Studio Dos Santos: 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 Dos Santos
Largest movements
- Receivables within one year +€64,862
up €64,862 (+78.8%), from €82,325 to €147,187
of which Trade receivables: +€78,790
- Tangible fixed assets -€8,276
down €8,276 (-12.0%), from €68,992 to €60,716
of which Other tangible fixed assets: -€5,259
- Profit (loss) carried forward +€41,525
up €41,525 (+44.3%), from -€93,635 to -€52,110
- Debts after one year -€17,773
down €17,773 (-25.3%), from €70,373 to €52,600
- Trade debts +€14,956
up €14,956 (+626%), from €2,389 to €17,346
- Short-term financial debts +€11,684
up €11,684 (+29.8%), from €39,158 to €50,842
- Tax, wage and social debts -€8,788
down €8,788 (-52.4%), from €16,782 to €7,994
of which Taxes: -€16,650
- Gross operating margin +€58,856
up €58,856 (+7,447%), from €790 to €59,647
- Depreciation -€3,865
down €3,865 (-31.8%), from €12,140 to €8,276
- Financial charges -€3,102
down €3,102 (-36.1%), from €8,594 to €5,493
- Taxes -€973
down €973 (-88.1%), from €1,105 to €132
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 | €152,845 | €207,954 | +€55,109 | +36.1% |
| Fixed assets | 21/28 | €68,992 | €60,766 | -€8,226 | -11.9% |
| Tangible fixed assets | 22/27 | €68,992 | €60,716 | -€8,276 | -12.0% |
| Land and buildings | 22 | €11,760 | €9,057 | -€2,703 | -23.0% |
| Plant, machinery and equipment | 23 | €733 | €419 | -€314 | -42.9% |
| Other tangible fixed assets | 26 | €56,500 | €51,240 | -€5,259 | -9.3% |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €83,853 | €147,188 | +€63,335 | +75.5% |
| Amounts receivable within one year | 40/41 | €82,325 | €147,187 | +€64,862 | +78.8% |
| Trade receivables | 40 | €5,072 | €83,862 | +€78,790 | +1,553% |
| Other amounts receivable | 41 | €77,253 | €63,325 | -€13,928 | -18.0% |
| Cash at bank and in hand | 54/58 | €1 | €1 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,527 | - | -€1,527 | |
| Total equity and liabilities | 10/49 | €152,845 | €207,954 | +€55,109 | +36.1% |
| Equity | 10/15 | -€20,045 | €21,480 | +€41,525 | |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €59,390 | €59,390 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,890 | +€1,890 | |
| Reserves not available under the articles | 1311 | - | €1,890 | +€1,890 | |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €51,390 | €49,500 | -€1,890 | -3.7% |
| Profit (loss) carried forward | 14 | -€93,635 | -€52,110 | +€41,525 | +44.3% |
| Amounts payable | 17/49 | €172,890 | €186,474 | +€13,584 | +7.9% |
| Amounts payable after more than one year | 17 | €70,373 | €52,600 | -€17,773 | -25.3% |
| Financial debts | 170/4 | €70,373 | €52,600 | -€17,773 | -25.3% |
| Amounts payable within one year | 42/48 | €102,517 | €133,874 | +€31,357 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,417 | +€8,417 | |
| Financial debts | 43 | €39,158 | €50,842 | +€11,684 | +29.8% |
| Credit institutions | 430/8 | €39,158 | €50,842 | +€11,684 | +29.8% |
| Trade debts | 44 | €2,389 | €17,346 | +€14,956 | +626% |
| Suppliers | 440/4 | €2,389 | €17,346 | +€14,956 | +626% |
| Taxes, remuneration and social security | 45 | €16,782 | €7,994 | -€8,788 | -52.4% |
| Taxes | 450/3 | €16,782 | €132 | -€16,650 | -99.2% |
| Remuneration and social security | 454/9 | - | €7,862 | +€7,862 | |
| Other amounts payable | 47/48 | €44,187 | €49,275 | +€5,088 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,140 | €8,276 | -€3,865 | -31.8% |
| Other operating charges | 640/8 | €4,043 | €4,233 | +€189 | +4.7% |
| Gross operating margin | 9900 | €790 | €59,647 | +€58,856 | +7,447% |
| Operating profit (loss) | 9901 | -€15,393 | €47,138 | +€62,532 | |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €8,594 | €5,493 | -€3,102 | -36.1% |
| Recurring financial charges | 65 | €8,594 | €5,493 | -€3,102 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,988 | €41,657 | +€65,645 | |
| Income taxes | 67/77 | €1,105 | €132 | -€973 | -88.1% |
| Profit (loss) for the period | 9904 | -€25,092 | €41,525 | +€66,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,092 | €41,525 | +€66,617 |
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 29 October 2026 via checked.be.