EELEN 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.
EELEN STUDIOS
Largest movements
- Cash -€22,985
down €22,985 (-37.7%), from €60,896 to €37,911
mainly Contributions, distributions and other (-€87,912) and Debts after one year (-€9,646)
- Receivables within one year +€8,933
up €8,933 (+81.1%), from €11,013 to €19,946
of which Trade receivables: +€13,869
- Tangible fixed assets -€8,910
down €8,910 (-24.7%), from €36,096 to €27,187
of which Furniture and vehicles: -€8,496
- Reserves -€63,673
down €63,673 (-52.2%), from €121,864 to €58,191
- Other debts +€55,409
up €55,409 (+91.7%), from €60,428 to €115,837
- Debts after one year -€9,646
down €9,646 (-28.6%), from €33,759 to €24,113
- Trade debts -€5,783
down €5,783 (-63.6%), from €9,091 to €3,308
- Gross operating margin +€21,858
up €21,858 (+94.3%), from €23,190 to €45,048
- Taxes +€5,052
up €5,052 (+75.1%), from €6,728 to €11,780
- Depreciation +€2,079
up €2,079 (+30.4%), from €6,830 to €8,910
- Financial charges +€566
up €566 (+21.0%), from €2,695 to €3,261
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 | €251,600 | €228,992 | -€22,608 | -9.0% |
| Fixed assets | 21/28 | €36,096 | €27,187 | -€8,910 | -24.7% |
| Tangible fixed assets | 22/27 | €36,096 | €27,187 | -€8,910 | -24.7% |
| Plant, machinery and equipment | 23 | €430 | €17 | -€414 | -96.1% |
| Furniture and vehicles | 24 | €35,666 | €27,170 | -€8,496 | -23.8% |
| Current assets | 29/58 | €215,504 | €201,805 | -€13,699 | -6.4% |
| Amounts receivable after more than one year | 29 | €126,934 | €126,934 | = | 0.0% |
| Trade receivables | 290 | €126,934 | €126,934 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,204 | €9,922 | +€718 | +7.8% |
| Stocks | 30/36 | €9,204 | €9,922 | +€718 | +7.8% |
| Amounts receivable within one year | 40/41 | €11,013 | €19,946 | +€8,933 | +81.1% |
| Trade receivables | 40 | €5,741 | €19,610 | +€13,869 | +241.6% |
| Other amounts receivable | 41 | €5,272 | €336 | -€4,936 | -93.6% |
| Cash at bank and in hand | 54/58 | €60,896 | €37,911 | -€22,985 | -37.7% |
| Deferred charges and accrued income | 490/1 | €7,458 | €7,093 | -€365 | -4.9% |
| Total equity and liabilities | 10/49 | €251,600 | €228,992 | -€22,608 | -9.0% |
| Equity | 10/15 | €121,865 | €58,192 | -€63,673 | -52.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €121,864 | €58,191 | -€63,673 | -52.2% |
| Distributable reserves | 133 | €121,864 | €58,191 | -€63,673 | -52.2% |
| Amounts payable | 17/49 | €129,735 | €170,800 | +€41,065 | +31.7% |
| Amounts payable after more than one year | 17 | €33,759 | €24,113 | -€9,646 | -28.6% |
| Financial debts | 170/4 | €33,759 | €24,113 | -€9,646 | -28.6% |
| Amounts payable within one year | 42/48 | €95,942 | €146,687 | +€50,745 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €16,026 | €16,329 | +€303 | +1.9% |
| Trade debts | 44 | €9,091 | €3,308 | -€5,783 | -63.6% |
| Suppliers | 440/4 | €9,091 | €3,308 | -€5,783 | -63.6% |
| Taxes, remuneration and social security | 45 | €10,398 | €11,214 | +€816 | +7.8% |
| Taxes | 450/3 | €10,398 | €11,214 | +€816 | +7.8% |
| Other amounts payable | 47/48 | €60,428 | €115,837 | +€55,409 | +91.7% |
| Accrued charges and deferred income | 492/3 | €34 | - | -€34 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,830 | €8,910 | +€2,079 | +30.4% |
| Other operating charges | 640/8 | €1,707 | €1,287 | -€420 | -24.6% |
| Gross operating margin | 9900 | €23,190 | €45,048 | +€21,858 | +94.3% |
| Operating profit (loss) | 9901 | €14,653 | €34,851 | +€20,198 | +137.8% |
| Financial income | 75/76B | €4,385 | €4,427 | +€42 | +1.0% |
| Recurring financial income | 75 | €4,385 | €4,427 | +€42 | +1.0% |
| Financial charges | 65/66B | €2,695 | €3,261 | +€566 | +21.0% |
| Recurring financial charges | 65 | €2,695 | €3,261 | +€566 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €16,343 | €36,018 | +€19,675 | +120.4% |
| Income taxes | 67/77 | €6,728 | €11,780 | +€5,052 | +75.1% |
| Profit (loss) for the period | 9904 | €9,616 | €24,239 | +€14,623 | +152.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,616 | €24,239 | +€14,623 | +152.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.