C-STUDIO: 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.
C-STUDIO
Largest movements
- Intangible fixed assets -€21,429
down €21,429 (-27.9%), from €76,764 to €55,335
- Debts after one year -€21,292
down €21,292 (-47.5%), from €44,870 to €23,577
- Trade debts -€6,907
down €6,907 (-41.2%), from €16,764 to €9,857
- Other debts +€3,070
up €3,070 (+51.2%), from €5,994 to €9,064
- Tax, wage and social debts +€2,772
up €2,772 (+22.3%), from €12,444 to €15,216
of which Taxes: +€2,452
- Profit (loss) carried forward -€1,137
down €1,137 (-2.8%), from -€40,144 to -€41,281
- Gross operating margin +€26,272
up €26,272, from -€1,115 to €25,157
- Financial charges -€1,677
down €1,677 (-30.6%), from €5,480 to €3,803
- Other operating charges -€909
down €909 (-46.1%), from €1,972 to €1,063
- Depreciation -€478
down €478 (-2.2%), from €21,907 to €21,429
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 | €83,002 | €60,631 | -€22,371 | -27.0% |
| Fixed assets | 21/28 | €76,764 | €55,335 | -€21,429 | -27.9% |
| Intangible fixed assets | 21 | €76,764 | €55,335 | -€21,429 | -27.9% |
| Current assets | 29/58 | €6,238 | €5,296 | -€942 | -15.1% |
| Amounts receivable within one year | 40/41 | €6,121 | €5,296 | -€825 | -13.5% |
| Trade receivables | 40 | €6,121 | €5,296 | -€825 | -13.5% |
| Cash at bank and in hand | 54/58 | €50 | €0 | -€50 | -100% |
| Deferred charges and accrued income | 490/1 | €67 | €0 | -€67 | -100% |
| Total equity and liabilities | 10/49 | €83,002 | €60,631 | -€22,371 | -27.0% |
| Equity | 10/15 | -€18,115 | -€19,253 | -€1,137 | -6.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,629 | €9,629 | = | 0.0% |
| Distributable reserves | 133 | €9,629 | €9,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,144 | -€41,281 | -€1,137 | -2.8% |
| Amounts payable | 17/49 | €101,117 | €79,884 | -€21,233 | -21.0% |
| Amounts payable after more than one year | 17 | €44,870 | €23,577 | -€21,292 | -47.5% |
| Financial debts | 170/4 | €44,870 | €23,577 | -€21,292 | -47.5% |
| Amounts payable within one year | 42/48 | €56,247 | €56,306 | +€59 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €21,045 | €21,292 | +€247 | +1.2% |
| Financial debts | 43 | - | €877 | +€877 | |
| Credit institutions | 430/8 | - | €877 | +€877 | |
| Trade debts | 44 | €16,764 | €9,857 | -€6,907 | -41.2% |
| Suppliers | 440/4 | €16,764 | €9,857 | -€6,907 | -41.2% |
| Taxes, remuneration and social security | 45 | €12,444 | €15,216 | +€2,772 | +22.3% |
| Taxes | 450/3 | €10,244 | €12,696 | +€2,452 | +23.9% |
| Remuneration and social security | 454/9 | €2,200 | €2,520 | +€320 | +14.5% |
| Other amounts payable | 47/48 | €5,994 | €9,064 | +€3,070 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,907 | €21,429 | -€478 | -2.2% |
| Other operating charges | 640/8 | €1,972 | €1,063 | -€909 | -46.1% |
| Gross operating margin | 9900 | -€1,115 | €25,157 | +€26,272 | |
| Operating profit (loss) | 9901 | -€24,993 | €2,666 | +€27,659 | |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €5,480 | €3,803 | -€1,677 | -30.6% |
| Recurring financial charges | 65 | €5,480 | €3,803 | -€1,677 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,469 | -€1,137 | +€29,332 | +96.3% |
| Profit (loss) for the period | 9904 | -€30,469 | -€1,137 | +€29,332 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,469 | -€1,137 | +€29,332 | +96.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.