EDUCAPERMIS: 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.
EDUCAPERMIS
Largest movements
- Tangible fixed assets -€12,400
down €12,400 (-66.7%), from €18,600 to €6,200
- Receivables within one year +€5,672
new in 2025: €5,672
of which Trade receivables: +€2,937
- Cash +€4,384
up €4,384 (+133.6%), from €3,281 to €7,665
- Deferred charges and accrued income +€889
new in 2025: €889
- Other debts -€1,021
no longer reported in 2025 (was €1,021)
- Profit (loss) carried forward -€531
down €531 (-59.0%), from €901 to €370
- Tax, wage and social debts +€436
up €436 (+118.8%), from €367 to €802
- Trade debts -€403
down €403 (-44.1%), from €915 to €511
- Gross operating margin -€2,899
down €2,899 (-38.5%), from €7,532 to €4,633
- Purchases and services -€1,011
down €1,011 (-5.1%), from €19,715 to €18,704
- Other operating charges -€597
down €597 (-90.4%), from €660 to €63
- Taxes -€138
no longer reported in 2025 (was €138)
From the 2023 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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,881 | €20,426 | -€1,455 | -6.6% |
| Fixed assets | 21/28 | €18,600 | €6,200 | -€12,400 | -66.7% |
| Tangible fixed assets | 22/27 | €18,600 | €6,200 | -€12,400 | -66.7% |
| Leasing and similar rights | 25 | €18,600 | €6,200 | -€12,400 | -66.7% |
| Current assets | 29/58 | €3,281 | €14,226 | +€10,945 | +333.6% |
| Amounts receivable within one year | 40/41 | - | €5,672 | +€5,672 | |
| Trade receivables | 40 | - | €2,937 | +€2,937 | |
| Other amounts receivable | 41 | - | €2,736 | +€2,736 | |
| Cash at bank and in hand | 54/58 | €3,281 | €7,665 | +€4,384 | +133.6% |
| Deferred charges and accrued income | 490/1 | - | €889 | +€889 | |
| Total equity and liabilities | 10/49 | €21,881 | €20,426 | -€1,455 | -6.6% |
| Equity | 10/15 | €19,579 | €19,113 | -€466 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78 | €143 | +€65 | +84.1% |
| Non-distributable reserves | 130/1 | €78 | €143 | +€65 | +84.1% |
| Legal reserve | 130 | €78 | €143 | +€65 | +84.1% |
| Profit (loss) carried forward | 14 | €901 | €370 | -€531 | -59.0% |
| Amounts payable | 17/49 | €2,302 | €1,314 | -€988 | -42.9% |
| Amounts payable within one year | 42/48 | €2,302 | €1,314 | -€988 | -42.9% |
| Trade debts | 44 | €915 | €511 | -€403 | -44.1% |
| Suppliers | 440/4 | €915 | €511 | -€403 | -44.1% |
| Taxes, remuneration and social security | 45 | €367 | €802 | +€436 | +118.8% |
| Taxes | 450/3 | €367 | €802 | +€436 | +118.8% |
| Other amounts payable | 47/48 | €1,021 | - | -€1,021 | |
| Goods, raw materials, services and sundry goods | 60/61 | €19,715 | €18,704 | -€1,011 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,200 | €6,200 | = | 0.0% |
| Other operating charges | 640/8 | €660 | €63 | -€597 | -90.4% |
| Gross operating margin | 9900 | €7,532 | €4,633 | -€2,899 | -38.5% |
| Operating profit (loss) | 9901 | €672 | -€1,630 | -€2,302 | |
| Financial charges | 65/66B | €140 | €143 | +€3 | +2.1% |
| Recurring financial charges | 65 | €140 | €143 | +€3 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €532 | -€1,773 | -€2,305 | |
| Income taxes | 67/77 | €138 | - | -€138 | |
| Profit (loss) for the period | 9904 | €394 | -€1,773 | -€2,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €394 | -€1,773 | -€2,167 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 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.