IJCO: 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
IJCO
NACE 85.599, Other education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,921
2024 · €33,096+€15,824
Equity
€204,733
2024 · €175,812+€28,921
Cash
€72,588
2024 · €127,302-€54,714
Balance sheet total
€1.3m
2024 · €1.6m-€236,141
Largest movements
Assets
- Receivables within one year -€163,580
down €163,580 (-33.3%), from €491,096 to €327,516
of which Trade receivables: -€208,727
- Cash -€54,714
down €54,714 (-43.0%), from €127,302 to €72,588
mainly Trade debts (-€253,619) and Investment in fixed assets (net) (-€103,205)
Equity and liabilities
- Trade debts -€253,619
down €253,619 (-45.0%), from €563,583 to €309,964
- Debts after one year -€44,276
down €44,276 (-7.0%), from €632,773 to €588,497
- Profit (loss) carried forward +€28,921
up €28,921 (+18.6%), from €155,352 to €184,273
Income statement
- Gross operating margin +€112,737
up €112,737 (+18.7%), from €603,497 to €716,234
- Staff costs +€73,652
up €73,652 (+17.2%), from €429,357 to €503,009
- Depreciation +€16,528
up €16,528 (+15.8%), from €104,859 to €121,387
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
€33,096
Gross operating margin
+€112,737
Staff costs
-€73,652
Depreciation
-€16,528
Other operating charges
-€1,827
Financial income
+€4,445
Financial charges
-€3,913
Taxes
-€5,439
Result 2025
€48,921
raises the resultlowers the result
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
+€105,596
Investment
-€103,205
Financing
-€57,105
Cash 2024
€127,302
From operations (derived)
+€105,596
Net result for the year
+€48,921
Depreciation
+€121,387
Receivables within one year
+€163,580
Deferred charges and accrued income
-€335
Trade debts
-€253,619
Tax, wage and social debts
+€14,245
Other debts
+€10,000
Accrued charges and deferred income
+€1,418
Investment (derived)
-€103,205
Investment in fixed assets (net)
-€103,205
Financing
-€57,105
Debts after one year
-€44,276
Current portion of long-term debt
+€7,171
Contributions, distributions and other
-€20,000
Cash 2025
€72,588
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,568,909 | €1,332,768 | -€236,141 | -15.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €948,160 | €929,978 | -€18,182 | -1.9% |
| Intangible fixed assets | 21 | €31,335 | €23,308 | -€8,027 | -25.6% |
| Tangible fixed assets | 22/27 | €909,519 | €899,164 | -€10,355 | -1.1% |
| Land and buildings | 22 | €433,350 | €413,489 | -€19,861 | -4.6% |
| Plant, machinery and equipment | 23 | €431,626 | €388,434 | -€43,192 | -10.0% |
| Furniture and vehicles | 24 | €44,544 | €97,241 | +€52,698 | +118% |
| Financial fixed assets | 28 | €7,306 | €7,506 | +€200 | +2.7% |
| Current assets | 29/58 | €620,748 | €402,790 | -€217,959 | -35.1% |
| Amounts receivable within one year | 40/41 | €491,096 | €327,516 | -€163,580 | -33.3% |
| Trade receivables | 40 | €409,561 | €200,834 | -€208,727 | -51.0% |
| Other amounts receivable | 41 | €81,535 | €126,682 | +€45,148 | +55.4% |
| Current investments | 50/53 | €375 | €375 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,302 | €72,588 | -€54,714 | -43.0% |
| Deferred charges and accrued income | 490/1 | €1,976 | €2,310 | +€335 | +16.9% |
| Total equity and liabilities | 10/49 | €1,568,909 | €1,332,768 | -€236,141 | -15.1% |
| Equity | 10/15 | €175,812 | €204,733 | +€28,921 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,352 | €184,273 | +€28,921 | +18.6% |
| Amounts payable | 17/49 | €1,393,096 | €1,128,035 | -€265,061 | -19.0% |
| Amounts payable after more than one year | 17 | €632,773 | €588,497 | -€44,276 | -7.0% |
| Financial debts | 170/4 | €632,773 | €588,497 | -€44,276 | -7.0% |
| Amounts payable within one year | 42/48 | €750,448 | €528,245 | -€222,203 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €100,903 | €108,074 | +€7,171 | +7.1% |
| Trade debts | 44 | €563,583 | €309,964 | -€253,619 | -45.0% |
| Suppliers | 440/4 | €563,583 | €309,964 | -€253,619 | -45.0% |
| Taxes, remuneration and social security | 45 | €85,962 | €100,207 | +€14,245 | +16.6% |
| Taxes | 450/3 | €25,013 | €25,997 | +€984 | +3.9% |
| Remuneration and social security | 454/9 | €60,949 | €74,210 | +€13,260 | +21.8% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €9,875 | €11,293 | +€1,418 | +14.4% |
| Remuneration, social security and pensions | 62 | €429,357 | €503,009 | +€73,652 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,859 | €121,387 | +€16,528 | +15.8% |
| Other operating charges | 640/8 | €3,699 | €5,525 | +€1,827 | +49.4% |
| Gross operating margin | 9900 | €603,497 | €716,234 | +€112,737 | +18.7% |
| Operating profit (loss) | 9901 | €65,582 | €86,313 | +€20,731 | +31.6% |
| Financial income | 75/76B | €1,811 | €6,256 | +€4,445 | +245% |
| Recurring financial income | 75 | €1,811 | €6,256 | +€4,445 | +245% |
| Financial charges | 65/66B | €23,738 | €27,651 | +€3,913 | +16.5% |
| Recurring financial charges | 65 | €23,738 | €27,651 | +€3,913 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €43,655 | €64,918 | +€21,263 | +48.7% |
| Income taxes | 67/77 | €10,558 | €15,997 | +€5,439 | +51.5% |
| Profit (loss) for the period | 9904 | €33,096 | €48,921 | +€15,824 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,096 | €48,921 | +€15,824 | +47.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.