Alaska Studio's: 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.
What changed
Alaska Studio's
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€4,464
2025 · €63,054-€67,518
Equity
€605,535
2025 · €609,999-€4,464
Cash
€90,439
2025 · €106,312-€15,873
Balance sheet total
€2.8m
2025 · €2.8m-€14,780
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€29,162
down €29,162 (-13.3%), from €219,877 to €190,715
- Financial charges +€19,392
up €19,392 (+46.7%), from €41,489 to €60,881
- Other operating charges +€10,921
up €10,921 (+842%), from €1,298 to €12,219
- Depreciation +€10,521
up €10,521 (+9.4%), from €111,561 to €122,082
From the 2025 result to the 2026 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.
Result 2025
€63,054
Gross operating margin
-€29,162
Staff costs
+€1,154
Depreciation
-€10,521
Other operating charges
-€10,921
Financial income
-€7
Financial charges
-€19,392
Taxes
+€1,331
Result 2026
-€4,464
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€138,503
Investment
-€147,843
Financing
-€6,533
Cash 2025
€106,312
From operations (derived)
+€138,503
Net result for the year
-€4,464
Depreciation
+€122,082
Receivables within one year
+€25,843
Deferred charges and accrued income
-€1,175
Trade debts
-€7,206
Tax, wage and social debts
-€2,074
Other debts
+€5,497
Investment (derived)
-€147,843
Investment in fixed assets (net)
-€147,843
Financing
-€6,533
Debts after one year
-€6,740
Current portion of long-term debt
+€207
Cash 2026
€90,439
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,777,930 | €2,763,150 | -€14,780 | -0.5% |
| Formation expenses | 20 | €1,629 | €1,086 | -€543 | -33.3% |
| Fixed assets | 21/28 | €2,620,131 | €2,646,436 | +€26,304 | +1.0% |
| Intangible fixed assets | 21 | €2,177 | €1,496 | -€681 | -31.3% |
| Tangible fixed assets | 22/27 | €2,617,704 | €2,644,689 | +€26,985 | +1.0% |
| Land and buildings | 22 | €2,577,688 | €2,606,956 | +€29,268 | +1.1% |
| Plant, machinery and equipment | 23 | €36,102 | €30,956 | -€5,146 | -14.3% |
| Furniture and vehicles | 24 | €3,914 | €6,777 | +€2,863 | +73.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €156,169 | €115,628 | -€40,541 | -26.0% |
| Amounts receivable within one year | 40/41 | €49,857 | €24,014 | -€25,843 | -51.8% |
| Trade receivables | 40 | €49,857 | €20,014 | -€29,843 | -59.9% |
| Other amounts receivable | 41 | €0 | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €106,312 | €90,439 | -€15,873 | -14.9% |
| Deferred charges and accrued income | 490/1 | - | €1,175 | +€1,175 | |
| Total equity and liabilities | 10/49 | €2,777,930 | €2,763,150 | -€14,780 | -0.5% |
| Equity | 10/15 | €609,999 | €605,535 | -€4,464 | -0.7% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Capital | 10 | €510,000 | €510,000 | = | 0.0% |
| Issued capital | 100 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | €99,999 | €95,535 | -€4,464 | -4.5% |
| Non-distributable reserves | 130/1 | €51,000 | €51,000 | = | 0.0% |
| Legal reserve | 130 | €51,000 | €51,000 | = | 0.0% |
| Distributable reserves | 133 | €48,999 | €44,535 | -€4,464 | -9.1% |
| Amounts payable | 17/49 | €2,167,931 | €2,157,615 | -€10,316 | -0.5% |
| Amounts payable after more than one year | 17 | €2,017,562 | €2,010,822 | -€6,740 | -0.3% |
| Financial debts | 170/4 | €2,017,562 | €2,010,822 | -€6,740 | -0.3% |
| Amounts payable within one year | 42/48 | €150,369 | €146,793 | -€3,576 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €91,344 | €91,551 | +€207 | +0.2% |
| Trade debts | 44 | €39,275 | €32,068 | -€7,206 | -18.3% |
| Suppliers | 440/4 | €39,275 | €32,068 | -€7,206 | -18.3% |
| Taxes, remuneration and social security | 45 | €14,360 | €12,287 | -€2,074 | -14.4% |
| Taxes | 450/3 | €14,360 | €12,287 | -€2,074 | -14.4% |
| Other amounts payable | 47/48 | €5,390 | €10,887 | +€5,497 | +102% |
| Remuneration, social security and pensions | 62 | €1,154 | €0 | -€1,154 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,561 | €122,082 | +€10,521 | +9.4% |
| Other operating charges | 640/8 | €1,298 | €12,219 | +€10,921 | +842% |
| Gross operating margin | 9900 | €219,877 | €190,715 | -€29,162 | -13.3% |
| Operating profit (loss) | 9901 | €105,865 | €56,415 | -€49,450 | -46.7% |
| Financial income | 75/76B | €9 | €2 | -€7 | -78.7% |
| Recurring financial income | 75 | €9 | €2 | -€7 | -78.7% |
| Financial charges | 65/66B | €41,489 | €60,881 | +€19,392 | +46.7% |
| Recurring financial charges | 65 | €41,489 | €60,881 | +€19,392 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €64,385 | -€4,464 | -€68,848 | |
| Income taxes | 67/77 | €1,331 | €0 | -€1,331 | -100% |
| Profit (loss) for the period | 9904 | €63,054 | -€4,464 | -€67,518 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,054 | -€4,464 | -€67,518 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.