STUDIO CLAERHOUT: 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 CLAERHOUT
Largest movements
- Current investments -€190,000
down €190,000 (-43.2%), from €440,000 to €250,000
- Cash +€176,107
up €176,107 (+201%), from €87,576 to €263,683
mainly Current investments (+€190,000) and Net result for the year (+€37,801)
- Tangible fixed assets -€18,672
down €18,672 (-2.5%), from €737,651 to €718,979
of which Land and buildings: -€19,541
- Trade debts -€58,222
down €58,222 (-95.0%), from €61,277 to €3,055
- Profit (loss) carried forward +€33,351
up €33,351 (+3.3%), from €1.0m to €1.1m
- Gross operating margin +€4,161
up €4,161 (+3.5%), from €117,823 to €121,984
- Staff costs +€1,842
up €1,842 (+3.2%), from €57,100 to €58,942
- Financial income -€1,753
down €1,753 (-13.4%), from €13,076 to €11,323
- Depreciation -€1,526
down €1,526 (-6.8%), from €22,389 to €20,863
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 | €1,280,710 | €1,259,134 | -€21,576 | -1.7% |
| Fixed assets | 21/28 | €737,651 | €718,979 | -€18,672 | -2.5% |
| Tangible fixed assets | 22/27 | €737,651 | €718,979 | -€18,672 | -2.5% |
| Land and buildings | 22 | €736,911 | €717,370 | -€19,541 | -2.7% |
| Plant, machinery and equipment | 23 | €740 | €1,609 | +€869 | +117% |
| Current assets | 29/58 | €543,059 | €540,155 | -€2,904 | -0.5% |
| Amounts receivable within one year | 40/41 | €13,704 | €24,045 | +€10,341 | +75.5% |
| Trade receivables | 40 | €13,704 | €23,679 | +€9,975 | +72.8% |
| Other amounts receivable | 41 | - | €366 | +€366 | |
| Current investments | 50/53 | €440,000 | €250,000 | -€190,000 | -43.2% |
| Cash at bank and in hand | 54/58 | €87,576 | €263,683 | +€176,107 | +201% |
| Deferred charges and accrued income | 490/1 | €1,779 | €2,427 | +€648 | +36.4% |
| Total equity and liabilities | 10/49 | €1,280,710 | €1,259,134 | -€21,576 | -1.7% |
| Equity | 10/15 | €1,204,933 | €1,238,284 | +€33,351 | +2.8% |
| Contributions | 10/11 | €63,300 | €63,300 | = | 0.0% |
| Capital | 10 | €63,300 | €63,300 | = | 0.0% |
| Issued capital | 100 | €63,300 | €63,300 | = | 0.0% |
| Revaluation surpluses | 12 | €55,335 | €55,335 | = | 0.0% |
| Reserves | 13 | €65,203 | €65,203 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,330 | €6,330 | = | 0.0% |
| Legal reserve | 130 | €6,330 | €6,330 | = | 0.0% |
| Tax-exempt reserves | 132 | €31 | €31 | = | 0.0% |
| Distributable reserves | 133 | €58,842 | €58,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,021,095 | €1,054,446 | +€33,351 | +3.3% |
| Amounts payable | 17/49 | €75,777 | €20,850 | -€54,927 | -72.5% |
| Amounts payable within one year | 42/48 | €74,197 | €20,850 | -€53,347 | -71.9% |
| Trade debts | 44 | €61,277 | €3,055 | -€58,222 | -95.0% |
| Suppliers | 440/4 | €61,277 | €3,055 | -€58,222 | -95.0% |
| Taxes, remuneration and social security | 45 | €12,920 | €13,345 | +€425 | +3.3% |
| Taxes | 450/3 | €7,736 | €7,975 | +€239 | +3.1% |
| Remuneration and social security | 454/9 | €5,184 | €5,370 | +€186 | +3.6% |
| Other amounts payable | 47/48 | - | €4,450 | +€4,450 | |
| Accrued charges and deferred income | 492/3 | €1,580 | - | -€1,580 | |
| Remuneration, social security and pensions | 62 | €57,100 | €58,942 | +€1,842 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,389 | €20,863 | -€1,526 | -6.8% |
| Other operating charges | 640/8 | €2,019 | €1,886 | -€133 | -6.6% |
| Gross operating margin | 9900 | €117,823 | €121,984 | +€4,161 | +3.5% |
| Operating profit (loss) | 9901 | €36,315 | €40,293 | +€3,978 | +11.0% |
| Financial income | 75/76B | €13,076 | €11,323 | -€1,753 | -13.4% |
| Recurring financial income | 75 | €13,076 | €11,323 | -€1,753 | -13.4% |
| Financial charges | 65/66B | €254 | €284 | +€30 | +11.8% |
| Recurring financial charges | 65 | €254 | €284 | +€30 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €49,137 | €51,332 | +€2,195 | +4.5% |
| Income taxes | 67/77 | €13,027 | €13,531 | +€504 | +3.9% |
| Profit (loss) for the period | 9904 | €36,110 | €37,801 | +€1,691 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,110 | €37,801 | +€1,691 | +4.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.