Studio Copain: 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 Copain
Largest movements
- Receivables after one year -€195,000
no longer reported in 2025 (was €195,000)
- Receivables within one year +€161,096
up €161,096 (+79.4%), from €202,807 to €363,903
of which Trade receivables: +€163,853
- Tangible fixed assets -€62,729
down €62,729 (-41.3%), from €151,913 to €89,183
of which Furniture and vehicles: -€59,656
- Cash +€49,917
up €49,917 (+24.7%), from €201,877 to €251,794
mainly Net result for the year (+€200,176) and Receivables after one year (+€195,000)
- Tax, wage and social debts +€94,866
up €94,866 (+78.5%), from €120,778 to €215,644
of which Taxes: +€102,144
- Trade debts -€53,723
down €53,723 (-32.8%), from €163,906 to €110,183
- Debts after one year -€44,714
down €44,714 (-48.6%), from €92,081 to €47,367
- Reserves -€29,824
down €29,824 (-6.2%), from €478,886 to €449,062
- Staff costs +€50,274
up €50,274 (+13.3%), from €377,004 to €427,278
- Gross operating margin +€48,054
up €48,054 (+6.9%), from €694,474 to €742,528
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 | €893,550 | €842,698 | -€50,852 | -5.7% |
| Fixed assets | 21/28 | €151,913 | €89,183 | -€62,729 | -41.3% |
| Tangible fixed assets | 22/27 | €151,913 | €89,183 | -€62,729 | -41.3% |
| Plant, machinery and equipment | 23 | €20,085 | €17,012 | -€3,073 | -15.3% |
| Furniture and vehicles | 24 | €131,827 | €72,171 | -€59,656 | -45.3% |
| Current assets | 29/58 | €741,637 | €753,515 | +€11,877 | +1.6% |
| Amounts receivable after more than one year | 29 | €195,000 | - | -€195,000 | |
| Other amounts receivable | 291 | €195,000 | - | -€195,000 | |
| Amounts receivable within one year | 40/41 | €202,807 | €363,903 | +€161,096 | +79.4% |
| Trade receivables | 40 | €181,518 | €345,372 | +€163,853 | +90.3% |
| Other amounts receivable | 41 | €21,289 | €18,531 | -€2,757 | -13.0% |
| Current investments | 50/53 | €128,300 | €128,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €201,877 | €251,794 | +€49,917 | +24.7% |
| Deferred charges and accrued income | 490/1 | €13,654 | €9,517 | -€4,136 | -30.3% |
| Total equity and liabilities | 10/49 | €893,550 | €842,698 | -€50,852 | -5.7% |
| Equity | 10/15 | €481,386 | €451,562 | -€29,824 | -6.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €478,886 | €449,062 | -€29,824 | -6.2% |
| Distributable reserves | 133 | €478,886 | €449,062 | -€29,824 | -6.2% |
| Amounts payable | 17/49 | €412,164 | €391,136 | -€21,028 | -5.1% |
| Amounts payable after more than one year | 17 | €92,081 | €47,367 | -€44,714 | -48.6% |
| Financial debts | 170/4 | €92,081 | €47,367 | -€44,714 | -48.6% |
| Amounts payable within one year | 42/48 | €313,649 | €343,588 | +€29,938 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €25,487 | €17,179 | -€8,307 | -32.6% |
| Trade debts | 44 | €163,906 | €110,183 | -€53,723 | -32.8% |
| Suppliers | 440/4 | €163,906 | €110,183 | -€53,723 | -32.8% |
| Advances received on contracts in progress | 46 | - | €581 | +€581 | |
| Taxes, remuneration and social security | 45 | €120,778 | €215,644 | +€94,866 | +78.5% |
| Taxes | 450/3 | €76,684 | €178,828 | +€102,144 | +133.2% |
| Remuneration and social security | 454/9 | €44,094 | €36,816 | -€7,278 | -16.5% |
| Other amounts payable | 47/48 | €3,478 | - | -€3,478 | |
| Accrued charges and deferred income | 492/3 | €6,433 | €181 | -€6,252 | -97.2% |
| Remuneration, social security and pensions | 62 | €377,004 | €427,278 | +€50,274 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,768 | €28,649 | +€2,880 | +11.2% |
| Other operating charges | 640/8 | €2,366 | €2,128 | -€238 | -10.1% |
| Non-recurring operating charges | 66A | - | €11,471 | +€11,471 | |
| Gross operating margin | 9900 | €694,474 | €742,528 | +€48,054 | +6.9% |
| Operating profit (loss) | 9901 | €289,335 | €273,002 | -€16,333 | -5.6% |
| Financial income | 75/76B | €4,039 | €2,507 | -€1,532 | -37.9% |
| Recurring financial income | 75 | €4,039 | €2,507 | -€1,532 | -37.9% |
| Financial charges | 65/66B | €5,273 | €4,226 | -€1,047 | -19.9% |
| Recurring financial charges | 65 | €5,273 | €4,226 | -€1,047 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €288,102 | €271,284 | -€16,818 | -5.8% |
| Income taxes | 67/77 | €76,765 | €71,108 | -€5,658 | -7.4% |
| Profit (loss) for the period | 9904 | €211,336 | €200,176 | -€11,161 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €211,336 | €200,176 | -€11,161 | -5.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.