L'ECOLE ACTIVE: 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
L'ECOLE ACTIVE
NACE 85.314, Education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€199,741
2024 · -€49,668-€150,073
Equity
-€141,946
2024 · €99,206-€241,152
Cash
€278,302
2024 · €318,455-€40,153
Balance sheet total
€7.9m
2024 · €8.4m-€524,176
Largest movements
Assets
- Tangible fixed assets -€341,321
down €341,321 (-4.4%), from €7.8m to €7.5m
of which Land and buildings: -€343,185
- Receivables within one year -€101,574
down €101,574 (-61.4%), from €165,497 to €63,923
of which Trade receivables: -€90,821
Equity and liabilities
- Debts after one year -€277,940
down €277,940 (-3.5%), from €8.0m to €7.7m
- Profit (loss) carried forward -€199,741
down €199,741 (-28.8%), from -€694,452 to -€894,193
Income statement
- Staff costs +€192,066
up €192,066 (+5.9%), from €3.3m to €3.5m
- Gross operating margin +€92,362
up €92,362 (+2.5%), from €3.6m to €3.7m
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
-€49,668
Gross operating margin
+€92,362
Staff costs
-€192,066
Depreciation
-€17,266
Other operating charges
-€26,798
Other operating items
-€3,079
Financial income
-€4,790
Financial charges
+€1,591
Taxes
-€28
Result 2025
-€199,741
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
+€309,605
Investment
-€30,408
Financing
-€319,351
Cash 2024
€318,455
From operations (derived)
+€309,605
Net result for the year
-€199,741
Depreciation
+€371,728
Receivables within one year
+€101,574
Deferred charges and accrued income
+€41,128
Debts within one year
-€4,369
Accrued charges and deferred income
-€715
Investment (derived)
-€30,408
Investment in fixed assets (net)
-€30,408
Financing
-€319,351
Debts after one year
-€277,940
Contributions, distributions and other
-€41,411
Cash 2025
€278,302
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,384,691 | €7,860,515 | -€524,176 | -6.3% |
| Fixed assets | 21/28 | €7,820,666 | €7,479,345 | -€341,321 | -4.4% |
| Tangible fixed assets | 22/27 | €7,820,666 | €7,479,345 | -€341,321 | -4.4% |
| Land and buildings | 22 | €7,799,898 | €7,456,713 | -€343,185 | -4.4% |
| Furniture and vehicles | 24 | €20,768 | €22,632 | +€1,864 | +9.0% |
| Current assets | 29/58 | €564,025 | €381,170 | -€182,855 | -32.4% |
| Amounts receivable within one year | 40/41 | €165,497 | €63,923 | -€101,574 | -61.4% |
| Trade receivables | 40 | €141,374 | €50,553 | -€90,821 | -64.2% |
| Other amounts receivable | 41 | €24,124 | €13,370 | -€10,753 | -44.6% |
| Cash at bank and in hand | 54/58 | €318,455 | €278,302 | -€40,153 | -12.6% |
| Deferred charges and accrued income | 490/1 | €80,073 | €38,945 | -€41,128 | -51.4% |
| Total equity and liabilities | 10/49 | €8,384,691 | €7,860,515 | -€524,176 | -6.3% |
| Equity | 10/15 | €99,206 | -€141,946 | -€241,152 | |
| Contributions | 10/11 | €40,848 | €40,848 | = | 0.0% |
| Capital | 10 | €40,848 | €40,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€694,452 | -€894,193 | -€199,741 | -28.8% |
| Investment grants | 15 | €752,809 | €711,398 | -€41,411 | -5.5% |
| Amounts payable | 17/49 | €8,285,486 | €8,002,462 | -€283,024 | -3.4% |
| Amounts payable after more than one year | 17 | €7,956,606 | €7,678,666 | -€277,940 | -3.5% |
| Financial debts | 170/4 | €7,956,606 | €7,678,666 | -€277,940 | -3.5% |
| Amounts payable within one year | 42/48 | €328,165 | €323,796 | -€4,369 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €277,210 | €277,940 | +€730 | +0.3% |
| Trade debts | 44 | €22,824 | €31,080 | +€8,256 | +36.2% |
| Suppliers | 440/4 | €22,824 | €31,080 | +€8,256 | +36.2% |
| Taxes, remuneration and social security | 45 | €6,493 | €13,683 | +€7,190 | +111% |
| Remuneration and social security | 454/9 | €6,493 | €13,683 | +€7,190 | +111% |
| Accrued charges and deferred income | 492/3 | €715 | - | -€715 | |
| Non-recurring operating income | 76A | - | €21,931 | +€21,931 | |
| Remuneration, social security and pensions | 62 | €3,273,409 | €3,465,475 | +€192,066 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354,463 | €371,728 | +€17,266 | +4.9% |
| Other operating charges | 640/8 | €7,754 | €34,551 | +€26,798 | +346% |
| Non-recurring operating charges | 66A | €163 | - | -€163 | |
| Gross operating margin | 9900 | €3,639,551 | €3,731,913 | +€92,362 | +2.5% |
| Operating profit (loss) | 9901 | €3,663 | -€143,183 | -€146,846 | |
| Financial income | 75/76B | €46,564 | €41,774 | -€4,790 | -10.3% |
| Recurring financial income | 75 | €46,564 | €41,774 | -€4,790 | -10.3% |
| Financial charges | 65/66B | €99,895 | €98,304 | -€1,591 | -1.6% |
| Recurring financial charges | 65 | €99,895 | €98,304 | -€1,591 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€49,668 | -€199,713 | -€150,045 | -302% |
| Income taxes | 67/77 | - | €28 | +€28 | |
| Profit (loss) for the period | 9904 | -€49,668 | -€199,741 | -€150,073 | -302% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,668 | -€199,741 | -€150,073 | -302% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.