Studio Contekst: what changed
Two fiscal 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 Contekst
Largest movements
- Tangible fixed assets -€39,420
down €39,420 (-5.7%), from €687,671 to €648,250
of which Land and buildings: -€41,098
- Cash -€13,124
down €13,124 (-38.2%), from €34,397 to €21,273
mainly Debts after one year (-€41,173) and Trade debts (-€29,897)
- Intangible fixed assets -€12,053
down €12,053 (-16.5%), from €72,938 to €60,885
- Debts after one year -€41,173
down €41,173 (-8.5%), from €483,559 to €442,386
- Trade debts -€29,897
down €29,897 (-54.5%), from €54,816 to €24,919
- Reserves +€18,395
up €18,395 (+10.0%), from €183,816 to €202,210
- Gross operating margin -€13,175
down €13,175 (-10.9%), from €120,661 to €107,486
- Depreciation -€4,687
down €4,687 (-7.9%), from €59,517 to €54,830
- Financial charges -€2,592
down €2,592 (-10.9%), from €23,735 to €21,143
- Taxes +€2,174
up €2,174 (+38.6%), from €5,637 to €7,811
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 | €868,095 | €811,024 | -€57,071 | -6.6% |
| Fixed assets | 21/28 | €761,189 | €709,715 | -€51,474 | -6.8% |
| Intangible fixed assets | 21 | €72,938 | €60,885 | -€12,053 | -16.5% |
| Tangible fixed assets | 22/27 | €687,671 | €648,250 | -€39,420 | -5.7% |
| Land and buildings | 22 | €685,447 | €644,349 | -€41,098 | -6.0% |
| Plant, machinery and equipment | 23 | €2,224 | €2,326 | +€102 | +4.6% |
| Furniture and vehicles | 24 | - | €1,575 | +€1,575 | |
| Financial fixed assets | 28 | €580 | €580 | = | 0.0% |
| Current assets | 29/58 | €106,906 | €101,309 | -€5,597 | -5.2% |
| Amounts receivable within one year | 40/41 | €68,543 | €74,962 | +€6,419 | +9.4% |
| Trade receivables | 40 | €64,288 | €72,707 | +€8,419 | +13.1% |
| Other amounts receivable | 41 | €4,255 | €2,255 | -€1,999 | -47.0% |
| Cash at bank and in hand | 54/58 | €34,397 | €21,273 | -€13,124 | -38.2% |
| Deferred charges and accrued income | 490/1 | €3,966 | €5,074 | +€1,108 | +27.9% |
| Total equity and liabilities | 10/49 | €868,095 | €811,024 | -€57,071 | -6.6% |
| Equity | 10/15 | €186,316 | €204,710 | +€18,395 | +9.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €183,816 | €202,210 | +€18,395 | +10.0% |
| Distributable reserves | 133 | €183,816 | €202,210 | +€18,395 | +10.0% |
| Amounts payable | 17/49 | €681,779 | €606,314 | -€75,466 | -11.1% |
| Amounts payable after more than one year | 17 | €483,559 | €442,386 | -€41,173 | -8.5% |
| Financial debts | 170/4 | €483,559 | €442,386 | -€41,173 | -8.5% |
| Amounts payable within one year | 42/48 | €182,020 | €149,054 | -€32,966 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €47,067 | €41,173 | -€5,894 | -12.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €54,816 | €24,919 | -€29,897 | -54.5% |
| Suppliers | 440/4 | €54,816 | €24,919 | -€29,897 | -54.5% |
| Taxes, remuneration and social security | 45 | €5,637 | €7,949 | +€2,311 | +41.0% |
| Taxes | 450/3 | €5,637 | €7,949 | +€2,311 | +41.0% |
| Other amounts payable | 47/48 | €74,500 | €75,013 | +€513 | +0.7% |
| Accrued charges and deferred income | 492/3 | €16,200 | €14,874 | -€1,326 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,517 | €54,830 | -€4,687 | -7.9% |
| Other operating charges | 640/8 | €5,004 | €5,306 | +€302 | +6.0% |
| Gross operating margin | 9900 | €120,661 | €107,486 | -€13,175 | -10.9% |
| Operating profit (loss) | 9901 | €56,140 | €47,349 | -€8,791 | -15.7% |
| Financial income | 75/76B | €35 | €0 | -€35 | -100.0% |
| Recurring financial income | 75 | €35 | €0 | -€35 | -100.0% |
| Financial charges | 65/66B | €23,735 | €21,143 | -€2,592 | -10.9% |
| Recurring financial charges | 65 | €23,735 | €21,143 | -€2,592 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €32,440 | €26,206 | -€6,234 | -19.2% |
| Income taxes | 67/77 | €5,637 | €7,811 | +€2,174 | +38.6% |
| Profit (loss) for the period | 9904 | €26,802 | €18,395 | -€8,408 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,802 | €18,395 | -€8,408 | -31.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.