STUDIO GRAFFIX: 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 GRAFFIX
Largest movements
- Cash -€37,326
no longer reported in 2025 (was €37,326)
mainly Contributions, distributions and other (-€30,000) and Tax, wage and social debts (-€24,253)
- Tangible fixed assets -€8,046
down €8,046 (-4.0%), from €198,954 to €190,909
of which Furniture and vehicles: -€5,480
- Receivables within one year +€7,140
up €7,140 (+25.4%), from €28,103 to €35,243
of which Trade receivables: +€7,210
- Profit (loss) carried forward -€219,549
no longer reported in 2025 (was €219,549)
- Reserves +€199,789
up €199,789 (+274.0%), from €72,925 to €272,714
of which Distributable reserves: +€199,789
- Tax, wage and social debts -€24,253
down €24,253 (-64.2%), from €37,786 to €13,533
of which Taxes: -€22,638
- Short-term financial debts +€10,135
new in 2025: €10,135
- Gross operating margin +€28,433
up €28,433, from -€259 to €28,174
- Financial income -€2,948
down €2,948 (-62.0%), from €4,758 to €1,809
- Taxes +€1,966
up €1,966 (+75.5%), from €2,603 to €4,569
- Depreciation -€631
down €631 (-6.2%), from €10,205 to €9,574
- Financial charges -€525
down €525 (-16.6%), from €3,161 to €2,636
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 | €394,900 | €356,668 | -€38,232 | -9.7% |
| Fixed assets | 21/28 | €199,078 | €191,033 | -€8,046 | -4.0% |
| Tangible fixed assets | 22/27 | €198,954 | €190,909 | -€8,046 | -4.0% |
| Land and buildings | 22 | €186,549 | €186,354 | -€195 | -0.1% |
| Plant, machinery and equipment | 23 | €4,957 | €2,587 | -€2,370 | -47.8% |
| Furniture and vehicles | 24 | €7,448 | €1,968 | -€5,480 | -73.6% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €195,822 | €165,635 | -€30,186 | -15.4% |
| Amounts receivable within one year | 40/41 | €28,103 | €35,243 | +€7,140 | +25.4% |
| Trade receivables | 40 | €10,393 | €17,603 | +€7,210 | +69.4% |
| Other amounts receivable | 41 | €17,710 | €17,640 | -€70 | -0.4% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,326 | - | -€37,326 | |
| Deferred charges and accrued income | 490/1 | €30,392 | €30,392 | = | 0.0% |
| Total equity and liabilities | 10/49 | €394,900 | €356,668 | -€38,232 | -9.7% |
| Equity | 10/15 | €333,376 | €313,616 | -€19,759 | -5.9% |
| Contributions | 10/11 | €40,902 | €40,902 | = | 0.0% |
| Reserves | 13 | €72,925 | €272,714 | +€199,789 | +274.0% |
| Tax-exempt reserves | 132 | €12,925 | €12,925 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €259,789 | +€199,789 | +333.0% |
| Profit (loss) carried forward | 14 | €219,549 | - | -€219,549 | |
| Amounts payable | 17/49 | €61,524 | €43,052 | -€18,473 | -30.0% |
| Amounts payable within one year | 42/48 | €61,524 | €43,052 | -€18,473 | -30.0% |
| Financial debts | 43 | - | €10,135 | +€10,135 | |
| Credit institutions | 430/8 | - | €10,135 | +€10,135 | |
| Trade debts | 44 | €22,017 | €18,267 | -€3,751 | -17.0% |
| Suppliers | 440/4 | €22,017 | €18,267 | -€3,751 | -17.0% |
| Taxes, remuneration and social security | 45 | €37,786 | €13,533 | -€24,253 | -64.2% |
| Taxes | 450/3 | €32,557 | €9,919 | -€22,638 | -69.5% |
| Remuneration and social security | 454/9 | €5,229 | €3,614 | -€1,615 | -30.9% |
| Other amounts payable | 47/48 | €1,721 | €1,117 | -€605 | -35.1% |
| Non-recurring operating income | 76A | - | €539 | +€539 | |
| Remuneration, social security and pensions | 62 | €745 | €912 | +€167 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,205 | €9,574 | -€631 | -6.2% |
| Other operating charges | 640/8 | €1,975 | €2,052 | +€77 | +3.9% |
| Gross operating margin | 9900 | -€259 | €28,174 | +€28,433 | |
| Operating profit (loss) | 9901 | -€13,185 | €15,636 | +€28,821 | |
| Financial income | 75/76B | €4,758 | €1,809 | -€2,948 | -62.0% |
| Recurring financial income | 75 | €4,758 | €1,809 | -€2,948 | -62.0% |
| Financial charges | 65/66B | €3,161 | €2,636 | -€525 | -16.6% |
| Recurring financial charges | 65 | €3,161 | €2,636 | -€525 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,588 | €14,809 | +€26,398 | |
| Income taxes | 67/77 | €2,603 | €4,569 | +€1,966 | +75.5% |
| Profit (loss) for the period | 9904 | -€14,192 | €10,241 | +€24,432 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,192 | €10,241 | +€24,432 |
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 6 October 2026 via checked.be.