AED Studios: what changed
What changed
AED Studios
NACE 90.312, Arts creation and performing arts activities
filed annual accounts (NBB)
Net result for the year
-€15,559
2024 · -€384,538+€368,978
Equity
€813,917
2024 · €829,476-€15,559
Cash
€894,313
2024 · €546,544+€347,769
Balance sheet total
€11.8m
2024 · €12.1m-€311,069
Largest movements
Assets
- Receivables within one year -€399,438
down €399,438 (-41.3%), from €967,020 to €567,582
of which Other amounts receivable: -€350,000
- Cash +€347,769
up €347,769 (+63.6%), from €546,544 to €894,313
mainly Depreciation (+€1.6m) and Trade debts (+€461,107)
- Tangible fixed assets -€316,647
down €316,647 (-3.0%), from €10.6m to €10.3m
of which Leasing and similar rights: -€542,110
Equity and liabilities
- Debts after one year -€833,840
down €833,840 (-10.0%), from €8.4m to €7.5m
of which Financial debts: -€833,840
- Trade debts +€461,107
up €461,107 (+192%), from €240,691 to €701,798
- Current portion of long-term debt +€213,628
up €213,628 (+15.7%), from €1.4m to €1.6m
Income statement
- Depreciation -€164,241
down €164,241 (-9.4%), from €1.7m to €1.6m
- Other operating income -€131,663
down €131,663 (-34.3%), from €383,496 to €251,833
- Services and other goods +€117,511
up €117,511 (+8.5%), from €1.4m to €1.5m
- Financial income +€100,211
up €100,211 (+36,290%), from €276 to €100,487
- Turnover +€88,950
up €88,950 (+2.2%), from €4.1m to €4.2m
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.
Result 2024
-€384,538
Turnover
+€88,950
Other operating income
-€131,663
Goods and materials
+€59,973
Services and other goods
-€117,511
Staff costs
-€52,261
Depreciation
+€164,241
Write-downs
-€9,933
Other operating charges
-€23,279
Other operating items
+€243,153
Financial income
+€100,211
Financial charges
+€47,201
Taxes
-€105
Result 2025
-€15,559
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.2m
Investment
-€1.3m
Financing
-€603,079
Cash 2024
€546,544
From operations (derived)
+€2.2m
Net result for the year
-€15,559
Depreciation
+€1.6m
Receivables within one year
+€399,438
Deferred charges and accrued income
-€57,246
Trade debts
+€461,107
Tax, wage and social debts
-€92,527
Accrued charges and deferred income
-€61,010
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€603,079
Debts after one year
-€833,840
Current portion of long-term debt
+€213,628
Short-term financial debts
+€17,132
Cash 2025
€894,313
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,119,645 | €11,808,576 | -€311,069 | -2.6% |
| Fixed assets | 21/28 | €10,575,102 | €10,258,455 | -€316,647 | -3.0% |
| Tangible fixed assets | 22/27 | €10,575,102 | €10,258,455 | -€316,647 | -3.0% |
| Land and buildings | 22 | €5,363,399 | €5,541,347 | +€177,948 | +3.3% |
| Plant, machinery and equipment | 23 | €255,765 | €221,778 | -€33,986 | -13.3% |
| Furniture and vehicles | 24 | €78,603 | €89,482 | +€10,879 | +13.8% |
| Leasing and similar rights | 25 | €2,039,855 | €1,497,745 | -€542,110 | -26.6% |
| Assets under construction and advance payments | 27 | €2,837,480 | €2,908,103 | +€70,623 | +2.5% |
| Current assets | 29/58 | €1,544,543 | €1,550,120 | +€5,577 | +0.4% |
| Amounts receivable within one year | 40/41 | €967,020 | €567,582 | -€399,438 | -41.3% |
| Trade receivables | 40 | €614,020 | €564,582 | -€49,438 | -8.1% |
| Other amounts receivable | 41 | €353,000 | €3,000 | -€350,000 | -99.2% |
| Cash at bank and in hand | 54/58 | €546,544 | €894,313 | +€347,769 | +63.6% |
| Deferred charges and accrued income | 490/1 | €30,979 | €88,226 | +€57,246 | +185% |
| Total equity and liabilities | 10/49 | €12,119,645 | €11,808,576 | -€311,069 | -2.6% |
