STUDIO BLANCHE: what changed
What changed
STUDIO BLANCHE
NACE 18.130, Pre-press and pre-media services
filed annual accounts (NBB)
Net result for the year
€143,186
2024 · €47,633+€95,553
Equity
€719,543
2024 · €576,356+€143,186
Cash
€141,526
2024 · €187,469-€45,943
Balance sheet total
€1.1m
2024 · €998,376+€104,625
Largest movements
Assets
- Tangible fixed assets +€168,697
up €168,697 (+24.9%), from €676,641 to €845,338
of which Land and buildings: +€158,100
- Cash -€45,943
down €45,943 (-24.5%), from €187,469 to €141,526
mainly Investment in fixed assets (net) (-€211,570) and Debts after one year (-€33,570)
- Stocks and contracts -€21,763
down €21,763 (-21.6%), from €100,879 to €79,116
Equity and liabilities
- Reserves +€143,186
up €143,186 (+25.7%), from €557,756 to €700,943
- Debts after one year -€33,570
down €33,570 (-10.3%), from €325,258 to €291,688
- Tax, wage and social debts -€18,604
down €18,604 (-73.4%), from €25,363 to €6,759
Income statement
- Gross operating margin +€107,898
up €107,898 (+85.7%), from €125,851 to €233,750
- Taxes +€17,326
up €17,326 (+131%), from €13,270 to €30,596
- Depreciation -€3,905
down €3,905 (-8.3%), from €46,778 to €42,873
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€47,633
Gross operating margin
+€107,898
Depreciation
+€3,905
Other operating charges
+€377
Financial income
+€65
Financial charges
+€634
Taxes
-€17,326
Result 2025
€143,186
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€198,618
Investment
-€211,570
Financing
-€32,991
Cash 2024
€187,469
From operations (derived)
+€198,618
Net result for the year
+€143,186
Depreciation
+€42,873
Stocks and contracts
+€21,763
Receivables within one year
-€2,470
Deferred charges and accrued income
-€1,165
Trade debts
+€5,959
Tax, wage and social debts
-€18,604
Other debts
+€6,990
Accrued charges and deferred income
+€85
Investment (derived)
-€211,570
Investment in fixed assets (net)
-€211,570
Financing
-€32,991
Debts after one year
-€33,570
Current portion of long-term debt
+€578
Cash 2025
€141,526
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €998,376 | €1,103,001 | +€104,625 | +10.5% |
| Fixed assets | 21/28 | €676,641 | €845,338 | +€168,697 | +24.9% |
| Tangible fixed assets | 22/27 | €676,641 | €845,338 | +€168,697 | +24.9% |
| Land and buildings | 22 | €622,717 | €780,817 | +€158,100 | +25.4% |
| Plant, machinery and equipment | 23 | €36,055 | €51,031 | +€14,977 | +41.5% |
| Furniture and vehicles | 24 | €17,869 | €13,489 | -€4,380 | -24.5% |
| Current assets | 29/58 | €321,735 | €257,663 | -€64,072 | -19.9% |
| Stocks and contracts in progress | 3 | €100,879 | €79,116 | -€21,763 | -21.6% |
| Stocks | 30/36 | €100,879 | €79,116 | -€21,763 | -21.6% |
| Amounts receivable within one year | 40/41 | €32,848 | €35,317 | +€2,470 | +7.5% |
| Trade receivables | 40 | €14,832 | €531 | -€14,301 | -96.4% |
| Other amounts receivable | 41 | €18,016 | €34,786 | +€16,770 | +93.1% |
| Cash at bank and in hand | 54/58 | €187,469 | €141,526 | -€45,943 | -24.5% |
| Deferred charges and accrued income | 490/1 | €539 | €1,704 | +€1,165 | +216% |
| Total equity and liabilities | 10/49 | €998,376 | €1,103,001 | +€104,625 | +10.5% |
| Equity | 10/15 | €576,356 | €719,543 | +€143,186 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €557,756 | €700,943 | +€143,186 | +25.7% |
| Distributable reserves | 133 | €557,756 | €700,943 | +€143,186 | +25.7% |
| Amounts payable | 17/49 | €422,020 | €383,458 | -€38,562 | -9.1% |
| Amounts payable after more than one year | 17 | €325,258 | €291,688 | -€33,570 | -10.3% |
| Financial debts | 170/4 | €325,258 | €291,688 | -€33,570 | -10.3% |
| Amounts payable within one year | 42/48 | €95,191 | €90,114 | -€5,077 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €32,991 | €33,570 | +€578 | +1.8% |
| Trade debts | 44 | €6,339 | €12,297 | +€5,959 | +94.0% |
| Suppliers | 440/4 | €6,339 | €12,297 | +€5,959 | +94.0% |
| Taxes, remuneration and social security | 45 | €25,363 | €6,759 | -€18,604 | -73.4% |
| Taxes | 450/3 | €25,363 | €6,759 | -€18,604 | -73.4% |
| Other amounts payable | 47/48 | €30,498 | €37,488 | +€6,990 | +22.9% |
| Accrued charges and deferred income | 492/3 | €1,572 | €1,657 | +€85 | +5.4% |
| Non-recurring operating income | 76A | - | €96,253 | +€96,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,778 | €42,873 | -€3,905 | -8.3% |
| Other operating charges | 640/8 | €8,401 | €8,025 | -€377 | -4.5% |
| Gross operating margin | 9900 | €125,851 | €233,750 | +€107,898 | +85.7% |
| Operating profit (loss) | 9901 | €70,672 | €182,852 | +€112,180 | +159% |
| Financial income | 75/76B | €314 | €380 | +€65 | +20.7% |
| Recurring financial income | 75 | €314 | €380 | +€65 | +20.7% |
| Financial charges | 65/66B | €10,084 | €9,449 | -€634 | -6.3% |
| Recurring financial charges | 65 | €10,084 | €9,449 | -€634 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €60,903 | €173,782 | +€112,879 | +185% |
| Income taxes | 67/77 | €13,270 | €30,596 | +€17,326 | +131% |
| Profit (loss) for the period | 9904 | €47,633 | €143,186 | +€95,553 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €47,633 | €143,186 | +€95,553 | +201% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.