STUDIO EC: 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 EC
Largest movements
- Tangible fixed assets +€93,356
up €93,356 (+306.2%), from €30,491 to €123,847
of which Furniture and vehicles: +€94,060
- Receivables within one year -€45,554
down €45,554 (-66.3%), from €68,667 to €23,113
of which Trade receivables: -€45,556
- Cash -€38,159
down €38,159 (-37.8%), from €101,039 to €62,879
mainly Contributions, distributions and other (-€211,000) and Investment in fixed assets (net) (-€113,768)
- Other debts +€186,607
up €186,607 (+716342.2%), from €26 to €186,633
- Reserves -€125,582
down €125,582 (-99.2%), from €126,602 to €1,020
- Tax, wage and social debts -€43,354
down €43,354 (-70.7%), from €61,304 to €17,950
of which Taxes: -€43,269
- Current portion of long-term debt -€9,104
down €9,104 (-100.0%), from €9,104 to €0
- Gross operating margin -€47,293
down €47,293 (-26.2%), from €180,351 to €133,059
- Taxes -€11,905
down €11,905 (-31.3%), from €37,989 to €26,083
- Depreciation +€4,622
up €4,622 (+29.3%), from €15,790 to €20,412
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.
Cash bridge derived
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 | €204,337 | €213,262 | +€8,926 | +4.4% |
| Fixed assets | 21/28 | €30,491 | €123,847 | +€93,356 | +306.2% |
| Tangible fixed assets | 22/27 | €30,491 | €123,847 | +€93,356 | +306.2% |
| Furniture and vehicles | 24 | €26,205 | €120,265 | +€94,060 | +358.9% |
| Other tangible fixed assets | 26 | €4,286 | €3,582 | -€704 | -16.4% |
| Current assets | 29/58 | €173,846 | €89,416 | -€84,430 | -48.6% |
| Amounts receivable within one year | 40/41 | €68,667 | €23,113 | -€45,554 | -66.3% |
| Trade receivables | 40 | €68,667 | €23,111 | -€45,556 | -66.3% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €101,039 | €62,879 | -€38,159 | -37.8% |
| Deferred charges and accrued income | 490/1 | €4,140 | €3,423 | -€717 | -17.3% |
| Total equity and liabilities | 10/49 | €204,337 | €213,262 | +€8,926 | +4.4% |
| Equity | 10/15 | €131,602 | €6,020 | -€125,582 | -95.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €126,602 | €1,020 | -€125,582 | -99.2% |
| Distributable reserves | 133 | €126,602 | €1,020 | -€125,582 | -99.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,735 | €207,243 | +€134,508 | +184.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €72,075 | €206,498 | +€134,423 | +186.5% |
| Current portion of amounts payable after more than one year | 42 | €9,104 | €0 | -€9,104 | -100.0% |
| Financial debts | 43 | €22 | €30 | +€9 | +39.3% |
| Credit institutions | 430/8 | €22 | €30 | +€9 | +39.3% |
| Trade debts | 44 | €1,619 | €1,884 | +€266 | +16.4% |
| Suppliers | 440/4 | €1,619 | €1,884 | +€266 | +16.4% |
| Taxes, remuneration and social security | 45 | €61,304 | €17,950 | -€43,354 | -70.7% |
| Taxes | 450/3 | €59,119 | €15,850 | -€43,269 | -73.2% |
| Remuneration and social security | 454/9 | €2,185 | €2,100 | -€85 | -3.9% |
| Other amounts payable | 47/48 | €26 | €186,633 | +€186,607 | +716342.2% |
| Accrued charges and deferred income | 492/3 | €660 | €745 | +€85 | +12.9% |
| Non-recurring operating income | 76A | - | €11,701 | +€11,701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,790 | €20,412 | +€4,622 | +29.3% |
| Other operating charges | 640/8 | €231 | €851 | +€620 | +268.5% |
| Gross operating margin | 9900 | €180,351 | €133,059 | -€47,293 | -26.2% |
| Operating profit (loss) | 9901 | €164,331 | €111,796 | -€52,535 | -32.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €587 | €296 | -€291 | -49.6% |
| Recurring financial charges | 65 | €587 | €296 | -€291 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €163,743 | €111,501 | -€52,243 | -31.9% |
| Income taxes | 67/77 | €37,989 | €26,083 | -€11,905 | -31.3% |
| Profit (loss) for the period | 9904 | €125,755 | €85,418 | -€40,337 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,755 | €85,418 | -€40,337 | -32.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.