STUDIEBUREEL STRANGER: 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 STRANGER
Largest movements
- Cash +€67,321
up €67,321 (+33.1%), from €203,216 to €270,536
mainly Trade debts (+€90,070) and Receivables within one year (+€41,338)
- Receivables within one year -€41,338
down €41,338 (-7.5%), from €552,609 to €511,270
of which Trade receivables: -€47,637
- Deferred charges and accrued income +€13,486
up €13,486 (+677%), from €1,993 to €15,479
- Trade debts +€90,070
up €90,070 (+18.4%), from €489,942 to €580,012
- Other debts -€28,382
down €28,382 (-96.0%), from €29,575 to €1,193
- Tax, wage and social debts -€12,505
down €12,505 (-10.8%), from €116,024 to €103,519
of which Remuneration and social security: -€16,885
- Staff costs -€170,011
down €170,011 (-28.3%), from €601,679 to €431,669
- Gross operating margin -€158,778
down €158,778 (-24.3%), from €652,932 to €494,154
- Write-downs +€51,460
new in 2025: €51,460
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 | €764,313 | €804,873 | +€40,559 | +5.3% |
| Fixed assets | 21/28 | €6,496 | €7,587 | +€1,091 | +16.8% |
| Tangible fixed assets | 22/27 | €6,376 | €7,427 | +€1,051 | +16.5% |
| Furniture and vehicles | 24 | €6,376 | €7,427 | +€1,051 | +16.5% |
| Financial fixed assets | 28 | €120 | €160 | +€40 | +33.3% |
| Current assets | 29/58 | €757,817 | €797,285 | +€39,468 | +5.2% |
| Amounts receivable within one year | 40/41 | €552,609 | €511,270 | -€41,338 | -7.5% |
| Trade receivables | 40 | €545,719 | €498,082 | -€47,637 | -8.7% |
| Other amounts receivable | 41 | €6,890 | €13,188 | +€6,298 | +91.4% |
| Cash at bank and in hand | 54/58 | €203,216 | €270,536 | +€67,321 | +33.1% |
| Deferred charges and accrued income | 490/1 | €1,993 | €15,479 | +€13,486 | +677% |
| Total equity and liabilities | 10/49 | €764,313 | €804,873 | +€40,559 | +5.3% |
| Equity | 10/15 | €93,184 | €89,558 | -€3,626 | -3.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,534 | €21,908 | -€3,626 | -14.2% |
| Amounts payable | 17/49 | €671,130 | €715,315 | +€44,185 | +6.6% |
| Amounts payable within one year | 42/48 | €670,541 | €714,724 | +€44,183 | +6.6% |
| Financial debts | 43 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Credit institutions | 430/8 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Trade debts | 44 | €489,942 | €580,012 | +€90,070 | +18.4% |
| Suppliers | 440/4 | €489,942 | €580,012 | +€90,070 | +18.4% |
| Taxes, remuneration and social security | 45 | €116,024 | €103,519 | -€12,505 | -10.8% |
| Taxes | 450/3 | €32,077 | €36,457 | +€4,380 | +13.7% |
| Remuneration and social security | 454/9 | €83,946 | €67,062 | -€16,885 | -20.1% |
| Other amounts payable | 47/48 | €29,575 | €1,193 | -€28,382 | -96.0% |
| Accrued charges and deferred income | 492/3 | €589 | €591 | +€2 | +0.3% |
| Non-recurring operating income | 76A | €83 | €0 | -€83 | -100% |
| Remuneration, social security and pensions | 62 | €601,679 | €431,669 | -€170,011 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,214 | €2,608 | +€393 | +17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €51,460 | +€51,460 | |
| Other operating charges | 640/8 | €705 | €720 | +€14 | +2.0% |
| Non-recurring operating charges | 66A | €2,336 | €1,136 | -€1,200 | -51.4% |
| Gross operating margin | 9900 | €652,932 | €494,154 | -€158,778 | -24.3% |
| Operating profit (loss) | 9901 | €45,997 | €6,562 | -€39,436 | -85.7% |
| Financial charges | 65/66B | €6,516 | €6,707 | +€190 | +2.9% |
| Recurring financial charges | 65 | €6,516 | €6,707 | +€190 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €39,481 | -€145 | -€39,626 | |
| Income taxes | 67/77 | €8,578 | €3,481 | -€5,098 | -59.4% |
| Profit (loss) for the period | 9904 | €30,903 | -€3,626 | -€34,528 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,903 | -€3,626 | -€34,528 |
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 30 October 2026 via checked.be.