STUDIEBURO B: 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.
STUDIEBURO B
Largest movements
- Cash +€369,607
up €369,607 (+1314.5%), from €28,119 to €397,726
mainly Current investments (+€299,825) and Net result for the year (+€59,889)
- Current investments -€299,825
no longer reported in 2025 (was €299,825)
- Receivables within one year -€14,724
down €14,724 (-26.8%), from €54,951 to €40,228
of which Trade receivables: -€18,253
- Reserves +€59,889
up €59,889 (+17.3%), from €346,809 to €406,698
of which Distributable reserves: +€59,889
- Gross operating margin -€16,160
down €16,160 (-16.2%), from €99,535 to €83,375
- Taxes -€4,554
down €4,554 (-13.5%), from €33,684 to €29,130
- Financial income +€4,331
up €4,331 (+83.5%), from €5,189 to €9,520
- Staff costs +€1,658
new in 2025: €1,658
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.
Cash bridge derived
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 | €386,148 | €445,038 | +€58,890 | +15.3% |
| Fixed assets | 21/28 | €3,253 | €7,085 | +€3,832 | +117.8% |
| Tangible fixed assets | 22/27 | €3,253 | €7,085 | +€3,832 | +117.8% |
| Furniture and vehicles | 24 | €3,253 | €7,085 | +€3,832 | +117.8% |
| Current assets | 29/58 | €382,895 | €437,953 | +€55,058 | +14.4% |
| Amounts receivable within one year | 40/41 | €54,951 | €40,228 | -€14,724 | -26.8% |
| Trade receivables | 40 | €54,951 | €36,698 | -€18,253 | -33.2% |
| Other amounts receivable | 41 | - | €3,530 | +€3,530 | |
| Current investments | 50/53 | €299,825 | - | -€299,825 | |
| Cash at bank and in hand | 54/58 | €28,119 | €397,726 | +€369,607 | +1314.5% |
| Total equity and liabilities | 10/49 | €386,148 | €445,038 | +€58,890 | +15.3% |
| Equity | 10/15 | €365,409 | €425,298 | +€59,889 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €346,809 | €406,698 | +€59,889 | +17.3% |
| Tax-exempt reserves | 132 | €186 | €186 | = | 0.0% |
| Distributable reserves | 133 | €346,623 | €406,512 | +€59,889 | +17.3% |
| Amounts payable | 17/49 | €20,739 | €19,740 | -€998 | -4.8% |
| Amounts payable within one year | 42/48 | €20,739 | €19,740 | -€998 | -4.8% |
| Trade debts | 44 | €14 | €683 | +€669 | +4639.5% |
| Suppliers | 440/4 | €14 | €683 | +€669 | +4639.5% |
| Taxes, remuneration and social security | 45 | €11,327 | €6,941 | -€4,386 | -38.7% |
| Taxes | 450/3 | €11,327 | €6,941 | -€4,386 | -38.7% |
| Other amounts payable | 47/48 | €9,397 | €12,115 | +€2,718 | +28.9% |
| Remuneration, social security and pensions | 62 | - | €1,658 | +€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €1,478 | +€600 | +68.3% |
| Other operating charges | 640/8 | €387 | €654 | +€266 | +68.8% |
| Gross operating margin | 9900 | €99,535 | €83,375 | -€16,160 | -16.2% |
| Operating profit (loss) | 9901 | €98,270 | €79,585 | -€18,685 | -19.0% |
| Financial income | 75/76B | €5,189 | €9,520 | +€4,331 | +83.5% |
| Recurring financial income | 75 | €5,189 | €9,520 | +€4,331 | +83.5% |
| Financial charges | 65/66B | €45 | €86 | +€41 | +90.7% |
| Recurring financial charges | 65 | €45 | €86 | +€41 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €103,413 | €89,019 | -€14,394 | -13.9% |
| Income taxes | 67/77 | €33,684 | €29,130 | -€4,554 | -13.5% |
| Profit (loss) for the period | 9904 | €69,729 | €59,889 | -€9,841 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,729 | €59,889 | -€9,841 | -14.1% |
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 9 October 2026 via checked.be.