STUDIO BWANA KITOKO: 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 BWANA KITOKO
Largest movements
- Cash +€8,606
up €8,606 (+7.9%), from €108,773 to €117,379
mainly Receivables within one year (+€8,334) and Net result for the year (+€4,703)
- Receivables within one year -€8,334
down €8,334 (-46.1%), from €18,066 to €9,732
of which Trade receivables: -€4,436
- Tangible fixed assets +€4,446
up €4,446 (+112%), from €3,962 to €8,408
of which Land and buildings: +€2,815
- Current investments +€1,661
up €1,661 (+9.2%), from €18,099 to €19,760
- Reserves +€4,703
up €4,703 (+5.3%), from €89,286 to €93,989
of which Distributable reserves: +€4,703
- Short-term financial debts +€2,199
new in 2025: €2,199
- Gross operating margin -€8,894
down €8,894 (-38.9%), from €22,874 to €13,981
- Taxes -€2,075
down €2,075 (-31.0%), from €6,689 to €4,615
- Other operating charges -€1,233
down €1,233 (-41.0%), from €3,007 to €1,773
- Depreciation +€334
up €334 (+34.1%), from €980 to €1,314
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 | €152,898 | €157,803 | +€4,904 | +3.2% |
| Fixed assets | 21/28 | €3,962 | €8,408 | +€4,446 | +112% |
| Tangible fixed assets | 22/27 | €3,962 | €8,408 | +€4,446 | +112% |
| Land and buildings | 22 | €1,912 | €4,727 | +€2,815 | +147% |
| Furniture and vehicles | 24 | €2,050 | €3,680 | +€1,631 | +79.6% |
| Current assets | 29/58 | €148,936 | €149,395 | +€458 | +0.3% |
| Amounts receivable within one year | 40/41 | €18,066 | €9,732 | -€8,334 | -46.1% |
| Trade receivables | 40 | €14,168 | €9,732 | -€4,436 | -31.3% |
| Other amounts receivable | 41 | €3,898 | €0 | -€3,898 | -100% |
| Current investments | 50/53 | €18,099 | €19,760 | +€1,661 | +9.2% |
| Cash at bank and in hand | 54/58 | €108,773 | €117,379 | +€8,606 | +7.9% |
| Deferred charges and accrued income | 490/1 | €3,998 | €2,524 | -€1,474 | -36.9% |
| Total equity and liabilities | 10/49 | €152,898 | €157,803 | +€4,904 | +3.2% |
| Equity | 10/15 | €95,486 | €100,189 | +€4,703 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,286 | €93,989 | +€4,703 | +5.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €89,286 | €93,989 | +€4,703 | +5.3% |
| Amounts payable | 17/49 | €57,412 | €57,613 | +€201 | +0.3% |
| Amounts payable within one year | 42/48 | €56,073 | €57,613 | +€1,540 | +2.7% |
| Financial debts | 43 | - | €2,199 | +€2,199 | |
| Credit institutions | 430/8 | - | €2,199 | +€2,199 | |
| Trade debts | 44 | €3,527 | €1,978 | -€1,549 | -43.9% |
| Suppliers | 440/4 | €3,527 | €1,978 | -€1,549 | -43.9% |
| Taxes, remuneration and social security | 45 | €9,606 | €9,669 | +€63 | +0.7% |
| Taxes | 450/3 | €9,606 | €9,669 | +€63 | +0.7% |
| Other amounts payable | 47/48 | €42,939 | €43,767 | +€827 | +1.9% |
| Accrued charges and deferred income | 492/3 | €1,339 | €0 | -€1,339 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €980 | €1,314 | +€334 | +34.1% |
| Other operating charges | 640/8 | €3,007 | €1,773 | -€1,233 | -41.0% |
| Gross operating margin | 9900 | €22,874 | €13,981 | -€8,894 | -38.9% |
| Operating profit (loss) | 9901 | €18,887 | €10,893 | -€7,994 | -42.3% |
| Financial income | 75/76B | €301 | €348 | +€47 | +15.8% |
| Recurring financial income | 75 | €301 | €348 | +€47 | +15.8% |
| Financial charges | 65/66B | €2,072 | €1,923 | -€149 | -7.2% |
| Recurring financial charges | 65 | €2,072 | €1,923 | -€149 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €17,115 | €9,318 | -€7,797 | -45.6% |
| Income taxes | 67/77 | €6,689 | €4,615 | -€2,075 | -31.0% |
| Profit (loss) for the period | 9904 | €10,426 | €4,703 | -€5,723 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,426 | €4,703 | -€5,723 | -54.9% |
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 19 October 2026 via checked.be.