NORTH GARDEN 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.
NORTH GARDEN STUDIOS
Largest movements
- Cash +€2,934
up €2,934 (+3.4%), from €85,994 to €88,928
mainly Net result for the year (+€28,253) and Depreciation (+€9,758)
- Other debts -€32,525
down €32,525 (-41.6%), from €78,198 to €45,673
- Reserves +€28,253
up €28,253 (+141%), from €20,082 to €48,335
of which Distributable reserves: +€28,253
- Tax, wage and social debts +€7,094
up €7,094 (+912%), from €778 to €7,871
- Accrued charges and deferred income +€2,406
up €2,406 (+147%), from €1,639 to €4,045
- Gross operating margin +€43,348
up €43,348 (+334%), from €12,980 to €56,328
- Taxes +€16,863
up €16,863, from -€2,491 to €14,371
- Depreciation -€1,976
down €1,976 (-16.8%), from €11,734 to €9,758
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.
Derived cash bridge
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 | €146,285 | €150,686 | +€4,402 | +3.0% |
| Formation expenses | 20 | €1,417 | €1,417 | = | 0.0% |
| Fixed assets | 21/28 | €32,308 | €33,026 | +€718 | +2.2% |
| Tangible fixed assets | 22/27 | €32,308 | €33,026 | +€718 | +2.2% |
| Land and buildings | 22 | €13,608 | €11,120 | -€2,488 | -18.3% |
| Plant, machinery and equipment | 23 | €14,856 | €10,192 | -€4,664 | -31.4% |
| Furniture and vehicles | 24 | €3,844 | €11,713 | +€7,870 | +205% |
| Current assets | 29/58 | €112,560 | €116,243 | +€3,684 | +3.3% |
| Amounts receivable within one year | 40/41 | €21,840 | €22,590 | +€750 | +3.4% |
| Trade receivables | 40 | €21,840 | €18,739 | -€3,101 | -14.2% |
| Other amounts receivable | 41 | - | €3,851 | +€3,851 | |
| Current investments | 50/53 | €4,726 | €4,726 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,994 | €88,928 | +€2,934 | +3.4% |
| Total equity and liabilities | 10/49 | €146,285 | €150,686 | +€4,402 | +3.0% |
| Equity | 10/15 | €32,482 | €60,735 | +€28,253 | +87.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,082 | €48,335 | +€28,253 | +141% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,222 | €46,475 | +€28,253 | +155% |
| Amounts payable | 17/49 | €113,802 | €89,952 | -€23,851 | -21.0% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,164 | €55,907 | -€26,257 | -32.0% |
| Trade debts | 44 | €3,188 | €2,362 | -€826 | -25.9% |
| Suppliers | 440/4 | €3,188 | €2,362 | -€826 | -25.9% |
| Taxes, remuneration and social security | 45 | €778 | €7,871 | +€7,094 | +912% |
| Taxes | 450/3 | €778 | €7,871 | +€7,094 | +912% |
| Other amounts payable | 47/48 | €78,198 | €45,673 | -€32,525 | -41.6% |
| Accrued charges and deferred income | 492/3 | €1,639 | €4,045 | +€2,406 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,734 | €9,758 | -€1,976 | -16.8% |
| Other operating charges | 640/8 | €1,538 | €1,275 | -€263 | -17.1% |
| Gross operating margin | 9900 | €12,980 | €56,328 | +€43,348 | +334% |
| Operating profit (loss) | 9901 | -€292 | €45,296 | +€45,587 | |
| Financial income | 75/76B | €51 | €0 | -€51 | -100% |
| Recurring financial income | 75 | €51 | €0 | -€51 | -100% |
| Financial charges | 65/66B | €2,163 | €2,672 | +€509 | +23.5% |
| Recurring financial charges | 65 | €2,163 | €2,672 | +€509 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,404 | €42,624 | +€45,028 | |
| Income taxes | 67/77 | -€2,491 | €14,371 | +€16,863 | |
| Profit (loss) for the period | 9904 | €87 | €28,253 | +€28,165 | +32,289% |
| Profit (loss) for the period to be appropriated | 9905 | €87 | €28,253 | +€28,165 | +32,289% |
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 21 October 2026 via checked.be.