STUDIO DE BOVENKAMER: 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 DE BOVENKAMER
Largest movements
- Cash -€15,480
down €15,480 (-53.0%), from €29,221 to €13,740
mainly Receivables within one year (-€7,520) and Tax, wage and social debts (-€7,453)
- Receivables within one year +€7,520
up €7,520 (+2,725%), from €276 to €7,796
of which Trade receivables: +€5,137
- Current investments -€2,796
down €2,796 (-57.1%), from €4,900 to €2,104
- Deferred charges and accrued income +€2,269
up €2,269 (+594%), from €382 to €2,651
- Tangible fixed assets -€1,890
down €1,890 (-12.4%), from €15,191 to €13,301
of which Furniture and vehicles: -€1,403
- Tax, wage and social debts -€7,453
down €7,453 (-68.8%), from €10,836 to €3,383
- Other debts -€4,278
down €4,278 (-33.8%), from €12,658 to €8,379
- Trade debts +€2,307
up €2,307 (+799%), from €289 to €2,595
- Profit (loss) carried forward -€864
down €864 (-3.7%), from €23,600 to €22,736
- Gross operating margin -€18,258
down €18,258 (-91.7%), from €19,911 to €1,652
- Taxes -€4,026
down €4,026 (-86.7%), from €4,645 to €619
- Other operating charges -€1,219
down €1,219 (-89.4%), from €1,363 to €144
- Financial charges -€993
down €993 (-84.7%), from €1,172 to €179
- Depreciation -€483
down €483 (-20.4%), from €2,373 to €1,890
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 | €50,470 | €40,093 | -€10,376 | -20.6% |
| Fixed assets | 21/28 | €15,691 | €13,801 | -€1,890 | -12.0% |
| Tangible fixed assets | 22/27 | €15,191 | €13,301 | -€1,890 | -12.4% |
| Land and buildings | 22 | €11,810 | €10,938 | -€871 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | €385 | +€385 | |
| Furniture and vehicles | 24 | €3,382 | €1,978 | -€1,403 | -41.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €34,779 | €26,292 | -€8,487 | -24.4% |
| Amounts receivable within one year | 40/41 | €276 | €7,796 | +€7,520 | +2,725% |
| Trade receivables | 40 | €276 | €5,413 | +€5,137 | +1,861% |
| Other amounts receivable | 41 | - | €2,383 | +€2,383 | |
| Current investments | 50/53 | €4,900 | €2,104 | -€2,796 | -57.1% |
| Cash at bank and in hand | 54/58 | €29,221 | €13,740 | -€15,480 | -53.0% |
| Deferred charges and accrued income | 490/1 | €382 | €2,651 | +€2,269 | +594% |
| Total equity and liabilities | 10/49 | €50,470 | €40,093 | -€10,376 | -20.6% |
| Equity | 10/15 | €26,600 | €25,736 | -€864 | -3.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,600 | €22,736 | -€864 | -3.7% |
| Amounts payable | 17/49 | €23,870 | €14,358 | -€9,512 | -39.9% |
| Amounts payable within one year | 42/48 | €23,870 | €14,358 | -€9,512 | -39.9% |
| Financial debts | 43 | €88 | - | -€88 | |
| Credit institutions | 430/8 | €88 | - | -€88 | |
| Trade debts | 44 | €289 | €2,595 | +€2,307 | +799% |
| Suppliers | 440/4 | €289 | €2,595 | +€2,307 | +799% |
| Taxes, remuneration and social security | 45 | €10,836 | €3,383 | -€7,453 | -68.8% |
| Taxes | 450/3 | €10,836 | €3,383 | -€7,453 | -68.8% |
| Other amounts payable | 47/48 | €12,658 | €8,379 | -€4,278 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,373 | €1,890 | -€483 | -20.4% |
| Other operating charges | 640/8 | €1,363 | €144 | -€1,219 | -89.4% |
| Gross operating margin | 9900 | €19,911 | €1,652 | -€18,258 | -91.7% |
| Operating profit (loss) | 9901 | €16,175 | -€382 | -€16,557 | |
| Financial income | 75/76B | €583 | €316 | -€267 | -45.8% |
| Recurring financial income | 75 | €583 | €316 | -€267 | -45.8% |
| Financial charges | 65/66B | €1,172 | €179 | -€993 | -84.7% |
| Recurring financial charges | 65 | €1,172 | €179 | -€993 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €15,586 | -€245 | -€15,831 | |
| Income taxes | 67/77 | €4,645 | €619 | -€4,026 | -86.7% |
| Profit (loss) for the period | 9904 | €10,940 | -€864 | -€11,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,940 | -€864 | -€11,804 |
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 27 October 2026 via checked.be.