Institut Technique: what changed
Two fiscal 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 Technique
NACE 85.324, Education
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,978
2024 · -€47,010+€59,988
Equity
€2.5m
2024 · €2.6m-€25,009
Cash
€732,048
2024 · €690,921+€41,126
Balance sheet total
€2.6m
2024 · €2.7m-€14,689
Largest movements
Assets
- Receivables within one year -€78,580
down €78,580 (-18.8%), from €418,487 to €339,907
of which Other amounts receivable: -€66,728
- Cash +€41,126
up €41,126 (+6.0%), from €690,921 to €732,048
mainly Depreciation (+€128,765) and Receivables within one year (+€78,580)
Equity and liabilities
- Investment grants -€37,987
down €37,987 (-74.2%), from €51,180 to €13,193
Income statement
- Services and other goods -€193,450
down €193,450 (-24.9%), from €777,110 to €583,660
- Staff costs -€84,494
down €84,494 (-1.0%), from €8.5m to €8.4m
- Other operating income -€50,135
down €50,135 (-30.9%), from €162,105 to €111,970
- Goods and materials -€35,004
down €35,004 (-15.7%), from €223,213 to €188,209
of which Purchases: -€30,648
- Depreciation +€9,061
up €9,061 (+7.6%), from €119,704 to €128,765
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
-€47,010
Turnover
-€7,567
Other operating income
-€50,135
Goods and materials
+€35,004
Services and other goods
+€193,450
Staff costs
+€84,494
Depreciation
-€9,061
Write-downs
-€3,442
Other operating charges
-€3,546
Other operating items
-€175,748
Financial income
-€3,123
Financial charges
-€338
Result 2025
€12,978
Cash bridge derived
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
+€219,345
Investment
-€140,232
Financing
-€37,987
Cash 2024
€690,921
From operations (derived)
+€219,345
Net result for the year
+€12,978
Depreciation
+€128,765
Stocks and contracts
+€3,069
Receivables within one year
+€78,580
Deferred charges and accrued income
-€14,366
Debts within one year
-€2,673
Accrued charges and deferred income
+€12,993
Investment (derived)
-€140,232
Investment in fixed assets (net)
-€134,232
Current investments
-€6,000
Financing
-€37,987
Contributions, distributions and other
-€37,987
Cash 2025
€732,048
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,658,634 | €2,643,945 | -€14,689 | -0.6% |
| Fixed assets | 21/28 | €1,136,197 | €1,141,664 | +€5,467 | +0.5% |
| Tangible fixed assets | 22/27 | €1,136,072 | €1,141,539 | +€5,467 | +0.5% |
| Land and buildings | 22 | €892,417 | €892,417 | = | 0.0% |
| Plant, machinery and equipment | 23 | €129,693 | €147,410 | +€17,717 | +13.7% |
| Furniture and vehicles | 24 | €23,599 | €44,120 | +€20,521 | +87.0% |
| Other tangible fixed assets | 26 | €90,363 | €57,592 | -€32,772 | -36.3% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Other financial fixed assets | 284/8 | €125 | €125 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €1,522,437 | €1,502,281 | -€20,156 | -1.3% |
| Stocks and contracts in progress | 3 | €47,074 | €44,005 | -€3,069 | -6.5% |
| Stocks | 30/36 | €47,074 | €44,005 | -€3,069 | -6.5% |
| Raw materials and consumables | 30/31 | €47,074 | €44,005 | -€3,069 | -6.5% |
| Amounts receivable within one year | 40/41 | €418,487 | €339,907 | -€78,580 | -18.8% |
| Trade receivables | 40 | €28,994 | €17,142 | -€11,852 | -40.9% |
| Other amounts receivable | 41 | €389,493 | €322,765 | -€66,728 | -17.1% |
| Current investments | 50/53 | €329,621 | €335,621 | +€6,000 | +1.8% |
| Cash at bank and in hand | 54/58 | €690,921 | €732,048 | +€41,126 | +6.0% |
| Deferred charges and accrued income | 490/1 | €36,334 | €50,700 | +€14,366 | +39.5% |
| Total equity and liabilities | 10/49 | €2,658,634 | €2,643,945 | -€14,689 | -0.6% |
| Equity | 10/15 | €2,552,899 | €2,527,890 | -€25,009 | -1.0% |
| Contributions | 10/11 | €261,997 | €261,997 | = | 0.0% |
| Capital | 10 | €261,997 | €261,997 | = | 0.0% |
| Revaluation surpluses | 12 | €347,051 | €347,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,892,672 | €1,905,650 | +€12,978 | +0.7% |
| Investment grants | 15 | €51,180 | €13,193 | -€37,987 | -74.2% |
| Amounts payable | 17/49 | €105,735 | €116,055 | +€10,320 | +9.8% |
| Amounts payable within one year | 42/48 | €90,070 | €87,397 | -€2,673 | -3.0% |
| Trade debts | 44 | €75,978 | €78,344 | +€2,367 | +3.1% |
| Suppliers | 440/4 | €75,978 | €78,344 | +€2,367 | +3.1% |
| Advances received on contracts in progress | 46 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €13,592 | €8,452 | -€5,140 | -37.8% |
| Remuneration and social security | 454/9 | €13,592 | €8,452 | -€5,140 | -37.8% |
| Accrued charges and deferred income | 492/3 | €15,665 | €28,658 | +€12,993 | +82.9% |
| Operating income | 70/76A | €9,570,892 | €9,328,667 | -€242,225 | -2.5% |
| Turnover | 70 | €54,351 | €46,785 | -€7,567 | -13.9% |
| Other operating income | 74 | €162,105 | €111,970 | -€50,135 | -30.9% |
| Non-recurring operating income | 76A | €21 | - | -€21 | |
| Operating charges | 60/66A | €9,663,414 | €9,357,740 | -€305,674 | -3.2% |
| Goods for resale, raw materials and consumables | 60 | €223,213 | €188,209 | -€35,004 | -15.7% |
| Purchases | 600/8 | €215,787 | €185,140 | -€30,648 | -14.2% |
| Change in stocks: decrease (increase) | 609 | €7,426 | €3,069 | -€4,357 | -58.7% |
| Services and other goods | 61 | €777,110 | €583,660 | -€193,450 | -24.9% |
| Remuneration, social security and pensions | 62 | €8,528,958 | €8,444,464 | -€84,494 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,704 | €128,765 | +€9,061 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,554 | €4,996 | +€3,442 | +221.6% |
| Other operating charges | 640/8 | €1,275 | €4,821 | +€3,546 | +278.1% |
| Non-recurring operating charges | 66A | €11,600 | €2,825 | -€8,775 | -75.6% |
| Operating profit (loss) | 9901 | -€92,522 | -€29,073 | +€63,449 | +68.6% |
| Financial income | 75/76B | €49,673 | €46,550 | -€3,123 | -6.3% |
| Recurring financial income | 75 | €49,673 | €46,550 | -€3,123 | -6.3% |
| Income from current assets | 751 | €49,647 | €46,517 | -€3,130 | -6.3% |
| Other financial income | 752/9 | €26 | €33 | +€7 | +26.1% |
| Financial charges | 65/66B | €4,161 | €4,499 | +€338 | +8.1% |
| Recurring financial charges | 65 | €4,161 | €4,499 | +€338 | +8.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €4,160 | €4,499 | +€339 | +8.1% |
| Other financial charges | 652/9 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | -€47,010 | €12,978 | +€59,988 | |
| Profit (loss) for the period | 9904 | -€47,010 | €12,978 | +€59,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,010 | €12,978 | +€59,988 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.