SansTitre 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.
SansTitre Studio
Largest movements
- Cash -€44,989
down €44,989 (-53.2%), from €84,590 to €39,600
mainly Net result for the year (-€18,522) and Tax, wage and social debts (-€16,100)
- Receivables within one year +€9,533
up €9,533 (+25.5%), from €37,354 to €46,887
of which Other amounts receivable: +€9,533
- Profit (loss) carried forward -€18,522
down €18,522, from €5,059 to -€13,463
- Tax, wage and social debts -€16,100
no longer reported in 2025 (was €16,100)
- Gross operating margin -€70,680
down €70,680, from €51,629 to -€19,051
- Taxes -€13,931
down €13,931 (-98.3%), from €14,179 to €247
- Financial income +€1,504
up €1,504 (+239%), from €629 to €2,132
- Other operating charges +€835
up €835 (+293%), from €285 to €1,120
- Depreciation -€702
no longer reported in 2025 (was €702)
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 | €121,944 | €86,487 | -€35,456 | -29.1% |
| Current assets | 29/58 | €121,944 | €86,487 | -€35,456 | -29.1% |
| Amounts receivable within one year | 40/41 | €37,354 | €46,887 | +€9,533 | +25.5% |
| Trade receivables | 40 | €23,518 | €23,518 | = | 0.0% |
| Other amounts receivable | 41 | €13,836 | €23,369 | +€9,533 | +68.9% |
| Cash at bank and in hand | 54/58 | €84,590 | €39,600 | -€44,989 | -53.2% |
| Total equity and liabilities | 10/49 | €121,944 | €86,487 | -€35,456 | -29.1% |
| Equity | 10/15 | €103,059 | €84,537 | -€18,522 | -18.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €97,000 | €97,000 | = | 0.0% |
| Distributable reserves | 133 | €97,000 | €97,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,059 | -€13,463 | -€18,522 | |
| Amounts payable | 17/49 | €18,885 | €1,950 | -€16,935 | -89.7% |
| Amounts payable within one year | 42/48 | €18,885 | €1,948 | -€16,937 | -89.7% |
| Trade debts | 44 | €2,785 | €1,948 | -€837 | -30.1% |
| Suppliers | 440/4 | €2,785 | €1,948 | -€837 | -30.1% |
| Taxes, remuneration and social security | 45 | €16,100 | - | -€16,100 | |
| Taxes | 450/3 | €16,100 | - | -€16,100 | |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €702 | - | -€702 | |
| Other operating charges | 640/8 | €285 | €1,120 | +€835 | +293% |
| Gross operating margin | 9900 | €51,629 | -€19,051 | -€70,680 | |
| Operating profit (loss) | 9901 | €50,642 | -€20,170 | -€70,812 | |
| Financial income | 75/76B | €629 | €2,132 | +€1,504 | +239% |
| Recurring financial income | 75 | €629 | €2,132 | +€1,504 | +239% |
| Financial charges | 65/66B | €756 | €236 | -€520 | -68.7% |
| Recurring financial charges | 65 | €756 | €236 | -€520 | -68.7% |
| Profit (loss) for the period before taxes | 9903 | €50,515 | -€18,274 | -€68,789 | |
| Income taxes | 67/77 | €14,179 | €247 | -€13,931 | -98.3% |
| Profit (loss) for the period | 9904 | €36,336 | -€18,522 | -€54,858 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,336 | -€18,522 | -€54,858 |
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.