PUPIL BRUSSELS: 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.
PUPIL BRUSSELS
Largest movements
- Cash +€115,325
up €115,325 (+483%), from €23,856 to €139,181
mainly Net result for the year (+€73,340) and Depreciation (+€23,457)
- Tangible fixed assets -€23,457
down €23,457 (-17.3%), from €135,730 to €112,273
- Deferred charges and accrued income -€20,639
no longer reported in 2025 (was €20,639)
- Receivables within one year -€7,164
down €7,164 (-35.5%), from €20,164 to €13,000
- Current investments +€5,000
up €5,000 (+3.3%), from €150,000 to €155,000
- Reserves +€73,340
up €73,340 (+25.2%), from €291,087 to €364,427
of which Distributable reserves: +€73,340
- Trade debts -€7,635
down €7,635 (-70.5%), from €10,828 to €3,193
- Gross operating margin +€47,426
up €47,426 (+53.7%), from €88,265 to €135,691
- Financial income -€25,169
down €25,169 (-85.9%), from €29,300 to €4,131
- Taxes +€18,915
up €18,915 (+93.3%), from €20,274 to €39,189
- Depreciation +€4,920
up €4,920 (+26.5%), from €18,537 to €23,457
- Staff costs +€1,900
new in 2025: €1,900
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 | €350,390 | €419,455 | +€69,065 | +19.7% |
| Fixed assets | 21/28 | €135,730 | €112,273 | -€23,457 | -17.3% |
| Tangible fixed assets | 22/27 | €135,730 | €112,273 | -€23,457 | -17.3% |
| Land and buildings | 22 | €62,749 | €53,328 | -€9,421 | -15.0% |
| Plant, machinery and equipment | 23 | €59,554 | €48,458 | -€11,096 | -18.6% |
| Furniture and vehicles | 24 | €13,427 | €10,488 | -€2,939 | -21.9% |
| Current assets | 29/58 | €214,659 | €307,181 | +€92,522 | +43.1% |
| Amounts receivable within one year | 40/41 | €20,164 | €13,000 | -€7,164 | -35.5% |
| Trade receivables | 40 | €20,164 | €13,000 | -€7,164 | -35.5% |
| Current investments | 50/53 | €150,000 | €155,000 | +€5,000 | +3.3% |
| Cash at bank and in hand | 54/58 | €23,856 | €139,181 | +€115,325 | +483% |
| Deferred charges and accrued income | 490/1 | €20,639 | - | -€20,639 | |
| Total equity and liabilities | 10/49 | €350,390 | €419,455 | +€69,065 | +19.7% |
| Equity | 10/15 | €319,087 | €392,427 | +€73,340 | +23.0% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Contributions outside capital | 11 | €28,000 | €28,000 | = | 0.0% |
| Other | 1109/19 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €291,087 | €364,427 | +€73,340 | +25.2% |
| Non-distributable reserves | 130/1 | €2,800 | €2,800 | = | 0.0% |
| Legal reserve | 130 | €2,800 | €2,800 | = | 0.0% |
| Distributable reserves | 133 | €288,287 | €361,627 | +€73,340 | +25.4% |
| Amounts payable | 17/49 | €31,303 | €27,028 | -€4,275 | -13.7% |
| Amounts payable within one year | 42/48 | €31,303 | €27,028 | -€4,275 | -13.7% |
| Trade debts | 44 | €10,828 | €3,193 | -€7,635 | -70.5% |
| Suppliers | 440/4 | €10,828 | €3,193 | -€7,635 | -70.5% |
| Taxes, remuneration and social security | 45 | €13,252 | €14,194 | +€942 | +7.1% |
| Taxes | 450/3 | €12,632 | €14,194 | +€1,562 | +12.4% |
| Remuneration and social security | 454/9 | €620 | - | -€620 | |
| Other amounts payable | 47/48 | €7,223 | €9,641 | +€2,418 | +33.5% |
| Remuneration, social security and pensions | 62 | - | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,537 | €23,457 | +€4,920 | +26.5% |
| Other operating charges | 640/8 | €1,441 | €1,753 | +€312 | +21.6% |
| Gross operating margin | 9900 | €88,265 | €135,691 | +€47,426 | +53.7% |
| Operating profit (loss) | 9901 | €68,287 | €108,581 | +€40,294 | +59.0% |
| Financial income | 75/76B | €29,300 | €4,131 | -€25,169 | -85.9% |
| Recurring financial income | 75 | €29,300 | €4,131 | -€25,169 | -85.9% |
| Financial charges | 65/66B | €899 | €184 | -€715 | -79.5% |
| Recurring financial charges | 65 | €899 | €184 | -€715 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €96,689 | €112,528 | +€15,840 | +16.4% |
| Income taxes | 67/77 | €20,274 | €39,189 | +€18,915 | +93.3% |
| Profit (loss) for the period | 9904 | €76,415 | €73,340 | -€3,075 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,415 | €73,340 | -€3,075 | -4.0% |
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 13 October 2026 via checked.be.