Studiebureau HV: what changed
Studiebureau HV
Largest movements
- Intangible fixed assets -€7,668
down €7,668 (-49.8%), from €15,399 to €7,731
- Cash -€1,985
down €1,985 (-93.4%), from €2,125 to €140
mainly Net result for the year (-€7,985) and Trade debts (-€5,037)
- Receivables within one year -€1,935
down €1,935 (-67.2%), from €2,879 to €944
of which Trade receivables: -€1,935
- Tangible fixed assets -€1,164
down €1,164 (-49.2%), from €2,366 to €1,202
- Deferred charges and accrued income -€383
down €383 (-4.3%), from €8,936 to €8,554
- Profit (loss) carried forward -€7,985
down €7,985 (-48.2%), from -€16,557 to -€24,541
- Trade debts -€5,037
down €5,037 (-31.4%), from €16,032 to €10,995
- Other debts +€3,849
up €3,849 (+17.6%), from €21,914 to €25,763
- Tax, wage and social debts -€1,735
down €1,735 (-63.7%), from €2,722 to €987
- Short-term financial debts -€1,496
down €1,496 (-66.1%), from €2,263 to €767
- Gross operating margin -€4,973
down €4,973 (-60.2%), from €8,257 to €3,285
- Financial charges -€344
down €344 (-18.6%), from €1,849 to €1,505
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 | €32,104 | €18,970 | -€13,135 | -40.9% |
| Fixed assets | 21/28 | €18,165 | €9,333 | -€8,832 | -48.6% |
| Intangible fixed assets | 21 | €15,399 | €7,731 | -€7,668 | -49.8% |
| Tangible fixed assets | 22/27 | €2,366 | €1,202 | -€1,164 | -49.2% |
| Furniture and vehicles | 24 | €2,366 | €1,202 | -€1,164 | -49.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €13,940 | €9,637 | -€4,303 | -30.9% |
| Amounts receivable within one year | 40/41 | €2,879 | €944 | -€1,935 | -67.2% |
| Trade receivables | 40 | €2,879 | €944 | -€1,935 | -67.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,125 | €140 | -€1,985 | -93.4% |
| Deferred charges and accrued income | 490/1 | €8,936 | €8,554 | -€383 | -4.3% |
| Total equity and liabilities | 10/49 | €32,104 | €18,970 | -€13,135 | -40.9% |
| Equity | 10/15 | -€11,557 | -€19,541 | -€7,985 | -69.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,557 | -€24,541 | -€7,985 | -48.2% |
| Amounts payable | 17/49 | €43,661 | €38,511 | -€5,150 | -11.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €43,661 | €38,511 | -€5,150 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €731 | €0 | -€731 | -100% |
| Financial debts | 43 | €2,263 | €767 | -€1,496 | -66.1% |
| Credit institutions | 430/8 | €2,263 | €767 | -€1,496 | -66.1% |
| Trade debts | 44 | €16,032 | €10,995 | -€5,037 | -31.4% |
| Suppliers | 440/4 | €16,032 | €10,995 | -€5,037 | -31.4% |
| Taxes, remuneration and social security | 45 | €2,722 | €987 | -€1,735 | -63.7% |
| Taxes | 450/3 | €2,722 | €987 | -€1,735 | -63.7% |
| Other amounts payable | 47/48 | €21,914 | €25,763 | +€3,849 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,832 | €8,832 | = | 0.0% |
| Other operating charges | 640/8 | €767 | €788 | +€21 | +2.7% |
| Gross operating margin | 9900 | €8,257 | €3,285 | -€4,973 | -60.2% |
| Operating profit (loss) | 9901 | -€1,341 | -€6,335 | -€4,994 | -372% |
| Financial charges | 65/66B | €1,849 | €1,505 | -€344 | -18.6% |
| Recurring financial charges | 65 | €1,849 | €1,505 | -€344 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,190 | -€7,840 | -€4,649 | -146% |
| Income taxes | 67/77 | €152 | €145 | -€7 | -4.7% |
| Profit (loss) for the period | 9904 | -€3,343 | -€7,985 | -€4,642 | -139% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,343 | -€7,985 | -€4,642 | -139% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.