STUDENCE: 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.
STUDENCE
Largest movements
- Receivables within one year +€25,531
up €25,531 (+154%), from €16,571 to €42,102
of which Other amounts receivable: +€35,082
- Cash -€21,008
down €21,008 (-56.8%), from €36,980 to €15,972
mainly Receivables within one year (-€25,531) and Debts after one year (-€23,850)
- Tangible fixed assets -€13,714
down €13,714 (-4.8%), from €286,444 to €272,730
of which Furniture and vehicles: -€7,231
- Trade debts +€26,565
up €26,565 (+28.8%), from €92,395 to €118,959
- Debts after one year -€23,850
down €23,850 (-19.0%), from €125,213 to €101,363
- Advances received -€17,000
down €17,000 (-100%), from €17,000 to €0
- Other debts +€11,939
up €11,939 (+165%), from €7,243 to €19,182
- Tax, wage and social debts -€8,249
down €8,249 (-100%), from €8,249 to €0
of which Remuneration and social security: -€5,916
- Gross operating margin -€57,302
down €57,302 (-53.8%), from €106,491 to €49,189
- Staff costs -€53,966
down €53,966 (-69.6%), from €77,542 to €23,576
- Financial charges -€4,102
down €4,102 (-38.5%), from €10,667 to €6,565
- Depreciation +€2,238
up €2,238 (+19.5%), from €11,476 to €13,714
- Taxes -€1,942
down €1,942 (-99.6%), from €1,950 to €8
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 | €339,995 | €330,804 | -€9,191 | -2.7% |
| Fixed assets | 21/28 | €286,444 | €272,730 | -€13,714 | -4.8% |
| Tangible fixed assets | 22/27 | €286,444 | €272,730 | -€13,714 | -4.8% |
| Land and buildings | 22 | €263,206 | €257,770 | -€5,436 | -2.1% |
| Furniture and vehicles | 24 | €20,098 | €12,866 | -€7,231 | -36.0% |
| Other tangible fixed assets | 26 | €3,141 | €2,094 | -€1,047 | -33.3% |
| Current assets | 29/58 | €53,551 | €58,074 | +€4,523 | +8.4% |
| Amounts receivable within one year | 40/41 | €16,571 | €42,102 | +€25,531 | +154% |
| Trade receivables | 40 | €15,551 | €6,000 | -€9,551 | -61.4% |
| Other amounts receivable | 41 | €1,020 | €36,102 | +€35,082 | +3,441% |
| Cash at bank and in hand | 54/58 | €36,980 | €15,972 | -€21,008 | -56.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €339,995 | €330,804 | -€9,191 | -2.7% |
| Equity | 10/15 | €66,046 | €67,450 | +€1,405 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,646 | €55,050 | +€1,405 | +2.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,646 | €55,050 | +€1,405 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €273,949 | €263,354 | -€10,595 | -3.9% |
| Amounts payable after more than one year | 17 | €125,213 | €101,363 | -€23,850 | -19.0% |
| Financial debts | 170/4 | €125,213 | €101,363 | -€23,850 | -19.0% |
| Amounts payable within one year | 42/48 | €148,737 | €161,991 | +€13,255 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €23,850 | €23,850 | = | 0.0% |
| Trade debts | 44 | €92,395 | €118,959 | +€26,565 | +28.8% |
| Suppliers | 440/4 | €92,395 | €118,959 | +€26,565 | +28.8% |
| Advances received on contracts in progress | 46 | €17,000 | €0 | -€17,000 | -100% |
| Taxes, remuneration and social security | 45 | €8,249 | €0 | -€8,249 | -100% |
| Taxes | 450/3 | €2,333 | €0 | -€2,333 | -100% |
| Remuneration and social security | 454/9 | €5,916 | €0 | -€5,916 | -100% |
| Other amounts payable | 47/48 | €7,243 | €19,182 | +€11,939 | +165% |
| Remuneration, social security and pensions | 62 | €77,542 | €23,576 | -€53,966 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,476 | €13,714 | +€2,238 | +19.5% |
| Other operating charges | 640/8 | €2,863 | €3,921 | +€1,058 | +36.9% |
| Gross operating margin | 9900 | €106,491 | €49,189 | -€57,302 | -53.8% |
| Operating profit (loss) | 9901 | €14,610 | €7,978 | -€6,632 | -45.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,667 | €6,565 | -€4,102 | -38.5% |
| Recurring financial charges | 65 | €10,667 | €6,565 | -€4,102 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €3,943 | €1,413 | -€2,530 | -64.2% |
| Income taxes | 67/77 | €1,950 | €8 | -€1,942 | -99.6% |
| Profit (loss) for the period | 9904 | €1,993 | €1,405 | -€588 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,993 | €1,405 | -€588 | -29.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.