STUDIO BEWIND: 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 BEWIND
Largest movements
- Intangible fixed assets -€15,400
down €15,400 (-12.2%), from €126,280 to €110,880
- Receivables within one year +€5,839
up €5,839 (+15.8%), from €36,902 to €42,741
of which Trade receivables: +€6,463
- Cash +€4,831
up €4,831 (+166.3%), from €2,905 to €7,735
mainly Trade debts (+€20,224) and Depreciation (+€16,836)
- Debts after one year -€21,974
down €21,974 (-32.6%), from €67,343 to €45,369
- Trade debts +€20,224
up €20,224 (+232.0%), from €8,717 to €28,941
- Tax, wage and social debts -€13,069
down €13,069 (-87.8%), from €14,886 to €1,818
of which Taxes: -€14,784
- Other debts +€10,000
up €10,000 (+48.1%), from €20,771 to €30,771
- Gross operating margin -€4,876
down €4,876 (-18.8%), from €25,945 to €21,069
- Depreciation -€4,232
down €4,232 (-20.1%), from €21,068 to €16,836
- Staff costs +€2,856
new in 2025: €2,856
- Financial income +€1,572
new in 2025: €1,572
- Financial charges -€359
down €359 (-9.9%), from €3,620 to €3,261
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 | €203,024 | €198,112 | -€4,912 | -2.4% |
| Fixed assets | 21/28 | €161,384 | €144,548 | -€16,836 | -10.4% |
| Intangible fixed assets | 21 | €126,280 | €110,880 | -€15,400 | -12.2% |
| Tangible fixed assets | 22/27 | €35,104 | €33,668 | -€1,436 | -4.1% |
| Land and buildings | 22 | €35,104 | €33,668 | -€1,436 | -4.1% |
| Current assets | 29/58 | €41,640 | €53,565 | +€11,924 | +28.6% |
| Amounts receivable within one year | 40/41 | €36,902 | €42,741 | +€5,839 | +15.8% |
| Trade receivables | 40 | €14,740 | €21,203 | +€6,463 | +43.8% |
| Other amounts receivable | 41 | €22,162 | €21,538 | -€624 | -2.8% |
| Cash at bank and in hand | 54/58 | €2,905 | €7,735 | +€4,831 | +166.3% |
| Deferred charges and accrued income | 490/1 | €1,834 | €3,088 | +€1,255 | +68.4% |
| Total equity and liabilities | 10/49 | €203,024 | €198,112 | -€4,912 | -2.4% |
| Equity | 10/15 | €69,472 | €68,553 | -€919 | -1.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €44,472 | €43,553 | -€919 | -2.1% |
| Distributable reserves | 133 | €44,472 | €43,553 | -€919 | -2.1% |
| Amounts payable | 17/49 | €133,552 | €129,559 | -€3,992 | -3.0% |
| Amounts payable after more than one year | 17 | €67,343 | €45,369 | -€21,974 | -32.6% |
| Financial debts | 170/4 | €67,343 | €45,369 | -€21,974 | -32.6% |
| Amounts payable within one year | 42/48 | €66,209 | €84,190 | +€17,982 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €21,834 | €22,660 | +€826 | +3.8% |
| Trade debts | 44 | €8,717 | €28,941 | +€20,224 | +232.0% |
| Suppliers | 440/4 | €8,717 | €28,941 | +€20,224 | +232.0% |
| Taxes, remuneration and social security | 45 | €14,886 | €1,818 | -€13,069 | -87.8% |
| Taxes | 450/3 | €14,886 | €102 | -€14,784 | -99.3% |
| Remuneration and social security | 454/9 | - | €1,715 | +€1,715 | |
| Other amounts payable | 47/48 | €20,771 | €30,771 | +€10,000 | +48.1% |
| Remuneration, social security and pensions | 62 | - | €2,856 | +€2,856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,068 | €16,836 | -€4,232 | -20.1% |
| Other operating charges | 640/8 | €627 | €607 | -€19 | -3.1% |
| Gross operating margin | 9900 | €25,945 | €21,069 | -€4,876 | -18.8% |
| Operating profit (loss) | 9901 | €4,251 | €770 | -€3,481 | -81.9% |
| Financial income | 75/76B | - | €1,572 | +€1,572 | |
| Recurring financial income | 75 | - | €1,572 | +€1,572 | |
| Financial charges | 65/66B | €3,620 | €3,261 | -€359 | -9.9% |
| Recurring financial charges | 65 | €3,620 | €3,261 | -€359 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €631 | -€919 | -€1,550 | |
| Income taxes | 67/77 | €173 | - | -€173 | |
| Profit (loss) for the period | 9904 | €458 | -€919 | -€1,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €458 | -€919 | -€1,377 |
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 29 September 2026 via checked.be.