STUDIO 3/4: 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 3/4
Largest movements
- Cash -€3,615
down €3,615 (-13.5%), from €26,745 to €23,130
mainly Other debts (-€9,724) and Tax, wage and social debts (-€2,929)
- Receivables within one year +€860
up €860 (+10.9%), from €7,858 to €8,718
of which Other amounts receivable: +€2,830
- Other debts -€9,724
down €9,724 (-82.9%), from €11,727 to €2,004
- Profit (loss) carried forward +€6,513
up €6,513 (+16.9%), from €38,462 to €44,975
- Short-term financial debts +€3,525
new in 2025: €3,525
- Tax, wage and social debts -€2,929
down €2,929 (-22.5%), from €13,002 to €10,073
- Gross operating margin -€34,710
down €34,710 (-72.7%), from €47,750 to €13,040
- Taxes -€8,519
down €8,519 (-71.3%), from €11,943 to €3,423
- Depreciation +€600
up €600 (+48.4%), from €1,241 to €1,841
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 | €71,753 | €68,555 | -€3,199 | -4.5% |
| Fixed assets | 21/28 | €35,670 | €35,629 | -€41 | -0.1% |
| Tangible fixed assets | 22/27 | €35,670 | €35,629 | -€41 | -0.1% |
| Land and buildings | 22 | €35,670 | €35,629 | -€41 | -0.1% |
| Current assets | 29/58 | €36,083 | €32,925 | -€3,158 | -8.8% |
| Amounts receivable within one year | 40/41 | €7,858 | €8,718 | +€860 | +10.9% |
| Trade receivables | 40 | €7,858 | €5,888 | -€1,970 | -25.1% |
| Other amounts receivable | 41 | €0 | €2,830 | +€2,830 | |
| Cash at bank and in hand | 54/58 | €26,745 | €23,130 | -€3,615 | -13.5% |
| Deferred charges and accrued income | 490/1 | €1,480 | €1,077 | -€403 | -27.2% |
| Total equity and liabilities | 10/49 | €71,753 | €68,555 | -€3,199 | -4.5% |
| Equity | 10/15 | €43,462 | €49,975 | +€6,513 | +15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,462 | €44,975 | +€6,513 | +16.9% |
| Amounts payable | 17/49 | €28,291 | €18,580 | -€9,712 | -34.3% |
| Amounts payable within one year | 42/48 | €28,291 | €18,580 | -€9,712 | -34.3% |
| Financial debts | 43 | - | €3,525 | +€3,525 | |
| Credit institutions | 430/8 | - | €3,525 | +€3,525 | |
| Trade debts | 44 | €3,562 | €2,978 | -€585 | -16.4% |
| Suppliers | 440/4 | €3,562 | €2,978 | -€585 | -16.4% |
| Taxes, remuneration and social security | 45 | €13,002 | €10,073 | -€2,929 | -22.5% |
| Taxes | 450/3 | €13,002 | €10,073 | -€2,929 | -22.5% |
| Other amounts payable | 47/48 | €11,727 | €2,004 | -€9,724 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,241 | €1,841 | +€600 | +48.4% |
| Other operating charges | 640/8 | €738 | €791 | +€53 | +7.1% |
| Gross operating margin | 9900 | €47,750 | €13,040 | -€34,710 | -72.7% |
| Operating profit (loss) | 9901 | €45,772 | €10,409 | -€35,363 | -77.3% |
| Financial charges | 65/66B | €506 | €472 | -€33 | -6.6% |
| Recurring financial charges | 65 | €506 | €472 | -€33 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €45,266 | €9,936 | -€35,330 | -78.0% |
| Income taxes | 67/77 | €11,943 | €3,423 | -€8,519 | -71.3% |
| Profit (loss) for the period | 9904 | €33,323 | €6,513 | -€26,810 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,323 | €6,513 | -€26,810 | -80.5% |
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 14 October 2026 via checked.be.