STUDIEBUREEL A.S.E.: 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.
STUDIEBUREEL A.S.E.
Largest movements
- Cash +€1.6m
up €1.6m (+1,091%), from €147,919 to €1.8m
mainly Current investments (+€1.3m) and Net result for the year (+€253,130)
- Current investments -€1.3m
no longer reported in 2025 (was €1.3m)
- Tangible fixed assets -€18,888
down €18,888 (-15.2%), from €123,962 to €105,074
of which Land and buildings: -€18,752
- Reserves +€253,130
up €253,130 (+18.4%), from €1.4m to €1.6m
of which Distributable reserves: +€253,130
- Tax, wage and social debts +€41,650
up €41,650 (+64.9%), from €64,204 to €105,853
- Gross operating margin -€879,259
down €879,259 (-71.6%), from €1.2m to €348,238
- Taxes -€260,436
down €260,436 (-68.7%), from €379,204 to €118,768
- Financial income +€33,495
up €33,495 (+2,682%), from €1,249 to €34,744
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 | €1,571,880 | €1,866,293 | +€294,412 | +18.7% |
| Fixed assets | 21/28 | €123,962 | €105,074 | -€18,888 | -15.2% |
| Tangible fixed assets | 22/27 | €123,962 | €105,074 | -€18,888 | -15.2% |
| Land and buildings | 22 | €123,826 | €105,074 | -€18,752 | -15.1% |
| Plant, machinery and equipment | 23 | €136 | - | -€136 | |
| Current assets | 29/58 | €1,447,919 | €1,761,219 | +€313,300 | +21.6% |
| Current investments | 50/53 | €1,300,000 | - | -€1.3m | |
| Cash at bank and in hand | 54/58 | €147,919 | €1,761,219 | +€1.6m | +1,091% |
| Total equity and liabilities | 10/49 | €1,571,880 | €1,866,293 | +€294,412 | +18.7% |
| Equity | 10/15 | €1,435,665 | €1,688,795 | +€253,130 | +17.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,373,165 | €1,626,295 | +€253,130 | +18.4% |
| Tax-exempt reserves | 132 | €13,652 | €13,652 | = | 0.0% |
| Distributable reserves | 133 | €1,359,514 | €1,612,643 | +€253,130 | +18.6% |
| Amounts payable | 17/49 | €136,215 | €177,498 | +€41,283 | +30.3% |
| Amounts payable within one year | 42/48 | €136,215 | €177,498 | +€41,283 | +30.3% |
| Trade debts | 44 | €367 | - | -€367 | |
| Suppliers | 440/4 | €367 | - | -€367 | |
| Taxes, remuneration and social security | 45 | €64,204 | €105,853 | +€41,650 | +64.9% |
| Taxes | 450/3 | €64,204 | €105,853 | +€41,650 | +64.9% |
| Other amounts payable | 47/48 | €71,645 | €71,645 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,541 | €7,187 | -€2,354 | -24.7% |
| Other operating charges | 640/8 | €5,503 | €3,771 | -€1,732 | -31.5% |
| Gross operating margin | 9900 | €1,227,497 | €348,238 | -€879,259 | -71.6% |
| Operating profit (loss) | 9901 | €1,212,454 | €337,280 | -€875,174 | -72.2% |
| Financial income | 75/76B | €1,249 | €34,744 | +€33,495 | +2,682% |
| Recurring financial income | 75 | €1,249 | €34,744 | +€33,495 | +2,682% |
| Financial charges | 65/66B | €114 | €126 | +€12 | +11.0% |
| Recurring financial charges | 65 | €114 | €126 | +€12 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €1,213,589 | €371,898 | -€841,691 | -69.4% |
| Income taxes | 67/77 | €379,204 | €118,768 | -€260,436 | -68.7% |
| Profit (loss) for the period | 9904 | €834,385 | €253,130 | -€581,256 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €834,385 | €253,130 | -€581,256 | -69.7% |
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 28 October 2026 via checked.be.