Educo: 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.
Educo
Largest movements
- Cash -€60,136
down €60,136 (-65.8%), from €91,337 to €31,201
mainly Provisions (-€65,283) and Trade debts (-€17,392)
- Provisions -€65,283
down €65,283 (-85.7%), from €76,164 to €10,881
- Profit (loss) carried forward +€22,339
up €22,339 (+19.1%), from €116,743 to €139,082
- Trade debts -€17,392
down €17,392 (-98.7%), from €17,624 to €232
- Financial income -€1.0m
no longer reported in 2025 (was €1.0m)
of which Financial income: -€1.0m
- Staff costs -€91,609
down €91,609 (-60.4%), from €151,770 to €60,162
- Gross operating margin -€26,337
down €26,337 (-58.3%), from €45,212 to €18,875
- Financial charges +€3,303
up €3,303 (+96.7%), from -€3,414 to -€111
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 | €223,606 | €163,869 | -€59,737 | -26.7% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €223,606 | €163,869 | -€59,737 | -26.7% |
| Amounts receivable within one year | 40/41 | €1,710 | €2,975 | +€1,265 | +74.0% |
| Other amounts receivable | 41 | €1,710 | €2,975 | +€1,265 | +74.0% |
| Current investments | 50/53 | €122,771 | €123,193 | +€422 | +0.3% |
| Cash at bank and in hand | 54/58 | €91,337 | €31,201 | -€60,136 | -65.8% |
| Deferred charges and accrued income | 490/1 | €7,788 | €6,500 | -€1,288 | -16.5% |
| Total equity and liabilities | 10/49 | €223,606 | €163,869 | -€59,737 | -26.7% |
| Equity | 10/15 | €129,661 | €152,000 | +€22,339 | +17.2% |
| Contributions | 10/11 | €12,918 | €12,918 | = | 0.0% |
| Capital | 10 | €12,918 | €12,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,743 | €139,082 | +€22,339 | +19.1% |
| Provisions and deferred taxes | 16 | €76,164 | €10,881 | -€65,283 | -85.7% |
| Provisions for liabilities and charges | 160/5 | €76,164 | €10,881 | -€65,283 | -85.7% |
| Other liabilities and charges | 164/5 | €76,164 | €10,881 | -€65,283 | -85.7% |
| Amounts payable | 17/49 | €17,781 | €988 | -€16,793 | -94.4% |
| Amounts payable within one year | 42/48 | €17,781 | €988 | -€16,793 | -94.4% |
| Trade debts | 44 | €17,624 | €232 | -€17,392 | -98.7% |
| Suppliers | 440/4 | €17,624 | €232 | -€17,392 | -98.7% |
| Taxes, remuneration and social security | 45 | €157 | €756 | +€599 | +382% |
| Taxes | 450/3 | €157 | €756 | +€599 | +382% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €4,750 | +€4,750 | |
| Remuneration, social security and pensions | 62 | €151,770 | €60,162 | -€91,609 | -60.4% |
| Other operating charges | 640/8 | €30 | €7 | -€22 | -75.1% |
| Non-recurring operating charges | 66A | - | €1,652 | +€1,652 | |
| Gross operating margin | 9900 | €45,212 | €18,875 | -€26,337 | -58.3% |
| Operating profit (loss) | 9901 | €56,083 | €22,337 | -€33,746 | -60.2% |
| Financial income | 75/76B | €1,048,980 | - | -€1.0m | |
| Recurring financial income | 75 | €1,048,980 | - | -€1.0m | |
| Non-recurring financial income | 76B | €1,048,980 | - | -€1.0m | |
| Financial charges | 65/66B | -€3,414 | -€111 | +€3,303 | +96.7% |
| Recurring financial charges | 65 | -€3,414 | -€111 | +€3,303 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | €1,108,477 | €22,448 | -€1.1m | -98.0% |
| Income taxes | 67/77 | €103 | €109 | +€6 | +5.6% |
| Profit (loss) for the period | 9904 | €1,108,373 | €22,339 | -€1.1m | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,108,373 | €22,339 | -€1.1m | -98.0% |
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 31 October 2026 via checked.be.