ECOLE INFRA: 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.
ECOLE INFRA
Largest movements
- Receivables within one year +€189,584
up €189,584 (+73.2%), from €258,941 to €448,526
of which Trade receivables: +€130,492
- Cash -€27,681
down €27,681 (-65.0%), from €42,598 to €14,918
mainly Receivables within one year (-€189,584) and Investment in fixed assets (net) (-€15,031)
- Tangible fixed assets +€7,494
up €7,494 (+173%), from €4,338 to €11,832
of which Plant, machinery and equipment: +€6,062
- Profit (loss) carried forward +€132,548
up €132,548 (+72.2%), from €183,571 to €316,120
- Trade debts +€46,854
up €46,854 (+90.1%), from €51,982 to €98,836
- Tax, wage and social debts -€10,005
down €10,005 (-18.8%), from €53,358 to €43,353
of which Remuneration and social security: -€15,778
- Gross operating margin +€152,039
up €152,039 (+67.6%), from €224,748 to €376,787
- Staff costs +€124,282
up €124,282 (+185%), from €67,188 to €191,470
- Other operating charges +€4,006
up €4,006 (+103%), from €3,889 to €7,896
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 | €305,878 | €475,275 | +€169,397 | +55.4% |
| Fixed assets | 21/28 | €4,338 | €11,832 | +€7,494 | +173% |
| Tangible fixed assets | 22/27 | €4,338 | €11,832 | +€7,494 | +173% |
| Plant, machinery and equipment | 23 | €4,338 | €10,400 | +€6,062 | +140% |
| Furniture and vehicles | 24 | - | €1,432 | +€1,432 | |
| Current assets | 29/58 | €301,540 | €463,443 | +€161,904 | +53.7% |
| Amounts receivable within one year | 40/41 | €258,941 | €448,526 | +€189,584 | +73.2% |
| Trade receivables | 40 | €142,301 | €272,792 | +€130,492 | +91.7% |
| Other amounts receivable | 41 | €116,641 | €175,733 | +€59,093 | +50.7% |
| Cash at bank and in hand | 54/58 | €42,598 | €14,918 | -€27,681 | -65.0% |
| Total equity and liabilities | 10/49 | €305,878 | €475,275 | +€169,397 | +55.4% |
| Equity | 10/15 | €189,771 | €322,320 | +€132,548 | +69.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,571 | €316,120 | +€132,548 | +72.2% |
| Amounts payable | 17/49 | €116,107 | €152,956 | +€36,849 | +31.7% |
| Amounts payable after more than one year | 17 | €3,524 | €3,524 | = | 0.0% |
| Financial debts | 170/4 | €3,524 | €3,524 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,583 | €149,432 | +€36,849 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €7,244 | €7,244 | = | 0.0% |
| Trade debts | 44 | €51,982 | €98,836 | +€46,854 | +90.1% |
| Suppliers | 440/4 | €51,982 | €98,836 | +€46,854 | +90.1% |
| Taxes, remuneration and social security | 45 | €53,358 | €43,353 | -€10,005 | -18.8% |
| Taxes | 450/3 | €37,580 | €43,353 | +€5,773 | +15.4% |
| Remuneration and social security | 454/9 | €15,778 | - | -€15,778 | |
| Remuneration, social security and pensions | 62 | €67,188 | €191,470 | +€124,282 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,631 | €7,538 | -€2,093 | -21.7% |
| Other operating charges | 640/8 | €3,889 | €7,896 | +€4,006 | +103% |
| Gross operating margin | 9900 | €224,748 | €376,787 | +€152,039 | +67.6% |
| Operating profit (loss) | 9901 | €144,039 | €169,884 | +€25,844 | +17.9% |
| Financial charges | 65/66B | €617 | €835 | +€218 | +35.3% |
| Recurring financial charges | 65 | €617 | €835 | +€218 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €143,422 | €169,048 | +€25,626 | +17.9% |
| Income taxes | 67/77 | €33,965 | €36,500 | +€2,535 | +7.5% |
| Profit (loss) for the period | 9904 | €109,457 | €132,548 | +€23,091 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,457 | €132,548 | +€23,091 | +21.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.