Studio CL: 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 CL
Largest movements
- Receivables within one year -€83,727
down €83,727 (-57.8%), from €144,924 to €61,197
of which Trade receivables: -€81,315
- Cash +€29,106
up €29,106 (+32.9%), from €88,527 to €117,633
mainly Receivables within one year (+€83,727) and Stocks and contracts (+€26,047)
- Stocks and contracts -€26,047
down €26,047 (-34.7%), from €74,985 to €48,938
- Deferred charges and accrued income -€6,642
down €6,642 (-54.7%), from €12,139 to €5,497
- Short-term financial debts -€75,068
down €75,068 (-75.0%), from €100,068 to €25,000
- Trade debts -€32,114
down €32,114 (-26.2%), from €122,761 to €90,647
- Tax, wage and social debts +€7,844
up €7,844 (+17.8%), from €44,192 to €52,037
of which Taxes: +€12,869
- Accrued charges and deferred income +€6,643
up €6,643 (+2,036%), from €326 to €6,969
- Reserves +€5,231
up €5,231 (+12.2%), from €42,713 to €47,943
of which Distributable reserves: +€5,231
- Staff costs -€21,422
down €21,422 (-56.8%), from €37,700 to €16,278
- Gross operating margin -€15,050
down €15,050 (-23.0%), from €65,367 to €50,316
- Taxes +€2,100
up €2,100 (+1,347%), from €156 to €2,255
- Financial charges -€1,880
down €1,880 (-12.4%), from €15,208 to €13,328
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 | €345,953 | €257,625 | -€88,329 | -25.5% |
| Fixed assets | 21/28 | €25,379 | €24,360 | -€1,019 | -4.0% |
| Intangible fixed assets | 21 | €4,425 | €3,864 | -€561 | -12.7% |
| Tangible fixed assets | 22/27 | €20,954 | €20,496 | -€458 | -2.2% |
| Plant, machinery and equipment | 23 | €18,808 | €19,532 | +€724 | +3.8% |
| Furniture and vehicles | 24 | €2,146 | €964 | -€1,182 | -55.1% |
| Current assets | 29/58 | €320,574 | €233,264 | -€87,310 | -27.2% |
| Stocks and contracts in progress | 3 | €74,985 | €48,938 | -€26,047 | -34.7% |
| Stocks | 30/36 | €74,985 | €48,938 | -€26,047 | -34.7% |
| Amounts receivable within one year | 40/41 | €144,924 | €61,197 | -€83,727 | -57.8% |
| Trade receivables | 40 | €140,239 | €58,925 | -€81,315 | -58.0% |
| Other amounts receivable | 41 | €4,684 | €2,272 | -€2,412 | -51.5% |
| Cash at bank and in hand | 54/58 | €88,527 | €117,633 | +€29,106 | +32.9% |
| Deferred charges and accrued income | 490/1 | €12,139 | €5,497 | -€6,642 | -54.7% |
| Total equity and liabilities | 10/49 | €345,953 | €257,625 | -€88,329 | -25.5% |
| Equity | 10/15 | €73,913 | €79,143 | +€5,231 | +7.1% |
| Contributions | 10/11 | €31,200 | €31,200 | = | 0.0% |
| Reserves | 13 | €42,713 | €47,943 | +€5,231 | +12.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,400 | €4,400 | = | 0.0% |
| Distributable reserves | 133 | €38,313 | €43,543 | +€5,231 | +13.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €272,041 | €178,481 | -€93,559 | -34.4% |
| Amounts payable within one year | 42/48 | €271,714 | €171,512 | -€100,202 | -36.9% |
| Financial debts | 43 | €100,068 | €25,000 | -€75,068 | -75.0% |
| Credit institutions | 430/8 | €100,068 | €25,000 | -€75,068 | -75.0% |
| Trade debts | 44 | €122,761 | €90,647 | -€32,114 | -26.2% |
| Suppliers | 440/4 | €122,761 | €90,647 | -€32,114 | -26.2% |
| Taxes, remuneration and social security | 45 | €44,192 | €52,037 | +€7,844 | +17.8% |
| Taxes | 450/3 | €36,668 | €49,537 | +€12,869 | +35.1% |
| Remuneration and social security | 454/9 | €7,524 | €2,500 | -€5,024 | -66.8% |
| Other amounts payable | 47/48 | €4,694 | €3,828 | -€865 | -18.4% |
| Accrued charges and deferred income | 492/3 | €326 | €6,969 | +€6,643 | +2,036% |
| Remuneration, social security and pensions | 62 | €37,700 | €16,278 | -€21,422 | -56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,280 | €11,700 | +€419 | +3.7% |
| Other operating charges | 640/8 | €1,323 | €892 | -€431 | -32.6% |
| Gross operating margin | 9900 | €65,367 | €50,316 | -€15,050 | -23.0% |
| Operating profit (loss) | 9901 | €15,063 | €21,446 | +€6,383 | +42.4% |
| Financial income | 75/76B | €580 | €227 | -€354 | -60.9% |
| Recurring financial income | 75 | €580 | €227 | -€354 | -60.9% |
| Financial charges | 65/66B | €15,208 | €13,328 | -€1,880 | -12.4% |
| Recurring financial charges | 65 | €15,208 | €13,328 | -€1,880 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €435 | €8,345 | +€7,910 | +1,817% |
| Income taxes | 67/77 | €156 | €2,255 | +€2,100 | +1,347% |
| Profit (loss) for the period | 9904 | €280 | €6,090 | +€5,810 | +2,079% |
| Profit (loss) for the period to be appropriated | 9905 | €280 | €6,090 | +€5,810 | +2,079% |
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 22 October 2026 via checked.be.