Studio Buelens: 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 Buelens
Largest movements
- Receivables within one year -€14,880
down €14,880 (-43.5%), from €34,195 to €19,315
of which Trade receivables: -€13,152
- Cash +€3,089
up €3,089 (+9.9%), from €31,094 to €34,183
mainly Receivables within one year (+€14,880) and Depreciation (+€3,030)
- Tangible fixed assets -€1,704
down €1,704 (-13.2%), from €12,934 to €11,230
of which Other tangible fixed assets: -€1,100
- Profit (loss) carried forward -€9,034
new in 2025: -€9,034
- Tax, wage and social debts -€6,122
down €6,122 (-64.6%), from €9,470 to €3,348
- Debts after one year +€2,576
up €2,576 (+81.0%), from €3,181 to €5,757
- Trade debts -€1,450
down €1,450 (-60.2%), from €2,409 to €959
- Gross operating margin -€15,589
down €15,589, from €10,029 to -€5,560
- Taxes -€1,271
no longer reported in 2025 (was €1,271)
- Depreciation -€355
down €355 (-10.5%), from €3,385 to €3,030
- Financial charges +€234
up €234 (+260%), from €90 to €324
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 | €90,731 | €76,701 | -€14,030 | -15.5% |
| Fixed assets | 21/28 | €12,935 | €11,231 | -€1,704 | -13.2% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,934 | €11,230 | -€1,704 | -13.2% |
| Plant, machinery and equipment | 23 | €218 | - | -€218 | |
| Furniture and vehicles | 24 | €5,336 | €4,950 | -€386 | -7.2% |
| Other tangible fixed assets | 26 | €7,380 | €6,280 | -€1,100 | -14.9% |
| Current assets | 29/58 | €77,797 | €65,470 | -€12,326 | -15.8% |
| Stocks and contracts in progress | 3 | €11,972 | €11,972 | = | 0.0% |
| Stocks | 30/36 | €11,972 | €11,972 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,195 | €19,315 | -€14,880 | -43.5% |
| Trade receivables | 40 | €27,467 | €14,315 | -€13,152 | -47.9% |
| Other amounts receivable | 41 | €6,729 | €5,000 | -€1,729 | -25.7% |
| Cash at bank and in hand | 54/58 | €31,094 | €34,183 | +€3,089 | +9.9% |
| Deferred charges and accrued income | 490/1 | €536 | - | -€536 | |
| Total equity and liabilities | 10/49 | €90,731 | €76,701 | -€14,030 | -15.5% |
| Equity | 10/15 | €75,671 | €66,638 | -€9,034 | -11.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €45,671 | €45,671 | = | 0.0% |
| Distributable reserves | 133 | €45,671 | €45,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,034 | -€9,034 | |
| Amounts payable | 17/49 | €15,060 | €10,064 | -€4,996 | -33.2% |
| Amounts payable after more than one year | 17 | €3,181 | €5,757 | +€2,576 | +81.0% |
| Other amounts payable | 178/9 | €3,181 | €5,757 | +€2,576 | +81.0% |
| Amounts payable within one year | 42/48 | €11,879 | €4,307 | -€7,572 | -63.7% |
| Trade debts | 44 | €2,409 | €959 | -€1,450 | -60.2% |
| Suppliers | 440/4 | €2,409 | €959 | -€1,450 | -60.2% |
| Taxes, remuneration and social security | 45 | €9,470 | €3,348 | -€6,122 | -64.6% |
| Taxes | 450/3 | €9,470 | €3,348 | -€6,122 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,385 | €3,030 | -€355 | -10.5% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | €1,986 | - | -€1,986 | |
| Gross operating margin | 9900 | €10,029 | -€5,560 | -€15,589 | |
| Operating profit (loss) | 9901 | €4,540 | -€8,710 | -€13,250 | |
| Financial charges | 65/66B | €90 | €324 | +€234 | +260% |
| Recurring financial charges | 65 | €90 | €324 | +€234 | +260% |
| Profit (loss) for the period before taxes | 9903 | €4,450 | -€9,034 | -€13,484 | |
| Income taxes | 67/77 | €1,271 | - | -€1,271 | |
| Profit (loss) for the period | 9904 | €3,179 | -€9,034 | -€12,212 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,179 | -€9,034 | -€12,212 |
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 15 October 2026 via checked.be.