Learn For Life: 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.
Learn For Life
Largest movements
- Tangible fixed assets +€20,887
up €20,887 (+1,229%), from €1,699 to €22,586
of which Plant, machinery and equipment: +€18,237
- Receivables within one year +€9,946
up €9,946 (+23.5%), from €42,414 to €52,360
of which Other amounts receivable: +€6,612
- Deferred charges and accrued income +€1,963
up €1,963 (+1,535%), from €128 to €2,091
- Cash -€1,575
down €1,575 (-7.4%), from €21,389 to €19,814
mainly Investment in fixed assets (net) (-€23,426) and Receivables within one year (-€9,946)
- Reserves +€15,901
up €15,901 (+40.8%), from €38,995 to €54,895
- Current portion of long-term debt +€9,887
new in 2025: €9,887
- Debts after one year +€8,498
new in 2025: €8,498
- Tax, wage and social debts -€4,171
down €4,171 (-21.0%), from €19,839 to €15,668
- Trade debts +€1,106
up €1,106 (+29.1%), from €3,796 to €4,902
- Gross operating margin +€7,224
up €7,224 (+32.1%), from €22,474 to €29,699
- Taxes +€1,519
up €1,519 (+27.0%), from €5,624 to €7,142
- Depreciation +€1,476
up €1,476 (+139%), from €1,063 to €2,540
- Financial income +€917
up €917 (+295%), from €311 to €1,227
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,629 | €96,850 | +€31,221 | +47.6% |
| Fixed assets | 21/28 | €1,699 | €22,586 | +€20,887 | +1,229% |
| Tangible fixed assets | 22/27 | €1,699 | €22,586 | +€20,887 | +1,229% |
| Plant, machinery and equipment | 23 | - | €18,237 | +€18,237 | |
| Furniture and vehicles | 24 | €1,699 | €4,349 | +€2,650 | +156% |
| Current assets | 29/58 | €63,931 | €74,265 | +€10,334 | +16.2% |
| Amounts receivable within one year | 40/41 | €42,414 | €52,360 | +€9,946 | +23.5% |
| Trade receivables | 40 | €23,069 | €26,404 | +€3,335 | +14.5% |
| Other amounts receivable | 41 | €19,345 | €25,956 | +€6,612 | +34.2% |
| Cash at bank and in hand | 54/58 | €21,389 | €19,814 | -€1,575 | -7.4% |
| Deferred charges and accrued income | 490/1 | €128 | €2,091 | +€1,963 | +1,535% |
| Total equity and liabilities | 10/49 | €65,629 | €96,850 | +€31,221 | +47.6% |
| Equity | 10/15 | €41,995 | €57,895 | +€15,901 | +37.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,995 | €54,895 | +€15,901 | +40.8% |
| Distributable reserves | 133 | €38,995 | €54,895 | +€15,901 | +40.8% |
| Amounts payable | 17/49 | €23,635 | €38,955 | +€15,320 | +64.8% |
| Amounts payable after more than one year | 17 | - | €8,498 | +€8,498 | |
| Financial debts | 170/4 | - | €8,498 | +€8,498 | |
| Amounts payable within one year | 42/48 | €23,635 | €30,457 | +€6,823 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,887 | +€9,887 | |
| Trade debts | 44 | €3,796 | €4,902 | +€1,106 | +29.1% |
| Suppliers | 440/4 | €3,796 | €4,902 | +€1,106 | +29.1% |
| Taxes, remuneration and social security | 45 | €19,839 | €15,668 | -€4,171 | -21.0% |
| Taxes | 450/3 | €19,839 | €15,668 | -€4,171 | -21.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063 | €2,540 | +€1,476 | +139% |
| Other operating charges | 640/8 | €822 | €995 | +€173 | +21.1% |
| Gross operating margin | 9900 | €22,474 | €29,699 | +€7,224 | +32.1% |
| Operating profit (loss) | 9901 | €20,589 | €26,164 | +€5,575 | +27.1% |
| Financial income | 75/76B | €311 | €1,227 | +€917 | +295% |
| Recurring financial income | 75 | €311 | €1,227 | +€917 | +295% |
| Financial charges | 65/66B | €4,127 | €4,348 | +€221 | +5.4% |
| Recurring financial charges | 65 | €4,127 | €4,348 | +€221 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €16,773 | €23,043 | +€6,271 | +37.4% |
| Income taxes | 67/77 | €5,624 | €7,142 | +€1,519 | +27.0% |
| Profit (loss) for the period | 9904 | €11,149 | €15,901 | +€4,752 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,149 | €15,901 | +€4,752 | +42.6% |
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 20 October 2026 via checked.be.