EAU'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.
EAU'STUDIO
Largest movements
- Cash -€35,431
down €35,431 (-31.6%), from €112,300 to €76,869
mainly Net result for the year (-€251,898) and Investment in fixed assets (net) (-€143,046)
- Profit (loss) carried forward -€251,898
down €251,898 (-42.4%), from -€594,236 to -€846,134
- Debts after one year +€140,000
up €140,000 (+6.6%), from €2.1m to €2.3m
- Accrued charges and deferred income +€64,637
up €64,637 (+37.6%), from €171,773 to €236,411
- Depreciation +€34,357
up €34,357 (+27.4%), from €125,553 to €159,909
- Financial charges +€25,169
up €25,169 (+61.7%), from €40,814 to €65,983
- Gross operating margin -€14,957
down €14,957 (-581.9%), from -€2,570 to -€17,527
- Other operating charges -€3,668
down €3,668 (-30.1%), from €12,193 to €8,524
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 | €1,826,105 | €1,772,657 | -€53,448 | -2.9% |
| Fixed assets | 21/28 | €1,683,139 | €1,666,277 | -€16,863 | -1.0% |
| Intangible fixed assets | 21 | €15,184 | €10,624 | -€4,560 | -30.0% |
| Tangible fixed assets | 22/27 | €1,666,955 | €1,654,652 | -€12,303 | -0.7% |
| Land and buildings | 22 | €1,299,823 | €1,272,770 | -€27,053 | -2.1% |
| Plant, machinery and equipment | 23 | €243,180 | €240,576 | -€2,604 | -1.1% |
| Furniture and vehicles | 24 | €93,580 | €95,615 | +€2,036 | +2.2% |
| Other tangible fixed assets | 26 | €16,968 | €15,052 | -€1,916 | -11.3% |
| Assets under construction and advance payments | 27 | €13,405 | €30,639 | +€17,234 | +128.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €142,965 | €106,381 | -€36,585 | -25.6% |
| Amounts receivable within one year | 40/41 | €28,649 | €26,745 | -€1,903 | -6.6% |
| Trade receivables | 40 | €18,201 | €16,986 | -€1,215 | -6.7% |
| Other amounts receivable | 41 | €10,448 | €9,759 | -€689 | -6.6% |
| Cash at bank and in hand | 54/58 | €112,300 | €76,869 | -€35,431 | -31.6% |
| Deferred charges and accrued income | 490/1 | €2,017 | €2,766 | +€750 | +37.2% |
| Total equity and liabilities | 10/49 | €1,826,105 | €1,772,657 | -€53,448 | -2.9% |
| Equity | 10/15 | -€557,036 | -€808,934 | -€251,898 | -45.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€594,236 | -€846,134 | -€251,898 | -42.4% |
| Amounts payable | 17/49 | €2,383,141 | €2,581,591 | +€198,450 | +8.3% |
| Amounts payable after more than one year | 17 | €2,120,000 | €2,260,000 | +€140,000 | +6.6% |
| Financial debts | 170/4 | €2,120,000 | €2,260,000 | +€140,000 | +6.6% |
| Amounts payable within one year | 42/48 | €91,367 | €85,180 | -€6,187 | -6.8% |
| Trade debts | 44 | €75,473 | €69,878 | -€5,595 | -7.4% |
| Suppliers | 440/4 | €75,473 | €69,878 | -€5,595 | -7.4% |
| Taxes, remuneration and social security | 45 | €4,182 | €6,606 | +€2,424 | +58.0% |
| Taxes | 450/3 | €4,182 | €6,606 | +€2,424 | +58.0% |
| Other amounts payable | 47/48 | €11,713 | €8,697 | -€3,017 | -25.8% |
| Accrued charges and deferred income | 492/3 | €171,773 | €236,411 | +€64,637 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,553 | €159,909 | +€34,357 | +27.4% |
| Other operating charges | 640/8 | €12,193 | €8,524 | -€3,668 | -30.1% |
| Gross operating margin | 9900 | -€2,570 | -€17,527 | -€14,957 | -581.9% |
| Operating profit (loss) | 9901 | -€140,315 | -€185,960 | -€45,645 | -32.5% |
| Financial income | 75/76B | €69 | €46 | -€23 | -33.1% |
| Recurring financial income | 75 | €69 | €46 | -€23 | -33.1% |
| Financial charges | 65/66B | €40,814 | €65,983 | +€25,169 | +61.7% |
| Recurring financial charges | 65 | €40,814 | €65,983 | +€25,169 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | -€181,061 | -€251,898 | -€70,837 | -39.1% |
| Profit (loss) for the period | 9904 | -€181,061 | -€251,898 | -€70,837 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€181,061 | -€251,898 | -€70,837 | -39.1% |
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 29 September 2026 via checked.be.