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.
Institut Notre-Dame
Largest movements
- Cash +€103,855
up €103,855 (+42.9%), from €242,214 to €346,069
mainly Depreciation (+€63,871) and Net result for the year (+€41,854)
- Tangible fixed assets -€37,626
down €37,626 (-3.4%), from €1.1m to €1.1m
of which Land and buildings: -€28,504
- Profit (loss) carried forward +€41,854
up €41,854 (+11.6%), from €361,329 to €403,183
- Investment grants +€21,262
up €21,262 (+3.2%), from €660,817 to €682,079
- Gross operating margin +€236,938
up €236,938 (+16.8%), from €1.4m to €1.6m
- Staff costs +€189,697
up €189,697 (+14.6%), from €1.3m to €1.5m
- Depreciation +€28,631
up €28,631 (+81.2%), from €35,240 to €63,871
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 | €1,350,207 | €1,416,436 | +€66,229 | +4.9% |
| Fixed assets | 21/28 | €1,102,843 | €1,065,217 | -€37,626 | -3.4% |
| Tangible fixed assets | 22/27 | €1,102,843 | €1,065,217 | -€37,626 | -3.4% |
| Land and buildings | 22 | €885,438 | €856,934 | -€28,504 | -3.2% |
| Plant, machinery and equipment | 23 | €127,932 | €133,730 | +€5,798 | +4.5% |
| Furniture and vehicles | 24 | €2,641 | €3,200 | +€559 | +21.2% |
| Other tangible fixed assets | 26 | €86,832 | €71,354 | -€15,479 | -17.8% |
| Current assets | 29/58 | €247,364 | €351,219 | +€103,855 | +42.0% |
| Amounts receivable within one year | 40/41 | €5,150 | €5,150 | = | 0.0% |
| Other amounts receivable | 41 | €5,150 | €5,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €242,214 | €346,069 | +€103,855 | +42.9% |
| Total equity and liabilities | 10/49 | €1,350,207 | €1,416,436 | +€66,229 | +4.9% |
| Equity | 10/15 | €1,123,789 | €1,186,905 | +€63,116 | +5.6% |
| Contributions | 10/11 | €101,644 | €101,644 | = | 0.0% |
| Capital | 10 | €101,644 | €101,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | €361,329 | €403,183 | +€41,854 | +11.6% |
| Investment grants | 15 | €660,817 | €682,079 | +€21,262 | +3.2% |
| Amounts payable | 17/49 | €226,417 | €229,530 | +€3,113 | +1.4% |
| Amounts payable after more than one year | 17 | €183,268 | €187,317 | +€4,049 | +2.2% |
| Financial debts | 170/4 | €183,268 | €187,317 | +€4,049 | +2.2% |
| Amounts payable within one year | 42/48 | €43,150 | €42,214 | -€936 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €29,129 | €29,503 | +€374 | +1.3% |
| Trade debts | 44 | €8,110 | €10,684 | +€2,574 | +31.7% |
| Suppliers | 440/4 | €8,110 | €10,684 | +€2,574 | +31.7% |
| Taxes, remuneration and social security | 45 | €5,910 | €2,026 | -€3,884 | -65.7% |
| Remuneration and social security | 454/9 | €5,910 | €2,026 | -€3,884 | -65.7% |
| Remuneration, social security and pensions | 62 | €1,295,315 | €1,485,012 | +€189,697 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,240 | €63,871 | +€28,631 | +81.2% |
| Other operating charges | 640/8 | €66,663 | €54,290 | -€12,373 | -18.6% |
| Gross operating margin | 9900 | €1,411,114 | €1,648,052 | +€236,938 | +16.8% |
| Operating profit (loss) | 9901 | €13,897 | €44,880 | +€30,983 | +223% |
| Financial income | 75/76B | €450 | €103 | -€347 | -77.1% |
| Recurring financial income | 75 | €450 | €103 | -€347 | -77.1% |
| Financial charges | 65/66B | €1,738 | €3,129 | +€1,391 | +80.1% |
| Recurring financial charges | 65 | €1,738 | €3,129 | +€1,391 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | €12,609 | €41,854 | +€29,245 | +232% |
| Profit (loss) for the period | 9904 | €12,609 | €41,854 | +€29,245 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €12,609 | €41,854 | +€29,245 | +232% |
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 26 October 2026 via checked.be.