Studio: 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.
Studio
Largest movements
- Receivables after one year +€3,000
up €3,000 (+2.6%), from €114,500 to €117,500
- Tangible fixed assets -€2,073
down €2,073 (-3.0%), from €68,932 to €66,859
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,876
up €1,876 (+63.5%), from €2,953 to €4,828
- Depreciation -€1,621
down €1,621 (-43.9%), from €3,695 to €2,073
- Financial charges +€443
up €443 (+3936.8%), from €11 to €454
- Other operating charges +€70
up €70 (+3.1%), from €2,281 to €2,351
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 | €183,972 | €185,231 | +€1,259 | +0.7% |
| Fixed assets | 21/28 | €68,932 | €66,859 | -€2,073 | -3.0% |
| Tangible fixed assets | 22/27 | €68,932 | €66,859 | -€2,073 | -3.0% |
| Land and buildings | 22 | €68,932 | €66,859 | -€2,073 | -3.0% |
| Current assets | 29/58 | €115,039 | €118,372 | +€3,333 | +2.9% |
| Amounts receivable after more than one year | 29 | €114,500 | €117,500 | +€3,000 | +2.6% |
| Other amounts receivable | 291 | €114,500 | €117,500 | +€3,000 | +2.6% |
| Cash at bank and in hand | 54/58 | €539 | €872 | +€333 | +61.7% |
| Total equity and liabilities | 10/49 | €183,972 | €185,231 | +€1,259 | +0.7% |
| Equity | 10/15 | €183,338 | €184,452 | +€1,115 | +0.6% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,602 | €35,716 | +€1,115 | +3.2% |
| Amounts payable | 17/49 | €634 | €778 | +€145 | +22.8% |
| Amounts payable within one year | 42/48 | €634 | €778 | +€145 | +22.8% |
| Trade debts | 44 | - | €357 | +€357 | |
| Suppliers | 440/4 | - | €357 | +€357 | |
| Other amounts payable | 47/48 | €634 | €422 | -€212 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,695 | €2,073 | -€1,621 | -43.9% |
| Other operating charges | 640/8 | €2,281 | €2,351 | +€70 | +3.1% |
| Gross operating margin | 9900 | €2,953 | €4,828 | +€1,876 | +63.5% |
| Operating profit (loss) | 9901 | -€3,023 | €404 | +€3,427 | |
| Financial income | 75/76B | €1,145 | €1,165 | +€20 | +1.7% |
| Recurring financial income | 75 | €1,145 | €1,165 | +€20 | +1.7% |
| Financial charges | 65/66B | €11 | €454 | +€443 | +3936.8% |
| Recurring financial charges | 65 | €11 | €454 | +€443 | +3936.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,890 | €1,115 | +€3,004 | |
| Profit (loss) for the period | 9904 | -€1,890 | €1,115 | +€3,004 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,890 | €1,115 | +€3,004 |
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 1 October 2026 via checked.be.