STUDIEBUREAU DECOUTERE: 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.
STUDIEBUREAU DECOUTERE
Largest movements
- Tangible fixed assets -€30,827
down €30,827 (-12.9%), from €239,103 to €208,277
of which Land and buildings: -€28,487
- Cash +€19,284
up €19,284 (+57.5%), from €33,549 to €52,833
mainly Depreciation (+€30,940) and Other debts (+€24,618)
- Other debts +€24,618
up €24,618 (+302%), from €8,158 to €32,776
- Profit (loss) carried forward -€18,069
down €18,069 (-100%), from €18,069 to €0
- Debts after one year -€12,671
down €12,671 (-14.5%), from €87,122 to €74,450
- Reserves -€10,471
down €10,471 (-5.7%), from €185,170 to €174,699
- Staff costs -€2,331
down €2,331 (-8.2%), from €28,519 to €26,188
- Depreciation +€2,065
up €2,065 (+7.2%), from €28,876 to €30,940
- Taxes +€1,403
up €1,403 (+144%), from €975 to €2,378
- Gross operating margin -€1,172
down €1,172 (-1.7%), from €70,535 to €69,363
- Other operating charges -€1,003
down €1,003 (-33.9%), from €2,963 to €1,959
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 | €336,233 | €322,490 | -€13,743 | -4.1% |
| Formation expenses | 20 | €2,844 | €2,730 | -€114 | -4.0% |
| Fixed assets | 21/28 | €239,153 | €208,327 | -€30,827 | -12.9% |
| Tangible fixed assets | 22/27 | €239,103 | €208,277 | -€30,827 | -12.9% |
| Land and buildings | 22 | €233,495 | €205,008 | -€28,487 | -12.2% |
| Plant, machinery and equipment | 23 | €4,816 | €3,022 | -€1,794 | -37.3% |
| Furniture and vehicles | 24 | €792 | €247 | -€545 | -68.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €94,236 | €111,434 | +€17,198 | +18.2% |
| Amounts receivable within one year | 40/41 | €57,549 | €56,205 | -€1,344 | -2.3% |
| Trade receivables | 40 | €48,880 | €52,058 | +€3,177 | +6.5% |
| Other amounts receivable | 41 | €8,669 | €4,147 | -€4,522 | -52.2% |
| Cash at bank and in hand | 54/58 | €33,549 | €52,833 | +€19,284 | +57.5% |
| Deferred charges and accrued income | 490/1 | €3,137 | €2,395 | -€742 | -23.7% |
| Total equity and liabilities | 10/49 | €336,233 | €322,490 | -€13,743 | -4.1% |
| Equity | 10/15 | €218,839 | €190,299 | -€28,540 | -13.0% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €185,170 | €174,699 | -€10,471 | -5.7% |
| Distributable reserves | 133 | €185,170 | €174,699 | -€10,471 | -5.7% |
| Profit (loss) carried forward | 14 | €18,069 | €0 | -€18,069 | -100% |
| Amounts payable | 17/49 | €117,394 | €132,191 | +€14,797 | +12.6% |
| Amounts payable after more than one year | 17 | €87,122 | €74,450 | -€12,671 | -14.5% |
| Financial debts | 170/4 | €87,122 | €74,450 | -€12,671 | -14.5% |
| Amounts payable within one year | 42/48 | €30,272 | €57,741 | +€27,469 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €12,357 | €12,671 | +€314 | +2.5% |
| Financial debts | 43 | €833 | €1,569 | +€736 | +88.3% |
| Credit institutions | 430/8 | €833 | €1,569 | +€736 | +88.3% |
| Trade debts | 44 | €662 | €2,256 | +€1,594 | +241% |
| Suppliers | 440/4 | €662 | €2,256 | +€1,594 | +241% |
| Taxes, remuneration and social security | 45 | €8,262 | €8,469 | +€207 | +2.5% |
| Taxes | 450/3 | €4,472 | €1,094 | -€3,377 | -75.5% |
| Remuneration and social security | 454/9 | €3,790 | €7,375 | +€3,584 | +94.6% |
| Other amounts payable | 47/48 | €8,158 | €32,776 | +€24,618 | +302% |
| Remuneration, social security and pensions | 62 | €28,519 | €26,188 | -€2,331 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,876 | €30,940 | +€2,065 | +7.2% |
| Other operating charges | 640/8 | €2,963 | €1,959 | -€1,003 | -33.9% |
| Gross operating margin | 9900 | €70,535 | €69,363 | -€1,172 | -1.7% |
| Operating profit (loss) | 9901 | €10,177 | €10,275 | +€98 | +1.0% |
| Financial income | 75/76B | €150 | €29 | -€121 | -80.5% |
| Recurring financial income | 75 | €150 | €29 | -€121 | -80.5% |
| Financial charges | 65/66B | €3,220 | €2,466 | -€754 | -23.4% |
| Recurring financial charges | 65 | €3,220 | €2,466 | -€754 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €7,107 | €7,838 | +€731 | +10.3% |
| Income taxes | 67/77 | €975 | €2,378 | +€1,403 | +144% |
| Profit (loss) for the period | 9904 | €6,132 | €5,460 | -€672 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,132 | €5,460 | -€672 | -11.0% |
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 1 November 2026 via checked.be.