STUDIEBUREEL VATHEMA: what changed
STUDIEBUREEL VATHEMA
Largest movements
- Receivables within one year -€3,243
down €3,243 (-13.9%), from €23,288 to €20,045
of which Trade receivables: -€3,734
- Tangible fixed assets -€2,718
down €2,718 (-45.2%), from €6,015 to €3,297
- Cash +€1,448
up €1,448 (+34.7%), from €4,170 to €5,618
mainly Receivables within one year (+€3,243) and Depreciation (+€2,998)
- Profit (loss) carried forward -€4,515
down €4,515 (-23.9%), from €18,925 to €14,411
- Turnover -€9,580
down €9,580 (-78.2%), from €12,254 to €2,674
- Gross operating margin -€5,968
down €5,968, from €4,557 to -€1,411
- Purchases and services -€3,612
down €3,612 (-46.9%), from €7,696 to €4,085
- Depreciation -€850
down €850 (-22.1%), from €3,847 to €2,998
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,474 | €28,961 | -€4,513 | -13.5% |
| Fixed assets | 21/28 | €6,015 | €3,297 | -€2,718 | -45.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,015 | €3,297 | -€2,718 | -45.2% |
| Plant, machinery and equipment | 23 | €6,015 | €3,297 | -€2,718 | -45.2% |
| Current assets | 29/58 | €27,459 | €25,664 | -€1,795 | -6.5% |
| Amounts receivable within one year | 40/41 | €23,288 | €20,045 | -€3,243 | -13.9% |
| Trade receivables | 40 | €17,536 | €13,802 | -€3,734 | -21.3% |
| Other amounts receivable | 41 | €5,752 | €6,243 | +€491 | +8.5% |
| Cash at bank and in hand | 54/58 | €4,170 | €5,618 | +€1,448 | +34.7% |
| Total equity and liabilities | 10/49 | €33,474 | €28,961 | -€4,513 | -13.5% |
| Equity | 10/15 | €33,399 | €28,884 | -€4,515 | -13.5% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €2,079 | €2,079 | = | 0.0% |
| Distributable reserves | 133 | €2,079 | €2,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,925 | €14,411 | -€4,515 | -23.9% |
| Amounts payable | 17/49 | €75 | €77 | +€2 | +2.6% |
| Amounts payable within one year | 42/48 | €75 | €77 | +€2 | +2.6% |
| Taxes, remuneration and social security | 45 | €75 | €77 | +€2 | +2.6% |
| Taxes | 450/3 | €75 | €77 | +€2 | +2.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €12,254 | €2,674 | -€9,580 | -78.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,696 | €4,085 | -€3,612 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,847 | €2,998 | -€850 | -22.1% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Non-recurring operating charges | 66A | €163 | - | -€163 | |
| Gross operating margin | 9900 | €4,557 | -€1,411 | -€5,968 | |
| Operating profit (loss) | 9901 | €483 | -€4,474 | -€4,958 | |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €444 | -€4,515 | -€4,959 | |
| Profit (loss) for the period | 9904 | €444 | -€4,515 | -€4,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €444 | -€4,515 | -€4,959 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.