S 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.
S STUDIO
Largest movements
- Cash -€15,011
down €15,011 (-62.2%), from €24,151 to €9,139
mainly Investment in fixed assets (net) (-€13,166) and Other debts (-€4,692)
- Tangible fixed assets +€7,728
up €7,728 (+106.0%), from €7,288 to €15,016
of which Furniture and vehicles: +€8,159
- Stocks and contracts +€1,681
up €1,681 (+48.0%), from €3,505 to €5,186
- Debts after one year +€4,899
new in 2024: €4,899
- Other debts -€4,692
down €4,692 (-70.7%), from €6,641 to €1,949
- Tax, wage and social debts -€3,292
down €3,292 (-36.8%), from €8,952 to €5,660
of which Taxes: -€5,393
- Trade debts -€2,687
down €2,687 (-74.3%), from €3,615 to €928
- Profit (loss) carried forward +€370
up €370 (+5.6%), from €6,624 to €6,995
- Turnover +€72,178
up €72,178 (+135.1%), from €53,410 to €125,588
- Purchases and services +€55,793
up €55,793 (+148.2%), from €37,659 to €93,452
- Staff costs +€18,355
up €18,355 (+306.2%), from €5,994 to €24,349
- Gross operating margin +€18,132
up €18,132 (+114.7%), from €15,812 to €33,943
- Depreciation +€4,793
up €4,793 (+743.0%), from €645 to €5,438
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,832 | €30,430 | -€5,403 | -15.1% |
| Fixed assets | 21/28 | €7,288 | €15,016 | +€7,728 | +106.0% |
| Tangible fixed assets | 22/27 | €7,288 | €15,016 | +€7,728 | +106.0% |
| Plant, machinery and equipment | 23 | €6,165 | €5,734 | -€431 | -7.0% |
| Furniture and vehicles | 24 | €1,123 | €9,282 | +€8,159 | +726.4% |
| Current assets | 29/58 | €28,545 | €15,413 | -€13,131 | -46.0% |
| Stocks and contracts in progress | 3 | €3,505 | €5,186 | +€1,681 | +48.0% |
| Stocks | 30/36 | €3,505 | €5,186 | +€1,681 | +48.0% |
| Amounts receivable within one year | 40/41 | €889 | €1,088 | +€199 | +22.4% |
| Trade receivables | 40 | €889 | €1,088 | +€199 | +22.4% |
| Cash at bank and in hand | 54/58 | €24,151 | €9,139 | -€15,011 | -62.2% |
| Total equity and liabilities | 10/49 | €35,832 | €30,430 | -€5,403 | -15.1% |
| Equity | 10/15 | €16,624 | €16,995 | +€370 | +2.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,624 | €6,995 | +€370 | +5.6% |
| Amounts payable | 17/49 | €19,208 | €13,435 | -€5,773 | -30.1% |
| Amounts payable after more than one year | 17 | - | €4,899 | +€4,899 | |
| Other amounts payable | 178/9 | - | €4,899 | +€4,899 | |
| Amounts payable within one year | 42/48 | €19,208 | €8,537 | -€10,672 | -55.6% |
| Trade debts | 44 | €3,615 | €928 | -€2,687 | -74.3% |
| Suppliers | 440/4 | €3,615 | €928 | -€2,687 | -74.3% |
| Taxes, remuneration and social security | 45 | €8,952 | €5,660 | -€3,292 | -36.8% |
| Taxes | 450/3 | €8,203 | €2,810 | -€5,393 | -65.7% |
| Remuneration and social security | 454/9 | €749 | €2,850 | +€2,101 | +280.6% |
| Other amounts payable | 47/48 | €6,641 | €1,949 | -€4,692 | -70.7% |
| Turnover | 70 | €53,410 | €125,588 | +€72,178 | +135.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,659 | €93,452 | +€55,793 | +148.2% |
| Remuneration, social security and pensions | 62 | €5,994 | €24,349 | +€18,355 | +306.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €645 | €5,438 | +€4,793 | +743.0% |
| Other operating charges | 640/8 | €384 | €1,297 | +€913 | +237.5% |
| Gross operating margin | 9900 | €15,812 | €33,943 | +€18,132 | +114.7% |
| Operating profit (loss) | 9901 | €8,788 | €2,859 | -€5,929 | -67.5% |
| Financial income | 75/76B | €533 | €101 | -€431 | -81.0% |
| Recurring financial income | 75 | €533 | €101 | -€431 | -81.0% |
| Financial charges | 65/66B | €1 | €87 | +€87 | +17000.0% |
| Recurring financial charges | 65 | €1 | €87 | +€87 | +17000.0% |
| Profit (loss) for the period before taxes | 9903 | €9,320 | €2,874 | -€6,447 | -69.2% |
| Income taxes | 67/77 | €1,896 | €1,644 | -€252 | -13.3% |
| Profit (loss) for the period | 9904 | €7,424 | €1,229 | -€6,195 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,424 | €1,229 | -€6,195 | -83.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.