Studio Goud: 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 Goud
Largest movements
- Tangible fixed assets +€256,941
up €256,941 (+180.8%), from €142,083 to €399,024
of which Other tangible fixed assets: +€182,326
- Receivables within one year +€79,525
up €79,525 (+384.4%), from €20,688 to €100,213
of which Trade receivables: +€54,616
- Cash +€37,531
up €37,531 (+21.1%), from €178,264 to €215,795
mainly Other debts (+€252,794) and Debts after one year (+€199,507)
- Stocks and contracts -€12,259
down €12,259 (-74.3%), from €16,490 to €4,232
- Deferred charges and accrued income +€11,424
up €11,424 (+736.0%), from €1,552 to €12,977
- Other debts +€252,794
up €252,794 (+1125.3%), from €22,464 to €275,258
- Debts after one year +€199,507
up €199,507 (+328.1%), from €60,813 to €260,320
- Profit (loss) carried forward -€152,833
down €152,833 (-100.0%), from €152,833 to €0
- Trade debts +€46,942
up €46,942 (+291.1%), from €16,126 to €63,068
- Current portion of long-term debt +€40,002
up €40,002 (+388.7%), from €10,290 to €50,292
- Staff costs +€24,873
up €24,873 (+50.5%), from €49,243 to €74,116
- Gross operating margin -€19,562
down €19,562 (-7.0%), from €280,133 to €260,570
- Taxes -€16,789
down €16,789 (-40.7%), from €41,271 to €24,483
- Depreciation +€11,404
up €11,404 (+37.6%), from €30,341 to €41,745
- Other operating charges +€3,945
up €3,945 (+189.6%), from €2,080 to €6,025
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 | €363,960 | €742,162 | +€378,202 | +103.9% |
| Fixed assets | 21/28 | €146,966 | €408,946 | +€261,981 | +178.3% |
| Tangible fixed assets | 22/27 | €142,083 | €399,024 | +€256,941 | +180.8% |
| Land and buildings | 22 | - | €70,086 | +€70,086 | |
| Plant, machinery and equipment | 23 | €7,366 | €10,637 | +€3,271 | +44.4% |
| Furniture and vehicles | 24 | €15,230 | €16,487 | +€1,257 | +8.3% |
| Other tangible fixed assets | 26 | €119,488 | €301,814 | +€182,326 | +152.6% |
| Financial fixed assets | 28 | €4,882 | €9,922 | +€5,040 | +103.2% |
| Current assets | 29/58 | €216,995 | €333,216 | +€116,221 | +53.6% |
| Stocks and contracts in progress | 3 | €16,490 | €4,232 | -€12,259 | -74.3% |
| Stocks | 30/36 | €16,490 | €4,232 | -€12,259 | -74.3% |
| Amounts receivable within one year | 40/41 | €20,688 | €100,213 | +€79,525 | +384.4% |
| Trade receivables | 40 | €14,183 | €68,800 | +€54,616 | +385.1% |
| Other amounts receivable | 41 | €6,504 | €31,413 | +€24,909 | +383.0% |
| Cash at bank and in hand | 54/58 | €178,264 | €215,795 | +€37,531 | +21.1% |
| Deferred charges and accrued income | 490/1 | €1,552 | €12,977 | +€11,424 | +736.0% |
| Total equity and liabilities | 10/49 | €363,960 | €742,162 | +€378,202 | +103.9% |
| Equity | 10/15 | €217,833 | €65,000 | -€152,833 | -70.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,833 | €0 | -€152,833 | -100.0% |
| Amounts payable | 17/49 | €146,127 | €677,162 | +€531,035 | +363.4% |
| Amounts payable after more than one year | 17 | €60,813 | €260,320 | +€199,507 | +328.1% |
| Financial debts | 170/4 | €60,813 | €260,320 | +€199,507 | +328.1% |
| Amounts payable within one year | 42/48 | €85,314 | €416,842 | +€331,528 | +388.6% |
| Current portion of amounts payable after more than one year | 42 | €10,290 | €50,292 | +€40,002 | +388.7% |
| Financial debts | 43 | €676 | €205 | -€471 | -69.7% |
| Credit institutions | 430/8 | €676 | €205 | -€471 | -69.7% |
| Trade debts | 44 | €16,126 | €63,068 | +€46,942 | +291.1% |
| Suppliers | 440/4 | €16,126 | €63,068 | +€46,942 | +291.1% |
| Advances received on contracts in progress | 46 | €200 | €200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €35,558 | €27,818 | -€7,739 | -21.8% |
| Taxes | 450/3 | €22,568 | €17,133 | -€5,435 | -24.1% |
| Remuneration and social security | 454/9 | €12,990 | €10,685 | -€2,305 | -17.7% |
| Other amounts payable | 47/48 | €22,464 | €275,258 | +€252,794 | +1125.3% |
| Remuneration, social security and pensions | 62 | €49,243 | €74,116 | +€24,873 | +50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,341 | €41,745 | +€11,404 | +37.6% |
| Other operating charges | 640/8 | €2,080 | €6,025 | +€3,945 | +189.6% |
| Non-recurring operating charges | 66A | €2,188 | €1,829 | -€359 | -16.4% |
| Gross operating margin | 9900 | €280,133 | €260,570 | -€19,562 | -7.0% |
| Operating profit (loss) | 9901 | €196,281 | €136,855 | -€59,426 | -30.3% |
| Financial income | 75/76B | €58 | €97 | +€39 | +67.9% |
| Recurring financial income | 75 | €58 | €97 | +€39 | +67.9% |
| Financial charges | 65/66B | €1,662 | €2,096 | +€433 | +26.1% |
| Recurring financial charges | 65 | €1,662 | €2,096 | +€433 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €194,676 | €134,857 | -€59,820 | -30.7% |
| Income taxes | 67/77 | €41,271 | €24,483 | -€16,789 | -40.7% |
| Profit (loss) for the period | 9904 | €153,405 | €110,374 | -€43,031 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €153,405 | €110,374 | -€43,031 | -28.1% |
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.