R.N. 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.
R.N. Studio
Largest movements
- Tangible fixed assets -€30,936
down €30,936 (-19.2%), from €161,130 to €130,195
of which Assets under construction and advance payments: -€52,126
- Receivables within one year -€20,963
down €20,963 (-70.0%), from €29,931 to €8,968
of which Trade receivables: -€11,679
- Cash +€3,357
up €3,357 (+174.0%), from €1,929 to €5,286
mainly Receivables within one year (+€20,963) and Trade debts (+€17,853)
- Debts after one year -€48,965
down €48,965 (-42.1%), from €116,438 to €67,473
of which Other amounts payable: -€47,527
- Profit (loss) carried forward -€19,453
down €19,453 (-84.1%), from -€23,144 to -€42,596
- Trade debts +€17,853
up €17,853 (+40.9%), from €43,679 to €61,532
- Tax, wage and social debts +€5,476
up €5,476 (+160.0%), from €3,422 to €8,898
of which Remuneration and social security: +€4,015
- Current portion of long-term debt -€2,712
down €2,712 (-65.4%), from €4,150 to €1,438
- Gross operating margin +€38,781
up €38,781 (+84.8%), from €45,753 to €84,534
- Financial charges +€6,147
up €6,147 (+260.1%), from €2,363 to €8,510
- Staff costs +€3,544
up €3,544 (+182.8%), from €1,939 to €5,483
- Depreciation -€2,993
down €2,993 (-15.5%), from €19,330 to €16,337
- Other operating charges -€2,475
down €2,475 (-86.3%), from €2,869 to €393
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 | €213,090 | €164,548 | -€48,542 | -22.8% |
| Fixed assets | 21/28 | €181,230 | €150,295 | -€30,936 | -17.1% |
| Tangible fixed assets | 22/27 | €161,130 | €130,195 | -€30,936 | -19.2% |
| Plant, machinery and equipment | 23 | €95,021 | €124,858 | +€29,837 | +31.4% |
| Furniture and vehicles | 24 | €13,396 | €4,749 | -€8,646 | -64.5% |
| Assets under construction and advance payments | 27 | €52,714 | €587 | -€52,126 | -98.9% |
| Financial fixed assets | 28 | €20,100 | €20,100 | = | 0.0% |
| Current assets | 29/58 | €31,860 | €14,253 | -€17,607 | -55.3% |
| Amounts receivable within one year | 40/41 | €29,931 | €8,968 | -€20,963 | -70.0% |
| Trade receivables | 40 | €20,647 | €8,968 | -€11,679 | -56.6% |
| Other amounts receivable | 41 | €9,284 | - | -€9,284 | |
| Cash at bank and in hand | 54/58 | €1,929 | €5,286 | +€3,357 | +174.0% |
| Total equity and liabilities | 10/49 | €213,090 | €164,548 | -€48,542 | -22.8% |
| Equity | 10/15 | -€3,144 | -€22,596 | -€19,453 | -618.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,144 | -€42,596 | -€19,453 | -84.1% |
| Amounts payable | 17/49 | €216,234 | €187,144 | -€29,090 | -13.5% |
| Amounts payable after more than one year | 17 | €116,438 | €67,473 | -€48,965 | -42.1% |
| Financial debts | 170/4 | €1,438 | - | -€1,438 | |
| Other amounts payable | 178/9 | €115,000 | €67,473 | -€47,527 | -41.3% |
| Amounts payable within one year | 42/48 | €99,796 | €119,672 | +€19,875 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €4,150 | €1,438 | -€2,712 | -65.4% |
| Trade debts | 44 | €43,679 | €61,532 | +€17,853 | +40.9% |
| Suppliers | 440/4 | €43,679 | €61,532 | +€17,853 | +40.9% |
| Taxes, remuneration and social security | 45 | €3,422 | €8,898 | +€5,476 | +160.0% |
| Taxes | 450/3 | - | €1,461 | +€1,461 | |
| Remuneration and social security | 454/9 | €3,422 | €7,437 | +€4,015 | +117.3% |
| Other amounts payable | 47/48 | €48,545 | €47,804 | -€741 | -1.5% |
| Remuneration, social security and pensions | 62 | €1,939 | €5,483 | +€3,544 | +182.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,330 | €16,337 | -€2,993 | -15.5% |
| Other operating charges | 640/8 | €2,869 | €393 | -€2,475 | -86.3% |
| Non-recurring operating charges | 66A | - | €73,263 | +€73,263 | |
| Gross operating margin | 9900 | €45,753 | €84,534 | +€38,781 | +84.8% |
| Operating profit (loss) | 9901 | €21,615 | -€10,942 | -€32,558 | |
| Financial income | 75/76B | €148 | - | -€148 | |
| Recurring financial income | 75 | €148 | - | -€148 | |
| Financial charges | 65/66B | €2,363 | €8,510 | +€6,147 | +260.1% |
| Recurring financial charges | 65 | €2,363 | €8,510 | +€6,147 | +260.1% |
| Profit (loss) for the period before taxes | 9903 | €19,400 | -€19,453 | -€38,853 | |
| Profit (loss) for the period | 9904 | €19,400 | -€19,453 | -€38,853 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,400 | -€19,453 | -€38,853 |
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 12 October 2026 via checked.be.