EDUCA: 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.
EDUCA
Largest movements
- Financial fixed assets +€275,010
new in 2025: €275,010
- Cash -€124,863
down €124,863 (-83.2%), from €150,008 to €25,146
mainly Investment in fixed assets (net) (-€275,010)
- Reserves +€79,948
up €79,948 (+55.4%), from €144,200 to €224,148
- Short-term financial debts +€35,311
new in 2025: €35,311
- Other debts +€20,240
up €20,240 (+394.6%), from €5,130 to €25,370
- Tax, wage and social debts +€12,505
up €12,505 (+327.7%), from €3,816 to €16,321
- Financial income +€50,646
up €50,646 (+16132.8%), from €314 to €50,960
- Gross operating margin +€26,414
up €26,414 (+80.0%), from €33,018 to €59,432
- Taxes +€12,728
up €12,728 (+153.2%), from €8,310 to €21,039
- Financial charges +€6,335
up €6,335 (+1405.3%), from €451 to €6,786
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
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 | €154,153 | €302,284 | +€148,132 | +96.1% |
| Fixed assets | 21/28 | €4,014 | €277,006 | +€272,992 | +6801.1% |
| Tangible fixed assets | 22/27 | €4,014 | €1,996 | -€2,018 | -50.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,014 | €1,996 | -€2,018 | -50.3% |
| Financial fixed assets | 28 | - | €275,010 | +€275,010 | |
| Current assets | 29/58 | €150,139 | €25,279 | -€124,860 | -83.2% |
| Amounts receivable within one year | 40/41 | €10 | €74 | +€64 | +639.8% |
| Trade receivables | 40 | - | €74 | +€74 | |
| Other amounts receivable | 41 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €150,008 | €25,146 | -€124,863 | -83.2% |
| Deferred charges and accrued income | 490/1 | €121 | €59 | -€62 | -51.1% |
| Total equity and liabilities | 10/49 | €154,153 | €302,284 | +€148,132 | +96.1% |
| Equity | 10/15 | €145,200 | €225,148 | +€79,948 | +55.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €144,200 | €224,148 | +€79,948 | +55.4% |
| Distributable reserves | 133 | €144,200 | €224,148 | +€79,948 | +55.4% |
| Amounts payable | 17/49 | €8,952 | €77,136 | +€68,184 | +761.6% |
| Amounts payable within one year | 42/48 | €8,952 | €77,051 | +€68,098 | +760.7% |
| Financial debts | 43 | - | €35,311 | +€35,311 | |
| Other loans | 439 | - | €35,311 | +€35,311 | |
| Trade debts | 44 | €7 | €50 | +€43 | +604.2% |
| Suppliers | 440/4 | €7 | €50 | +€43 | +604.2% |
| Taxes, remuneration and social security | 45 | €3,816 | €16,321 | +€12,505 | +327.7% |
| Taxes | 450/3 | €3,816 | €16,321 | +€12,505 | +327.7% |
| Other amounts payable | 47/48 | €5,130 | €25,370 | +€20,240 | +394.6% |
| Accrued charges and deferred income | 492/3 | - | €85 | +€85 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,067 | €2,018 | -€48 | -2.3% |
| Other operating charges | 640/8 | €384 | €601 | +€217 | +56.3% |
| Gross operating margin | 9900 | €33,018 | €59,432 | +€26,414 | +80.0% |
| Operating profit (loss) | 9901 | €30,567 | €56,813 | +€26,246 | +85.9% |
| Financial income | 75/76B | €314 | €50,960 | +€50,646 | +16132.8% |
| Recurring financial income | 75 | €314 | €50,960 | +€50,646 | +16132.8% |
| Financial charges | 65/66B | €451 | €6,786 | +€6,335 | +1405.3% |
| Recurring financial charges | 65 | €451 | €6,786 | +€6,335 | +1405.3% |
| Profit (loss) for the period before taxes | 9903 | €30,430 | €100,987 | +€70,557 | +231.9% |
| Income taxes | 67/77 | €8,310 | €21,039 | +€12,728 | +153.2% |
| Profit (loss) for the period | 9904 | €22,119 | €79,948 | +€57,829 | +261.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,119 | €79,948 | +€57,829 | +261.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.