Internat Saint-Paul: what changed
Internat Saint-Paul
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets -€102,220
down €102,220 (-16.8%), from €607,759 to €505,539
of which Land and buildings: -€74,616
- Cash -€44,135
down €44,135 (-20.1%), from €219,239 to €175,104
mainly Current investments (-€250,000) and Debts within one year (-€49,820)
- Receivables within one year -€35,059
down €35,059 (-23.6%), from €148,632 to €113,573
of which Trade receivables: -€35,059
- Deferred charges and accrued income +€29,695
up €29,695 (+295%), from €10,065 to €39,760
- Profit (loss) carried forward +€161,687
up €161,687 (+29.1%), from €556,338 to €718,025
- Debts within one year -€49,820
down €49,820 (-16.0%), from €311,003 to €261,182
of which Current portion of long-term debt: -€30,957
- Investment grants -€23,425
down €23,425 (-30.7%), from €76,241 to €52,816
- Gross operating margin +€161,778
up €161,778 (+19.9%), from €811,764 to €973,542
- Other operating charges -€77,126
down €77,126 (-99.6%), from €77,466 to €340
- Financial charges -€29,756
no longer reported in 2025 (was €29,756)
- Financial income -€11,449
no longer reported in 2025 (was €11,449)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €985,695 | €1,083,975 | +€98,281 | +10.0% |
| Fixed assets | 21/28 | €607,759 | €505,539 | -€102,220 | -16.8% |
| Tangible fixed assets | 22/27 | €607,759 | €505,539 | -€102,220 | -16.8% |
| Land and buildings | 22 | €507,280 | €432,664 | -€74,616 | -14.7% |
| Plant, machinery and equipment | 23 | €4,046 | €3,314 | -€732 | -18.1% |
| Furniture and vehicles | 24 | €73,166 | €57,941 | -€15,225 | -20.8% |
| Assets under construction and advance payments | 27 | €23,267 | €11,621 | -€11,646 | -50.1% |
| Current assets | 29/58 | €377,936 | €578,436 | +€200,500 | +53.1% |
| Amounts receivable within one year | 40/41 | €148,632 | €113,573 | -€35,059 | -23.6% |
| Trade receivables | 40 | €147,714 | €112,655 | -€35,059 | -23.7% |
| Other amounts receivable | 41 | €918 | €918 | = | 0.0% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €219,239 | €175,104 | -€44,135 | -20.1% |
| Deferred charges and accrued income | 490/1 | €10,065 | €39,760 | +€29,695 | +295% |
| Total equity and liabilities | 10/49 | €985,695 | €1,083,975 | +€98,281 | +10.0% |
| Equity | 10/15 | €632,579 | €770,842 | +€138,262 | +21.9% |
| Profit (loss) carried forward | 14 | €556,338 | €718,025 | +€161,687 | +29.1% |
| Investment grants | 15 | €76,241 | €52,816 | -€23,425 | -30.7% |
| Amounts payable | 17/49 | €353,115 | €313,134 | -€39,982 | -11.3% |
| Amounts payable after more than one year | 17 | €4,762 | €4,197 | -€565 | -11.9% |
| Financial debts | 170/4 | €4,762 | €4,197 | -€565 | -11.9% |
| Amounts payable within one year | 42/48 | €311,003 | €261,182 | -€49,820 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €31,522 | €565 | -€30,957 | -98.2% |
| Trade debts | 44 | €204,003 | €188,797 | -€15,206 | -7.5% |
| Suppliers | 440/4 | €204,003 | €188,797 | -€15,206 | -7.5% |
| Advances received on contracts in progress | 46 | - | €9,439 | +€9,439 | |
| Taxes, remuneration and social security | 45 | €75,478 | €62,042 | -€13,436 | -17.8% |
| Taxes | 450/3 | €12,925 | - | -€12,925 | |
| Remuneration and social security | 454/9 | €62,552 | €62,042 | -€510 | -0.8% |
| Accrued charges and deferred income | 492/3 | €37,350 | €47,754 | +€10,404 | +27.9% |
| Non-recurring operating income | 76A | €2,588 | - | -€2,588 | |
| Remuneration, social security and pensions | 62 | €687,708 | €685,939 | -€1,769 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,340 | €109,232 | +€5,893 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,901 | - | -€2,901 | |
| Other operating charges | 640/8 | €77,466 | €340 | -€77,126 | -99.6% |
| Gross operating margin | 9900 | €811,764 | €973,542 | +€161,778 | +19.9% |
| Operating profit (loss) | 9901 | -€55,778 | €178,031 | +€233,809 | |
| Financial income | 75/76B | €11,449 | - | -€11,449 | |
| Recurring financial income | 75 | €11,449 | - | -€11,449 | |
| Financial charges | 65/66B | €29,756 | - | -€29,756 | |
| Recurring financial charges | 65 | €29,756 | - | -€29,756 | |
| Profit (loss) for the period before taxes | 9903 | -€74,086 | €178,031 | +€252,116 | |
| Profit (loss) for the period | 9904 | -€74,086 | €178,031 | +€252,116 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,086 | €178,031 | +€252,116 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.