Institut Saint - Joseph: 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 Saint - Joseph
NACE 85.314, Education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€99,408
2024 · €84,202+€15,206
Equity
€3.6m
2024 · €3.1m+€428,878
Cash
€868,442
2024 · €840,358+€28,084
Balance sheet total
€4.4m
2024 · €3.8m+€570,525
Largest movements
Assets
- Tangible fixed assets +€496,996
up €496,996 (+23.8%), from €2.1m to €2.6m
of which Assets under construction and advance payments: +€574,917
Equity and liabilities
- Investment grants +€329,470
up €329,470 (+30.5%), from €1.1m to €1.4m
- Debts after one year +€239,991
new in 2025: €239,991
- Debts within one year -€135,850
down €135,850 (-47.5%), from €286,061 to €150,211
of which Trade debts: -€161,110
- Profit (loss) carried forward +€99,408
up €99,408 (+10.3%), from €963,671 to €1.1m
Income statement
- Gross operating margin +€205,556
up €205,556 (+3.8%), from €5.4m to €5.6m
- Staff costs +€191,654
up €191,654 (+3.8%), from €5.0m to €5.2m
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
€84,202
Gross operating margin
+€205,556
Staff costs
-€191,654
Depreciation
-€3,137
Other operating charges
+€7,028
Financial income
+€1,362
Financial charges
-€3,949
Result 2025
€99,408
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
+€67,979
Investment
-€609,356
Financing
+€569,461
Cash 2024
€840,358
From operations (derived)
+€67,979
Net result for the year
+€99,408
Depreciation
+€106,521
Smaller working-capital items
-€1,740
Receivables within one year
-€37,866
Provisions
+€40,000
Debts within one year
-€135,850
Accrued charges and deferred income
-€2,494
Investment (derived)
-€609,356
Investment in fixed assets (net)
-€603,517
Current investments
-€5,839
Financing
+€569,461
Debts after one year
+€239,991
Contributions, distributions and other
+€329,470
Cash 2025
€868,442
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,800,913 | €4,371,438 | +€570,525 | +15.0% |
| Fixed assets | 21/28 | €2,086,337 | €2,583,333 | +€496,996 | +23.8% |
| Tangible fixed assets | 22/27 | €2,086,337 | €2,583,333 | +€496,996 | +23.8% |
| Land and buildings | 22 | €1,649,969 | €1,582,052 | -€67,917 | -4.1% |
| Furniture and vehicles | 24 | €144,424 | €134,420 | -€10,004 | -6.9% |
| Assets under construction and advance payments | 27 | €291,944 | €866,861 | +€574,917 | +197% |
| Current assets | 29/58 | €1,714,576 | €1,788,105 | +€73,529 | +4.3% |
| Stocks and contracts in progress | 3 | €16,204 | €16,662 | +€458 | +2.8% |
| Stocks | 30/36 | €16,204 | €16,662 | +€458 | +2.8% |
| Amounts receivable within one year | 40/41 | €277,353 | €315,219 | +€37,866 | +13.7% |
| Other amounts receivable | 41 | €277,353 | €315,219 | +€37,866 | +13.7% |
| Current investments | 50/53 | €548,401 | €554,240 | +€5,839 | +1.1% |
| Cash at bank and in hand | 54/58 | €840,358 | €868,442 | +€28,084 | +3.3% |
| Deferred charges and accrued income | 490/1 | €32,260 | €33,542 | +€1,282 | +4.0% |
| Total equity and liabilities | 10/49 | €3,800,913 | €4,371,438 | +€570,525 | +15.0% |
| Equity | 10/15 | €3,124,931 | €3,553,809 | +€428,878 | +13.7% |
| Contributions | 10/11 | €1,081,302 | €1,081,302 | = | 0.0% |
| Capital | 10 | €1,081,302 | €1,081,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | €963,671 | €1,063,079 | +€99,408 | +10.3% |
| Investment grants | 15 | €1,079,958 | €1,409,428 | +€329,470 | +30.5% |
| Provisions and deferred taxes | 16 | €360,000 | €400,000 | +€40,000 | +11.1% |
| Provisions for liabilities and charges | 160/5 | €360,000 | €400,000 | +€40,000 | +11.1% |
| Major repairs and maintenance | 162 | €360,000 | €400,000 | +€40,000 | +11.1% |
| Amounts payable | 17/49 | €315,982 | €417,629 | +€101,647 | +32.2% |
| Amounts payable after more than one year | 17 | - | €239,991 | +€239,991 | |
| Financial debts | 170/4 | - | €239,991 | +€239,991 | |
| Amounts payable within one year | 42/48 | €286,061 | €150,211 | -€135,850 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,805 | +€4,805 | |
| Trade debts | 44 | €276,811 | €115,701 | -€161,110 | -58.2% |
| Suppliers | 440/4 | €276,811 | €115,701 | -€161,110 | -58.2% |
| Taxes, remuneration and social security | 45 | €9,250 | €14,388 | +€5,138 | +55.5% |
| Remuneration and social security | 454/9 | €9,250 | €14,388 | +€5,138 | +55.5% |
| Accrued charges and deferred income | 492/3 | €29,921 | €27,427 | -€2,494 | -8.3% |
| Turnover | 70 | €72,740 | €70,979 | -€1,761 | -2.4% |
| Membership fees, donations, legacies and grants | 73 | €5,712,498 | €5,945,988 | +€233,490 | +4.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €425,878 | €452,051 | +€26,173 | +6.1% |
| Remuneration, social security and pensions | 62 | €5,046,557 | €5,238,211 | +€191,654 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,384 | €106,521 | +€3,137 | +3.0% |
| Other operating charges | 640/8 | €97,068 | €90,040 | -€7,028 | -7.2% |
| Gross operating margin | 9900 | €5,359,360 | €5,564,916 | +€205,556 | +3.8% |
| Operating profit (loss) | 9901 | €72,351 | €90,144 | +€17,793 | +24.6% |
| Financial income | 75/76B | €7,578 | €8,940 | +€1,362 | +18.0% |
| Recurring financial income | 75 | €7,578 | €8,940 | +€1,362 | +18.0% |
| Financial charges | 65/66B | -€4,273 | -€324 | +€3,949 | +92.4% |
| Recurring financial charges | 65 | -€4,273 | -€324 | +€3,949 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | €84,202 | €99,408 | +€15,206 | +18.1% |
| Profit (loss) for the period | 9904 | €84,202 | €99,408 | +€15,206 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,202 | €99,408 | +€15,206 | +18.1% |
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 24 October 2026 via checked.be.