STUDIO BLEND.: 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 BLEND.
Largest movements
- Tangible fixed assets -€8,895
down €8,895 (-2.9%), from €310,475 to €301,580
of which Land and buildings: -€4,778
- Receivables within one year +€3,962
up €3,962 (+13.1%), from €30,216 to €34,178
of which Trade receivables: +€7,418
- Other debts +€27,838
up €27,838 (+6628.2%), from €420 to €28,258
- Debts after one year -€20,115
down €20,115 (-7.5%), from €267,816 to €247,701
- Trade debts -€6,721
down €6,721 (-59.0%), from €11,389 to €4,668
- Profit (loss) carried forward -€5,321
down €5,321 (-51.8%), from -€10,273 to -€15,593
- Gross operating margin +€16,613
up €16,613 (+154.3%), from €10,768 to €27,381
- Depreciation +€6,782
up €6,782 (+56.9%), from €11,913 to €18,696
- Financial charges +€3,914
up €3,914 (+52.7%), from €7,429 to €11,344
- Other operating charges +€510
up €510 (+41.2%), from €1,239 to €1,749
- Financial income -€334
down €334 (-100.0%), from €334 to €0
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 | €360,625 | €356,173 | -€4,452 | -1.2% |
| Fixed assets | 21/28 | €310,475 | €301,580 | -€8,895 | -2.9% |
| Tangible fixed assets | 22/27 | €310,475 | €301,580 | -€8,895 | -2.9% |
| Land and buildings | 22 | €298,651 | €293,873 | -€4,778 | -1.6% |
| Plant, machinery and equipment | 23 | €5,989 | €4,935 | -€1,054 | -17.6% |
| Furniture and vehicles | 24 | €5,834 | €2,772 | -€3,062 | -52.5% |
| Current assets | 29/58 | €50,150 | €54,593 | +€4,443 | +8.9% |
| Amounts receivable within one year | 40/41 | €30,216 | €34,178 | +€3,962 | +13.1% |
| Trade receivables | 40 | €16,618 | €24,036 | +€7,418 | +44.6% |
| Other amounts receivable | 41 | €13,597 | €10,142 | -€3,455 | -25.4% |
| Cash at bank and in hand | 54/58 | €16,280 | €18,125 | +€1,844 | +11.3% |
| Deferred charges and accrued income | 490/1 | €3,654 | €2,290 | -€1,364 | -37.3% |
| Total equity and liabilities | 10/49 | €360,625 | €356,173 | -€4,452 | -1.2% |
| Equity | 10/15 | €51,649 | €46,910 | -€4,739 | -9.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €59,922 | €60,504 | +€582 | +1.0% |
| Tax-exempt reserves | 132 | €1,548 | €2,130 | +€582 | +37.6% |
| Distributable reserves | 133 | €58,374 | €58,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,273 | -€15,593 | -€5,321 | -51.8% |
| Amounts payable | 17/49 | €308,975 | €309,262 | +€287 | +0.1% |
| Amounts payable after more than one year | 17 | €267,816 | €247,701 | -€20,115 | -7.5% |
| Financial debts | 170/4 | €267,816 | €247,701 | -€20,115 | -7.5% |
| Amounts payable within one year | 42/48 | €40,922 | €61,323 | +€20,402 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €24,392 | €26,115 | +€1,723 | +7.1% |
| Trade debts | 44 | €11,389 | €4,668 | -€6,721 | -59.0% |
| Suppliers | 440/4 | €11,389 | €4,668 | -€6,721 | -59.0% |
| Taxes, remuneration and social security | 45 | €4,721 | €2,282 | -€2,439 | -51.7% |
| Taxes | 450/3 | €4,721 | €2,282 | -€2,439 | -51.7% |
| Other amounts payable | 47/48 | €420 | €28,258 | +€27,838 | +6628.2% |
| Accrued charges and deferred income | 492/3 | €238 | €238 | +€0 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,913 | €18,696 | +€6,782 | +56.9% |
| Other operating charges | 640/8 | €1,239 | €1,749 | +€510 | +41.2% |
| Gross operating margin | 9900 | €10,768 | €27,381 | +€16,613 | +154.3% |
| Operating profit (loss) | 9901 | -€2,385 | €6,935 | +€9,321 | |
| Financial income | 75/76B | €334 | €0 | -€334 | -100.0% |
| Recurring financial income | 75 | €334 | €0 | -€334 | -100.0% |
| Financial charges | 65/66B | €7,429 | €11,344 | +€3,914 | +52.7% |
| Recurring financial charges | 65 | €7,429 | €11,344 | +€3,914 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,480 | -€4,408 | +€5,072 | +53.5% |
| Income taxes | 67/77 | €211 | €331 | +€120 | +56.8% |
| Profit (loss) for the period | 9904 | -€9,691 | -€4,739 | +€4,952 | +51.1% |
| Transfer to tax-exempt reserves | 689 | €582 | €582 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,273 | -€5,321 | +€4,952 | +48.2% |
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 4 October 2026 via checked.be.