STUDIO BE: 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 BE
Largest movements
- Current investments +€440,500
new in 2025: €440,500
- Cash -€407,857
down €407,857 (-83.0%), from €491,446 to €83,589
mainly Current investments (-€440,500) and Contributions, distributions and other (-€80,000)
- Deferred charges and accrued income +€8,100
new in 2025: €8,100
- Other debts +€52,250
up €52,250 (+220.0%), from €23,750 to €76,000
- Reserves -€16,000
down €16,000 (-5.5%), from €290,860 to €274,860
- Debts after one year -€11,935
down €11,935 (-30.5%), from €39,162 to €27,227
- Financial income +€8,075
up €8,075 (+583.0%), from €1,385 to €9,460
- Gross operating margin +€5,821
up €5,821 (+6.4%), from €90,715 to €96,536
- Taxes +€5,664
up €5,664 (+21.9%), from €25,862 to €31,526
- Depreciation -€1,549
down €1,549 (-20.8%), from €7,431 to €5,882
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 | €591,834 | €624,282 | +€32,448 | +5.5% |
| Fixed assets | 21/28 | €70,947 | €66,805 | -€4,142 | -5.8% |
| Tangible fixed assets | 22/27 | €70,947 | €66,805 | -€4,142 | -5.8% |
| Land and buildings | 22 | €70,695 | €65,184 | -€5,511 | -7.8% |
| Plant, machinery and equipment | 23 | - | €1,621 | +€1,621 | |
| Furniture and vehicles | 24 | €252 | - | -€252 | |
| Current assets | 29/58 | €520,887 | €557,477 | +€36,590 | +7.0% |
| Amounts receivable within one year | 40/41 | €29,441 | €25,288 | -€4,153 | -14.1% |
| Trade receivables | 40 | €10,815 | €11,062 | +€247 | +2.3% |
| Other amounts receivable | 41 | €18,626 | €14,226 | -€4,400 | -23.6% |
| Current investments | 50/53 | - | €440,500 | +€440,500 | |
| Cash at bank and in hand | 54/58 | €491,446 | €83,589 | -€407,857 | -83.0% |
| Deferred charges and accrued income | 490/1 | - | €8,100 | +€8,100 | |
| Total equity and liabilities | 10/49 | €591,834 | €624,282 | +€32,448 | +5.5% |
| Equity | 10/15 | €502,493 | €487,040 | -€15,453 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €290,860 | €274,860 | -€16,000 | -5.5% |
| Distributable reserves | 133 | €290,860 | €274,860 | -€16,000 | -5.5% |
| Profit (loss) carried forward | 14 | €205,433 | €205,980 | +€547 | +0.3% |
| Amounts payable | 17/49 | €89,341 | €137,242 | +€47,901 | +53.6% |
| Amounts payable after more than one year | 17 | €39,162 | €27,227 | -€11,935 | -30.5% |
| Financial debts | 170/4 | €39,162 | €27,227 | -€11,935 | -30.5% |
| Amounts payable within one year | 42/48 | €50,179 | €107,585 | +€57,406 | +114.4% |
| Current portion of amounts payable after more than one year | 42 | €11,835 | €11,797 | -€38 | -0.3% |
| Trade debts | 44 | €3,650 | €3,150 | -€500 | -13.7% |
| Suppliers | 440/4 | €3,650 | €3,150 | -€500 | -13.7% |
| Taxes, remuneration and social security | 45 | €10,944 | €16,638 | +€5,694 | +52.0% |
| Taxes | 450/3 | €10,944 | €16,638 | +€5,694 | +52.0% |
| Other amounts payable | 47/48 | €23,750 | €76,000 | +€52,250 | +220.0% |
| Accrued charges and deferred income | 492/3 | - | €2,430 | +€2,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,431 | €5,882 | -€1,549 | -20.8% |
| Other operating charges | 640/8 | €3,559 | €3,571 | +€12 | +0.3% |
| Gross operating margin | 9900 | €90,715 | €96,536 | +€5,821 | +6.4% |
| Operating profit (loss) | 9901 | €79,725 | €87,083 | +€7,358 | +9.2% |
| Financial income | 75/76B | €1,385 | €9,460 | +€8,075 | +583.0% |
| Recurring financial income | 75 | €1,385 | €9,460 | +€8,075 | +583.0% |
| Financial charges | 65/66B | €520 | €470 | -€50 | -9.6% |
| Recurring financial charges | 65 | €520 | €470 | -€50 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €80,590 | €96,073 | +€15,483 | +19.2% |
| Income taxes | 67/77 | €25,862 | €31,526 | +€5,664 | +21.9% |
| Profit (loss) for the period | 9904 | €54,728 | €64,547 | +€9,819 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,728 | €64,547 | +€9,819 | +17.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.