STUDIO BOUW: what changed
Two financial 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 BOUW
Largest movements
- Tangible fixed assets +€26,542
up €26,542 (+8.1%), from €325,865 to €352,407
of which Leasing and similar rights: +€42,005
- Current investments +€24,778
new in 2025: €24,778
- Cash +€24,501
up €24,501 (+123.5%), from €19,845 to €44,346
mainly Receivables within one year (+€23,569) and Net result for the year (+€22,082)
- Receivables within one year -€23,569
down €23,569 (-65.8%), from €35,811 to €12,242
of which Trade receivables: -€21,013
- Reserves +€22,082
up €22,082 (+49.8%), from €44,325 to €66,407
- Debts after one year +€17,115
up €17,115 (+5.5%), from €310,301 to €327,416
of which Financial debts: +€9,636
- Current portion of long-term debt +€8,217
up €8,217 (+55.6%), from €14,792 to €23,009
- Tax, wage and social debts +€6,017
up €6,017 (+87.5%), from €6,879 to €12,896
of which Taxes: +€4,817
- Taxes +€4,566
up €4,566 (+70.8%), from €6,445 to €11,010
- Depreciation +€2,321
up €2,321 (+14.8%), from €15,681 to €18,001
- Other operating charges +€1,689
up €1,689 (+893.3%), from €189 to €1,878
- Gross operating margin -€1,101
down €1,101 (-2.0%), from €56,220 to €55,119
- Financial charges -€1,027
down €1,027 (-31.7%), from €3,241 to €2,215
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 | €382,022 | €434,292 | +€52,270 | +13.7% |
| Fixed assets | 21/28 | €325,890 | €352,432 | +€26,542 | +8.1% |
| Tangible fixed assets | 22/27 | €325,865 | €352,407 | +€26,542 | +8.1% |
| Land and buildings | 22 | €322,440 | €308,307 | -€14,133 | -4.4% |
| Plant, machinery and equipment | 23 | €2,214 | €1,204 | -€1,010 | -45.6% |
| Furniture and vehicles | 24 | €346 | €147 | -€199 | -57.6% |
| Leasing and similar rights | 25 | - | €42,005 | +€42,005 | |
| Other tangible fixed assets | 26 | €865 | €744 | -€121 | -14.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €56,132 | €81,860 | +€25,728 | +45.8% |
| Amounts receivable within one year | 40/41 | €35,811 | €12,242 | -€23,569 | -65.8% |
| Trade receivables | 40 | €33,255 | €12,242 | -€21,013 | -63.2% |
| Other amounts receivable | 41 | €2,555 | - | -€2,555 | |
| Current investments | 50/53 | - | €24,778 | +€24,778 | |
| Cash at bank and in hand | 54/58 | €19,845 | €44,346 | +€24,501 | +123.5% |
| Deferred charges and accrued income | 490/1 | €477 | €494 | +€18 | +3.7% |
| Total equity and liabilities | 10/49 | €382,022 | €434,292 | +€52,270 | +13.7% |
| Equity | 10/15 | €48,325 | €70,407 | +€22,082 | +45.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €44,325 | €66,407 | +€22,082 | +49.8% |
| Distributable reserves | 133 | €44,325 | €66,407 | +€22,082 | +49.8% |
| Amounts payable | 17/49 | €333,697 | €363,885 | +€30,188 | +9.0% |
| Amounts payable after more than one year | 17 | €310,301 | €327,416 | +€17,115 | +5.5% |
| Financial debts | 170/4 | €155,547 | €165,182 | +€9,636 | +6.2% |
| Other amounts payable | 178/9 | €154,754 | €162,233 | +€7,479 | +4.8% |
| Amounts payable within one year | 42/48 | €23,396 | €36,469 | +€13,073 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €14,792 | €23,009 | +€8,217 | +55.6% |
| Trade debts | 44 | €1,725 | €564 | -€1,161 | -67.3% |
| Suppliers | 440/4 | €1,725 | €564 | -€1,161 | -67.3% |
| Taxes, remuneration and social security | 45 | €6,879 | €12,896 | +€6,017 | +87.5% |
| Taxes | 450/3 | €5,429 | €10,246 | +€4,817 | +88.7% |
| Remuneration and social security | 454/9 | €1,450 | €2,650 | +€1,200 | +82.8% |
| Non-recurring operating income | 76A | - | €3,910 | +€3,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,681 | €18,001 | +€2,321 | +14.8% |
| Other operating charges | 640/8 | €189 | €1,878 | +€1,689 | +893.3% |
| Gross operating margin | 9900 | €56,220 | €55,119 | -€1,101 | -2.0% |
| Operating profit (loss) | 9901 | €40,351 | €35,239 | -€5,111 | -12.7% |
| Financial income | 75/76B | €147 | €68 | -€79 | -53.8% |
| Recurring financial income | 75 | €147 | €68 | -€79 | -53.8% |
| Financial charges | 65/66B | €3,241 | €2,215 | -€1,027 | -31.7% |
| Recurring financial charges | 65 | €3,241 | €2,215 | -€1,027 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €37,256 | €33,092 | -€4,163 | -11.2% |
| Income taxes | 67/77 | €6,445 | €11,010 | +€4,566 | +70.8% |
| Profit (loss) for the period | 9904 | €30,811 | €22,082 | -€8,729 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,811 | €22,082 | -€8,729 | -28.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.