Studio Frankie: 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 Frankie
Largest movements
- Cash -€86,799
down €86,799 (-48.2%), from €179,960 to €93,161
mainly Investment in fixed assets (net) (-€100,345) and Receivables within one year (-€48,397)
- Receivables within one year +€48,397
up €48,397 (+351%), from €13,796 to €62,192
of which Trade receivables: +€49,080
- Deferred charges and accrued income +€18,918
up €18,918 (+56.9%), from €33,276 to €52,193
- Debts after one year -€40,554
down €40,554 (-13.3%), from €304,450 to €263,896
- Tax, wage and social debts +€16,029
up €16,029 (+10.6%), from €150,751 to €166,781
of which Remuneration and social security: +€10,136
- Staff costs +€194,276
up €194,276 (+28.1%), from €691,784 to €886,060
- Gross operating margin +€190,829
up €190,829 (+22.6%), from €844,099 to €1.0m
- Depreciation +€22,930
up €22,930 (+30.4%), from €75,424 to €98,354
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 | €970,355 | €960,481 | -€9,874 | -1.0% |
| Fixed assets | 21/28 | €686,441 | €688,432 | +€1,991 | +0.3% |
| Intangible fixed assets | 21 | €8,509 | €10,246 | +€1,737 | +20.4% |
| Tangible fixed assets | 22/27 | €675,848 | €675,102 | -€746 | -0.1% |
| Land and buildings | 22 | €379,538 | €402,871 | +€23,334 | +6.1% |
| Plant, machinery and equipment | 23 | €200,963 | €182,596 | -€18,366 | -9.1% |
| Furniture and vehicles | 24 | €20,715 | €24,981 | +€4,266 | +20.6% |
| Leasing and similar rights | 25 | €74,633 | €64,654 | -€9,979 | -13.4% |
| Financial fixed assets | 28 | €2,084 | €3,084 | +€1,000 | +48.0% |
| Current assets | 29/58 | €283,914 | €272,049 | -€11,865 | -4.2% |
| Stocks and contracts in progress | 3 | €56,883 | €64,502 | +€7,619 | +13.4% |
| Stocks | 30/36 | €56,883 | €64,502 | +€7,619 | +13.4% |
| Amounts receivable within one year | 40/41 | €13,796 | €62,192 | +€48,397 | +351% |
| Trade receivables | 40 | €12,592 | €61,672 | +€49,080 | +390% |
| Other amounts receivable | 41 | €1,204 | €520 | -€683 | -56.8% |
| Cash at bank and in hand | 54/58 | €179,960 | €93,161 | -€86,799 | -48.2% |
| Deferred charges and accrued income | 490/1 | €33,276 | €52,193 | +€18,918 | +56.9% |
| Total equity and liabilities | 10/49 | €970,355 | €960,481 | -€9,874 | -1.0% |
| Equity | 10/15 | €125,598 | €129,583 | +€3,985 | +3.2% |
| Contributions | 10/11 | €86,000 | €86,000 | = | 0.0% |
| Reserves | 13 | €39,598 | €43,583 | +€3,985 | +10.1% |
| Distributable reserves | 133 | €39,598 | €43,583 | +€3,985 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €844,757 | €830,898 | -€13,859 | -1.6% |
| Amounts payable after more than one year | 17 | €304,450 | €263,896 | -€40,554 | -13.3% |
| Financial debts | 170/4 | €304,450 | €263,896 | -€40,554 | -13.3% |
| Amounts payable within one year | 42/48 | €539,986 | €567,002 | +€27,016 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €101,511 | €110,610 | +€9,099 | +9.0% |
| Financial debts | 43 | - | €61 | +€61 | |
| Credit institutions | 430/8 | - | €61 | +€61 | |
| Trade debts | 44 | €138,430 | €139,834 | +€1,404 | +1.0% |
| Suppliers | 440/4 | €138,430 | €139,834 | +€1,404 | +1.0% |
| Taxes, remuneration and social security | 45 | €150,751 | €166,781 | +€16,029 | +10.6% |
| Taxes | 450/3 | €61,253 | €67,145 | +€5,893 | +9.6% |
| Remuneration and social security | 454/9 | €89,499 | €99,635 | +€10,136 | +11.3% |
| Other amounts payable | 47/48 | €149,294 | €149,717 | +€423 | +0.3% |
| Accrued charges and deferred income | 492/3 | €321 | €0 | -€321 | -100% |
| Remuneration, social security and pensions | 62 | €691,784 | €886,060 | +€194,276 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,424 | €98,354 | +€22,930 | +30.4% |
| Other operating charges | 640/8 | €7,773 | €14,405 | +€6,632 | +85.3% |
| Non-recurring operating charges | 66A | €395 | €987 | +€592 | +150% |
| Gross operating margin | 9900 | €844,099 | €1,034,928 | +€190,829 | +22.6% |
| Operating profit (loss) | 9901 | €68,722 | €35,121 | -€33,601 | -48.9% |
| Financial income | 75/76B | €181 | €143 | -€38 | -20.8% |
| Recurring financial income | 75 | €181 | €143 | -€38 | -20.8% |
| Financial charges | 65/66B | €25,776 | €30,437 | +€4,660 | +18.1% |
| Recurring financial charges | 65 | €25,776 | €30,437 | +€4,660 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €43,126 | €4,828 | -€38,298 | -88.8% |
| Income taxes | 67/77 | €4,153 | €843 | -€3,310 | -79.7% |
| Profit (loss) for the period | 9904 | €38,973 | €3,985 | -€34,988 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,973 | €3,985 | -€34,988 | -89.8% |
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 31 October 2026 via checked.be.