11PM STUDIO: what changed
11PM STUDIO
Largest movements
- Receivables within one year -€10,777
down €10,777 (-59.5%), from €18,120 to €7,343
of which Trade receivables: -€9,242
- Stocks and contracts +€4,810
up €4,810 (+18.9%), from €25,430 to €30,240
- Cash -€2,883
down €2,883 (-34.5%), from €8,367 to €5,484
mainly Advances received (-€13,339) and Net result for the year (-€12,439)
- Tangible fixed assets +€1,323
new in 2025: €1,323
- Other debts +€18,000
up €18,000 (+65.3%), from €27,550 to €45,550
- Advances received -€13,339
no longer reported in 2025 (was €13,339)
- Profit (loss) carried forward -€12,439
down €12,439 (-9,229%), from -€135 to -€12,573
- Trade debts +€801
up €801 (+40.9%), from €1,957 to €2,758
- Purchases and services -€22,711
no longer reported in 2025 (was €22,711)
- Gross operating margin -€10,981
down €10,981, from €801 to -€10,179
- Other operating charges +€906
up €906 (+115%), from €789 to €1,695
- Depreciation +€247
new in 2025: €247
- Financial charges +€240
up €240 (+308%), from €78 to €318
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,917 | €44,803 | -€7,113 | -13.7% |
| Fixed assets | 21/28 | - | €1,323 | +€1,323 | |
| Tangible fixed assets | 22/27 | - | €1,323 | +€1,323 | |
| Furniture and vehicles | 24 | - | €1,323 | +€1,323 | |
| Current assets | 29/58 | €51,917 | €43,481 | -€8,436 | -16.2% |
| Stocks and contracts in progress | 3 | €25,430 | €30,240 | +€4,810 | +18.9% |
| Stocks | 30/36 | €25,430 | €30,240 | +€4,810 | +18.9% |
| Amounts receivable within one year | 40/41 | €18,120 | €7,343 | -€10,777 | -59.5% |
| Trade receivables | 40 | €12,977 | €3,735 | -€9,242 | -71.2% |
| Other amounts receivable | 41 | €5,143 | €3,608 | -€1,535 | -29.8% |
| Cash at bank and in hand | 54/58 | €8,367 | €5,484 | -€2,883 | -34.5% |
| Deferred charges and accrued income | 490/1 | €0 | €414 | +€414 | |
| Total equity and liabilities | 10/49 | €51,917 | €44,803 | -€7,113 | -13.7% |
| Equity | 10/15 | €8,865 | -€3,573 | -€12,439 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135 | -€12,573 | -€12,439 | -9,229% |
| Amounts payable | 17/49 | €43,051 | €48,377 | +€5,325 | +12.4% |
| Amounts payable within one year | 42/48 | €43,051 | €48,377 | +€5,325 | +12.4% |
| Trade debts | 44 | €1,957 | €2,758 | +€801 | +40.9% |
| Suppliers | 440/4 | €1,957 | €2,758 | +€801 | +40.9% |
| Advances received on contracts in progress | 46 | €13,339 | - | -€13,339 | |
| Taxes, remuneration and social security | 45 | €206 | €69 | -€137 | -66.4% |
| Taxes | 450/3 | €206 | €69 | -€137 | -66.4% |
| Other amounts payable | 47/48 | €27,550 | €45,550 | +€18,000 | +65.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,711 | - | -€22,711 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €247 | +€247 | |
| Other operating charges | 640/8 | €789 | €1,695 | +€906 | +115% |
| Gross operating margin | 9900 | €801 | -€10,179 | -€10,981 | |
| Operating profit (loss) | 9901 | €12 | -€12,121 | -€12,134 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €78 | €318 | +€240 | +308% |
| Recurring financial charges | 65 | €78 | €318 | +€240 | +308% |
| Profit (loss) for the period before taxes | 9903 | -€66 | -€12,439 | -€12,373 | -18,827% |
| Income taxes | 67/77 | €69 | - | -€69 | |
| Profit (loss) for the period | 9904 | -€135 | -€12,439 | -€12,304 | -9,129% |
| Profit (loss) for the period to be appropriated | 9905 | -€135 | -€12,439 | -€12,304 | -9,129% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.