STUDIO HELEEN: 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 HELEEN
Largest movements
- Cash +€7,716
up €7,716 (+64.9%), from €11,898 to €19,613
mainly Net result for the year (+€8,668) and Other debts (+€1,347)
- Tangible fixed assets +€2,949
new in 2025: €2,949
of which Other tangible fixed assets: +€1,913
- Reserves +€7,835
up €7,835 (+140%), from €5,578 to €13,413
- Other debts +€1,347
up €1,347 (+153%), from €879 to €2,225
- Trade debts +€907
up €907 (+104%), from €869 to €1,776
- Tax, wage and social debts +€771
up €771 (+10.3%), from €7,483 to €8,254
- Gross operating margin +€3,697
up €3,697 (+34.4%), from €10,760 to €14,457
- Other operating charges +€1,003
up €1,003 (+1,618%), from €62 to €1,065
- Depreciation -€943
down €943 (-75.2%), from €1,254 to €311
- Financial charges +€881
up €881 (+7,236%), from €12 to €893
- Taxes +€584
up €584 (+19.5%), from €2,994 to €3,578
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 | €19,809 | €30,740 | +€10,931 | +55.2% |
| Fixed assets | 21/28 | - | €2,949 | +€2,949 | |
| Tangible fixed assets | 22/27 | - | €2,949 | +€2,949 | |
| Furniture and vehicles | 24 | - | €1,036 | +€1,036 | |
| Other tangible fixed assets | 26 | - | €1,913 | +€1,913 | |
| Current assets | 29/58 | €19,809 | €27,791 | +€7,981 | +40.3% |
| Amounts receivable within one year | 40/41 | €7,912 | €8,177 | +€266 | +3.4% |
| Trade receivables | 40 | €7,912 | €6,256 | -€1,656 | -20.9% |
| Other amounts receivable | 41 | - | €1,922 | +€1,922 | |
| Cash at bank and in hand | 54/58 | €11,898 | €19,613 | +€7,716 | +64.9% |
| Total equity and liabilities | 10/49 | €19,809 | €30,740 | +€10,931 | +55.2% |
| Equity | 10/15 | €10,578 | €18,413 | +€7,835 | +74.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,578 | €13,413 | +€7,835 | +140% |
| Distributable reserves | 133 | €5,578 | €13,413 | +€7,835 | +140% |
| Amounts payable | 17/49 | €9,231 | €12,327 | +€3,096 | +33.5% |
| Amounts payable within one year | 42/48 | €9,231 | €12,327 | +€3,096 | +33.5% |
| Financial debts | 43 | - | €71 | +€71 | |
| Credit institutions | 430/8 | - | €71 | +€71 | |
| Trade debts | 44 | €869 | €1,776 | +€907 | +104% |
| Suppliers | 440/4 | €869 | €1,776 | +€907 | +104% |
| Taxes, remuneration and social security | 45 | €7,483 | €8,254 | +€771 | +10.3% |
| Taxes | 450/3 | €7,483 | €8,254 | +€771 | +10.3% |
| Other amounts payable | 47/48 | €879 | €2,225 | +€1,347 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,254 | €311 | -€943 | -75.2% |
| Other operating charges | 640/8 | €62 | €1,065 | +€1,003 | +1,618% |
| Gross operating margin | 9900 | €10,760 | €14,457 | +€3,697 | +34.4% |
| Operating profit (loss) | 9901 | €9,443 | €13,081 | +€3,638 | +38.5% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €12 | €893 | +€881 | +7,236% |
| Recurring financial charges | 65 | €12 | €893 | +€881 | +7,236% |
| Profit (loss) for the period before taxes | 9903 | €9,431 | €12,246 | +€2,815 | +29.8% |
| Income taxes | 67/77 | €2,994 | €3,578 | +€584 | +19.5% |
| Profit (loss) for the period | 9904 | €6,437 | €8,668 | +€2,230 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,437 | €8,668 | +€2,230 | +34.6% |
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 20 October 2026 via checked.be.