Studio 52: 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 52
Largest movements
- Tangible fixed assets -€12,168
down €12,168 (-25.3%), from €48,153 to €35,985
- Receivables within one year -€7,020
down €7,020 (-49.5%), from €14,172 to €7,152
of which Trade receivables: -€5,885
- Cash +€3,634
up €3,634 (+141.8%), from €2,562 to €6,196
mainly Debts after one year (+€120,000) and Depreciation (+€13,736)
- Stocks and contracts -€2,740
down €2,740 (-18.1%), from €15,160 to €12,420
- Debts after one year +€120,000
new in 2025: €120,000
- Other debts -€104,141
down €104,141 (-82.8%), from €125,710 to €21,569
- Profit (loss) carried forward -€33,493
down €33,493 (-59.2%), from -€56,558 to -€90,051
- Trade debts -€1,582
down €1,582 (-74.4%), from €2,127 to €545
- Gross operating margin +€9,784
up €9,784 (+35.1%), from -€27,892 to -€18,108
- Depreciation +€1,033
up €1,033 (+8.1%), from €12,703 to €13,736
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 | €81,279 | €62,823 | -€18,456 | -22.7% |
| Fixed assets | 21/28 | €48,153 | €35,985 | -€12,168 | -25.3% |
| Tangible fixed assets | 22/27 | €48,153 | €35,985 | -€12,168 | -25.3% |
| Furniture and vehicles | 24 | €48,153 | €35,985 | -€12,168 | -25.3% |
| Current assets | 29/58 | €33,127 | €26,838 | -€6,289 | -19.0% |
| Stocks and contracts in progress | 3 | €15,160 | €12,420 | -€2,740 | -18.1% |
| Stocks | 30/36 | €15,160 | €12,420 | -€2,740 | -18.1% |
| Amounts receivable within one year | 40/41 | €14,172 | €7,152 | -€7,020 | -49.5% |
| Trade receivables | 40 | €13,037 | €7,152 | -€5,885 | -45.1% |
| Other amounts receivable | 41 | €1,135 | - | -€1,135 | |
| Cash at bank and in hand | 54/58 | €2,562 | €6,196 | +€3,634 | +141.8% |
| Deferred charges and accrued income | 490/1 | €1,233 | €1,070 | -€163 | -13.2% |
| Total equity and liabilities | 10/49 | €81,279 | €62,823 | -€18,456 | -22.7% |
| Equity | 10/15 | -€46,558 | -€80,051 | -€33,493 | -71.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,558 | -€90,051 | -€33,493 | -59.2% |
| Amounts payable | 17/49 | €127,837 | €142,874 | +€15,037 | +11.8% |
| Amounts payable after more than one year | 17 | - | €120,000 | +€120,000 | |
| Other amounts payable | 178/9 | - | €120,000 | +€120,000 | |
| Amounts payable within one year | 42/48 | €127,837 | €22,874 | -€104,963 | -82.1% |
| Trade debts | 44 | €2,127 | €545 | -€1,582 | -74.4% |
| Suppliers | 440/4 | €2,127 | €545 | -€1,582 | -74.4% |
| Taxes, remuneration and social security | 45 | - | €761 | +€761 | |
| Taxes | 450/3 | - | €761 | +€761 | |
| Other amounts payable | 47/48 | €125,710 | €21,569 | -€104,141 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,703 | €13,736 | +€1,033 | +8.1% |
| Other operating charges | 640/8 | €761 | €922 | +€162 | +21.3% |
| Non-recurring operating charges | 66A | - | €364 | +€364 | |
| Gross operating margin | 9900 | -€27,892 | -€18,108 | +€9,784 | +35.1% |
| Operating profit (loss) | 9901 | -€41,355 | -€33,130 | +€8,225 | +19.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.0% |
| Financial charges | 65/66B | €124 | €132 | +€9 | +7.0% |
| Recurring financial charges | 65 | €124 | €132 | +€9 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,477 | -€33,262 | +€8,215 | +19.8% |
| Income taxes | 67/77 | €307 | €231 | -€77 | -24.9% |
| Profit (loss) for the period | 9904 | -€41,784 | -€33,493 | +€8,291 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,784 | -€33,493 | +€8,291 | +19.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.