Antwerp Studimo: 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.
Antwerp Studimo
Largest movements
- Cash -€28,567
down €28,567 (-71.9%), from €39,733 to €11,166
mainly Tax, wage and social debts (-€46,330) and Current investments (-€6,146)
- Tax, wage and social debts -€46,330
down €46,330 (-92.2%), from €50,227 to €3,897
- Reserves +€23,988
up €23,988 (+3.6%), from €659,449 to €683,437
of which Distributable reserves: +€23,988
- Financial income -€7,380
down €7,380 (-49.4%), from €14,929 to €7,550
- Gross operating margin +€4,563
up €4,563 (+12.9%), from €35,442 to €40,004
- Financial charges +€1,617
up €1,617 (+40.3%), from €4,012 to €5,629
- Other operating charges +€546
up €546 (+47.9%), from €1,140 to €1,686
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 | €773,178 | €754,592 | -€18,586 | -2.4% |
| Fixed assets | 21/28 | €6,266 | €4,058 | -€2,208 | -35.2% |
| Tangible fixed assets | 22/27 | €6,266 | €4,058 | -€2,208 | -35.2% |
| Plant, machinery and equipment | 23 | €207 | €0 | -€207 | -100% |
| Furniture and vehicles | 24 | €3,092 | €1,685 | -€1,407 | -45.5% |
| Other tangible fixed assets | 26 | €2,967 | €2,373 | -€594 | -20.0% |
| Current assets | 29/58 | €766,912 | €750,533 | -€16,379 | -2.1% |
| Amounts receivable within one year | 40/41 | €125,030 | €125,611 | +€581 | +0.5% |
| Trade receivables | 40 | €0 | €565 | +€565 | |
| Other amounts receivable | 41 | €125,030 | €125,046 | +€16 | 0.0% |
| Current investments | 50/53 | €599,999 | €606,145 | +€6,146 | +1.0% |
| Cash at bank and in hand | 54/58 | €39,733 | €11,166 | -€28,567 | -71.9% |
| Deferred charges and accrued income | 490/1 | €2,151 | €7,612 | +€5,461 | +254% |
| Total equity and liabilities | 10/49 | €773,178 | €754,592 | -€18,586 | -2.4% |
| Equity | 10/15 | €678,049 | €702,037 | +€23,988 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €659,449 | €683,437 | +€23,988 | +3.6% |
| Tax-exempt reserves | 132 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €659,201 | €683,189 | +€23,988 | +3.6% |
| Amounts payable | 17/49 | €95,129 | €52,555 | -€42,575 | -44.8% |
| Amounts payable within one year | 42/48 | €92,619 | €49,782 | -€42,836 | -46.3% |
| Trade debts | 44 | €3,672 | €8,492 | +€4,821 | +131% |
| Suppliers | 440/4 | €3,672 | €8,492 | +€4,821 | +131% |
| Taxes, remuneration and social security | 45 | €50,227 | €3,897 | -€46,330 | -92.2% |
| Taxes | 450/3 | €50,227 | €3,897 | -€46,330 | -92.2% |
| Other amounts payable | 47/48 | €38,720 | €37,393 | -€1,327 | -3.4% |
| Accrued charges and deferred income | 492/3 | €2,511 | €2,772 | +€262 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,028 | €2,208 | +€180 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,140 | €1,686 | +€546 | +47.9% |
| Gross operating margin | 9900 | €35,442 | €40,004 | +€4,563 | +12.9% |
| Operating profit (loss) | 9901 | €32,275 | €36,111 | +€3,836 | +11.9% |
| Financial income | 75/76B | €14,929 | €7,550 | -€7,380 | -49.4% |
| Recurring financial income | 75 | €14,929 | €7,550 | -€7,380 | -49.4% |
| Financial charges | 65/66B | €4,012 | €5,629 | +€1,617 | +40.3% |
| Recurring financial charges | 65 | €4,012 | €5,629 | +€1,617 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €43,191 | €38,032 | -€5,160 | -11.9% |
| Income taxes | 67/77 | €13,932 | €14,044 | +€111 | +0.8% |
| Profit (loss) for the period | 9904 | €29,259 | €23,988 | -€5,271 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,259 | €23,988 | -€5,271 | -18.0% |
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 15 October 2026 via checked.be.