EXAM SERVICES: 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.
EXAM SERVICES
Largest movements
- Receivables within one year +€945,191
up €945,191 (+103.9%), from €909,431 to €1.9m
of which Other amounts receivable: +€971,614
- Current investments -€800,000
down €800,000 (-100.0%), from €800,000 to €0
- Cash +€426,947
up €426,947 (+52.7%), from €810,269 to €1.2m
mainly Net result for the year (+€863,526) and Current investments (+€800,000)
- Tangible fixed assets -€405,821
down €405,821 (-6.6%), from €6.1m to €5.7m
of which Land and buildings: -€409,844
- Reserves +€681,269
up €681,269 (+14.2%), from €4.8m to €5.5m
of which Distributable reserves: +€681,269
- Debts after one year -€373,123
down €373,123 (-12.7%), from €2.9m to €2.6m
- Current portion of long-term debt -€123,243
down €123,243 (-24.8%), from €496,365 to €373,123
- Gross operating margin -€241,950
down €241,950 (-16.5%), from €1.5m to €1.2m
- Financial income -€98,798
down €98,798 (-13.9%), from €712,855 to €614,056
- Taxes -€55,725
down €55,725 (-29.7%), from €187,473 to €131,748
- Write-downs -€46,560
down €46,560, from €40,393 to -€6,167
- Depreciation +€27,386
up €27,386 (+5.5%), from €500,769 to €528,155
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 | €8,709,922 | €8,918,429 | +€208,507 | +2.4% |
| Fixed assets | 21/28 | €6,161,195 | €5,802,974 | -€358,221 | -5.8% |
| Tangible fixed assets | 22/27 | €6,142,628 | €5,736,807 | -€405,821 | -6.6% |
| Land and buildings | 22 | €6,138,269 | €5,728,425 | -€409,844 | -6.7% |
| Plant, machinery and equipment | 23 | €82 | €8,382 | +€8,300 | +10076.4% |
| Furniture and vehicles | 24 | €4,277 | €0 | -€4,277 | -100.0% |
| Financial fixed assets | 28 | €18,567 | €66,167 | +€47,600 | +256.4% |
| Current assets | 29/58 | €2,548,727 | €3,115,455 | +€566,728 | +22.2% |
| Amounts receivable within one year | 40/41 | €909,431 | €1,854,622 | +€945,191 | +103.9% |
| Trade receivables | 40 | €171,407 | €144,984 | -€26,422 | -15.4% |
| Other amounts receivable | 41 | €738,025 | €1,709,638 | +€971,614 | +131.7% |
| Current investments | 50/53 | €800,000 | €0 | -€800,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €810,269 | €1,237,216 | +€426,947 | +52.7% |
| Deferred charges and accrued income | 490/1 | €29,027 | €23,616 | -€5,410 | -18.6% |
| Total equity and liabilities | 10/49 | €8,709,922 | €8,918,429 | +€208,507 | +2.4% |
| Equity | 10/15 | €4,809,912 | €5,491,181 | +€681,269 | +14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,797,512 | €5,478,781 | +€681,269 | +14.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,795,653 | €5,476,922 | +€681,269 | +14.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,900,010 | €3,427,248 | -€472,762 | -12.1% |
| Amounts payable after more than one year | 17 | €2,947,516 | €2,574,393 | -€373,123 | -12.7% |
| Financial debts | 170/4 | €2,947,516 | €2,574,393 | -€373,123 | -12.7% |
| Amounts payable within one year | 42/48 | €885,288 | €783,892 | -€101,396 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €496,365 | €373,123 | -€123,243 | -24.8% |
| Trade debts | 44 | €193,480 | €210,380 | +€16,901 | +8.7% |
| Suppliers | 440/4 | €193,480 | €210,380 | +€16,901 | +8.7% |
| Taxes, remuneration and social security | 45 | €140,014 | €146,662 | +€6,648 | +4.7% |
| Taxes | 450/3 | €122,199 | €128,576 | +€6,376 | +5.2% |
| Remuneration and social security | 454/9 | €17,814 | €18,086 | +€272 | +1.5% |
| Other amounts payable | 47/48 | €55,429 | €53,727 | -€1,703 | -3.1% |
| Accrued charges and deferred income | 492/3 | €67,206 | €68,963 | +€1,757 | +2.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €171,312 | €171,309 | -€4 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500,769 | €528,155 | +€27,386 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,393 | -€6,167 | -€46,560 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €88,912 | €87,898 | -€1,014 | -1.1% |
| Gross operating margin | 9900 | €1,467,354 | €1,225,404 | -€241,950 | -16.5% |
| Operating profit (loss) | 9901 | €665,967 | €444,209 | -€221,758 | -33.3% |
| Financial income | 75/76B | €712,855 | €614,056 | -€98,798 | -13.9% |
| Recurring financial income | 75 | €712,855 | €614,056 | -€98,798 | -13.9% |
| Financial charges | 65/66B | €60,975 | €62,992 | +€2,018 | +3.3% |
| Recurring financial charges | 65 | €60,975 | €62,992 | +€2,018 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €1,317,847 | €995,273 | -€322,574 | -24.5% |
| Income taxes | 67/77 | €187,473 | €131,748 | -€55,725 | -29.7% |
| Profit (loss) for the period | 9904 | €1,130,374 | €863,526 | -€266,849 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,130,374 | €863,526 | -€266,849 | -23.6% |
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.