Educare: 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.
Educare
Largest movements
- Tangible fixed assets -€33,375
down €33,375 (-28.2%), from €118,284 to €84,909
of which Plant, machinery and equipment: -€28,242
- Cash +€18,296
up €18,296 (+12.7%), from €144,100 to €162,396
mainly Debts after one year (+€78,750) and Net result for the year (+€78,480)
- Receivables within one year +€11,671
up €11,671 (+6.4%), from €181,388 to €193,059
of which Other amounts receivable: +€11,795
- Intangible fixed assets -€8,300
down €8,300 (-28.6%), from €29,050 to €20,750
- Current investments +€5,000
new in 2025: €5,000
- Current portion of long-term debt -€92,965
down €92,965 (-86.2%), from €107,823 to €14,858
- Debts after one year +€78,750
new in 2025: €78,750
- Trade debts -€77,044
down €77,044 (-100.0%), from €77,044 to €0
- Profit (loss) carried forward +€46,141
up €46,141, from -€46,141 to €0
- Reserves +€32,339
up €32,339 (+9.8%), from €328,954 to €361,293
- Gross operating margin +€130,927
up €130,927 (+1710.8%), from €7,653 to €138,580
- Taxes +€12,617
new in 2025: €12,617
- Depreciation -€8,244
down €8,244 (-16.0%), from €51,497 to €43,253
- Financial charges +€2,394
up €2,394 (+100.0%), from €2,393 to €4,786
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 | €473,880 | €467,796 | -€6,083 | -1.3% |
| Fixed assets | 21/28 | €147,334 | €105,659 | -€41,675 | -28.3% |
| Intangible fixed assets | 21 | €29,050 | €20,750 | -€8,300 | -28.6% |
| Tangible fixed assets | 22/27 | €118,284 | €84,909 | -€33,375 | -28.2% |
| Plant, machinery and equipment | 23 | €105,048 | €76,806 | -€28,242 | -26.9% |
| Other tangible fixed assets | 26 | €13,236 | €8,104 | -€5,133 | -38.8% |
| Current assets | 29/58 | €326,546 | €362,137 | +€35,592 | +10.9% |
| Amounts receivable within one year | 40/41 | €181,388 | €193,059 | +€11,671 | +6.4% |
| Trade receivables | 40 | €2,583 | €2,459 | -€124 | -4.8% |
| Other amounts receivable | 41 | €178,805 | €190,600 | +€11,795 | +6.6% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €144,100 | €162,396 | +€18,296 | +12.7% |
| Deferred charges and accrued income | 490/1 | €1,058 | €1,682 | +€625 | +59.0% |
| Total equity and liabilities | 10/49 | €473,880 | €467,796 | -€6,083 | -1.3% |
| Equity | 10/15 | €289,013 | €367,493 | +€78,480 | +27.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €328,954 | €361,293 | +€32,339 | +9.8% |
| Distributable reserves | 133 | €328,954 | €361,293 | +€32,339 | +9.8% |
| Profit (loss) carried forward | 14 | -€46,141 | €0 | +€46,141 | |
| Amounts payable | 17/49 | €184,867 | €100,303 | -€84,563 | -45.7% |
| Amounts payable after more than one year | 17 | - | €78,750 | +€78,750 | |
| Financial debts | 170/4 | - | €78,750 | +€78,750 | |
| Amounts payable within one year | 42/48 | €184,867 | €21,553 | -€163,314 | -88.3% |
| Current portion of amounts payable after more than one year | 42 | €107,823 | €14,858 | -€92,965 | -86.2% |
| Trade debts | 44 | €77,044 | €0 | -€77,044 | -100.0% |
| Suppliers | 440/4 | €77,044 | €0 | -€77,044 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €2,835 | +€2,835 | |
| Taxes | 450/3 | - | €2,835 | +€2,835 | |
| Other amounts payable | 47/48 | - | €3,859 | +€3,859 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,497 | €43,253 | -€8,244 | -16.0% |
| Other operating charges | 640/8 | €736 | €749 | +€12 | +1.7% |
| Gross operating margin | 9900 | €7,653 | €138,580 | +€130,927 | +1710.8% |
| Operating profit (loss) | 9901 | -€44,580 | €94,578 | +€139,159 | |
| Financial income | 75/76B | €832 | €1,305 | +€473 | +56.8% |
| Recurring financial income | 75 | €832 | €1,305 | +€473 | +56.8% |
| Financial charges | 65/66B | €2,393 | €4,786 | +€2,394 | +100.0% |
| Recurring financial charges | 65 | €2,393 | €4,786 | +€2,394 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,141 | €91,097 | +€137,238 | |
| Income taxes | 67/77 | - | €12,617 | +€12,617 | |
| Profit (loss) for the period | 9904 | -€46,141 | €78,480 | +€124,621 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,141 | €78,480 | +€124,621 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.