Studio A.D.R.: 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.R.
Largest movements
- Receivables within one year +€10,936
up €10,936 (+482%), from €2,269 to €13,205
- Cash -€4,919
down €4,919 (-13.2%), from €37,220 to €32,301
mainly Advances received (-€24,000) and Receivables within one year (-€10,936)
- Tangible fixed assets +€3,743
up €3,743 (+1.4%), from €269,364 to €273,107
of which Other tangible fixed assets: +€2,545
- Advances received -€24,000
down €24,000 (-32.0%), from €75,000 to €51,000
- Reserves +€20,000
up €20,000 (+48.9%), from €40,860 to €60,860
- Other debts +€8,202
up €8,202 (+5.3%), from €154,726 to €162,928
- Gross operating margin -€19,172
down €19,172 (-36.9%), from €51,896 to €32,724
- Taxes -€1,792
down €1,792 (-17.2%), from €10,430 to €8,637
- Depreciation +€624
up €624 (+45.7%), from €1,364 to €1,987
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 | €308,924 | €318,825 | +€9,901 | +3.2% |
| Fixed assets | 21/28 | €269,364 | €273,107 | +€3,743 | +1.4% |
| Tangible fixed assets | 22/27 | €269,364 | €273,107 | +€3,743 | +1.4% |
| Land and buildings | 22 | €255,000 | €255,000 | = | 0.0% |
| Furniture and vehicles | 24 | €345 | €1,542 | +€1,198 | +347% |
| Other tangible fixed assets | 26 | €14,019 | €16,565 | +€2,545 | +18.2% |
| Current assets | 29/58 | €39,560 | €45,718 | +€6,158 | +15.6% |
| Amounts receivable within one year | 40/41 | €2,269 | €13,205 | +€10,936 | +482% |
| Trade receivables | 40 | €2,269 | €13,205 | +€10,936 | +482% |
| Cash at bank and in hand | 54/58 | €37,220 | €32,301 | -€4,919 | -13.2% |
| Deferred charges and accrued income | 490/1 | €71 | €212 | +€141 | +199% |
| Total equity and liabilities | 10/49 | €308,924 | €318,825 | +€9,901 | +3.2% |
| Equity | 10/15 | €63,136 | €84,408 | +€21,273 | +33.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,860 | €60,860 | +€20,000 | +48.9% |
| Distributable reserves | 133 | €40,860 | €60,860 | +€20,000 | +48.9% |
| Profit (loss) carried forward | 14 | €3,676 | €4,948 | +€1,273 | +34.6% |
| Amounts payable | 17/49 | €245,789 | €234,417 | -€11,372 | -4.6% |
| Amounts payable within one year | 42/48 | €245,789 | €234,417 | -€11,372 | -4.6% |
| Trade debts | 44 | €2,385 | €3,844 | +€1,459 | +61.2% |
| Suppliers | 440/4 | €2,385 | €3,844 | +€1,459 | +61.2% |
| Advances received on contracts in progress | 46 | €75,000 | €51,000 | -€24,000 | -32.0% |
| Taxes, remuneration and social security | 45 | €13,678 | €16,645 | +€2,967 | +21.7% |
| Taxes | 450/3 | €10,490 | €13,027 | +€2,538 | +24.2% |
| Remuneration and social security | 454/9 | €3,188 | €3,618 | +€430 | +13.5% |
| Other amounts payable | 47/48 | €154,726 | €162,928 | +€8,202 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,364 | €1,987 | +€624 | +45.7% |
| Other operating charges | 640/8 | €681 | €577 | -€103 | -15.2% |
| Gross operating margin | 9900 | €51,896 | €32,724 | -€19,172 | -36.9% |
| Operating profit (loss) | 9901 | €49,852 | €30,160 | -€19,692 | -39.5% |
| Financial income | 75/76B | €13 | €0 | -€12 | -99.9% |
| Recurring financial income | 75 | €13 | €0 | -€12 | -99.9% |
| Financial charges | 65/66B | €247 | €250 | +€3 | +1.2% |
| Recurring financial charges | 65 | €247 | €250 | +€3 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €49,618 | €29,910 | -€19,707 | -39.7% |
| Income taxes | 67/77 | €10,430 | €8,637 | -€1,792 | -17.2% |
| Profit (loss) for the period | 9904 | €39,188 | €21,273 | -€17,915 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,188 | €21,273 | -€17,915 | -45.7% |
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 14 October 2026 via checked.be.