Studio.Fragment: 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.Fragment
Largest movements
- Cash +€11,957
up €11,957 (+192%), from €6,242 to €18,200
mainly Net result for the year (+€15,783) and Depreciation (+€1,134)
- Deferred charges and accrued income +€758
new in 2025: €758
- Reserves +€15,783
up €15,783 (+122%), from €12,963 to €28,746
- Tax, wage and social debts -€2,681
down €2,681 (-70.0%), from €3,829 to €1,148
- Trade debts -€907
down €907 (-36.7%), from €2,474 to €1,566
- Other debts +€831
new in 2025: €831
- Gross operating margin +€4,310
up €4,310 (+23.5%), from €18,314 to €22,625
- Taxes +€942
up €942 (+24.6%), from €3,820 to €4,761
- Other operating charges +€372
up €372 (+74.5%), from €499 to €871
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 | €21,766 | €34,792 | +€13,026 | +59.8% |
| Formation expenses | 20 | €346 | €327 | -€19 | -5.5% |
| Current assets | 29/58 | €21,420 | €34,465 | +€13,045 | +60.9% |
| Amounts receivable within one year | 40/41 | €15,178 | €15,508 | +€330 | +2.2% |
| Trade receivables | 40 | €14,513 | €14,517 | +€3 | 0.0% |
| Other amounts receivable | 41 | €665 | €991 | +€327 | +49.1% |
| Cash at bank and in hand | 54/58 | €6,242 | €18,200 | +€11,957 | +192% |
| Deferred charges and accrued income | 490/1 | - | €758 | +€758 | |
| Total equity and liabilities | 10/49 | €21,766 | €34,792 | +€13,026 | +59.8% |
| Equity | 10/15 | €15,463 | €31,246 | +€15,783 | +102% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,963 | €28,746 | +€15,783 | +122% |
| Distributable reserves | 133 | €12,963 | €28,746 | +€15,783 | +122% |
| Amounts payable | 17/49 | €6,303 | €3,546 | -€2,757 | -43.7% |
| Amounts payable within one year | 42/48 | €6,303 | €3,546 | -€2,757 | -43.7% |
| Trade debts | 44 | €2,474 | €1,566 | -€907 | -36.7% |
| Suppliers | 440/4 | €2,474 | €1,566 | -€907 | -36.7% |
| Taxes, remuneration and social security | 45 | €3,829 | €1,148 | -€2,681 | -70.0% |
| Taxes | 450/3 | €3,829 | €1,148 | -€2,681 | -70.0% |
| Other amounts payable | 47/48 | - | €831 | +€831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €1,134 | +€119 | +11.7% |
| Other operating charges | 640/8 | €499 | €871 | +€372 | +74.5% |
| Gross operating margin | 9900 | €18,314 | €22,625 | +€4,310 | +23.5% |
| Operating profit (loss) | 9901 | €16,800 | €20,619 | +€3,820 | +22.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €17 | €75 | +€58 | +337% |
| Recurring financial charges | 65 | €17 | €75 | +€58 | +337% |
| Profit (loss) for the period before taxes | 9903 | €16,783 | €20,544 | +€3,762 | +22.4% |
| Income taxes | 67/77 | €3,820 | €4,761 | +€942 | +24.6% |
| Profit (loss) for the period | 9904 | €12,963 | €15,783 | +€2,820 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,963 | €15,783 | +€2,820 | +21.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.