StarterStudio: 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.
StarterStudio
Largest movements
- Tangible fixed assets +€57,830
up €57,830 (+298%), from €19,428 to €77,258
- Cash +€17,358
up €17,358 (+30.2%), from €57,524 to €74,882
mainly Debts after one year (+€38,775) and Net result for the year (+€29,616)
- Receivables within one year +€11,008
up €11,008 (+10,484%), from €105 to €11,113
of which Trade receivables: +€11,008
- Debts after one year +€38,775
up €38,775 (+366%), from €10,596 to €49,371
- Reserves +€25,000
up €25,000 (+100%), from €25,000 to €50,000
- Current portion of long-term debt +€15,726
up €15,726 (+352%), from €4,472 to €20,199
- Other debts -€10,189
down €10,189 (-74.8%), from €13,625 to €3,435
- Tax, wage and social debts +€8,582
up €8,582 (+54.0%), from €15,887 to €24,469
- Gross operating margin +€7,903
up €7,903 (+17.5%), from €45,167 to €53,070
- Depreciation +€4,330
up €4,330 (+77.7%), from €5,572 to €9,903
- Financial charges +€1,247
up €1,247 (+650%), from €192 to €1,438
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 | €77,830 | €164,178 | +€86,348 | +111% |
| Fixed assets | 21/28 | €19,428 | €77,258 | +€57,830 | +298% |
| Tangible fixed assets | 22/27 | €19,428 | €77,258 | +€57,830 | +298% |
| Furniture and vehicles | 24 | €19,428 | €77,258 | +€57,830 | +298% |
| Current assets | 29/58 | €58,403 | €86,920 | +€28,517 | +48.8% |
| Amounts receivable within one year | 40/41 | €105 | €11,113 | +€11,008 | +10,484% |
| Trade receivables | 40 | - | €11,008 | +€11,008 | |
| Other amounts receivable | 41 | €105 | €105 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,524 | €74,882 | +€17,358 | +30.2% |
| Deferred charges and accrued income | 490/1 | €774 | €925 | +€151 | +19.5% |
| Total equity and liabilities | 10/49 | €77,830 | €164,178 | +€86,348 | +111% |
| Equity | 10/15 | €32,404 | €62,021 | +€29,616 | +91.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,000 | €50,000 | +€25,000 | +100% |
| Distributable reserves | 133 | €25,000 | €50,000 | +€25,000 | +100% |
| Profit (loss) carried forward | 14 | €4,904 | €9,521 | +€4,616 | +94.1% |
| Amounts payable | 17/49 | €45,426 | €102,158 | +€56,731 | +125% |
| Amounts payable after more than one year | 17 | €10,596 | €49,371 | +€38,775 | +366% |
| Financial debts | 170/4 | €10,596 | €49,371 | +€38,775 | +366% |
| Amounts payable within one year | 42/48 | €34,830 | €52,786 | +€17,956 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | €4,472 | €20,199 | +€15,726 | +352% |
| Trade debts | 44 | €845 | €4,683 | +€3,838 | +454% |
| Suppliers | 440/4 | €845 | €4,683 | +€3,838 | +454% |
| Taxes, remuneration and social security | 45 | €15,887 | €24,469 | +€8,582 | +54.0% |
| Taxes | 450/3 | €15,887 | €24,469 | +€8,582 | +54.0% |
| Other amounts payable | 47/48 | €13,625 | €3,435 | -€10,189 | -74.8% |
| Non-recurring operating income | 76A | - | €1,398 | +€1,398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,572 | €9,903 | +€4,330 | +77.7% |
| Other operating charges | 640/8 | €1,154 | €1,212 | +€58 | +5.0% |
| Non-recurring operating charges | 66A | - | €2,311 | +€2,311 | |
| Gross operating margin | 9900 | €45,167 | €53,070 | +€7,903 | +17.5% |
| Operating profit (loss) | 9901 | €38,440 | €39,645 | +€1,204 | +3.1% |
| Financial income | 75/76B | €6 | €36 | +€30 | +528% |
| Recurring financial income | 75 | €6 | €36 | +€30 | +528% |
| Financial charges | 65/66B | €192 | €1,438 | +€1,247 | +650% |
| Recurring financial charges | 65 | €192 | €1,438 | +€1,247 | +650% |
| Profit (loss) for the period before taxes | 9903 | €38,254 | €38,242 | -€12 | 0.0% |
| Income taxes | 67/77 | €8,350 | €8,626 | +€276 | +3.3% |
| Profit (loss) for the period | 9904 | €29,904 | €29,616 | -€288 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,904 | €29,616 | -€288 | -1.0% |
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 28 October 2026 via checked.be.