Institut Saint Louis: 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 Louis
NACE 85.314, Education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€109,815
2024 · €156,072-€46,257
Equity
€4.4m
2024 · €4.3m+€52,847
Cash
€1.2m
2024 · €1.1m+€108,327
Balance sheet total
€10.5m
2024 · €10.7m-€192,359
Largest movements
Assets
- Receivables within one year -€194,292
down €194,292 (-49.2%), from €394,768 to €200,476
of which Other amounts receivable: -€254,270
- Tangible fixed assets -€134,423
down €134,423 (-1.7%), from €8.0m to €7.9m
of which Land and buildings: -€390,668
- Cash +€108,327
up €108,327 (+10.1%), from €1.1m to €1.2m
mainly Depreciation (+€597,212) and Receivables within one year (+€194,292)
Equity and liabilities
- Debts after one year -€267,499
down €267,499 (-4.8%), from €5.6m to €5.3m
- Profit (loss) carried forward +€109,815
up €109,815 (+3.4%), from €3.3m to €3.4m
Income statement
- Staff costs +€379,367
up €379,367 (+3.2%), from €11.7m to €12.1m
- Goods and materials +€90,006
up €90,006 (+13.8%), from €650,242 to €740,247
of which Purchases: +€89,834
- Turnover +€73,203
up €73,203 (+5.9%), from €1.3m to €1.3m
- Services and other goods +€57,383
up €57,383 (+6.7%), from €851,294 to €908,677
- Depreciation -€47,290
down €47,290 (-7.3%), from €644,502 to €597,212
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
€156,072
Turnover
+€73,203
Other operating income
+€1,950
Goods and materials
-€90,006
Services and other goods
-€57,383
Staff costs
-€379,367
Depreciation
+€47,290
Write-downs
+€9,360
Other operating charges
-€4,476
Other operating items
+€355,164
Financial income
+€31,591
Financial charges
-€33,586
Result 2025
€109,815
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
+€899,393
Investment
-€466,600
Financing
-€324,467
Cash 2024
€1.1m
From operations (derived)
+€899,393
Net result for the year
+€109,815
Depreciation
+€597,212
Receivables after one year
+€22,657
Stocks and contracts
-€1,706
Receivables within one year
+€194,292
Deferred charges and accrued income
-€45,169
Debts within one year
-€17,109
Accrued charges and deferred income
+€39,403
Investment (derived)
-€466,600
Investment in fixed assets (net)
-€461,690
Current investments
-€4,910
Financing
-€324,467
Debts after one year
-€267,499
Contributions, distributions and other
-€56,968
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,692,856 | €10,500,497 | -€192,359 | -1.8% |
| Fixed assets | 21/28 | €8,037,278 | €7,901,755 | -€135,522 | -1.7% |
| Tangible fixed assets | 22/27 | €8,035,720 | €7,901,298 | -€134,423 | -1.7% |
| Land and buildings | 22 | €7,435,728 | €7,045,060 | -€390,668 | -5.3% |
| Plant, machinery and equipment | 23 | €121,780 | €334,325 | +€212,546 | +175% |
| Furniture and vehicles | 24 | €127,062 | €84,352 | -€42,710 | -33.6% |
| Other tangible fixed assets | 26 | €264,984 | €275,625 | +€10,640 | +4.0% |
| Assets under construction and advance payments | 27 | €86,167 | €161,936 | +€75,768 | +87.9% |
| Financial fixed assets | 28 | €1,557 | €457 | -€1,100 | -70.6% |
| Other financial fixed assets | 284/8 | €1,557 | €457 | -€1,100 | -70.6% |
| Amounts receivable and cash guarantees | 285/8 | €1,557 | €457 | -€1,100 | -70.6% |
| Current assets | 29/58 | €2,655,578 | €2,598,742 | -€56,836 | -2.1% |
| Amounts receivable after more than one year | 29 | €210,292 | €187,635 | -€22,657 | -10.8% |
| Other amounts receivable | 291 | €210,292 | €187,635 | -€22,657 | -10.8% |
| Stocks and contracts in progress | 3 | €49,322 | €51,028 | +€1,706 | +3.5% |
| Stocks | 30/36 | €49,322 | €51,028 | +€1,706 | +3.5% |
| Goods purchased for resale | 34 | €49,322 | €51,028 | +€1,706 | +3.5% |
| Amounts receivable within one year | 40/41 | €394,768 | €200,476 | -€194,292 | -49.2% |
| Trade receivables | 40 | €103,264 | €163,242 | +€59,978 | +58.1% |
| Other amounts receivable | 41 | €291,503 | €37,233 | -€254,270 | -87.2% |
