Studio A&B: 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 A&B
Largest movements
- Tangible fixed assets -€16,670
down €16,670 (-4.2%), from €400,316 to €383,646
of which Land and buildings: -€16,670
- Receivables within one year +€4,583
up €4,583 (+72.4%), from €6,330 to €10,912
of which Trade receivables: +€4,583
- Cash -€4,475
down €4,475 (-45.2%), from €9,892 to €5,417
mainly Debts after one year (-€26,102) and Receivables within one year (-€4,583)
- Debts after one year -€26,102
down €26,102 (-9.8%), from €265,996 to €239,894
- Reserves +€9,733
up €9,733 (+9.8%), from €99,754 to €109,487
- Gross operating margin -€21,500
down €21,500 (-38.7%), from €55,506 to €34,005
- Financial charges -€3,775
down €3,775 (-51.7%), from €7,300 to €3,524
- Taxes +€2,142
up €2,142 (+176.1%), from €1,217 to €3,359
- Other operating charges -€1,663
down €1,663 (-69.2%), from €2,404 to €741
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 | €416,537 | €399,975 | -€16,562 | -4.0% |
| Fixed assets | 21/28 | €400,316 | €383,646 | -€16,670 | -4.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €400,316 | €383,646 | -€16,670 | -4.2% |
| Land and buildings | 22 | €400,316 | €383,646 | -€16,670 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €16,221 | €16,329 | +€108 | +0.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,330 | €10,912 | +€4,583 | +72.4% |
| Trade receivables | 40 | €46 | €4,629 | +€4,583 | +9919.3% |
| Other amounts receivable | 41 | €6,283 | €6,283 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,892 | €5,417 | -€4,475 | -45.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €416,537 | €399,975 | -€16,562 | -4.0% |
| Equity | 10/15 | €118,346 | €128,079 | +€9,733 | +8.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €99,754 | €109,487 | +€9,733 | +9.8% |
| Distributable reserves | 133 | €99,754 | €109,487 | +€9,733 | +9.8% |
| Amounts payable | 17/49 | €298,191 | €271,896 | -€26,295 | -8.8% |
| Amounts payable after more than one year | 17 | €265,996 | €239,894 | -€26,102 | -9.8% |
| Financial debts | 170/4 | €265,996 | €239,894 | -€26,102 | -9.8% |
| Amounts payable within one year | 42/48 | €29,195 | €28,913 | -€283 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €25,789 | €26,102 | +€313 | +1.2% |
| Financial debts | 43 | €2,591 | €0 | -€2,591 | -100.0% |
| Credit institutions | 430/8 | €2,591 | €0 | -€2,591 | -100.0% |
| Trade debts | 44 | €5 | €405 | +€400 | +8288.0% |
| Suppliers | 440/4 | €5 | €405 | +€400 | +8288.0% |
| Taxes, remuneration and social security | 45 | €637 | €2,142 | +€1,504 | +236.1% |
| Taxes | 450/3 | €637 | €2,142 | +€1,504 | +236.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €172 | €264 | +€91 | +52.9% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,090 | +€90 | +3.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,470 | €16,670 | +€200 | +1.2% |
| Other operating charges | 640/8 | €2,404 | €741 | -€1,663 | -69.2% |
| Non-recurring operating charges | 66A | €8,004 | €0 | -€8,004 | -100.0% |
| Gross operating margin | 9900 | €55,506 | €34,005 | -€21,500 | -38.7% |
| Operating profit (loss) | 9901 | €28,628 | €16,595 | -€12,032 | -42.0% |
| Financial income | 75/76B | €5 | €21 | +€16 | +345.0% |
| Recurring financial income | 75 | €5 | €21 | +€16 | +345.0% |
| Financial charges | 65/66B | €7,300 | €3,524 | -€3,775 | -51.7% |
| Recurring financial charges | 65 | €7,300 | €3,524 | -€3,775 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €21,333 | €13,092 | -€8,241 | -38.6% |
| Income taxes | 67/77 | €1,217 | €3,359 | +€2,142 | +176.1% |
| Profit (loss) for the period | 9904 | €20,116 | €9,733 | -€10,383 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,116 | €9,733 | -€10,383 | -51.6% |
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 5 October 2026 via checked.be.