GROWTH WEB STUDIOS: 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.
GROWTH WEB STUDIOS
Largest movements
- Receivables within one year +€14,014
up €14,014 (+637%), from €2,201 to €16,215
of which Trade receivables: +€14,615
- Cash +€9,298
up €9,298 (+24.5%), from €37,941 to €47,239
mainly Net result for the year (+€45,588) and Tax, wage and social debts (+€13,025)
- Tangible fixed assets -€2,619
down €2,619 (-17.7%), from €14,794 to €12,175
of which Furniture and vehicles: -€4,165
- Tax, wage and social debts +€13,025
up €13,025 (+4,445%), from €293 to €13,318
- Profit (loss) carried forward +€8,588
up €8,588 (+47.3%), from €18,144 to €26,732
- Other debts +€1,450
up €1,450 (+4.8%), from €30,000 to €31,450
- Trade debts -€932
down €932 (-30.9%), from €3,018 to €2,086
- Gross operating margin +€35,179
up €35,179 (+102%), from €34,364 to €69,543
- Taxes +€6,807
up €6,807 (+122%), from €5,593 to €12,400
- Financial charges +€2,276
up €2,276 (+66.4%), from €3,430 to €5,706
- Depreciation +€720
up €720 (+19.4%), from €3,714 to €4,434
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 | €55,142 | €76,519 | +€21,377 | +38.8% |
| Fixed assets | 21/28 | €14,794 | €12,175 | -€2,619 | -17.7% |
| Tangible fixed assets | 22/27 | €14,794 | €12,175 | -€2,619 | -17.7% |
| Plant, machinery and equipment | 23 | - | €1,546 | +€1,546 | |
| Furniture and vehicles | 24 | €14,794 | €10,629 | -€4,165 | -28.2% |
| Current assets | 29/58 | €40,348 | €64,344 | +€23,996 | +59.5% |
| Amounts receivable within one year | 40/41 | €2,201 | €16,215 | +€14,014 | +637% |
| Trade receivables | 40 | €1,600 | €16,215 | +€14,615 | +913% |
| Other amounts receivable | 41 | €601 | - | -€601 | |
| Cash at bank and in hand | 54/58 | €37,941 | €47,239 | +€9,298 | +24.5% |
| Deferred charges and accrued income | 490/1 | €206 | €890 | +€684 | +332% |
| Total equity and liabilities | 10/49 | €55,142 | €76,519 | +€21,377 | +38.8% |
| Equity | 10/15 | €20,644 | €29,232 | +€8,588 | +41.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,144 | €26,732 | +€8,588 | +47.3% |
| Amounts payable | 17/49 | €34,498 | €47,287 | +€12,789 | +37.1% |
| Amounts payable within one year | 42/48 | €33,311 | €46,854 | +€13,543 | +40.7% |
| Trade debts | 44 | €3,018 | €2,086 | -€932 | -30.9% |
| Suppliers | 440/4 | €3,018 | €2,086 | -€932 | -30.9% |
| Taxes, remuneration and social security | 45 | €293 | €13,318 | +€13,025 | +4,445% |
| Taxes | 450/3 | €293 | €13,318 | +€13,025 | +4,445% |
| Other amounts payable | 47/48 | €30,000 | €31,450 | +€1,450 | +4.8% |
| Accrued charges and deferred income | 492/3 | €1,187 | €433 | -€754 | -63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,714 | €4,434 | +€720 | +19.4% |
| Other operating charges | 640/8 | €1,332 | €1,415 | +€83 | +6.2% |
| Gross operating margin | 9900 | €34,364 | €69,543 | +€35,179 | +102% |
| Operating profit (loss) | 9901 | €29,318 | €63,694 | +€34,376 | +117% |
| Financial charges | 65/66B | €3,430 | €5,706 | +€2,276 | +66.4% |
| Recurring financial charges | 65 | €3,430 | €5,706 | +€2,276 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €25,888 | €57,988 | +€32,100 | +124% |
| Income taxes | 67/77 | €5,593 | €12,400 | +€6,807 | +122% |
| Profit (loss) for the period | 9904 | €20,295 | €45,588 | +€25,293 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €20,295 | €45,588 | +€25,293 | +125% |
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 16 October 2026 via checked.be.