RIJSCHOOL ELA: 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.
RIJSCHOOL ELA
Largest movements
- Receivables within one year +€44,619
up €44,619 (+195%), from €22,853 to €67,472
of which Trade receivables: +€50,410
- Cash +€9,892
up €9,892 (+122%), from €8,140 to €18,033
mainly Debts after one year (+€46,812) and Current portion of long-term debt (+€15,662)
- Deferred charges and accrued income -€4,330
down €4,330 (-8.5%), from €50,734 to €46,405
- Tangible fixed assets +€2,155
up €2,155 (+10.6%), from €20,261 to €22,417
of which Furniture and vehicles: +€2,205
- Debts after one year +€46,812
up €46,812 (+122%), from €38,364 to €85,176
- Current portion of long-term debt +€15,662
up €15,662 (+93.9%), from €16,671 to €32,333
- Trade debts -€9,144
no longer reported in 2025 (was €9,144)
- Tax, wage and social debts -€3,617
down €3,617 (-9.4%), from €38,361 to €34,744
of which Taxes: -€5,089
- Gross operating margin +€32,320
up €32,320 (+29.8%), from €108,597 to €140,917
- Financial charges +€10,592
up €10,592 (+148%), from €7,146 to €17,738
- Staff costs +€5,917
up €5,917 (+6.6%), from €89,981 to €95,898
- Depreciation -€3,806
down €3,806 (-40.9%), from €9,302 to €5,496
- Financial income -€2,600
down €2,600 (-64.1%), from €4,057 to €1,457
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 | €107,864 | €159,460 | +€51,596 | +47.8% |
| Fixed assets | 21/28 | €26,136 | €27,542 | +€1,405 | +5.4% |
| Intangible fixed assets | 21 | €3,375 | €2,625 | -€750 | -22.2% |
| Tangible fixed assets | 22/27 | €20,261 | €22,417 | +€2,155 | +10.6% |
| Plant, machinery and equipment | 23 | €349 | €299 | -€50 | -14.3% |
| Furniture and vehicles | 24 | €19,912 | €22,117 | +€2,205 | +11.1% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €81,728 | €131,918 | +€50,191 | +61.4% |
| Amounts receivable within one year | 40/41 | €22,853 | €67,472 | +€44,619 | +195% |
| Trade receivables | 40 | €350 | €50,760 | +€50,410 | +14,403% |
| Other amounts receivable | 41 | €22,503 | €16,712 | -€5,791 | -25.7% |
| Current investments | 50/53 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €8,140 | €18,033 | +€9,892 | +122% |
| Deferred charges and accrued income | 490/1 | €50,734 | €46,405 | -€4,330 | -8.5% |
| Total equity and liabilities | 10/49 | €107,864 | €159,460 | +€51,596 | +47.8% |
| Equity | 10/15 | €5,323 | €5,837 | +€514 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,498 | €3,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,638 | €1,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,775 | -€16,261 | +€514 | +3.1% |
| Amounts payable | 17/49 | €102,541 | €153,623 | +€51,082 | +49.8% |
| Amounts payable after more than one year | 17 | €38,364 | €85,176 | +€46,812 | +122% |
| Financial debts | 170/4 | €38,364 | €85,176 | +€46,812 | +122% |
| Amounts payable within one year | 42/48 | €64,176 | €68,447 | +€4,271 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €16,671 | €32,333 | +€15,662 | +93.9% |
| Trade debts | 44 | €9,144 | - | -€9,144 | |
| Suppliers | 440/4 | €9,144 | - | -€9,144 | |
| Advances received on contracts in progress | 46 | - | €1,370 | +€1,370 | |
| Taxes, remuneration and social security | 45 | €38,361 | €34,744 | -€3,617 | -9.4% |
| Taxes | 450/3 | €33,596 | €28,507 | -€5,089 | -15.1% |
| Remuneration and social security | 454/9 | €4,765 | €6,237 | +€1,472 | +30.9% |
| Remuneration, social security and pensions | 62 | €89,981 | €95,898 | +€5,917 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,302 | €5,496 | -€3,806 | -40.9% |
| Other operating charges | 640/8 | €2,988 | €1,347 | -€1,640 | -54.9% |
| Non-recurring operating charges | 66A | €15,956 | €17,773 | +€1,817 | +11.4% |
| Gross operating margin | 9900 | €108,597 | €140,917 | +€32,320 | +29.8% |
| Operating profit (loss) | 9901 | -€9,629 | €20,404 | +€30,033 | |
| Financial income | 75/76B | €4,057 | €1,457 | -€2,600 | -64.1% |
| Recurring financial income | 75 | €4,057 | €1,457 | -€2,600 | -64.1% |
| Financial charges | 65/66B | €7,146 | €17,738 | +€10,592 | +148% |
| Recurring financial charges | 65 | €7,146 | €17,738 | +€10,592 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€12,719 | €4,123 | +€16,841 | |
| Income taxes | 67/77 | €4,056 | €3,609 | -€447 | -11.0% |
| Profit (loss) for the period | 9904 | -€16,775 | €514 | +€17,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,775 | €514 | +€17,289 |
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 22 October 2026 via checked.be.