EDU-TECH: 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.
EDU-TECH
Largest movements
- Deferred charges and accrued income +€3.5m
new in 2025: €3.5m
- Receivables within one year +€2.1m
up €2.1m (+5076.6%), from €40,738 to €2.1m
of which Trade receivables: +€2.1m
- Cash +€464,926
up €464,926 (+1976.9%), from €23,518 to €488,444
- Intangible fixed assets +€214,387
new in 2025: €214,387
- Tangible fixed assets -€70,581
down €70,581 (-70.4%), from €100,296 to €29,714
of which Land and buildings: -€60,580
- Accrued charges and deferred income +€3.8m
new in 2025: €3.8m
- Trade debts +€2.3m
up €2.3m (+2379.5%), from €96,114 to €2.4m
- Other debts +€287,500
new in 2025: €287,500
- Profit (loss) carried forward -€219,921
new in 2025: -€219,921
- Staff costs +€159,815
up €159,815 (+67.4%), from €237,258 to €397,073
- Depreciation +€45,596
up €45,596 (+416.4%), from €10,951 to €56,547
- Taxes +€7,580
up €7,580 (+932.7%), from €813 to €8,393
- Financial charges +€5,186
up €5,186 (+150.2%), from €3,453 to €8,638
- Other operating charges +€3,486
new in 2025: €3,486
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,714 | €6,330,358 | +€6.1m | +2742.4% |
| Fixed assets | 21/28 | €100,520 | €244,101 | +€143,581 | +142.8% |
| Intangible fixed assets | 21 | - | €214,387 | +€214,387 | |
| Tangible fixed assets | 22/27 | €100,296 | €29,714 | -€70,581 | -70.4% |
| Land and buildings | 22 | €60,580 | - | -€60,580 | |
| Plant, machinery and equipment | 23 | €14,463 | €8,863 | -€5,600 | -38.7% |
| Furniture and vehicles | 24 | €25,253 | €20,851 | -€4,401 | -17.4% |
| Financial fixed assets | 28 | €224 | - | -€224 | |
| Current assets | 29/58 | €122,193 | €6,086,257 | +€6.0m | +4880.8% |
| Stocks and contracts in progress | 3 | €57,937 | - | -€57,937 | |
| Stocks | 30/36 | €57,937 | - | -€57,937 | |
| Amounts receivable within one year | 40/41 | €40,738 | €2,108,864 | +€2.1m | +5076.6% |
| Trade receivables | 40 | €39,008 | €2,098,751 | +€2.1m | +5280.3% |
| Other amounts receivable | 41 | €1,730 | €10,113 | +€8,383 | +484.5% |
| Cash at bank and in hand | 54/58 | €23,518 | €488,444 | +€464,926 | +1976.9% |
| Deferred charges and accrued income | 490/1 | - | €3,488,948 | +€3.5m | |
| Total equity and liabilities | 10/49 | €222,714 | €6,330,358 | +€6.1m | +2742.4% |
| Equity | 10/15 | €79,500 | -€140,421 | -€219,921 | |
| Reserves | 13 | €79,500 | €79,500 | = | 0.0% |
| Distributable reserves | 133 | €79,500 | €79,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€219,921 | -€219,921 | |
| Amounts payable | 17/49 | €143,214 | €6,470,779 | +€6.3m | +4418.3% |
| Amounts payable after more than one year | 17 | €41,382 | - | -€41,382 | |
| Financial debts | 170/4 | €41,382 | - | -€41,382 | |
| Amounts payable within one year | 42/48 | €101,832 | €2,696,141 | +€2.6m | +2547.6% |
| Trade debts | 44 | €96,114 | €2,383,109 | +€2.3m | +2379.5% |
| Suppliers | 440/4 | €96,114 | €2,383,109 | +€2.3m | +2379.5% |
| Taxes, remuneration and social security | 45 | €5,718 | €25,532 | +€19,814 | +346.5% |
| Taxes | 450/3 | €5,718 | €655 | -€5,063 | -88.5% |
| Remuneration and social security | 454/9 | - | €24,877 | +€24,877 | |
| Other amounts payable | 47/48 | - | €287,500 | +€287,500 | |
| Accrued charges and deferred income | 492/3 | - | €3,774,637 | +€3.8m | |
| Remuneration, social security and pensions | 62 | €237,258 | €397,073 | +€159,815 | +67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,951 | €56,547 | +€45,596 | +416.4% |
| Other operating charges | 640/8 | - | €3,486 | +€3,486 | |
| Non-recurring operating charges | 66A | €512 | €2,198 | +€1,686 | +329.7% |
| Gross operating margin | 9900 | €253,768 | €255,054 | +€1,287 | +0.5% |
| Operating profit (loss) | 9901 | €5,047 | -€204,249 | -€209,296 | |
| Financial income | 75/76B | €718 | €1,359 | +€641 | +89.3% |
| Recurring financial income | 75 | €675 | €1,359 | +€684 | +101.3% |
| Non-recurring financial income | 76B | €43 | - | -€43 | |
| Financial charges | 65/66B | €3,453 | €8,638 | +€5,186 | +150.2% |
| Recurring financial charges | 65 | €3,453 | €8,638 | +€5,186 | +150.2% |
| Profit (loss) for the period before taxes | 9903 | €2,313 | -€211,528 | -€213,841 | |
| Income taxes | 67/77 | €813 | €8,393 | +€7,580 | +932.7% |
| Profit (loss) for the period | 9904 | €1,500 | -€219,921 | -€221,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,500 | -€219,921 | -€221,421 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.