Studio-AB: 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-AB
Largest movements
- Tangible fixed assets -€37,507
down €37,507 (-20.9%), from €179,744 to €142,237
of which Leasing and similar rights: -€29,471
- Receivables within one year -€9,986
down €9,986 (-24.9%), from €40,140 to €30,154
of which Trade receivables: -€10,985
- Cash +€7,647
up €7,647 (+29.8%), from €25,636 to €33,283
mainly Depreciation (+€43,159) and Net result for the year (+€13,311)
- Stocks and contracts -€3,606
down €3,606 (-8.8%), from €40,826 to €37,220
- Deferred charges and accrued income -€3,496
down €3,496 (-62.7%), from €5,575 to €2,079
- Other debts -€24,698
down €24,698 (-16.9%), from €146,564 to €121,866
- Debts after one year -€21,813
down €21,813 (-54.3%), from €40,201 to €18,388
- Current portion of long-term debt -€15,256
down €15,256 (-41.2%), from €37,069 to €21,813
- Reserves +€13,311
up €13,311 (+37.5%), from €35,464 to €48,774
- Trade debts +€7,739
up €7,739 (+60.9%), from €12,717 to €20,456
- Depreciation +€16,044
up €16,044 (+59.2%), from €27,115 to €43,159
- Gross operating margin -€11,419
down €11,419 (-14.6%), from €78,119 to €66,700
- Taxes -€4,281
down €4,281 (-48.5%), from €8,829 to €4,548
- Other operating charges -€1,277
down €1,277 (-32.1%), from €3,981 to €2,705
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 | €293,230 | €245,539 | -€47,692 | -16.3% |
| Formation expenses | 20 | €331 | €0 | -€331 | -100.0% |
| Fixed assets | 21/28 | €180,723 | €142,802 | -€37,921 | -21.0% |
| Intangible fixed assets | 21 | €979 | €565 | -€413 | -42.2% |
| Tangible fixed assets | 22/27 | €179,744 | €142,237 | -€37,507 | -20.9% |
| Plant, machinery and equipment | 23 | €26,392 | €28,686 | +€2,294 | +8.7% |
| Furniture and vehicles | 24 | €54,548 | €44,217 | -€10,331 | -18.9% |
| Leasing and similar rights | 25 | €98,804 | €69,334 | -€29,471 | -29.8% |
| Current assets | 29/58 | €112,177 | €102,736 | -€9,440 | -8.4% |
| Stocks and contracts in progress | 3 | €40,826 | €37,220 | -€3,606 | -8.8% |
| Stocks | 30/36 | €40,826 | €37,220 | -€3,606 | -8.8% |
| Amounts receivable within one year | 40/41 | €40,140 | €30,154 | -€9,986 | -24.9% |
| Trade receivables | 40 | €40,019 | €29,034 | -€10,985 | -27.4% |
| Other amounts receivable | 41 | €121 | €1,120 | +€999 | +826.2% |
| Cash at bank and in hand | 54/58 | €25,636 | €33,283 | +€7,647 | +29.8% |
| Deferred charges and accrued income | 490/1 | €5,575 | €2,079 | -€3,496 | -62.7% |
| Total equity and liabilities | 10/49 | €293,230 | €245,539 | -€47,692 | -16.3% |
| Equity | 10/15 | €36,464 | €49,774 | +€13,311 | +36.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €35,464 | €48,774 | +€13,311 | +37.5% |
| Distributable reserves | 133 | €35,464 | €48,774 | +€13,311 | +37.5% |
| Amounts payable | 17/49 | €256,767 | €195,764 | -€61,002 | -23.8% |
| Amounts payable after more than one year | 17 | €40,201 | €18,388 | -€21,813 | -54.3% |
| Financial debts | 170/4 | €40,201 | €18,388 | -€21,813 | -54.3% |
| Amounts payable within one year | 42/48 | €216,566 | €177,377 | -€39,189 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €37,069 | €21,813 | -€15,256 | -41.2% |
| Trade debts | 44 | €12,717 | €20,456 | +€7,739 | +60.9% |
| Suppliers | 440/4 | €12,717 | €20,456 | +€7,739 | +60.9% |
| Taxes, remuneration and social security | 45 | €20,215 | €13,241 | -€6,974 | -34.5% |
| Taxes | 450/3 | €20,215 | €11,241 | -€8,974 | -44.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €146,564 | €121,866 | -€24,698 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,115 | €43,159 | +€16,044 | +59.2% |
| Other operating charges | 640/8 | €3,981 | €2,705 | -€1,277 | -32.1% |
| Gross operating margin | 9900 | €78,119 | €66,700 | -€11,419 | -14.6% |
| Operating profit (loss) | 9901 | €47,023 | €20,836 | -€26,186 | -55.7% |
| Financial income | 75/76B | €25 | €256 | +€231 | +914.3% |
| Recurring financial income | 75 | €25 | €256 | +€231 | +914.3% |
| Financial charges | 65/66B | €2,756 | €3,234 | +€479 | +17.4% |
| Recurring financial charges | 65 | €2,756 | €3,234 | +€479 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €44,293 | €17,858 | -€26,434 | -59.7% |
| Income taxes | 67/77 | €8,829 | €4,548 | -€4,281 | -48.5% |
| Profit (loss) for the period | 9904 | €35,464 | €13,311 | -€22,153 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,464 | €13,311 | -€22,153 | -62.5% |
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 12 October 2026 via checked.be.