EXECUTIVE LEARNING PARTNERSHIP: 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.
EXECUTIVE LEARNING PARTNERSHIP
Largest movements
- Cash +€78,209
up €78,209 (+459%), from €17,051 to €95,260
mainly Net result for the year (+€46,811) and Trade debts (+€24,401)
- Receivables within one year -€23,595
down €23,595 (-7.3%), from €323,502 to €299,908
of which Trade receivables: -€28,801
- Reserves +€26,474
up €26,474 (+9.9%), from €268,660 to €295,134
- Trade debts +€24,401
up €24,401 (+110%), from €22,150 to €46,551
- Gross operating margin -€18,334
down €18,334 (-10.3%), from €177,611 to €159,277
- Taxes -€16,414
down €16,414 (-63.4%), from €25,879 to €9,464
- Depreciation -€4,807
down €4,807 (-100%), from €4,807 to €0
- Staff costs +€3,535
up €3,535 (+3.8%), from €93,344 to €96,879
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 | €352,477 | €405,785 | +€53,308 | +15.1% |
| Fixed assets | 21/28 | €11,100 | €10,617 | -€483 | -4.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Financial fixed assets | 28 | €11,100 | €10,617 | -€483 | -4.4% |
| Current assets | 29/58 | €341,377 | €395,168 | +€53,791 | +15.8% |
| Amounts receivable within one year | 40/41 | €323,502 | €299,908 | -€23,595 | -7.3% |
| Trade receivables | 40 | €318,173 | €289,372 | -€28,801 | -9.1% |
| Other amounts receivable | 41 | €5,329 | €10,536 | +€5,207 | +97.7% |
| Cash at bank and in hand | 54/58 | €17,051 | €95,260 | +€78,209 | +459% |
| Deferred charges and accrued income | 490/1 | €823 | €0 | -€823 | -100% |
| Total equity and liabilities | 10/49 | €352,477 | €405,785 | +€53,308 | +15.1% |
| Equity | 10/15 | €287,297 | €313,771 | +€26,474 | +9.2% |
| Contributions | 10/11 | €18,637 | €18,637 | = | 0.0% |
| Reserves | 13 | €268,660 | €295,134 | +€26,474 | +9.9% |
| Distributable reserves | 133 | €268,660 | €295,134 | +€26,474 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,180 | €92,014 | +€26,835 | +41.2% |
| Amounts payable within one year | 42/48 | €64,452 | €91,573 | +€27,121 | +42.1% |
| Trade debts | 44 | €22,150 | €46,551 | +€24,401 | +110% |
| Suppliers | 440/4 | €22,150 | €46,551 | +€24,401 | +110% |
| Taxes, remuneration and social security | 45 | €42,302 | €45,022 | +€2,720 | +6.4% |
| Taxes | 450/3 | €31,345 | €33,674 | +€2,328 | +7.4% |
| Remuneration and social security | 454/9 | €10,957 | €11,348 | +€391 | +3.6% |
| Accrued charges and deferred income | 492/3 | €727 | €441 | -€286 | -39.3% |
| Remuneration, social security and pensions | 62 | €93,344 | €96,879 | +€3,535 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,807 | €0 | -€4,807 | -100% |
| Other operating charges | 640/8 | €601 | €782 | +€181 | +30.1% |
| Gross operating margin | 9900 | €177,611 | €159,277 | -€18,334 | -10.3% |
| Operating profit (loss) | 9901 | €78,859 | €61,616 | -€17,243 | -21.9% |
| Financial charges | 65/66B | €5,879 | €5,340 | -€538 | -9.2% |
| Recurring financial charges | 65 | €5,879 | €5,340 | -€538 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €72,980 | €56,275 | -€16,705 | -22.9% |
| Income taxes | 67/77 | €25,879 | €9,464 | -€16,414 | -63.4% |
| Profit (loss) for the period | 9904 | €47,101 | €46,811 | -€290 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,101 | €46,811 | -€290 | -0.6% |
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 14 October 2026 via checked.be.