Studio Henri: 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 Henri
Largest movements
- Tangible fixed assets -€14,427
down €14,427 (-3.5%), from €410,557 to €396,129
of which Land and buildings: -€10,495
- Cash -€5,871
down €5,871 (-19.1%), from €30,711 to €24,840
mainly Debts after one year (-€37,307) and Tax, wage and social debts (-€3,086)
- Debts after one year -€37,307
down €37,307 (-10.7%), from €348,103 to €310,796
- Depreciation -€30,421
down €30,421 (-64.8%), from €46,967 to €16,546
- Gross operating margin -€23,411
down €23,411 (-35.9%), from €65,285 to €41,873
- Staff costs +€3,205
new in 2025: €3,205
- Taxes +€1,205
up €1,205 (+37.3%), from €3,227 to €4,432
- Other operating charges -€988
down €988 (-31.0%), from €3,183 to €2,195
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 | €488,137 | €459,641 | -€28,496 | -5.8% |
| Fixed assets | 21/28 | €410,557 | €396,129 | -€14,427 | -3.5% |
| Tangible fixed assets | 22/27 | €410,557 | €396,129 | -€14,427 | -3.5% |
| Land and buildings | 22 | €399,604 | €389,109 | -€10,495 | -2.6% |
| Plant, machinery and equipment | 23 | €1,747 | €1,147 | -€600 | -34.3% |
| Furniture and vehicles | 24 | €9,205 | €5,873 | -€3,332 | -36.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €77,580 | €63,512 | -€14,068 | -18.1% |
| Amounts receivable within one year | 40/41 | €40,467 | €36,172 | -€4,295 | -10.6% |
| Trade receivables | 40 | €39,220 | €35,418 | -€3,802 | -9.7% |
| Other amounts receivable | 41 | €1,246 | €754 | -€492 | -39.5% |
| Cash at bank and in hand | 54/58 | €30,711 | €24,840 | -€5,871 | -19.1% |
| Deferred charges and accrued income | 490/1 | €6,402 | €2,500 | -€3,902 | -61.0% |
| Total equity and liabilities | 10/49 | €488,137 | €459,641 | -€28,496 | -5.8% |
| Equity | 10/15 | €50,964 | €55,391 | +€4,426 | +8.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €49,964 | €54,391 | +€4,426 | +8.9% |
| Distributable reserves | 133 | €49,964 | €54,391 | +€4,426 | +8.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €437,172 | €404,250 | -€32,922 | -7.5% |
| Amounts payable after more than one year | 17 | €348,103 | €310,796 | -€37,307 | -10.7% |
| Financial debts | 170/4 | €348,103 | €310,796 | -€37,307 | -10.7% |
| Amounts payable within one year | 42/48 | €87,408 | €91,794 | +€4,385 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €36,356 | €37,307 | +€951 | +2.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,981 | €11,708 | +€4,728 | +67.7% |
| Suppliers | 440/4 | €6,981 | €11,708 | +€4,728 | +67.7% |
| Taxes, remuneration and social security | 45 | €13,408 | €10,322 | -€3,086 | -23.0% |
| Taxes | 450/3 | €13,408 | €10,322 | -€3,086 | -23.0% |
| Other amounts payable | 47/48 | €30,664 | €32,456 | +€1,793 | +5.8% |
| Accrued charges and deferred income | 492/3 | €1,660 | €1,660 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €3,205 | +€3,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,967 | €16,546 | -€30,421 | -64.8% |
| Other operating charges | 640/8 | €3,183 | €2,195 | -€988 | -31.0% |
| Gross operating margin | 9900 | €65,285 | €41,873 | -€23,411 | -35.9% |
| Operating profit (loss) | 9901 | €15,135 | €19,928 | +€4,793 | +31.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,907 | €11,069 | -€838 | -7.0% |
| Recurring financial charges | 65 | €11,907 | €11,069 | -€838 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €3,227 | €8,859 | +€5,631 | +174.5% |
| Income taxes | 67/77 | €3,227 | €4,432 | +€1,205 | +37.3% |
| Profit (loss) for the period | 9904 | €0 | €4,426 | +€4,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €4,426 | +€4,426 |
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 12 October 2026 via checked.be.