| Equity | 10/15 | €829,476 | €813,917 | -€15,559 | -1.9% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €5,808 | €5,808 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,808 | €5,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,176,332 | -€1,191,891 | -€15,559 | -1.3% |
| Amounts payable | 17/49 | €11,290,169 | €10,994,659 | -€295,510 | -2.6% |
| Amounts payable after more than one year | 17 | €8,355,136 | €7,521,296 | -€833,840 | -10.0% |
| Financial debts | 170/4 | €7,155,136 | €6,321,296 | -€833,840 | -11.7% |
| Leasing and similar obligations | 172 | €2,089,332 | €1,409,175 | -€680,156 | -32.6% |
| Credit institutions | 173 | €5,065,804 | €4,912,121 | -€153,684 | -3.0% |
| Other amounts payable | 178/9 | €1,200,000 | €1,200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,874,023 | €3,473,363 | +€599,340 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €1,357,297 | €1,570,925 | +€213,628 | +15.7% |
| Financial debts | 43 | €1,104,054 | €1,121,186 | +€17,132 | +1.6% |
| Other loans | 439 | €1,104,054 | €1,121,186 | +€17,132 | +1.6% |
| Trade debts | 44 | €240,691 | €701,798 | +€461,107 | +192% |
| Suppliers | 440/4 | €240,691 | €701,798 | +€461,107 | +192% |
| Taxes, remuneration and social security | 45 | €164,781 | €72,254 | -€92,527 | -56.2% |
| Taxes | 450/3 | €126,987 | €33,791 | -€93,197 | -73.4% |
| Remuneration and social security | 454/9 | €37,794 | €38,463 | +€669 | +1.8% |
| Other amounts payable | 47/48 | €7,200 | €7,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €61,010 | - | -€61,010 | |
| Operating income | 70/76A | €4,459,829 | €4,548,484 | +€88,655 | +2.0% |
| Turnover | 70 | €4,066,841 | €4,155,791 | +€88,950 | +2.2% |
| Other operating income | 74 | €383,496 | €251,833 | -€131,663 | -34.3% |
| Non-recurring operating income | 76A | €9,492 | €140,860 | +€131,368 | +1,384% |
| Operating charges | 60/66A | €4,385,222 | €4,252,206 | -€133,016 | -3.0% |
| Goods for resale, raw materials and consumables | 60 | €473,556 | €413,583 | -€59,973 | -12.7% |
| Purchases | 600/8 | €473,556 | €413,583 | -€59,973 | -12.7% |
| Services and other goods | 61 | €1,388,458 | €1,505,970 | +€117,511 | +8.5% |
| Remuneration, social security and pensions | 62 | €372,100 | €424,360 | +€52,261 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,747,690 | €1,583,449 | -€164,241 | -9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,860 | €19,793 | +€9,933 | +101% |
| Other operating charges | 640/8 | €281,773 | €305,052 | +€23,279 | +8.3% |
| Non-recurring operating charges | 66A | €111,785 | - | -€111,785 | |
| Operating profit (loss) | 9901 | €74,606 | €296,278 | +€221,672 | +297% |
| Financial income | 75/76B | €276 | €100,487 | +€100,211 | +36,290% |
| Recurring financial income | 75 | €276 | €100,487 | +€100,211 | +36,290% |
| Other financial income | 752/9 | €276 | €100,487 | +€100,211 | +36,290% |
| Financial charges | 65/66B | €458,984 | €411,783 | -€47,201 | -10.3% |
| Recurring financial charges | 65 | €458,984 | €411,783 | -€47,201 | -10.3% |
| Debt charges | 650 | €454,837 | €409,323 | -€45,514 | -10.0% |
| Other financial charges | 652/9 | €4,147 | €2,461 | -€1,687 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€384,101 | -€15,018 | +€369,083 | +96.1% |
| Income taxes | 67/77 | €437 | €542 | +€105 | +24.0% |
| Taxes | 670/3 | €437 | €542 | +€105 | +24.0% |
| Profit (loss) for the period | 9904 | -€384,538 | -€15,559 | +€368,978 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€384,538 | -€15,559 | +€368,978 | +96.0% |
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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 4 November 2026 via checked.be.