STUDIO ACADEMIE: 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 ACADEMIE
Largest movements
- Tangible fixed assets -€298
down €298 (-100%), from €298 to €0
- Receivables within one year +€200
up €200 (+40.0%), from €500 to €700
- Other debts +€1,483
up €1,483 (+317%), from €468 to €1,951
- Trade debts -€1,186
down €1,186 (-52.2%), from €2,274 to €1,088
- Profit (loss) carried forward -€385
down €385 (-4.8%), from -€7,952 to -€8,337
- Short-term financial debts -€9
no longer reported in 2025 (was €9)
- Gross operating margin +€923
up €923 (+95.8%), from -€963 to -€40
- Depreciation -€158
down €158 (-34.6%), from €456 to €298
- Financial charges -€26
down €26 (-35.4%), from €72 to €47
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 | €798 | €702 | -€97 | -12.1% |
| Fixed assets | 21/28 | €298 | €0 | -€298 | -100% |
| Tangible fixed assets | 22/27 | €298 | €0 | -€298 | -100% |
| Plant, machinery and equipment | 23 | €298 | €0 | -€298 | -100% |
| Current assets | 29/58 | €500 | €702 | +€202 | +40.3% |
| Amounts receivable within one year | 40/41 | €500 | €700 | +€200 | +40.0% |
| Trade receivables | 40 | €500 | €700 | +€200 | +40.0% |
| Cash at bank and in hand | 54/58 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €798 | €702 | -€97 | -12.1% |
| Equity | 10/15 | -€1,952 | -€2,337 | -€385 | -19.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,952 | -€8,337 | -€385 | -4.8% |
| Amounts payable | 17/49 | €2,751 | €3,039 | +€288 | +10.5% |
| Amounts payable within one year | 42/48 | €2,751 | €3,039 | +€288 | +10.5% |
| Financial debts | 43 | €9 | - | -€9 | |
| Credit institutions | 430/8 | €9 | - | -€9 | |
| Trade debts | 44 | €2,274 | €1,088 | -€1,186 | -52.2% |
| Suppliers | 440/4 | €2,274 | €1,088 | -€1,186 | -52.2% |
| Other amounts payable | 47/48 | €468 | €1,951 | +€1,483 | +317% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €456 | €298 | -€158 | -34.6% |
| Non-recurring operating charges | 66A | €958 | - | -€958 | |
| Gross operating margin | 9900 | -€963 | -€40 | +€923 | +95.8% |
| Operating profit (loss) | 9901 | -€2,377 | -€339 | +€2,039 | +85.8% |
| Financial charges | 65/66B | €72 | €47 | -€26 | -35.4% |
| Recurring financial charges | 65 | €72 | €47 | -€26 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,449 | -€385 | +€2,064 | +84.3% |
| Profit (loss) for the period | 9904 | -€2,449 | -€385 | +€2,064 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,449 | -€385 | +€2,064 | +84.3% |
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 25 October 2026 via checked.be.