ST.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.
ST.Studio
Largest movements
- Tangible fixed assets -€6,204
down €6,204 (-17.0%), from €36,540 to €30,336
of which Other tangible fixed assets: -€4,457
- Stocks and contracts +€2,900
up €2,900 (+22.4%), from €12,963 to €15,863
- Cash -€2,468
down €2,468 (-22.3%), from €11,090 to €8,622
mainly Trade debts (-€5,993) and Debts after one year (-€4,312)
- Receivables within one year +€2,038
up €2,038 (+51.3%), from €3,970 to €6,008
- Other debts +€6,826
new in 2025: €6,826
- Trade debts -€5,993
down €5,993 (-64.1%), from €9,354 to €3,361
- Debts after one year -€4,312
down €4,312 (-18.2%), from €23,628 to €19,316
- Short-term financial debts -€1,280
no longer reported in 2025 (was €1,280)
- Tax, wage and social debts +€999
up €999 (+98.9%), from €1,010 to €2,009
- Gross operating margin +€1,699
up €1,699 (+23.2%), from €7,311 to €9,010
- Taxes +€720
up €720 (+1125.0%), from €64 to €784
- Depreciation -€313
down €313 (-4.8%), from €6,517 to €6,204
- Financial charges -€193
down €193 (-9.1%), from €2,119 to €1,926
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 | €68,163 | €64,429 | -€3,734 | -5.5% |
| Fixed assets | 21/28 | €40,140 | €33,936 | -€6,204 | -15.5% |
| Tangible fixed assets | 22/27 | €36,540 | €30,336 | -€6,204 | -17.0% |
| Plant, machinery and equipment | 23 | €450 | - | -€450 | |
| Furniture and vehicles | 24 | €3,061 | €1,764 | -€1,297 | -42.4% |
| Other tangible fixed assets | 26 | €33,029 | €28,572 | -€4,457 | -13.5% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €28,023 | €30,493 | +€2,470 | +8.8% |
| Stocks and contracts in progress | 3 | €12,963 | €15,863 | +€2,900 | +22.4% |
| Stocks | 30/36 | €12,963 | €15,863 | +€2,900 | +22.4% |
| Amounts receivable within one year | 40/41 | €3,970 | €6,008 | +€2,038 | +51.3% |
| Other amounts receivable | 41 | €3,970 | €6,008 | +€2,038 | +51.3% |
| Cash at bank and in hand | 54/58 | €11,090 | €8,622 | -€2,468 | -22.3% |
| Total equity and liabilities | 10/49 | €68,163 | €64,429 | -€3,734 | -5.5% |
| Equity | 10/15 | €28,805 | €28,605 | -€200 | -0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,805 | €23,605 | -€200 | -0.8% |
| Amounts payable | 17/49 | €39,358 | €35,824 | -€3,534 | -9.0% |
| Amounts payable after more than one year | 17 | €23,628 | €19,316 | -€4,312 | -18.2% |
| Financial debts | 170/4 | €23,628 | €19,316 | -€4,312 | -18.2% |
| Amounts payable within one year | 42/48 | €15,730 | €16,508 | +€778 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €4,086 | €4,312 | +€226 | +5.5% |
| Financial debts | 43 | €1,280 | - | -€1,280 | |
| Credit institutions | 430/8 | €1,280 | - | -€1,280 | |
| Trade debts | 44 | €9,354 | €3,361 | -€5,993 | -64.1% |
| Suppliers | 440/4 | €9,354 | €3,361 | -€5,993 | -64.1% |
| Taxes, remuneration and social security | 45 | €1,010 | €2,009 | +€999 | +98.9% |
| Taxes | 450/3 | €1,010 | €2,009 | +€999 | +98.9% |
| Other amounts payable | 47/48 | - | €6,826 | +€6,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,517 | €6,204 | -€313 | -4.8% |
| Other operating charges | 640/8 | €355 | €365 | +€10 | +2.8% |
| Gross operating margin | 9900 | €7,311 | €9,010 | +€1,699 | +23.2% |
| Operating profit (loss) | 9901 | €439 | €2,441 | +€2,002 | +456.0% |
| Financial income | 75/76B | €7 | €69 | +€62 | +885.7% |
| Recurring financial income | 75 | €7 | €69 | +€62 | +885.7% |
| Financial charges | 65/66B | €2,119 | €1,926 | -€193 | -9.1% |
| Recurring financial charges | 65 | €2,119 | €1,926 | -€193 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,673 | €584 | +€2,257 | |
| Income taxes | 67/77 | €64 | €784 | +€720 | +1125.0% |
| Profit (loss) for the period | 9904 | -€1,737 | -€200 | +€1,537 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,737 | -€200 | +€1,537 | +88.5% |
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.