STUDIO 12: 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 12
Largest movements
- Cash +€22,940
up €22,940 (+91.2%), from €25,160 to €48,100
mainly Net result for the year (+€33,735) and Other debts (+€14,949)
- Receivables within one year +€8,254
up €8,254 (+53.4%), from €15,468 to €23,722
of which Trade receivables: +€7,875
- Other debts +€14,949
up €14,949 (+57.9%), from €25,807 to €40,756
- Tax, wage and social debts +€10,119
up €10,119 (+56.2%), from €17,990 to €28,109
- Trade debts +€5,267
up €5,267 (+799.6%), from €659 to €5,926
- Profit (loss) carried forward +€1,935
up €1,935, from -€1,935 to €0
- Current portion of long-term debt -€1,899
no longer reported in 2025 (was €1,899)
- Gross operating margin +€28,852
up €28,852 (+151.0%), from €19,106 to €47,958
- Taxes +€7,379
up €7,379 (+193.2%), from €3,819 to €11,198
- Depreciation -€3,301
down €3,301 (-63.1%), from €5,234 to €1,934
- Staff costs -€755
no longer reported in 2025 (was €755)
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 | €49,420 | €79,790 | +€30,371 | +61.5% |
| Fixed assets | 21/28 | €3,691 | €3,640 | -€51 | -1.4% |
| Tangible fixed assets | 22/27 | €3,191 | €3,140 | -€51 | -1.6% |
| Furniture and vehicles | 24 | €3,191 | €3,140 | -€51 | -1.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €45,729 | €76,150 | +€30,422 | +66.5% |
| Amounts receivable within one year | 40/41 | €15,468 | €23,722 | +€8,254 | +53.4% |
| Trade receivables | 40 | €15,468 | €23,344 | +€7,875 | +50.9% |
| Other amounts receivable | 41 | €0 | €379 | +€379 | |
| Cash at bank and in hand | 54/58 | €25,160 | €48,100 | +€22,940 | +91.2% |
| Deferred charges and accrued income | 490/1 | €5,101 | €4,328 | -€772 | -15.1% |
| Total equity and liabilities | 10/49 | €49,420 | €79,790 | +€30,371 | +61.5% |
| Equity | 10/15 | €3,065 | €5,000 | +€1,935 | +63.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,935 | €0 | +€1,935 | |
| Amounts payable | 17/49 | €46,355 | €74,790 | +€28,436 | +61.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €46,355 | €74,790 | +€28,436 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €1,899 | - | -€1,899 | |
| Trade debts | 44 | €659 | €5,926 | +€5,267 | +799.6% |
| Suppliers | 440/4 | €659 | €5,926 | +€5,267 | +799.6% |
| Taxes, remuneration and social security | 45 | €17,990 | €28,109 | +€10,119 | +56.2% |
| Taxes | 450/3 | €17,990 | €28,109 | +€10,119 | +56.2% |
| Other amounts payable | 47/48 | €25,807 | €40,756 | +€14,949 | +57.9% |
| Remuneration, social security and pensions | 62 | €755 | - | -€755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,234 | €1,934 | -€3,301 | -63.1% |
| Other operating charges | 640/8 | €908 | €569 | -€338 | -37.3% |
| Gross operating margin | 9900 | €19,106 | €47,958 | +€28,852 | +151.0% |
| Operating profit (loss) | 9901 | €12,209 | €45,455 | +€33,246 | +272.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €505 | €523 | +€18 | +3.6% |
| Recurring financial charges | 65 | €505 | €523 | +€18 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €11,704 | €44,933 | +€33,228 | +283.9% |
| Income taxes | 67/77 | €3,819 | €11,198 | +€7,379 | +193.2% |
| Profit (loss) for the period | 9904 | €7,885 | €33,735 | +€25,850 | +327.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,885 | €33,735 | +€25,850 | +327.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.