Learning Man: 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.
Learning Man
Largest movements
- Receivables within one year +€49,142
up €49,142 (+132%), from €37,341 to €86,483
of which Trade receivables: +€29,059
- Cash +€6,855
up €6,855 (+84.9%), from €8,070 to €14,925
mainly Net result for the year (+€36,519) and Tax, wage and social debts (+€18,435)
- Reserves +€36,519
up €36,519 (+132%), from €27,763 to €64,282
- Tax, wage and social debts +€18,435
up €18,435 (+329%), from €5,611 to €24,045
- Gross operating margin +€60,052
up €60,052 (+14,033%), from €428 to €60,480
- Taxes +€21,378
up €21,378 (+4,708%), from €454 to €21,832
- Depreciation -€5,747
down €5,747 (-84.9%), from €6,769 to €1,022
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 | €47,283 | €102,854 | +€55,571 | +118% |
| Fixed assets | 21/28 | €1,871 | €1,445 | -€425 | -22.7% |
| Tangible fixed assets | 22/27 | €1,871 | €849 | -€1,022 | -54.6% |
| Plant, machinery and equipment | 23 | €85 | - | -€85 | |
| Furniture and vehicles | 24 | €1,786 | €849 | -€938 | -52.5% |
| Financial fixed assets | 28 | - | €597 | +€597 | |
| Current assets | 29/58 | €45,412 | €101,409 | +€55,997 | +123% |
| Amounts receivable within one year | 40/41 | €37,341 | €86,483 | +€49,142 | +132% |
| Trade receivables | 40 | €5,003 | €34,062 | +€29,059 | +581% |
| Other amounts receivable | 41 | €32,338 | €52,421 | +€20,083 | +62.1% |
| Cash at bank and in hand | 54/58 | €8,070 | €14,925 | +€6,855 | +84.9% |
| Total equity and liabilities | 10/49 | €47,283 | €102,854 | +€55,571 | +118% |
| Equity | 10/15 | €32,069 | €68,588 | +€36,519 | +114% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €27,763 | €64,282 | +€36,519 | +132% |
| Distributable reserves | 133 | €27,763 | €64,282 | +€36,519 | +132% |
| Profit (loss) carried forward | 14 | -€2,294 | -€2,294 | = | 0.0% |
| Amounts payable | 17/49 | €15,213 | €34,266 | +€19,053 | +125% |
| Amounts payable within one year | 42/48 | €15,213 | €34,266 | +€19,053 | +125% |
| Trade debts | 44 | €2,603 | €3,221 | +€618 | +23.7% |
| Suppliers | 440/4 | €2,603 | €3,221 | +€618 | +23.7% |
| Taxes, remuneration and social security | 45 | €5,611 | €24,045 | +€18,435 | +329% |
| Taxes | 450/3 | €5,611 | €24,045 | +€18,435 | +329% |
| Other amounts payable | 47/48 | €7,000 | €7,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €425 | €800 | +€375 | +88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,769 | €1,022 | -€5,747 | -84.9% |
| Other operating charges | 640/8 | €1,286 | €1,649 | +€362 | +28.1% |
| Gross operating margin | 9900 | €428 | €60,480 | +€60,052 | +14,033% |
| Operating profit (loss) | 9901 | -€8,052 | €57,009 | +€65,061 | |
| Financial income | 75/76B | €2,067 | €2,277 | +€211 | +10.2% |
| Recurring financial income | 75 | €2,067 | €2,277 | +€211 | +10.2% |
| Financial charges | 65/66B | €887 | €935 | +€49 | +5.5% |
| Recurring financial charges | 65 | €887 | €935 | +€49 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,872 | €58,351 | +€65,223 | |
| Income taxes | 67/77 | €454 | €21,832 | +€21,378 | +4,708% |
| Profit (loss) for the period | 9904 | -€7,326 | €36,519 | +€43,845 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,326 | €36,519 | +€43,845 |
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 25 October 2026 via checked.be.