Studium ad Scaldim: 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.
Studium ad Scaldim
Largest movements
- Tangible fixed assets -€34,307
down €34,307 (-5.6%), from €611,807 to €577,501
of which Land and buildings: -€26,834
- Cash +€27,247
up €27,247 (+128%), from €21,271 to €48,518
mainly Depreciation (+€36,879) and Receivables within one year (+€18,341)
- Receivables within one year -€18,341
down €18,341 (-36.1%), from €50,797 to €32,456
of which Trade receivables: -€18,978
- Receivables after one year -€18,233
down €18,233 (-43.5%), from €41,954 to €23,721
- Debts after one year -€29,373
down €29,373 (-12.9%), from €228,394 to €199,021
- Other debts -€12,430
down €12,430 (-6.3%), from €196,093 to €183,662
- Tax, wage and social debts -€9,820
down €9,820 (-49.0%), from €20,034 to €10,214
of which Remuneration and social security: -€11,169
- Gross operating margin -€27,993
down €27,993 (-17.6%), from €158,867 to €130,874
- Staff costs -€21,474
down €21,474 (-20.7%), from €103,917 to €82,443
- Other operating charges -€2,096
down €2,096 (-30.0%), from €6,990 to €4,893
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 | €734,548 | €683,916 | -€50,633 | -6.9% |
| Fixed assets | 21/28 | €611,807 | €577,501 | -€34,307 | -5.6% |
| Tangible fixed assets | 22/27 | €611,807 | €577,501 | -€34,307 | -5.6% |
| Land and buildings | 22 | €596,201 | €569,367 | -€26,834 | -4.5% |
| Plant, machinery and equipment | 23 | €162 | €0 | -€162 | -100% |
| Furniture and vehicles | 24 | €15,444 | €8,134 | -€7,310 | -47.3% |
| Current assets | 29/58 | €122,741 | €106,415 | -€16,326 | -13.3% |
| Amounts receivable after more than one year | 29 | €41,954 | €23,721 | -€18,233 | -43.5% |
| Other amounts receivable | 291 | €41,954 | €23,721 | -€18,233 | -43.5% |
| Amounts receivable within one year | 40/41 | €50,797 | €32,456 | -€18,341 | -36.1% |
| Trade receivables | 40 | €33,202 | €14,224 | -€18,978 | -57.2% |
| Other amounts receivable | 41 | €17,596 | €18,233 | +€637 | +3.6% |
| Cash at bank and in hand | 54/58 | €21,271 | €48,518 | +€27,247 | +128% |
| Deferred charges and accrued income | 490/1 | €8,718 | €1,719 | -€7,000 | -80.3% |
| Total equity and liabilities | 10/49 | €734,548 | €683,916 | -€50,633 | -6.9% |
| Equity | 10/15 | €254,346 | €255,593 | +€1,246 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,746 | €236,993 | +€1,246 | +0.5% |
| Distributable reserves | 133 | €235,746 | €236,993 | +€1,246 | +0.5% |
| Amounts payable | 17/49 | €480,202 | €428,323 | -€51,879 | -10.8% |
| Amounts payable after more than one year | 17 | €228,394 | €199,021 | -€29,373 | -12.9% |
| Financial debts | 170/4 | €228,394 | €199,021 | -€29,373 | -12.9% |
| Amounts payable within one year | 42/48 | €250,403 | €226,382 | -€24,021 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €28,897 | €29,373 | +€476 | +1.6% |
| Trade debts | 44 | €5,379 | €3,132 | -€2,246 | -41.8% |
| Suppliers | 440/4 | €5,379 | €3,132 | -€2,246 | -41.8% |
| Taxes, remuneration and social security | 45 | €20,034 | €10,214 | -€9,820 | -49.0% |
| Taxes | 450/3 | €6,340 | €7,690 | +€1,350 | +21.3% |
| Remuneration and social security | 454/9 | €13,694 | €2,524 | -€11,169 | -81.6% |
| Other amounts payable | 47/48 | €196,093 | €183,662 | -€12,430 | -6.3% |
| Accrued charges and deferred income | 492/3 | €1,405 | €2,920 | +€1,515 | +108% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €103,917 | €82,443 | -€21,474 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,268 | €36,879 | +€611 | +1.7% |
| Other operating charges | 640/8 | €6,990 | €4,893 | -€2,096 | -30.0% |
| Non-recurring operating charges | 66A | €11,665 | €0 | -€11,665 | -100% |
| Gross operating margin | 9900 | €158,867 | €130,874 | -€27,993 | -17.6% |
| Operating profit (loss) | 9901 | €28 | €6,659 | +€6,631 | +23,448% |
| Financial income | 75/76B | €2,461 | €1,866 | -€595 | -24.2% |
| Recurring financial income | 75 | €2,461 | €1,866 | -€595 | -24.2% |
| Financial charges | 65/66B | €7,781 | €6,707 | -€1,075 | -13.8% |
| Recurring financial charges | 65 | €7,781 | €6,707 | -€1,075 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,292 | €1,818 | +€7,111 | |
| Income taxes | 67/77 | €573 | €572 | -€1 | -0.2% |
| Profit (loss) for the period | 9904 | -€5,866 | €1,246 | +€7,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,866 | €1,246 | +€7,112 |
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 28 October 2026 via checked.be.