Meuse Valley 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.
Meuse Valley Studio
Largest movements
- Cash +€27,458
up €27,458 (+48.7%), from €56,404 to €83,862
mainly Net result for the year (+€24,165) and Tax, wage and social debts (+€2,500)
- Tangible fixed assets -€1,941
down €1,941 (-37.2%), from €5,218 to €3,277
- Profit (loss) carried forward +€24,165
up €24,165 (+37.1%), from €65,184 to €89,349
- Tax, wage and social debts +€2,500
up €2,500 (+143%), from €1,750 to €4,250
of which Remuneration and social security: +€2,500
- Gross operating margin +€11,110
up €11,110 (+49.4%), from €22,470 to €33,581
- Taxes +€2,137
up €2,137 (+46.4%), from €4,605 to €6,743
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 | €68,722 | €94,691 | +€25,969 | +37.8% |
| Fixed assets | 21/28 | €5,218 | €3,277 | -€1,941 | -37.2% |
| Tangible fixed assets | 22/27 | €5,218 | €3,277 | -€1,941 | -37.2% |
| Furniture and vehicles | 24 | €5,218 | €3,277 | -€1,941 | -37.2% |
| Current assets | 29/58 | €63,504 | €91,414 | +€27,910 | +44.0% |
| Amounts receivable within one year | 40/41 | €6,659 | €6,475 | -€184 | -2.8% |
| Trade receivables | 40 | €5,456 | €5,625 | +€169 | +3.1% |
| Other amounts receivable | 41 | €1,203 | €850 | -€353 | -29.3% |
| Cash at bank and in hand | 54/58 | €56,404 | €83,862 | +€27,458 | +48.7% |
| Deferred charges and accrued income | 490/1 | €440 | €1,077 | +€637 | +145% |
| Total equity and liabilities | 10/49 | €68,722 | €94,691 | +€25,969 | +37.8% |
| Equity | 10/15 | €66,184 | €90,349 | +€24,165 | +36.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,184 | €89,349 | +€24,165 | +37.1% |
| Amounts payable | 17/49 | €2,538 | €4,341 | +€1,804 | +71.1% |
| Amounts payable within one year | 42/48 | €2,538 | €4,341 | +€1,804 | +71.1% |
| Financial debts | 43 | €547 | €34 | -€513 | -93.8% |
| Credit institutions | 430/8 | €547 | €34 | -€513 | -93.8% |
| Trade debts | 44 | €183 | - | -€183 | |
| Suppliers | 440/4 | €183 | - | -€183 | |
| Taxes, remuneration and social security | 45 | €1,750 | €4,250 | +€2,500 | +143% |
| Taxes | 450/3 | €1,750 | €1,750 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €58 | €58 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,810 | €1,941 | +€131 | +7.2% |
| Other operating charges | 640/8 | €683 | €674 | -€10 | -1.4% |
| Gross operating margin | 9900 | €22,470 | €33,581 | +€11,110 | +49.4% |
| Operating profit (loss) | 9901 | €19,977 | €30,966 | +€10,989 | +55.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €62 | €58 | -€4 | -5.8% |
| Recurring financial charges | 65 | €62 | €58 | -€4 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €19,916 | €30,908 | +€10,992 | +55.2% |
| Income taxes | 67/77 | €4,605 | €6,743 | +€2,137 | +46.4% |
| Profit (loss) for the period | 9904 | €15,311 | €24,165 | +€8,855 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,311 | €24,165 | +€8,855 | +57.8% |
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 17 October 2026 via checked.be.