STUDIMMO: 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.
STUDIMMO
Largest movements
- Tangible fixed assets -€250,201
down €250,201 (-4.2%), from €6.0m to €5.7m
of which Land and buildings: -€261,902
- Cash +€130,332
up €130,332 (+118%), from €110,640 to €240,972
mainly Depreciation (+€264,340) and Net result for the year (+€100,088)
- Debts after one year -€213,858
down €213,858 (-19.3%), from €1.1m to €891,405
of which Financial debts: -€212,653
- Profit (loss) carried forward +€100,088
up €100,088 (+126%), from €79,463 to €179,551
- Gross operating margin -€23,054
down €23,054 (-5.0%), from €460,792 to €437,738
- Financial charges -€9,878
down €9,878 (-20.4%), from €48,515 to €38,637
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 | €6,152,511 | €6,017,882 | -€134,629 | -2.2% |
| Fixed assets | 21/28 | €5,981,073 | €5,730,872 | -€250,201 | -4.2% |
| Tangible fixed assets | 22/27 | €5,981,073 | €5,730,872 | -€250,201 | -4.2% |
| Land and buildings | 22 | €5,981,073 | €5,719,171 | -€261,902 | -4.4% |
| Furniture and vehicles | 24 | - | €11,701 | +€11,701 | |
| Current assets | 29/58 | €171,437 | €287,010 | +€115,572 | +67.4% |
| Amounts receivable within one year | 40/41 | €58,555 | €45,703 | -€12,851 | -21.9% |
| Trade receivables | 40 | €12,116 | - | -€12,116 | |
| Other amounts receivable | 41 | €46,439 | €45,703 | -€735 | -1.6% |
| Cash at bank and in hand | 54/58 | €110,640 | €240,972 | +€130,332 | +118% |
| Deferred charges and accrued income | 490/1 | €2,243 | €334 | -€1,909 | -85.1% |
| Total equity and liabilities | 10/49 | €6,152,511 | €6,017,882 | -€134,629 | -2.2% |
| Equity | 10/15 | €4,299,054 | €4,399,142 | +€100,088 | +2.3% |
| Contributions | 10/11 | €4,213,800 | €4,213,800 | = | 0.0% |
| Reserves | 13 | €5,791 | €5,791 | = | 0.0% |
| Distributable reserves | 133 | €5,791 | €5,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,463 | €179,551 | +€100,088 | +126% |
| Amounts payable | 17/49 | €1,853,457 | €1,618,740 | -€234,717 | -12.7% |
| Amounts payable after more than one year | 17 | €1,105,263 | €891,405 | -€213,858 | -19.3% |
| Financial debts | 170/4 | €1,075,698 | €863,045 | -€212,653 | -19.8% |
| Other amounts payable | 178/9 | €29,565 | €28,360 | -€1,205 | -4.1% |
| Amounts payable within one year | 42/48 | €743,454 | €711,668 | -€31,786 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €207,012 | €212,653 | +€5,641 | +2.7% |
| Trade debts | 44 | €4,877 | €853 | -€4,025 | -82.5% |
| Suppliers | 440/4 | €4,877 | €853 | -€4,025 | -82.5% |
| Taxes, remuneration and social security | 45 | €7,399 | €613 | -€6,786 | -91.7% |
| Taxes | 450/3 | €5,825 | - | -€5,825 | |
| Remuneration and social security | 454/9 | €1,573 | €613 | -€960 | -61.0% |
| Other amounts payable | 47/48 | €524,166 | €497,549 | -€26,617 | -5.1% |
| Accrued charges and deferred income | 492/3 | €4,740 | €15,668 | +€10,928 | +231% |
| Remuneration, social security and pensions | 62 | €4,639 | €9,130 | +€4,491 | +96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,902 | €264,340 | +€2,438 | +0.9% |
| Other operating charges | 640/8 | €27,629 | €25,567 | -€2,062 | -7.5% |
| Gross operating margin | 9900 | €460,792 | €437,738 | -€23,054 | -5.0% |
| Operating profit (loss) | 9901 | €166,622 | €138,701 | -€27,921 | -16.8% |
| Financial income | 75/76B | €4 | €24 | +€19 | +453% |
| Recurring financial income | 75 | €4 | €24 | +€19 | +453% |
| Financial charges | 65/66B | €48,515 | €38,637 | -€9,878 | -20.4% |
| Recurring financial charges | 65 | €48,515 | €38,637 | -€9,878 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €118,111 | €100,088 | -€18,024 | -15.3% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | €118,110 | €100,088 | -€18,023 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,110 | €100,088 | -€18,023 | -15.3% |
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.