Studio Ester Goris: 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 Ester Goris
Largest movements
- Cash -€21,446
down €21,446 (-68.0%), from €31,558 to €10,112
mainly Net result for the year (-€15,682) and Investment in fixed assets (net) (-€11,234)
- Receivables within one year +€8,176
up €8,176 (+159.1%), from €5,138 to €13,314
of which Trade receivables: +€8,176
- Financial fixed assets +€3,020
up €3,020 (+1006.7%), from €300 to €3,320
- Profit (loss) carried forward -€15,682
down €15,682, from €0 to -€15,682
- Other debts +€8,450
up €8,450 (+63.3%), from €13,355 to €21,805
- Tax, wage and social debts -€3,175
down €3,175 (-76.2%), from €4,169 to €994
- Trade debts +€1,602
up €1,602, from €0 to €1,602
- Advances received -€1,400
down €1,400 (-100.0%), from €1,400 to €0
- Gross operating margin -€23,174
down €23,174, from €16,656 to -€6,518
- Taxes -€3,293
down €3,293 (-95.9%), from €3,434 to €141
- Depreciation +€2,235
up €2,235 (+36.6%), from €6,105 to €8,340
- Financial charges -€189
down €189 (-80.8%), from €234 to €45
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 | €54,427 | €44,221 | -€10,206 | -18.8% |
| Fixed assets | 21/28 | €17,511 | €20,405 | +€2,894 | +16.5% |
| Tangible fixed assets | 22/27 | €17,211 | €17,085 | -€126 | -0.7% |
| Plant, machinery and equipment | 23 | €10,460 | €6,350 | -€4,110 | -39.3% |
| Furniture and vehicles | 24 | €6,751 | €10,735 | +€3,984 | +59.0% |
| Financial fixed assets | 28 | €300 | €3,320 | +€3,020 | +1006.7% |
| Current assets | 29/58 | €36,916 | €23,816 | -€13,100 | -35.5% |
| Amounts receivable within one year | 40/41 | €5,138 | €13,314 | +€8,176 | +159.1% |
| Trade receivables | 40 | €4,572 | €12,748 | +€8,176 | +178.8% |
| Other amounts receivable | 41 | €566 | €566 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,558 | €10,112 | -€21,446 | -68.0% |
| Deferred charges and accrued income | 490/1 | €220 | €390 | +€170 | +77.4% |
| Total equity and liabilities | 10/49 | €54,427 | €44,221 | -€10,206 | -18.8% |
| Equity | 10/15 | €35,503 | €19,821 | -€15,682 | -44.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,911 | €16,911 | = | 0.0% |
| Distributable reserves | 133 | €16,911 | €16,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€15,682 | -€15,682 | |
| Amounts payable | 17/49 | €18,924 | €24,400 | +€5,476 | +28.9% |
| Amounts payable within one year | 42/48 | €18,924 | €24,400 | +€5,476 | +28.9% |
| Trade debts | 44 | €0 | €1,602 | +€1,602 | |
| Suppliers | 440/4 | €0 | €1,602 | +€1,602 | |
| Advances received on contracts in progress | 46 | €1,400 | €0 | -€1,400 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,169 | €994 | -€3,175 | -76.2% |
| Taxes | 450/3 | €4,169 | €994 | -€3,175 | -76.2% |
| Other amounts payable | 47/48 | €13,355 | €21,805 | +€8,450 | +63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,105 | €8,340 | +€2,235 | +36.6% |
| Other operating charges | 640/8 | €738 | €638 | -€99 | -13.5% |
| Gross operating margin | 9900 | €16,656 | -€6,518 | -€23,174 | |
| Operating profit (loss) | 9901 | €9,813 | -€15,496 | -€25,309 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.4% |
| Financial charges | 65/66B | €234 | €45 | -€189 | -80.8% |
| Recurring financial charges | 65 | €234 | €45 | -€189 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €9,580 | -€15,541 | -€25,121 | |
| Income taxes | 67/77 | €3,434 | €141 | -€3,293 | -95.9% |
| Profit (loss) for the period | 9904 | €6,146 | -€15,682 | -€21,827 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,146 | -€15,682 | -€21,827 |
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 8 October 2026 via checked.be.