EDU: 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.
EDU
Largest movements
- Financial fixed assets -€3.7m
no longer reported in 2025 (was €3.7m)
- Current investments -€623,866
no longer reported in 2025 (was €623,866)
- Receivables after one year -€579,355
no longer reported in 2025 (was €579,355)
- Deferred charges and accrued income -€221,270
no longer reported in 2025 (was €221,270)
- Profit (loss) carried forward -€5.2m
down €5.2m (-310%), from -€1.7m to -€6.9m
- Current portion of long-term debt +€4.2m
new in 2025: €4.2m
- Debts after one year -€4.2m
no longer reported in 2025 (was €4.2m)
of which Other amounts payable: -€2.7m
- Financial charges +€5.2m
up €5.2m (+12,295%), from €42,397 to €5.3m
of which Non-recurring financial charges: +€3.7m
- Gross operating margin -€8,882
new in 2025: -€8,882
- Services and other goods -€7,913
no longer reported in 2025 (was €7,913)
- Other operating charges -€1,155
down €1,155 (-50.8%), from €2,273 to €1,118
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 | €5,164,449 | €5,915 | -€5.2m | -99.9% |
| Fixed assets | 21/28 | €3,736,638 | - | -€3.7m | |
| Financial fixed assets | 28 | €3,736,638 | - | -€3.7m | |
| Affiliated companies | 280/1 | €3,736,638 | - | -€3.7m | |
| Participating interests | 280 | €300,000 | - | -€300,000 | |
| Amounts receivable | 281 | €3,436,638 | - | -€3.4m | |
| Current assets | 29/58 | €1,427,811 | €5,915 | -€1.4m | -99.6% |
| Amounts receivable after more than one year | 29 | €579,355 | - | -€579,355 | |
| Other amounts receivable | 291 | €579,355 | - | -€579,355 | |
| Amounts receivable within one year | 40/41 | €1,887 | €2,391 | +€504 | +26.7% |
| Other amounts receivable | 41 | €1,887 | €2,391 | +€504 | +26.7% |
| Current investments | 50/53 | €623,866 | - | -€623,866 | |
| Own shares | 50 | €623,866 | - | -€623,866 | |
| Cash at bank and in hand | 54/58 | €1,433 | €3,524 | +€2,092 | +146% |
| Deferred charges and accrued income | 490/1 | €221,270 | - | -€221,270 | |
| Total equity and liabilities | 10/49 | €5,164,449 | €5,915 | -€5.2m | -99.9% |
| Equity | 10/15 | €641,089 | -€4,572,478 | -€5.2m | |
| Contributions | 10/11 | €1,574,879 | €1,574,879 | = | 0.0% |
| Capital | 10 | €1,574,879 | €1,574,879 | = | 0.0% |
| Issued capital | 100 | €1,574,879 | €1,574,879 | = | 0.0% |
| Reserves | 13 | €749,575 | €749,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €749,575 | €125,709 | -€623,866 | -83.2% |
| Legal reserve | 130 | €125,709 | €125,709 | = | 0.0% |
| Own shares acquired | 1312 | €623,866 | - | -€623,866 | |
| Distributable reserves | 133 | - | €623,866 | +€623,866 | |
| Profit (loss) carried forward | 14 | -€1,683,364 | -€6,896,931 | -€5.2m | -310% |
| Amounts payable | 17/49 | €4,523,360 | €4,578,393 | +€55,034 | +1.2% |
| Amounts payable after more than one year | 17 | €4,185,315 | - | -€4.2m | |
| Financial debts | 170/4 | €1,533,694 | - | -€1.5m | |
| Subordinated loans | 170 | €1,533,694 | - | -€1.5m | |
| Other amounts payable | 178/9 | €2,651,622 | - | -€2.7m | |
| Amounts payable within one year | 42/48 | €159,071 | €4,357,225 | +€4.2m | +2,639% |
| Current portion of amounts payable after more than one year | 42 | - | €4,188,315 | +€4.2m | |
| Trade debts | 44 | €17 | €6,856 | +€6,839 | +40,088% |
| Suppliers | 440/4 | €17 | €6,856 | +€6,839 | +40,088% |
| Other amounts payable | 47/48 | €159,054 | €162,054 | +€3,000 | +1.9% |
| Accrued charges and deferred income | 492/3 | €178,974 | €221,168 | +€42,195 | +23.6% |
| Operating charges | 60/66A | €10,186 | - | -€10,186 | |
| Services and other goods | 61 | €7,913 | - | -€7,913 | |
| Other operating charges | 640/8 | €2,273 | €1,118 | -€1,155 | -50.8% |
| Gross operating margin | 9900 | - | -€8,882 | -€8,882 | |
| Operating profit (loss) | 9901 | -€10,186 | -€10,001 | +€185 | +1.8% |
| Financial income | 75/76B | €51,550 | €51,550 | = | 0.0% |
| Recurring financial income | 75 | €51,550 | €51,550 | = | 0.0% |
| Income from financial fixed assets | 750 | €51,550 | - | -€51,550 | |
| Financial charges | 65/66B | €42,397 | €5,255,116 | +€5.2m | +12,295% |
| Recurring financial charges | 65 | €42,397 | €1,518,478 | +€1.5m | +3,482% |
| Debt charges | 650 | €41,994 | - | -€41,994 | |
| Other financial charges | 652/9 | €403 | - | -€403 | |
| Non-recurring financial charges | 66B | - | €3,736,638 | +€3.7m | |
| Profit (loss) for the period before taxes | 9903 | -€1,034 | -€5,213,567 | -€5.2m | -504,157% |
| Profit (loss) for the period | 9904 | -€1,034 | -€5,213,567 | -€5.2m | -504,157% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,034 | -€5,213,567 | -€5.2m | -504,157% |
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 26 October 2026 via checked.be.