Financial FAQ

Where does the money come from?
As with most international schools around the world, our income is primarily raised through tuition fee income.
 

What are the main revenue drivers?
There are a number of key drivers that we look to maintain each year; the number of students, the number of teachers, the level of tuition fees and the amount of financial aid awarded.
 

Does ISB have shareholders who make a profit on income generated each year?
No. ISB is a 'not for profit' organisation (ASBL) and, as such, never generates a large surplus of income.
 

Is ISB the most expensive international school in Brussels?
There are a number of international schools in the Brussels area and, whilst fees vary, ISB remains competitive. In general, school tuition fees in Belgium are high as schools such as ISB receive no tax breaks or subsidies from the national government.
 

Where does the money go to?
The very large majority of ISB's revenue each year is allocated towards personnel expenses. Belgium is a very expensive country for 'people-driven' organisations.
 

Why do tuition fees rise faster than the cost of living?
Belgium currently imposes an annual 'cost of living' salary increase upon all employers. In addition, like most international schools around the world, ISB teachers receive annual seniority increases. These two incremental costs largely drive the annual tuition fee adjustment decided by the Board of Trustees.