EdWorld: 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.
EdWorld
Largest movements
- Receivables within one year -€18,555
down €18,555 (-28.3%), from €65,609 to €47,054
- Deferred charges and accrued income +€5,320
new in 2025: €5,320
- Cash +€5,100
up €5,100 (+2680.8%), from €190 to €5,290
mainly Net result for the year (+€29,496) and Receivables within one year (+€18,555)
- Tangible fixed assets +€2,396
new in 2025: €2,396
- Trade debts -€34,968
down €34,968 (-83.3%), from €41,997 to €7,029
- Profit (loss) carried forward +€29,496
up €29,496, from -€19,100 to €10,396
- Tax, wage and social debts +€14,989
up €14,989 (+70.7%), from €21,195 to €36,184
of which Taxes: +€16,363
- Other debts -€10,210
no longer reported in 2025 (was €10,210)
- Accrued charges and deferred income -€5,048
no longer reported in 2025 (was €5,048)
- Gross operating margin +€71,277
up €71,277, from -€6,846 to €64,431
- Staff costs +€4,649
up €4,649 (+19.2%), from €24,176 to €28,825
- Taxes +€4,164
up €4,164 (+2984.8%), from €140 to €4,304
- Financial charges +€1,325
up €1,325 (+332.4%), from €399 to €1,723
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 | €65,799 | €60,060 | -€5,739 | -8.7% |
| Fixed assets | 21/28 | - | €2,396 | +€2,396 | |
| Tangible fixed assets | 22/27 | - | €2,396 | +€2,396 | |
| Furniture and vehicles | 24 | - | €2,396 | +€2,396 | |
| Current assets | 29/58 | €65,799 | €57,664 | -€8,135 | -12.4% |
| Amounts receivable within one year | 40/41 | €65,609 | €47,054 | -€18,555 | -28.3% |
| Other amounts receivable | 41 | €65,609 | €47,054 | -€18,555 | -28.3% |
| Cash at bank and in hand | 54/58 | €190 | €5,290 | +€5,100 | +2680.8% |
| Deferred charges and accrued income | 490/1 | - | €5,320 | +€5,320 | |
| Total equity and liabilities | 10/49 | €65,799 | €60,060 | -€5,739 | -8.7% |
| Equity | 10/15 | -€12,650 | €16,846 | +€29,496 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,100 | €10,396 | +€29,496 | |
| Amounts payable | 17/49 | €78,449 | €43,214 | -€35,236 | -44.9% |
| Amounts payable within one year | 42/48 | €73,402 | €43,214 | -€30,188 | -41.1% |
| Trade debts | 44 | €41,997 | €7,029 | -€34,968 | -83.3% |
| Suppliers | 440/4 | €41,997 | €7,029 | -€34,968 | -83.3% |
| Taxes, remuneration and social security | 45 | €21,195 | €36,184 | +€14,989 | +70.7% |
| Taxes | 450/3 | €6,260 | €22,623 | +€16,363 | +261.4% |
| Remuneration and social security | 454/9 | €14,935 | €13,561 | -€1,374 | -9.2% |
| Other amounts payable | 47/48 | €10,210 | - | -€10,210 | |
| Accrued charges and deferred income | 492/3 | €5,048 | - | -€5,048 | |
| Remuneration, social security and pensions | 62 | €24,176 | €28,825 | +€4,649 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €83 | +€83 | |
| Other operating charges | 640/8 | €87 | - | -€87 | |
| Gross operating margin | 9900 | -€6,846 | €64,431 | +€71,277 | |
| Operating profit (loss) | 9901 | -€31,109 | €35,523 | +€66,633 | |
| Financial charges | 65/66B | €399 | €1,723 | +€1,325 | +332.4% |
| Recurring financial charges | 65 | €399 | €1,723 | +€1,325 | +332.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,508 | €33,800 | +€65,308 | |
| Income taxes | 67/77 | €140 | €4,304 | +€4,164 | +2984.8% |
| Profit (loss) for the period | 9904 | -€31,647 | €29,496 | +€61,144 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,647 | €29,496 | +€61,144 |
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 11 October 2026 via checked.be.