STUDIO 97: 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 97
Largest movements
- Tangible fixed assets +€297,752
up €297,752 (+2915.7%), from €10,212 to €307,964
of which Land and buildings: +€203,485
- Cash +€80,258
new in 2025: €80,258
mainly Debts after one year (+€260,897) and Other debts (+€71,697)
- Stocks and contracts +€10,909
new in 2025: €10,909
- Receivables within one year +€9,200
up €9,200 (+314.9%), from €2,922 to €12,122
of which Trade receivables: +€10,682
- Debts after one year +€260,897
new in 2025: €260,897
- Other debts +€71,697
up €71,697 (+477.6%), from €15,012 to €86,708
- Tax, wage and social debts +€34,664
new in 2025: €34,664
of which Remuneration and social security: +€28,108
- Current portion of long-term debt +€28,964
new in 2025: €28,964
- Trade debts +€15,129
up €15,129 (+1276.2%), from €1,186 to €16,315
- Gross operating margin +€91,344
up €91,344, from -€2,116 to €89,228
- Staff costs +€66,444
new in 2025: €66,444
- Depreciation +€25,977
up €25,977 (+2175.4%), from €1,194 to €27,171
- Financial charges +€8,026
new in 2025: €8,026
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 | €14,888 | €412,986 | +€398,098 | +2674.0% |
| Fixed assets | 21/28 | €11,966 | €308,998 | +€297,032 | +2482.3% |
| Intangible fixed assets | 21 | €1,754 | €1,034 | -€720 | -41.1% |
| Tangible fixed assets | 22/27 | €10,212 | €307,964 | +€297,752 | +2915.7% |
| Land and buildings | 22 | €10,212 | €213,697 | +€203,485 | +1992.6% |
| Plant, machinery and equipment | 23 | - | €64,401 | +€64,401 | |
| Furniture and vehicles | 24 | - | €29,865 | +€29,865 | |
| Current assets | 29/58 | €2,922 | €103,988 | +€101,066 | +3459.1% |
| Stocks and contracts in progress | 3 | - | €10,909 | +€10,909 | |
| Stocks | 30/36 | - | €10,909 | +€10,909 | |
| Amounts receivable within one year | 40/41 | €2,922 | €12,122 | +€9,200 | +314.9% |
| Trade receivables | 40 | - | €10,682 | +€10,682 | |
| Other amounts receivable | 41 | €2,922 | €1,440 | -€1,482 | -50.7% |
| Cash at bank and in hand | 54/58 | - | €80,258 | +€80,258 | |
| Deferred charges and accrued income | 490/1 | - | €699 | +€699 | |
| Total equity and liabilities | 10/49 | €14,888 | €412,986 | +€398,098 | +2674.0% |
| Equity | 10/15 | -€1,310 | -€14,562 | -€13,253 | -1011.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,310 | -€16,562 | -€13,253 | -400.4% |
| Amounts payable | 17/49 | €16,197 | €427,548 | +€411,350 | +2539.6% |
| Amounts payable after more than one year | 17 | - | €260,897 | +€260,897 | |
| Financial debts | 170/4 | - | €260,897 | +€260,897 | |
| Amounts payable within one year | 42/48 | €16,197 | €166,651 | +€150,454 | +928.9% |
| Current portion of amounts payable after more than one year | 42 | - | €28,964 | +€28,964 | |
| Trade debts | 44 | €1,186 | €16,315 | +€15,129 | +1276.2% |
| Suppliers | 440/4 | €1,186 | €16,315 | +€15,129 | +1276.2% |
| Taxes, remuneration and social security | 45 | - | €34,664 | +€34,664 | |
| Taxes | 450/3 | - | €6,556 | +€6,556 | |
| Remuneration and social security | 454/9 | - | €28,108 | +€28,108 | |
| Other amounts payable | 47/48 | €15,012 | €86,708 | +€71,697 | +477.6% |
| Remuneration, social security and pensions | 62 | - | €66,444 | +€66,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €27,171 | +€25,977 | +2175.4% |
| Other operating charges | 640/8 | - | €753 | +€753 | |
| Gross operating margin | 9900 | -€2,116 | €89,228 | +€91,344 | |
| Operating profit (loss) | 9901 | -€3,310 | -€5,140 | -€1,831 | -55.3% |
| Financial charges | 65/66B | - | €8,026 | +€8,026 | |
| Recurring financial charges | 65 | - | €8,026 | +€8,026 | |
| Profit (loss) for the period before taxes | 9903 | -€3,310 | -€13,167 | -€9,857 | -297.8% |
| Profit (loss) for the period | 9904 | -€3,310 | -€13,167 | -€9,857 | -297.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,310 | -€13,167 | -€9,857 | -297.8% |
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 3 October 2026 via checked.be.