STUDEUR: 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.
STUDEUR
Largest movements
- Receivables within one year +€36,410
up €36,410 (+2609.4%), from €1,395 to €37,805
of which Trade receivables: +€34,431
- Cash +€1,220
up €1,220 (+6274.0%), from €19 to €1,239
mainly Other debts (+€25,174) and Trade debts (+€12,583)
- Other debts +€25,174
up €25,174 (+661.8%), from €3,804 to €28,978
- Trade debts +€12,583
up €12,583 (+1572.8%), from €800 to €13,383
- Gross operating margin +€7,101
up €7,101, from -€3,182 to €3,919
- Financial charges +€3,513
up €3,513 (+48386.8%), from €7 to €3,520
- Other operating charges +€287
new in 2025: €287
- Staff costs +€110
new in 2025: €110
- Taxes +€50
new in 2025: €50
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 | €1,415 | €39,174 | +€37,759 | +2668.9% |
| Current assets | 29/58 | €1,415 | €39,174 | +€37,759 | +2668.9% |
| Amounts receivable within one year | 40/41 | €1,395 | €37,805 | +€36,410 | +2609.4% |
| Trade receivables | 40 | €968 | €35,399 | +€34,431 | +3556.9% |
| Other amounts receivable | 41 | €427 | €2,406 | +€1,979 | +463.1% |
| Cash at bank and in hand | 54/58 | €19 | €1,239 | +€1,220 | +6274.0% |
| Deferred charges and accrued income | 490/1 | - | €130 | +€130 | |
| Total equity and liabilities | 10/49 | €1,415 | €39,174 | +€37,759 | +2668.9% |
| Equity | 10/15 | -€3,189 | -€3,237 | -€48 | -1.5% |
| Profit (loss) carried forward | 14 | -€3,189 | -€3,237 | -€48 | -1.5% |
| Amounts payable | 17/49 | €4,604 | €42,410 | +€37,807 | +821.2% |
| Amounts payable within one year | 42/48 | €4,604 | €42,410 | +€37,807 | +821.2% |
| Trade debts | 44 | €800 | €13,383 | +€12,583 | +1572.8% |
| Suppliers | 440/4 | €800 | €13,383 | +€12,583 | +1572.8% |
| Taxes, remuneration and social security | 45 | - | €50 | +€50 | |
| Taxes | 450/3 | - | €50 | +€50 | |
| Other amounts payable | 47/48 | €3,804 | €28,978 | +€25,174 | +661.8% |
| Remuneration, social security and pensions | 62 | - | €110 | +€110 | |
| Other operating charges | 640/8 | - | €287 | +€287 | |
| Gross operating margin | 9900 | -€3,182 | €3,919 | +€7,101 | |
| Operating profit (loss) | 9901 | -€3,182 | €3,522 | +€6,704 | |
| Financial charges | 65/66B | €7 | €3,520 | +€3,513 | +48386.8% |
| Recurring financial charges | 65 | €7 | €3,520 | +€3,513 | +48386.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,189 | €2 | +€3,191 | |
| Income taxes | 67/77 | - | €50 | +€50 | |
| Profit (loss) for the period | 9904 | -€3,189 | -€48 | +€3,141 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,189 | -€48 | +€3,141 | +98.5% |
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 10 October 2026 via checked.be.