STUDIO GP-BELGIUM: 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 GP-BELGIUM
Largest movements
- Cash -€8,341
down €8,341 (-30.0%), from €27,767 to €19,426
mainly Tax, wage and social debts (-€19,701) and Stocks and contracts (-€6,688)
- Stocks and contracts +€6,688
up €6,688 (+7.2%), from €92,477 to €99,164
- Receivables within one year -€1,979
down €1,979 (-56.9%), from €3,479 to €1,500
of which Trade receivables: -€1,563
- Tangible fixed assets -€1,495
down €1,495 (-86.4%), from €1,731 to €235
of which Other tangible fixed assets: -€857
- Tax, wage and social debts -€19,701
down €19,701 (-35.3%), from €55,868 to €36,167
of which Remuneration and social security: -€10,953
- Accrued charges and deferred income +€8,744
new in 2025: €8,744
- Profit (loss) carried forward +€5,174
up €5,174, from -€4,630 to €543
- Other debts +€4,305
up €4,305 (+75.7%), from €5,688 to €9,992
- Short-term financial debts -€3,739
down €3,739 (-83.0%), from €4,505 to €766
- Gross operating margin -€36,165
down €36,165 (-37.9%), from €95,393 to €59,228
- Staff costs -€30,507
down €30,507 (-39.8%), from €76,586 to €46,079
- Financial charges -€9,711
down €9,711 (-68.0%), from €14,275 to €4,564
- Taxes +€1,271
up €1,271 (+3,588%), from €35 to €1,307
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 | €135,067 | €129,939 | -€5,128 | -3.8% |
| Fixed assets | 21/28 | €11,344 | €9,849 | -€1,495 | -13.2% |
| Intangible fixed assets | 21 | €9,613 | €9,613 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,731 | €235 | -€1,495 | -86.4% |
| Furniture and vehicles | 24 | €745 | €107 | -€638 | -85.7% |
| Other tangible fixed assets | 26 | €985 | €128 | -€857 | -87.0% |
| Current assets | 29/58 | €123,723 | €120,090 | -€3,632 | -2.9% |
| Stocks and contracts in progress | 3 | €92,477 | €99,164 | +€6,688 | +7.2% |
| Stocks | 30/36 | €92,477 | €99,164 | +€6,688 | +7.2% |
| Amounts receivable within one year | 40/41 | €3,479 | €1,500 | -€1,979 | -56.9% |
| Trade receivables | 40 | €1,563 | - | -€1,563 | |
| Other amounts receivable | 41 | €1,915 | €1,500 | -€415 | -21.7% |
| Cash at bank and in hand | 54/58 | €27,767 | €19,426 | -€8,341 | -30.0% |
| Total equity and liabilities | 10/49 | €135,067 | €129,939 | -€5,128 | -3.8% |
| Equity | 10/15 | €14,018 | €19,191 | +€5,174 | +36.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48 | €48 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48 | €48 | = | 0.0% |
| Reserves not available under the articles | 1311 | €48 | €48 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,630 | €543 | +€5,174 | |
| Amounts payable | 17/49 | €121,049 | €110,747 | -€10,301 | -8.5% |
| Amounts payable after more than one year | 17 | €766 | - | -€766 | |
| Financial debts | 170/4 | €766 | - | -€766 | |
| Amounts payable within one year | 42/48 | €120,283 | €102,003 | -€18,280 | -15.2% |
| Financial debts | 43 | €4,505 | €766 | -€3,739 | -83.0% |
| Credit institutions | 430/8 | €4,505 | €766 | -€3,739 | -83.0% |
| Trade debts | 44 | €54,222 | €55,078 | +€856 | +1.6% |
| Suppliers | 440/4 | €54,222 | €55,078 | +€856 | +1.6% |
| Taxes, remuneration and social security | 45 | €55,868 | €36,167 | -€19,701 | -35.3% |
| Taxes | 450/3 | €36,600 | €27,852 | -€8,747 | -23.9% |
| Remuneration and social security | 454/9 | €19,268 | €8,315 | -€10,953 | -56.8% |
| Other amounts payable | 47/48 | €5,688 | €9,992 | +€4,305 | +75.7% |
| Accrued charges and deferred income | 492/3 | - | €8,744 | +€8,744 | |
| Remuneration, social security and pensions | 62 | €76,586 | €46,079 | -€30,507 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €1,495 | -€115 | -7.1% |
| Other operating charges | 640/8 | €947 | €823 | -€125 | -13.2% |
| Gross operating margin | 9900 | €95,393 | €59,228 | -€36,165 | -37.9% |
| Operating profit (loss) | 9901 | €16,249 | €10,831 | -€5,418 | -33.3% |
| Financial income | 75/76B | €245 | €214 | -€32 | -13.0% |
| Recurring financial income | 75 | €245 | €214 | -€32 | -13.0% |
| Financial charges | 65/66B | €14,275 | €4,564 | -€9,711 | -68.0% |
| Recurring financial charges | 65 | €14,275 | €4,564 | -€9,711 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €2,219 | €6,480 | +€4,261 | +192% |
| Income taxes | 67/77 | €35 | €1,307 | +€1,271 | +3,588% |
| Profit (loss) for the period | 9904 | €2,184 | €5,174 | +€2,990 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €2,184 | €5,174 | +€2,990 | +137% |
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.