GO 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.
GO STUDIO
Largest movements
- Cash +€16,264
up €16,264 (+57.7%), from €28,197 to €44,461
mainly Net result for the year (+€50,011) and Depreciation (+€15,291)
- Receivables within one year +€15,785
up €15,785 (+115.1%), from €13,715 to €29,499
of which Trade receivables: +€12,777
- Profit (loss) carried forward +€49,111
up €49,111 (+199.8%), from €24,583 to €73,693
- Trade debts -€7,674
down €7,674 (-79.8%), from €9,616 to €1,942
- Debts after one year -€7,106
down €7,106 (-25.9%), from €27,439 to €20,333
- Tax, wage and social debts -€4,065
down €4,065 (-30.5%), from €13,331 to €9,266
- Gross operating margin +€42,742
up €42,742 (+117.3%), from €36,443 to €79,185
- Depreciation +€11,358
up €11,358 (+288.8%), from €3,933 to €15,291
- Taxes +€6,189
up €6,189 (+98.9%), from €6,256 to €12,445
- Other operating charges -€1,060
down €1,060 (-91.1%), from €1,162 to €103
- Financial charges +€827
up €827 (+162.5%), from €509 to €1,336
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 | €89,322 | €120,471 | +€31,149 | +34.9% |
| Formation expenses | 20 | €627 | - | -€627 | |
| Fixed assets | 21/28 | €45,964 | €45,685 | -€279 | -0.6% |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | €45,963 | €45,685 | -€278 | -0.6% |
| Plant, machinery and equipment | 23 | €10,218 | €16,055 | +€5,836 | +57.1% |
| Furniture and vehicles | 24 | €35,745 | €29,630 | -€6,115 | -17.1% |
| Current assets | 29/58 | €42,731 | €74,786 | +€32,055 | +75.0% |
| Amounts receivable within one year | 40/41 | €13,715 | €29,499 | +€15,785 | +115.1% |
| Trade receivables | 40 | €13,715 | €26,492 | +€12,777 | +93.2% |
| Other amounts receivable | 41 | - | €3,008 | +€3,008 | |
| Cash at bank and in hand | 54/58 | €28,197 | €44,461 | +€16,264 | +57.7% |
| Deferred charges and accrued income | 490/1 | €820 | €827 | +€7 | +0.9% |
| Total equity and liabilities | 10/49 | €89,322 | €120,471 | +€31,149 | +34.9% |
| Equity | 10/15 | €32,083 | €81,193 | +€49,111 | +153.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,583 | €73,693 | +€49,111 | +199.8% |
| Amounts payable | 17/49 | €57,239 | €39,278 | -€17,961 | -31.4% |
| Amounts payable after more than one year | 17 | €27,439 | €20,333 | -€7,106 | -25.9% |
| Financial debts | 170/4 | €27,439 | €20,333 | -€7,106 | -25.9% |
| Amounts payable within one year | 42/48 | €29,800 | €18,945 | -€10,855 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €6,839 | €7,106 | +€267 | +3.9% |
| Trade debts | 44 | €9,616 | €1,942 | -€7,674 | -79.8% |
| Suppliers | 440/4 | €9,616 | €1,942 | -€7,674 | -79.8% |
| Taxes, remuneration and social security | 45 | €13,331 | €9,266 | -€4,065 | -30.5% |
| Taxes | 450/3 | €13,331 | €9,266 | -€4,065 | -30.5% |
| Other amounts payable | 47/48 | €13 | €630 | +€617 | +4584.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,933 | €15,291 | +€11,358 | +288.8% |
| Other operating charges | 640/8 | €1,162 | €103 | -€1,060 | -91.1% |
| Gross operating margin | 9900 | €36,443 | €79,185 | +€42,742 | +117.3% |
| Operating profit (loss) | 9901 | €31,348 | €63,791 | +€32,444 | +103.5% |
| Financial charges | 65/66B | €509 | €1,336 | +€827 | +162.5% |
| Recurring financial charges | 65 | €509 | €1,336 | +€827 | +162.5% |
| Profit (loss) for the period before taxes | 9903 | €30,839 | €62,455 | +€31,617 | +102.5% |
| Income taxes | 67/77 | €6,256 | €12,445 | +€6,189 | +98.9% |
| Profit (loss) for the period | 9904 | €24,583 | €50,011 | +€25,428 | +103.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,583 | €50,011 | +€25,428 | +103.4% |
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 10 October 2026 via checked.be.