STUDIO '05: 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.
STUDIO '05
Largest movements
- Receivables within one year +€8,350
up €8,350 (+16.4%), from €51,030 to €59,380
of which Trade receivables: +€13,940
- Cash +€7,591
up €7,591 (+144.5%), from €5,255 to €12,845
mainly Other debts (+€34,610) and Net result for the year (+€28,828)
- Trade debts -€61,536
down €61,536 (-51.8%), from €118,896 to €57,360
- Other debts +€34,610
up €34,610, from €0 to €34,610
- Reserves +€28,828
up €28,828 (+86.5%), from €33,320 to €62,148
- Tax, wage and social debts +€13,154
up €13,154 (+58.2%), from €22,616 to €35,770
of which Remuneration and social security: +€8,687
- Current portion of long-term debt +€3,125
up €3,125 (+62.2%), from €5,021 to €8,147
- Gross operating margin +€47,560
up €47,560 (+38.1%), from €124,993 to €172,553
- Staff costs +€26,455
up €26,455 (+33.8%), from €78,271 to €104,726
- Depreciation +€4,736
up €4,736 (+22.6%), from €20,914 to €25,650
- Taxes +€4,460
up €4,460 (+73.1%), from €6,104 to €10,565
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 | €198,563 | €217,016 | +€18,453 | +9.3% |
| Fixed assets | 21/28 | €134,505 | €135,568 | +€1,064 | +0.8% |
| Intangible fixed assets | 21 | €2,055 | €1,463 | -€593 | -28.8% |
| Tangible fixed assets | 22/27 | €132,129 | €133,493 | +€1,364 | +1.0% |
| Plant, machinery and equipment | 23 | €4,525 | €3,220 | -€1,305 | -28.8% |
| Furniture and vehicles | 24 | €22,194 | €30,204 | +€8,010 | +36.1% |
| Other tangible fixed assets | 26 | €105,410 | €100,069 | -€5,341 | -5.1% |
| Financial fixed assets | 28 | €320 | €612 | +€292 | +91.3% |
| Current assets | 29/58 | €64,058 | €81,448 | +€17,390 | +27.1% |
| Stocks and contracts in progress | 3 | €1,908 | €1,790 | -€118 | -6.2% |
| Stocks | 30/36 | €1,908 | €1,790 | -€118 | -6.2% |
| Amounts receivable within one year | 40/41 | €51,030 | €59,380 | +€8,350 | +16.4% |
| Trade receivables | 40 | €45,440 | €59,380 | +€13,940 | +30.7% |
| Other amounts receivable | 41 | €5,590 | €0 | -€5,590 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,255 | €12,845 | +€7,591 | +144.5% |
| Deferred charges and accrued income | 490/1 | €5,866 | €7,432 | +€1,567 | +26.7% |
| Total equity and liabilities | 10/49 | €198,563 | €217,016 | +€18,453 | +9.3% |
| Equity | 10/15 | €36,320 | €65,148 | +€28,828 | +79.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,320 | €62,148 | +€28,828 | +86.5% |
| Distributable reserves | 133 | €33,320 | €62,148 | +€28,828 | +86.5% |
| Amounts payable | 17/49 | €162,243 | €151,868 | -€10,374 | -6.4% |
| Amounts payable after more than one year | 17 | €14,460 | €15,981 | +€1,521 | +10.5% |
| Financial debts | 170/4 | €14,460 | €15,981 | +€1,521 | +10.5% |
| Amounts payable within one year | 42/48 | €146,533 | €135,887 | -€10,647 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €5,021 | €8,147 | +€3,125 | +62.2% |
| Trade debts | 44 | €118,896 | €57,360 | -€61,536 | -51.8% |
| Suppliers | 440/4 | €118,896 | €57,360 | -€61,536 | -51.8% |
| Taxes, remuneration and social security | 45 | €22,616 | €35,770 | +€13,154 | +58.2% |
| Taxes | 450/3 | €9,368 | €13,835 | +€4,467 | +47.7% |
| Remuneration and social security | 454/9 | €13,248 | €21,935 | +€8,687 | +65.6% |
| Other amounts payable | 47/48 | €0 | €34,610 | +€34,610 | |
| Accrued charges and deferred income | 492/3 | €1,249 | €0 | -€1,249 | -100.0% |
| Remuneration, social security and pensions | 62 | €78,271 | €104,726 | +€26,455 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,914 | €25,650 | +€4,736 | +22.6% |
| Other operating charges | 640/8 | €1,838 | €706 | -€1,133 | -61.6% |
| Gross operating margin | 9900 | €124,993 | €172,553 | +€47,560 | +38.1% |
| Operating profit (loss) | 9901 | €23,970 | €41,471 | +€17,501 | +73.0% |
| Financial income | 75/76B | €1 | €586 | +€585 | +57365.7% |
| Recurring financial income | 75 | €1 | €586 | +€585 | +57365.7% |
| Financial charges | 65/66B | €1,858 | €2,665 | +€806 | +43.4% |
| Recurring financial charges | 65 | €1,858 | €2,665 | +€806 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €22,112 | €39,392 | +€17,280 | +78.1% |
| Income taxes | 67/77 | €6,104 | €10,565 | +€4,460 | +73.1% |
| Profit (loss) for the period | 9904 | €16,008 | €28,828 | +€12,819 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,008 | €28,828 | +€12,819 | +80.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.