STUDIO BAL GEHAKT: 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 BAL GEHAKT
Largest movements
- Cash +€8,984
up €8,984 (+316%), from €2,843 to €11,827
mainly Net result for the year (+€4,268) and Investment in fixed assets (net) (+€2,846)
- Financial fixed assets -€2,500
no longer reported in 2025 (was €2,500)
- Tangible fixed assets -€1,420
down €1,420 (-66.1%), from €2,149 to €728
of which Plant, machinery and equipment: -€945
- Receivables within one year +€526
up €526 (+72.3%), from €727 to €1,253
of which Other amounts receivable: +€526
- Profit (loss) carried forward +€4,268
up €4,268 (+7.7%), from -€55,483 to -€51,214
- Trade debts +€634
up €634 (+107%), from €593 to €1,227
- Other debts +€620
new in 2025: €620
- Gross operating margin +€12,811
up €12,811 (+1,551%), from €826 to €13,637
- Depreciation -€2,844
down €2,844 (-72.6%), from €3,918 to €1,074
- Staff costs +€1,294
up €1,294 (+20.3%), from €6,369 to €7,663
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 | €8,219 | €13,808 | +€5,589 | +68.0% |
| Fixed assets | 21/28 | €4,649 | €728 | -€3,920 | -84.3% |
| Tangible fixed assets | 22/27 | €2,149 | €728 | -€1,420 | -66.1% |
| Plant, machinery and equipment | 23 | €1,673 | €728 | -€945 | -56.5% |
| Furniture and vehicles | 24 | €475 | - | -€475 | |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €3,570 | €13,080 | +€9,509 | +266% |
| Amounts receivable within one year | 40/41 | €727 | €1,253 | +€526 | +72.3% |
| Trade receivables | 40 | €363 | €363 | = | 0.0% |
| Other amounts receivable | 41 | €364 | €890 | +€526 | +144% |
| Cash at bank and in hand | 54/58 | €2,843 | €11,827 | +€8,984 | +316% |
| Total equity and liabilities | 10/49 | €8,219 | €13,808 | +€5,589 | +68.0% |
| Equity | 10/15 | -€24,049 | -€19,781 | +€4,268 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,833 | €12,833 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,973 | €10,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,483 | -€51,214 | +€4,268 | +7.7% |
| Provisions and deferred taxes | 16 | €30,771 | €30,771 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,771 | €30,771 | = | 0.0% |
| Pensions and similar obligations | 160 | €30,771 | €30,771 | = | 0.0% |
| Amounts payable | 17/49 | €1,497 | €2,818 | +€1,320 | +88.2% |
| Amounts payable within one year | 42/48 | €1,497 | €2,818 | +€1,320 | +88.2% |
| Trade debts | 44 | €593 | €1,227 | +€634 | +107% |
| Suppliers | 440/4 | €593 | €1,227 | +€634 | +107% |
| Taxes, remuneration and social security | 45 | €905 | €971 | +€67 | +7.4% |
| Taxes | 450/3 | €350 | €350 | = | 0.0% |
| Remuneration and social security | 454/9 | €555 | €621 | +€67 | +12.0% |
| Other amounts payable | 47/48 | - | €620 | +€620 | |
| Non-recurring operating income | 76A | - | €13,703 | +€13,703 | |
| Remuneration, social security and pensions | 62 | €6,369 | €7,663 | +€1,294 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,918 | €1,074 | -€2,844 | -72.6% |
| Other operating charges | 640/8 | €565 | €517 | -€48 | -8.5% |
| Gross operating margin | 9900 | €826 | €13,637 | +€12,811 | +1,551% |
| Operating profit (loss) | 9901 | -€10,027 | €4,383 | +€14,409 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €87 | €127 | +€40 | +46.4% |
| Recurring financial charges | 65 | €87 | €127 | +€40 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,114 | €4,268 | +€14,382 | |
| Profit (loss) for the period | 9904 | -€10,114 | €4,268 | +€14,382 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,114 | €4,268 | +€14,382 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.