Studio Groen: 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 Groen
Largest movements
- Cash +€85,992
up €85,992 (+1520.7%), from €5,655 to €91,647
mainly Other debts (+€42,168) and Net result for the year (+€36,682)
- Receivables within one year -€34,104
down €34,104 (-52.4%), from €65,137 to €31,033
of which Other amounts receivable: -€38,372
- Tangible fixed assets -€24,292
down €24,292 (-31.1%), from €78,008 to €53,716
of which Leasing and similar rights: -€22,104
- Other debts +€42,168
up €42,168 (+62.9%), from €67,062 to €109,230
- Trade debts +€18,585
up €18,585 (+314.1%), from €5,917 to €24,502
- Profit (loss) carried forward -€16,594
no longer reported in 2025 (was €16,594)
- Debts after one year -€16,110
down €16,110 (-54.9%), from €29,332 to €13,222
- Tax, wage and social debts +€4,498
up €4,498 (+72.2%), from €6,232 to €10,731
- Gross operating margin +€30,853
up €30,853 (+59.9%), from €51,490 to €82,343
- Depreciation +€6,676
up €6,676 (+29.1%), from €22,981 to €29,657
- Taxes +€3,626
up €3,626 (+52.5%), from €6,911 to €10,537
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 | €149,440 | €178,088 | +€28,648 | +19.2% |
| Fixed assets | 21/28 | €78,648 | €53,756 | -€24,892 | -31.6% |
| Tangible fixed assets | 22/27 | €78,008 | €53,716 | -€24,292 | -31.1% |
| Plant, machinery and equipment | 23 | €2,173 | €914 | -€1,260 | -58.0% |
| Furniture and vehicles | 24 | €8,648 | €8,845 | +€197 | +2.3% |
| Leasing and similar rights | 25 | €58,635 | €36,530 | -€22,104 | -37.7% |
| Other tangible fixed assets | 26 | €8,552 | €7,427 | -€1,125 | -13.2% |
| Financial fixed assets | 28 | €640 | €40 | -€600 | -93.8% |
| Current assets | 29/58 | €70,792 | €124,332 | +€53,540 | +75.6% |
| Amounts receivable within one year | 40/41 | €65,137 | €31,033 | -€34,104 | -52.4% |
| Trade receivables | 40 | €12,439 | €16,707 | +€4,267 | +34.3% |
| Other amounts receivable | 41 | €52,698 | €14,326 | -€38,372 | -72.8% |
| Cash at bank and in hand | 54/58 | €5,655 | €91,647 | +€85,992 | +1520.7% |
| Deferred charges and accrued income | 490/1 | - | €1,652 | +€1,652 | |
| Total equity and liabilities | 10/49 | €149,440 | €178,088 | +€28,648 | +19.2% |
| Equity | 10/15 | €20,594 | €4,082 | -€16,512 | -80.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €82 | +€82 | |
| Distributable reserves | 133 | - | €82 | +€82 | |
| Profit (loss) carried forward | 14 | €16,594 | - | -€16,594 | |
| Amounts payable | 17/49 | €128,847 | €174,006 | +€45,160 | +35.0% |
| Amounts payable after more than one year | 17 | €29,332 | €13,222 | -€16,110 | -54.9% |
| Financial debts | 170/4 | €29,332 | €13,222 | -€16,110 | -54.9% |
| Amounts payable within one year | 42/48 | €99,514 | €160,784 | +€61,270 | +61.6% |
| Current portion of amounts payable after more than one year | 42 | €20,303 | €16,321 | -€3,982 | -19.6% |
| Trade debts | 44 | €5,917 | €24,502 | +€18,585 | +314.1% |
| Suppliers | 440/4 | €5,917 | €24,502 | +€18,585 | +314.1% |
| Taxes, remuneration and social security | 45 | €6,232 | €10,731 | +€4,498 | +72.2% |
| Taxes | 450/3 | €6,232 | €10,731 | +€4,498 | +72.2% |
| Other amounts payable | 47/48 | €67,062 | €109,230 | +€42,168 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,981 | €29,657 | +€6,676 | +29.1% |
| Other operating charges | 640/8 | €4,709 | €4,140 | -€569 | -12.1% |
| Gross operating margin | 9900 | €51,490 | €82,343 | +€30,853 | +59.9% |
| Operating profit (loss) | 9901 | €23,800 | €48,546 | +€24,746 | +104.0% |
| Financial income | 75/76B | €1 | €4 | +€2 | +196.1% |
| Recurring financial income | 75 | €1 | €4 | +€2 | +196.1% |
| Financial charges | 65/66B | €1,168 | €1,330 | +€163 | +13.9% |
| Recurring financial charges | 65 | €1,168 | €1,330 | +€163 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €22,634 | €47,219 | +€24,586 | +108.6% |
| Income taxes | 67/77 | €6,911 | €10,537 | +€3,626 | +52.5% |
| Profit (loss) for the period | 9904 | €15,722 | €36,682 | +€20,960 | +133.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,722 | €36,682 | +€20,960 | +133.3% |
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 11 October 2026 via checked.be.