STUDIO GLOBO: 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 GLOBO
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€193,612
down €193,612 (-27.3%), from €708,195 to €514,583
mainly Current investments (-€200,000) and Receivables within one year (-€132,077)
- Receivables within one year +€132,077
up €132,077 (+54.9%), from €240,409 to €372,486
of which Other amounts receivable: +€177,579
- Deferred charges and accrued income -€39,714
down €39,714 (-71.3%), from €55,676 to €15,963
- Intangible fixed assets -€15,334
down €15,334 (-98.4%), from €15,579 to €245
- Debts within one year +€55,490
up €55,490 (+14.3%), from €387,813 to €443,303
of which Tax, wage and social debts: +€33,634
- Profit (loss) carried forward +€43,178
new in 2025: €43,178
- Accrued charges and deferred income -€20,699
down €20,699 (-47.4%), from €43,690 to €22,990
- Purchases and services +€87,902
up €87,902 (+6.6%), from €1.3m to €1.4m
- Staff costs -€76,579
down €76,579 (-5.7%), from €1.3m to €1.3m
- Gross operating margin +€42,354
up €42,354 (+3.2%), from €1.3m to €1.4m
- Turnover -€33,024
down €33,024 (-9.7%), from €341,317 to €308,294
- Other operating charges -€28,768
down €28,768 (-79.5%), from €36,182 to €7,414
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 | €1,372,711 | €1,464,247 | +€91,536 | +6.7% |
| Fixed assets | 21/28 | €368,430 | €361,215 | -€7,215 | -2.0% |
| Intangible fixed assets | 21 | €15,579 | €245 | -€15,334 | -98.4% |
| Tangible fixed assets | 22/27 | €27,031 | €25,122 | -€1,909 | -7.1% |
| Plant, machinery and equipment | 23 | €19,853 | €18,100 | -€1,753 | -8.8% |
| Furniture and vehicles | 24 | €2,309 | €3,294 | +€984 | +42.6% |
| Other tangible fixed assets | 26 | €4,868 | €3,728 | -€1,140 | -23.4% |
| Financial fixed assets | 28 | €325,820 | €335,848 | +€10,028 | +3.1% |
| Current assets | 29/58 | €1,004,281 | €1,103,032 | +€98,751 | +9.8% |
| Amounts receivable within one year | 40/41 | €240,409 | €372,486 | +€132,077 | +54.9% |
| Trade receivables | 40 | €137,181 | €91,678 | -€45,502 | -33.2% |
| Other amounts receivable | 41 | €103,229 | €280,808 | +€177,579 | +172.0% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €708,195 | €514,583 | -€193,612 | -27.3% |
| Deferred charges and accrued income | 490/1 | €55,676 | €15,963 | -€39,714 | -71.3% |
| Total equity and liabilities | 10/49 | €1,372,711 | €1,464,247 | +€91,536 | +6.7% |
| Equity | 10/15 | €911,178 | €954,356 | +€43,178 | +4.7% |
| Contributions | 10/11 | €247,711 | €247,711 | = | 0.0% |
| Capital | 10 | €247,711 | €247,711 | = | 0.0% |
| Reserves | 13 | €663,467 | €663,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €43,178 | +€43,178 | |
| Provisions and deferred taxes | 16 | €30,031 | €43,599 | +€13,568 | +45.2% |
| Provisions for liabilities and charges | 160/5 | €3,806 | €7,591 | +€3,786 | +99.5% |
| Other liabilities and charges | 164/5 | €3,806 | €7,591 | +€3,786 | +99.5% |
| Amounts payable | 17/49 | €431,502 | €466,293 | +€34,791 | +8.1% |
| Amounts payable within one year | 42/48 | €387,813 | €443,303 | +€55,490 | +14.3% |
| Trade debts | 44 | €259,762 | €287,562 | +€27,800 | +10.7% |
| Suppliers | 440/4 | €259,762 | €287,562 | +€27,800 | +10.7% |
| Taxes, remuneration and social security | 45 | €122,107 | €155,741 | +€33,634 | +27.5% |
| Taxes | 450/3 | €22,511 | €20,149 | -€2,362 | -10.5% |
| Remuneration and social security | 454/9 | €99,596 | €135,592 | +€35,996 | +36.1% |
| Accrued charges and deferred income | 492/3 | €43,690 | €22,990 | -€20,699 | -47.4% |
| Turnover | 70 | €341,317 | €308,294 | -€33,024 | -9.7% |
| Non-recurring operating income | 76A | - | €159,450 | +€159,450 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,341,355 | €1,429,257 | +€87,902 | +6.6% |
| Remuneration, social security and pensions | 62 | €1,345,254 | €1,268,675 | -€76,579 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,076 | €31,269 | -€7,807 | -20.0% |
| Other operating charges | 640/8 | €36,182 | €7,414 | -€28,768 | -79.5% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €1,317,806 | €1,360,160 | +€42,354 | +3.2% |
| Operating profit (loss) | 9901 | -€74,720 | €39,234 | +€113,954 | |
| Financial income | 75/76B | €18,121 | €6,688 | -€11,433 | -63.1% |
| Recurring financial income | 75 | €18,121 | €6,688 | -€11,433 | -63.1% |
| Financial charges | 65/66B | €4,727 | €2,745 | -€1,983 | -41.9% |
| Recurring financial charges | 65 | €4,727 | €2,745 | -€1,983 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€61,326 | €43,178 | +€104,503 | |
| Profit (loss) for the period | 9904 | -€61,326 | €43,178 | +€104,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,326 | €43,178 | +€104,503 |
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 4 October 2026 via checked.be.