FRONT SEAT STUDIO: 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.
FRONT SEAT STUDIO
Largest movements
- Receivables within one year -€15,983
down €15,983 (-20.4%), from €78,325 to €62,341
of which Trade receivables: -€23,117
- Deferred charges and accrued income +€8,418
up €8,418 (+879%), from €957 to €9,375
- Financial fixed assets +€7,221
up €7,221 (+4,814%), from €150 to €7,371
- Cash +€5,071
up €5,071 (+97.9%), from €5,182 to €10,253
mainly Receivables within one year (+€15,983) and Current portion of long-term debt (+€10,793)
- Tangible fixed assets +€1,908
up €1,908 (+33.9%), from €5,633 to €7,540
- Current portion of long-term debt +€10,793
new in 2025: €10,793
- Trade debts -€6,108
down €6,108 (-15.7%), from €38,996 to €32,888
- Profit (loss) carried forward +€1,883
up €1,883 (+40.9%), from €4,599 to €6,482
- Write-downs +€33,663
new in 2025: €33,663
- Staff costs -€27,645
down €27,645 (-14.0%), from €197,753 to €170,107
- Other operating charges -€2,522
down €2,522 (-82.9%), from €3,041 to €520
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.
Derived cash bridge
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 | €90,247 | €96,881 | +€6,634 | +7.4% |
| Fixed assets | 21/28 | €5,783 | €14,911 | +€9,129 | +158% |
| Tangible fixed assets | 22/27 | €5,633 | €7,540 | +€1,908 | +33.9% |
| Plant, machinery and equipment | 23 | €5,633 | €7,540 | +€1,908 | +33.9% |
| Financial fixed assets | 28 | €150 | €7,371 | +€7,221 | +4,814% |
| Current assets | 29/58 | €84,464 | €81,970 | -€2,495 | -3.0% |
| Amounts receivable within one year | 40/41 | €78,325 | €62,341 | -€15,983 | -20.4% |
| Trade receivables | 40 | €78,325 | €55,207 | -€23,117 | -29.5% |
| Other amounts receivable | 41 | - | €7,134 | +€7,134 | |
| Cash at bank and in hand | 54/58 | €5,182 | €10,253 | +€5,071 | +97.9% |
| Deferred charges and accrued income | 490/1 | €957 | €9,375 | +€8,418 | +879% |
| Total equity and liabilities | 10/49 | €90,247 | €96,881 | +€6,634 | +7.4% |
| Equity | 10/15 | €14,599 | €16,482 | +€1,883 | +12.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,599 | €6,482 | +€1,883 | +40.9% |
| Amounts payable | 17/49 | €75,648 | €80,399 | +€4,751 | +6.3% |
| Amounts payable within one year | 42/48 | €75,648 | €80,399 | +€4,751 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | - | €10,793 | +€10,793 | |
| Trade debts | 44 | €38,996 | €32,888 | -€6,108 | -15.7% |
| Suppliers | 440/4 | €38,996 | €32,888 | -€6,108 | -15.7% |
| Taxes, remuneration and social security | 45 | €36,652 | €36,718 | +€66 | +0.2% |
| Taxes | 450/3 | €14,463 | €20,500 | +€6,037 | +41.7% |
| Remuneration and social security | 454/9 | €22,189 | €16,218 | -€5,972 | -26.9% |
| Remuneration, social security and pensions | 62 | €197,753 | €170,107 | -€27,645 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658 | €1,924 | +€1,265 | +192% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,663 | +€33,663 | |
| Other operating charges | 640/8 | €3,041 | €520 | -€2,522 | -82.9% |
| Gross operating margin | 9900 | €212,079 | €212,443 | +€364 | +0.2% |
| Operating profit (loss) | 9901 | €10,626 | €6,229 | -€4,397 | -41.4% |
| Financial income | 75/76B | €309 | €594 | +€286 | +92.6% |
| Recurring financial income | 75 | €309 | €594 | +€286 | +92.6% |
| Financial charges | 65/66B | €1,489 | €1,859 | +€371 | +24.9% |
| Recurring financial charges | 65 | €1,489 | €1,859 | +€371 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €9,446 | €4,964 | -€4,482 | -47.4% |
| Income taxes | 67/77 | €4,847 | €3,081 | -€1,766 | -36.4% |
| Profit (loss) for the period | 9904 | €4,599 | €1,883 | -€2,716 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,599 | €1,883 | -€2,716 | -59.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.