Institut de Formation Continue, Sciences et Médecine: what changed
What changed
Institut de Formation Continue, Sciences et Médecine
NACE 82.300, Organisation of conventions and trade shows
filed annual accounts (NBB)
Net result for the year
€37,608
2024 · €59,208-€21,600
Equity
€468,420
2024 · €430,812+€37,608
Cash
€526,613
2024 · €461,680+€64,933
Balance sheet total
€648,914
2024 · €600,749+€48,165
Largest movements
Assets
- Cash +€64,933
up €64,933 (+14.1%), from €461,680 to €526,613
mainly Net result for the year (+€37,608) and Receivables within one year (+€17,261)
- Receivables within one year -€17,261
down €17,261 (-13.5%), from €127,609 to €110,348
of which Trade receivables: -€19,087
Equity and liabilities
- Profit (loss) carried forward +€37,608
up €37,608 (+8.7%), from €430,812 to €468,420
Income statement
- Gross operating margin -€17,951
down €17,951 (-3.6%), from €500,942 to €482,991
- Staff costs +€12,846
up €12,846 (+3.1%), from €408,448 to €421,295
- Other operating charges -€7,177
down €7,177 (-22.5%), from €31,920 to €24,743
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€59,208
Gross operating margin
-€17,951
Staff costs
-€12,846
Depreciation
+€1,840
Other operating charges
+€7,177
Other operating items
+€50
Financial income
-€131
Financial charges
+€20
Taxes
+€240
Result 2025
€37,608
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€64,933
Investment
€0
Financing
€0
Cash 2024
€461,680
From operations (derived)
+€64,933
Net result for the year
+€37,608
Depreciation
+€1,194
Receivables within one year
+€17,261
Deferred charges and accrued income
-€1,687
Trade debts
+€3,683
Tax, wage and social debts
+€5,484
Accrued charges and deferred income
+€1,390
Cash 2025
€526,613
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €600,749 | €648,914 | +€48,165 | +8.0% |
| Fixed assets | 21/28 | €1,652 | €457 | -€1,194 | -72.3% |
| Tangible fixed assets | 22/27 | €1,602 | €407 | -€1,194 | -74.6% |
| Furniture and vehicles | 24 | €1,602 | €407 | -€1,194 | -74.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €599,098 | €648,457 | +€49,359 | +8.2% |
| Amounts receivable within one year | 40/41 | €127,609 | €110,348 | -€17,261 | -13.5% |
| Trade receivables | 40 | €127,601 | €108,515 | -€19,087 | -15.0% |
| Other amounts receivable | 41 | €8 | €1,833 | +€1,826 | +23,495% |
| Cash at bank and in hand | 54/58 | €461,680 | €526,613 | +€64,933 | +14.1% |
| Deferred charges and accrued income | 490/1 | €9,809 | €11,496 | +€1,687 | +17.2% |
| Total equity and liabilities | 10/49 | €600,749 | €648,914 | +€48,165 | +8.0% |
| Equity | 10/15 | €430,812 | €468,420 | +€37,608 | +8.7% |
| Profit (loss) carried forward | 14 | €430,812 | €468,420 | +€37,608 | +8.7% |
| Amounts payable | 17/49 | €169,937 | €180,494 | +€10,557 | +6.2% |
| Amounts payable within one year | 42/48 | €69,792 | €78,959 | +€9,167 | +13.1% |
| Trade debts | 44 | €5,697 | €9,380 | +€3,683 | +64.7% |
| Suppliers | 440/4 | €5,697 | €9,380 | +€3,683 | +64.7% |
| Taxes, remuneration and social security | 45 | €64,095 | €69,579 | +€5,484 | +8.6% |
| Taxes | 450/3 | €5,867 | €7,978 | +€2,112 | +36.0% |
| Remuneration and social security | 454/9 | €58,229 | €61,601 | +€3,372 | +5.8% |
| Accrued charges and deferred income | 492/3 | €100,145 | €101,535 | +€1,390 | +1.4% |
| Remuneration, social security and pensions | 62 | €408,448 | €421,295 | +€12,846 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,034 | €1,194 | -€1,840 | -60.6% |
| Other operating charges | 640/8 | €31,920 | €24,743 | -€7,177 | -22.5% |
| Non-recurring operating charges | 66A | €100 | €50 | -€50 | -50.0% |
| Gross operating margin | 9900 | €500,942 | €482,991 | -€17,951 | -3.6% |
| Operating profit (loss) | 9901 | €57,440 | €35,710 | -€21,730 | -37.8% |
| Financial income | 75/76B | €2,826 | €2,696 | -€131 | -4.6% |
| Recurring financial income | 75 | €2,826 | €2,696 | -€131 | -4.6% |
| Financial charges | 65/66B | €211 | €190 | -€20 | -9.6% |
| Recurring financial charges | 65 | €211 | €190 | -€20 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €60,055 | €38,215 | -€21,840 | -36.4% |
| Income taxes | 67/77 | €847 | €607 | -€240 | -28.3% |
| Profit (loss) for the period | 9904 | €59,208 | €37,608 | -€21,600 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,208 | €37,608 | -€21,600 | -36.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.