Studiebureel B & L: 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 B & L
Largest movements
- Receivables within one year -€19,423
down €19,423 (-97.3%), from €19,957 to €534
of which Trade receivables: -€19,130
- Cash -€6,672
down €6,672 (-36.1%), from €18,498 to €11,826
mainly Net result for the year (-€100,292) and Trade debts (-€14,535)
- Deferred charges and accrued income -€1,514
no longer reported in 2025 (was €1,514)
- Tangible fixed assets -€1,417
down €1,417 (-33.4%), from €4,242 to €2,826
- Profit (loss) carried forward -€100,292
down €100,292 (-153%), from -€65,611 to -€165,903
- Other debts +€87,500
up €87,500 (+168%), from €52,000 to €139,500
- Trade debts -€14,535
down €14,535 (-85.4%), from €17,024 to €2,489
- Tax, wage and social debts -€2,345
down €2,345 (-11.4%), from €20,595 to €18,250
of which Taxes: -€1,249
- Accrued charges and deferred income +€646
new in 2025: €646
- Staff costs -€17,353
down €17,353 (-11.9%), from €145,885 to €128,532
- Gross operating margin -€9,538
down €9,538 (-23.7%), from €40,260 to €30,722
- Depreciation +€1,409
up €1,409 (+18,204%), from €8 to €1,417
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 | €44,458 | €15,432 | -€29,026 | -65.3% |
| Fixed assets | 21/28 | €4,489 | €3,072 | -€1,417 | -31.6% |
| Tangible fixed assets | 22/27 | €4,242 | €2,826 | -€1,417 | -33.4% |
| Furniture and vehicles | 24 | €4,242 | €2,826 | -€1,417 | -33.4% |
| Financial fixed assets | 28 | €247 | €247 | = | 0.0% |
| Current assets | 29/58 | €39,969 | €12,360 | -€27,609 | -69.1% |
| Amounts receivable within one year | 40/41 | €19,957 | €534 | -€19,423 | -97.3% |
| Trade receivables | 40 | €19,665 | €534 | -€19,130 | -97.3% |
| Other amounts receivable | 41 | €293 | - | -€293 | |
| Cash at bank and in hand | 54/58 | €18,498 | €11,826 | -€6,672 | -36.1% |
| Deferred charges and accrued income | 490/1 | €1,514 | - | -€1,514 | |
| Total equity and liabilities | 10/49 | €44,458 | €15,432 | -€29,026 | -65.3% |
| Equity | 10/15 | -€45,160 | -€145,452 | -€100,292 | -222% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,611 | -€165,903 | -€100,292 | -153% |
| Amounts payable | 17/49 | €89,619 | €160,885 | +€71,266 | +79.5% |
| Amounts payable within one year | 42/48 | €89,619 | €160,239 | +€70,620 | +78.8% |
| Trade debts | 44 | €17,024 | €2,489 | -€14,535 | -85.4% |
| Suppliers | 440/4 | €17,024 | €2,489 | -€14,535 | -85.4% |
| Taxes, remuneration and social security | 45 | €20,595 | €18,250 | -€2,345 | -11.4% |
| Taxes | 450/3 | €2,608 | €1,360 | -€1,249 | -47.9% |
| Remuneration and social security | 454/9 | €17,987 | €16,890 | -€1,096 | -6.1% |
| Other amounts payable | 47/48 | €52,000 | €139,500 | +€87,500 | +168% |
| Accrued charges and deferred income | 492/3 | - | €646 | +€646 | |
| Remuneration, social security and pensions | 62 | €145,885 | €128,532 | -€17,353 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | €1,417 | +€1,409 | +18,204% |
| Other operating charges | 640/8 | €525 | €530 | +€5 | +1.0% |
| Gross operating margin | 9900 | €40,260 | €30,722 | -€9,538 | -23.7% |
| Operating profit (loss) | 9901 | -€106,157 | -€99,757 | +€6,401 | +6.0% |
| Financial charges | 65/66B | €246 | €300 | +€54 | +22.0% |
| Recurring financial charges | 65 | €246 | €300 | +€54 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€106,403 | -€100,057 | +€6,347 | +6.0% |
| Income taxes | 67/77 | €195 | €236 | +€40 | +20.6% |
| Profit (loss) for the period | 9904 | -€106,599 | -€100,292 | +€6,307 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,599 | -€100,292 | +€6,307 | +5.9% |
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 27 October 2026 via checked.be.