STUDIEBUREEL DEVALLEE: 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 DEVALLEE
Largest movements
- Cash +€11,732
up €11,732 (+44.2%), from €26,531 to €38,263
mainly Net result for the year (+€25,320) and Tax, wage and social debts (+€3,495)
- Reserves +€25,320
up €25,320 (+408%), from €6,200 to €31,520
of which Distributable reserves: +€25,320
- Debts after one year -€20,241
down €20,241 (-4.2%), from €483,500 to €463,259
- Gross operating margin +€21,118
up €21,118 (+31.1%), from €67,888 to €89,006
- Taxes +€5,721
up €5,721 (+3,273%), from €175 to €5,896
- Staff costs +€4,131
up €4,131 (+8.4%), from €48,984 to €53,115
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 | €1,143,810 | €1,150,436 | +€6,626 | +0.6% |
| Fixed assets | 21/28 | €1,113,618 | €1,111,492 | -€2,127 | -0.2% |
| Tangible fixed assets | 22/27 | €340,268 | €338,141 | -€2,127 | -0.6% |
| Land and buildings | 22 | €339,264 | €337,307 | -€1,957 | -0.6% |
| Plant, machinery and equipment | 23 | €1,004 | €835 | -€169 | -16.9% |
| Financial fixed assets | 28 | €773,350 | €773,350 | = | 0.0% |
| Current assets | 29/58 | €30,191 | €38,944 | +€8,753 | +29.0% |
| Amounts receivable within one year | 40/41 | €3,660 | €681 | -€2,980 | -81.4% |
| Trade receivables | 40 | €3,660 | €681 | -€2,980 | -81.4% |
| Cash at bank and in hand | 54/58 | €26,531 | €38,263 | +€11,732 | +44.2% |
| Total equity and liabilities | 10/49 | €1,143,810 | €1,150,436 | +€6,626 | +0.6% |
| Equity | 10/15 | €304,091 | €329,411 | +€25,320 | +8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €215,767 | €215,767 | = | 0.0% |
| Reserves | 13 | €6,200 | €31,520 | +€25,320 | +408% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €25,320 | +€25,320 | |
| Profit (loss) carried forward | 14 | €20,124 | €20,124 | = | 0.0% |
| Amounts payable | 17/49 | €839,719 | €821,025 | -€18,694 | -2.2% |
| Amounts payable after more than one year | 17 | €483,500 | €463,259 | -€20,241 | -4.2% |
| Financial debts | 170/4 | €483,500 | €463,259 | -€20,241 | -4.2% |
| Amounts payable within one year | 42/48 | €356,219 | €357,765 | +€1,547 | +0.4% |
| Trade debts | 44 | €3,741 | €1,793 | -€1,948 | -52.1% |
| Suppliers | 440/4 | €3,741 | €1,793 | -€1,948 | -52.1% |
| Taxes, remuneration and social security | 45 | €10,797 | €14,292 | +€3,495 | +32.4% |
| Taxes | 450/3 | €4,837 | €7,936 | +€3,099 | +64.1% |
| Remuneration and social security | 454/9 | €5,960 | €6,356 | +€396 | +6.7% |
| Other amounts payable | 47/48 | €341,681 | €341,681 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €48,984 | €53,115 | +€4,131 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €2,127 | -€35 | -1.6% |
| Other operating charges | 640/8 | €3,401 | €2,543 | -€858 | -25.2% |
| Gross operating margin | 9900 | €67,888 | €89,006 | +€21,118 | +31.1% |
| Operating profit (loss) | 9901 | €13,341 | €31,222 | +€17,880 | +134% |
| Financial income | 75/76B | - | €288 | +€288 | |
| Recurring financial income | 75 | - | €288 | +€288 | |
| Financial charges | 65/66B | €198 | €294 | +€96 | +48.2% |
| Recurring financial charges | 65 | €198 | €294 | +€96 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €13,143 | €31,216 | +€18,073 | +138% |
| Income taxes | 67/77 | €175 | €5,896 | +€5,721 | +3,273% |
| Profit (loss) for the period | 9904 | €12,968 | €25,320 | +€12,352 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,968 | €25,320 | +€12,352 | +95.3% |
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 14 October 2026 via checked.be.