STUDIO ENTERTAINMENT 2: 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.
What changed
STUDIO ENTERTAINMENT 2
NACE 90.202, Performing arts by artistic ensembles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€52,206
2024 · €384,715-€332,509
Equity
€698,530
2024 · €646,325+€52,206
Cash
€165,036
2024 · €3,580+€161,455
Balance sheet total
€7.8m
2024 · €18.6m-€10.8m
Largest movements
Assets
- Receivables within one year -€9.5m
down €9.5m (-57.4%), from €16.6m to €7.1m
of which Other amounts receivable: -€9.3m
- Stocks and contracts -€1.2m
down €1.2m (-96.4%), from €1.2m to €45,280
- Deferred charges and accrued income -€216,469
down €216,469 (-99.9%), from €216,690 to €221
Equity and liabilities
- Trade debts -€10.9m
down €10.9m (-68.9%), from €15.8m to €4.9m
- Advances received -€1.8m
no longer reported in 2025 (was €1.8m)
- Accrued charges and deferred income +€1.7m
up €1.7m (+3,932%), from €42,115 to €1.7m
Income statement
- Turnover -€31.8m
down €31.8m (-64.5%), from €49.4m to €17.5m
- Goods and materials -€28.9m
down €28.9m (-70.5%), from €40.9m to €12.1m
- Services and other goods -€6.1m
down €6.1m (-56.8%), from €10.7m to €4.6m
- Financial income -€5.0m
down €5.0m (-74.1%), from €6.8m to €1.7m
- Financial charges -€687,929
down €687,929 (-81.6%), from €842,994 to €155,065
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.
Result 2024
€384,715
Turnover
-€31.8m
Other operating income
-€373,104
Goods and materials
+€28.9m
Services and other goods
+€6.1m
Staff costs
-€647,133
Other operating charges
+€418,115
Other operating items
+€1.4m
Financial income
-€5.0m
Financial charges
+€687,929
Taxes
+€95,194
Result 2025
€52,206
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€161,755
Investment
-€300
Financing
€0
Cash 2024
€3,580
From operations (derived)
+€161,755
Net result for the year
+€52,206
Stocks and contracts
+€1.2m
Receivables within one year
+€9.5m
Deferred charges and accrued income
+€216,469
Trade debts
-€10.9m
Tax, wage and social debts
+€167,704
Advances received
-€1.8m
Other debts
+€23,447
Accrued charges and deferred income
+€1.7m
Investment (derived)
-€300
Investment in fixed assets (net)
-€300
Cash 2025
€165,036
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,595,532 | €7,833,591 | -€10.8m | -57.9% |
| Fixed assets | 21/28 | €568,980 | €569,280 | +€300 | +0.1% |
| Financial fixed assets | 28 | €568,980 | €569,280 | +€300 | +0.1% |
| Affiliated companies | 280/1 | €568,980 | €568,980 | = | 0.0% |
| Participating interests | 280 | €568,980 | €568,980 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €300 | +€300 | |
| Amounts receivable and cash guarantees | 285/8 | - | €300 | +€300 | |
| Current assets | 29/58 | €18,026,551 | €7,264,310 | -€10.8m | -59.7% |
| Stocks and contracts in progress | 3 | €1,243,864 | €45,280 | -€1.2m | -96.4% |
| Contracts in progress | 37 | €1,243,864 | €45,280 | -€1.2m | -96.4% |
| Amounts receivable within one year | 40/41 | €16,562,417 | €7,053,774 | -€9.5m | -57.4% |
| Trade receivables | 40 | €6,945,310 | €6,726,389 | -€218,921 | -3.2% |
| Other amounts receivable | 41 | €9,617,107 | €327,385 | -€9.3m | -96.6% |
| Cash at bank and in hand | 54/58 | €3,580 | €165,036 | +€161,455 | +4,510% |
| Deferred charges and accrued income | 490/1 | €216,690 | €221 | -€216,469 | -99.9% |
