E-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.
E-STUDIOS
Largest movements
- Cash +€11,377
up €11,377 (+207%), from €5,488 to €16,865
mainly Other debts (+€13,761) and Depreciation (+€8,681)
- Tangible fixed assets -€7,772
down €7,772 (-5.7%), from €135,349 to €127,576
of which Land and buildings: -€6,114
- Other debts +€13,761
up €13,761 (+23.6%), from €58,425 to €72,186
- Trade debts -€8,923
down €8,923 (-69.9%), from €12,757 to €3,835
- Debts after one year -€7,080
down €7,080 (-8.6%), from €82,263 to €75,183
- Accrued charges and deferred income +€5,754
new in 2025: €5,754
- Tax, wage and social debts -€4,987
down €4,987 (-44.7%), from €11,148 to €6,162
of which Taxes: -€2,971
- Depreciation -€9,674
down €9,674 (-52.7%), from €18,354 to €8,681
- Gross operating margin -€6,003
down €6,003 (-24.5%), from €24,511 to €18,509
- Taxes +€346
up €346, from -€346 to €0
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 | €141,523 | €145,100 | +€3,577 | +2.5% |
| Fixed assets | 21/28 | €135,349 | €127,576 | -€7,772 | -5.7% |
| Tangible fixed assets | 22/27 | €135,349 | €127,576 | -€7,772 | -5.7% |
| Land and buildings | 22 | €117,348 | €111,234 | -€6,114 | -5.2% |
| Plant, machinery and equipment | 23 | €18,001 | €15,516 | -€2,485 | -13.8% |
| Furniture and vehicles | 24 | - | €826 | +€826 | |
| Current assets | 29/58 | €6,175 | €17,524 | +€11,349 | +184% |
| Stocks and contracts in progress | 3 | €500 | €423 | -€77 | -15.4% |
| Stocks | 30/36 | €500 | €423 | -€77 | -15.4% |
| Amounts receivable within one year | 40/41 | €187 | €28 | -€159 | -84.9% |
| Trade receivables | 40 | €187 | €28 | -€159 | -84.9% |
| Cash at bank and in hand | 54/58 | €5,488 | €16,865 | +€11,377 | +207% |
| Deferred charges and accrued income | 490/1 | - | €208 | +€208 | |
| Total equity and liabilities | 10/49 | €141,523 | €145,100 | +€3,577 | +2.5% |
| Equity | 10/15 | -€29,882 | -€25,099 | +€4,782 | +16.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,282 | -€37,499 | +€4,782 | +11.3% |
| Amounts payable | 17/49 | €171,405 | €170,199 | -€1,206 | -0.7% |
| Amounts payable after more than one year | 17 | €82,263 | €75,183 | -€7,080 | -8.6% |
| Financial debts | 170/4 | €82,263 | €75,183 | -€7,080 | -8.6% |
| Amounts payable within one year | 42/48 | €89,142 | €89,262 | +€120 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €6,811 | €7,080 | +€269 | +4.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,757 | €3,835 | -€8,923 | -69.9% |
| Suppliers | 440/4 | €12,757 | €3,835 | -€8,923 | -69.9% |
| Taxes, remuneration and social security | 45 | €11,148 | €6,162 | -€4,987 | -44.7% |
| Taxes | 450/3 | €6,252 | €3,281 | -€2,971 | -47.5% |
| Remuneration and social security | 454/9 | €4,896 | €2,880 | -€2,016 | -41.2% |
| Other amounts payable | 47/48 | €58,425 | €72,186 | +€13,761 | +23.6% |
| Accrued charges and deferred income | 492/3 | - | €5,754 | +€5,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,354 | €8,681 | -€9,674 | -52.7% |
| Other operating charges | 640/8 | €1,179 | €1,207 | +€28 | +2.4% |
| Gross operating margin | 9900 | €24,511 | €18,509 | -€6,003 | -24.5% |
| Operating profit (loss) | 9901 | €4,978 | €8,621 | +€3,643 | +73.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,916 | €3,839 | -€77 | -2.0% |
| Recurring financial charges | 65 | €3,916 | €3,839 | -€77 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €1,062 | €4,782 | +€3,720 | +350% |
| Income taxes | 67/77 | -€346 | €0 | +€346 | |
| Profit (loss) for the period | 9904 | €1,409 | €4,782 | +€3,374 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €1,409 | €4,782 | +€3,374 | +239% |
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 20 October 2026 via checked.be.