FACTORY 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.
FACTORY STUDIO
Largest movements
- Cash +€45,675
up €45,675 (+385.7%), from €11,842 to €57,518
mainly Net result for the year (+€42,649) and Receivables within one year (+€19,845)
- Receivables within one year -€19,845
down €19,845 (-30.5%), from €65,049 to €45,204
of which Trade receivables: -€23,671
- Tangible fixed assets +€6,883
up €6,883 (+136.5%), from €5,044 to €11,928
of which Plant, machinery and equipment: +€8,151
- Deferred charges and accrued income +€1,658
up €1,658 (+445.4%), from €372 to €2,030
- Profit (loss) carried forward +€42,649
up €42,649, from -€33,779 to €8,871
- Trade debts -€10,504
down €10,504 (-34.1%), from €30,770 to €20,266
- Tax, wage and social debts +€2,363
up €2,363 (+36.9%), from €6,404 to €8,766
of which Taxes: +€2,102
- Gross operating margin +€4,950
up €4,950 (+4.5%), from €111,219 to €116,169
- Taxes +€4,733
up €4,733 (+34.9%), from €13,580 to €18,314
- Depreciation +€2,835
up €2,835 (+72.4%), from €3,914 to €6,749
- Staff costs +€2,089
up €2,089 (+4.8%), from €43,763 to €45,852
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 | €82,308 | €116,680 | +€34,371 | +41.8% |
| Fixed assets | 21/28 | €5,044 | €11,928 | +€6,883 | +136.5% |
| Tangible fixed assets | 22/27 | €5,044 | €11,928 | +€6,883 | +136.5% |
| Plant, machinery and equipment | 23 | €2,510 | €10,660 | +€8,151 | +324.8% |
| Furniture and vehicles | 24 | €2,535 | €1,267 | -€1,267 | -50.0% |
| Current assets | 29/58 | €77,264 | €104,752 | +€27,488 | +35.6% |
| Amounts receivable within one year | 40/41 | €65,049 | €45,204 | -€19,845 | -30.5% |
| Trade receivables | 40 | €24,435 | €764 | -€23,671 | -96.9% |
| Other amounts receivable | 41 | €40,614 | €44,440 | +€3,825 | +9.4% |
| Cash at bank and in hand | 54/58 | €11,842 | €57,518 | +€45,675 | +385.7% |
| Deferred charges and accrued income | 490/1 | €372 | €2,030 | +€1,658 | +445.4% |
| Total equity and liabilities | 10/49 | €82,308 | €116,680 | +€34,371 | +41.8% |
| Equity | 10/15 | €44,998 | €87,647 | +€42,649 | +94.8% |
| Contributions | 10/11 | €68,550 | €68,550 | = | 0.0% |
| Reserves | 13 | €10,226 | €10,226 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,911 | €5,911 | = | 0.0% |
| Distributable reserves | 133 | €3,695 | €3,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,779 | €8,871 | +€42,649 | |
| Amounts payable | 17/49 | €37,310 | €29,032 | -€8,278 | -22.2% |
| Amounts payable within one year | 42/48 | €37,310 | €29,032 | -€8,278 | -22.2% |
| Trade debts | 44 | €30,770 | €20,266 | -€10,504 | -34.1% |
| Suppliers | 440/4 | €30,770 | €20,266 | -€10,504 | -34.1% |
| Taxes, remuneration and social security | 45 | €6,404 | €8,766 | +€2,363 | +36.9% |
| Taxes | 450/3 | €1,248 | €3,350 | +€2,102 | +168.5% |
| Remuneration and social security | 454/9 | €5,156 | €5,416 | +€260 | +5.0% |
| Other amounts payable | 47/48 | €136 | - | -€136 | |
| Remuneration, social security and pensions | 62 | €43,763 | €45,852 | +€2,089 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,914 | €6,749 | +€2,835 | +72.4% |
| Other operating charges | 640/8 | €2,793 | €2,442 | -€351 | -12.6% |
| Gross operating margin | 9900 | €111,219 | €116,169 | +€4,950 | +4.5% |
| Operating profit (loss) | 9901 | €60,749 | €61,126 | +€377 | +0.6% |
| Financial charges | 65/66B | €159 | €163 | +€4 | +2.7% |
| Recurring financial charges | 65 | €159 | €163 | +€4 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €60,590 | €60,963 | +€373 | +0.6% |
| Income taxes | 67/77 | €13,580 | €18,314 | +€4,733 | +34.9% |
| Profit (loss) for the period | 9904 | €47,010 | €42,649 | -€4,361 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,010 | €42,649 | -€4,361 | -9.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.