STUDIO ADAM: 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 ADAM
Largest movements
- Cash +€5,779
up €5,779 (+247.1%), from €2,339 to €8,118
mainly Receivables within one year (+€4,486) and Depreciation (+€3,000)
- Receivables within one year -€4,486
down €4,486 (-38.4%), from €11,689 to €7,203
of which Trade receivables: -€4,486
- Tangible fixed assets -€3,000
down €3,000 (-29.2%), from €10,258 to €7,258
- Debts after one year -€3,412
down €3,412 (-65.9%), from €5,182 to €1,769
- Profit (loss) carried forward +€610
up €610 (+10.8%), from -€5,626 to -€5,016
- Trade debts +€566
up €566 (+29.5%), from €1,923 to €2,489
- Other debts +€473
up €473 (+9.3%), from €5,074 to €5,547
- Tax, wage and social debts -€354
down €354 (-7.6%), from €4,675 to €4,321
- Gross operating margin +€5,019
up €5,019, from -€140 to €4,879
- Depreciation +€1,258
up €1,258 (+72.2%), from €1,742 to €3,000
- Taxes +€83
up €83 (+129.2%), from €64 to €147
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 | €26,010 | €24,053 | -€1,957 | -7.5% |
| Fixed assets | 21/28 | €11,733 | €8,733 | -€3,000 | -25.6% |
| Tangible fixed assets | 22/27 | €10,258 | €7,258 | -€3,000 | -29.2% |
| Furniture and vehicles | 24 | €10,258 | €7,258 | -€3,000 | -29.2% |
| Financial fixed assets | 28 | €1,475 | €1,475 | = | 0.0% |
| Current assets | 29/58 | €14,277 | €15,321 | +€1,043 | +7.3% |
| Amounts receivable within one year | 40/41 | €11,689 | €7,203 | -€4,486 | -38.4% |
| Trade receivables | 40 | €11,619 | €7,133 | -€4,486 | -38.6% |
| Other amounts receivable | 41 | €70 | €70 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,339 | €8,118 | +€5,779 | +247.1% |
| Deferred charges and accrued income | 490/1 | €249 | - | -€249 | |
| Total equity and liabilities | 10/49 | €26,010 | €24,053 | -€1,957 | -7.5% |
| Equity | 10/15 | €5,905 | €6,514 | +€610 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,331 | €5,331 | = | 0.0% |
| Distributable reserves | 133 | €5,331 | €5,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,626 | -€5,016 | +€610 | +10.8% |
| Amounts payable | 17/49 | €20,105 | €17,539 | -€2,566 | -12.8% |
| Amounts payable after more than one year | 17 | €5,182 | €1,769 | -€3,412 | -65.9% |
| Financial debts | 170/4 | €5,182 | €1,769 | -€3,412 | -65.9% |
| Amounts payable within one year | 42/48 | €14,923 | €15,770 | +€846 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €3,252 | €3,412 | +€161 | +4.9% |
| Trade debts | 44 | €1,923 | €2,489 | +€566 | +29.5% |
| Suppliers | 440/4 | €1,923 | €2,489 | +€566 | +29.5% |
| Taxes, remuneration and social security | 45 | €4,675 | €4,321 | -€354 | -7.6% |
| Taxes | 450/3 | €4,675 | €4,321 | -€354 | -7.6% |
| Other amounts payable | 47/48 | €5,074 | €5,547 | +€473 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,742 | €3,000 | +€1,258 | +72.2% |
| Other operating charges | 640/8 | €655 | €691 | +€36 | +5.5% |
| Gross operating margin | 9900 | -€140 | €4,879 | +€5,019 | |
| Operating profit (loss) | 9901 | -€2,537 | €1,188 | +€3,725 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €443 | €431 | -€12 | -2.7% |
| Recurring financial charges | 65 | €443 | €431 | -€12 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,980 | €756 | +€3,737 | |
| Income taxes | 67/77 | €64 | €147 | +€83 | +129.2% |
| Profit (loss) for the period | 9904 | -€3,044 | €610 | +€3,654 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,044 | €610 | +€3,654 |
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 9 October 2026 via checked.be.