STUDIX: 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.
STUDIX
Largest movements
- Stocks and contracts -€230,744
down €230,744 (-23.5%), from €980,266 to €749,522
- Receivables within one year -€30,571
down €30,571 (-25.4%), from €120,240 to €89,669
of which Trade receivables: -€61,107
- Cash -€20,987
down €20,987 (-54.8%), from €38,329 to €17,342
mainly Other debts (-€246,743) and Trade debts (-€49,775)
- Other debts -€246,743
down €246,743 (-25.2%), from €978,536 to €731,793
- Trade debts -€49,775
down €49,775 (-82.7%), from €60,217 to €10,442
- Profit (loss) carried forward +€12,213
up €12,213 (+26.2%), from €46,585 to €58,798
- Gross operating margin +€44,899
up €44,899 (+240.9%), from €18,636 to €63,536
- Financial income -€3,054
down €3,054 (-100.0%), from €3,054 to €0
- Financial charges -€2,602
down €2,602 (-18.5%), from €14,052 to €11,449
- Taxes +€2,005
up €2,005 (+81.9%), from €2,450 to €4,456
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 | €1,143,185 | €857,431 | -€285,755 | -25.0% |
| Fixed assets | 21/28 | €4,351 | €897 | -€3,453 | -79.4% |
| Tangible fixed assets | 22/27 | €1,346 | €897 | -€448 | -33.3% |
| Other tangible fixed assets | 26 | €1,346 | €897 | -€448 | -33.3% |
| Financial fixed assets | 28 | €3,005 | €0 | -€3,005 | -100.0% |
| Current assets | 29/58 | €1,138,834 | €856,533 | -€282,301 | -24.8% |
| Stocks and contracts in progress | 3 | €980,266 | €749,522 | -€230,744 | -23.5% |
| Contracts in progress | 37 | €980,266 | €749,522 | -€230,744 | -23.5% |
| Amounts receivable within one year | 40/41 | €120,240 | €89,669 | -€30,571 | -25.4% |
| Trade receivables | 40 | €61,107 | €0 | -€61,107 | -100.0% |
| Other amounts receivable | 41 | €59,133 | €89,669 | +€30,536 | +51.6% |
| Cash at bank and in hand | 54/58 | €38,329 | €17,342 | -€20,987 | -54.8% |
| Total equity and liabilities | 10/49 | €1,143,185 | €857,431 | -€285,755 | -25.0% |
| Equity | 10/15 | €98,527 | €110,740 | +€12,213 | +12.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,942 | €1,942 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,942 | €1,942 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,942 | €1,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,585 | €58,798 | +€12,213 | +26.2% |
| Amounts payable | 17/49 | €1,044,658 | €746,690 | -€297,968 | -28.5% |
| Amounts payable within one year | 42/48 | €1,044,658 | €746,690 | -€297,968 | -28.5% |
| Trade debts | 44 | €60,217 | €10,442 | -€49,775 | -82.7% |
| Suppliers | 440/4 | €60,217 | €10,442 | -€49,775 | -82.7% |
| Taxes, remuneration and social security | 45 | €5,905 | €4,456 | -€1,450 | -24.5% |
| Taxes | 450/3 | €5,905 | €4,456 | -€1,450 | -24.5% |
| Other amounts payable | 47/48 | €978,536 | €731,793 | -€246,743 | -25.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €448 | = | 0.0% |
| Other operating charges | 640/8 | €1,748 | €1,668 | -€80 | -4.6% |
| Non-recurring operating charges | 66A | €800 | €33,301 | +€32,501 | +4062.7% |
| Gross operating margin | 9900 | €18,636 | €63,536 | +€44,899 | +240.9% |
| Operating profit (loss) | 9901 | €15,640 | €28,118 | +€12,478 | +79.8% |
| Financial income | 75/76B | €3,054 | €0 | -€3,054 | -100.0% |
| Recurring financial income | 75 | €3,054 | €0 | -€3,054 | -100.0% |
| Financial charges | 65/66B | €14,052 | €11,449 | -€2,602 | -18.5% |
| Recurring financial charges | 65 | €14,052 | €11,449 | -€2,602 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €4,642 | €16,669 | +€12,026 | +259.0% |
| Income taxes | 67/77 | €2,450 | €4,456 | +€2,005 | +81.9% |
| Profit (loss) for the period | 9904 | €2,192 | €12,213 | +€10,021 | +457.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,192 | €12,213 | +€10,021 | +457.1% |
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 10 October 2026 via checked.be.