STUDIO BRIX: 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 BRIX
Largest movements
- Tangible fixed assets +€440,768
up €440,768 (+56.6%), from €778,459 to €1.2m
of which Land and buildings: +€369,868
- Current investments -€289,718
no longer reported in 2025 (was €289,718)
- Cash +€32,186
up €32,186 (+612.4%), from €5,256 to €37,442
mainly Current investments (+€289,718) and Debts after one year (+€77,277)
- Receivables within one year +€13,830
up €13,830 (+55.1%), from €25,118 to €38,948
of which Trade receivables: +€38,948
- Debts after one year +€77,277
up €77,277 (+10.8%), from €713,740 to €791,017
- Other debts +€57,230
up €57,230 (+73.7%), from €77,640 to €134,870
- Reserves +€24,721
up €24,721 (+10.0%), from €247,318 to €272,039
of which Distributable reserves: +€24,721
- Current portion of long-term debt +€24,362
up €24,362 (+33.9%), from €71,884 to €96,246
- Trade debts +€13,855
up €13,855 (+339.2%), from €4,084 to €17,939
- Gross operating margin +€83,981
up €83,981 (+166.8%), from €50,334 to €134,315
- Depreciation +€24,306
up €24,306 (+55.6%), from €43,687 to €67,993
- Financial charges +€12,140
up €12,140 (+96.5%), from €12,586 to €24,726
- Taxes +€10,820
up €10,820 (+289.0%), from €3,744 to €14,564
- Financial income -€8,454
down €8,454 (-63.2%), from €13,369 to €4,915
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 | €1,127,304 | €1,323,243 | +€195,939 | +17.4% |
| Formation expenses | 20 | - | €813 | +€813 | |
| Fixed assets | 21/28 | €798,304 | €1,239,072 | +€440,768 | +55.2% |
| Tangible fixed assets | 22/27 | €778,459 | €1,219,227 | +€440,768 | +56.6% |
| Land and buildings | 22 | €717,313 | €1,087,182 | +€369,868 | +51.6% |
| Plant, machinery and equipment | 23 | €14,680 | €12,400 | -€2,280 | -15.5% |
| Furniture and vehicles | 24 | €46,466 | €119,645 | +€73,179 | +157.5% |
| Financial fixed assets | 28 | €19,845 | €19,845 | = | 0.0% |
| Current assets | 29/58 | €329,000 | €83,358 | -€245,642 | -74.7% |
| Amounts receivable within one year | 40/41 | €25,118 | €38,948 | +€13,830 | +55.1% |
| Trade receivables | 40 | - | €38,948 | +€38,948 | |
| Other amounts receivable | 41 | €25,118 | - | -€25,118 | |
| Current investments | 50/53 | €289,718 | - | -€289,718 | |
| Cash at bank and in hand | 54/58 | €5,256 | €37,442 | +€32,186 | +612.4% |
| Deferred charges and accrued income | 490/1 | €8,909 | €6,969 | -€1,940 | -21.8% |
| Total equity and liabilities | 10/49 | €1,127,304 | €1,323,243 | +€195,939 | +17.4% |
| Equity | 10/15 | €252,002 | €278,639 | +€26,638 | +10.6% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Capital | 10 | €6,600 | €6,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €247,318 | €272,039 | +€24,721 | +10.0% |
| Non-distributable reserves | 130/1 | €280 | €280 | = | 0.0% |
| Legal reserve | 130 | €280 | €280 | = | 0.0% |
| Distributable reserves | 133 | €247,038 | €271,759 | +€24,721 | +10.0% |
| Profit (loss) carried forward | 14 | -€1,916 | - | +€1,916 | |
| Amounts payable | 17/49 | €875,303 | €1,044,604 | +€169,301 | +19.3% |
| Amounts payable after more than one year | 17 | €713,740 | €791,017 | +€77,277 | +10.8% |
| Financial debts | 170/4 | €713,740 | €791,017 | +€77,277 | +10.8% |
| Amounts payable within one year | 42/48 | €161,563 | €253,586 | +€92,024 | +57.0% |
| Current portion of amounts payable after more than one year | 42 | €71,884 | €96,246 | +€24,362 | +33.9% |
| Trade debts | 44 | €4,084 | €17,939 | +€13,855 | +339.2% |
| Suppliers | 440/4 | €4,084 | €17,939 | +€13,855 | +339.2% |
| Taxes, remuneration and social security | 45 | €7,954 | €4,531 | -€3,424 | -43.0% |
| Taxes | 450/3 | €7,954 | €4,531 | -€3,424 | -43.0% |
| Other amounts payable | 47/48 | €77,640 | €134,870 | +€57,230 | +73.7% |
| Non-recurring operating income | 76A | - | €661 | +€661 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,687 | €67,993 | +€24,306 | +55.6% |
| Other operating charges | 640/8 | €5,603 | €5,311 | -€293 | -5.2% |
| Gross operating margin | 9900 | €50,334 | €134,315 | +€83,981 | +166.8% |
| Operating profit (loss) | 9901 | €1,044 | €61,012 | +€59,968 | +5743.4% |
| Financial income | 75/76B | €13,369 | €4,915 | -€8,454 | -63.2% |
| Recurring financial income | 75 | €13,369 | €4,915 | -€8,454 | -63.2% |
| Financial charges | 65/66B | €12,586 | €24,726 | +€12,140 | +96.5% |
| Recurring financial charges | 65 | €12,586 | €24,726 | +€12,140 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €1,828 | €41,201 | +€39,374 | +2154.5% |
| Income taxes | 67/77 | €3,744 | €14,564 | +€10,820 | +289.0% |
| Profit (loss) for the period | 9904 | -€1,916 | €26,638 | +€28,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,916 | €26,638 | +€28,554 |
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 10 October 2026 via checked.be.