STUDIO 1 2 3: 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 1 2 3
Largest movements
- Tangible fixed assets -€1,574
down €1,574 (-49.3%), from €3,193 to €1,619
of which Plant, machinery and equipment: -€883
- Receivables within one year -€835
down €835 (-61.4%), from €1,360 to €525
of which Trade receivables: -€918
- Cash -€615
down €615 (-100.0%), from €615 to €0
mainly Net result for the year (-€6,203) and Tax, wage and social debts (-€1,016)
- Deferred charges and accrued income -€96
down €96 (-42.9%), from €223 to €127
- Profit (loss) carried forward -€6,203
down €6,203 (-11.9%), from -€52,347 to -€58,551
- Other debts +€4,100
up €4,100 (+11.0%), from €37,191 to €41,291
- Tax, wage and social debts -€1,016
down €1,016 (-54.8%), from €1,853 to €837
- Gross operating margin -€16,994
down €16,994, from €13,453 to -€3,541
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 | €5,391 | €2,272 | -€3,119 | -57.9% |
| Fixed assets | 21/28 | €3,193 | €1,619 | -€1,574 | -49.3% |
| Tangible fixed assets | 22/27 | €3,193 | €1,619 | -€1,574 | -49.3% |
| Plant, machinery and equipment | 23 | €2,503 | €1,619 | -€883 | -35.3% |
| Furniture and vehicles | 24 | €691 | - | -€691 | |
| Current assets | 29/58 | €2,198 | €653 | -€1,545 | -70.3% |
| Amounts receivable within one year | 40/41 | €1,360 | €525 | -€835 | -61.4% |
| Trade receivables | 40 | €1,360 | €442 | -€918 | -67.5% |
| Other amounts receivable | 41 | - | €83 | +€83 | |
| Cash at bank and in hand | 54/58 | €615 | €0 | -€615 | -100.0% |
| Deferred charges and accrued income | 490/1 | €223 | €127 | -€96 | -42.9% |
| Total equity and liabilities | 10/49 | €5,391 | €2,272 | -€3,119 | -57.9% |
| Equity | 10/15 | -€33,797 | -€40,001 | -€6,203 | -18.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,347 | -€58,551 | -€6,203 | -11.9% |
| Amounts payable | 17/49 | €39,189 | €42,273 | +€3,084 | +7.9% |
| Amounts payable within one year | 42/48 | €39,189 | €42,273 | +€3,084 | +7.9% |
| Advances received on contracts in progress | 46 | €145 | €145 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,853 | €837 | -€1,016 | -54.8% |
| Taxes | 450/3 | €1,853 | €837 | -€1,016 | -54.8% |
| Other amounts payable | 47/48 | €37,191 | €41,291 | +€4,100 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €1,574 | -€97 | -5.8% |
| Other operating charges | 640/8 | €1,124 | €1,058 | -€65 | -5.8% |
| Gross operating margin | 9900 | €13,453 | -€3,541 | -€16,994 | |
| Operating profit (loss) | 9901 | €10,658 | -€6,173 | -€16,831 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €27 | €41 | +€14 | +51.2% |
| Recurring financial charges | 65 | €27 | €41 | +€14 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €10,631 | -€6,203 | -€16,834 | |
| Income taxes | 67/77 | €132 | - | -€132 | |
| Profit (loss) for the period | 9904 | €10,499 | -€6,203 | -€16,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,499 | -€6,203 | -€16,703 |
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 26 October 2026 via checked.be.