Institut Notre-Dame: 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
Institut Notre-Dame
NACE 85.314, Education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€123,218
2024 · -€186,057+€62,839
Equity
€3.9m
2024 · €4.1m-€141,208
Cash
€852,535
2024 · €1.1m-€253,754
Balance sheet total
€8.6m
2024 · €9.0m-€337,600
Largest movements
Assets
- Tangible fixed assets -€495,179
down €495,179 (-8.4%), from €5.9m to €5.4m
of which Land and buildings: -€289,671
- Current investments +€444,772
up €444,772 (+95.6%), from €465,063 to €909,835
- Cash -€253,754
down €253,754 (-22.9%), from €1.1m to €852,535
mainly Current investments (-€444,772) and Debts after one year (-€174,248)
Equity and liabilities
- Debts after one year -€174,248
down €174,248 (-4.2%), from €4.2m to €4.0m
- Profit (loss) carried forward -€123,218
down €123,218 (-3.5%), from €3.5m to €3.4m
Income statement
- Services and other goods -€78,245
down €78,245 (-8.0%), from €983,503 to €905,259
- Other operating charges -€38,146
down €38,146 (-4.7%), from €818,066 to €779,920
- Depreciation -€34,608
down €34,608 (-5.2%), from €663,088 to €628,480
- Staff costs -€28,665
down €28,665 (-0.3%), from €10.5m to €10.5m
- Write-downs +€26,154
up €26,154 (+515%), from €5,081 to €31,235
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
-€186,057
Turnover
-€3,910
Other operating income
+€4,173
Goods and materials
+€16,484
Services and other goods
+€78,245
Staff costs
+€28,665
Depreciation
+€34,608
Write-downs
-€26,154
Other operating charges
+€38,146
Other operating items
-€80,484
Financial income
-€13,487
Financial charges
-€13,816
Taxes
+€370
Result 2025
-€123,218
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
+€516,556
Investment
-€578,073
Financing
-€192,237
Cash 2024
€1.1m
From operations (derived)
+€516,556
Net result for the year
-€123,218
Depreciation
+€628,480
Stocks and contracts
+€4,085
Receivables within one year
+€73,008
Deferred charges and accrued income
-€43,654
Debts within one year
-€32,518
Accrued charges and deferred income
+€10,373
Investment (derived)
-€578,073
Investment in fixed assets (net)
-€133,301
Current investments
-€444,772
Financing
-€192,237
Debts after one year
-€174,248
Contributions, distributions and other
-€17,990
Cash 2025
€852,535
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,953,023 | €8,615,423 | -€337,600 | -3.8% |
| Fixed assets | 21/28 | €6,213,091 | €5,717,912 | -€495,179 | -8.0% |
| Tangible fixed assets | 22/27 | €5,895,582 | €5,400,403 | -€495,179 | -8.4% |
| Land and buildings | 22 | €3,918,213 | €3,628,542 | -€289,671 | -7.4% |
| Plant, machinery and equipment | 23 | €1,681,591 | €1,497,712 | -€183,879 | -10.9% |
| Furniture and vehicles | 24 | €278,598 | €267,131 | -€11,467 | -4.1% |
| Leasing and similar rights | 25 | €14,276 | €7,018 | -€7,258 | -50.8% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €2,904 | €0 | -€2,904 | -100% |
| Financial fixed assets | 28 | €317,509 | €317,509 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €317,500 | €317,500 | = | 0.0% |
| Participating interests | 282 | €317,500 | €317,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9 | €9 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9 | €9 | = | 0.0% |
| Current assets | 29/58 | €2,739,932 | €2,897,511 | +€157,579 | +5.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €116,502 | €112,417 | -€4,085 | -3.5% |
| Stocks | 30/36 | €116,502 | €112,417 | -€4,085 | -3.5% |
| Raw materials and consumables | 30/31 | €107,203 | €106,930 | -€273 | -0.3% |
| Goods purchased for resale | 34 | €9,299 | €5,487 | -€3,813 | -41.0% |
| Amounts receivable within one year | 40/41 | €988,030 | €915,022 | -€73,008 | -7.4% |
| Trade receivables | 40 | €498,289 | €472,391 | -€25,898 | -5.2% |
| Other amounts receivable | 41 | €489,741 | €442,631 | -€47,110 | -9.6% |
| Current investments | 50/53 | €465,063 | €909,835 | +€444,772 | +95.6% |
