AE Studio: 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.
AE Studio
Largest movements
- Receivables within one year -€20,781
down €20,781 (-57.0%), from €36,440 to €15,659
of which Other amounts receivable: -€14,417
- Cash +€17,568
up €17,568 (+275%), from €6,390 to €23,958
mainly Receivables within one year (+€20,781) and Depreciation (+€17,254)
- Tangible fixed assets -€12,942
down €12,942 (-22.6%), from €57,308 to €44,366
of which Other tangible fixed assets: -€8,480
- Stocks and contracts +€1,500
new in 2025: €1,500
- Reserves -€16,782
down €16,782 (-28.4%), from €59,106 to €42,324
- Tax, wage and social debts +€7,987
up €7,987 (+63.2%), from €12,632 to €20,619
- Debts after one year -€5,746
no longer reported in 2025 (was €5,746)
- Trade debts +€4,039
up €4,039 (+91.7%), from €4,405 to €8,443
- Current portion of long-term debt -€3,148
down €3,148 (-16.7%), from €18,894 to €15,746
- Gross operating margin -€19,980
down €19,980 (-42.6%), from €46,922 to €26,942
- Taxes -€3,655
down €3,655 (-54.2%), from €6,744 to €3,090
- Other operating charges -€2,879
down €2,879 (-53.8%), from €5,354 to €2,475
- Financial charges +€583
up €583 (+44.0%), from €1,327 to €1,910
- Depreciation +€486
up €486 (+2.9%), from €16,768 to €17,254
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 | €103,182 | €89,532 | -€13,651 | -13.2% |
| Fixed assets | 21/28 | €57,308 | €44,366 | -€12,942 | -22.6% |
| Tangible fixed assets | 22/27 | €57,308 | €44,366 | -€12,942 | -22.6% |
| Furniture and vehicles | 24 | €10,036 | €5,575 | -€4,462 | -44.5% |
| Other tangible fixed assets | 26 | €47,272 | €38,791 | -€8,480 | -17.9% |
| Current assets | 29/58 | €45,874 | €45,166 | -€709 | -1.5% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €36,440 | €15,659 | -€20,781 | -57.0% |
| Trade receivables | 40 | €6,364 | - | -€6,364 | |
| Other amounts receivable | 41 | €30,076 | €15,659 | -€14,417 | -47.9% |
| Cash at bank and in hand | 54/58 | €6,390 | €23,958 | +€17,568 | +275% |
| Deferred charges and accrued income | 490/1 | €3,044 | €4,048 | +€1,005 | +33.0% |
| Total equity and liabilities | 10/49 | €103,182 | €89,532 | -€13,651 | -13.2% |
| Equity | 10/15 | €61,506 | €44,724 | -€16,782 | -27.3% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €59,106 | €42,324 | -€16,782 | -28.4% |
| Distributable reserves | 133 | €59,106 | €42,324 | -€16,782 | -28.4% |
| Amounts payable | 17/49 | €41,676 | €44,808 | +€3,132 | +7.5% |
| Amounts payable after more than one year | 17 | €5,746 | - | -€5,746 | |
| Financial debts | 170/4 | €5,746 | - | -€5,746 | |
| Amounts payable within one year | 42/48 | €35,930 | €44,808 | +€8,878 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €18,894 | €15,746 | -€3,148 | -16.7% |
| Trade debts | 44 | €4,405 | €8,443 | +€4,039 | +91.7% |
| Suppliers | 440/4 | €4,405 | €8,443 | +€4,039 | +91.7% |
| Taxes, remuneration and social security | 45 | €12,632 | €20,619 | +€7,987 | +63.2% |
| Taxes | 450/3 | €12,632 | €20,619 | +€7,987 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,768 | €17,254 | +€486 | +2.9% |
| Other operating charges | 640/8 | €5,354 | €2,475 | -€2,879 | -53.8% |
| Gross operating margin | 9900 | €46,922 | €26,942 | -€19,980 | -42.6% |
| Operating profit (loss) | 9901 | €24,800 | €7,213 | -€17,588 | -70.9% |
| Financial income | 75/76B | €1,351 | €1,005 | -€346 | -25.6% |
| Recurring financial income | 75 | €1,351 | €1,005 | -€346 | -25.6% |
| Financial charges | 65/66B | €1,327 | €1,910 | +€583 | +44.0% |
| Recurring financial charges | 65 | €1,327 | €1,910 | +€583 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €24,824 | €6,307 | -€18,517 | -74.6% |
| Income taxes | 67/77 | €6,744 | €3,090 | -€3,655 | -54.2% |
| Profit (loss) for the period | 9904 | €18,080 | €3,218 | -€14,863 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,080 | €3,218 | -€14,863 | -82.2% |
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 27 October 2026 via checked.be.