Studio 84: 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 84
Largest movements
- Cash +€46,530
up €46,530 (+142.3%), from €32,689 to €79,219
mainly Other debts (+€112,441) and Net result for the year (+€73,857)
- Tangible fixed assets -€21,239
down €21,239 (-1.5%), from €1.4m to €1.4m
of which Land and buildings: -€22,101
- Receivables within one year -€16,436
down €16,436 (-15.5%), from €105,924 to €89,488
of which Trade receivables: -€17,836
- Debts after one year -€217,056
down €217,056 (-20.0%), from €1.1m to €870,880
- Other debts +€112,441
up €112,441 (+232.4%), from €48,376 to €160,817
- Reserves +€73,857
up €73,857 (+39.6%), from €186,705 to €260,562
- Trade debts +€22,673
up €22,673 (+113.9%), from €19,913 to €42,586
- Accrued charges and deferred income +€21,272
up €21,272 (+520.7%), from €4,085 to €25,357
- Other operating charges -€52,962
down €52,962 (-91.1%), from €58,147 to €5,186
- Gross operating margin +€29,839
up €29,839 (+16.4%), from €182,443 to €212,282
- Financial charges +€12,519
up €12,519 (+31.1%), from €40,250 to €52,769
- Depreciation +€5,546
up €5,546 (+15.4%), from €35,998 to €41,544
- Taxes +€4,575
up €4,575 (+13.3%), from €34,525 to €39,100
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 | €1,522,992 | €1,534,898 | +€11,906 | +0.8% |
| Fixed assets | 21/28 | €1,383,789 | €1,361,070 | -€22,720 | -1.6% |
| Intangible fixed assets | 21 | €4,603 | €2,322 | -€2,281 | -49.6% |
| Tangible fixed assets | 22/27 | €1,376,487 | €1,355,248 | -€21,239 | -1.5% |
| Land and buildings | 22 | €1,348,214 | €1,326,114 | -€22,101 | -1.6% |
| Plant, machinery and equipment | 23 | €27,736 | €29,135 | +€1,399 | +5.0% |
| Furniture and vehicles | 24 | €536 | - | -€536 | |
| Financial fixed assets | 28 | €2,700 | €3,500 | +€800 | +29.6% |
| Current assets | 29/58 | €139,202 | €173,828 | +€34,626 | +24.9% |
| Amounts receivable within one year | 40/41 | €105,924 | €89,488 | -€16,436 | -15.5% |
| Trade receivables | 40 | €105,924 | €88,088 | -€17,836 | -16.8% |
| Other amounts receivable | 41 | - | €1,400 | +€1,400 | |
| Cash at bank and in hand | 54/58 | €32,689 | €79,219 | +€46,530 | +142.3% |
| Deferred charges and accrued income | 490/1 | €589 | €5,121 | +€4,532 | +769.2% |
| Total equity and liabilities | 10/49 | €1,522,992 | €1,534,898 | +€11,906 | +0.8% |
| Equity | 10/15 | €296,705 | €370,562 | +€73,857 | +24.9% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €186,705 | €260,562 | +€73,857 | +39.6% |
| Distributable reserves | 133 | €186,705 | €260,562 | +€73,857 | +39.6% |
| Amounts payable | 17/49 | €1,226,286 | €1,164,335 | -€61,951 | -5.1% |
| Amounts payable after more than one year | 17 | €1,087,936 | €870,880 | -€217,056 | -20.0% |
| Financial debts | 170/4 | €1,087,936 | €870,880 | -€217,056 | -20.0% |
| Amounts payable within one year | 42/48 | €134,265 | €268,098 | +€133,833 | +99.7% |
| Current portion of amounts payable after more than one year | 42 | €35,667 | €37,056 | +€1,388 | +3.9% |
| Trade debts | 44 | €19,913 | €42,586 | +€22,673 | +113.9% |
| Suppliers | 440/4 | €19,913 | €42,586 | +€22,673 | +113.9% |
| Advances received on contracts in progress | 46 | €2,529 | €7,567 | +€5,038 | +199.2% |
| Taxes, remuneration and social security | 45 | €27,779 | €20,073 | -€7,707 | -27.7% |
| Taxes | 450/3 | €27,779 | €20,073 | -€7,707 | -27.7% |
| Other amounts payable | 47/48 | €48,376 | €160,817 | +€112,441 | +232.4% |
| Accrued charges and deferred income | 492/3 | €4,085 | €25,357 | +€21,272 | +520.7% |
| Non-recurring operating income | 76A | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,998 | €41,544 | +€5,546 | +15.4% |
| Other operating charges | 640/8 | €58,147 | €5,186 | -€52,962 | -91.1% |
| Gross operating margin | 9900 | €182,443 | €212,282 | +€29,839 | +16.4% |
| Operating profit (loss) | 9901 | €88,297 | €165,552 | +€77,255 | +87.5% |
| Financial income | 75/76B | €282 | €174 | -€108 | -38.4% |
| Recurring financial income | 75 | €282 | €174 | -€108 | -38.4% |
| Financial charges | 65/66B | €40,250 | €52,769 | +€12,519 | +31.1% |
| Recurring financial charges | 65 | €40,250 | €52,769 | +€12,519 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €48,329 | €112,957 | +€64,628 | +133.7% |
| Income taxes | 67/77 | €34,525 | €39,100 | +€4,575 | +13.3% |
| Profit (loss) for the period | 9904 | €13,804 | €73,857 | +€60,053 | +435.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,804 | €73,857 | +€60,053 | +435.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.