STUDIEBUREAU UGT: 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 UGT
Largest movements
- Cash +€11,617
up €11,617 (+183%), from €6,365 to €17,983
mainly Net result for the year (+€16,162) and Receivables within one year (+€3,920)
- Receivables within one year -€3,920
down €3,920 (-26.1%), from €15,024 to €11,104
- Tangible fixed assets -€2,988
down €2,988 (-85.6%), from €3,491 to €503
- Profit (loss) carried forward +€16,162
up €16,162 (+98.9%), from -€16,345 to -€183
- Other debts -€9,254
down €9,254 (-40.5%), from €22,870 to €13,616
- Current portion of long-term debt -€1,611
down €1,611 (-91.6%), from €1,759 to €148
- Tax, wage and social debts -€368
down €368 (-12.2%), from €3,022 to €2,655
- Gross operating margin -€14,039
down €14,039 (-37.9%), from €37,044 to €23,006
- Taxes +€2,160
up €2,160 (+4,884%), from €44 to €2,204
- Staff costs -€909
no longer reported in 2025 (was €909)
- Financial charges -€526
down €526 (-24.7%), from €2,132 to €1,606
- Depreciation -€448
down €448 (-13.0%), from €3,436 to €2,988
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 | €25,146 | €29,995 | +€4,849 | +19.3% |
| Fixed assets | 21/28 | €3,491 | €503 | -€2,988 | -85.6% |
| Tangible fixed assets | 22/27 | €3,491 | €503 | -€2,988 | -85.6% |
| Furniture and vehicles | 24 | €3,491 | €503 | -€2,988 | -85.6% |
| Current assets | 29/58 | €21,655 | €29,492 | +€7,837 | +36.2% |
| Amounts receivable within one year | 40/41 | €15,024 | €11,104 | -€3,920 | -26.1% |
| Trade receivables | 40 | €15,024 | €11,104 | -€3,920 | -26.1% |
| Cash at bank and in hand | 54/58 | €6,365 | €17,983 | +€11,617 | +183% |
| Deferred charges and accrued income | 490/1 | €266 | €406 | +€140 | +52.7% |
| Total equity and liabilities | 10/49 | €25,146 | €29,995 | +€4,849 | +19.3% |
| Equity | 10/15 | -€6,345 | €9,817 | +€16,162 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,345 | -€183 | +€16,162 | +98.9% |
| Amounts payable | 17/49 | €31,490 | €20,177 | -€11,313 | -35.9% |
| Amounts payable after more than one year | 17 | €148 | - | -€148 | |
| Financial debts | 170/4 | €148 | - | -€148 | |
| Amounts payable within one year | 42/48 | €31,342 | €20,177 | -€11,165 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €1,759 | €148 | -€1,611 | -91.6% |
| Trade debts | 44 | €3,690 | €3,758 | +€68 | +1.8% |
| Suppliers | 440/4 | €3,690 | €3,758 | +€68 | +1.8% |
| Taxes, remuneration and social security | 45 | €3,022 | €2,655 | -€368 | -12.2% |
| Taxes | 450/3 | €3,022 | €2,655 | -€368 | -12.2% |
| Other amounts payable | 47/48 | €22,870 | €13,616 | -€9,254 | -40.5% |
| Remuneration, social security and pensions | 62 | €909 | - | -€909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,436 | €2,988 | -€448 | -13.0% |
| Other operating charges | 640/8 | €75 | €46 | -€29 | -38.7% |
| Gross operating margin | 9900 | €37,044 | €23,006 | -€14,039 | -37.9% |
| Operating profit (loss) | 9901 | €32,624 | €19,972 | -€12,652 | -38.8% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.9% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.9% |
| Financial charges | 65/66B | €2,132 | €1,606 | -€526 | -24.7% |
| Recurring financial charges | 65 | €2,132 | €1,606 | -€526 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €30,499 | €18,366 | -€12,134 | -39.8% |
| Income taxes | 67/77 | €44 | €2,204 | +€2,160 | +4,884% |
| Profit (loss) for the period | 9904 | €30,455 | €16,162 | -€14,293 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,455 | €16,162 | -€14,293 | -46.9% |
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 29 October 2026 via checked.be.