STUDIEBURO RP: 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 RP
Largest movements
- Tangible fixed assets +€616,374
up €616,374 (+49.0%), from €1.3m to €1.9m
of which Land and buildings: +€634,076
- Receivables after one year -€375,000
down €375,000 (-100%), from €375,000 to €0
- Receivables within one year -€180,608
down €180,608 (-75.5%), from €239,172 to €58,563
of which Other amounts receivable: -€180,608
- Deferred charges and accrued income -€29,954
down €29,954 (-91.9%), from €32,604 to €2,651
- Cash +€28,156
up €28,156 (+81.6%), from €34,486 to €62,641
mainly Receivables after one year (+€375,000) and Receivables within one year (+€180,608)
- Reserves -€65,091
down €65,091 (-6.4%), from €1.0m to €946,830
of which Tax-exempt reserves: -€65,091
- Other debts +€57,198
new in 2025: €57,198
- Provisions +€35,286
up €35,286 (+20.6%), from €170,951 to €206,237
- Debts after one year +€30,099
up €30,099 (+4.5%), from €668,548 to €698,647
- Gross operating margin +€24,747
up €24,747 (+59.2%), from €41,817 to €66,564
- Depreciation +€24,034
up €24,034 (+36.3%), from €66,290 to €90,325
- Financial income -€9,167
down €9,167 (-61.1%), from €15,003 to €5,836
- Other operating charges +€2,377
up €2,377 (+39.2%), from €6,068 to €8,445
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 | €1,940,640 | €1,999,607 | +€58,968 | +3.0% |
| Fixed assets | 21/28 | €1,257,337 | €1,873,711 | +€616,374 | +49.0% |
| Tangible fixed assets | 22/27 | €1,257,137 | €1,873,511 | +€616,374 | +49.0% |
| Land and buildings | 22 | €1,224,643 | €1,858,719 | +€634,076 | +51.8% |
| Furniture and vehicles | 24 | €32,494 | €14,792 | -€17,702 | -54.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €683,303 | €125,896 | -€557,406 | -81.6% |
| Amounts receivable after more than one year | 29 | €375,000 | €0 | -€375,000 | -100% |
| Other amounts receivable | 291 | €375,000 | €0 | -€375,000 | -100% |
| Amounts receivable within one year | 40/41 | €239,172 | €58,563 | -€180,608 | -75.5% |
| Trade receivables | 40 | €32,435 | €32,435 | = | 0.0% |
| Other amounts receivable | 41 | €206,736 | €26,128 | -€180,608 | -87.4% |
| Current investments | 50/53 | €2,041 | €2,041 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,486 | €62,641 | +€28,156 | +81.6% |
| Deferred charges and accrued income | 490/1 | €32,604 | €2,651 | -€29,954 | -91.9% |
| Total equity and liabilities | 10/49 | €1,940,640 | €1,999,607 | +€58,968 | +3.0% |
| Equity | 10/15 | €1,035,086 | €961,214 | -€73,872 | -7.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,011,921 | €946,830 | -€65,091 | -6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €683,804 | €618,712 | -€65,091 | -9.5% |
| Distributable reserves | 133 | €326,257 | €326,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,960 | €8,179 | -€8,781 | -51.8% |
| Provisions and deferred taxes | 16 | €170,951 | €206,237 | +€35,286 | +20.6% |
| Deferred taxes | 168 | €170,951 | €206,237 | +€35,286 | +20.6% |
| Amounts payable | 17/49 | €734,603 | €832,156 | +€97,553 | +13.3% |
| Amounts payable after more than one year | 17 | €668,548 | €698,647 | +€30,099 | +4.5% |
| Financial debts | 170/4 | €668,548 | €698,647 | +€30,099 | +4.5% |
| Amounts payable within one year | 42/48 | €66,054 | €132,291 | +€66,237 | +100% |
| Current portion of amounts payable after more than one year | 42 | €64,183 | €74,166 | +€9,983 | +15.6% |
| Trade debts | 44 | €1,646 | €497 | -€1,150 | -69.8% |
| Suppliers | 440/4 | €1,646 | €497 | -€1,150 | -69.8% |
| Taxes, remuneration and social security | 45 | €226 | €430 | +€204 | +90.6% |
| Taxes | 450/3 | €226 | €430 | +€204 | +90.6% |
| Other amounts payable | 47/48 | - | €57,198 | +€57,198 | |
| Accrued charges and deferred income | 492/3 | €0 | €1,218 | +€1,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,290 | €90,325 | +€24,034 | +36.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,068 | €8,445 | +€2,377 | +39.2% |
| Gross operating margin | 9900 | €41,817 | €66,564 | +€24,747 | +59.2% |
| Operating profit (loss) | 9901 | -€30,542 | -€32,205 | -€1,664 | -5.4% |
| Financial income | 75/76B | €15,003 | €5,836 | -€9,167 | -61.1% |
| Recurring financial income | 75 | €15,003 | €5,836 | -€9,167 | -61.1% |
| Financial charges | 65/66B | €12,422 | €12,012 | -€411 | -3.3% |
| Recurring financial charges | 65 | €12,422 | €12,012 | -€411 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,961 | -€38,381 | -€10,420 | -37.3% |
| Transfer from deferred taxes | 780 | €4,997 | €7,451 | +€2,454 | +49.1% |
| Income taxes | 67/77 | €226 | €204 | -€21 | -9.4% |
| Profit (loss) for the period | 9904 | -€23,189 | -€31,134 | -€7,945 | -34.3% |
| Transfer from tax-exempt reserves | 789 | €19,990 | €22,354 | +€2,364 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,199 | -€8,781 | -€5,581 | -174% |
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 19 October 2026 via checked.be.