EDUCARTI: 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.
EDUCARTI
Largest movements
- Cash -€47,316
down €47,316 (-58.0%), from €81,546 to €34,230
mainly Investment in fixed assets (net) (-€24,984) and Debts after one year (-€14,526)
- Tangible fixed assets +€6,235
up €6,235 (+2.6%), from €240,246 to €246,481
- Debts after one year -€14,526
down €14,526 (-26.4%), from €55,125 to €40,599
- Other debts -€14,408
down €14,408 (-53.2%), from €27,070 to €12,663
- Reserves -€8,646
down €8,646 (-4.8%), from €178,777 to €170,131
of which Distributable reserves: -€4,615
- Depreciation +€5,393
up €5,393 (+40.4%), from €13,357 to €18,750
- Gross operating margin -€5,098
down €5,098 (-28.3%), from €17,995 to €12,897
- Financial income -€2,309
down €2,309 (-100.0%), from €2,309 to €0
- Taxes -€2,196
down €2,196 (-100.0%), from €2,196 to €0
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 | €322,986 | €281,903 | -€41,083 | -12.7% |
| Fixed assets | 21/28 | €241,296 | €247,531 | +€6,235 | +2.6% |
| Tangible fixed assets | 22/27 | €240,246 | €246,481 | +€6,235 | +2.6% |
| Land and buildings | 22 | €240,246 | €246,481 | +€6,235 | +2.6% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €81,689 | €34,372 | -€47,317 | -57.9% |
| Cash at bank and in hand | 54/58 | €81,546 | €34,230 | -€47,316 | -58.0% |
| Deferred charges and accrued income | 490/1 | €144 | €142 | -€1 | -0.9% |
| Total equity and liabilities | 10/49 | €322,986 | €281,903 | -€41,083 | -12.7% |
| Equity | 10/15 | €194,394 | €185,749 | -€8,646 | -4.4% |
| Contributions | 10/11 | €15,617 | €15,617 | = | 0.0% |
| Reserves | 13 | €178,777 | €170,131 | -€8,646 | -4.8% |
| Non-distributable reserves | 130/1 | €1,487 | €1,487 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,487 | €1,487 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,992 | €49,962 | -€4,030 | -7.5% |
| Distributable reserves | 133 | €123,298 | €118,683 | -€4,615 | -3.7% |
| Provisions and deferred taxes | 16 | €27,781 | €25,705 | -€2,076 | -7.5% |
| Deferred taxes | 168 | €27,781 | €25,705 | -€2,076 | -7.5% |
| Amounts payable | 17/49 | €100,810 | €70,449 | -€30,361 | -30.1% |
| Amounts payable after more than one year | 17 | €55,125 | €40,599 | -€14,526 | -26.4% |
| Financial debts | 170/4 | €55,125 | €40,599 | -€14,526 | -26.4% |
| Amounts payable within one year | 42/48 | €45,685 | €28,098 | -€17,587 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €13,799 | €14,487 | +€688 | +5.0% |
| Trade debts | 44 | €3,312 | €947 | -€2,365 | -71.4% |
| Suppliers | 440/4 | €3,312 | €947 | -€2,365 | -71.4% |
| Taxes, remuneration and social security | 45 | €1,503 | €0 | -€1,503 | -100.0% |
| Taxes | 450/3 | €1,503 | €0 | -€1,503 | -100.0% |
| Other amounts payable | 47/48 | €27,070 | €12,663 | -€14,408 | -53.2% |
| Accrued charges and deferred income | 492/3 | - | €1,752 | +€1,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,357 | €18,750 | +€5,393 | +40.4% |
| Other operating charges | 640/8 | €1,953 | €2,014 | +€61 | +3.1% |
| Gross operating margin | 9900 | €17,995 | €12,897 | -€5,098 | -28.3% |
| Operating profit (loss) | 9901 | €2,685 | -€7,867 | -€10,552 | |
| Financial income | 75/76B | €2,309 | €0 | -€2,309 | -100.0% |
| Recurring financial income | 75 | €2,309 | €0 | -€2,309 | -100.0% |
| Financial charges | 65/66B | €2,815 | €2,855 | +€40 | +1.4% |
| Recurring financial charges | 65 | €2,815 | €2,855 | +€40 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €2,179 | -€10,722 | -€12,901 | |
| Transfer from deferred taxes | 780 | €2,076 | €2,076 | = | 0.0% |
| Income taxes | 67/77 | €2,196 | €0 | -€2,196 | -100.0% |
| Profit (loss) for the period | 9904 | €2,060 | -€8,646 | -€10,706 | |
| Transfer from tax-exempt reserves | 789 | €4,030 | €4,030 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,090 | -€4,615 | -€10,706 |
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 5 October 2026 via checked.be.