Studio DP: what changed
Two fiscal 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 DP
Largest movements
- Receivables within one year +€206,901
up €206,901 (+165.4%), from €125,080 to €331,981
of which Trade receivables: +€196,889
- Stocks and contracts +€43,374
up €43,374 (+18.2%), from €238,008 to €281,382
of which Contracts in progress: +€45,542
- Cash +€41,088
up €41,088 (+218.9%), from €18,770 to €59,857
mainly Trade debts (+€120,667) and Accrued charges and deferred income (+€74,850)
- Tangible fixed assets -€18,208
down €18,208 (-24.9%), from €73,058 to €54,850
of which Other tangible fixed assets: -€13,407
- Trade debts +€120,667
up €120,667 (+71.9%), from €167,758 to €288,426
- Accrued charges and deferred income +€74,850
up €74,850 (+1861.5%), from €4,021 to €78,871
- Other debts +€43,825
up €43,825 (+364.8%), from €12,012 to €55,837
- Tax, wage and social debts +€41,625
up €41,625 (+264.0%), from €15,768 to €57,393
of which Taxes: +€21,519
- Debts after one year -€12,819
down €12,819 (-57.1%), from €22,433 to €9,614
- Gross operating margin +€58,341
up €58,341 (+23.1%), from €252,187 to €310,528
- Staff costs +€52,675
up €52,675 (+23.8%), from €221,055 to €273,730
- Depreciation -€6,746
down €6,746 (-27.0%), from €24,954 to €18,208
- Financial charges -€3,813
down €3,813 (-35.8%), from €10,653 to €6,841
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,746 | €736,287 | +€269,541 | +57.7% |
| Fixed assets | 21/28 | €73,241 | €55,033 | -€18,208 | -24.9% |
| Tangible fixed assets | 22/27 | €73,058 | €54,850 | -€18,208 | -24.9% |
| Plant, machinery and equipment | 23 | €2,778 | €1,541 | -€1,237 | -44.5% |
| Furniture and vehicles | 24 | €13,189 | €9,626 | -€3,564 | -27.0% |
| Other tangible fixed assets | 26 | €57,090 | €43,683 | -€13,407 | -23.5% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €393,505 | €681,254 | +€287,749 | +73.1% |
| Stocks and contracts in progress | 3 | €238,008 | €281,382 | +€43,374 | +18.2% |
| Stocks | 30/36 | €190,803 | €188,635 | -€2,168 | -1.1% |
| Contracts in progress | 37 | €47,205 | €92,747 | +€45,542 | +96.5% |
| Amounts receivable within one year | 40/41 | €125,080 | €331,981 | +€206,901 | +165.4% |
| Trade receivables | 40 | €97,136 | €294,025 | +€196,889 | +202.7% |
| Other amounts receivable | 41 | €27,944 | €37,956 | +€10,012 | +35.8% |
| Cash at bank and in hand | 54/58 | €18,770 | €59,857 | +€41,088 | +218.9% |
| Deferred charges and accrued income | 490/1 | €11,647 | €8,033 | -€3,613 | -31.0% |
| Total equity and liabilities | 10/49 | €466,746 | €736,287 | +€269,541 | +57.7% |
| Equity | 10/15 | €168,198 | €169,543 | +€1,346 | +0.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €106,698 | €108,043 | +€1,346 | +1.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €100,548 | €101,893 | +€1,346 | +1.3% |
| Amounts payable | 17/49 | €298,548 | €566,744 | +€268,195 | +89.8% |
| Amounts payable after more than one year | 17 | €22,433 | €9,614 | -€12,819 | -57.1% |
| Financial debts | 170/4 | €22,433 | €9,614 | -€12,819 | -57.1% |
| Amounts payable within one year | 42/48 | €272,094 | €478,259 | +€206,165 | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €16,555 | €16,604 | +€48 | +0.3% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €167,758 | €288,426 | +€120,667 | +71.9% |
| Suppliers | 440/4 | €167,758 | €288,426 | +€120,667 | +71.9% |
| Taxes, remuneration and social security | 45 | €15,768 | €57,393 | +€41,625 | +264.0% |
| Taxes | 450/3 | €2 | €21,520 | +€21,519 | +1336558.4% |
| Remuneration and social security | 454/9 | €15,766 | €35,873 | +€20,106 | +127.5% |
| Other amounts payable | 47/48 | €12,012 | €55,837 | +€43,825 | +364.8% |
| Accrued charges and deferred income | 492/3 | €4,021 | €78,871 | +€74,850 | +1861.5% |
| Remuneration, social security and pensions | 62 | €221,055 | €273,730 | +€52,675 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,954 | €18,208 | -€6,746 | -27.0% |
| Other operating charges | 640/8 | €6,123 | €8,263 | +€2,140 | +34.9% |
| Gross operating margin | 9900 | €252,187 | €310,528 | +€58,341 | +23.1% |
| Operating profit (loss) | 9901 | €54 | €10,327 | +€10,273 | +18964.1% |
| Financial income | 75/76B | €171 | €6 | -€165 | -96.4% |
| Recurring financial income | 75 | €171 | €6 | -€165 | -96.4% |
| Financial charges | 65/66B | €10,653 | €6,841 | -€3,813 | -35.8% |
| Recurring financial charges | 65 | €10,653 | €6,841 | -€3,813 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,428 | €3,492 | +€13,920 | |
| Income taxes | 67/77 | - | €2,147 | +€2,147 | |
| Profit (loss) for the period | 9904 | -€10,428 | €1,346 | +€11,774 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,428 | €1,346 | +€11,774 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.