Studio Algoed: 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 Algoed
Largest movements
- Cash -€54,755
down €54,755 (-57.7%), from €94,898 to €40,143
mainly Contributions, distributions and other (-€149,648) and Current investments (-€6,000)
- Tangible fixed assets -€8,379
down €8,379 (-51.4%), from €16,305 to €7,925
of which Furniture and vehicles: -€7,922
- Current investments +€6,000
up €6,000 (+109%), from €5,500 to €11,500
- Receivables within one year +€1,318
up €1,318 (+12.1%), from €10,895 to €12,213
of which Other amounts receivable: +€1,500
- Reserves -€101,529
down €101,529 (-100%), from €101,529 to €0
- Other debts +€47,955
up €47,955 (+1,501%), from €3,195 to €51,150
- Tax, wage and social debts -€2,157
down €2,157 (-11.5%), from €18,738 to €16,580
of which Taxes: -€2,157
- Gross operating margin +€2,037
up €2,037 (+2.9%), from €71,066 to €73,103
- Taxes +€835
up €835 (+6.1%), from €13,660 to €14,495
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 | €128,161 | €72,375 | -€55,785 | -43.5% |
| Fixed assets | 21/28 | €16,305 | €7,925 | -€8,379 | -51.4% |
| Tangible fixed assets | 22/27 | €16,305 | €7,925 | -€8,379 | -51.4% |
| Furniture and vehicles | 24 | €10,580 | €2,658 | -€7,922 | -74.9% |
| Other tangible fixed assets | 26 | €5,725 | €5,268 | -€457 | -8.0% |
| Current assets | 29/58 | €111,856 | €64,450 | -€47,406 | -42.4% |
| Amounts receivable within one year | 40/41 | €10,895 | €12,213 | +€1,318 | +12.1% |
| Trade receivables | 40 | €10,890 | €10,709 | -€182 | -1.7% |
| Other amounts receivable | 41 | €5 | €1,505 | +€1,500 | +29,760% |
| Current investments | 50/53 | €5,500 | €11,500 | +€6,000 | +109% |
| Cash at bank and in hand | 54/58 | €94,898 | €40,143 | -€54,755 | -57.7% |
| Deferred charges and accrued income | 490/1 | €563 | €594 | +€31 | +5.5% |
| Total equity and liabilities | 10/49 | €128,161 | €72,375 | -€55,785 | -43.5% |
| Equity | 10/15 | €103,529 | €2,000 | -€101,529 | -98.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €101,529 | €0 | -€101,529 | -100% |
| Distributable reserves | 133 | €101,529 | €0 | -€101,529 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,631 | €70,375 | +€45,744 | +186% |
| Amounts payable within one year | 42/48 | €24,631 | €70,375 | +€45,744 | +186% |
| Trade debts | 44 | €2,699 | €2,645 | -€54 | -2.0% |
| Suppliers | 440/4 | €2,699 | €2,645 | -€54 | -2.0% |
| Taxes, remuneration and social security | 45 | €18,738 | €16,580 | -€2,157 | -11.5% |
| Taxes | 450/3 | €16,138 | €13,980 | -€2,157 | -13.4% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €3,195 | €51,150 | +€47,955 | +1,501% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,290 | €8,379 | +€89 | +1.1% |
| Other operating charges | 640/8 | €2,048 | €1,832 | -€217 | -10.6% |
| Gross operating margin | 9900 | €71,066 | €73,103 | +€2,037 | +2.9% |
| Operating profit (loss) | 9901 | €60,728 | €62,892 | +€2,164 | +3.6% |
| Financial income | 75/76B | €36 | €0 | -€36 | -100% |
| Recurring financial income | 75 | €36 | €0 | -€36 | -100% |
| Financial charges | 65/66B | €284 | €278 | -€6 | -2.2% |
| Recurring financial charges | 65 | €284 | €278 | -€6 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €60,479 | €62,614 | +€2,135 | +3.5% |
| Income taxes | 67/77 | €13,660 | €14,495 | +€835 | +6.1% |
| Profit (loss) for the period | 9904 | €46,819 | €48,119 | +€1,300 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,819 | €48,119 | +€1,300 | +2.8% |
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 17 October 2026 via checked.be.