R-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-Studio
Largest movements
- Receivables within one year +€149,004
up €149,004 (+1,013%), from €14,703 to €163,707
of which Trade receivables: +€149,141
- Receivables after one year +€105,937
new in 2025: €105,937
- Cash -€28,423
down €28,423 (-40.5%), from €70,104 to €41,681
mainly Receivables within one year (-€149,004) and Receivables after one year (-€105,937)
- Stocks and contracts +€9,548
new in 2025: €9,548
- Trade debts +€210,614
up €210,614 (+2,294%), from €9,180 to €219,794
- Reserves +€19,683
up €19,683 (+28.4%), from €69,320 to €89,003
- Accrued charges and deferred income +€4,163
up €4,163 (+3,795%), from €110 to €4,273
- Gross operating margin +€18,171
up €18,171 (+257%), from €7,067 to €25,238
- Financial charges +€2,715
up €2,715 (+142%), from €1,915 to €4,630
- Taxes +€1,315
new in 2025: €1,315
- Financial income +€937
new in 2025: €937
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 | €84,807 | €322,266 | +€237,459 | +280% |
| Current assets | 29/58 | €84,807 | €322,266 | +€237,459 | +280% |
| Amounts receivable after more than one year | 29 | - | €105,937 | +€105,937 | |
| Other amounts receivable | 291 | - | €105,937 | +€105,937 | |
| Stocks and contracts in progress | 3 | - | €9,548 | +€9,548 | |
| Stocks | 30/36 | - | €9,548 | +€9,548 | |
| Amounts receivable within one year | 40/41 | €14,703 | €163,707 | +€149,004 | +1,013% |
| Trade receivables | 40 | €10,571 | €159,712 | +€149,141 | +1,411% |
| Other amounts receivable | 41 | €4,132 | €3,995 | -€137 | -3.3% |
| Cash at bank and in hand | 54/58 | €70,104 | €41,681 | -€28,423 | -40.5% |
| Deferred charges and accrued income | 490/1 | - | €1,393 | +€1,393 | |
| Total equity and liabilities | 10/49 | €84,807 | €322,266 | +€237,459 | +280% |
| Equity | 10/15 | €75,517 | €95,201 | +€19,683 | +26.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €69,320 | €89,003 | +€19,683 | +28.4% |
| Distributable reserves | 133 | €69,320 | €89,003 | +€19,683 | +28.4% |
| Amounts payable | 17/49 | €9,289 | €227,065 | +€217,776 | +2,344% |
| Amounts payable within one year | 42/48 | €9,180 | €222,792 | +€213,613 | +2,327% |
| Trade debts | 44 | €9,180 | €219,794 | +€210,614 | +2,294% |
| Suppliers | 440/4 | €9,180 | €219,794 | +€210,614 | +2,294% |
| Taxes, remuneration and social security | 45 | - | €2,999 | +€2,999 | |
| Remuneration and social security | 454/9 | - | €2,999 | +€2,999 | |
| Accrued charges and deferred income | 492/3 | €110 | €4,273 | +€4,163 | +3,795% |
| Other operating charges | 640/8 | €721 | €547 | -€175 | -24.2% |
| Gross operating margin | 9900 | €7,067 | €25,238 | +€18,171 | +257% |
| Operating profit (loss) | 9901 | €6,346 | €24,691 | +€18,346 | +289% |
| Financial income | 75/76B | - | €937 | +€937 | |
| Recurring financial income | 75 | - | €937 | +€937 | |
| Financial charges | 65/66B | €1,915 | €4,630 | +€2,715 | +142% |
| Recurring financial charges | 65 | €1,915 | €4,630 | +€2,715 | +142% |
| Profit (loss) for the period before taxes | 9903 | €4,430 | €20,998 | +€16,568 | +374% |
| Income taxes | 67/77 | - | €1,315 | +€1,315 | |
| Profit (loss) for the period | 9904 | €4,430 | €19,683 | +€15,253 | +344% |
| Profit (loss) for the period to be appropriated | 9905 | €4,430 | €19,683 | +€15,253 | +344% |
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 15 October 2026 via checked.be.