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Set - Up Studios: 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.

What changed

Set - Up Studios

BE 0420.235.474
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,862
2024 · -€372-€1,490
Equity
-€389,675
2024 · -€387,813-€1,862
Cash
€2,314
2024 · €1,121+€1,193
Balance sheet total
€2,359
2024 · €1,739+€620

Largest movements

2024 to 2025
Assets
  • Cash +€1,193

    up €1,193 (+106.4%), from €1,121 to €2,314

    mainly Other debts (+€2,500) and Receivables within one year (+€573)

  • Receivables within one year -€573

    down €573 (-92.7%), from €618 to €45

    of which Other amounts receivable: -€306

Equity and liabilities
  • Other debts +€2,500

    up €2,500 (+0.6%), from €388,882 to €391,382

  • Profit (loss) carried forward -€1,862

    down €1,862 (-0.5%), from -€407,768 to -€409,631

Income statement
  • Gross operating margin -€2,547

    down €2,547, from €1,989 to -€558

  • Other operating charges -€1,051

    down €1,051 (-45.4%), from €2,316 to €1,265

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€372
Gross operating margin -€2,547
Other operating charges +€1,051
Financial income +€6
Result 2025 -€1,862

Cash bridge derived

cash 2024 to 2025

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.

From operations +€1,193
Investment €0
Financing €0
Cash 2024 €1,121
Net result for the year -€1,862
Receivables within one year +€573
Trade debts -€18
Other debts +€2,500
Cash 2025 €2,314
Every line side by side 27 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,739 €2,359 +€620 +35.7%
Current assets 29/58 €1,739 €2,359 +€620 +35.7%
Amounts receivable within one year 40/41 €618 €45 -€573 -92.7%
Trade receivables 40 €267 - -€267
Other amounts receivable 41 €351 €45 -€306 -87.1%
Cash at bank and in hand 54/58 €1,121 €2,314 +€1,193 +106.4%
Total equity and liabilities 10/49 €1,739 €2,359 +€620 +35.7%
Equity 10/15 -€387,813 -€389,675 -€1,862 -0.5%
Contributions 10/11 €18,592 €18,592 = 0.0%
Reserves 13 €1,363 €1,363 = 0.0%
Distributable reserves 133 €1,363 €1,363 = 0.0%
Profit (loss) carried forward 14 -€407,768 -€409,631 -€1,862 -0.5%
Amounts payable 17/49 €389,552 €392,034 +€2,482 +0.6%
Amounts payable within one year 42/48 €389,552 €392,034 +€2,482 +0.6%
Trade debts 44 €670 €652 -€18 -2.7%
Suppliers 440/4 €670 €652 -€18 -2.7%
Other amounts payable 47/48 €388,882 €391,382 +€2,500 +0.6%
Other operating charges 640/8 €2,316 €1,265 -€1,051 -45.4%
Gross operating margin 9900 €1,989 -€558 -€2,547
Operating profit (loss) 9901 -€327 -€1,823 -€1,496 -457.3%
Financial income 75/76B - €6 +€6
Recurring financial income 75 - €6 +€6
Financial charges 65/66B €45 €45 = 0.0%
Recurring financial charges 65 €45 €45 = 0.0%
Profit (loss) for the period before taxes 9903 -€372 -€1,862 -€1,490 -400.4%
Profit (loss) for the period 9904 -€372 -€1,862 -€1,490 -400.4%
Profit (loss) for the period to be appropriated 9905 -€372 -€1,862 -€1,490 -400.4%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.