STUDAC KORTRIJK: what changed
STUDAC KORTRIJK
Largest movements
- Current investments -€180,000
down €180,000 (-100%), from €180,000 to €0
- Tangible fixed assets -€70,804
down €70,804 (-3.7%), from €1.9m to €1.9m
- Cash +€30,266
up €30,266 (+142%), from €21,328 to €51,594
mainly Current investments (+€180,000) and Depreciation (+€118,905)
- Debts after one year -€155,800
down €155,800 (-7.5%), from €2.1m to €1.9m
- Other debts -€98,435
down €98,435 (-100%), from €98,435 to €0
- Accrued charges and deferred income +€23,558
new in 2025: €23,558
- Profit (loss) carried forward +€22,475
up €22,475 (+23.5%), from -€95,785 to -€73,311
- Gross operating margin +€15,893
up €15,893 (+5.5%), from €287,927 to €303,821
- Depreciation +€11,436
up €11,436 (+10.6%), from €107,469 to €118,905
- Financial charges -€7,673
down €7,673 (-5.5%), from €140,529 to €132,856
- Financial income -€3,396
down €3,396 (-66.2%), from €5,128 to €1,732
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,134,772 | €1,912,524 | -€222,248 | -10.4% |
| Fixed assets | 21/28 | €1,931,214 | €1,860,411 | -€70,804 | -3.7% |
| Tangible fixed assets | 22/27 | €1,931,214 | €1,860,411 | -€70,804 | -3.7% |
| Land and buildings | 22 | €1,931,214 | €1,860,411 | -€70,804 | -3.7% |
| Current assets | 29/58 | €203,557 | €52,113 | -€151,444 | -74.4% |
| Amounts receivable within one year | 40/41 | €2,229 | €519 | -€1,710 | -76.7% |
| Other amounts receivable | 41 | €2,229 | €519 | -€1,710 | -76.7% |
| Current investments | 50/53 | €180,000 | €0 | -€180,000 | -100% |
| Cash at bank and in hand | 54/58 | €21,328 | €51,594 | +€30,266 | +142% |
| Total equity and liabilities | 10/49 | €2,134,772 | €1,912,524 | -€222,248 | -10.4% |
| Equity | 10/15 | -€89,585 | -€67,111 | +€22,475 | +25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,785 | -€73,311 | +€22,475 | +23.5% |
| Amounts payable | 17/49 | €2,224,357 | €1,979,634 | -€244,723 | -11.0% |
| Amounts payable after more than one year | 17 | €2,063,750 | €1,907,950 | -€155,800 | -7.5% |
| Financial debts | 170/4 | €2,063,750 | €1,907,950 | -€155,800 | -7.5% |
| Amounts payable within one year | 42/48 | €160,607 | €48,127 | -€112,481 | -70.0% |
| Current portion of amounts payable after more than one year | 42 | €47,000 | €47,000 | = | 0.0% |
| Trade debts | 44 | €11,629 | €1,126 | -€10,503 | -90.3% |
| Suppliers | 440/4 | €11,629 | €1,126 | -€10,503 | -90.3% |
| Taxes, remuneration and social security | 45 | €3,542 | €0 | -€3,542 | -100% |
| Taxes | 450/3 | €3,542 | €0 | -€3,542 | -100% |
| Other amounts payable | 47/48 | €98,435 | €0 | -€98,435 | -100% |
| Accrued charges and deferred income | 492/3 | - | €23,558 | +€23,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,469 | €118,905 | +€11,436 | +10.6% |
| Other operating charges | 640/8 | €30,365 | €31,317 | +€952 | +3.1% |
| Gross operating margin | 9900 | €287,927 | €303,821 | +€15,893 | +5.5% |
| Operating profit (loss) | 9901 | €150,094 | €153,599 | +€3,505 | +2.3% |
| Financial income | 75/76B | €5,128 | €1,732 | -€3,396 | -66.2% |
| Recurring financial income | 75 | €5,128 | €1,732 | -€3,396 | -66.2% |
| Financial charges | 65/66B | €140,529 | €132,856 | -€7,673 | -5.5% |
| Recurring financial charges | 65 | €140,529 | €132,856 | -€7,673 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €14,693 | €22,475 | +€7,782 | +53.0% |
| Profit (loss) for the period | 9904 | €14,693 | €22,475 | +€7,782 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,693 | €22,475 | +€7,782 | +53.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.