Studio Fishbone: 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 Fishbone
Largest movements
- Deferred charges and accrued income +€13,277
new in 2025: €13,277
- Cash -€10,758
down €10,758 (-92.8%), from €11,597 to €839
mainly Debts after one year (-€16,808) and Deferred charges and accrued income (-€13,277)
- Tangible fixed assets -€10,317
down €10,317 (-3.6%), from €287,902 to €277,585
of which Land and buildings: -€17,730
- Receivables within one year -€4,612
down €4,612 (-14.8%), from €31,201 to €26,589
of which Other amounts receivable: -€4,729
- Stocks and contracts +€4,000
up €4,000 (+19.5%), from €20,500 to €24,500
- Debts after one year -€16,808
down €16,808 (-6.3%), from €267,687 to €250,879
- Other debts +€14,022
new in 2025: €14,022
- Tax, wage and social debts -€7,191
down €7,191 (-69.9%), from €10,283 to €3,093
of which Taxes: -€7,910
- Trade debts +€6,617
up €6,617 (+226.2%), from €2,925 to €9,542
- Profit (loss) carried forward -€4,591
down €4,591 (-10.1%), from €45,538 to €40,947
- Gross operating margin -€13,435
down €13,435 (-30.5%), from €44,106 to €30,671
- Taxes -€2,090
down €2,090 (-41.8%), from €5,000 to €2,910
- Financial charges +€1,362
up €1,362 (+14.1%), from €9,641 to €11,002
- Depreciation +€807
up €807 (+4.1%), from €19,510 to €20,317
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 | €351,200 | €342,790 | -€8,410 | -2.4% |
| Fixed assets | 21/28 | €287,902 | €277,585 | -€10,317 | -3.6% |
| Tangible fixed assets | 22/27 | €287,902 | €277,585 | -€10,317 | -3.6% |
| Land and buildings | 22 | €281,812 | €264,082 | -€17,730 | -6.3% |
| Furniture and vehicles | 24 | €6,090 | €13,503 | +€7,413 | +121.7% |
| Current assets | 29/58 | €63,298 | €65,205 | +€1,907 | +3.0% |
| Stocks and contracts in progress | 3 | €20,500 | €24,500 | +€4,000 | +19.5% |
| Stocks | 30/36 | €20,500 | €24,500 | +€4,000 | +19.5% |
| Amounts receivable within one year | 40/41 | €31,201 | €26,589 | -€4,612 | -14.8% |
| Trade receivables | 40 | €24,308 | €24,425 | +€117 | +0.5% |
| Other amounts receivable | 41 | €6,893 | €2,164 | -€4,729 | -68.6% |
| Cash at bank and in hand | 54/58 | €11,597 | €839 | -€10,758 | -92.8% |
| Deferred charges and accrued income | 490/1 | - | €13,277 | +€13,277 | |
| Total equity and liabilities | 10/49 | €351,200 | €342,790 | -€8,410 | -2.4% |
| Equity | 10/15 | €53,038 | €48,447 | -€4,591 | -8.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,538 | €40,947 | -€4,591 | -10.1% |
| Amounts payable | 17/49 | €298,162 | €294,344 | -€3,819 | -1.3% |
| Amounts payable after more than one year | 17 | €267,687 | €250,879 | -€16,808 | -6.3% |
| Financial debts | 170/4 | €267,687 | €250,879 | -€16,808 | -6.3% |
| Amounts payable within one year | 42/48 | €30,475 | €43,464 | +€12,989 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €17,267 | €16,808 | -€459 | -2.7% |
| Trade debts | 44 | €2,925 | €9,542 | +€6,617 | +226.2% |
| Suppliers | 440/4 | €2,925 | €9,542 | +€6,617 | +226.2% |
| Taxes, remuneration and social security | 45 | €10,283 | €3,093 | -€7,191 | -69.9% |
| Taxes | 450/3 | €10,283 | €2,373 | -€7,910 | -76.9% |
| Remuneration and social security | 454/9 | - | €719 | +€719 | |
| Other amounts payable | 47/48 | - | €14,022 | +€14,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,510 | €20,317 | +€807 | +4.1% |
| Other operating charges | 640/8 | €1,059 | €1,040 | -€20 | -1.9% |
| Gross operating margin | 9900 | €44,106 | €30,671 | -€13,435 | -30.5% |
| Operating profit (loss) | 9901 | €23,537 | €9,314 | -€14,223 | -60.4% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €9,641 | €11,002 | +€1,362 | +14.1% |
| Recurring financial charges | 65 | €9,641 | €11,002 | +€1,362 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €13,896 | -€1,681 | -€15,577 | |
| Income taxes | 67/77 | €5,000 | €2,910 | -€2,090 | -41.8% |
| Profit (loss) for the period | 9904 | €8,896 | -€4,591 | -€13,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,896 | -€4,591 | -€13,487 |
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 2 October 2026 via checked.be.