studio for Authentic Immersive Matters: 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 for Authentic Immersive Matters
Largest movements
- Current investments -€290,000
down €290,000 (-53.7%), from €540,000 to €250,000
- Receivables after one year +€254,294
new in 2025: €254,294
- Receivables within one year -€82,074
down €82,074 (-79.0%), from €103,847 to €21,774
of which Trade receivables: -€74,028
- Profit (loss) carried forward -€119,098
down €119,098 (-278%), from -€42,858 to -€161,956
- Gross operating margin -€111,557
down €111,557 (-1,055%), from -€10,569 to -€122,126
- Financial income +€5,316
up €5,316 (+100%), from €5,312 to €10,628
- Other operating charges +€2,308
new in 2025: €2,308
- Depreciation +€1,630
up €1,630 (+746%), from €219 to €1,848
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 | €6,555,050 | €6,436,949 | -€118,101 | -1.8% |
| Fixed assets | 21/28 | €5,874,846 | €5,843,887 | -€30,958 | -0.5% |
| Tangible fixed assets | 22/27 | €1,372 | €10,414 | +€9,042 | +659% |
| Furniture and vehicles | 24 | €1,372 | €10,414 | +€9,042 | +659% |
| Financial fixed assets | 28 | €5,873,474 | €5,833,474 | -€40,000 | -0.7% |
| Current assets | 29/58 | €680,204 | €593,061 | -€87,143 | -12.8% |
| Amounts receivable after more than one year | 29 | - | €254,294 | +€254,294 | |
| Other amounts receivable | 291 | - | €254,294 | +€254,294 | |
| Amounts receivable within one year | 40/41 | €103,847 | €21,774 | -€82,074 | -79.0% |
| Trade receivables | 40 | €77,528 | €3,500 | -€74,028 | -95.5% |
| Other amounts receivable | 41 | €26,319 | €18,274 | -€8,045 | -30.6% |
| Current investments | 50/53 | €540,000 | €250,000 | -€290,000 | -53.7% |
| Cash at bank and in hand | 54/58 | €35,722 | €66,994 | +€31,272 | +87.5% |
| Deferred charges and accrued income | 490/1 | €635 | €0 | -€635 | -100% |
| Total equity and liabilities | 10/49 | €6,555,050 | €6,436,949 | -€118,101 | -1.8% |
| Equity | 10/15 | €6,537,876 | €6,418,778 | -€119,098 | -1.8% |
| Contributions | 10/11 | €6,580,734 | €6,580,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,858 | -€161,956 | -€119,098 | -278% |
| Amounts payable | 17/49 | €17,174 | €18,171 | +€997 | +5.8% |
| Amounts payable within one year | 42/48 | €16,897 | €18,171 | +€1,274 | +7.5% |
| Trade debts | 44 | €16,237 | €395 | -€15,842 | -97.6% |
| Suppliers | 440/4 | €16,237 | €395 | -€15,842 | -97.6% |
| Taxes, remuneration and social security | 45 | - | €3,207 | +€3,207 | |
| Taxes | 450/3 | - | €3,207 | +€3,207 | |
| Other amounts payable | 47/48 | €660 | €14,569 | +€13,910 | +2,108% |
| Accrued charges and deferred income | 492/3 | €277 | €0 | -€277 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219 | €1,848 | +€1,630 | +746% |
| Other operating charges | 640/8 | - | €2,308 | +€2,308 | |
| Gross operating margin | 9900 | -€10,569 | -€122,126 | -€111,557 | -1,055% |
| Operating profit (loss) | 9901 | -€10,788 | -€126,282 | -€115,494 | -1,071% |
| Financial income | 75/76B | €5,312 | €10,628 | +€5,316 | +100% |
| Recurring financial income | 75 | €5,312 | €10,628 | +€5,316 | +100% |
| Financial charges | 65/66B | €2,460 | €3,444 | +€984 | +40.0% |
| Recurring financial charges | 65 | €2,460 | €3,444 | +€984 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,936 | -€119,098 | -€111,162 | -1,401% |
| Profit (loss) for the period | 9904 | -€7,936 | -€119,098 | -€111,162 | -1,401% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,936 | -€119,098 | -€111,162 | -1,401% |
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.