MEDUSA 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.
MEDUSA STUDIO
Largest movements
- Intangible fixed assets -€6,714
down €6,714 (-25.0%), from €26,853 to €20,139
- Receivables within one year +€6,467
up €6,467 (+36.8%), from €17,570 to €24,037
of which Trade receivables: +€6,467
- Financial fixed assets +€700
new in 2024: €700
- Cash -€534
down €534 (-79.8%), from €669 to €135
mainly Debts after one year (-€8,148) and Net result for the year (-€7,508)
- Tax, wage and social debts +€11,783
up €11,783 (+58.4%), from €20,192 to €31,976
of which Remuneration and social security: +€14,598
- Debts after one year -€8,148
down €8,148 (-76.4%), from €10,667 to €2,519
- Profit (loss) carried forward -€7,508
down €7,508 (-13.5%), from -€55,519 to -€63,027
- Current portion of long-term debt +€5,596
up €5,596 (+47.3%), from €11,834 to €17,429
- Trade debts -€2,546
down €2,546 (-100.0%), from €2,546 to €0
- Staff costs -€14,659
down €14,659 (-90.7%), from €16,155 to €1,496
- Gross operating margin -€4,934
down €4,934 (-77.2%), from €6,394 to €1,460
- Depreciation -€4,210
down €4,210 (-38.5%), from €10,925 to €6,715
- Other operating charges -€577
down €577 (-59.8%), from €965 to €387
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,093 | €45,011 | -€82 | -0.2% |
| Fixed assets | 21/28 | €26,854 | €20,839 | -€6,015 | -22.4% |
| Intangible fixed assets | 21 | €26,853 | €20,139 | -€6,714 | -25.0% |
| Tangible fixed assets | 22/27 | €1 | €0 | -€1 | -100.0% |
| Plant, machinery and equipment | 23 | €1 | €0 | -€1 | -100.0% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €18,239 | €24,172 | +€5,933 | +32.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €17,570 | €24,037 | +€6,467 | +36.8% |
| Trade receivables | 40 | €17,570 | €24,037 | +€6,467 | +36.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €669 | €135 | -€534 | -79.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €45,093 | €45,011 | -€82 | -0.2% |
| Equity | 10/15 | -€53,519 | -€61,027 | -€7,508 | -14.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,519 | -€63,027 | -€7,508 | -13.5% |
| Amounts payable | 17/49 | €98,613 | €106,038 | +€7,425 | +7.5% |
| Amounts payable after more than one year | 17 | €10,667 | €2,519 | -€8,148 | -76.4% |
| Financial debts | 170/4 | €10,667 | €2,519 | -€8,148 | -76.4% |
| Amounts payable within one year | 42/48 | €87,946 | €103,518 | +€15,573 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €11,834 | €17,429 | +€5,596 | +47.3% |
| Trade debts | 44 | €2,546 | €0 | -€2,546 | -100.0% |
| Suppliers | 440/4 | €2,546 | €0 | -€2,546 | -100.0% |
| Advances received on contracts in progress | 46 | €926 | €926 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,192 | €31,976 | +€11,783 | +58.4% |
| Taxes | 450/3 | €12,338 | €9,523 | -€2,815 | -22.8% |
| Remuneration and social security | 454/9 | €7,854 | €22,453 | +€14,598 | +185.9% |
| Other amounts payable | 47/48 | €52,447 | €53,188 | +€740 | +1.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €16,155 | €1,496 | -€14,659 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,925 | €6,715 | -€4,210 | -38.5% |
| Other operating charges | 640/8 | €965 | €387 | -€577 | -59.8% |
| Gross operating margin | 9900 | €6,394 | €1,460 | -€4,934 | -77.2% |
| Operating profit (loss) | 9901 | -€21,651 | -€7,137 | +€14,513 | +67.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €412 | €370 | -€42 | -10.1% |
| Recurring financial charges | 65 | €412 | €370 | -€42 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,063 | -€7,508 | +€14,555 | +66.0% |
| Profit (loss) for the period | 9904 | -€22,063 | -€7,508 | +€14,555 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,063 | -€7,508 | +€14,555 | +66.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.