SAINT - QUIRIN: what changed
What changed
SAINT - QUIRIN
NACE 85.314, Education
filed annual accounts (NBB)
Net result for the year
€50,132
2024 · €204,591-€154,459
Equity
€2.9m
2024 · €2.7m+€275,019
Cash
€302,460
2024 · €533,554-€231,094
Balance sheet total
€5.4m
2024 · €3.1m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€2.3m
up €2.3m (+142%), from €1.7m to €4.0m
of which Assets under construction and advance payments: +€2.5m
- Receivables within one year +€565,344
up €565,344 (+145%), from €390,429 to €955,773
of which Other amounts receivable: +€512,925
- Receivables after one year -€491,896
down €491,896 (-100%), from €491,896 to €0
- Cash -€231,094
down €231,094 (-43.3%), from €533,554 to €302,460
mainly Investment in fixed assets (net) (-€2.5m) and Receivables within one year (-€565,344)
- Deferred charges and accrued income +€58,039
up €58,039 (+77.4%), from €74,962 to €133,001
Equity and liabilities
- Debts within one year +€1.9m
up €1.9m (+559%), from €331,982 to €2.2m
of which Short-term financial debts: +€1.4m
- Investment grants +€224,887
up €224,887 (+20.5%), from €1.1m to €1.3m
- Accrued charges and deferred income +€136,721
up €136,721 (+32,054%), from €427 to €137,147
Income statement
- Staff costs +€316,838
up €316,838 (+4.5%), from €7.0m to €7.3m
- Gross operating margin +€304,954
up €304,954 (+4.2%), from €7.2m to €7.5m
- Financial income -€192,015
down €192,015 (-99.1%), from €193,855 to €1,840
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
€204,591
Gross operating margin
+€304,954
Staff costs
-€316,838
Depreciation
+€33,503
Write-downs
+€7,405
Other operating charges
-€2,098
Other operating items
+€32,182
Financial income
-€192,015
Financial charges
-€21,552
Result 2025
€50,132
raises the resultlowers the resultnot broken down further in the accounts
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
+€2.0m
Investment
-€2.5m
Financing
+€204,376
Cash 2024
€533,554
From operations (derived)
+€2.0m
Net result for the year
+€50,132
Depreciation
+€112,140
Receivables after one year
+€491,896
Receivables within one year
-€565,344
Deferred charges and accrued income
-€58,039
Debts within one year
+€1.9m
Accrued charges and deferred income
+€136,721
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€204,376
Debts after one year
-€20,511
Contributions, distributions and other
+€224,887
Cash 2025
€302,460
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,144,745 | €5,390,523 | +€2.2m | +71.4% |
| Fixed assets | 21/28 | €1,653,903 | €3,999,288 | +€2.3m | +142% |
| Tangible fixed assets | 22/27 | €1,653,903 | €3,999,288 | +€2.3m | +142% |
| Land and buildings | 22 | €285,564 | €240,049 | -€45,515 | -15.9% |
| Plant, machinery and equipment | 23 | €798 | €168 | -€630 | -78.9% |
| Furniture and vehicles | 24 | €100,194 | €64,472 | -€35,722 | -35.7% |
| Leasing and similar rights | 25 | €1 | €1 | = | 0.0% |
| Other tangible fixed assets | 26 | €85,271 | €62,285 | -€22,987 | -27.0% |
| Assets under construction and advance payments | 27 | €1,182,075 | €3,632,313 | +€2.5m | +207% |
| Current assets | 29/58 | €1,490,841 | €1,391,235 | -€99,607 | -6.7% |
| Amounts receivable after more than one year | 29 | €491,896 | €0 | -€491,896 | -100% |
| Other amounts receivable | 291 | €491,896 | €0 | -€491,896 | -100% |
| Amounts receivable within one year | 40/41 | €390,429 | €955,773 | +€565,344 | +145% |
