THE FOCUS ACADEMY: 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.
THE FOCUS ACADEMY
Largest movements
- Receivables within one year +€6,292
up €6,292 (+46.0%), from €13,664 to €19,955
of which Trade receivables: +€5,011
- Deferred charges and accrued income +€2,348
up €2,348 (+436%), from €539 to €2,887
- Cash -€533
down €533 (-34.1%), from €1,560 to €1,027
mainly Contributions, distributions and other (-€45,333) and Other debts (-€19,386)
- Profit (loss) carried forward +€66,476
up €66,476 (+25.2%), from -€263,598 to -€197,121
- Contributions -€44,500
down €44,500 (-18.2%), from €244,500 to €200,000
- Other debts -€19,386
down €19,386 (-95.9%), from €20,219 to €833
- Tax, wage and social debts +€5,773
up €5,773 (+69.7%), from €8,282 to €14,055
- Accrued charges and deferred income -€2,911
down €2,911 (-100%), from €2,911 to €0
- Gross operating margin +€14,484
up €14,484 (+27.9%), from €51,926 to €66,410
- Financial charges -€2,704
down €2,704 (-83.2%), from €3,249 to €545
- Financial income +€2,447
up €2,447 (+27,157%), from €9 to €2,456
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 | €16,012 | €24,120 | +€8,107 | +50.6% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €15,762 | €23,870 | +€8,107 | +51.4% |
| Amounts receivable within one year | 40/41 | €13,664 | €19,955 | +€6,292 | +46.0% |
| Trade receivables | 40 | €13,642 | €18,653 | +€5,011 | +36.7% |
| Other amounts receivable | 41 | €22 | €1,302 | +€1,281 | +5,899% |
| Cash at bank and in hand | 54/58 | €1,560 | €1,027 | -€533 | -34.1% |
| Deferred charges and accrued income | 490/1 | €539 | €2,887 | +€2,348 | +436% |
| Total equity and liabilities | 10/49 | €16,012 | €24,120 | +€8,107 | +50.6% |
| Equity | 10/15 | -€19,098 | €2,879 | +€21,976 | |
| Contributions | 10/11 | €244,500 | €200,000 | -€44,500 | -18.2% |
| Capital | 10 | €244,500 | €200,000 | -€44,500 | -18.2% |
| Issued capital | 100 | €244,500 | €200,000 | -€44,500 | -18.2% |
| Profit (loss) carried forward | 14 | -€263,598 | -€197,121 | +€66,476 | +25.2% |
| Amounts payable | 17/49 | €35,110 | €21,241 | -€13,869 | -39.5% |
| Amounts payable within one year | 42/48 | €32,199 | €21,241 | -€10,957 | -34.0% |
| Financial debts | 43 | €244 | €606 | +€362 | +148% |
| Other loans | 439 | €244 | €606 | +€362 | +148% |
| Trade debts | 44 | €3,453 | €5,747 | +€2,294 | +66.4% |
| Suppliers | 440/4 | €3,453 | €5,747 | +€2,294 | +66.4% |
| Taxes, remuneration and social security | 45 | €8,282 | €14,055 | +€5,773 | +69.7% |
| Taxes | 450/3 | €8,282 | €14,055 | +€5,773 | +69.7% |
| Other amounts payable | 47/48 | €20,219 | €833 | -€19,386 | -95.9% |
| Accrued charges and deferred income | 492/3 | €2,911 | €0 | -€2,911 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €528 | €1,012 | +€484 | +91.7% |
| Gross operating margin | 9900 | €51,926 | €66,410 | +€14,484 | +27.9% |
| Operating profit (loss) | 9901 | €51,398 | €65,399 | +€14,000 | +27.2% |
| Financial income | 75/76B | €9 | €2,456 | +€2,447 | +27,157% |
| Recurring financial income | 75 | €9 | €2,456 | +€2,447 | +27,157% |
| Financial charges | 65/66B | €3,249 | €545 | -€2,704 | -83.2% |
| Recurring financial charges | 65 | €3,249 | €545 | -€2,704 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | €48,159 | €67,309 | +€19,151 | +39.8% |
| Profit (loss) for the period | 9904 | €48,159 | €67,309 | +€19,151 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,159 | €67,309 | +€19,151 | +39.8% |
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 29 October 2026 via checked.be.