Studio D'hondt: 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 D'hondt
Largest movements
- Receivables within one year +€13,939
up €13,939 (+33.9%), from €41,169 to €55,108
of which Trade receivables: +€11,889
- Other debts +€8,571
new in 2025: €8,571
- Profit (loss) carried forward +€6,929
up €6,929, from -€6,929 to €0
- Gross operating margin +€9,403
up €9,403 (+58.4%), from €16,114 to €25,517
- Taxes +€3,411
up €3,411 (+70.0%), from €4,875 to €8,286
- Financial charges -€947
down €947 (-75.0%), from €1,263 to €315
- Other operating charges -€721
down €721 (-43.3%), from €1,667 to €946
- Depreciation -€505
down €505 (-47.4%), from €1,065 to €560
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 | €53,957 | €68,161 | +€14,205 | +26.3% |
| Fixed assets | 21/28 | €2,267 | €1,975 | -€293 | -12.9% |
| Tangible fixed assets | 22/27 | €2,267 | €1,975 | -€293 | -12.9% |
| Furniture and vehicles | 24 | €2,267 | €1,975 | -€293 | -12.9% |
| Current assets | 29/58 | €51,689 | €66,187 | +€14,497 | +28.0% |
| Amounts receivable within one year | 40/41 | €41,169 | €55,108 | +€13,939 | +33.9% |
| Trade receivables | 40 | €23,094 | €34,983 | +€11,889 | +51.5% |
| Other amounts receivable | 41 | €18,075 | €20,126 | +€2,050 | +11.3% |
| Cash at bank and in hand | 54/58 | €9,581 | €10,085 | +€503 | +5.3% |
| Deferred charges and accrued income | 490/1 | €939 | €994 | +€55 | +5.9% |
| Total equity and liabilities | 10/49 | €53,957 | €68,161 | +€14,205 | +26.3% |
| Equity | 10/15 | €37,067 | €43,678 | +€6,612 | +17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,595 | €31,278 | -€317 | -1.0% |
| Distributable reserves | 133 | €31,595 | €31,278 | -€317 | -1.0% |
| Profit (loss) carried forward | 14 | -€6,929 | €0 | +€6,929 | |
| Amounts payable | 17/49 | €16,890 | €24,483 | +€7,593 | +45.0% |
| Amounts payable within one year | 42/48 | €16,890 | €24,483 | +€7,593 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,784 | €7,327 | -€458 | -5.9% |
| Suppliers | 440/4 | €7,784 | €7,327 | -€458 | -5.9% |
| Taxes, remuneration and social security | 45 | €9,106 | €8,585 | -€521 | -5.7% |
| Taxes | 450/3 | €9,106 | €8,585 | -€521 | -5.7% |
| Other amounts payable | 47/48 | - | €8,571 | +€8,571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,065 | €560 | -€505 | -47.4% |
| Other operating charges | 640/8 | €1,667 | €946 | -€721 | -43.3% |
| Non-recurring operating charges | 66A | - | €889 | +€889 | |
| Gross operating margin | 9900 | €16,114 | €25,517 | +€9,403 | +58.4% |
| Operating profit (loss) | 9901 | €13,382 | €23,122 | +€9,740 | +72.8% |
| Financial income | 75/76B | €653 | €663 | +€9 | +1.4% |
| Recurring financial income | 75 | €653 | €663 | +€9 | +1.4% |
| Financial charges | 65/66B | €1,263 | €315 | -€947 | -75.0% |
| Recurring financial charges | 65 | €1,263 | €315 | -€947 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €12,773 | €23,469 | +€10,696 | +83.7% |
| Income taxes | 67/77 | €4,875 | €8,286 | +€3,411 | +70.0% |
| Profit (loss) for the period | 9904 | €7,898 | €15,183 | +€7,286 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,898 | €15,183 | +€7,286 | +92.2% |
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 26 October 2026 via checked.be.