STUDIO GROUP: 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 GROUP
Largest movements
- Financial fixed assets +€525,293
up €525,293 (+4.8%), from €11.0m to €11.5m
- Receivables within one year +€353,770
up €353,770 (+10.9%), from €3.2m to €3.6m
- Other debts +€306,350
up €306,350 (+6.1%), from €5.0m to €5.3m
- Profit (loss) carried forward +€278,946
up €278,946 (+21.3%), from €1.3m to €1.6m
- Debts after one year +€169,376
up €169,376 (+51.7%), from €327,763 to €497,140
- Financial income +€22,421
up €22,421 (+4.1%), from €550,000 to €572,421
- Gross operating margin +€739
up €739 (+24.7%), from -€2,985 to -€2,247
- Financial charges +€206
up €206 (+1.4%), from €14,949 to €15,155
- Other operating charges -€47
down €47 (-4.2%), from €1,120 to €1,073
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 | €14,303,633 | €15,167,373 | +€863,739 | +6.0% |
| Fixed assets | 21/28 | €10,976,675 | €11,501,969 | +€525,293 | +4.8% |
| Financial fixed assets | 28 | €10,976,675 | €11,501,969 | +€525,293 | +4.8% |
| Current assets | 29/58 | €3,326,958 | €3,665,404 | +€338,446 | +10.2% |
| Amounts receivable within one year | 40/41 | €3,246,134 | €3,599,904 | +€353,770 | +10.9% |
| Other amounts receivable | 41 | €3,246,134 | €3,599,904 | +€353,770 | +10.9% |
| Cash at bank and in hand | 54/58 | €80,824 | €65,500 | -€15,324 | -19.0% |
| Total equity and liabilities | 10/49 | €14,303,633 | €15,167,373 | +€863,739 | +6.0% |
| Equity | 10/15 | €8,735,620 | €9,014,566 | +€278,946 | +3.2% |
| Contributions | 10/11 | €7,425,000 | €7,425,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,310,620 | €1,589,566 | +€278,946 | +21.3% |
| Amounts payable | 17/49 | €5,568,013 | €6,152,806 | +€584,793 | +10.5% |
| Amounts payable after more than one year | 17 | €327,763 | €497,140 | +€169,376 | +51.7% |
| Financial debts | 170/4 | €327,763 | €497,140 | +€169,376 | +51.7% |
| Amounts payable within one year | 42/48 | €5,240,250 | €5,655,666 | +€415,416 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €234,279 | €308,288 | +€74,009 | +31.6% |
| Trade debts | 44 | €1,996 | €3,161 | +€1,165 | +58.4% |
| Suppliers | 440/4 | €1,996 | €3,161 | +€1,165 | +58.4% |
| Taxes, remuneration and social security | 45 | €22,375 | €56,267 | +€33,892 | +151% |
| Taxes | 450/3 | €22,375 | €56,267 | +€33,892 | +151% |
| Other amounts payable | 47/48 | €4,981,600 | €5,287,950 | +€306,350 | +6.1% |
| Other operating charges | 640/8 | €1,120 | €1,073 | -€47 | -4.2% |
| Gross operating margin | 9900 | -€2,985 | -€2,247 | +€739 | +24.7% |
| Operating profit (loss) | 9901 | -€4,105 | -€3,320 | +€785 | +19.1% |
| Financial income | 75/76B | €550,000 | €572,421 | +€22,421 | +4.1% |
| Recurring financial income | 75 | €550,000 | €572,421 | +€22,421 | +4.1% |
| Financial charges | 65/66B | €14,949 | €15,155 | +€206 | +1.4% |
| Recurring financial charges | 65 | €14,949 | €15,155 | +€206 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €530,946 | €553,946 | +€23,001 | +4.3% |
| Profit (loss) for the period | 9904 | €530,946 | €553,946 | +€23,001 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €530,946 | €553,946 | +€23,001 | +4.3% |
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 14 October 2026 via checked.be.