WASHINGTON SCHOOL: what changed
Two fiscal 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.
WASHINGTON SCHOOL
Largest movements
- Receivables within one year +€5,238
up €5,238 (+93.7%), from €5,589 to €10,827
of which Other amounts receivable: +€6,565
- Cash +€1,911
up €1,911 (+13.4%), from €14,208 to €16,119
mainly Net result for the year (+€5,964) and Tax, wage and social debts (+€2,086)
- Tangible fixed assets -€1,184
down €1,184 (-28.8%), from €4,110 to €2,926
of which Furniture and vehicles: -€637
- Deferred charges and accrued income +€760
up €760 (+149.0%), from €510 to €1,270
- Reserves +€5,964
up €5,964 (+144.9%), from €4,115 to €10,079
of which Distributable reserves: +€5,964
- Tax, wage and social debts +€2,086
up €2,086 (+151.1%), from €1,381 to €3,467
- Trade debts -€1,325
down €1,325 (-72.7%), from €1,823 to €498
- Financial income -€2,066
down €2,066 (-96.2%), from €2,148 to €82
- Gross operating margin -€1,218
down €1,218 (-9.9%), from €12,316 to €11,098
- Financial charges +€768
up €768 (+192.8%), from €398 to €1,166
- Taxes +€467
up €467 (+31.9%), from €1,462 to €1,929
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,911 | €32,636 | +€6,725 | +26.0% |
| Fixed assets | 21/28 | €5,604 | €4,420 | -€1,184 | -21.1% |
| Tangible fixed assets | 22/27 | €4,110 | €2,926 | -€1,184 | -28.8% |
| Furniture and vehicles | 24 | €1,541 | €904 | -€637 | -41.3% |
| Other tangible fixed assets | 26 | €2,569 | €2,022 | -€547 | -21.3% |
| Financial fixed assets | 28 | €1,494 | €1,494 | = | 0.0% |
| Current assets | 29/58 | €20,307 | €28,216 | +€7,909 | +38.9% |
| Amounts receivable within one year | 40/41 | €5,589 | €10,827 | +€5,238 | +93.7% |
| Trade receivables | 40 | €5,164 | €3,838 | -€1,326 | -25.7% |
| Other amounts receivable | 41 | €424 | €6,989 | +€6,565 | +1547.4% |
| Cash at bank and in hand | 54/58 | €14,208 | €16,119 | +€1,911 | +13.4% |
| Deferred charges and accrued income | 490/1 | €510 | €1,270 | +€760 | +149.0% |
| Total equity and liabilities | 10/49 | €25,911 | €32,636 | +€6,725 | +26.0% |
| Equity | 10/15 | €22,707 | €28,671 | +€5,964 | +26.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,115 | €10,079 | +€5,964 | +144.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,256 | €8,220 | +€5,964 | +264.4% |
| Amounts payable | 17/49 | €3,204 | €3,965 | +€761 | +23.8% |
| Amounts payable within one year | 42/48 | €3,204 | €3,965 | +€761 | +23.8% |
| Trade debts | 44 | €1,823 | €498 | -€1,325 | -72.7% |
| Suppliers | 440/4 | €1,823 | €498 | -€1,325 | -72.7% |
| Taxes, remuneration and social security | 45 | €1,381 | €3,467 | +€2,086 | +151.1% |
| Taxes | 450/3 | €1,381 | €3,467 | +€2,086 | +151.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,181 | €1,184 | +€3 | +0.2% |
| Other operating charges | 640/8 | €864 | €937 | +€73 | +8.4% |
| Gross operating margin | 9900 | €12,316 | €11,098 | -€1,218 | -9.9% |
| Operating profit (loss) | 9901 | €10,270 | €8,977 | -€1,293 | -12.6% |
| Financial income | 75/76B | €2,148 | €82 | -€2,066 | -96.2% |
| Recurring financial income | 75 | €2,148 | €82 | -€2,066 | -96.2% |
| Financial charges | 65/66B | €398 | €1,166 | +€768 | +192.8% |
| Recurring financial charges | 65 | €398 | €1,166 | +€768 | +192.8% |
| Profit (loss) for the period before taxes | 9903 | €12,020 | €7,893 | -€4,127 | -34.3% |
| Income taxes | 67/77 | €1,462 | €1,929 | +€467 | +31.9% |
| Profit (loss) for the period | 9904 | €10,558 | €5,964 | -€4,594 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,558 | €5,964 | -€4,594 | -43.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.