STUDIO 76: 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 76
Largest movements
- Tangible fixed assets -€60,560
down €60,560 (-7.6%), from €793,318 to €732,758
of which Land and buildings: -€51,763
- Deferred charges and accrued income -€23,517
down €23,517 (-77.9%), from €30,174 to €6,657
- Receivables within one year -€15,397
down €15,397 (-41.1%), from €37,426 to €22,030
of which Trade receivables: -€11,382
- Short-term financial debts -€106,000
no longer reported in 2025 (was €106,000)
- Debts after one year -€105,140
down €105,140 (-28.6%), from €367,870 to €262,730
- Other debts +€99,052
up €99,052 (+148%), from €66,772 to €165,825
- Reserves +€16,100
up €16,100 (+8.9%), from €179,982 to €196,082
of which Distributable reserves: +€16,100
- Gross operating margin -€97,936
down €97,936 (-46.8%), from €209,434 to €111,498
- Staff costs -€76,006
no longer reported in 2025 (was €76,006)
- Financial charges -€10,949
down €10,949 (-31.3%), from €35,011 to €24,062
- Depreciation -€6,900
down €6,900 (-10.1%), from €68,504 to €61,604
- Other operating charges -€2,914
down €2,914 (-43.3%), from €6,738 to €3,823
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 | €885,580 | €780,263 | -€105,317 | -11.9% |
| Fixed assets | 21/28 | €793,318 | €732,758 | -€60,560 | -7.6% |
| Tangible fixed assets | 22/27 | €793,318 | €732,758 | -€60,560 | -7.6% |
| Land and buildings | 22 | €775,374 | €723,611 | -€51,763 | -6.7% |
| Plant, machinery and equipment | 23 | €804 | - | -€804 | |
| Furniture and vehicles | 24 | €17,140 | €9,147 | -€7,993 | -46.6% |
| Current assets | 29/58 | €92,262 | €47,505 | -€44,757 | -48.5% |
| Amounts receivable within one year | 40/41 | €37,426 | €22,030 | -€15,397 | -41.1% |
| Trade receivables | 40 | €12,679 | €1,297 | -€11,382 | -89.8% |
| Other amounts receivable | 41 | €24,747 | €20,732 | -€4,015 | -16.2% |
| Current investments | 50/53 | €13,000 | €13,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,662 | €5,818 | -€5,844 | -50.1% |
| Deferred charges and accrued income | 490/1 | €30,174 | €6,657 | -€23,517 | -77.9% |
| Total equity and liabilities | 10/49 | €885,580 | €780,263 | -€105,317 | -11.9% |
| Equity | 10/15 | €205,011 | €221,133 | +€16,122 | +7.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €179,982 | €196,082 | +€16,100 | +8.9% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Other | 1319 | €13,000 | €13,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €159,482 | €175,582 | +€16,100 | +10.1% |
| Profit (loss) carried forward | 14 | €28 | €50 | +€22 | +77.9% |
| Amounts payable | 17/49 | €680,569 | €559,130 | -€121,439 | -17.8% |
| Amounts payable after more than one year | 17 | €367,870 | €262,730 | -€105,140 | -28.6% |
| Financial debts | 170/4 | €367,870 | €262,730 | -€105,140 | -28.6% |
| Amounts payable within one year | 42/48 | €311,898 | €295,762 | -€16,136 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €117,330 | €121,789 | +€4,460 | +3.8% |
| Financial debts | 43 | €106,000 | - | -€106,000 | |
| Credit institutions | 430/8 | €106,000 | - | -€106,000 | |
| Trade debts | 44 | €12,661 | €6,289 | -€6,372 | -50.3% |
| Suppliers | 440/4 | €12,661 | €6,289 | -€6,372 | -50.3% |
| Advances received on contracts in progress | 46 | €5,220 | - | -€5,220 | |
| Taxes, remuneration and social security | 45 | €3,914 | €1,858 | -€2,056 | -52.5% |
| Taxes | 450/3 | €3,914 | €378 | -€3,536 | -90.3% |
| Remuneration and social security | 454/9 | - | €1,480 | +€1,480 | |
| Other amounts payable | 47/48 | €66,772 | €165,825 | +€99,052 | +148% |
| Accrued charges and deferred income | 492/3 | €802 | €638 | -€163 | -20.4% |
| Non-recurring operating income | 76A | €8,592 | €4,506 | -€4,086 | -47.6% |
| Remuneration, social security and pensions | 62 | €76,006 | - | -€76,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,504 | €61,604 | -€6,900 | -10.1% |
| Other operating charges | 640/8 | €6,738 | €3,823 | -€2,914 | -43.3% |
| Gross operating margin | 9900 | €209,434 | €111,498 | -€97,936 | -46.8% |
| Operating profit (loss) | 9901 | €58,186 | €46,070 | -€12,116 | -20.8% |
| Financial income | 75/76B | €217 | €1,350 | +€1,133 | +522% |
| Recurring financial income | 75 | €217 | €1,350 | +€1,133 | +522% |
| Financial charges | 65/66B | €35,011 | €24,062 | -€10,949 | -31.3% |
| Recurring financial charges | 65 | €35,011 | €24,062 | -€10,949 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €23,393 | €23,359 | -€34 | -0.1% |
| Income taxes | 67/77 | €6,853 | €6,378 | -€476 | -6.9% |
| Profit (loss) for the period | 9904 | €16,539 | €16,981 | +€442 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,539 | €16,981 | +€442 | +2.7% |
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.