STUDIEBUREEL VERHOEVEN: 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 VERHOEVEN
Largest movements
- Tangible fixed assets -€7,293
down €7,293 (-4.9%), from €148,355 to €141,062
- Equity -€5,940
down €5,940 (-2.7%), from €220,769 to €214,829
of which Reserves: -€5,940
- Gross operating margin +€2,885
up €2,885 (+149%), from €1,940 to €4,825
- Other operating charges +€1,265
new in 2021: €1,265
- Taxes +€513
up €513 (+30.9%), from €1,658 to €2,171
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,427 | €217,409 | -€5,018 | -2.3% |
| Fixed assets | 21/28 | €148,851 | €141,558 | -€7,293 | -4.9% |
| Tangible fixed assets | 22/27 | €148,355 | €141,062 | -€7,293 | -4.9% |
| Land and buildings | 22 | - | €42,597 | +€42,597 | |
| Other tangible fixed assets | 26 | - | €98,466 | +€98,466 | |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €73,576 | €75,851 | +€2,275 | +3.1% |
| Amounts receivable within one year | 40/41 | €22,051 | €22,657 | +€606 | +2.7% |
| Other amounts receivable | 41 | - | €22,657 | +€22,657 | |
| Current investments | 50/53 | €42,750 | €42,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,717 | €10,386 | +€1,669 | +19.1% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €222,427 | €217,409 | -€5,018 | -2.3% |
| Equity | 10/15 | €220,769 | €214,829 | -€5,940 | -2.7% |
| Contributions | 10/11 | - | €30,766 | +€30,766 | |
| Reserves | 13 | €190,003 | €184,063 | -€5,940 | -3.1% |
| Non-distributable reserves | 130/1 | - | €6,200 | +€6,200 | |
| Reserves not available under the articles | 1311 | - | €6,200 | +€6,200 | |
| Tax-exempt reserves | 132 | - | €2,479 | +€2,479 | |
| Distributable reserves | 133 | - | €175,383 | +€175,383 | |
| Amounts payable | 17/49 | €1,658 | €2,581 | +€923 | +55.6% |
| Amounts payable within one year | 42/48 | €1,658 | €2,581 | +€923 | +55.6% |
| Trade debts | 44 | - | €410 | +€410 | |
| Suppliers | 440/4 | - | €410 | +€410 | |
| Taxes, remuneration and social security | 45 | - | €2,171 | +€2,171 | |
| Taxes | 450/3 | - | €2,171 | +€2,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,293 | €7,293 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,265 | +€1,265 | |
| Gross operating margin | 9900 | €1,940 | €4,825 | +€2,885 | +149% |
| Operating profit (loss) | 9901 | -€6,550 | -€3,733 | +€2,817 | +43.0% |
| Financial charges | 65/66B | - | €36 | +€36 | |
| Recurring financial charges | 65 | €64 | €36 | -€28 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,614 | -€3,769 | +€2,845 | +43.0% |
| Income taxes | 67/77 | €1,658 | €2,171 | +€513 | +30.9% |
| Profit (loss) for the period | 9904 | -€8,272 | -€5,940 | +€2,332 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,272 | -€5,940 | +€2,332 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2020 and 31 October 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.