B&J 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.
B&J Studio's
Largest movements
- Tangible fixed assets -€92,102
down €92,102 (-6.0%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€73,284
- Receivables within one year -€54,687
down €54,687 (-62.9%), from €86,897 to €32,209
of which Trade receivables: -€41,087
- Stocks and contracts +€50,000
new in 2026: €50,000
- Cash -€24,461
down €24,461 (-57.7%), from €42,379 to €17,918
mainly Debts after one year (-€484,270) and Investment in fixed assets (net) (-€54,472)
- Debts after one year -€484,270
down €484,270 (-43.9%), from €1.1m to €619,636
- Current portion of long-term debt +€372,185
up €372,185 (+344%), from €108,279 to €480,463
- Short-term financial debts +€100,938
up €100,938 (+82,325%), from €123 to €101,061
- Profit (loss) carried forward -€51,568
down €51,568 (-18.8%), from €274,703 to €223,135
- Trade debts -€31,124
down €31,124 (-77.0%), from €40,419 to €9,295
- Financial income -€91,541
down €91,541 (-100%), from €91,541 to €0
of which Non-recurring financial income: -€91,111
- Financial charges -€26,858
down €26,858 (-26.1%), from €102,775 to €75,917
of which Non-recurring financial charges: -€39,379
- Other operating charges -€18,097
down €18,097 (-84.2%), from €21,498 to €3,401
- Gross operating margin +€17,465
up €17,465 (+10.9%), from €160,000 to €177,465
- Depreciation -€9,932
down €9,932 (-6.3%), from €156,507 to €146,574
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,669,860 | €1,564,737 | -€105,123 | -6.3% |
| Fixed assets | 21/28 | €1,536,208 | €1,444,106 | -€92,102 | -6.0% |
| Tangible fixed assets | 22/27 | €1,536,208 | €1,444,106 | -€92,102 | -6.0% |
| Land and buildings | 22 | €1,222,105 | €1,188,811 | -€33,295 | -2.7% |
| Plant, machinery and equipment | 23 | €236,786 | €163,503 | -€73,284 | -30.9% |
| Furniture and vehicles | 24 | €77,317 | €91,793 | +€14,476 | +18.7% |
| Current assets | 29/58 | €133,652 | €120,631 | -€13,021 | -9.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €50,000 | +€50,000 | |
| Stocks | 30/36 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €86,897 | €32,209 | -€54,687 | -62.9% |
| Trade receivables | 40 | €72,800 | €31,713 | -€41,087 | -56.4% |
| Other amounts receivable | 41 | €14,096 | €496 | -€13,600 | -96.5% |
| Cash at bank and in hand | 54/58 | €42,379 | €17,918 | -€24,461 | -57.7% |
| Deferred charges and accrued income | 490/1 | €4,376 | €20,504 | +€16,128 | +369% |
| Total equity and liabilities | 10/49 | €1,669,860 | €1,564,737 | -€105,123 | -6.3% |
| Equity | 10/15 | €275,803 | €224,235 | -€51,568 | -18.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,703 | €223,135 | -€51,568 | -18.8% |
| Amounts payable | 17/49 | €1,394,056 | €1,340,502 | -€53,554 | -3.8% |
| Amounts payable after more than one year | 17 | €1,103,906 | €619,636 | -€484,270 | -43.9% |
| Financial debts | 170/4 | €1,103,906 | €619,636 | -€484,270 | -43.9% |
| Amounts payable within one year | 42/48 | €270,528 | €720,866 | +€450,337 | +166% |
| Current portion of amounts payable after more than one year | 42 | €108,279 | €480,463 | +€372,185 | +344% |
| Financial debts | 43 | €123 | €101,061 | +€100,938 | +82,325% |
| Credit institutions | 430/8 | €123 | €101,061 | +€100,938 | +82,325% |
| Trade debts | 44 | €40,419 | €9,295 | -€31,124 | -77.0% |
| Suppliers | 440/4 | €40,419 | €9,295 | -€31,124 | -77.0% |
| Taxes, remuneration and social security | 45 | - | €23,255 | +€23,255 | |
| Taxes | 450/3 | - | €20,755 | +€20,755 | |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €121,708 | €106,792 | -€14,916 | -12.3% |
| Accrued charges and deferred income | 492/3 | €19,622 | - | -€19,622 | |
| Non-recurring operating income | 76A | - | €9,496 | +€9,496 | |
| Remuneration, social security and pensions | 62 | €184 | €0 | -€184 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,507 | €146,574 | -€9,932 | -6.3% |
| Other operating charges | 640/8 | €21,498 | €3,401 | -€18,097 | -84.2% |
| Non-recurring operating charges | 66A | €2,991 | €2,638 | -€354 | -11.8% |
| Gross operating margin | 9900 | €160,000 | €177,465 | +€17,465 | +10.9% |
| Operating profit (loss) | 9901 | -€21,180 | €24,852 | +€46,032 | |
| Financial income | 75/76B | €91,541 | €0 | -€91,541 | -100% |
| Recurring financial income | 75 | €430 | €0 | -€430 | -100% |
| Non-recurring financial income | 76B | €91,111 | - | -€91,111 | |
| Financial charges | 65/66B | €102,775 | €75,917 | -€26,858 | -26.1% |
| Recurring financial charges | 65 | €63,396 | €75,917 | +€12,520 | +19.7% |
| Non-recurring financial charges | 66B | €39,379 | - | -€39,379 | |
| Profit (loss) for the period before taxes | 9903 | -€32,414 | -€51,065 | -€18,650 | -57.5% |
| Income taxes | 67/77 | €404 | €504 | +€100 | +24.9% |
| Profit (loss) for the period | 9904 | -€32,818 | -€51,568 | -€18,751 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,818 | -€51,568 | -€18,751 | -57.1% |
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 26 October 2026 via checked.be.