TRAINING CENTER: 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.
TRAINING CENTER
Largest movements
- Cash +€177,004
up €177,004 (+467%), from €37,881 to €214,885
mainly Other debts (+€108,557) and Net result for the year (+€49,868)
- Receivables within one year -€36,208
down €36,208 (-4.3%), from €848,769 to €812,561
of which Other amounts receivable: -€36,407
- Other debts +€108,557
new in 2025: €108,557
- Profit (loss) carried forward +€49,868
up €49,868 (+6.7%), from €741,053 to €790,921
- Trade debts -€27,728
down €27,728 (-17.1%), from €162,337 to €134,609
- Taxes +€49,425
up €49,425, from -€30,365 to €19,060
- Gross operating margin -€12,816
down €12,816 (-15.3%), from €83,509 to €70,693
- Write-downs +€10,639
up €10,639, from -€1,880 to €8,759
- Financial charges +€2,126
up €2,126 (+524%), from €406 to €2,532
- Financial income +€1,943
up €1,943 (+9.8%), from €19,915 to €21,858
of which Financial income: +€5,607
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 | €917,400 | €1,048,223 | +€130,823 | +14.3% |
| Fixed assets | 21/28 | €29,978 | €20,015 | -€9,963 | -33.2% |
| Tangible fixed assets | 22/27 | €29,978 | €20,015 | -€9,963 | -33.2% |
| Other tangible fixed assets | 26 | €29,978 | €20,015 | -€9,963 | -33.2% |
| Current assets | 29/58 | €887,422 | €1,028,208 | +€140,786 | +15.9% |
| Amounts receivable within one year | 40/41 | €848,769 | €812,561 | -€36,208 | -4.3% |
| Trade receivables | 40 | €31,863 | €32,062 | +€199 | +0.6% |
| Other amounts receivable | 41 | €816,906 | €780,499 | -€36,407 | -4.5% |
| Cash at bank and in hand | 54/58 | €37,881 | €214,885 | +€177,004 | +467% |
| Deferred charges and accrued income | 490/1 | €772 | €762 | -€10 | -1.3% |
| Total equity and liabilities | 10/49 | €917,400 | €1,048,223 | +€130,823 | +14.3% |
| Equity | 10/15 | €754,693 | €804,561 | +€49,868 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €741,053 | €790,921 | +€49,868 | +6.7% |
| Amounts payable | 17/49 | €162,707 | €243,662 | +€80,955 | +49.8% |
| Amounts payable within one year | 42/48 | €162,337 | €243,167 | +€80,830 | +49.8% |
| Trade debts | 44 | €162,337 | €134,609 | -€27,728 | -17.1% |
| Suppliers | 440/4 | €162,337 | €134,609 | -€27,728 | -17.1% |
| Other amounts payable | 47/48 | - | €108,557 | +€108,557 | |
| Accrued charges and deferred income | 492/3 | €370 | €495 | +€125 | +33.8% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,963 | €9,963 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,880 | €8,759 | +€10,639 | |
| Other operating charges | 640/8 | €1,831 | €2,368 | +€537 | +29.3% |
| Gross operating margin | 9900 | €83,509 | €70,693 | -€12,816 | -15.3% |
| Operating profit (loss) | 9901 | €73,595 | €49,603 | -€23,992 | -32.6% |
| Financial income | 75/76B | €19,915 | €21,858 | +€1,943 | +9.8% |
| Recurring financial income | 75 | €16,251 | €21,858 | +€5,607 | +34.5% |
| Non-recurring financial income | 76B | €3,664 | €0 | -€3,664 | -100% |
| Financial charges | 65/66B | €406 | €2,532 | +€2,126 | +524% |
| Recurring financial charges | 65 | €406 | €2,532 | +€2,126 | +524% |
| Profit (loss) for the period before taxes | 9903 | €93,104 | €68,928 | -€24,176 | -26.0% |
| Income taxes | 67/77 | -€30,365 | €19,060 | +€49,425 | |
| Profit (loss) for the period | 9904 | €123,469 | €49,868 | -€73,601 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,469 | €49,868 | -€73,601 | -59.6% |
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.