Learn2Drive: what changed
What changed
Learn2Drive
NACE 85.599, Other education
filed annual accounts (NBB)
Net result for the year
€15,493
2024 · €50,410-€34,917
Equity
€98,134
2024 · €82,641+€15,493
Cash
€80,261
2024 · €85,202-€4,942
Balance sheet total
€199,773
2024 · €218,242-€18,469
Largest movements
Assets
- Tangible fixed assets -€17,995
down €17,995 (-26.4%), from €68,178 to €50,183
of which Furniture and vehicles: -€14,992
- Cash -€4,942
down €4,942 (-5.8%), from €85,202 to €80,261
mainly Other debts (-€25,764) and Debts after one year (-€13,564)
- Deferred charges and accrued income +€4,386
up €4,386 (+206%), from €2,128 to €6,514
Equity and liabilities
- Other debts -€25,764
down €25,764 (-100%), from €25,764 to €0
- Profit (loss) carried forward +€15,493
up €15,493 (+24.2%), from €63,941 to €79,434
- Debts after one year -€13,564
down €13,564 (-43.5%), from €31,209 to €17,646
- Trade debts +€9,750
up €9,750 (+82.2%), from €11,860 to €21,610
- Current portion of long-term debt -€6,267
down €6,267 (-31.6%), from €19,831 to €13,564
Income statement
- Gross operating margin -€45,927
down €45,927 (-23.5%), from €195,045 to €149,118
- Taxes -€8,426
down €8,426 (-67.2%), from €12,531 to €4,105
- Staff costs +€6,175
up €6,175 (+6.1%), from €101,067 to €107,242
- Depreciation -€5,051
down €5,051 (-20.6%), from €24,538 to €19,487
- Financial income +€2,008
up €2,008 (+1,499%), from €134 to €2,142
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.
Result 2024
€50,410
Gross operating margin
-€45,927
Staff costs
-€6,175
Depreciation
+€5,051
Other operating charges
+€502
Financial income
+€2,008
Financial charges
+€1,197
Taxes
+€8,426
Result 2025
€15,493
raises the resultlowers the result
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.
From operations
+€16,445
Investment
-€1,492
Financing
-€19,895
Cash 2024
€85,202
From operations (derived)
+€16,445
Net result for the year
+€15,493
Depreciation
+€19,487
Receivables after one year
+€1,000
Receivables within one year
-€1,083
Deferred charges and accrued income
-€4,386
Trade debts
+€9,750
Tax, wage and social debts
+€1,948
Other debts
-€25,764
Investment (derived)
-€1,492
Investment in fixed assets (net)
-€1,492
Financing
-€19,895
Debts after one year
-€13,564
Current portion of long-term debt
-€6,267
Short-term financial debts
-€64
Cash 2025
€80,261
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,242 | €199,773 | -€18,469 | -8.5% |
| Fixed assets | 21/28 | €71,807 | €53,812 | -€17,995 | -25.1% |
| Tangible fixed assets | 22/27 | €68,178 | €50,183 | -€17,995 | -26.4% |
| Land and buildings | 22 | €6,549 | €5,892 | -€657 | -10.0% |
| Plant, machinery and equipment | 23 | €4,920 | €3,408 | -€1,512 | -30.7% |
| Furniture and vehicles | 24 | €52,247 | €37,255 | -€14,992 | -28.7% |
| Other tangible fixed assets | 26 | €4,462 | €3,628 | -€834 | -18.7% |
| Financial fixed assets | 28 | €3,629 | €3,629 | = | 0.0% |
| Current assets | 29/58 | €146,435 | €145,961 | -€473 | -0.3% |
| Amounts receivable after more than one year | 29 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts receivable | 291 | €1,000 | €0 | -€1,000 | -100% |
| Amounts receivable within one year | 40/41 | €58,104 | €59,187 | +€1,083 | +1.9% |
| Trade receivables | 40 | €35,044 | €37,276 | +€2,232 | +6.4% |
| Other amounts receivable | 41 | €23,060 | €21,911 | -€1,149 | -5.0% |
| Cash at bank and in hand | 54/58 | €85,202 | €80,261 | -€4,942 | -5.8% |
| Deferred charges and accrued income | 490/1 | €2,128 | €6,514 | +€4,386 | +206% |
| Total equity and liabilities | 10/49 | €218,242 | €199,773 | -€18,469 | -8.5% |
| Equity | 10/15 | €82,641 | €98,134 | +€15,493 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,941 | €79,434 | +€15,493 | +24.2% |
| Amounts payable | 17/49 | €135,601 | €101,639 | -€33,962 | -25.0% |
| Amounts payable after more than one year | 17 | €31,209 | €17,646 | -€13,564 | -43.5% |
| Financial debts | 170/4 | €31,209 | €17,646 | -€13,564 | -43.5% |
| Amounts payable within one year | 42/48 | €104,392 | €83,993 | -€20,398 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €19,831 | €13,564 | -€6,267 | -31.6% |
| Financial debts | 43 | €408 | €344 | -€64 | -15.7% |
| Credit institutions | 430/8 | €408 | €344 | -€64 | -15.7% |
| Trade debts | 44 | €11,860 | €21,610 | +€9,750 | +82.2% |
| Suppliers | 440/4 | €11,860 | €21,610 | +€9,750 | +82.2% |
| Taxes, remuneration and social security | 45 | €46,528 | €48,476 | +€1,948 | +4.2% |
| Taxes | 450/3 | €28,051 | €24,217 | -€3,834 | -13.7% |
| Remuneration and social security | 454/9 | €18,476 | €24,258 | +€5,782 | +31.3% |
| Other amounts payable | 47/48 | €25,764 | €0 | -€25,764 | -100% |
| Non-recurring operating income | 76A | - | €5,579 | +€5,579 | |
| Remuneration, social security and pensions | 62 | €101,067 | €107,242 | +€6,175 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,538 | €19,487 | -€5,051 | -20.6% |
| Other operating charges | 640/8 | €2,260 | €1,758 | -€502 | -22.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €195,045 | €149,118 | -€45,927 | -23.5% |
| Operating profit (loss) | 9901 | €67,179 | €20,631 | -€46,548 | -69.3% |
| Financial income | 75/76B | €134 | €2,142 | +€2,008 | +1,499% |
| Recurring financial income | 75 | €134 | €2,142 | +€2,008 | +1,499% |
| Financial charges | 65/66B | €4,372 | €3,175 | -€1,197 | -27.4% |
| Recurring financial charges | 65 | €4,372 | €3,175 | -€1,197 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €62,941 | €19,598 | -€43,343 | -68.9% |
| Income taxes | 67/77 | €12,531 | €4,105 | -€8,426 | -67.2% |
| Profit (loss) for the period | 9904 | €50,410 | €15,493 | -€34,917 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,410 | €15,493 | -€34,917 | -69.3% |
Next steps
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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 8 November 2026 via checked.be.