STUDIO HERREBOSCH: 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 HERREBOSCH
Largest movements
- Cash -€71,740
down €71,740 (-79.9%), from €89,792 to €18,052
mainly Contributions, distributions and other (-€156,585) and Tax, wage and social debts (-€1,943)
- Reserves -€100,685
no longer reported in 2025 (was €100,685)
- Other debts +€25,336
up €25,336 (+73.8%), from €34,345 to €59,680
- Trade debts +€3,333
up €3,333 (+252%), from €1,325 to €4,657
- Tax, wage and social debts -€1,943
down €1,943 (-17.2%), from €11,265 to €9,322
- Gross operating margin +€8,982
up €8,982 (+13.5%), from €66,650 to €75,633
- Taxes +€2,151
up €2,151 (+16.9%), from €12,753 to €14,904
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 | €169,992 | €95,633 | -€74,358 | -43.7% |
| Fixed assets | 21/28 | €15,107 | €14,361 | -€746 | -4.9% |
| Tangible fixed assets | 22/27 | €15,107 | €14,361 | -€746 | -4.9% |
| Furniture and vehicles | 24 | €4,169 | €4,941 | +€772 | +18.5% |
| Other tangible fixed assets | 26 | €10,939 | €9,420 | -€1,518 | -13.9% |
| Current assets | 29/58 | €154,885 | €81,272 | -€73,612 | -47.5% |
| Amounts receivable within one year | 40/41 | €63,928 | €63,220 | -€708 | -1.1% |
| Trade receivables | 40 | €54,164 | €58,348 | +€4,184 | +7.7% |
| Other amounts receivable | 41 | €9,764 | €4,872 | -€4,892 | -50.1% |
| Cash at bank and in hand | 54/58 | €89,792 | €18,052 | -€71,740 | -79.9% |
| Deferred charges and accrued income | 490/1 | €1,165 | - | -€1,165 | |
| Total equity and liabilities | 10/49 | €169,992 | €95,633 | -€74,358 | -43.7% |
| Equity | 10/15 | €119,288 | €18,601 | -€100,687 | -84.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,685 | - | -€100,685 | |
| Distributable reserves | 133 | €100,685 | - | -€100,685 | |
| Profit (loss) carried forward | 14 | €3 | €1 | -€2 | -82.7% |
| Amounts payable | 17/49 | €50,704 | €77,033 | +€26,329 | +51.9% |
| Amounts payable within one year | 42/48 | €50,322 | €77,033 | +€26,711 | +53.1% |
| Financial debts | 43 | €3,388 | €3,373 | -€14 | -0.4% |
| Credit institutions | 430/8 | €3,388 | €3,373 | -€14 | -0.4% |
| Trade debts | 44 | €1,325 | €4,657 | +€3,333 | +252% |
| Suppliers | 440/4 | €1,325 | €4,657 | +€3,333 | +252% |
| Taxes, remuneration and social security | 45 | €11,265 | €9,322 | -€1,943 | -17.2% |
| Taxes | 450/3 | €11,265 | €9,322 | -€1,943 | -17.2% |
| Other amounts payable | 47/48 | €34,345 | €59,680 | +€25,336 | +73.8% |
| Accrued charges and deferred income | 492/3 | €382 | - | -€382 | |
| Non-recurring operating income | 76A | - | €3,307 | +€3,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,937 | €2,689 | -€248 | -8.4% |
| Other operating charges | 640/8 | €817 | €557 | -€260 | -31.8% |
| Gross operating margin | 9900 | €66,650 | €75,633 | +€8,982 | +13.5% |
| Operating profit (loss) | 9901 | €62,896 | €72,387 | +€9,490 | +15.1% |
| Financial income | 75/76B | €418 | €484 | +€65 | +15.7% |
| Recurring financial income | 75 | €418 | €484 | +€65 | +15.7% |
| Financial charges | 65/66B | €2,695 | €2,069 | -€626 | -23.2% |
| Recurring financial charges | 65 | €2,695 | €2,069 | -€626 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €60,620 | €70,801 | +€10,182 | +16.8% |
| Income taxes | 67/77 | €12,753 | €14,904 | +€2,151 | +16.9% |
| Profit (loss) for the period | 9904 | €47,866 | €55,898 | +€8,031 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,866 | €55,898 | +€8,031 | +16.8% |
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 22 October 2026 via checked.be.