STUDIO 974: 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 974
Largest movements
- Cash +€44,912
up €44,912 (+39.5%), from €113,566 to €158,478
mainly Net result for the year (+€97,127) and Depreciation (+€2,428)
- Reserves +€97,127
up €97,127 (+69.0%), from €140,729 to €237,856
- Debts after one year -€30,274
down €30,274 (-36.0%), from €84,045 to €53,771
- Other debts -€11,838
down €11,838 (-31.2%), from €37,940 to €26,103
- Tax, wage and social debts -€6,391
down €6,391 (-36.1%), from €17,695 to €11,304
of which Taxes: -€6,391
- Accrued charges and deferred income -€6,000
down €6,000 (-50.0%), from €12,000 to €6,000
- Financial income -€13,816
down €13,816 (-25.6%), from €54,000 to €40,184
- Gross operating margin +€6,883
up €6,883 (+8.9%), from €77,463 to €84,347
- Taxes +€1,913
up €1,913 (+10.7%), from €17,958 to €19,871
- Financial charges -€1,160
down €1,160 (-19.7%), from €5,884 to €4,724
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 | €324,532 | €367,807 | +€43,275 | +13.3% |
| Fixed assets | 21/28 | €195,598 | €193,170 | -€2,428 | -1.2% |
| Tangible fixed assets | 22/27 | €5,185 | €2,756 | -€2,428 | -46.8% |
| Furniture and vehicles | 24 | €5,185 | €2,756 | -€2,428 | -46.8% |
| Financial fixed assets | 28 | €190,413 | €190,413 | = | 0.0% |
| Current assets | 29/58 | €128,934 | €174,637 | +€45,703 | +35.4% |
| Amounts receivable within one year | 40/41 | €14,562 | €15,292 | +€730 | +5.0% |
| Trade receivables | 40 | €14,520 | €15,250 | +€730 | +5.0% |
| Other amounts receivable | 41 | €42 | €42 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,566 | €158,478 | +€44,912 | +39.5% |
| Deferred charges and accrued income | 490/1 | €806 | €867 | +€61 | +7.6% |
| Total equity and liabilities | 10/49 | €324,532 | €367,807 | +€43,275 | +13.3% |
| Equity | 10/15 | €143,229 | €240,356 | +€97,127 | +67.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €140,729 | €237,856 | +€97,127 | +69.0% |
| Distributable reserves | 133 | €140,729 | €237,856 | +€97,127 | +69.0% |
| Amounts payable | 17/49 | €181,303 | €127,451 | -€53,852 | -29.7% |
| Amounts payable after more than one year | 17 | €84,045 | €53,771 | -€30,274 | -36.0% |
| Financial debts | 170/4 | €84,045 | €53,771 | -€30,274 | -36.0% |
| Amounts payable within one year | 42/48 | €85,259 | €67,680 | -€17,578 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €29,244 | €30,274 | +€1,030 | +3.5% |
| Financial debts | 43 | €380 | - | -€380 | |
| Credit institutions | 430/8 | €380 | - | -€380 | |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €17,695 | €11,304 | -€6,391 | -36.1% |
| Taxes | 450/3 | €15,630 | €9,239 | -€6,391 | -40.9% |
| Remuneration and social security | 454/9 | €2,065 | €2,065 | = | 0.0% |
| Other amounts payable | 47/48 | €37,940 | €26,103 | -€11,838 | -31.2% |
| Accrued charges and deferred income | 492/3 | €12,000 | €6,000 | -€6,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,033 | €2,428 | +€395 | +19.4% |
| Other operating charges | 640/8 | - | €381 | +€381 | |
| Gross operating margin | 9900 | €77,463 | €84,347 | +€6,883 | +8.9% |
| Operating profit (loss) | 9901 | €75,430 | €81,538 | +€6,107 | +8.1% |
| Financial income | 75/76B | €54,000 | €40,184 | -€13,816 | -25.6% |
| Recurring financial income | 75 | €54,000 | €40,184 | -€13,816 | -25.6% |
| Financial charges | 65/66B | €5,884 | €4,724 | -€1,160 | -19.7% |
| Recurring financial charges | 65 | €5,884 | €4,724 | -€1,160 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €123,546 | €116,998 | -€6,548 | -5.3% |
| Income taxes | 67/77 | €17,958 | €19,871 | +€1,913 | +10.7% |
| Profit (loss) for the period | 9904 | €105,589 | €97,127 | -€8,462 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,589 | €97,127 | -€8,462 | -8.0% |
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 2 October 2026 via checked.be.