STUDIEBUREEL BERT WITTEVRONGEL: 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 BERT WITTEVRONGEL
Largest movements
- Tangible fixed assets -€34,414
down €34,414 (-12.9%), from €266,012 to €231,597
of which Land and buildings: -€24,376
- Financial fixed assets -€18,500
down €18,500 (-33.5%), from €55,300 to €36,800
- Receivables within one year -€14,026
down €14,026 (-43.7%), from €32,103 to €18,077
of which Trade receivables: -€7,801
- Cash +€6,323
new in 2025: €6,323
mainly Depreciation (+€34,414) and Net result for the year (+€20,429)
- Profit (loss) carried forward -€32,578
no longer reported in 2025 (was €32,578)
- Debts after one year -€28,975
down €28,975 (-22.3%), from €130,144 to €101,169
- Short-term financial debts -€23,385
no longer reported in 2025 (was €23,385)
- Reserves +€21,007
up €21,007 (+48.3%), from €43,467 to €64,474
- Advances received +€15,000
new in 2025: €15,000
- Gross operating margin +€11,868
up €11,868 (+20.2%), from €58,834 to €70,702
- Taxes +€9,123
up €9,123 (+166%), from €5,503 to €14,626
- Other operating charges -€4,823
down €4,823 (-89.6%), from €5,385 to €562
- Depreciation -€3,637
down €3,637 (-9.6%), from €38,052 to €34,414
- Financial charges -€3,178
down €3,178 (-36.3%), from €8,765 to €5,588
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 | €355,699 | €294,134 | -€61,565 | -17.3% |
| Fixed assets | 21/28 | €321,312 | €268,397 | -€52,914 | -16.5% |
| Tangible fixed assets | 22/27 | €266,012 | €231,597 | -€34,414 | -12.9% |
| Land and buildings | 22 | €226,064 | €201,688 | -€24,376 | -10.8% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €825 | €302 | -€524 | -63.4% |
| Leasing and similar rights | 25 | €39,122 | €29,608 | -€9,514 | -24.3% |
| Financial fixed assets | 28 | €55,300 | €36,800 | -€18,500 | -33.5% |
| Current assets | 29/58 | €34,388 | €25,737 | -€8,651 | -25.2% |
| Amounts receivable within one year | 40/41 | €32,103 | €18,077 | -€14,026 | -43.7% |
| Trade receivables | 40 | €25,877 | €18,077 | -€7,801 | -30.1% |
| Other amounts receivable | 41 | €6,225 | - | -€6,225 | |
| Cash at bank and in hand | 54/58 | - | €6,323 | +€6,323 | |
| Deferred charges and accrued income | 490/1 | €2,285 | €1,337 | -€948 | -41.5% |
| Total equity and liabilities | 10/49 | €355,699 | €294,134 | -€61,565 | -17.3% |
| Equity | 10/15 | €94,645 | €83,074 | -€11,571 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,467 | €64,474 | +€21,007 | +48.3% |
| Distributable reserves | 133 | €43,467 | €64,474 | +€21,007 | +48.3% |
| Profit (loss) carried forward | 14 | €32,578 | - | -€32,578 | |
| Amounts payable | 17/49 | €261,054 | €211,060 | -€49,994 | -19.2% |
| Amounts payable after more than one year | 17 | €130,144 | €101,169 | -€28,975 | -22.3% |
| Financial debts | 170/4 | €130,144 | €101,169 | -€28,975 | -22.3% |
| Amounts payable within one year | 42/48 | €129,744 | €109,304 | -€20,440 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €32,988 | €28,975 | -€4,014 | -12.2% |
| Financial debts | 43 | €23,385 | - | -€23,385 | |
| Credit institutions | 430/8 | €23,385 | - | -€23,385 | |
| Trade debts | 44 | €11,743 | €5,202 | -€6,541 | -55.7% |
| Suppliers | 440/4 | €11,743 | €5,202 | -€6,541 | -55.7% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €8,951 | €18,356 | +€9,405 | +105% |
| Taxes | 450/3 | €6,657 | €18,356 | +€11,700 | +176% |
| Remuneration and social security | 454/9 | €2,294 | - | -€2,294 | |
| Other amounts payable | 47/48 | €52,677 | €41,771 | -€10,905 | -20.7% |
| Accrued charges and deferred income | 492/3 | €1,166 | €587 | -€579 | -49.7% |
| Non-recurring operating income | 76A | €2,479 | - | -€2,479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,052 | €34,414 | -€3,637 | -9.6% |
| Other operating charges | 640/8 | €5,385 | €562 | -€4,823 | -89.6% |
| Gross operating margin | 9900 | €58,834 | €70,702 | +€11,868 | +20.2% |
| Operating profit (loss) | 9901 | €15,397 | €35,726 | +€20,329 | +132% |
| Financial income | 75/76B | €6,241 | €4,916 | -€1,324 | -21.2% |
| Recurring financial income | 75 | €6,241 | €4,916 | -€1,324 | -21.2% |
| Financial charges | 65/66B | €8,765 | €5,588 | -€3,178 | -36.3% |
| Recurring financial charges | 65 | €8,765 | €5,588 | -€3,178 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €12,873 | €35,055 | +€22,182 | +172% |
| Income taxes | 67/77 | €5,503 | €14,626 | +€9,123 | +166% |
| Profit (loss) for the period | 9904 | €7,370 | €20,429 | +€13,059 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €7,370 | €20,429 | +€13,059 | +177% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.