STUDIO 8: what changed
STUDIO 8
Largest movements
- Cash -€23,374
down €23,374 (-28.6%), from €81,660 to €58,286
mainly Trade debts (-€19,698) and Debts after one year (-€11,327)
- Tangible fixed assets -€18,469
down €18,469 (-14.5%), from €127,389 to €108,919
of which Land and buildings: -€15,066
- Receivables within one year +€8,921
up €8,921 (+44.7%), from €19,947 to €28,868
of which Other amounts receivable: +€6,362
- Deferred charges and accrued income +€2,812
up €2,812 (+127%), from €2,222 to €5,035
- Trade debts -€19,698
down €19,698 (-80.1%), from €24,591 to €4,893
- Debts after one year -€11,327
down €11,327 (-11.1%), from €101,726 to €90,399
of which Financial debts: -€11,327
- Tax, wage and social debts +€4,316
up €4,316 (+68.6%), from €6,291 to €10,607
of which Taxes: +€2,966
- Advances received -€3,372
down €3,372 (-100%), from €3,372 to €0
- Gross operating margin -€2,963
down €2,963 (-8.3%), from €35,624 to €32,661
- Financial income +€1,360
up €1,360 (+190%), from €717 to €2,077
- Financial charges +€630
up €630 (+8.0%), from €7,892 to €8,523
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,333 | €206,738 | -€28,595 | -12.2% |
| Fixed assets | 21/28 | €127,389 | €108,919 | -€18,469 | -14.5% |
| Tangible fixed assets | 22/27 | €127,389 | €108,919 | -€18,469 | -14.5% |
| Land and buildings | 22 | €118,336 | €103,270 | -€15,066 | -12.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,053 | €5,650 | -€3,403 | -37.6% |
| Current assets | 29/58 | €107,944 | €97,819 | -€10,125 | -9.4% |
| Stocks and contracts in progress | 3 | €4,114 | €5,630 | +€1,515 | +36.8% |
| Stocks | 30/36 | €4,114 | €5,630 | +€1,515 | +36.8% |
| Amounts receivable within one year | 40/41 | €19,947 | €28,868 | +€8,921 | +44.7% |
| Trade receivables | 40 | €753 | €3,312 | +€2,559 | +340% |
| Other amounts receivable | 41 | €19,195 | €25,557 | +€6,362 | +33.1% |
| Cash at bank and in hand | 54/58 | €81,660 | €58,286 | -€23,374 | -28.6% |
| Deferred charges and accrued income | 490/1 | €2,222 | €5,035 | +€2,812 | +127% |
| Total equity and liabilities | 10/49 | €235,333 | €206,738 | -€28,595 | -12.2% |
| Equity | 10/15 | €88,570 | €89,512 | +€942 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,360 | €21,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,610 | €49,552 | +€942 | +1.9% |
| Amounts payable | 17/49 | €146,763 | €117,226 | -€29,537 | -20.1% |
| Amounts payable after more than one year | 17 | €101,726 | €90,399 | -€11,327 | -11.1% |
| Financial debts | 170/4 | €100,226 | €88,899 | -€11,327 | -11.3% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,037 | €26,827 | -€18,210 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €10,783 | €11,327 | +€544 | +5.0% |
| Trade debts | 44 | €24,591 | €4,893 | -€19,698 | -80.1% |
| Suppliers | 440/4 | €24,591 | €4,893 | -€19,698 | -80.1% |
| Advances received on contracts in progress | 46 | €3,372 | €0 | -€3,372 | -100% |
| Taxes, remuneration and social security | 45 | €6,291 | €10,607 | +€4,316 | +68.6% |
| Taxes | 450/3 | €6,207 | €9,173 | +€2,966 | +47.8% |
| Remuneration and social security | 454/9 | €84 | €1,434 | +€1,350 | +1,605% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,219 | €18,469 | +€251 | +1.4% |
| Other operating charges | 640/8 | €3,642 | €3,902 | +€260 | +7.1% |
| Gross operating margin | 9900 | €35,624 | €32,661 | -€2,963 | -8.3% |
| Operating profit (loss) | 9901 | €13,763 | €10,289 | -€3,473 | -25.2% |
| Financial income | 75/76B | €717 | €2,077 | +€1,360 | +190% |
| Recurring financial income | 75 | €717 | €2,077 | +€1,360 | +190% |
| Financial charges | 65/66B | €7,892 | €8,523 | +€630 | +8.0% |
| Recurring financial charges | 65 | €7,892 | €8,523 | +€630 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €6,587 | €3,844 | -€2,744 | -41.7% |
| Income taxes | 67/77 | €2,713 | €2,901 | +€189 | +7.0% |
| Profit (loss) for the period | 9904 | €3,875 | €942 | -€2,932 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,875 | €942 | -€2,932 | -75.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.