Learning Management Resources: 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.
Learning Management Resources
Largest movements
- Cash +€83,868
up €83,868 (+54.6%), from €153,516 to €237,384
mainly Net result for the year (+€58,068) and Other debts (+€16,803)
- Receivables within one year -€14,853
down €14,853 (-45.3%), from €32,755 to €17,902
of which Trade receivables: -€13,603
- Tangible fixed assets -€8,380
down €8,380 (-56.2%), from €14,903 to €6,523
of which Furniture and vehicles: -€7,639
- Reserves +€35,000
up €35,000 (+15.6%), from €223,860 to €258,860
- Other debts +€16,803
new in 2025: €16,803
- Profit (loss) carried forward +€8,068
up €8,068 (+18.7%), from €43,172 to €51,240
- Gross operating margin +€14,017
up €14,017 (+19.9%), from €70,456 to €84,473
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 | €303,154 | €362,518 | +€59,364 | +19.6% |
| Fixed assets | 21/28 | €14,903 | €6,523 | -€8,380 | -56.2% |
| Tangible fixed assets | 22/27 | €14,903 | €6,523 | -€8,380 | -56.2% |
| Plant, machinery and equipment | 23 | €2,493 | €1,752 | -€741 | -29.7% |
| Furniture and vehicles | 24 | €12,410 | €4,772 | -€7,639 | -61.6% |
| Current assets | 29/58 | €288,251 | €355,995 | +€67,744 | +23.5% |
| Amounts receivable within one year | 40/41 | €32,755 | €17,902 | -€14,853 | -45.3% |
| Trade receivables | 40 | €31,201 | €17,598 | -€13,603 | -43.6% |
| Other amounts receivable | 41 | €1,554 | €304 | -€1,250 | -80.4% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,516 | €237,384 | +€83,868 | +54.6% |
| Deferred charges and accrued income | 490/1 | €1,980 | €709 | -€1,271 | -64.2% |
| Total equity and liabilities | 10/49 | €303,154 | €362,518 | +€59,364 | +19.6% |
| Equity | 10/15 | €273,232 | €316,300 | +€43,068 | +15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €223,860 | €258,860 | +€35,000 | +15.6% |
| Distributable reserves | 133 | €223,860 | €258,860 | +€35,000 | +15.6% |
| Profit (loss) carried forward | 14 | €43,172 | €51,240 | +€8,068 | +18.7% |
| Amounts payable | 17/49 | €29,922 | €46,218 | +€16,296 | +54.5% |
| Amounts payable within one year | 42/48 | €29,922 | €46,218 | +€16,296 | +54.5% |
| Trade debts | 44 | €2,698 | €927 | -€1,771 | -65.7% |
| Suppliers | 440/4 | €2,698 | €927 | -€1,771 | -65.7% |
| Taxes, remuneration and social security | 45 | €27,224 | €28,488 | +€1,264 | +4.6% |
| Taxes | 450/3 | €27,224 | €28,488 | +€1,264 | +4.6% |
| Other amounts payable | 47/48 | - | €16,803 | +€16,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,380 | €8,380 | -€0 | 0.0% |
| Other operating charges | 640/8 | €682 | €701 | +€19 | +2.7% |
| Gross operating margin | 9900 | €70,456 | €84,473 | +€14,017 | +19.9% |
| Operating profit (loss) | 9901 | €61,394 | €75,392 | +€13,998 | +22.8% |
| Financial income | 75/76B | €4,133 | €4,091 | -€42 | -1.0% |
| Recurring financial income | 75 | €4,133 | €4,091 | -€42 | -1.0% |
| Financial charges | 65/66B | €169 | €319 | +€150 | +88.5% |
| Recurring financial charges | 65 | €169 | €319 | +€150 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | €65,358 | €79,165 | +€13,807 | +21.1% |
| Income taxes | 67/77 | €20,440 | €21,096 | +€656 | +3.2% |
| Profit (loss) for the period | 9904 | €44,918 | €58,068 | +€13,150 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,918 | €58,068 | +€13,150 | +29.3% |
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 14 October 2026 via checked.be.