STUD: 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.
STUD
Largest movements
- Cash -€1,413
down €1,413 (-29.0%), from €4,868 to €3,454
mainly Net result for the year (-€2,597) and Accrued charges and deferred income (-€65)
- Profit (loss) carried forward -€2,597
down €2,597 (-46.5%), from -€5,580 to -€8,177
- Other debts +€1,200
up €1,200 (+25.9%), from €4,637 to €5,837
- Gross operating margin +€1,053
up €1,053 (+42.1%), from -€2,503 to -€1,450
- Other operating charges -€265
down €265 (-23.6%), from €1,123 to €858
- Financial charges -€94
down €94 (-33.9%), from €277 to €183
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.
Cash bridge derived
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 | €7,159 | €5,745 | -€1,414 | -19.7% |
| Fixed assets | 21/28 | €125 | €78 | -€47 | -37.4% |
| Tangible fixed assets | 22/27 | €125 | €78 | -€47 | -37.4% |
| Plant, machinery and equipment | 23 | €125 | €78 | -€47 | -37.4% |
| Current assets | 29/58 | €7,033 | €5,667 | -€1,367 | -19.4% |
| Stocks and contracts in progress | 3 | €350 | €350 | = | 0.0% |
| Stocks | 30/36 | €350 | €350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €801 | €801 | = | 0.0% |
| Trade receivables | 40 | €801 | €801 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,868 | €3,454 | -€1,413 | -29.0% |
| Deferred charges and accrued income | 490/1 | €1,014 | €1,061 | +€47 | +4.6% |
| Total equity and liabilities | 10/49 | €7,159 | €5,745 | -€1,414 | -19.7% |
| Equity | 10/15 | €747 | -€1,850 | -€2,597 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127 | €127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €127 | €127 | = | 0.0% |
| Reserves not available under the articles | 1311 | €127 | €127 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,580 | -€8,177 | -€2,597 | -46.5% |
| Amounts payable | 17/49 | €6,411 | €7,595 | +€1,184 | +18.5% |
| Amounts payable within one year | 42/48 | €6,201 | €7,450 | +€1,249 | +20.1% |
| Trade debts | 44 | €1,432 | €1,432 | = | 0.0% |
| Suppliers | 440/4 | €1,432 | €1,432 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €133 | €181 | +€49 | +36.6% |
| Taxes | 450/3 | €133 | €181 | +€49 | +36.6% |
| Other amounts payable | 47/48 | €4,637 | €5,837 | +€1,200 | +25.9% |
| Accrued charges and deferred income | 492/3 | €210 | €145 | -€65 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €47 | = | 0.0% |
| Other operating charges | 640/8 | €1,123 | €858 | -€265 | -23.6% |
| Gross operating margin | 9900 | -€2,503 | -€1,450 | +€1,053 | +42.1% |
| Operating profit (loss) | 9901 | -€3,673 | -€2,355 | +€1,319 | +35.9% |
| Financial charges | 65/66B | €277 | €183 | -€94 | -33.9% |
| Recurring financial charges | 65 | €277 | €183 | -€94 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,951 | -€2,538 | +€1,413 | +35.8% |
| Income taxes | 67/77 | €40 | €59 | +€20 | +50.1% |
| Profit (loss) for the period | 9904 | -€3,990 | -€2,597 | +€1,393 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,990 | -€2,597 | +€1,393 | +34.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.