STUDIO ENTERTAINMENT: 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 ENTERTAINMENT
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+81.2%), from €1.8m to €3.3m
of which Other amounts receivable: +€1.7m
- Intangible fixed assets -€682,160
down €682,160 (-37.7%), from €1.8m to €1.1m
- Investment grants +€540,000
up €540,000 (+52.9%), from €1.0m to €1.6m
- Other debts -€391,381
no longer reported in 2025 (was €391,381)
- Advances received +€277,780
up €277,780 (+27.2%), from €1.0m to €1.3m
- Trade debts +€247,192
up €247,192 (+15.1%), from €1.6m to €1.9m
- Profit (loss) carried forward +€106,906
up €106,906 (+57.3%), from €186,466 to €293,373
- Financial income -€224,707
down €224,707 (-11.1%), from €2.0m to €1.8m
- Other operating charges -€211,268
down €211,268 (-10.6%), from €2.0m to €1.8m
- Gross operating margin -€146,518
down €146,518 (-28.1%), from €521,437 to €374,919
- Staff costs -€75,621
down €75,621 (-91.3%), from €82,800 to €7,179
- Financial charges -€62,182
down €62,182 (-20.8%), from €298,681 to €236,499
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 | €4,285,826 | €5,071,323 | +€785,497 | +18.3% |
| Fixed assets | 21/28 | €1,809,529 | €1,127,369 | -€682,160 | -37.7% |
| Intangible fixed assets | 21 | €1,809,529 | €1,127,369 | -€682,160 | -37.7% |
| Current assets | 29/58 | €2,476,297 | €3,943,954 | +€1.5m | +59.3% |
| Amounts receivable within one year | 40/41 | €1,816,330 | €3,290,758 | +€1.5m | +81.2% |
| Trade receivables | 40 | €1,754,966 | €1,497,378 | -€257,588 | -14.7% |
| Other amounts receivable | 41 | €61,365 | €1,793,380 | +€1.7m | +2,823% |
| Cash at bank and in hand | 54/58 | €17,032 | €10,297 | -€6,735 | -39.5% |
| Deferred charges and accrued income | 490/1 | €642,935 | €642,899 | -€36 | 0.0% |
| Total equity and liabilities | 10/49 | €4,285,826 | €5,071,323 | +€785,497 | +18.3% |
| Equity | 10/15 | €1,226,871 | €1,873,778 | +€646,906 | +52.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,466 | €293,373 | +€106,906 | +57.3% |
| Investment grants | 15 | €1,020,000 | €1,560,000 | +€540,000 | +52.9% |
| Amounts payable | 17/49 | €3,058,955 | €3,197,546 | +€138,591 | +4.5% |
| Amounts payable within one year | 42/48 | €3,058,830 | €3,197,546 | +€138,716 | +4.5% |
| Trade debts | 44 | €1,638,477 | €1,885,669 | +€247,192 | +15.1% |
| Suppliers | 440/4 | €1,638,477 | €1,885,669 | +€247,192 | +15.1% |
| Advances received on contracts in progress | 46 | €1,022,220 | €1,300,000 | +€277,780 | +27.2% |
| Taxes, remuneration and social security | 45 | €6,752 | €11,876 | +€5,124 | +75.9% |
| Taxes | 450/3 | €5,298 | €11,693 | +€6,395 | +121% |
| Remuneration and social security | 454/9 | €1,454 | €184 | -€1,270 | -87.4% |
| Other amounts payable | 47/48 | €391,381 | - | -€391,381 | |
| Accrued charges and deferred income | 492/3 | €125 | - | -€125 | |
| Remuneration, social security and pensions | 62 | €82,800 | €7,179 | -€75,621 | -91.3% |
| Other operating charges | 640/8 | €1,990,487 | €1,779,218 | -€211,268 | -10.6% |
| Gross operating margin | 9900 | €521,437 | €374,919 | -€146,518 | -28.1% |
| Operating profit (loss) | 9901 | -€1,551,850 | -€1,411,479 | +€140,371 | +9.0% |
| Financial income | 75/76B | €2,016,281 | €1,791,575 | -€224,707 | -11.1% |
| Recurring financial income | 75 | €2,016,281 | €1,791,575 | -€224,707 | -11.1% |
| Financial charges | 65/66B | €298,681 | €236,499 | -€62,182 | -20.8% |
| Recurring financial charges | 65 | €298,681 | €236,499 | -€62,182 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €165,750 | €143,596 | -€22,154 | -13.4% |
| Income taxes | 67/77 | €43,831 | €36,690 | -€7,141 | -16.3% |
| Profit (loss) for the period | 9904 | €121,919 | €106,906 | -€15,013 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €121,919 | €106,906 | -€15,013 | -12.3% |
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 18 October 2026 via checked.be.