STUDIO C: 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 C
Largest movements
- Current investments -€360,000
no longer reported in 2025 (was €360,000)
- Cash +€307,709
up €307,709 (+2254.9%), from €13,646 to €321,355
mainly Current investments (+€360,000) and Net result for the year (+€47,675)
- Receivables within one year +€96,167
up €96,167 (+2356.7%), from €4,081 to €100,247
- Other debts +€25,312
new in 2025: €25,312
- Reserves +€21,670
up €21,670 (+11.5%), from €188,345 to €210,015
of which Distributable reserves: +€21,670
- Provisions -€5,770
down €5,770 (-13.1%), from €44,000 to €38,230
- Provisions -€5,770
new in 2025: -€5,770
- Financial income +€5,060
up €5,060 (+66.1%), from €7,652 to €12,712
- Taxes +€4,091
up €4,091 (+22.5%), from €18,157 to €22,248
- Depreciation -€1,365
no longer reported in 2025 (was €1,365)
- Financial charges +€873
up €873 (+2956.5%), from €30 to €902
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 | €417,481 | €461,157 | +€43,676 | +10.5% |
| Fixed assets | 21/28 | €37,298 | €37,298 | = | 0.0% |
| Tangible fixed assets | 22/27 | €37,298 | €37,298 | = | 0.0% |
| Land and buildings | 22 | €37,298 | €37,298 | = | 0.0% |
| Current assets | 29/58 | €380,183 | €423,859 | +€43,676 | +11.5% |
| Amounts receivable within one year | 40/41 | €4,081 | €100,247 | +€96,167 | +2356.7% |
| Other amounts receivable | 41 | €4,081 | €100,247 | +€96,167 | +2356.7% |
| Current investments | 50/53 | €360,000 | - | -€360,000 | |
| Cash at bank and in hand | 54/58 | €13,646 | €321,355 | +€307,709 | +2254.9% |
| Deferred charges and accrued income | 490/1 | €2,456 | €2,257 | -€199 | -8.1% |
| Total equity and liabilities | 10/49 | €417,481 | €461,157 | +€43,676 | +10.5% |
| Equity | 10/15 | €358,806 | €380,481 | +€21,675 | +6.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €188,345 | €210,015 | +€21,670 | +11.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €182,145 | €203,815 | +€21,670 | +11.9% |
| Profit (loss) carried forward | 14 | €108,461 | €108,466 | +€5 | 0.0% |
| Provisions and deferred taxes | 16 | €44,000 | €38,230 | -€5,770 | -13.1% |
| Provisions for liabilities and charges | 160/5 | €44,000 | €38,230 | -€5,770 | -13.1% |
| Major repairs and maintenance | 162 | €44,000 | €38,230 | -€5,770 | -13.1% |
| Amounts payable | 17/49 | €14,675 | €42,446 | +€27,770 | +189.2% |
| Amounts payable within one year | 42/48 | €5,263 | €32,672 | +€27,409 | +520.8% |
| Trade debts | 44 | €2,548 | €2,657 | +€109 | +4.3% |
| Suppliers | 440/4 | €2,548 | €2,657 | +€109 | +4.3% |
| Taxes, remuneration and social security | 45 | €2,714 | €4,703 | +€1,988 | +73.3% |
| Taxes | 450/3 | €2,714 | €4,703 | +€1,988 | +73.3% |
| Other amounts payable | 47/48 | - | €25,312 | +€25,312 | |
| Accrued charges and deferred income | 492/3 | €9,412 | €9,773 | +€361 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,365 | - | -€1,365 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€5,770 | -€5,770 | |
| Other operating charges | 640/8 | €8,015 | €7,188 | -€827 | -10.3% |
| Gross operating margin | 9900 | €58,826 | €59,532 | +€706 | +1.2% |
| Operating profit (loss) | 9901 | €49,446 | €58,114 | +€8,668 | +17.5% |
| Financial income | 75/76B | €7,652 | €12,712 | +€5,060 | +66.1% |
| Recurring financial income | 75 | €7,652 | €12,712 | +€5,060 | +66.1% |
| Financial charges | 65/66B | €30 | €902 | +€873 | +2956.5% |
| Recurring financial charges | 65 | €30 | €902 | +€873 | +2956.5% |
| Profit (loss) for the period before taxes | 9903 | €57,068 | €69,923 | +€12,855 | +22.5% |
| Income taxes | 67/77 | €18,157 | €22,248 | +€4,091 | +22.5% |
| Profit (loss) for the period | 9904 | €38,911 | €47,675 | +€8,764 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,911 | €47,675 | +€8,764 | +22.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.