FScholen: 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.
What changed
FScholen
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.0m
2024 · €4.9m+€68,962
Equity
€20.2m
2024 · €19.7m+€515,149
Cash
€289,894
2024 · €307,757-€17,863
Balance sheet total
€135.3m
2024 · €138.1m-€2.7m
Largest movements
Assets
- Financial fixed assets -€2.7m
down €2.7m (-2.0%), from €137.7m to €135.0m
Equity and liabilities
- Debts after one year -€3.3m
down €3.3m (-2.9%), from €113.8m to €110.5m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€4.9m
Other operating charges
-€111
Other operating items
-€62
Financial income
-€268,120
Financial charges
+€360,243
Taxes
-€22,987
Result 2025
€5.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.0m
Investment
+€2.7m
Financing
-€7.8m
Cash 2024
€307,757
From operations (derived)
+€5.0m
Net result for the year
+€5.0m
Trade debts
+€80
Tax, wage and social debts
+€21,759
Investment (derived)
+€2.7m
Investment in fixed assets (net)
+€2.7m
Financing
-€7.8m
Debts after one year
-€3.3m
Contributions, distributions and other
-€4.5m
Cash 2025
€289,894
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,054,180 | €135,326,654 | -€2.7m | -2.0% |
| Fixed assets | 21/28 | €137,746,423 | €135,036,759 | -€2.7m | -2.0% |
| Financial fixed assets | 28 | €137,746,423 | €135,036,759 | -€2.7m | -2.0% |
| Companies linked by participating interests | 282/3 | €137,746,423 | €135,036,759 | -€2.7m | -2.0% |
| Participating interests | 282 | €17,812,001 | €17,812,001 | = | 0.0% |
| Amounts receivable | 283 | €119,934,422 | €117,224,758 | -€2.7m | -2.3% |
| Current assets | 29/58 | €307,757 | €289,894 | -€17,863 | -5.8% |
| Cash at bank and in hand | 54/58 | €307,757 | €289,894 | -€17,863 | -5.8% |
| Total equity and liabilities | 10/49 | €138,054,180 | €135,326,654 | -€2.7m | -2.0% |
| Equity | 10/15 | €19,726,664 | €20,241,814 | +€515,149 | +2.6% |
| Contributions | 10/11 | €17,850,000 | €17,850,000 | = | 0.0% |
| Capital | 10 | €17,850,000 | €17,850,000 | = | 0.0% |
| Issued capital | 100 | €17,850,000 | €17,850,000 | = | 0.0% |
| Reserves | 13 | €1,443,833 | €1,694,591 | +€250,757 | +17.4% |
| Non-distributable reserves | 130/1 | €1,443,833 | €1,694,591 | +€250,757 | +17.4% |
| Legal reserve | 130 | €1,443,833 | €1,694,591 | +€250,757 | +17.4% |
| Profit (loss) carried forward | 14 | €432,831 | €697,223 | +€264,392 | +61.1% |
| Amounts payable | 17/49 | €118,327,515 | €115,084,840 | -€3.2m | -2.7% |
| Amounts payable after more than one year | 17 | €113,792,791 | €110,528,277 | -€3.3m | -2.9% |
| Financial debts | 170/4 | €113,792,791 | €110,528,277 | -€3.3m | -2.9% |
| Subordinated loans | 170 | €113,792,791 | €110,528,277 | -€3.3m | -2.9% |
| Amounts payable within one year | 42/48 | €4,534,725 | €4,556,563 | +€21,838 | +0.5% |
| Trade debts | 44 | €10,954 | €11,034 | +€80 | +0.7% |
| Suppliers | 440/4 | €10,954 | €11,034 | +€80 | +0.7% |
| Taxes, remuneration and social security | 45 | €23,771 | €45,530 | +€21,759 | +91.5% |
| Taxes | 450/3 | €23,771 | €45,530 | +€21,759 | +91.5% |
| Other amounts payable | 47/48 | €4,500,000 | €4,500,000 | = | 0.0% |
| Operating charges | 60/66A | €16,912 | €17,085 | +€173 | +1.0% |
| Services and other goods | 61 | €13,417 | €13,479 | +€62 | +0.5% |
| Other operating charges | 640/8 | €3,495 | €3,606 | +€111 | +3.2% |
| Operating profit (loss) | 9901 | -€16,912 | -€17,085 | -€173 | -1.0% |
| Financial income | 75/76B | €16,307,930 | €16,039,810 | -€268,120 | -1.6% |
| Recurring financial income | 75 | €16,307,930 | €16,039,810 | -€268,120 | -1.6% |
| Income from financial fixed assets | 750 | €16,307,930 | €16,039,810 | -€268,120 | -1.6% |
| Financial charges | 65/66B | €11,196,061 | €10,835,818 | -€360,243 | -3.2% |
| Recurring financial charges | 65 | €11,196,061 | €10,835,818 | -€360,243 | -3.2% |
| Debt charges | 650 | €11,195,759 | €10,835,486 | -€360,273 | -3.2% |
| Other financial charges | 652/9 | €301 | €331 | +€30 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €5,094,958 | €5,186,908 | +€91,950 | +1.8% |
| Income taxes | 67/77 | €148,771 | €171,759 | +€22,987 | +15.5% |
| Taxes | 670/3 | €148,771 | €171,759 | +€22,987 | +15.5% |
| Profit (loss) for the period | 9904 | €4,946,187 | €5,015,149 | +€68,962 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,946,187 | €5,015,149 | +€68,962 | +1.4% |
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 24 October 2026 via checked.be.