Bow STUDIOS: what changed
Two fiscal 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.
Bow STUDIOS
Largest movements
- Cash -€55,351
down €55,351 (-28.6%), from €193,365 to €138,014
mainly Net result for the year (-€63,017)
- Tangible fixed assets -€2,403
down €2,403 (-49.5%), from €4,850 to €2,447
- Profit (loss) carried forward -€63,017
new in 2025: -€63,017
- Other debts +€3,461
up €3,461 (+18.3%), from €18,959 to €22,420
- Gross operating margin -€77,433
down €77,433, from €17,217 to -€60,216
- Taxes -€4,756
down €4,756, from €4,740 to -€17
- Depreciation +€1,009
up €1,009 (+72.4%), from €1,394 to €2,403
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.
Cash bridge derived
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 | €202,702 | €144,420 | -€58,281 | -28.8% |
| Fixed assets | 21/28 | €4,941 | €2,538 | -€2,403 | -48.6% |
| Tangible fixed assets | 22/27 | €4,850 | €2,447 | -€2,403 | -49.5% |
| Furniture and vehicles | 24 | €4,850 | €2,447 | -€2,403 | -49.5% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €197,760 | €141,882 | -€55,878 | -28.3% |
| Amounts receivable within one year | 40/41 | €4,095 | €3,717 | -€378 | -9.2% |
| Trade receivables | 40 | €2,395 | €922 | -€1,473 | -61.5% |
| Other amounts receivable | 41 | €1,701 | €2,795 | +€1,095 | +64.4% |
| Cash at bank and in hand | 54/58 | €193,365 | €138,014 | -€55,351 | -28.6% |
| Deferred charges and accrued income | 490/1 | €300 | €151 | -€149 | -49.6% |
| Total equity and liabilities | 10/49 | €202,702 | €144,420 | -€58,281 | -28.8% |
| Equity | 10/15 | €165,415 | €102,398 | -€63,017 | -38.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €162,415 | €162,415 | = | 0.0% |
| Distributable reserves | 133 | €162,415 | €162,415 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€63,017 | -€63,017 | |
| Amounts payable | 17/49 | €37,286 | €42,022 | +€4,736 | +12.7% |
| Amounts payable within one year | 42/48 | €37,286 | €42,022 | +€4,736 | +12.7% |
| Trade debts | 44 | €14,065 | €15,356 | +€1,291 | +9.2% |
| Suppliers | 440/4 | €14,065 | €15,356 | +€1,291 | +9.2% |
| Taxes, remuneration and social security | 45 | €4,263 | €4,246 | -€17 | -0.4% |
| Taxes | 450/3 | €4,263 | €4,246 | -€17 | -0.4% |
| Other amounts payable | 47/48 | €18,959 | €22,420 | +€3,461 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,394 | €2,403 | +€1,009 | +72.4% |
| Gross operating margin | 9900 | €17,217 | -€60,216 | -€77,433 | |
| Operating profit (loss) | 9901 | €15,822 | -€62,619 | -€78,442 | |
| Financial income | 75/76B | €319 | €19 | -€300 | -94.1% |
| Recurring financial income | 75 | €319 | €19 | -€300 | -94.1% |
| Financial charges | 65/66B | €424 | €433 | +€9 | +2.1% |
| Recurring financial charges | 65 | €424 | €433 | +€9 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €15,717 | -€63,034 | -€78,751 | |
| Income taxes | 67/77 | €4,740 | -€17 | -€4,756 | |
| Profit (loss) for the period | 9904 | €10,977 | -€63,017 | -€73,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,977 | -€63,017 | -€73,995 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.