BVG Studio: 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.
BVG Studio
Largest movements
- Cash +€4,640
up €4,640 (+210.6%), from €2,203 to €6,843
mainly Net result for the year (+€3,823) and Depreciation (+€2,214)
- Tangible fixed assets -€2,214
down €2,214 (-23.1%), from €9,587 to €7,373
of which Other tangible fixed assets: -€1,403
- Receivables within one year -€855
down €855 (-16.7%), from €5,128 to €4,273
- Other debts -€4,485
down €4,485 (-31.9%), from €14,040 to €9,555
- Profit (loss) carried forward +€3,823
up €3,823 (+52.0%), from -€7,351 to -€3,528
- Trade debts +€1,458
up €1,458 (+101.0%), from €1,444 to €2,902
- Tax, wage and social debts +€775
up €775 (+106.9%), from €725 to €1,500
- Gross operating margin -€6,534
down €6,534 (-49.8%), from €13,113 to €6,579
- Depreciation -€2,320
down €2,320 (-51.2%), from €4,534 to €2,214
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 | €16,918 | €18,489 | +€1,571 | +9.3% |
| Fixed assets | 21/28 | €9,587 | €7,373 | -€2,214 | -23.1% |
| Tangible fixed assets | 22/27 | €9,587 | €7,373 | -€2,214 | -23.1% |
| Plant, machinery and equipment | 23 | €1,699 | €888 | -€811 | -47.7% |
| Other tangible fixed assets | 26 | €7,888 | €6,485 | -€1,403 | -17.8% |
| Current assets | 29/58 | €7,331 | €11,116 | +€3,785 | +51.6% |
| Amounts receivable within one year | 40/41 | €5,128 | €4,273 | -€855 | -16.7% |
| Trade receivables | 40 | €5,128 | €4,273 | -€855 | -16.7% |
| Cash at bank and in hand | 54/58 | €2,203 | €6,843 | +€4,640 | +210.6% |
| Total equity and liabilities | 10/49 | €16,918 | €18,489 | +€1,571 | +9.3% |
| Equity | 10/15 | €709 | €4,532 | +€3,823 | +539.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,351 | -€3,528 | +€3,823 | +52.0% |
| Amounts payable | 17/49 | €16,209 | €13,957 | -€2,252 | -13.9% |
| Amounts payable within one year | 42/48 | €16,209 | €13,957 | -€2,252 | -13.9% |
| Trade debts | 44 | €1,444 | €2,902 | +€1,458 | +101.0% |
| Suppliers | 440/4 | €1,444 | €2,902 | +€1,458 | +101.0% |
| Taxes, remuneration and social security | 45 | €725 | €1,500 | +€775 | +106.9% |
| Taxes | 450/3 | €725 | €1,500 | +€775 | +106.9% |
| Other amounts payable | 47/48 | €14,040 | €9,555 | -€4,485 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,534 | €2,214 | -€2,320 | -51.2% |
| Gross operating margin | 9900 | €13,113 | €6,579 | -€6,534 | -49.8% |
| Operating profit (loss) | 9901 | €8,579 | €4,365 | -€4,214 | -49.1% |
| Financial charges | 65/66B | €228 | €222 | -€6 | -2.6% |
| Recurring financial charges | 65 | €228 | €222 | -€6 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €8,351 | €4,143 | -€4,208 | -50.4% |
| Income taxes | 67/77 | €249 | €320 | +€71 | +28.5% |
| Profit (loss) for the period | 9904 | €8,102 | €3,823 | -€4,279 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,102 | €3,823 | -€4,279 | -52.8% |
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 8 October 2026 via checked.be.