STUDIO BREAKFAST: 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 BREAKFAST
Largest movements
- Cash +€33,211
up €33,211 (+97.7%), from €33,994 to €67,205
mainly Net result for the year (+€19,593) and Depreciation (+€14,752)
- Receivables within one year -€4,461
down €4,461 (-13.4%), from €33,231 to €28,770
of which Trade receivables: -€4,529
- Tangible fixed assets -€1,590
down €1,590 (-3.2%), from €50,052 to €48,462
of which Furniture and vehicles: -€10,049
- Accrued charges and deferred income +€10,952
up €10,952 (+13,897%), from €79 to €11,031
- Tax, wage and social debts +€10,241
up €10,241 (+82.8%), from €12,363 to €22,603
- Debts after one year -€4,981
down €4,981 (-37.6%), from €13,242 to €8,261
- Reserves +€4,400
up €4,400 (+6.1%), from €72,400 to €76,800
- Other debts +€3,260
up €3,260 (+11.8%), from €27,603 to €30,863
- Gross operating margin +€21,786
up €21,786 (+86.3%), from €25,255 to €47,041
- Taxes +€4,609
up €4,609 (+138%), from €3,339 to €7,949
- Depreciation +€2,131
up €2,131 (+16.9%), from €12,622 to €14,752
- Financial income -€1,563
down €1,563 (-99.2%), from €1,576 to €13
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.
Derived cash bridge
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 | €128,439 | €155,157 | +€26,718 | +20.8% |
| Fixed assets | 21/28 | €50,052 | €48,462 | -€1,590 | -3.2% |
| Tangible fixed assets | 22/27 | €50,052 | €48,462 | -€1,590 | -3.2% |
| Plant, machinery and equipment | 23 | €12,897 | €21,355 | +€8,458 | +65.6% |
| Furniture and vehicles | 24 | €37,155 | €27,107 | -€10,049 | -27.0% |
| Current assets | 29/58 | €78,387 | €106,695 | +€28,308 | +36.1% |
| Stocks and contracts in progress | 3 | €10,887 | €10,720 | -€166 | -1.5% |
| Stocks | 30/36 | €10,887 | €10,720 | -€166 | -1.5% |
| Amounts receivable within one year | 40/41 | €33,231 | €28,770 | -€4,461 | -13.4% |
| Trade receivables | 40 | €31,570 | €27,041 | -€4,529 | -14.3% |
| Other amounts receivable | 41 | €1,661 | €1,729 | +€68 | +4.1% |
| Cash at bank and in hand | 54/58 | €33,994 | €67,205 | +€33,211 | +97.7% |
| Deferred charges and accrued income | 490/1 | €275 | - | -€275 | |
| Total equity and liabilities | 10/49 | €128,439 | €155,157 | +€26,718 | +20.8% |
| Equity | 10/15 | €57,404 | €61,997 | +€4,593 | +8.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €72,400 | €76,800 | +€4,400 | +6.1% |
| Distributable reserves | 133 | €72,400 | €76,800 | +€4,400 | +6.1% |
| Profit (loss) carried forward | 14 | -€29,256 | -€29,063 | +€193 | +0.7% |
| Amounts payable | 17/49 | €71,035 | €93,160 | +€22,125 | +31.1% |
| Amounts payable after more than one year | 17 | €13,242 | €8,261 | -€4,981 | -37.6% |
| Financial debts | 170/4 | €13,242 | €8,261 | -€4,981 | -37.6% |
| Amounts payable within one year | 42/48 | €57,714 | €73,868 | +€16,154 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €4,806 | €4,981 | +€175 | +3.6% |
| Trade debts | 44 | €12,943 | €15,422 | +€2,478 | +19.1% |
| Suppliers | 440/4 | €12,943 | €15,422 | +€2,478 | +19.1% |
| Taxes, remuneration and social security | 45 | €12,363 | €22,603 | +€10,241 | +82.8% |
| Taxes | 450/3 | €12,363 | €22,603 | +€10,241 | +82.8% |
| Other amounts payable | 47/48 | €27,603 | €30,863 | +€3,260 | +11.8% |
| Accrued charges and deferred income | 492/3 | €79 | €11,031 | +€10,952 | +13,897% |
| Non-recurring operating income | 76A | €6,598 | €3,162 | -€3,437 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,622 | €14,752 | +€2,131 | +16.9% |
| Other operating charges | 640/8 | €906 | €629 | -€276 | -30.5% |
| Non-recurring operating charges | 66A | - | €930 | +€930 | |
| Gross operating margin | 9900 | €25,255 | €47,041 | +€21,786 | +86.3% |
| Operating profit (loss) | 9901 | €11,728 | €30,729 | +€19,001 | +162% |
| Financial income | 75/76B | €1,576 | €13 | -€1,563 | -99.2% |
| Recurring financial income | 75 | €1,576 | €13 | -€1,563 | -99.2% |
| Financial charges | 65/66B | €2,731 | €3,201 | +€469 | +17.2% |
| Recurring financial charges | 65 | €2,731 | €3,201 | +€469 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €10,573 | €27,542 | +€16,968 | +160% |
| Income taxes | 67/77 | €3,339 | €7,949 | +€4,609 | +138% |
| Profit (loss) for the period | 9904 | €7,234 | €19,593 | +€12,359 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €7,234 | €19,593 | +€12,359 | +171% |
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 17 October 2026 via checked.be.