STUDIO BALASSE: what changed
Two fiscal 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 BALASSE
Largest movements
- Cash +€7,968
up €7,968 (+23.5%), from €33,969 to €41,937
mainly Net result for the year (+€18,545) and Depreciation (+€14,961)
- Tangible fixed assets +€4,069
up €4,069 (+11.3%), from €36,133 to €40,202
of which Furniture and vehicles: +€4,308
- Reserves +€16,000
up €16,000 (+65.4%), from €24,469 to €40,469
of which Distributable reserves: +€16,000
- Debts after one year -€5,967
down €5,967 (-79.6%), from €7,493 to €1,526
- Other debts -€5,791
down €5,791 (-33.9%), from €17,068 to €11,277
- Tax, wage and social debts +€5,110
up €5,110 (+79.6%), from €6,419 to €11,529
- Profit (loss) carried forward +€2,545
up €2,545 (+10.9%), from -€23,268 to -€20,723
- Gross operating margin +€4,174
up €4,174 (+10.7%), from €39,055 to €43,229
- Taxes +€3,100
up €3,100 (+71.2%), from €4,351 to €7,451
- Financial charges -€562
down €562 (-22.9%), from €2,449 to €1,887
- Depreciation -€561
down €561 (-3.6%), from €15,522 to €14,961
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 | €87,414 | €99,059 | +€11,645 | +13.3% |
| Fixed assets | 21/28 | €36,200 | €40,269 | +€4,069 | +11.2% |
| Tangible fixed assets | 22/27 | €36,133 | €40,202 | +€4,069 | +11.3% |
| Furniture and vehicles | 24 | €35,365 | €39,673 | +€4,308 | +12.2% |
| Other tangible fixed assets | 26 | €769 | €529 | -€240 | -31.2% |
| Financial fixed assets | 28 | €67 | €67 | +€0 | +0.7% |
| Current assets | 29/58 | €51,214 | €58,790 | +€7,576 | +14.8% |
| Amounts receivable within one year | 40/41 | €15,779 | €15,212 | -€567 | -3.6% |
| Trade receivables | 40 | €10,944 | €11,790 | +€846 | +7.7% |
| Other amounts receivable | 41 | €4,835 | €3,422 | -€1,413 | -29.2% |
| Current investments | 50/53 | - | €251 | +€251 | |
| Cash at bank and in hand | 54/58 | €33,969 | €41,937 | +€7,968 | +23.5% |
| Deferred charges and accrued income | 490/1 | €1,466 | €1,390 | -€76 | -5.2% |
| Total equity and liabilities | 10/49 | €87,414 | €99,059 | +€11,645 | +13.3% |
| Equity | 10/15 | €47,061 | €65,606 | +€18,545 | +39.4% |
| Contributions | 10/11 | €45,860 | €45,860 | -€0 | 0.0% |
| Reserves | 13 | €24,469 | €40,469 | +€16,000 | +65.4% |
| Non-distributable reserves | 130/1 | €4,501 | €4,501 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €4,501 | €4,501 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €2,923 | €2,923 | = | 0.0% |
| Distributable reserves | 133 | €17,045 | €33,045 | +€16,000 | +93.9% |
| Profit (loss) carried forward | 14 | -€23,268 | -€20,723 | +€2,545 | +10.9% |
| Amounts payable | 17/49 | €40,353 | €33,453 | -€6,900 | -17.1% |
| Amounts payable after more than one year | 17 | €7,493 | €1,526 | -€5,967 | -79.6% |
| Financial debts | 170/4 | €7,493 | €1,526 | -€5,967 | -79.6% |
| Amounts payable within one year | 42/48 | €32,859 | €31,927 | -€932 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €5,690 | €5,968 | +€278 | +4.9% |
| Trade debts | 44 | €3,682 | €3,153 | -€529 | -14.4% |
| Suppliers | 440/4 | €3,682 | €3,153 | -€529 | -14.4% |
| Taxes, remuneration and social security | 45 | €6,419 | €11,529 | +€5,110 | +79.6% |
| Taxes | 450/3 | €6,419 | €11,529 | +€5,110 | +79.6% |
| Other amounts payable | 47/48 | €17,068 | €11,277 | -€5,791 | -33.9% |
| Non-recurring operating income | 76A | - | €606 | +€606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,522 | €14,961 | -€561 | -3.6% |
| Other operating charges | 640/8 | €557 | €506 | -€51 | -9.2% |
| Gross operating margin | 9900 | €39,055 | €43,229 | +€4,174 | +10.7% |
| Operating profit (loss) | 9901 | €22,976 | €27,762 | +€4,786 | +20.8% |
| Financial income | 75/76B | €15 | €121 | +€106 | +697.1% |
| Recurring financial income | 75 | €15 | €121 | +€106 | +697.1% |
| Financial charges | 65/66B | €2,449 | €1,887 | -€562 | -22.9% |
| Recurring financial charges | 65 | €2,449 | €1,887 | -€562 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €20,543 | €25,996 | +€5,453 | +26.5% |
| Income taxes | 67/77 | €4,351 | €7,451 | +€3,100 | +71.2% |
| Profit (loss) for the period | 9904 | €16,191 | €18,545 | +€2,354 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,191 | €18,545 | +€2,354 | +14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.