Studio Coordination: 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 Coordination
Largest movements
- Receivables within one year +€99,490
up €99,490 (+38.7%), from €257,316 to €356,806
of which Trade receivables: +€102,490
- Cash -€28,319
down €28,319 (-86.1%), from €32,906 to €4,587
mainly Receivables within one year (-€99,490) and Current portion of long-term debt (-€19,477)
- Tangible fixed assets -€10,431
down €10,431 (-38.8%), from €26,918 to €16,487
of which Furniture and vehicles: -€6,968
- Tax, wage and social debts +€43,279
up €43,279 (+18.2%), from €237,819 to €281,098
of which Remuneration and social security: +€36,938
- Short-term financial debts +€40,390
up €40,390 (+97.3%), from €41,500 to €81,890
- Current portion of long-term debt -€19,477
down €19,477 (-90.3%), from €21,579 to €2,102
- Trade debts +€5,911
up €5,911 (+21.3%), from €27,747 to €33,658
- Profit (loss) carried forward -€4,447
down €4,447 (-20.8%), from -€21,366 to -€25,813
- Gross operating margin +€207,429
up €207,429 (+22.0%), from €941,379 to €1.1m
- Staff costs +€190,805
up €190,805 (+21.2%), from €898,799 to €1.1m
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 | €332,863 | €393,485 | +€60,622 | +18.2% |
| Fixed assets | 21/28 | €27,918 | €17,487 | -€10,431 | -37.4% |
| Tangible fixed assets | 22/27 | €26,918 | €16,487 | -€10,431 | -38.8% |
| Furniture and vehicles | 24 | €18,019 | €11,051 | -€6,968 | -38.7% |
| Leasing and similar rights | 25 | €8,899 | €5,436 | -€3,463 | -38.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €304,945 | €375,998 | +€71,053 | +23.3% |
| Amounts receivable within one year | 40/41 | €257,316 | €356,806 | +€99,490 | +38.7% |
| Trade receivables | 40 | €112,316 | €214,806 | +€102,490 | +91.3% |
| Other amounts receivable | 41 | €145,000 | €142,000 | -€3,000 | -2.1% |
| Cash at bank and in hand | 54/58 | €32,906 | €4,587 | -€28,319 | -86.1% |
| Deferred charges and accrued income | 490/1 | €14,723 | €14,605 | -€118 | -0.8% |
| Total equity and liabilities | 10/49 | €332,863 | €393,485 | +€60,622 | +18.2% |
| Equity | 10/15 | -€1,366 | -€5,813 | -€4,447 | -325.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,366 | -€25,813 | -€4,447 | -20.8% |
| Amounts payable | 17/49 | €334,229 | €399,298 | +€65,069 | +19.5% |
| Amounts payable after more than one year | 17 | €3,380 | €59 | -€3,321 | -98.2% |
| Financial debts | 170/4 | €3,380 | €59 | -€3,321 | -98.2% |
| Amounts payable within one year | 42/48 | €328,645 | €398,747 | +€70,102 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €21,579 | €2,102 | -€19,477 | -90.3% |
| Financial debts | 43 | €41,500 | €81,890 | +€40,390 | +97.3% |
| Credit institutions | 430/8 | €41,500 | €81,890 | +€40,390 | +97.3% |
| Trade debts | 44 | €27,747 | €33,658 | +€5,911 | +21.3% |
| Suppliers | 440/4 | €27,747 | €33,658 | +€5,911 | +21.3% |
| Taxes, remuneration and social security | 45 | €237,819 | €281,098 | +€43,279 | +18.2% |
| Taxes | 450/3 | €123,203 | €129,543 | +€6,341 | +5.1% |
| Remuneration and social security | 454/9 | €114,616 | €151,554 | +€36,938 | +32.2% |
| Accrued charges and deferred income | 492/3 | €2,204 | €491 | -€1,712 | -77.7% |
| Remuneration, social security and pensions | 62 | €898,799 | €1,089,604 | +€190,805 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,686 | €10,431 | +€1,745 | +20.1% |
| Other operating charges | 640/8 | €3,680 | €7,293 | +€3,613 | +98.2% |
| Gross operating margin | 9900 | €941,379 | €1,148,808 | +€207,429 | +22.0% |
| Operating profit (loss) | 9901 | €30,215 | €41,480 | +€11,265 | +37.3% |
| Financial charges | 65/66B | €22,225 | €27,767 | +€5,542 | +24.9% |
| Recurring financial charges | 65 | €22,225 | €27,767 | +€5,542 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €7,990 | €13,713 | +€5,723 | +71.6% |
| Income taxes | 67/77 | €7,272 | €18,160 | +€10,888 | +149.7% |
| Profit (loss) for the period | 9904 | €718 | -€4,447 | -€5,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €718 | -€4,447 | -€5,165 |
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 8 October 2026 via checked.be.