INSTITUT A CORPS PARFAIT: 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.
INSTITUT A CORPS PARFAIT
Largest movements
- Receivables within one year +€65,112
up €65,112 (+125%), from €52,201 to €117,313
of which Other amounts receivable: +€54,354
- Cash +€34,377
up €34,377 (+10.6%), from €324,361 to €358,738
mainly Net result for the year (+€168,057) and Depreciation (+€34,436)
- Current investments +€15,274
up €15,274 (+41.9%), from €36,440 to €51,714
- Reserves +€133,057
up €133,057 (+24.7%), from €538,378 to €671,435
- Debts after one year -€64,887
down €64,887 (-56.6%), from €114,709 to €49,822
- Other debts +€24,018
up €24,018 (+219%), from €10,982 to €35,000
- Trade debts +€12,795
up €12,795 (+124%), from €10,311 to €23,106
- Gross operating margin +€55,248
up €55,248 (+12.0%), from €459,372 to €514,620
- Taxes +€14,431
up €14,431 (+24.5%), from €58,797 to €73,228
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 | €852,106 | €963,454 | +€111,348 | +13.1% |
| Fixed assets | 21/28 | €382,320 | €373,853 | -€8,467 | -2.2% |
| Tangible fixed assets | 22/27 | €382,170 | €373,703 | -€8,467 | -2.2% |
| Land and buildings | 22 | €315,287 | €302,121 | -€13,167 | -4.2% |
| Plant, machinery and equipment | 23 | €50,373 | €41,300 | -€9,074 | -18.0% |
| Furniture and vehicles | 24 | €16,509 | €30,282 | +€13,773 | +83.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €469,786 | €589,602 | +€119,816 | +25.5% |
| Stocks and contracts in progress | 3 | €53,413 | €57,384 | +€3,971 | +7.4% |
| Stocks | 30/36 | €53,413 | €57,384 | +€3,971 | +7.4% |
| Amounts receivable within one year | 40/41 | €52,201 | €117,313 | +€65,112 | +125% |
| Trade receivables | 40 | - | €10,757 | +€10,757 | |
| Other amounts receivable | 41 | €52,201 | €106,556 | +€54,354 | +104% |
| Current investments | 50/53 | €36,440 | €51,714 | +€15,274 | +41.9% |
| Cash at bank and in hand | 54/58 | €324,361 | €358,738 | +€34,377 | +10.6% |
| Deferred charges and accrued income | 490/1 | €3,370 | €4,452 | +€1,081 | +32.1% |
| Total equity and liabilities | 10/49 | €852,106 | €963,454 | +€111,348 | +13.1% |
| Equity | 10/15 | €563,379 | €696,436 | +€133,057 | +23.6% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Contributions outside capital | 11 | €22,000 | - | -€22,000 | |
| Other | 1109/19 | €22,000 | - | -€22,000 | |
| Reserves | 13 | €538,378 | €671,435 | +€133,057 | +24.7% |
| Distributable reserves | 133 | €538,378 | €671,435 | +€133,057 | +24.7% |
| Profit (loss) carried forward | 14 | €3,001 | €3,001 | = | 0.0% |
| Amounts payable | 17/49 | €288,727 | €267,018 | -€21,709 | -7.5% |
| Amounts payable after more than one year | 17 | €114,709 | €49,822 | -€64,887 | -56.6% |
| Financial debts | 170/4 | €114,709 | €49,822 | -€64,887 | -56.6% |
| Amounts payable within one year | 42/48 | €174,018 | €217,196 | +€43,178 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €61,968 | €64,821 | +€2,853 | +4.6% |
| Trade debts | 44 | €10,311 | €23,106 | +€12,795 | +124% |
| Suppliers | 440/4 | €10,311 | €23,106 | +€12,795 | +124% |
| Taxes, remuneration and social security | 45 | €90,757 | €94,269 | +€3,512 | +3.9% |
| Taxes | 450/3 | €58,310 | €53,761 | -€4,549 | -7.8% |
| Remuneration and social security | 454/9 | €32,447 | €40,508 | +€8,061 | +24.8% |
| Other amounts payable | 47/48 | €10,982 | €35,000 | +€24,018 | +219% |
| Non-recurring operating income | 76A | €3,105 | - | -€3,105 | |
| Remuneration, social security and pensions | 62 | €230,123 | €230,349 | +€226 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,600 | €34,436 | +€1,836 | +5.6% |
| Other operating charges | 640/8 | €4,360 | €3,715 | -€644 | -14.8% |
| Gross operating margin | 9900 | €459,372 | €514,620 | +€55,248 | +12.0% |
| Operating profit (loss) | 9901 | €192,289 | €246,120 | +€53,830 | +28.0% |
| Financial income | 75/76B | €2,505 | €3,094 | +€589 | +23.5% |
| Recurring financial income | 75 | €2,505 | €3,094 | +€589 | +23.5% |
| Financial charges | 65/66B | €12,620 | €7,929 | -€4,691 | -37.2% |
| Recurring financial charges | 65 | €12,620 | €7,929 | -€4,691 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €182,175 | €241,285 | +€59,110 | +32.4% |
| Income taxes | 67/77 | €58,797 | €73,228 | +€14,431 | +24.5% |
| Profit (loss) for the period | 9904 | €123,378 | €168,057 | +€44,679 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €123,378 | €168,057 | +€44,679 | +36.2% |
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 19 October 2026 via checked.be.