| Total equity and liabilities | 10/49 | €18,595,532 | €7,833,591 | -€10.8m | -57.9% |
| Equity | 10/15 | €646,325 | €698,530 | +€52,206 | +8.1% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €21,146 | €21,146 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,146 | €21,146 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,146 | €21,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,178 | €277,384 | +€52,206 | +23.2% |
| Amounts payable | 17/49 | €17,949,207 | €7,135,061 | -€10.8m | -60.2% |
| Amounts payable within one year | 42/48 | €17,907,092 | €5,437,176 | -€12.5m | -69.6% |
| Trade debts | 44 | €15,792,334 | €4,915,714 | -€10.9m | -68.9% |
| Suppliers | 440/4 | €15,792,334 | €4,915,714 | -€10.9m | -68.9% |
| Advances received on contracts in progress | 46 | €1,784,447 | - | -€1.8m | |
| Taxes, remuneration and social security | 45 | €57,811 | €225,515 | +€167,704 | +290% |
| Taxes | 450/3 | €37,013 | €156,528 | +€119,515 | +323% |
| Remuneration and social security | 454/9 | €20,798 | €68,987 | +€48,189 | +232% |
| Other amounts payable | 47/48 | €272,500 | €295,947 | +€23,447 | +8.6% |
| Accrued charges and deferred income | 492/3 | €42,115 | €1,697,885 | +€1.7m | +3,932% |
| Operating income | 70/76A | €46,933,183 | €16,141,600 | -€30.8m | -65.6% |
| Turnover | 70 | €49,351,141 | €17,516,416 | -€31.8m | -64.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,799,986 | -€1,383,740 | +€1.4m | +50.6% |
| Other operating income | 74 | €382,029 | €8,925 | -€373,104 | -97.7% |
| Operating charges | 60/66A | €52,336,716 | €17,658,209 | -€34.7m | -66.3% |
| Goods for resale, raw materials and consumables | 60 | €40,921,484 | €12,068,507 | -€28.9m | -70.5% |
| Purchases | 600/8 | €40,921,484 | €12,068,507 | -€28.9m | -70.5% |
| Services and other goods | 61 | €10,665,388 | €4,610,841 | -€6.1m | -56.8% |
| Remuneration, social security and pensions | 62 | €195,633 | €842,766 | +€647,133 | +331% |
| Other operating charges | 640/8 | €554,210 | €136,095 | -€418,115 | -75.4% |
| Operating profit (loss) | 9901 | -€5,403,532 | -€1,516,609 | +€3.9m | +71.9% |
| Financial income | 75/76B | €6,751,697 | €1,749,142 | -€5.0m | -74.1% |
| Recurring financial income | 75 | €6,751,697 | €1,749,142 | -€5.0m | -74.1% |
| Income from current assets | 751 | €76,503 | €31,081 | -€45,422 | -59.4% |
| Other financial income | 752/9 | €6,675,194 | €1,718,061 | -€5.0m | -74.3% |
| Financial charges | 65/66B | €842,994 | €155,065 | -€687,929 | -81.6% |
| Recurring financial charges | 65 | €842,994 | €155,065 | -€687,929 | -81.6% |
| Debt charges | 650 | €842,220 | €154,205 | -€688,015 | -81.7% |
| Other financial charges | 652/9 | €774 | €860 | +€87 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €505,171 | €77,468 | -€427,703 | -84.7% |
| Income taxes | 67/77 | €120,456 | €25,262 | -€95,194 | -79.0% |
| Taxes | 670/3 | €125,000 | €26,000 | -€99,000 | -79.2% |
| Tax adjustments and reversals of tax provisions | 77 | €4,544 | €738 | -€3,806 | -83.8% |
| Profit (loss) for the period | 9904 | €384,715 | €52,206 | -€332,509 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €384,715 | €52,206 | -€332,509 | -86.4% |
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 25 October 2026 via checked.be.