STYDEL: what changed
Two fiscal 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.
STYDEL
Largest movements
- Tangible fixed assets +€31,859
up €31,859 (+9.6%), from €333,076 to €364,935
of which Land and buildings: +€29,107
- Cash +€16,412
up €16,412 (+5106.0%), from €321 to €16,733
mainly Net result for the year (+€84,800) and Other debts (+€54,374)
- Other debts +€54,374
up €54,374 (+386.7%), from €14,061 to €68,435
- Tax, wage and social debts +€31,301
up €31,301 (+127.8%), from €24,498 to €55,799
of which Taxes: +€35,569
- Debts after one year -€26,271
down €26,271 (-13.2%), from €199,313 to €173,042
- Reserves -€11,124
down €11,124 (-10.5%), from €105,867 to €94,743
of which Distributable reserves: -€11,124
- Financial income +€57,349
up €57,349 (+286743950.0%), from €0 to €57,349
of which Financial income: +€49,591
- Gross operating margin -€47,678
down €47,678 (-33.0%), from €144,360 to €96,682
- Depreciation -€30,698
down €30,698 (-56.7%), from €54,117 to €23,419
- Staff costs -€7,201
down €7,201 (-61.7%), from €11,670 to €4,470
- Taxes +€6,530
up €6,530 (+32.8%), from €19,904 to €26,434
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,629 | €454,526 | +€44,897 | +11.0% |
| Fixed assets | 21/28 | €347,351 | €379,210 | +€31,859 | +9.2% |
| Tangible fixed assets | 22/27 | €333,076 | €364,935 | +€31,859 | +9.6% |
| Land and buildings | 22 | €300,401 | €329,508 | +€29,107 | +9.7% |
| Plant, machinery and equipment | 23 | €461 | €110 | -€351 | -76.2% |
| Furniture and vehicles | 24 | €7,431 | €7,574 | +€143 | +1.9% |
| Other tangible fixed assets | 26 | €24,782 | €27,743 | +€2,961 | +11.9% |
| Financial fixed assets | 28 | €14,275 | €14,275 | = | 0.0% |
| Current assets | 29/58 | €62,278 | €75,316 | +€13,038 | +20.9% |
| Amounts receivable within one year | 40/41 | €58,993 | €55,248 | -€3,745 | -6.3% |
| Trade receivables | 40 | €58,361 | €24,189 | -€34,173 | -58.6% |
| Other amounts receivable | 41 | €631 | €31,059 | +€30,428 | +4820.5% |
| Cash at bank and in hand | 54/58 | €321 | €16,733 | +€16,412 | +5106.0% |
| Deferred charges and accrued income | 490/1 | €2,964 | €3,336 | +€372 | +12.5% |
| Total equity and liabilities | 10/49 | €409,629 | €454,526 | +€44,897 | +11.0% |
| Equity | 10/15 | €124,467 | €113,343 | -€11,124 | -8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,867 | €94,743 | -€11,124 | -10.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,007 | €92,883 | -€11,124 | -10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €285,162 | €341,183 | +€56,021 | +19.6% |
| Amounts payable after more than one year | 17 | €199,313 | €173,042 | -€26,271 | -13.2% |
| Financial debts | 170/4 | €199,313 | €173,042 | -€26,271 | -13.2% |
| Amounts payable within one year | 42/48 | €85,850 | €168,142 | +€82,292 | +95.9% |
| Current portion of amounts payable after more than one year | 42 | €33,385 | €33,369 | -€16 | 0.0% |
| Financial debts | 43 | €3,147 | €0 | -€3,147 | -100.0% |
| Credit institutions | 430/8 | €3,147 | €0 | -€3,147 | -100.0% |
| Trade debts | 44 | €10,759 | €10,539 | -€220 | -2.0% |
| Suppliers | 440/4 | €10,759 | €10,539 | -€220 | -2.0% |
| Taxes, remuneration and social security | 45 | €24,498 | €55,799 | +€31,301 | +127.8% |
| Taxes | 450/3 | €20,230 | €55,799 | +€35,569 | +175.8% |
| Remuneration and social security | 454/9 | €4,268 | €0 | -€4,268 | -100.0% |
| Other amounts payable | 47/48 | €14,061 | €68,435 | +€54,374 | +386.7% |
| Remuneration, social security and pensions | 62 | €11,670 | €4,470 | -€7,201 | -61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,117 | €23,419 | -€30,698 | -56.7% |
| Other operating charges | 640/8 | €3,113 | €3,504 | +€391 | +12.6% |
| Gross operating margin | 9900 | €144,360 | €96,682 | -€47,678 | -33.0% |
| Operating profit (loss) | 9901 | €75,460 | €65,288 | -€10,171 | -13.5% |
| Financial income | 75/76B | €0 | €57,349 | +€57,349 | +286743950.0% |
| Recurring financial income | 75 | €0 | €49,591 | +€49,591 | +247956750.0% |
| Non-recurring financial income | 76B | - | €7,757 | +€7,757 | |
| Financial charges | 65/66B | €11,895 | €11,404 | -€492 | -4.1% |
| Recurring financial charges | 65 | €11,895 | €11,404 | -€492 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €63,565 | €111,234 | +€47,669 | +75.0% |
| Income taxes | 67/77 | €19,904 | €26,434 | +€6,530 | +32.8% |
| Profit (loss) for the period | 9904 | €43,660 | €84,800 | +€41,139 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,660 | €84,800 | +€41,139 | +94.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.