Studiecentrum C&T: 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.
What changed
Studiecentrum C&T
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€23,713
2024 · €240,228-€263,940
Equity
€592,399
2024 · €616,112-€23,713
Cash
€849
2024 · €13,692-€12,843
Balance sheet total
€4.3m
2024 · €1.3m+€3.0m
Largest movements
Assets
- Financial fixed assets +€3.1m
up €3.1m (+13856.5%), from €22,300 to €3.1m
- Stocks and contracts -€90,279
down €90,279 (-11.9%), from €755,775 to €665,496
Equity and liabilities
- Debts after one year +€1.7m
up €1.7m (+14473.6%), from €11,665 to €1.7m
- Short-term financial debts +€626,000
new in 2025: €626,000
- Other debts +€616,957
up €616,957 (+107.6%), from €573,311 to €1.2m
- Trade debts +€84,535
up €84,535 (+224.6%), from €37,644 to €122,180
Income statement
- Gross operating margin -€313,079
down €313,079 (-71.7%), from €436,745 to €123,666
- Financial charges +€84,164
up €84,164 (+218.8%), from €38,470 to €122,634
- Other operating charges -€53,895
down €53,895 (-91.1%), from €59,183 to €5,288
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.
Result 2024
€240,228
Gross operating margin
-€313,079
Depreciation
-€1,003
Other operating charges
+€53,895
Financial income
+€155
Financial charges
-€84,164
Taxes
+€1,634
Deferred taxes and other
+€78,622
Result 2025
-€23,713
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.
From operations
+€785,401
Investment
-€3.1m
Financing
+€2.3m
Cash 2024
€13,692
From operations (derived)
+€785,401
Net result for the year
-€23,713
Depreciation
+€19,635
Stocks and contracts
+€90,279
Smaller working-capital items
-€2,292
Trade debts
+€84,535
Other debts
+€616,957
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€3.1m
Financing
+€2.3m
Debts after one year
+€1.7m
Current portion of long-term debt
-€18,709
Short-term financial debts
+€626,000
Cash 2025
€849
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,349,910 | €4,322,768 | +€3.0m | +220.2% |
| Fixed assets | 21/28 | €417,889 | €3,492,125 | +€3.1m | +735.7% |
| Intangible fixed assets | 21 | - | €2,888 | +€2,888 | |
| Tangible fixed assets | 22/27 | €395,589 | €376,937 | -€18,652 | -4.7% |
| Land and buildings | 22 | €389,718 | €373,166 | -€16,552 | -4.2% |
| Furniture and vehicles | 24 | €5,871 | €3,771 | -€2,100 | -35.8% |
| Financial fixed assets | 28 | €22,300 | €3,112,300 | +€3.1m | +13856.5% |
| Current assets | 29/58 | €932,020 | €830,643 | -€101,377 | -10.9% |
| Stocks and contracts in progress | 3 | €755,775 | €665,496 | -€90,279 | -11.9% |
| Stocks | 30/36 | €755,775 | €665,496 | -€90,279 | -11.9% |
| Amounts receivable within one year | 40/41 | €156,244 | €159,044 | +€2,800 | +1.8% |
| Other amounts receivable | 41 | €156,244 | €159,044 | +€2,800 | +1.8% |
| Cash at bank and in hand | 54/58 | €13,692 | €849 | -€12,843 | -93.8% |
| Deferred charges and accrued income | 490/1 | €6,309 | €5,254 | -€1,055 | -16.7% |
| Total equity and liabilities | 10/49 | €1,349,910 | €4,322,768 | +€3.0m | +220.2% |
| Equity | 10/15 | €616,112 | €592,399 | -€23,713 | -3.8% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €630,233 | €630,233 | = | 0.0% |
| Tax-exempt reserves | 132 | €235,866 | €235,866 | = | 0.0% |
| Distributable reserves | 133 | €394,367 | €394,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,121 | -€59,834 | -€23,713 | -65.6% |
| Provisions and deferred taxes | 16 | €78,622 | €78,622 | = | 0.0% |
| Deferred taxes | 168 | €78,622 | €78,622 | = | 0.0% |
| Amounts payable | 17/49 | €655,176 | €3,651,747 | +€3.0m | +457.4% |
| Amounts payable after more than one year | 17 | €11,665 | €1,700,000 | +€1.7m | +14473.6% |
| Financial debts | 170/4 | €11,665 | €1,700,000 | +€1.7m | +14473.6% |
| Amounts payable within one year | 42/48 | €643,511 | €1,951,747 | +€1.3m | +203.3% |
| Current portion of amounts payable after more than one year | 42 | €30,374 | €11,665 | -€18,709 | -61.6% |
| Financial debts | 43 | - | €626,000 | +€626,000 | |
| Credit institutions | 430/8 | - | €626,000 | +€626,000 | |
| Trade debts | 44 | €37,644 | €122,180 | +€84,535 | +224.6% |
| Suppliers | 440/4 | €37,644 | €122,180 | +€84,535 | +224.6% |
| Taxes, remuneration and social security | 45 | €2,181 | €1,634 | -€547 | -25.1% |
| Taxes | 450/3 | €2,181 | €1,634 | -€547 | -25.1% |
| Other amounts payable | 47/48 | €573,311 | €1,190,268 | +€616,957 | +107.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,632 | €19,635 | +€1,003 | +5.4% |
| Other operating charges | 640/8 | €59,183 | €5,288 | -€53,895 | -91.1% |
| Gross operating margin | 9900 | €436,745 | €123,666 | -€313,079 | -71.7% |
| Operating profit (loss) | 9901 | €358,931 | €98,743 | -€260,187 | -72.5% |
| Financial income | 75/76B | €23 | €178 | +€155 | +667.6% |
| Recurring financial income | 75 | €23 | €178 | +€155 | +667.6% |
| Financial charges | 65/66B | €38,470 | €122,634 | +€84,164 | +218.8% |
| Recurring financial charges | 65 | €38,470 | €122,634 | +€84,164 | +218.8% |
| Profit (loss) for the period before taxes | 9903 | €320,483 | -€23,713 | -€344,196 | |
| Transfer to deferred taxes | 680 | €78,622 | - | -€78,622 | |
| Income taxes | 67/77 | €1,634 | - | -€1,634 | |
| Profit (loss) for the period | 9904 | €240,228 | -€23,713 | -€263,940 | |
| Transfer to tax-exempt reserves | 689 | €235,866 | - | -€235,866 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,362 | -€23,713 | -€28,075 |
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 12 October 2026 via checked.be.