| Trade receivables | 40 | €45,619 | €98,038 | +€52,419 | +115% |
| Other amounts receivable | 41 | €344,810 | €857,735 | +€512,925 | +149% |
| Cash at bank and in hand | 54/58 | €533,554 | €302,460 | -€231,094 | -43.3% |
| Deferred charges and accrued income | 490/1 | €74,962 | €133,001 | +€58,039 | +77.4% |
| Total equity and liabilities | 10/49 | €3,144,745 | €5,390,523 | +€2.2m | +71.4% |
| Equity | 10/15 | €2,655,366 | €2,930,384 | +€275,019 | +10.4% |
| Reserves | 13 | €220,370 | €220,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,340,517 | €1,390,649 | +€50,132 | +3.7% |
| Investment grants | 15 | €1,094,479 | €1,319,366 | +€224,887 | +20.5% |
| Amounts payable | 17/49 | €489,379 | €2,460,138 | +€2.0m | +403% |
| Amounts payable after more than one year | 17 | €156,971 | €136,460 | -€20,511 | -13.1% |
| Financial debts | 170/4 | €156,971 | €136,460 | -€20,511 | -13.1% |
| Amounts payable within one year | 42/48 | €331,982 | €2,186,531 | +€1.9m | +559% |
| Current portion of amounts payable after more than one year | 42 | €26,967 | €25,887 | -€1,080 | -4.0% |
| Financial debts | 43 | €71,439 | €1,482,152 | +€1.4m | +1,975% |
| Credit institutions | 430/8 | €71,439 | €1,482,152 | +€1.4m | +1,975% |
| Trade debts | 44 | €92,239 | €546,996 | +€454,757 | +493% |
| Suppliers | 440/4 | €92,239 | €546,996 | +€454,757 | +493% |
| Advances received on contracts in progress | 46 | €39,051 | €32,663 | -€6,388 | -16.4% |
| Taxes, remuneration and social security | 45 | €24,339 | €22,814 | -€1,525 | -6.3% |
| Taxes | 450/3 | €569 | €2,544 | +€1,975 | +347% |
| Remuneration and social security | 454/9 | €23,770 | €20,270 | -€3,499 | -14.7% |
| Accrued charges and deferred income | 492/3 | €427 | €137,147 | +€136,721 | +32,054% |
| Turnover | 70 | €415,413 | €382,354 | -€33,059 | -8.0% |
| Membership fees, donations, legacies and grants | 73 | €7,674,038 | €8,009,852 | +€335,813 | +4.4% |
| Non-recurring operating income | 76A | €1,377 | €0 | -€1,377 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €915,570 | €893,483 | -€22,087 | -2.4% |
| Remuneration, social security and pensions | 62 | €7,004,064 | €7,320,902 | +€316,838 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,642 | €112,140 | -€33,503 | -23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,606 | -€4,798 | -€7,405 | |
| Other operating charges | 640/8 | €12,174 | €14,272 | +€2,098 | +17.2% |
| Non-recurring operating charges | 66A | €32,182 | €0 | -€32,182 | -100% |
| Gross operating margin | 9900 | €7,215,886 | €7,520,840 | +€304,954 | +4.2% |
| Operating profit (loss) | 9901 | €19,217 | €78,325 | +€59,108 | +308% |
| Financial income | 75/76B | €193,855 | €1,840 | -€192,015 | -99.1% |
| Recurring financial income | 75 | €193,855 | €1,840 | -€192,015 | -99.1% |
| Financial charges | 65/66B | €8,482 | €30,034 | +€21,552 | +254% |
| Recurring financial charges | 65 | €8,482 | €30,034 | +€21,552 | +254% |
| Profit (loss) for the period before taxes | 9903 | €204,591 | €50,132 | -€154,459 | -75.5% |
| Profit (loss) for the period | 9904 | €204,591 | €50,132 | -€154,459 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €204,591 | €50,132 | -€154,459 | -75.5% |
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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 3 November 2026 via checked.be.