +28.3% |
| Plant, machinery and equipment | 23 | €42,964 | €45,482 | +€2,518 | +5.9% |
| Furniture and vehicles | 24 | €30,851 | €13,121 | -€17,730 | -57.5% |
| Financial fixed assets | 28 | €910 | €910 | = | 0.0% |
| Current assets | 29/58 | €1,343,828 | €1,669,490 | +€325,661 | +24.2% |
| Amounts receivable within one year | 40/41 | €235,794 | €254,815 | +€19,021 | +8.1% |
| Trade receivables | 40 | €233,783 | €247,120 | +€13,337 | +5.7% |
| Other amounts receivable | 41 | €2,011 | €7,695 | +€5,684 | +283% |
| Current investments | 50/53 | €601,946 | €703,831 | +€101,885 | +16.9% |
| Cash at bank and in hand | 54/58 | €311,303 | €491,637 | +€180,334 | +57.9% |
| Deferred charges and accrued income | 490/1 | €194,785 | €219,206 | +€24,421 | +12.5% |
| Total equity and liabilities | 10/49 | €2,430,169 | €3,022,597 | +€592,428 | +24.4% |
| Equity | 10/15 | €385,350 | €412,367 | +€27,017 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €112,576 | €105,076 | -€7,499 | -6.7% |
| Reserves | 13 | €254,175 | €288,691 | +€34,516 | +13.6% |
| Distributable reserves | 133 | €254,175 | €288,691 | +€34,516 | +13.6% |
| Amounts payable | 17/49 | €2,044,819 | €2,610,230 | +€565,412 | +27.7% |
| Amounts payable after more than one year | 17 | €813,916 | €978,490 | +€164,574 | +20.2% |
| Financial debts | 170/4 | €813,668 | €978,242 | +€164,574 | +20.2% |
| Other amounts payable | 178/9 | €248 | €248 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194,384 | €233,956 | +€39,572 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €109,982 | €129,142 | +€19,159 | +17.4% |
| Trade debts | 44 | €30,554 | €28,387 | -€2,167 | -7.1% |
| Suppliers | 440/4 | €30,554 | €28,387 | -€2,167 | -7.1% |
| Taxes, remuneration and social security | 45 | €29,979 | €34,071 | +€4,092 | +13.6% |
| Taxes | 450/3 | €5,286 | €8,005 | +€2,719 | +51.4% |
| Remuneration and social security | 454/9 | €24,693 | €26,066 | +€1,373 | +5.6% |
| Other amounts payable | 47/48 | €23,870 | €42,357 | +€18,487 | +77.5% |
| Accrued charges and deferred income | 492/3 | €1,036,518 | €1,397,784 | +€361,266 | +34.9% |
| Remuneration, social security and pensions | 62 | €257,118 | €274,844 | +€17,726 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,366 | €99,143 | +€5,778 | +6.2% |
| Other operating charges | 640/8 | €18,594 | €22,221 | +€3,628 | +19.5% |
| Gross operating margin | 9900 | €498,220 | €492,507 | -€5,713 | -1.1% |
| Operating profit (loss) | 9901 | €129,143 | €96,299 | -€32,845 | -25.4% |
| Financial income | 75/76B | €65,032 | €136,896 | +€71,865 | +111% |
| Recurring financial income | 75 | €65,032 | €136,896 | +€71,865 | +111% |
| Financial charges | 65/66B | €123,717 | €152,717 | +€29,000 | +23.4% |
| Recurring financial charges | 65 | €123,717 | €152,717 | +€29,000 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €70,458 | €80,478 | +€10,020 | +14.2% |
| Income taxes | 67/77 | €18,616 | €23,462 | +€4,845 | +26.0% |
| Profit (loss) for the period | 9904 | €51,841 | €57,017 | +€5,175 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,841 | €57,017 | +€5,175 | +10.0% |
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 28 October 2026 via checked.be.