OFFICE 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.
What changed
OFFICE STUDIO
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€56,141
2024 · -€49,045-€7,096
Equity
€1.5m
2024 · €1.6m-€56,141
Cash
€79,130
2024 · €1,691+€77,438
Balance sheet total
€5.0m
2024 · €4.6m+€436,696
Largest movements
Assets
- Tangible fixed assets +€377,597
up €377,597 (+8.4%), from €4.5m to €4.9m
of which Land and buildings: +€374,640
- Cash +€77,438
up €77,438 (+4579.2%), from €1,691 to €79,130
mainly Debts after one year (+€307,127) and Depreciation (+€211,049)
Equity and liabilities
- Debts after one year +€307,127
up €307,127 (+14.0%), from €2.2m to €2.5m
- Other debts +€130,522
up €130,522 (+110.4%), from €118,255 to €248,778
- Reserves -€55,249
down €55,249 (-3.6%), from €1.5m to €1.5m
of which Tax-exempt reserves: -€55,249
Income statement
- Gross operating margin +€62,107
up €62,107 (+25.5%), from €243,448 to €305,554
- Financial charges +€28,453
up €28,453 (+52.8%), from €53,915 to €82,368
- Depreciation +€25,169
up €25,169 (+13.5%), from €185,880 to €211,049
- Staff costs +€14,942
up €14,942 (+34.8%), from €42,918 to €57,861
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.
Result 2024
-€49,045
Gross operating margin
+€62,107
Staff costs
-€14,942
Depreciation
-€25,169
Write-downs
+€500
Other operating charges
-€1,960
Financial income
+€79
Financial charges
-€28,453
Taxes
+€744
Result 2025
-€56,141
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.
From operations
+€351,690
Investment
-€588,646
Financing
+€314,395
Cash 2024
€1,691
From operations (derived)
+€351,690
Net result for the year
-€56,141
Depreciation
+€211,049
Receivables within one year
+€23,964
Deferred charges and accrued income
-€5,625
Provisions
-€18,416
Trade debts
+€42,088
Tax, wage and social debts
+€14,120
Other debts
+€130,522
Accrued charges and deferred income
+€10,129
Investment (derived)
-€588,646
Investment in fixed assets (net)
-€588,646
Financing
+€314,395
Debts after one year
+€307,127
Current portion of long-term debt
+€32,268
Short-term financial debts
-€25,000
Cash 2025
€79,130
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,590,424 | €5,027,120 | +€436,696 | +9.5% |
| Fixed assets | 21/28 | €4,507,926 | €4,885,523 | +€377,597 | +8.4% |
| Tangible fixed assets | 22/27 | €4,507,926 | €4,885,523 | +€377,597 | +8.4% |
| Land and buildings | 22 | €4,498,251 | €4,872,891 | +€374,640 | +8.3% |
| Plant, machinery and equipment | 23 | €5,212 | €9,284 | +€4,072 | +78.1% |
| Furniture and vehicles | 24 | €4,463 | €3,347 | -€1,116 | -25.0% |
| Current assets | 29/58 | €82,498 | €141,597 | +€59,099 | +71.6% |
| Amounts receivable within one year | 40/41 | €79,824 | €55,860 | -€23,964 | -30.0% |
| Trade receivables | 40 | €79,824 | €52,717 | -€27,107 | -34.0% |
| Other amounts receivable | 41 | - | €3,143 | +€3,143 | |
| Current investments | 50/53 | €514 | €514 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,691 | €79,130 | +€77,438 | +4579.2% |
| Deferred charges and accrued income | 490/1 | €469 | €6,093 | +€5,625 | +1200.2% |
| Total equity and liabilities | 10/49 | €4,590,424 | €5,027,120 | +€436,696 | +9.5% |
| Equity | 10/15 | €1,552,728 | €1,496,587 | -€56,141 | -3.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,521,397 | €1,466,148 | -€55,249 | -3.6% |
| Non-distributable reserves | 130/1 | €5,604 | €5,604 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,604 | €5,604 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,390,196 | €1,334,947 | -€55,249 | -4.0% |
| Distributable reserves | 133 | €125,597 | €125,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,669 | -€269,562 | -€892 | -0.3% |
| Provisions and deferred taxes | 16 | €463,399 | €444,982 | -€18,416 | -4.0% |
| Deferred taxes | 168 | €463,399 | €444,982 | -€18,416 | -4.0% |
| Amounts payable | 17/49 | €2,574,297 | €3,085,551 | +€511,254 | +19.9% |
| Amounts payable after more than one year | 17 | €2,190,981 | €2,498,108 | +€307,127 | +14.0% |
| Financial debts | 170/4 | €2,190,981 | €2,498,108 | +€307,127 | +14.0% |
| Amounts payable within one year | 42/48 | €383,317 | €577,314 | +€193,998 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €188,326 | €220,593 | +€32,268 | +17.1% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €42,803 | €84,891 | +€42,088 | +98.3% |
| Suppliers | 440/4 | €42,803 | €84,891 | +€42,088 | +98.3% |
| Taxes, remuneration and social security | 45 | €8,932 | €23,052 | +€14,120 | +158.1% |
| Taxes | 450/3 | €5,464 | €18,787 | +€13,323 | +243.8% |
| Remuneration and social security | 454/9 | €3,468 | €4,264 | +€797 | +23.0% |
| Other amounts payable | 47/48 | €118,255 | €248,778 | +€130,522 | +110.4% |
| Accrued charges and deferred income | 492/3 | - | €10,129 | +€10,129 | |
| Remuneration, social security and pensions | 62 | €42,918 | €57,861 | +€14,942 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,880 | €211,049 | +€25,169 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €250 | -€250 | -€500 | |
| Other operating charges | 640/8 | €27,367 | €29,327 | +€1,960 | +7.2% |
| Gross operating margin | 9900 | €243,448 | €305,554 | +€62,107 | +25.5% |
| Operating profit (loss) | 9901 | -€12,968 | €7,567 | +€20,535 | |
| Financial income | 75/76B | €2 | €81 | +€79 | +3795.7% |
| Recurring financial income | 75 | €2 | €81 | +€79 | +3795.7% |
| Financial charges | 65/66B | €53,915 | €82,368 | +€28,453 | +52.8% |
| Recurring financial charges | 65 | €53,915 | €82,368 | +€28,453 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | -€66,880 | -€74,720 | -€7,840 | -11.7% |
| Transfer from deferred taxes | 780 | €18,416 | €18,416 | = | 0.0% |
| Income taxes | 67/77 | €581 | -€163 | -€744 | |
| Profit (loss) for the period | 9904 | -€49,045 | -€56,141 | -€7,096 | -14.5% |
| Transfer from tax-exempt reserves | 789 | €55,249 | €55,249 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,204 | -€892 | -€7,096 |
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 7 October 2026 via checked.be.