STUDIO 5 SUR 5: 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 5 SUR 5
Largest movements
- Receivables within one year -€42,287
down €42,287 (-25.4%), from €166,696 to €124,409
of which Other amounts receivable: -€95,608
- Other debts +€233,856
up €233,856 (+10,100%), from €2,315 to €236,171
- Tax, wage and social debts -€204,912
down €204,912 (-72.6%), from €282,390 to €77,478
of which Taxes: -€111,365
- Profit (loss) carried forward -€33,071
down €33,071 (-8.8%), from -€373,947 to -€407,018
- Trade debts -€28,484
down €28,484 (-39.5%), from €72,027 to €43,543
- Short-term financial debts -€13,704
down €13,704 (-44.1%), from €31,084 to €17,380
- Staff costs -€70,193
down €70,193 (-16.6%), from €423,025 to €352,833
- Gross operating margin +€21,801
up €21,801 (+6.5%), from €334,966 to €356,768
- Other operating charges +€5,090
up €5,090 (+79.1%), from €6,433 to €11,522
- Financial income -€4,053
down €4,053 (-100.0%), from €4,055 to €1
- Financial charges -€3,821
down €3,821 (-18.6%), from €20,496 to €16,674
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,093 | €141,947 | -€44,146 | -23.7% |
| Fixed assets | 21/28 | €18,598 | €16,852 | -€1,747 | -9.4% |
| Intangible fixed assets | 21 | €3,131 | €2,806 | -€325 | -10.4% |
| Tangible fixed assets | 22/27 | €15,208 | €13,786 | -€1,422 | -9.4% |
| Plant, machinery and equipment | 23 | €941 | €325 | -€617 | -65.5% |
| Furniture and vehicles | 24 | €6,789 | €8,028 | +€1,239 | +18.2% |
| Other tangible fixed assets | 26 | €7,477 | €5,433 | -€2,044 | -27.3% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €167,494 | €125,096 | -€42,399 | -25.3% |
| Amounts receivable within one year | 40/41 | €166,696 | €124,409 | -€42,287 | -25.4% |
| Trade receivables | 40 | €67,792 | €121,113 | +€53,321 | +78.7% |
| Other amounts receivable | 41 | €98,903 | €3,296 | -€95,608 | -96.7% |
| Deferred charges and accrued income | 490/1 | €799 | €687 | -€112 | -14.0% |
| Total equity and liabilities | 10/49 | €186,093 | €141,947 | -€44,146 | -23.7% |
| Equity | 10/15 | -€228,347 | -€261,418 | -€33,071 | -14.5% |
| Contributions | 10/11 | €145,600 | €145,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373,947 | -€407,018 | -€33,071 | -8.8% |
| Amounts payable | 17/49 | €414,440 | €403,365 | -€11,075 | -2.7% |
| Amounts payable after more than one year | 17 | €14,690 | €9,812 | -€4,878 | -33.2% |
| Financial debts | 170/4 | €14,690 | €9,812 | -€4,878 | -33.2% |
| Amounts payable within one year | 42/48 | €394,117 | €379,451 | -€14,665 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €6,300 | €4,878 | -€1,421 | -22.6% |
| Financial debts | 43 | €31,084 | €17,380 | -€13,704 | -44.1% |
| Credit institutions | 430/8 | €31,084 | €17,380 | -€13,704 | -44.1% |
| Trade debts | 44 | €72,027 | €43,543 | -€28,484 | -39.5% |
| Suppliers | 440/4 | €72,027 | €43,543 | -€28,484 | -39.5% |
| Taxes, remuneration and social security | 45 | €282,390 | €77,478 | -€204,912 | -72.6% |
| Taxes | 450/3 | €116,614 | €5,249 | -€111,365 | -95.5% |
| Remuneration and social security | 454/9 | €165,776 | €72,229 | -€93,547 | -56.4% |
| Other amounts payable | 47/48 | €2,315 | €236,171 | +€233,856 | +10,100% |
| Accrued charges and deferred income | 492/3 | €5,633 | €14,102 | +€8,469 | +150% |
| Remuneration, social security and pensions | 62 | €423,025 | €352,833 | -€70,193 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,938 | €8,811 | -€127 | -1.4% |
| Other operating charges | 640/8 | €6,433 | €11,522 | +€5,090 | +79.1% |
| Gross operating margin | 9900 | €334,966 | €356,768 | +€21,801 | +6.5% |
| Operating profit (loss) | 9901 | -€103,429 | -€16,398 | +€87,031 | +84.1% |
| Financial income | 75/76B | €4,055 | €1 | -€4,053 | -100.0% |
| Recurring financial income | 75 | €4,055 | €1 | -€4,053 | -100.0% |
| Financial charges | 65/66B | €20,496 | €16,674 | -€3,821 | -18.6% |
| Recurring financial charges | 65 | €20,496 | €16,674 | -€3,821 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€119,870 | -€33,071 | +€86,799 | +72.4% |
| Profit (loss) for the period | 9904 | -€119,870 | -€33,071 | +€86,799 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,870 | -€33,071 | +€86,799 | +72.4% |
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 18 October 2026 via checked.be.