NL 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.
NL Studio
Largest movements
- Receivables within one year +€27,118
up €27,118 (+198.6%), from €13,652 to €40,770
of which Trade receivables: +€27,118
- Cash +€14,209
up €14,209 (+30.6%), from €46,396 to €60,605
mainly Net result for the year (+€38,999) and Investment in fixed assets (net) (+€8,472)
- Tangible fixed assets -€8,472
down €8,472 (-100.0%), from €8,472 to €0
- Deferred charges and accrued income -€1,191
down €1,191 (-100.0%), from €1,191 to €0
- Profit (loss) carried forward +€38,999
up €38,999 (+106.1%), from €36,762 to €75,761
- Trade debts -€9,577
down €9,577 (-89.6%), from €10,685 to €1,108
- Tax, wage and social debts +€1,487
up €1,487 (+6.7%), from €22,263 to €23,750
of which Taxes: +€1,487
- Gross operating margin +€5,216
up €5,216 (+11.0%), from €47,209 to €52,425
- Other operating charges +€1,923
up €1,923 (+368.8%), from €521 to €2,444
- Taxes +€1,466
up €1,466 (+15.5%), from €9,471 to €10,937
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 | €69,711 | €101,375 | +€31,665 | +45.4% |
| Fixed assets | 21/28 | €8,472 | €0 | -€8,472 | -100.0% |
| Tangible fixed assets | 22/27 | €8,472 | €0 | -€8,472 | -100.0% |
| Furniture and vehicles | 24 | €8,472 | €0 | -€8,472 | -100.0% |
| Current assets | 29/58 | €61,239 | €101,375 | +€40,136 | +65.5% |
| Amounts receivable within one year | 40/41 | €13,652 | €40,770 | +€27,118 | +198.6% |
| Trade receivables | 40 | €13,652 | €40,770 | +€27,118 | +198.6% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €46,396 | €60,605 | +€14,209 | +30.6% |
| Deferred charges and accrued income | 490/1 | €1,191 | €0 | -€1,191 | -100.0% |
| Total equity and liabilities | 10/49 | €69,711 | €101,375 | +€31,665 | +45.4% |
| Equity | 10/15 | €36,762 | €75,761 | +€38,999 | +106.1% |
| Contributions | 10/11 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | €36,762 | €75,761 | +€38,999 | +106.1% |
| Amounts payable | 17/49 | €32,949 | €25,614 | -€7,334 | -22.3% |
| Amounts payable within one year | 42/48 | €32,949 | €25,614 | -€7,334 | -22.3% |
| Trade debts | 44 | €10,685 | €1,108 | -€9,577 | -89.6% |
| Suppliers | 440/4 | €10,685 | €1,108 | -€9,577 | -89.6% |
| Taxes, remuneration and social security | 45 | €22,263 | €23,750 | +€1,487 | +6.7% |
| Taxes | 450/3 | €22,263 | €23,750 | +€1,487 | +6.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | - | €756 | +€756 | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439 | €0 | -€439 | -100.0% |
| Other operating charges | 640/8 | €521 | €2,444 | +€1,923 | +368.8% |
| Gross operating margin | 9900 | €47,209 | €52,425 | +€5,216 | +11.0% |
| Operating profit (loss) | 9901 | €46,248 | €49,981 | +€3,733 | +8.1% |
| Financial charges | 65/66B | €15 | €45 | +€30 | +201.7% |
| Recurring financial charges | 65 | €15 | €45 | +€30 | +201.7% |
| Profit (loss) for the period before taxes | 9903 | €46,233 | €49,936 | +€3,703 | +8.0% |
| Income taxes | 67/77 | €9,471 | €10,937 | +€1,466 | +15.5% |
| Profit (loss) for the period | 9904 | €36,762 | €38,999 | +€2,237 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,762 | €38,999 | +€2,237 | +6.1% |
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 4 October 2026 via checked.be.