CRAFT 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.
CRAFT STUDIO
Largest movements
- Tangible fixed assets -€12,862
down €12,862 (-33.9%), from €37,961 to €25,098
of which Furniture and vehicles: -€12,193
- Cash -€9,893
down €9,893 (-27.6%), from €35,829 to €25,936
mainly Contributions, distributions and other (-€15,329) and Debts after one year (-€6,371)
- Receivables within one year +€3,654
up €3,654 (+8.8%), from €41,382 to €45,036
of which Other amounts receivable: +€2,400
- Reserves -€8,750
down €8,750 (-12.1%), from €72,495 to €63,745
- Debts after one year -€6,371
down €6,371 (-56.6%), from €11,260 to €4,889
- Trade debts -€3,439
down €3,439 (-44.5%), from €7,727 to €4,288
- Other debts +€3,065
up €3,065 (+102.6%), from €2,987 to €6,052
- Tax, wage and social debts -€2,237
down €2,237 (-28.8%), from €7,776 to €5,539
- Gross operating margin +€2,543
up €2,543 (+13.4%), from €18,936 to €21,479
- Taxes +€819
up €819 (+44.6%), from €1,837 to €2,656
- Depreciation -€282
down €282 (-2.1%), from €13,144 to €12,862
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 | €116,514 | €97,522 | -€18,992 | -16.3% |
| Fixed assets | 21/28 | €38,211 | €25,348 | -€12,862 | -33.7% |
| Tangible fixed assets | 22/27 | €37,961 | €25,098 | -€12,862 | -33.9% |
| Plant, machinery and equipment | 23 | €1,429 | €760 | -€669 | -46.8% |
| Furniture and vehicles | 24 | €36,531 | €24,338 | -€12,193 | -33.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €78,303 | €72,174 | -€6,130 | -7.8% |
| Amounts receivable within one year | 40/41 | €41,382 | €45,036 | +€3,654 | +8.8% |
| Trade receivables | 40 | €41,382 | €42,636 | +€1,254 | +3.0% |
| Other amounts receivable | 41 | - | €2,400 | +€2,400 | |
| Cash at bank and in hand | 54/58 | €35,829 | €25,936 | -€9,893 | -27.6% |
| Deferred charges and accrued income | 490/1 | €1,092 | €1,202 | +€110 | +10.0% |
| Total equity and liabilities | 10/49 | €116,514 | €97,522 | -€18,992 | -16.3% |
| Equity | 10/15 | €80,557 | €69,946 | -€10,611 | -13.2% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Reserves | 13 | €72,495 | €63,745 | -€8,750 | -12.1% |
| Distributable reserves | 133 | €72,495 | €63,745 | -€8,750 | -12.1% |
| Profit (loss) carried forward | 14 | €2 | €1 | -€1 | -39.7% |
| Amounts payable | 17/49 | €35,956 | €27,575 | -€8,381 | -23.3% |
| Amounts payable after more than one year | 17 | €11,260 | €4,889 | -€6,371 | -56.6% |
| Financial debts | 170/4 | €11,260 | €4,889 | -€6,371 | -56.6% |
| Amounts payable within one year | 42/48 | €24,696 | €22,250 | -€2,447 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €6,207 | €6,371 | +€165 | +2.7% |
| Trade debts | 44 | €7,727 | €4,288 | -€3,439 | -44.5% |
| Suppliers | 440/4 | €7,727 | €4,288 | -€3,439 | -44.5% |
| Taxes, remuneration and social security | 45 | €7,776 | €5,539 | -€2,237 | -28.8% |
| Taxes | 450/3 | €7,776 | €5,539 | -€2,237 | -28.8% |
| Other amounts payable | 47/48 | €2,987 | €6,052 | +€3,065 | +102.6% |
| Accrued charges and deferred income | 492/3 | - | €437 | +€437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,144 | €12,862 | -€282 | -2.1% |
| Other operating charges | 640/8 | €734 | €754 | +€20 | +2.8% |
| Gross operating margin | 9900 | €18,936 | €21,479 | +€2,543 | +13.4% |
| Operating profit (loss) | 9901 | €5,058 | €7,863 | +€2,805 | +55.4% |
| Financial income | 75/76B | €7 | €12 | +€4 | +57.3% |
| Recurring financial income | 75 | €7 | €12 | +€4 | +57.3% |
| Financial charges | 65/66B | €703 | €501 | -€203 | -28.8% |
| Recurring financial charges | 65 | €703 | €501 | -€203 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €4,362 | €7,374 | +€3,011 | +69.0% |
| Income taxes | 67/77 | €1,837 | €2,656 | +€819 | +44.6% |
| Profit (loss) for the period | 9904 | €2,525 | €4,718 | +€2,193 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,525 | €4,718 | +€2,193 | +86.8% |
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 5 October 2026 via checked.be.