EDUCA VET'S: 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.
EDUCA VET'S
Largest movements
- Tangible fixed assets -€49,428
down €49,428 (-6.7%), from €736,146 to €686,718
of which Land and buildings: -€30,351
- Cash -€39,183
down €39,183 (-74.9%), from €52,341 to €13,158
mainly Debts after one year (-€62,253) and Trade debts (-€24,256)
- Debts after one year -€62,253
down €62,253 (-11.2%), from €556,209 to €493,956
- Trade debts -€24,256
down €24,256 (-53.0%), from €45,784 to €21,529
- Gross operating margin -€27,656
down €27,656 (-17.3%), from €160,273 to €132,617
- Staff costs +€9,405
up €9,405 (+18.3%), from €51,270 to €60,675
- Taxes -€5,921
no longer reported in 2025 (was €5,921)
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 | €832,974 | €744,804 | -€88,170 | -10.6% |
| Formation expenses | 20 | €2,035 | - | -€2,035 | |
| Fixed assets | 21/28 | €736,396 | €686,968 | -€49,428 | -6.7% |
| Tangible fixed assets | 22/27 | €736,146 | €686,718 | -€49,428 | -6.7% |
| Land and buildings | 22 | €588,096 | €557,745 | -€30,351 | -5.2% |
| Plant, machinery and equipment | 23 | €134,601 | €117,880 | -€16,721 | -12.4% |
| Furniture and vehicles | 24 | €5,134 | €4,028 | -€1,106 | -21.5% |
| Leasing and similar rights | 25 | €8,315 | €7,065 | -€1,250 | -15.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €94,542 | €57,836 | -€36,706 | -38.8% |
| Stocks and contracts in progress | 3 | €32,843 | €30,515 | -€2,329 | -7.1% |
| Stocks | 30/36 | €32,843 | €30,515 | -€2,329 | -7.1% |
| Amounts receivable within one year | 40/41 | €8,385 | €11,564 | +€3,179 | +37.9% |
| Trade receivables | 40 | €5,981 | €11,564 | +€5,582 | +93.3% |
| Other amounts receivable | 41 | €2,404 | - | -€2,404 | |
| Cash at bank and in hand | 54/58 | €52,341 | €13,158 | -€39,183 | -74.9% |
| Deferred charges and accrued income | 490/1 | €973 | €2,600 | +€1,627 | +167% |
| Total equity and liabilities | 10/49 | €832,974 | €744,804 | -€88,170 | -10.6% |
| Equity | 10/15 | €144,473 | €147,009 | +€2,536 | +1.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,973 | €125,509 | +€2,536 | +2.1% |
| Amounts payable | 17/49 | €688,501 | €597,795 | -€90,706 | -13.2% |
| Amounts payable after more than one year | 17 | €556,209 | €493,956 | -€62,253 | -11.2% |
| Financial debts | 170/4 | €556,209 | €493,956 | -€62,253 | -11.2% |
| Amounts payable within one year | 42/48 | €131,864 | €103,377 | -€28,487 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €65,830 | €64,985 | -€845 | -1.3% |
| Trade debts | 44 | €45,784 | €21,529 | -€24,256 | -53.0% |
| Suppliers | 440/4 | €45,784 | €21,529 | -€24,256 | -53.0% |
| Advances received on contracts in progress | 46 | €86 | - | -€86 | |
| Taxes, remuneration and social security | 45 | €20,164 | €16,863 | -€3,301 | -16.4% |
| Taxes | 450/3 | €9,610 | €9,336 | -€274 | -2.9% |
| Remuneration and social security | 454/9 | €10,554 | €7,528 | -€3,027 | -28.7% |
| Accrued charges and deferred income | 492/3 | €428 | €462 | +€34 | +8.0% |
| Remuneration, social security and pensions | 62 | €51,270 | €60,675 | +€9,405 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,903 | €51,028 | +€1,125 | +2.3% |
| Other operating charges | 640/8 | €7,184 | €7,740 | +€555 | +7.7% |
| Gross operating margin | 9900 | €160,273 | €132,617 | -€27,656 | -17.3% |
| Operating profit (loss) | 9901 | €51,916 | €13,175 | -€38,741 | -74.6% |
| Financial income | 75/76B | €5 | €41 | +€36 | +673% |
| Recurring financial income | 75 | €5 | €41 | +€36 | +673% |
| Financial charges | 65/66B | €11,351 | €10,680 | -€672 | -5.9% |
| Recurring financial charges | 65 | €11,351 | €10,680 | -€672 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €40,569 | €2,536 | -€38,033 | -93.7% |
| Income taxes | 67/77 | €5,921 | - | -€5,921 | |
| Profit (loss) for the period | 9904 | €34,648 | €2,536 | -€32,112 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,648 | €2,536 | -€32,112 | -92.7% |
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 30 October 2026 via checked.be.