STUD De Rock 1: 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 De Rock 1
Largest movements
- Tangible fixed assets -€17,519
down €17,519 (-97.5%), from €17,975 to €456
- Receivables within one year -€5,391
down €5,391 (-99.2%), from €5,435 to €44
- Cash -€787
down €787 (-84.9%), from €928 to €140
mainly Debts after one year (-€17,517) and Current portion of long-term debt (-€8,070)
- Debts after one year -€17,517
no longer reported in 2025 (was €17,517)
- Current portion of long-term debt -€8,070
no longer reported in 2025 (was €8,070)
- Other debts +€5,885
up €5,885 (+45.6%), from €12,896 to €18,781
- Profit (loss) carried forward -€4,664
down €4,664 (-15.5%), from -€30,119 to -€34,783
- Tax, wage and social debts +€2,308
up €2,308 (+259%), from €891 to €3,199
- Gross operating margin +€13,909
up €13,909 (+95.2%), from -€14,611 to -€702
- Depreciation -€4,969
down €4,969 (-92.2%), from €5,389 to €420
- Financial charges -€636
down €636 (-32.5%), from €1,955 to €1,319
- Other operating charges -€369
down €369 (-100%), from €369 to €0
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 | €24,405 | €640 | -€23,765 | -97.4% |
| Fixed assets | 21/28 | €17,975 | €456 | -€17,519 | -97.5% |
| Tangible fixed assets | 22/27 | €17,975 | €456 | -€17,519 | -97.5% |
| Furniture and vehicles | 24 | €17,975 | €456 | -€17,519 | -97.5% |
| Current assets | 29/58 | €6,430 | €184 | -€6,246 | -97.1% |
| Amounts receivable within one year | 40/41 | €5,435 | €44 | -€5,391 | -99.2% |
| Other amounts receivable | 41 | €5,435 | €44 | -€5,391 | -99.2% |
| Cash at bank and in hand | 54/58 | €928 | €140 | -€787 | -84.9% |
| Deferred charges and accrued income | 490/1 | €68 | - | -€68 | |
| Total equity and liabilities | 10/49 | €24,405 | €640 | -€23,765 | -97.4% |
| Equity | 10/15 | -€16,675 | -€21,339 | -€4,664 | -28.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €9,444 | €9,444 | = | 0.0% |
| Distributable reserves | 133 | €9,444 | €9,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,119 | -€34,783 | -€4,664 | -15.5% |
| Amounts payable | 17/49 | €41,081 | €21,980 | -€19,101 | -46.5% |
| Amounts payable after more than one year | 17 | €17,517 | - | -€17,517 | |
| Financial debts | 170/4 | €17,517 | - | -€17,517 | |
| Amounts payable within one year | 42/48 | €22,604 | €21,980 | -€624 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €8,070 | - | -€8,070 | |
| Trade debts | 44 | €747 | - | -€747 | |
| Suppliers | 440/4 | €747 | - | -€747 | |
| Taxes, remuneration and social security | 45 | €891 | €3,199 | +€2,308 | +259% |
| Taxes | 450/3 | €891 | €3,199 | +€2,308 | +259% |
| Other amounts payable | 47/48 | €12,896 | €18,781 | +€5,885 | +45.6% |
| Accrued charges and deferred income | 492/3 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,389 | €420 | -€4,969 | -92.2% |
| Other operating charges | 640/8 | €369 | €0 | -€369 | -100% |
| Non-recurring operating charges | 66A | €7,720 | €2,223 | -€5,497 | -71.2% |
| Gross operating margin | 9900 | -€14,611 | -€702 | +€13,909 | +95.2% |
| Operating profit (loss) | 9901 | -€28,089 | -€3,345 | +€24,744 | +88.1% |
| Financial charges | 65/66B | €1,955 | €1,319 | -€636 | -32.5% |
| Recurring financial charges | 65 | €1,955 | €1,319 | -€636 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,044 | -€4,664 | +€25,380 | +84.5% |
| Income taxes | 67/77 | €75 | - | -€75 | |
| Profit (loss) for the period | 9904 | -€30,119 | -€4,664 | +€25,455 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,119 | -€4,664 | +€25,455 | +84.5% |
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 22 October 2026 via checked.be.