| Current investments | 50/53 | €230,052 | €234,962 | +€4,910 | +2.1% |
| Cash at bank and in hand | 54/58 | €1,067,444 | €1,175,771 | +€108,327 | +10.1% |
| Deferred charges and accrued income | 490/1 | €703,701 | €748,871 | +€45,169 | +6.4% |
| Total equity and liabilities | 10/49 | €10,692,856 | €10,500,497 | -€192,359 | -1.8% |
| Equity | 10/15 | €4,316,714 | €4,369,560 | +€52,847 | +1.2% |
| Contributions | 10/11 | €252,863 | €252,863 | = | 0.0% |
| Capital | 10 | €252,863 | €252,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,277,830 | €3,387,644 | +€109,815 | +3.4% |
| Investment grants | 15 | €786,021 | €729,053 | -€56,968 | -7.2% |
| Amounts payable | 17/49 | €6,376,142 | €6,130,937 | -€245,205 | -3.8% |
| Amounts payable after more than one year | 17 | €5,573,263 | €5,305,764 | -€267,499 | -4.8% |
| Financial debts | 170/4 | €5,573,263 | €5,305,764 | -€267,499 | -4.8% |
| Credit institutions | 173 | €5,573,263 | €5,305,764 | -€267,499 | -4.8% |
| Amounts payable within one year | 42/48 | €540,002 | €522,893 | -€17,109 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €308,054 | €280,461 | -€27,593 | -9.0% |
| Trade debts | 44 | €87,727 | €96,891 | +€9,164 | +10.4% |
| Suppliers | 440/4 | €87,727 | €96,891 | +€9,164 | +10.4% |
| Advances received on contracts in progress | 46 | €50,432 | €51,582 | +€1,150 | +2.3% |
| Taxes, remuneration and social security | 45 | €79,539 | €79,934 | +€395 | +0.5% |
| Taxes | 450/3 | €12,693 | €4,014 | -€8,679 | -68.4% |
| Remuneration and social security | 454/9 | €66,846 | €75,920 | +€9,074 | +13.6% |
| Accrued charges and deferred income | 492/3 | €262,877 | €302,280 | +€39,403 | +15.0% |
| Operating income | 70/76A | €14,080,498 | €14,510,756 | +€430,258 | +3.1% |
| Turnover | 70 | €1,251,324 | €1,324,527 | +€73,203 | +5.9% |
| Membership fees, donations, legacies and grants | 73 | €12,789,490 | €13,146,423 | +€356,933 | +2.8% |
| Other operating income | 74 | €37,855 | €39,805 | +€1,950 | +5.2% |
| Non-recurring operating income | 76A | €1,829 | - | -€1,829 | |
| Operating charges | 60/66A | €13,848,785 | €14,323,306 | +€474,521 | +3.4% |
| Goods for resale, raw materials and consumables | 60 | €650,242 | €740,247 | +€90,006 | +13.8% |
| Purchases | 600/8 | €652,120 | €741,954 | +€89,834 | +13.8% |
| Change in stocks: decrease (increase) | 609 | -€1,878 | -€1,706 | +€172 | +9.1% |
| Services and other goods | 61 | €851,294 | €908,677 | +€57,383 | +6.7% |
| Remuneration, social security and pensions | 62 | €11,696,487 | €12,075,854 | +€379,367 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €644,502 | €597,212 | -€47,290 | -7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,636 | -€4,724 | -€9,360 | |
| Other operating charges | 640/8 | €1,548 | €6,024 | +€4,476 | +289% |
| Non-recurring operating charges | 66A | €75 | €15 | -€60 | -80.0% |
| Operating profit (loss) | 9901 | €231,713 | €187,450 | -€44,263 | -19.1% |
| Financial income | 75/76B | €14,654 | €46,245 | +€31,591 | +216% |
| Recurring financial income | 75 | €14,654 | €46,245 | +€31,591 | +216% |
| Income from current assets | 751 | €7,939 | €8,266 | +€327 | +4.1% |
| Other financial income | 752/9 | €6,715 | €37,979 | +€31,264 | +466% |
| Financial charges | 65/66B | €90,295 | €123,880 | +€33,586 | +37.2% |
| Recurring financial charges | 65 | €90,295 | €123,880 | +€33,586 | +37.2% |
| Debt charges | 650 | €86,764 | €120,775 | +€34,010 | +39.2% |
| Other financial charges | 652/9 | €3,530 | €3,106 | -€425 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €156,072 | €109,815 | -€46,257 | -29.6% |
| Profit (loss) for the period | 9904 | €156,072 | €109,815 | -€46,257 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €156,072 | €109,815 | -€46,257 | -29.6% |
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 27 October 2026 via checked.be.