Ostend 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.
Ostend Studio
Largest movements
- Receivables within one year -€56,661
down €56,661 (-47.5%), from €119,303 to €62,642
of which Trade receivables: -€50,910
- Cash +€30,595
up €30,595 (+21.4%), from €143,214 to €173,810
mainly Net result for the year (+€74,540) and Receivables within one year (+€56,661)
- Deferred charges and accrued income +€25,721
up €25,721 (+1,199%), from €2,146 to €27,867
- Reserves +€74,540
new in 2025: €74,540
- Trade debts -€49,563
down €49,563 (-78.9%), from €62,823 to €13,260
- Tax, wage and social debts -€28,716
down €28,716 (-72.5%), from €39,613 to €10,897
of which Taxes: -€31,882
- Staff costs +€40,331
up €40,331 (+24.9%), from €162,134 to €202,465
- Taxes -€11,465
down €11,465 (-36.1%), from €31,798 to €20,332
- Gross operating margin -€8,618
down €8,618 (-2.5%), from €338,013 to €329,395
- Depreciation +€3,824
up €3,824 (+25.8%), from €14,799 to €18,624
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 | €401,971 | €398,424 | -€3,547 | -0.9% |
| Fixed assets | 21/28 | €137,308 | €134,105 | -€3,202 | -2.3% |
| Tangible fixed assets | 22/27 | €137,308 | €134,105 | -€3,202 | -2.3% |
| Plant, machinery and equipment | 23 | €1,733 | €1,235 | -€498 | -28.8% |
| Furniture and vehicles | 24 | €1,064 | €2,412 | +€1,348 | +127% |
| Other tangible fixed assets | 26 | €134,511 | €130,459 | -€4,052 | -3.0% |
| Current assets | 29/58 | €264,663 | €264,318 | -€345 | -0.1% |
| Amounts receivable within one year | 40/41 | €119,303 | €62,642 | -€56,661 | -47.5% |
| Trade receivables | 40 | €82,241 | €31,332 | -€50,910 | -61.9% |
| Other amounts receivable | 41 | €37,062 | €31,310 | -€5,752 | -15.5% |
| Cash at bank and in hand | 54/58 | €143,214 | €173,810 | +€30,595 | +21.4% |
| Deferred charges and accrued income | 490/1 | €2,146 | €27,867 | +€25,721 | +1,199% |
| Total equity and liabilities | 10/49 | €401,971 | €398,424 | -€3,547 | -0.9% |
| Equity | 10/15 | €298,817 | €373,357 | +€74,540 | +24.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €74,540 | +€74,540 | |
| Distributable reserves | 133 | - | €74,540 | +€74,540 | |
| Profit (loss) carried forward | 14 | €297,817 | €297,817 | = | 0.0% |
| Amounts payable | 17/49 | €103,154 | €25,067 | -€78,087 | -75.7% |
| Amounts payable within one year | 42/48 | €102,446 | €24,507 | -€77,940 | -76.1% |
| Trade debts | 44 | €62,823 | €13,260 | -€49,563 | -78.9% |
| Suppliers | 440/4 | €62,823 | €13,260 | -€49,563 | -78.9% |
| Taxes, remuneration and social security | 45 | €39,613 | €10,897 | -€28,716 | -72.5% |
| Taxes | 450/3 | €31,882 | €0 | -€31,882 | -100% |
| Remuneration and social security | 454/9 | €7,731 | €10,897 | +€3,166 | +41.0% |
| Other amounts payable | 47/48 | €10 | €350 | +€340 | +3,415% |
| Accrued charges and deferred income | 492/3 | €708 | €560 | -€148 | -20.9% |
| Remuneration, social security and pensions | 62 | €162,134 | €202,465 | +€40,331 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,799 | €18,624 | +€3,824 | +25.8% |
| Other operating charges | 640/8 | €11,440 | €12,942 | +€1,502 | +13.1% |
| Gross operating margin | 9900 | €338,013 | €329,395 | -€8,618 | -2.5% |
| Operating profit (loss) | 9901 | €149,639 | €95,364 | -€54,275 | -36.3% |
| Financial income | 75/76B | €147 | €228 | +€81 | +55.0% |
| Recurring financial income | 75 | €147 | €228 | +€81 | +55.0% |
| Financial charges | 65/66B | €1,246 | €720 | -€526 | -42.2% |
| Recurring financial charges | 65 | €1,246 | €720 | -€526 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €148,541 | €94,872 | -€53,668 | -36.1% |
| Income taxes | 67/77 | €31,798 | €20,332 | -€11,465 | -36.1% |
| Profit (loss) for the period | 9904 | €116,743 | €74,540 | -€42,203 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,743 | €74,540 | -€42,203 | -36.2% |
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 13 October 2026 via checked.be.