| Cash at bank and in hand | 54/58 | €1,106,290 | €852,535 | -€253,754 | -22.9% |
| Deferred charges and accrued income | 490/1 | €64,047 | €107,702 | +€43,654 | +68.2% |
| Total equity and liabilities | 10/49 | €8,953,023 | €8,615,423 | -€337,600 | -3.8% |
| Equity | 10/15 | €4,087,618 | €3,946,410 | -€141,208 | -3.5% |
| Contributions | 10/11 | €187,484 | €187,484 | = | 0.0% |
| Capital | 10 | €187,484 | €187,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,521,967 | €3,398,749 | -€123,218 | -3.5% |
| Investment grants | 15 | €378,167 | €360,177 | -€17,990 | -4.8% |
| Amounts payable | 17/49 | €4,865,405 | €4,669,013 | -€196,392 | -4.0% |
| Amounts payable after more than one year | 17 | €4,161,038 | €3,986,790 | -€174,248 | -4.2% |
| Financial debts | 170/4 | €4,161,038 | €3,986,790 | -€174,248 | -4.2% |
| Leasing and similar obligations | 172 | €14,461 | €8,842 | -€5,619 | -38.9% |
| Credit institutions | 173 | €4,146,576 | €3,977,947 | -€168,629 | -4.1% |
| Amounts payable within one year | 42/48 | €432,562 | €400,044 | -€32,518 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €169,981 | €174,248 | +€4,267 | +2.5% |
| Trade debts | 44 | €161,780 | €144,024 | -€17,756 | -11.0% |
| Suppliers | 440/4 | €161,780 | €144,024 | -€17,756 | -11.0% |
| Taxes, remuneration and social security | 45 | €30,436 | €32,636 | +€2,199 | +7.2% |
| Taxes | 450/3 | €17,588 | €15,187 | -€2,401 | -13.7% |
| Remuneration and social security | 454/9 | €12,848 | €17,448 | +€4,600 | +35.8% |
| Accrued charges and deferred income | 492/3 | €271,805 | €282,179 | +€10,373 | +3.8% |
| Operating income | 70/76A | €13,088,559 | €13,028,683 | -€59,876 | -0.5% |
| Turnover | 70 | €10,143 | €6,232 | -€3,910 | -38.6% |
| Membership fees, donations, legacies and grants | 73 | €12,046,521 | €11,972,046 | -€74,475 | -0.6% |
| Other operating income | 74 | €1,012,333 | €1,016,505 | +€4,173 | +0.4% |
| Non-recurring operating income | 76A | €19,564 | €33,900 | +€14,337 | +73.3% |
| Operating charges | 60/66A | €13,241,428 | €13,091,780 | -€149,648 | -1.1% |
| Goods for resale, raw materials and consumables | 60 | €213,275 | €196,792 | -€16,484 | -7.7% |
| Purchases | 600/8 | €216,761 | €192,707 | -€24,055 | -11.1% |
| Change in stocks: decrease (increase) | 609 | -€3,486 | €4,085 | +€7,571 | |
| Services and other goods | 61 | €983,503 | €905,259 | -€78,245 | -8.0% |
| Remuneration, social security and pensions | 62 | €10,541,207 | €10,512,542 | -€28,665 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663,088 | €628,480 | -€34,608 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,081 | €31,235 | +€26,154 | +515% |
| Other operating charges | 640/8 | €818,066 | €779,920 | -€38,146 | -4.7% |
| Non-recurring operating charges | 66A | €17,206 | €37,552 | +€20,346 | +118% |
| Operating profit (loss) | 9901 | -€152,868 | -€63,097 | +€89,772 | +58.7% |
| Financial income | 75/76B | €19,070 | €5,583 | -€13,487 | -70.7% |
| Recurring financial income | 75 | €19,070 | €5,583 | -€13,487 | -70.7% |
| Income from financial fixed assets | 750 | €10,220 | - | -€10,220 | |
| Income from current assets | 751 | €5,148 | €5,583 | +€435 | +8.4% |
| Other financial income | 752/9 | €3,701 | €0 | -€3,701 | -100% |
| Financial charges | 65/66B | €50,739 | €64,555 | +€13,816 | +27.2% |
| Recurring financial charges | 65 | €50,739 | €64,555 | +€13,816 | +27.2% |
| Debt charges | 650 | €43,547 | €55,791 | +€12,244 | +28.1% |
| Other financial charges | 652/9 | €7,192 | €8,764 | +€1,572 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | -€184,538 | -€122,069 | +€62,469 | +33.9% |
| Income taxes | 67/77 | €1,520 | €1,150 | -€370 | -24.3% |
| Taxes | 670/3 | €1,520 | €1,150 | -€370 | -24.3% |
| Profit (loss) for the period | 9904 | -€186,057 | -€123,218 | +€62,839 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€186,057 | -€123,218 | +€62,839 | +33.8% |
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 1 November 2026 via checked.be.