STUDIO DEMPSEY: 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 DEMPSEY
Largest movements
- Cash +€113,872
up €113,872 (+142%), from €80,297 to €194,169
mainly Net result for the year (+€89,713) and Tax, wage and social debts (+€27,687)
- Tangible fixed assets -€8,586
down €8,586 (-16.8%), from €51,141 to €42,555
of which Furniture and vehicles: -€10,434
- Receivables within one year +€5,541
up €5,541 (+36.6%), from €15,118 to €20,659
- Reserves +€88,880
up €88,880 (+129%), from €68,940 to €157,820
- Tax, wage and social debts +€27,687
up €27,687 (+112%), from €24,807 to €52,494
of which Taxes: +€26,890
- Debts after one year -€8,354
down €8,354 (-25.3%), from €32,980 to €24,626
- Gross operating margin +€35,693
up €35,693 (+38.6%), from €92,386 to €128,079
- Depreciation +€8,386
up €8,386 (+234%), from €3,579 to €11,966
- Taxes +€6,130
up €6,130 (+34.0%), from €18,028 to €24,158
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 | €147,626 | €258,523 | +€110,897 | +75.1% |
| Fixed assets | 21/28 | €51,141 | €42,555 | -€8,586 | -16.8% |
| Tangible fixed assets | 22/27 | €51,141 | €42,555 | -€8,586 | -16.8% |
| Plant, machinery and equipment | 23 | €2,418 | €4,266 | +€1,848 | +76.4% |
| Furniture and vehicles | 24 | €48,723 | €38,288 | -€10,434 | -21.4% |
| Current assets | 29/58 | €96,486 | €215,968 | +€119,483 | +124% |
| Amounts receivable within one year | 40/41 | €15,118 | €20,659 | +€5,541 | +36.6% |
| Trade receivables | 40 | €15,118 | €20,659 | +€5,541 | +36.6% |
| Cash at bank and in hand | 54/58 | €80,297 | €194,169 | +€113,872 | +142% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,140 | +€70 | +6.6% |
| Total equity and liabilities | 10/49 | €147,626 | €258,523 | +€110,897 | +75.1% |
| Equity | 10/15 | €70,940 | €159,820 | +€88,880 | +125% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €68,940 | €157,820 | +€88,880 | +129% |
| Distributable reserves | 133 | €68,940 | €157,820 | +€88,880 | +129% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,687 | €98,704 | +€22,017 | +28.7% |
| Amounts payable after more than one year | 17 | €32,980 | €24,626 | -€8,354 | -25.3% |
| Financial debts | 170/4 | €32,980 | €24,626 | -€8,354 | -25.3% |
| Amounts payable within one year | 42/48 | €41,562 | €70,474 | +€28,912 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €8,555 | €8,901 | +€347 | +4.1% |
| Trade debts | 44 | €2,220 | €3,376 | +€1,156 | +52.0% |
| Suppliers | 440/4 | €2,220 | €3,376 | +€1,156 | +52.0% |
| Taxes, remuneration and social security | 45 | €24,807 | €52,494 | +€27,687 | +112% |
| Taxes | 450/3 | €23,281 | €50,171 | +€26,890 | +116% |
| Remuneration and social security | 454/9 | €1,526 | €2,323 | +€797 | +52.2% |
| Other amounts payable | 47/48 | €5,980 | €5,703 | -€277 | -4.6% |
| Accrued charges and deferred income | 492/3 | €2,144 | €3,604 | +€1,459 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,579 | €11,966 | +€8,386 | +234% |
| Other operating charges | 640/8 | €256 | €382 | +€126 | +49.1% |
| Gross operating margin | 9900 | €92,386 | €128,079 | +€35,693 | +38.6% |
| Operating profit (loss) | 9901 | €88,551 | €115,732 | +€27,181 | +30.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €725 | €1,861 | +€1,137 | +157% |
| Recurring financial charges | 65 | €725 | €1,861 | +€1,137 | +157% |
| Profit (loss) for the period before taxes | 9903 | €87,827 | €113,871 | +€26,044 | +29.7% |
| Income taxes | 67/77 | €18,028 | €24,158 | +€6,130 | +34.0% |
| Profit (loss) for the period | 9904 | €69,799 | €89,713 | +€19,914 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,799 | €89,713 | +€19,914 | +28.5% |
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 14 October 2026 via checked.be.