BEN SLEDSENS STUDIOS: 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.
BEN SLEDSENS STUDIOS
Largest movements
- Cash -€411,531
down €411,531 (-53.6%), from €768,004 to €356,473
mainly Other debts (-€621,364) and Contributions, distributions and other (-€40,501)
- Tangible fixed assets -€87,004
down €87,004 (-6.4%), from €1.4m to €1.3m
of which Land and buildings: -€83,797
- Other debts -€621,364
down €621,364 (-38.8%), from €1.6m to €979,721
- Profit (loss) carried forward +€169,474
up €169,474 (+1,717%), from €9,873 to €179,347
- Debts after one year -€32,869
down €32,869 (-6.0%), from €551,915 to €519,046
- Gross operating margin -€1.1m
down €1.1m (-72.6%), from €1.5m to €400,042
- Taxes -€259,908
down €259,908 (-79.3%), from €327,902 to €67,994
- Financial charges -€21,844
down €21,844 (-69.9%), from €31,246 to €9,402
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 | €2,258,467 | €1,774,195 | -€484,271 | -21.4% |
| Fixed assets | 21/28 | €1,354,295 | €1,267,291 | -€87,004 | -6.4% |
| Tangible fixed assets | 22/27 | €1,354,295 | €1,267,291 | -€87,004 | -6.4% |
| Land and buildings | 22 | €1,326,123 | €1,242,326 | -€83,797 | -6.3% |
| Plant, machinery and equipment | 23 | €8,236 | €6,147 | -€2,089 | -25.4% |
| Furniture and vehicles | 24 | €19,936 | €18,818 | -€1,118 | -5.6% |
| Current assets | 29/58 | €904,172 | €506,904 | -€397,268 | -43.9% |
| Amounts receivable within one year | 40/41 | €136,168 | €150,431 | +€14,263 | +10.5% |
| Trade receivables | 40 | €32,455 | €16,327 | -€16,128 | -49.7% |
| Other amounts receivable | 41 | €103,713 | €134,104 | +€30,391 | +29.3% |
| Cash at bank and in hand | 54/58 | €768,004 | €356,473 | -€411,531 | -53.6% |
| Total equity and liabilities | 10/49 | €2,258,467 | €1,774,195 | -€484,271 | -21.4% |
| Equity | 10/15 | €28,556 | €207,903 | +€179,347 | +628% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83 | €9,956 | +€9,873 | +11,852% |
| Tax-exempt reserves | 132 | €83 | €83 | = | 0.0% |
| Distributable reserves | 133 | - | €9,873 | +€9,873 | |
| Profit (loss) carried forward | 14 | €9,873 | €179,347 | +€169,474 | +1,717% |
| Amounts payable | 17/49 | €2,229,911 | €1,566,293 | -€663,618 | -29.8% |
| Amounts payable after more than one year | 17 | €551,915 | €519,046 | -€32,869 | -6.0% |
| Financial debts | 170/4 | €551,915 | €519,046 | -€32,869 | -6.0% |
| Amounts payable within one year | 42/48 | €1,677,996 | €1,047,246 | -€630,749 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €32,462 | €32,869 | +€407 | +1.3% |
| Trade debts | 44 | €37,379 | €17,698 | -€19,681 | -52.7% |
| Suppliers | 440/4 | €37,379 | €17,698 | -€19,681 | -52.7% |
| Taxes, remuneration and social security | 45 | €7,069 | €16,958 | +€9,889 | +140% |
| Taxes | 450/3 | €7,069 | €16,958 | +€9,889 | +140% |
| Other amounts payable | 47/48 | €1,601,086 | €979,721 | -€621,364 | -38.8% |
| Non-recurring operating income | 76A | - | €775 | +€775 | |
| Remuneration, social security and pensions | 62 | - | €1,928 | +€1,928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,940 | €97,515 | -€4,425 | -4.3% |
| Other operating charges | 640/8 | €3,631 | €3,669 | +€38 | +1.0% |
| Gross operating margin | 9900 | €1,461,291 | €400,042 | -€1.1m | -72.6% |
| Operating profit (loss) | 9901 | €1,355,720 | €296,931 | -€1.1m | -78.1% |
| Financial income | 75/76B | €4,095 | €313 | -€3,782 | -92.4% |
| Recurring financial income | 75 | €1 | €313 | +€312 | +48,795% |
| Non-recurring financial income | 76B | €4,094 | - | -€4,094 | |
| Financial charges | 65/66B | €31,246 | €9,402 | -€21,844 | -69.9% |
| Recurring financial charges | 65 | €31,246 | €9,402 | -€21,844 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €1,328,569 | €287,842 | -€1.0m | -78.3% |
| Income taxes | 67/77 | €327,902 | €67,994 | -€259,908 | -79.3% |
| Profit (loss) for the period | 9904 | €1,000,667 | €219,848 | -€780,820 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,000,667 | €219,848 | -€780,820 | -78.0% |
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 18 October 2026 via checked.be.