STUDENTSTATION: 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.
STUDENTSTATION
Largest movements
- Tangible fixed assets -€268,719
down €268,719 (-9.2%), from €2.9m to €2.7m
of which Land and buildings: -€252,767
- Receivables within one year -€33,292
down €33,292 (-96.3%), from €34,561 to €1,270
of which Trade receivables: -€33,421
- Profit (loss) carried forward -€261,023
down €261,023 (-8.4%), from -€3.1m to -€3.4m
- Debts after one year -€62,168
down €62,168 (-1.9%), from €3.2m to €3.2m
of which Financial debts: -€131,145
- Gross operating margin -€24,434
down €24,434 (-9.8%), from €249,923 to €225,489
- Other operating charges -€14,295
down €14,295 (-30.6%), from €46,709 to €32,414
- Depreciation +€13,071
up €13,071 (+4.9%), from €268,574 to €281,645
- Staff costs +€6,978
up €6,978 (+10.5%), from €66,389 to €73,367
- Financial charges -€4,097
down €4,097 (-4.0%), from €102,940 to €98,843
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 | €2,997,375 | €2,689,675 | -€307,700 | -10.3% |
| Fixed assets | 21/28 | €2,952,316 | €2,675,690 | -€276,626 | -9.4% |
| Intangible fixed assets | 21 | €16,748 | €8,841 | -€7,907 | -47.2% |
| Tangible fixed assets | 22/27 | €2,920,010 | €2,651,290 | -€268,719 | -9.2% |
| Land and buildings | 22 | €2,867,823 | €2,615,056 | -€252,767 | -8.8% |
| Furniture and vehicles | 24 | €50,410 | €35,346 | -€15,064 | -29.9% |
| Other tangible fixed assets | 26 | €1,776 | €888 | -€888 | -50.0% |
| Financial fixed assets | 28 | €15,559 | €15,559 | = | 0.0% |
| Current assets | 29/58 | €45,058 | €13,985 | -€31,074 | -69.0% |
| Amounts receivable within one year | 40/41 | €34,561 | €1,270 | -€33,292 | -96.3% |
| Trade receivables | 40 | €33,421 | €0 | -€33,421 | -100% |
| Other amounts receivable | 41 | €1,140 | €1,270 | +€130 | +11.4% |
| Cash at bank and in hand | 54/58 | €6,963 | €7,760 | +€797 | +11.4% |
| Deferred charges and accrued income | 490/1 | €3,534 | €4,954 | +€1,421 | +40.2% |
| Total equity and liabilities | 10/49 | €2,997,375 | €2,689,675 | -€307,700 | -10.3% |
| Equity | 10/15 | -€594,558 | -€855,581 | -€261,023 | -43.9% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,094,558 | -€3,355,581 | -€261,023 | -8.4% |
| Amounts payable | 17/49 | €3,591,933 | €3,545,256 | -€46,677 | -1.3% |
| Amounts payable after more than one year | 17 | €3,241,082 | €3,178,914 | -€62,168 | -1.9% |
| Financial debts | 170/4 | €1,960,532 | €1,829,387 | -€131,145 | -6.7% |
| Other amounts payable | 178/9 | €1,280,550 | €1,349,527 | +€68,977 | +5.4% |
| Amounts payable within one year | 42/48 | €324,832 | €340,142 | +€15,310 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €136,301 | €141,840 | +€5,539 | +4.1% |
| Trade debts | 44 | €179,460 | €185,057 | +€5,597 | +3.1% |
| Suppliers | 440/4 | €179,460 | €185,057 | +€5,597 | +3.1% |
| Taxes, remuneration and social security | 45 | €9,071 | €13,246 | +€4,174 | +46.0% |
| Taxes | 450/3 | €221 | €279 | +€58 | +26.1% |
| Remuneration and social security | 454/9 | €8,850 | €12,967 | +€4,117 | +46.5% |
| Accrued charges and deferred income | 492/3 | €26,019 | €26,200 | +€181 | +0.7% |
| Remuneration, social security and pensions | 62 | €66,389 | €73,367 | +€6,978 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,574 | €281,645 | +€13,071 | +4.9% |
| Other operating charges | 640/8 | €46,709 | €32,414 | -€14,295 | -30.6% |
| Gross operating margin | 9900 | €249,923 | €225,489 | -€24,434 | -9.8% |
| Operating profit (loss) | 9901 | -€131,749 | -€161,937 | -€30,188 | -22.9% |
| Financial income | 75/76B | €27 | €35 | +€8 | +30.5% |
| Recurring financial income | 75 | €27 | €35 | +€8 | +30.5% |
| Financial charges | 65/66B | €102,940 | €98,843 | -€4,097 | -4.0% |
| Recurring financial charges | 65 | €102,940 | €98,843 | -€4,097 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€234,662 | -€260,745 | -€26,082 | -11.1% |
| Income taxes | 67/77 | €221 | €279 | +€58 | +26.1% |
| Profit (loss) for the period | 9904 | -€234,883 | -€261,023 | -€26,140 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€234,883 | -€261,023 | -€26,140 | -11.1% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.