STUDIO APART: 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 APART
Largest movements
- Intangible fixed assets -€2,500
down €2,500 (-12.1%), from €20,705 to €18,205
- Tangible fixed assets +€2,473
up €2,473 (+35.5%), from €6,975 to €9,448
of which Plant, machinery and equipment: +€5,520
- Receivables within one year -€2,326
down €2,326 (-57.6%), from €4,039 to €1,714
- Cash +€1,065
up €1,065 (+6.1%), from €17,474 to €18,539
mainly Depreciation (+€5,744) and Net result for the year (+€4,791)
- Debts after one year -€9,285
down €9,285 (-100%), from €9,285 to €0
- Profit (loss) carried forward +€4,791
up €4,791 (+8.9%), from -€53,576 to -€48,785
- Accrued charges and deferred income +€3,037
new in 2025: €3,037
- Other debts +€1,546
up €1,546 (+14.2%), from €10,886 to €12,431
- Advances received -€1,223
down €1,223 (-100%), from €1,223 to €0
- Gross operating margin +€9,776
up €9,776 (+269%), from €3,629 to €13,404
- Staff costs -€8,483
down €8,483 (-78.7%), from €10,782 to €2,299
- Other operating charges -€1,005
down €1,005 (-56.4%), from €1,781 to €776
- Taxes -€465
new in 2025: -€465
- Financial charges -€256
down €256 (-32.9%), from €779 to €523
of which Financial charges: -€256
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 | €50,108 | €49,309 | -€799 | -1.6% |
| Fixed assets | 21/28 | €27,681 | €27,654 | -€27 | -0.1% |
| Intangible fixed assets | 21 | €20,705 | €18,205 | -€2,500 | -12.1% |
| Tangible fixed assets | 22/27 | €6,975 | €9,448 | +€2,473 | +35.5% |
| Land and buildings | 22 | €2,832 | €1,989 | -€843 | -29.8% |
| Plant, machinery and equipment | 23 | €0 | €5,520 | +€5,520 | |
| Furniture and vehicles | 24 | €4,143 | €1,939 | -€2,204 | -53.2% |
| Current assets | 29/58 | €22,427 | €21,655 | -€772 | -3.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,039 | €1,714 | -€2,326 | -57.6% |
| Trade receivables | 40 | €4,039 | €1,714 | -€2,326 | -57.6% |
| Cash at bank and in hand | 54/58 | €17,474 | €18,539 | +€1,065 | +6.1% |
| Deferred charges and accrued income | 490/1 | €914 | €1,403 | +€489 | +53.5% |
| Total equity and liabilities | 10/49 | €50,108 | €49,309 | -€799 | -1.6% |
| Equity | 10/15 | €14,110 | €18,901 | +€4,791 | +34.0% |
| Contributions | 10/11 | €18,691 | €18,691 | = | 0.0% |
| Reserves | 13 | €48,995 | €48,995 | = | 0.0% |
| Distributable reserves | 133 | €48,995 | €48,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,576 | -€48,785 | +€4,791 | +8.9% |
| Amounts payable | 17/49 | €35,998 | €30,408 | -€5,589 | -15.5% |
| Amounts payable after more than one year | 17 | €9,285 | €0 | -€9,285 | -100% |
| Financial debts | 170/4 | €9,285 | €0 | -€9,285 | -100% |
| Amounts payable within one year | 42/48 | €26,713 | €27,371 | +€659 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €9,140 | €9,285 | +€145 | +1.6% |
| Trade debts | 44 | €1,567 | €2,258 | +€691 | +44.1% |
| Suppliers | 440/4 | €1,567 | €2,258 | +€691 | +44.1% |
| Advances received on contracts in progress | 46 | €1,223 | €0 | -€1,223 | -100% |
| Taxes, remuneration and social security | 45 | €3,896 | €3,397 | -€500 | -12.8% |
| Taxes | 450/3 | €3,896 | €3,318 | -€578 | -14.8% |
| Remuneration and social security | 454/9 | €0 | €79 | +€79 | |
| Other amounts payable | 47/48 | €10,886 | €12,431 | +€1,546 | +14.2% |
| Accrued charges and deferred income | 492/3 | - | €3,037 | +€3,037 | |
| Non-recurring operating income | 76A | €2,097 | €0 | -€2,097 | -100% |
| Remuneration, social security and pensions | 62 | €10,782 | €2,299 | -€8,483 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,547 | €5,744 | +€197 | +3.6% |
| Other operating charges | 640/8 | €1,781 | €776 | -€1,005 | -56.4% |
| Gross operating margin | 9900 | €3,629 | €13,404 | +€9,776 | +269% |
| Operating profit (loss) | 9901 | -€14,481 | €4,585 | +€19,066 | |
| Financial income | 75/76B | €26 | €264 | +€238 | +918% |
| Recurring financial income | 75 | €26 | €264 | +€238 | +918% |
| Financial charges | 65/66B | €779 | €523 | -€256 | -32.9% |
| Recurring financial charges | 65 | €779 | €523 | -€256 | -32.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€15,234 | €4,326 | +€19,560 | |
| Income taxes | 67/77 | - | -€465 | -€465 | |
| Profit (loss) for the period | 9904 | -€15,234 | €4,791 | +€20,025 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,234 | €4,791 | +€20,025 |
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 16 October 2026 via checked.be.