STUDEO: 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.
STUDEO
Largest movements
- Cash -€82,067
down €82,067 (-56.6%), from €145,010 to €62,943
mainly Receivables within one year (-€72,632) and Contributions, distributions and other (-€41,500)
- Receivables within one year +€72,632
up €72,632 (+134.5%), from €54,011 to €126,644
of which Trade receivables: +€69,233
- Tangible fixed assets -€4,626
down €4,626 (-33.9%), from €13,662 to €9,036
of which Furniture and vehicles: -€3,022
- Deferred charges and accrued income -€2,469
down €2,469 (-69.9%), from €3,532 to €1,063
- Other debts +€24,413
up €24,413 (+31.6%), from €77,153 to €101,566
- Trade debts -€21,552
down €21,552 (-96.1%), from €22,434 to €882
- Tax, wage and social debts -€17,102
down €17,102 (-60.5%), from €28,258 to €11,157
of which Taxes: -€17,102
- Profit (loss) carried forward -€2,930
down €2,930 (-3.6%), from €80,716 to €77,786
- Gross operating margin -€29,439
down €29,439 (-34.7%), from €84,819 to €55,380
- Taxes -€5,655
down €5,655 (-33.5%), from €16,857 to €11,203
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 | €230,521 | €213,351 | -€17,170 | -7.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €27,967 | €22,701 | -€5,266 | -18.8% |
| Intangible fixed assets | 21 | €2,156 | €1,516 | -€640 | -29.7% |
| Tangible fixed assets | 22/27 | €13,662 | €9,036 | -€4,626 | -33.9% |
| Plant, machinery and equipment | 23 | €3,315 | €2,955 | -€360 | -10.9% |
| Furniture and vehicles | 24 | €5,434 | €2,412 | -€3,022 | -55.6% |
| Other tangible fixed assets | 26 | €4,913 | €3,669 | -€1,244 | -25.3% |
| Financial fixed assets | 28 | €12,150 | €12,150 | = | 0.0% |
| Current assets | 29/58 | €202,554 | €190,649 | -€11,904 | -5.9% |
| Amounts receivable within one year | 40/41 | €54,011 | €126,644 | +€72,632 | +134.5% |
| Trade receivables | 40 | €53,767 | €123,000 | +€69,233 | +128.8% |
| Other amounts receivable | 41 | €245 | €3,644 | +€3,399 | +1388.4% |
| Cash at bank and in hand | 54/58 | €145,010 | €62,943 | -€82,067 | -56.6% |
| Deferred charges and accrued income | 490/1 | €3,532 | €1,063 | -€2,469 | -69.9% |
| Total equity and liabilities | 10/49 | €230,521 | €213,351 | -€17,170 | -7.4% |
| Equity | 10/15 | €101,176 | €98,246 | -€2,930 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,716 | €77,786 | -€2,930 | -3.6% |
| Amounts payable | 17/49 | €129,345 | €115,105 | -€14,240 | -11.0% |
| Amounts payable within one year | 42/48 | €127,845 | €113,605 | -€14,240 | -11.1% |
| Trade debts | 44 | €22,434 | €882 | -€21,552 | -96.1% |
| Suppliers | 440/4 | €22,434 | €882 | -€21,552 | -96.1% |
| Taxes, remuneration and social security | 45 | €28,258 | €11,157 | -€17,102 | -60.5% |
| Taxes | 450/3 | €28,258 | €11,157 | -€17,102 | -60.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €77,153 | €101,566 | +€24,413 | +31.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,757 | €5,266 | -€491 | -8.5% |
| Other operating charges | 640/8 | €387 | €409 | +€22 | +5.8% |
| Gross operating margin | 9900 | €84,819 | €55,380 | -€29,439 | -34.7% |
| Operating profit (loss) | 9901 | €78,675 | €49,705 | -€28,970 | -36.8% |
| Financial income | 75/76B | €8 | €156 | +€148 | +1955.2% |
| Recurring financial income | 75 | €8 | €156 | +€148 | +1955.2% |
| Financial charges | 65/66B | €121 | €88 | -€33 | -27.1% |
| Recurring financial charges | 65 | €121 | €88 | -€33 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €78,562 | €49,773 | -€28,789 | -36.6% |
| Income taxes | 67/77 | €16,857 | €11,203 | -€5,655 | -33.5% |
| Profit (loss) for the period | 9904 | €61,705 | €38,570 | -€23,135 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,705 | €38,570 | -€23,135 | -37.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.