Learning Together: 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 Together
Largest movements
- Cash +€16,090
up €16,090 (+73.6%), from €21,856 to €37,946
mainly Net result for the year (+€10,121) and Other debts (+€3,094)
- Tangible fixed assets -€1,499
down €1,499 (-21.5%), from €6,962 to €5,463
of which Furniture and vehicles: -€1,337
- Deferred charges and accrued income +€530
up €530 (+14.6%), from €3,640 to €4,170
- Reserves +€10,121
up €10,121 (+74.6%), from €13,573 to €23,694
- Other debts +€3,094
up €3,094 (+288%), from €1,073 to €4,167
- Tax, wage and social debts +€2,123
up €2,123 (+19.8%), from €10,726 to €12,849
- Gross operating margin -€4,864
down €4,864 (-20.2%), from €24,114 to €19,250
- Financial charges -€936
down €936 (-25.5%), from €3,668 to €2,732
of which Financial charges: -€820
- Taxes -€517
down €517 (-10.2%), from €5,052 to €4,536
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 | €32,458 | €47,579 | +€15,121 | +46.6% |
| Fixed assets | 21/28 | €6,962 | €5,463 | -€1,499 | -21.5% |
| Tangible fixed assets | 22/27 | €6,962 | €5,463 | -€1,499 | -21.5% |
| Land and buildings | 22 | €665 | €595 | -€70 | -10.5% |
| Furniture and vehicles | 24 | €5,430 | €4,094 | -€1,337 | -24.6% |
| Other tangible fixed assets | 26 | €867 | €775 | -€92 | -10.6% |
| Current assets | 29/58 | €25,496 | €42,116 | +€16,620 | +65.2% |
| Cash at bank and in hand | 54/58 | €21,856 | €37,946 | +€16,090 | +73.6% |
| Deferred charges and accrued income | 490/1 | €3,640 | €4,170 | +€530 | +14.6% |
| Total equity and liabilities | 10/49 | €32,458 | €47,579 | +€15,121 | +46.6% |
| Equity | 10/15 | €16,573 | €26,694 | +€10,121 | +61.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,573 | €23,694 | +€10,121 | +74.6% |
| Distributable reserves | 133 | €13,573 | €23,694 | +€10,121 | +74.6% |
| Amounts payable | 17/49 | €15,885 | €20,885 | +€5,000 | +31.5% |
| Amounts payable within one year | 42/48 | €15,885 | €20,885 | +€5,000 | +31.5% |
| Trade debts | 44 | €4,086 | €3,869 | -€217 | -5.3% |
| Suppliers | 440/4 | €4,086 | €3,869 | -€217 | -5.3% |
| Taxes, remuneration and social security | 45 | €10,726 | €12,849 | +€2,123 | +19.8% |
| Taxes | 450/3 | €10,726 | €12,849 | +€2,123 | +19.8% |
| Other amounts payable | 47/48 | €1,073 | €4,167 | +€3,094 | +288% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €1,499 | +€71 | +5.0% |
| Other operating charges | 640/8 | €408 | €363 | -€45 | -11.0% |
| Gross operating margin | 9900 | €24,114 | €19,250 | -€4,864 | -20.2% |
| Operating profit (loss) | 9901 | €22,279 | €17,388 | -€4,891 | -22.0% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.3% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.3% |
| Financial charges | 65/66B | €3,668 | €2,732 | -€936 | -25.5% |
| Recurring financial charges | 65 | €3,489 | €2,668 | -€820 | -23.5% |
| Non-recurring financial charges | 66B | €179 | €63 | -€116 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €18,626 | €14,657 | -€3,969 | -21.3% |
| Income taxes | 67/77 | €5,052 | €4,536 | -€517 | -10.2% |
| Profit (loss) for the period | 9904 | €13,573 | €10,121 | -€3,452 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,573 | €10,121 | -€3,452 | -25.4% |
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.