LOW 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.
LOW STUDIO
Largest movements
- Cash -€23,552
down €23,552 (-51.9%), from €45,381 to €21,829
mainly Trade debts (-€17,749) and Net result for the year (-€10,841)
- Receivables within one year -€17,515
down €17,515 (-53.5%), from €32,744 to €15,229
of which Trade receivables: -€25,867
- Tangible fixed assets +€6,373
up €6,373 (+209.6%), from €3,041 to €9,414
- Trade debts -€17,749
down €17,749 (-85.4%), from €20,785 to €3,035
- Profit (loss) carried forward -€10,841
down €10,841 (-38.8%), from €27,940 to €17,099
- Other debts -€3,964
no longer reported in 2025 (was €3,964)
- Tax, wage and social debts -€2,140
down €2,140 (-20.4%), from €10,477 to €8,337
of which Taxes: -€2,268
- Turnover -€159,272
down €159,272 (-69.1%), from €230,494 to €71,222
- Purchases and services -€95,875
down €95,875 (-55.4%), from €172,933 to €77,059
- Gross operating margin -€64,024
down €64,024, from €58,248 to -€5,776
- Taxes -€13,426
down €13,426, from €10,477 to -€2,950
- Staff costs -€12,980
down €12,980 (-77.2%), from €16,810 to €3,830
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 | €87,165 | €52,471 | -€34,694 | -39.8% |
| Fixed assets | 21/28 | €9,041 | €15,414 | +€6,373 | +70.5% |
| Tangible fixed assets | 22/27 | €3,041 | €9,414 | +€6,373 | +209.6% |
| Plant, machinery and equipment | 23 | €3,041 | €9,414 | +€6,373 | +209.6% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €78,124 | €37,058 | -€41,067 | -52.6% |
| Amounts receivable within one year | 40/41 | €32,744 | €15,229 | -€17,515 | -53.5% |
| Trade receivables | 40 | €32,038 | €6,171 | -€25,867 | -80.7% |
| Other amounts receivable | 41 | €705 | €9,058 | +€8,353 | +1184.5% |
| Cash at bank and in hand | 54/58 | €45,381 | €21,829 | -€23,552 | -51.9% |
| Total equity and liabilities | 10/49 | €87,165 | €52,471 | -€34,694 | -39.8% |
| Equity | 10/15 | €51,940 | €41,099 | -€10,841 | -20.9% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,940 | €17,099 | -€10,841 | -38.8% |
| Amounts payable | 17/49 | €35,225 | €11,372 | -€23,853 | -67.7% |
| Amounts payable within one year | 42/48 | €35,225 | €11,372 | -€23,853 | -67.7% |
| Trade debts | 44 | €20,785 | €3,035 | -€17,749 | -85.4% |
| Suppliers | 440/4 | €20,785 | €3,035 | -€17,749 | -85.4% |
| Taxes, remuneration and social security | 45 | €10,477 | €8,337 | -€2,140 | -20.4% |
| Taxes | 450/3 | €10,477 | €8,209 | -€2,268 | -21.6% |
| Remuneration and social security | 454/9 | - | €128 | +€128 | |
| Other amounts payable | 47/48 | €3,964 | - | -€3,964 | |
| Turnover | 70 | €230,494 | €71,222 | -€159,272 | -69.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €172,933 | €77,059 | -€95,875 | -55.4% |
| Remuneration, social security and pensions | 62 | €16,810 | €3,830 | -€12,980 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €4,080 | +€3,518 | +626.3% |
| Other operating charges | 640/8 | - | €80 | +€80 | |
| Gross operating margin | 9900 | €58,248 | -€5,776 | -€64,024 | |
| Operating profit (loss) | 9901 | €40,877 | -€13,766 | -€54,642 | |
| Financial charges | 65/66B | €2,460 | €25 | -€2,435 | -99.0% |
| Recurring financial charges | 65 | €2,460 | €25 | -€2,435 | -99.0% |
| Non-recurring financial charges | 66B | €2,460 | - | -€2,460 | |
| Profit (loss) for the period before taxes | 9903 | €38,417 | -€13,791 | -€52,208 | |
| Income taxes | 67/77 | €10,477 | -€2,950 | -€13,426 | |
| Profit (loss) for the period | 9904 | €27,940 | -€10,841 | -€38,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,940 | -€10,841 | -€38,781 |
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 3 October 2026 via checked.be.