Studio Baxton: 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 Baxton
Largest movements
- Stocks and contracts +€16,104
up €16,104 (+12.8%), from €125,391 to €141,495
- Cash +€4,309
up €4,309 (+86.0%), from €5,011 to €9,320
mainly Net result for the year (+€28,801) and Other debts (+€14,132)
- Receivables within one year -€3,434
down €3,434 (-16.8%), from €20,385 to €16,951
of which Other amounts receivable: -€4,219
- Reserves +€28,801
up €28,801 (+62.3%), from €46,248 to €75,048
of which Distributable reserves: +€28,801
- Other debts +€14,132
up €14,132 (+28.0%), from €50,512 to €64,644
- Trade debts -€13,567
down €13,567 (-60.8%), from €22,304 to €8,736
- Tax, wage and social debts -€10,525
down €10,525 (-56.8%), from €18,516 to €7,991
of which Remuneration and social security: -€6,758
- Accrued charges and deferred income -€1,794
down €1,794 (-45.7%), from €3,926 to €2,132
- Gross operating margin +€39,407
up €39,407 (+38.5%), from €102,263 to €141,670
- Depreciation -€16,494
down €16,494 (-77.5%), from €21,271 to €4,777
- Staff costs -€2,113
down €2,113 (-2.1%), from €100,744 to €98,631
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 | €161,505 | €178,551 | +€17,046 | +10.6% |
| Fixed assets | 21/28 | €9,778 | €10,501 | +€723 | +7.4% |
| Intangible fixed assets | 21 | €8,967 | €10,462 | +€1,495 | +16.7% |
| Tangible fixed assets | 22/27 | €811 | €39 | -€772 | -95.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €811 | €39 | -€772 | -95.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €151,727 | €168,051 | +€16,324 | +10.8% |
| Stocks and contracts in progress | 3 | €125,391 | €141,495 | +€16,104 | +12.8% |
| Stocks | 30/36 | €125,391 | €141,495 | +€16,104 | +12.8% |
| Amounts receivable within one year | 40/41 | €20,385 | €16,951 | -€3,434 | -16.8% |
| Trade receivables | 40 | €4,888 | €5,672 | +€785 | +16.1% |
| Other amounts receivable | 41 | €15,497 | €11,278 | -€4,219 | -27.2% |
| Cash at bank and in hand | 54/58 | €5,011 | €9,320 | +€4,309 | +86.0% |
| Deferred charges and accrued income | 490/1 | €940 | €285 | -€655 | -69.7% |
| Total equity and liabilities | 10/49 | €161,505 | €178,551 | +€17,046 | +10.6% |
| Equity | 10/15 | €66,248 | €95,048 | +€28,801 | +43.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €46,248 | €75,048 | +€28,801 | +62.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €44,248 | €73,048 | +€28,801 | +65.1% |
| Amounts payable | 17/49 | €95,258 | €83,503 | -€11,754 | -12.3% |
| Amounts payable within one year | 42/48 | €91,331 | €81,371 | -€9,960 | -10.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €22,304 | €8,736 | -€13,567 | -60.8% |
| Suppliers | 440/4 | €22,304 | €8,736 | -€13,567 | -60.8% |
| Taxes, remuneration and social security | 45 | €18,516 | €7,991 | -€10,525 | -56.8% |
| Taxes | 450/3 | €7,360 | €3,593 | -€3,767 | -51.2% |
| Remuneration and social security | 454/9 | €11,157 | €4,398 | -€6,758 | -60.6% |
| Other amounts payable | 47/48 | €50,512 | €64,644 | +€14,132 | +28.0% |
| Accrued charges and deferred income | 492/3 | €3,926 | €2,132 | -€1,794 | -45.7% |
| Remuneration, social security and pensions | 62 | €100,744 | €98,631 | -€2,113 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,271 | €4,777 | -€16,494 | -77.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,174 | €2,029 | +€855 | +72.8% |
| Other operating charges | 640/8 | €434 | €447 | +€12 | +2.9% |
| Gross operating margin | 9900 | €102,263 | €141,670 | +€39,407 | +38.5% |
| Operating profit (loss) | 9901 | -€21,360 | €35,787 | +€57,147 | |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €6,621 | €6,989 | +€368 | +5.6% |
| Recurring financial charges | 65 | €6,621 | €5,639 | -€982 | -14.8% |
| Non-recurring financial charges | 66B | - | €1,350 | +€1,350 | |
| Profit (loss) for the period before taxes | 9903 | -€27,981 | €28,801 | +€56,782 | |
| Profit (loss) for the period | 9904 | -€27,981 | €28,801 | +€56,782 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,981 | €28,801 | +€56,782 |
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 8 October 2026 via checked.be.