STUDIO HEYDAY: what changed
Two fiscal 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 HEYDAY
Largest movements
- Cash -€8,737
down €8,737 (-88.5%), from €9,872 to €1,135
mainly Net result for the year (-€9,020) and Other debts (-€3,047)
- Stocks and contracts -€5,324
down €5,324 (-26.8%), from €19,844 to €14,520
- Tangible fixed assets -€2,355
down €2,355 (-19.9%), from €11,815 to €9,460
of which Plant, machinery and equipment: -€1,379
- Receivables within one year +€1,118
up €1,118 (+39.4%), from €2,838 to €3,956
- Reserves -€9,020
down €9,020 (-85.0%), from €10,611 to €1,591
- Other debts -€3,047
down €3,047 (-46.9%), from €6,491 to €3,444
- Debts after one year -€1,279
no longer reported in 2025 (was €1,279)
- Accrued charges and deferred income -€838
no longer reported in 2025 (was €838)
- Current portion of long-term debt -€787
down €787 (-38.1%), from €2,067 to €1,279
- Gross operating margin -€6,689
down €6,689, from €3,531 to -€3,158
- Depreciation +€1,073
up €1,073 (+83.7%), from €1,282 to €2,355
- Other operating charges -€507
down €507 (-24.6%), from €2,066 to €1,559
- Financial income -€115
down €115 (-76.8%), from €149 to €35
- Financial charges -€42
down €42 (-2.2%), from €1,883 to €1,841
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 | €44,561 | €29,227 | -€15,334 | -34.4% |
| Fixed assets | 21/28 | €11,815 | €9,460 | -€2,355 | -19.9% |
| Tangible fixed assets | 22/27 | €11,815 | €9,460 | -€2,355 | -19.9% |
| Land and buildings | 22 | €4,713 | €4,234 | -€479 | -10.2% |
| Plant, machinery and equipment | 23 | €5,820 | €4,441 | -€1,379 | -23.7% |
| Furniture and vehicles | 24 | €439 | €297 | -€142 | -32.4% |
| Leasing and similar rights | 25 | €843 | €488 | -€355 | -42.1% |
| Current assets | 29/58 | €32,746 | €19,767 | -€12,979 | -39.6% |
| Stocks and contracts in progress | 3 | €19,844 | €14,520 | -€5,324 | -26.8% |
| Stocks | 30/36 | €19,844 | €14,520 | -€5,324 | -26.8% |
| Amounts receivable within one year | 40/41 | €2,838 | €3,956 | +€1,118 | +39.4% |
| Trade receivables | 40 | €2,838 | €3,956 | +€1,118 | +39.4% |
| Cash at bank and in hand | 54/58 | €9,872 | €1,135 | -€8,737 | -88.5% |
| Deferred charges and accrued income | 490/1 | €192 | €156 | -€36 | -18.8% |
| Total equity and liabilities | 10/49 | €44,561 | €29,227 | -€15,334 | -34.4% |
| Equity | 10/15 | €29,361 | €20,341 | -€9,020 | -30.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €10,611 | €1,591 | -€9,020 | -85.0% |
| Distributable reserves | 133 | €10,611 | €1,591 | -€9,020 | -85.0% |
| Amounts payable | 17/49 | €15,201 | €8,886 | -€6,314 | -41.5% |
| Amounts payable after more than one year | 17 | €1,279 | - | -€1,279 | |
| Financial debts | 170/4 | €1,279 | - | -€1,279 | |
| Amounts payable within one year | 42/48 | €13,083 | €8,886 | -€4,197 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €2,067 | €1,279 | -€787 | -38.1% |
| Trade debts | 44 | €2,798 | €2,613 | -€184 | -6.6% |
| Suppliers | 440/4 | €2,798 | €2,613 | -€184 | -6.6% |
| Taxes, remuneration and social security | 45 | €1,727 | €1,549 | -€178 | -10.3% |
| Taxes | 450/3 | €1,727 | €1,549 | -€178 | -10.3% |
| Other amounts payable | 47/48 | €6,491 | €3,444 | -€3,047 | -46.9% |
| Accrued charges and deferred income | 492/3 | €838 | - | -€838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €2,355 | +€1,073 | +83.7% |
| Other operating charges | 640/8 | €2,066 | €1,559 | -€507 | -24.6% |
| Gross operating margin | 9900 | €3,531 | -€3,158 | -€6,689 | |
| Operating profit (loss) | 9901 | €183 | -€7,072 | -€7,255 | |
| Financial income | 75/76B | €149 | €35 | -€115 | -76.8% |
| Recurring financial income | 75 | €149 | €35 | -€115 | -76.8% |
| Financial charges | 65/66B | €1,883 | €1,841 | -€42 | -2.2% |
| Recurring financial charges | 65 | €1,883 | €1,841 | -€42 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,551 | -€8,879 | -€7,327 | -472.3% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€1,691 | -€9,020 | -€7,329 | -433.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,691 | -€9,020 | -€7,329 | -433.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.