STUDIO A - D: what changed
Two financial 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 - D
Largest movements
- Tangible fixed assets -€5,396
down €5,396 (-17.0%), from €31,703 to €26,307
of which Furniture and vehicles: -€6,945
- Receivables within one year +€5,259
up €5,259 (+9.8%), from €53,431 to €58,691
of which Other amounts receivable: +€2,998
- Cash +€2,133
up €2,133 (+11.9%), from €17,894 to €20,026
mainly Depreciation (+€7,606) and Other debts (+€2,259)
- Profit (loss) carried forward -€3,704
down €3,704 (-3.4%), from -€108,251 to -€111,954
- Other debts +€2,259
up €2,259 (+6.1%), from €37,218 to €39,476
- Depreciation +€3,865
up €3,865 (+103%), from €3,742 to €7,606
- Gross operating margin -€526
down €526 (-9.4%), from €5,585 to €5,059
- Financial income +€122
up €122 (+87,486%), from €0 to €123
- Other operating charges -€71
down €71 (-8.1%), from €874 to €803
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.
Derived cash bridge
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 | €111,567 | €112,243 | +€676 | +0.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €32,902 | €27,206 | -€5,696 | -17.3% |
| Intangible fixed assets | 21 | €1,199 | €899 | -€300 | -25.0% |
| Tangible fixed assets | 22/27 | €31,703 | €26,307 | -€5,396 | -17.0% |
| Plant, machinery and equipment | 23 | €666 | €2,215 | +€1,549 | +233% |
| Furniture and vehicles | 24 | €31,037 | €24,092 | -€6,945 | -22.4% |
| Current assets | 29/58 | €78,665 | €85,037 | +€6,372 | +8.1% |
| Stocks and contracts in progress | 3 | €7,340 | €6,320 | -€1,020 | -13.9% |
| Stocks | 30/36 | €6,340 | €4,820 | -€1,520 | -24.0% |
| Contracts in progress | 37 | €1,000 | €1,500 | +€500 | +50.0% |
| Amounts receivable within one year | 40/41 | €53,431 | €58,691 | +€5,259 | +9.8% |
| Trade receivables | 40 | €2,343 | €4,604 | +€2,261 | +96.5% |
| Other amounts receivable | 41 | €51,089 | €54,087 | +€2,998 | +5.9% |
| Cash at bank and in hand | 54/58 | €17,894 | €20,026 | +€2,133 | +11.9% |
| Total equity and liabilities | 10/49 | €111,567 | €112,243 | +€676 | +0.6% |
| Equity | 10/15 | €72,176 | €68,473 | -€3,704 | -5.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €160,427 | €160,427 | = | 0.0% |
| Distributable reserves | 133 | €160,427 | €160,427 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,251 | -€111,954 | -€3,704 | -3.4% |
| Amounts payable | 17/49 | €39,391 | €43,770 | +€4,380 | +11.1% |
| Amounts payable within one year | 42/48 | €39,391 | €43,770 | +€4,380 | +11.1% |
| Trade debts | 44 | €2,173 | €3,285 | +€1,112 | +51.2% |
| Suppliers | 440/4 | €2,173 | €3,285 | +€1,112 | +51.2% |
| Taxes, remuneration and social security | 45 | - | €1,009 | +€1,009 | |
| Taxes | 450/3 | - | €1,009 | +€1,009 | |
| Other amounts payable | 47/48 | €37,218 | €39,476 | +€2,259 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,742 | €7,606 | +€3,865 | +103% |
| Other operating charges | 640/8 | €874 | €803 | -€71 | -8.1% |
| Gross operating margin | 9900 | €5,585 | €5,059 | -€526 | -9.4% |
| Operating profit (loss) | 9901 | €969 | -€3,351 | -€4,320 | |
| Financial income | 75/76B | €0 | €123 | +€122 | +87,486% |
| Recurring financial income | 75 | €0 | €123 | +€122 | +87,486% |
| Financial charges | 65/66B | €447 | €475 | +€29 | +6.4% |
| Recurring financial charges | 65 | €447 | €475 | +€29 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €522 | -€3,704 | -€4,226 | |
| Profit (loss) for the period | 9904 | €522 | -€3,704 | -€4,226 | |
| Profit (loss) for the period to be appropriated | 9905 | €522 | -€3,704 | -€4,226 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.