Studio Collect: 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 Collect
Largest movements
- Receivables within one year -€30,731
down €30,731 (-99.1%), from €31,021 to €290
of which Trade receivables: -€29,416
- Stocks and contracts +€22,175
up €22,175 (+18.3%), from €121,192 to €143,367
- Cash -€9,579
down €9,579 (-51.1%), from €18,734 to €9,155
mainly Stocks and contracts (-€22,175) and Trade debts (-€17,039)
- Tangible fixed assets -€5,629
down €5,629 (-17.6%), from €31,999 to €26,369
of which Other tangible fixed assets: -€4,578
- Trade debts -€17,039
down €17,039 (-54.6%), from €31,206 to €14,167
- Debts after one year -€9,255
down €9,255 (-28.4%), from €32,646 to €23,391
- Short-term financial debts +€2,289
new in 2025: €2,289
- Staff costs +€9,237
up €9,237 (+19.1%), from €48,489 to €57,726
- Other operating charges -€2,339
down €2,339 (-64.9%), from €3,604 to €1,264
- Gross operating margin +€1,795
up €1,795 (+2.4%), from €73,536 to €75,330
- Depreciation -€1,777
down €1,777 (-19.9%), from €8,934 to €7,157
- Financial income +€787
up €787, from €0 to €787
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 | €220,211 | €196,395 | -€23,816 | -10.8% |
| Fixed assets | 21/28 | €47,824 | €41,468 | -€6,357 | -13.3% |
| Intangible fixed assets | 21 | €3,726 | €2,998 | -€727 | -19.5% |
| Tangible fixed assets | 22/27 | €31,999 | €26,369 | -€5,629 | -17.6% |
| Plant, machinery and equipment | 23 | €1,744 | €693 | -€1,052 | -60.3% |
| Other tangible fixed assets | 26 | €30,255 | €25,677 | -€4,578 | -15.1% |
| Financial fixed assets | 28 | €12,100 | €12,100 | = | 0.0% |
| Current assets | 29/58 | €172,387 | €154,928 | -€17,459 | -10.1% |
| Stocks and contracts in progress | 3 | €121,192 | €143,367 | +€22,175 | +18.3% |
| Stocks | 30/36 | €121,192 | €143,367 | +€22,175 | +18.3% |
| Amounts receivable within one year | 40/41 | €31,021 | €290 | -€30,731 | -99.1% |
| Trade receivables | 40 | €29,416 | €0 | -€29,416 | -100% |
| Other amounts receivable | 41 | €1,606 | €290 | -€1,315 | -81.9% |
| Cash at bank and in hand | 54/58 | €18,734 | €9,155 | -€9,579 | -51.1% |
| Deferred charges and accrued income | 490/1 | €1,440 | €2,116 | +€676 | +46.9% |
| Total equity and liabilities | 10/49 | €220,211 | €196,395 | -€23,816 | -10.8% |
| Equity | 10/15 | €76,489 | €76,496 | +€8 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,889 | €57,896 | +€8 | 0.0% |
| Distributable reserves | 133 | €57,889 | €57,896 | +€8 | 0.0% |
| Amounts payable | 17/49 | €143,723 | €119,899 | -€23,824 | -16.6% |
| Amounts payable after more than one year | 17 | €32,646 | €23,391 | -€9,255 | -28.4% |
| Financial debts | 170/4 | €32,646 | €23,391 | -€9,255 | -28.4% |
| Amounts payable within one year | 42/48 | €110,223 | €96,180 | -€14,043 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €10,320 | €9,255 | -€1,065 | -10.3% |
| Financial debts | 43 | - | €2,289 | +€2,289 | |
| Credit institutions | 430/8 | - | €2,289 | +€2,289 | |
| Trade debts | 44 | €31,206 | €14,167 | -€17,039 | -54.6% |
| Suppliers | 440/4 | €31,206 | €14,167 | -€17,039 | -54.6% |
| Advances received on contracts in progress | 46 | €12,768 | €14,852 | +€2,084 | +16.3% |
| Taxes, remuneration and social security | 45 | €27,903 | €26,213 | -€1,690 | -6.1% |
| Taxes | 450/3 | €12,148 | €5,760 | -€6,388 | -52.6% |
| Remuneration and social security | 454/9 | €15,755 | €20,453 | +€4,698 | +29.8% |
| Other amounts payable | 47/48 | €28,026 | €29,404 | +€1,378 | +4.9% |
| Accrued charges and deferred income | 492/3 | €854 | €329 | -€525 | -61.5% |
| Remuneration, social security and pensions | 62 | €48,489 | €57,726 | +€9,237 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,934 | €7,157 | -€1,777 | -19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,604 | €1,264 | -€2,339 | -64.9% |
| Gross operating margin | 9900 | €73,536 | €75,330 | +€1,795 | +2.4% |
| Operating profit (loss) | 9901 | €12,509 | €9,184 | -€3,326 | -26.6% |
| Financial income | 75/76B | €0 | €787 | +€787 | |
| Recurring financial income | 75 | €0 | €787 | +€787 | |
| Financial charges | 65/66B | €7,842 | €8,017 | +€175 | +2.2% |
| Recurring financial charges | 65 | €7,842 | €8,017 | +€175 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €4,667 | €1,954 | -€2,713 | -58.1% |
| Income taxes | 67/77 | €2,389 | €1,946 | -€443 | -18.5% |
| Profit (loss) for the period | 9904 | €2,278 | €8 | -€2,270 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,278 | €8 | -€2,270 | -99.7% |
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 15 October 2026 via checked.be.