ELEVEN 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.
ELEVEN STUDIO
Largest movements
- Current assets -€21,400
down €21,400 (-37.8%), from €56,680 to €35,280
of which Cash: -€13,869
- Tangible fixed assets -€9,693
down €9,693 (-20.2%), from €47,979 to €38,286
- Profit (loss) carried forward -€23,014
down €23,014, from €20,486 to -€2,528
- Debts after one year -€5,748
down €5,748 (-13.8%), from €41,573 to €35,825
- Debts within one year -€2,330
down €2,330 (-6.7%), from €34,570 to €32,240
of which Trade debts: -€4,210
- Gross operating margin -€7,424
down €7,424 (-1748.8%), from -€425 to -€7,849
- Depreciation -€3,083
down €3,083 (-20.9%), from €14,721 to €11,637
- Financial charges +€2,646
new in 2021: €2,646
- Taxes +€1,878
up €1,878, from -€1,053 to €825
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,684 | €73,592 | -€31,092 | -29.7% |
| Fixed assets | 21/28 | €48,004 | €38,311 | -€9,693 | -20.2% |
| Tangible fixed assets | 22/27 | €47,979 | €38,286 | -€9,693 | -20.2% |
| Furniture and vehicles | 24 | - | €1,875 | +€1,875 | |
| Other tangible fixed assets | 26 | - | €36,411 | +€36,411 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €56,680 | €35,280 | -€21,400 | -37.8% |
| Amounts receivable within one year | 40/41 | €21,380 | €14,715 | -€6,666 | -31.2% |
| Trade receivables | 40 | - | €12,259 | +€12,259 | |
| Other amounts receivable | 41 | - | €2,456 | +€2,456 | |
| Cash at bank and in hand | 54/58 | €33,252 | €19,383 | -€13,869 | -41.7% |
| Deferred charges and accrued income | 490/1 | - | €1,183 | +€1,183 | |
| Total equity and liabilities | 10/49 | €104,684 | €73,592 | -€31,092 | -29.7% |
| Equity | 10/15 | €28,541 | €5,527 | -€23,014 | -80.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,855 | +€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | €20,486 | -€2,528 | -€23,014 | |
| Amounts payable | 17/49 | €76,143 | €68,064 | -€8,078 | -10.6% |
| Amounts payable after more than one year | 17 | €41,573 | €35,825 | -€5,748 | -13.8% |
| Financial debts | 170/4 | - | €35,825 | +€35,825 | |
| Amounts payable within one year | 42/48 | €34,570 | €32,240 | -€2,330 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,200 | +€7,200 | |
| Trade debts | 44 | €12,814 | €8,604 | -€4,210 | -32.9% |
| Suppliers | 440/4 | - | €8,604 | +€8,604 | |
| Taxes, remuneration and social security | 45 | - | €4,889 | +€4,889 | |
| Taxes | 450/3 | - | €2,253 | +€2,253 | |
| Remuneration and social security | 454/9 | - | €2,637 | +€2,637 | |
| Other amounts payable | 47/48 | - | €11,547 | +€11,547 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,721 | €11,637 | -€3,083 | -20.9% |
| Other operating charges | 640/8 | - | €59 | +€59 | |
| Gross operating margin | 9900 | -€425 | -€7,849 | -€7,424 | -1748.8% |
| Operating profit (loss) | 9901 | -€15,271 | -€19,546 | -€4,275 | -28.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | €1 | €3 | +€3 | +456.1% |
| Financial charges | 65/66B | - | €2,646 | +€2,646 | |
| Recurring financial charges | 65 | €2,117 | €2,646 | +€530 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,387 | -€22,189 | -€4,802 | -27.6% |
| Income taxes | 67/77 | -€1,053 | €825 | +€1,878 | |
| Profit (loss) for the period | 9904 | -€16,335 | -€23,014 | -€6,679 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,335 | -€23,014 | -€6,679 | -40.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2020 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.