P1 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.
P1 STUDIO
Largest movements
- Cash -€51,181
down €51,181 (-94.4%), from €54,198 to €3,017
mainly Contributions, distributions and other (-€177,332) and Trade debts (-€8,700)
- Receivables within one year -€37,957
down €37,957 (-41.5%), from €91,473 to €53,516
of which Other amounts receivable: -€60,060
- Reserves -€119,127
no longer reported in 2025 (was €119,127)
- Tax, wage and social debts +€21,093
up €21,093 (+170.7%), from €12,359 to €33,452
of which Taxes: +€18,627
- Other debts +€17,126
up €17,126 (+468.0%), from €3,659 to €20,785
- Trade debts -€8,700
down €8,700 (-43.1%), from €20,185 to €11,485
- Gross operating margin +€66,720
up €66,720 (+88.3%), from €75,527 to €142,247
- Staff costs +€18,582
up €18,582 (+47.0%), from €39,522 to €58,104
- Taxes +€15,811
up €15,811 (+234.1%), from €6,753 to €22,564
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 | €158,329 | €68,964 | -€89,365 | -56.4% |
| Fixed assets | 21/28 | €402 | €77 | -€325 | -80.7% |
| Tangible fixed assets | 22/27 | €402 | €77 | -€325 | -80.7% |
| Plant, machinery and equipment | 23 | €402 | €77 | -€325 | -80.7% |
| Current assets | 29/58 | €157,927 | €68,887 | -€89,040 | -56.4% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,473 | €53,516 | -€37,957 | -41.5% |
| Trade receivables | 40 | €29,623 | €51,726 | +€22,103 | +74.6% |
| Other amounts receivable | 41 | €61,850 | €1,790 | -€60,060 | -97.1% |
| Current investments | 50/53 | €7,000 | €7,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,198 | €3,017 | -€51,181 | -94.4% |
| Deferred charges and accrued income | 490/1 | €256 | €353 | +€98 | +38.1% |
| Total equity and liabilities | 10/49 | €158,329 | €68,964 | -€89,365 | -56.4% |
| Equity | 10/15 | €122,127 | €3,000 | -€119,127 | -97.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €119,127 | - | -€119,127 | |
| Distributable reserves | 133 | €119,127 | - | -€119,127 | |
| Amounts payable | 17/49 | €36,203 | €65,964 | +€29,762 | +82.2% |
| Amounts payable within one year | 42/48 | €36,203 | €65,964 | +€29,762 | +82.2% |
| Financial debts | 43 | - | €243 | +€243 | |
| Credit institutions | 430/8 | - | €243 | +€243 | |
| Trade debts | 44 | €20,185 | €11,485 | -€8,700 | -43.1% |
| Suppliers | 440/4 | €20,185 | €11,485 | -€8,700 | -43.1% |
| Taxes, remuneration and social security | 45 | €12,359 | €33,452 | +€21,093 | +170.7% |
| Taxes | 450/3 | €6,753 | €25,380 | +€18,627 | +275.8% |
| Remuneration and social security | 454/9 | €5,605 | €8,071 | +€2,466 | +44.0% |
| Other amounts payable | 47/48 | €3,659 | €20,785 | +€17,126 | +468.0% |
| Remuneration, social security and pensions | 62 | €39,522 | €58,104 | +€18,582 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €325 | = | 0.0% |
| Other operating charges | 640/8 | €155 | €1,573 | +€1,418 | +916.5% |
| Gross operating margin | 9900 | €75,527 | €142,247 | +€66,720 | +88.3% |
| Operating profit (loss) | 9901 | €35,525 | €82,245 | +€46,719 | +131.5% |
| Financial income | 75/76B | €400 | €134 | -€266 | -66.5% |
| Recurring financial income | 75 | €400 | €134 | -€266 | -66.5% |
| Financial charges | 65/66B | €2,276 | €1,609 | -€667 | -29.3% |
| Recurring financial charges | 65 | €2,276 | €1,609 | -€667 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €33,650 | €80,770 | +€47,120 | +140.0% |
| Income taxes | 67/77 | €6,753 | €22,564 | +€15,811 | +234.1% |
| Profit (loss) for the period | 9904 | €26,896 | €58,206 | +€31,309 | +116.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,896 | €58,206 | +€31,309 | +116.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.