Essence 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.
Essence Studio
Largest movements
- Tangible fixed assets -€10,964
down €10,964 (-24.2%), from €45,281 to €34,317
of which Furniture and vehicles: -€10,934
- Cash -€4,532
down €4,532 (-76.6%), from €5,918 to €1,386
mainly Net result for the year (-€41,197) and Debts after one year (-€7,641)
- Deferred charges and accrued income -€3,981
down €3,981 (-95.5%), from €4,170 to €189
- Receivables within one year -€1,172
down €1,172 (-25.1%), from €4,664 to €3,492
of which Trade receivables: -€2,394
- Profit (loss) carried forward -€41,197
down €41,197 (-68.3%), from -€60,347 to -€101,544
- Other debts +€28,916
up €28,916 (+53.4%), from €54,125 to €83,041
- Debts after one year -€7,641
down €7,641 (-25.6%), from €29,892 to €22,250
- Accrued charges and deferred income +€6,754
new in 2025: €6,754
- Tax, wage and social debts -€4,440
down €4,440 (-36.2%), from €12,281 to €7,841
- Financial income -€14,219
down €14,219 (-77.5%), from €18,340 to €4,121
- Gross operating margin -€13,406
down €13,406 (-79.7%), from -€16,823 to -€30,229
- Staff costs -€1,431
down €1,431 (-100.0%), from €1,431 to €0
- Depreciation -€385
down €385 (-3.0%), from €12,861 to €12,476
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 | €60,033 | €39,385 | -€20,648 | -34.4% |
| Fixed assets | 21/28 | €45,281 | €34,317 | -€10,964 | -24.2% |
| Tangible fixed assets | 22/27 | €45,281 | €34,317 | -€10,964 | -24.2% |
| Plant, machinery and equipment | 23 | €13,113 | €13,083 | -€30 | -0.2% |
| Furniture and vehicles | 24 | €30,403 | €19,469 | -€10,934 | -36.0% |
| Other tangible fixed assets | 26 | €1,765 | €1,765 | = | 0.0% |
| Current assets | 29/58 | €14,752 | €5,067 | -€9,685 | -65.6% |
| Amounts receivable within one year | 40/41 | €4,664 | €3,492 | -€1,172 | -25.1% |
| Trade receivables | 40 | €4,664 | €2,270 | -€2,394 | -51.3% |
| Other amounts receivable | 41 | €0 | €1,222 | +€1,222 | |
| Cash at bank and in hand | 54/58 | €5,918 | €1,386 | -€4,532 | -76.6% |
| Deferred charges and accrued income | 490/1 | €4,170 | €189 | -€3,981 | -95.5% |
| Total equity and liabilities | 10/49 | €60,033 | €39,385 | -€20,648 | -34.4% |
| Equity | 10/15 | -€52,653 | -€94,372 | -€41,718 | -79.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,347 | -€101,544 | -€41,197 | -68.3% |
| Investment grants | 15 | €4,694 | €4,172 | -€522 | -11.1% |
| Amounts payable | 17/49 | €112,686 | €133,756 | +€21,070 | +18.7% |
| Amounts payable after more than one year | 17 | €29,892 | €22,250 | -€7,641 | -25.6% |
| Financial debts | 170/4 | €29,892 | €22,250 | -€7,641 | -25.6% |
| Amounts payable within one year | 42/48 | €82,795 | €104,752 | +€21,957 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €9,334 | €7,641 | -€1,693 | -18.1% |
| Trade debts | 44 | €6,700 | €5,104 | -€1,597 | -23.8% |
| Suppliers | 440/4 | €6,700 | €5,104 | -€1,597 | -23.8% |
| Advances received on contracts in progress | 46 | €354 | €1,125 | +€771 | +217.7% |
| Taxes, remuneration and social security | 45 | €12,281 | €7,841 | -€4,440 | -36.2% |
| Taxes | 450/3 | €12,281 | €7,841 | -€4,440 | -36.2% |
| Other amounts payable | 47/48 | €54,125 | €83,041 | +€28,916 | +53.4% |
| Accrued charges and deferred income | 492/3 | - | €6,754 | +€6,754 | |
| Remuneration, social security and pensions | 62 | €1,431 | €0 | -€1,431 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,861 | €12,476 | -€385 | -3.0% |
| Gross operating margin | 9900 | -€16,823 | -€30,229 | -€13,406 | -79.7% |
| Operating profit (loss) | 9901 | -€31,116 | -€42,705 | -€11,589 | -37.2% |
| Financial income | 75/76B | €18,340 | €4,121 | -€14,219 | -77.5% |
| Recurring financial income | 75 | €18,340 | €4,121 | -€14,219 | -77.5% |
| Financial charges | 65/66B | €2,803 | €2,613 | -€191 | -6.8% |
| Recurring financial charges | 65 | €2,803 | €2,613 | -€191 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,580 | -€41,197 | -€25,617 | -164.4% |
| Profit (loss) for the period | 9904 | -€15,580 | -€41,197 | -€25,617 | -164.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,580 | -€41,197 | -€25,617 | -164.4% |
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 2 October 2026 via checked.be.