Studio Holding: 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 Holding
Largest movements
- Receivables within one year +€4,491
up €4,491 (+37.2%), from €12,066 to €16,558
of which Other amounts receivable: +€3,522
- Cash -€1,629
down €1,629 (-18.7%), from €8,733 to €7,104
mainly Net result for the year (-€5,882) and Receivables within one year (-€4,491)
- Tangible fixed assets -€1,119
down €1,119 (-34.2%), from €3,276 to €2,157
of which Plant, machinery and equipment: -€872
- Financial fixed assets +€351
new in 2025: €351
- Reserves -€5,882
down €5,882 (-50.7%), from €11,610 to €5,728
- Tax, wage and social debts +€5,590
up €5,590 (+124.1%), from €4,504 to €10,094
of which Taxes: +€5,590
- Trade debts +€2,386
up €2,386 (+143.6%), from €1,662 to €4,048
- Gross operating margin -€20,440
down €20,440, from €18,532 to -€1,908
- Taxes -€2,879
down €2,879 (-55.4%), from €5,200 to €2,321
- Depreciation -€282
down €282 (-20.1%), from €1,401 to €1,119
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 | €24,075 | €26,170 | +€2,094 | +8.7% |
| Fixed assets | 21/28 | €3,276 | €2,508 | -€768 | -23.4% |
| Tangible fixed assets | 22/27 | €3,276 | €2,157 | -€1,119 | -34.2% |
| Plant, machinery and equipment | 23 | €3,029 | €2,157 | -€872 | -28.8% |
| Furniture and vehicles | 24 | €247 | €0 | -€247 | -100.0% |
| Financial fixed assets | 28 | - | €351 | +€351 | |
| Current assets | 29/58 | €20,799 | €23,661 | +€2,862 | +13.8% |
| Amounts receivable within one year | 40/41 | €12,066 | €16,558 | +€4,491 | +37.2% |
| Trade receivables | 40 | €7,270 | €8,239 | +€969 | +13.3% |
| Other amounts receivable | 41 | €4,797 | €8,319 | +€3,522 | +73.4% |
| Cash at bank and in hand | 54/58 | €8,733 | €7,104 | -€1,629 | -18.7% |
| Total equity and liabilities | 10/49 | €24,075 | €26,170 | +€2,094 | +8.7% |
| Equity | 10/15 | €17,910 | €12,028 | -€5,882 | -32.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €11,610 | €5,728 | -€5,882 | -50.7% |
| Distributable reserves | 133 | €11,610 | €5,728 | -€5,882 | -50.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,166 | €14,142 | +€7,976 | +129.4% |
| Amounts payable within one year | 42/48 | €6,166 | €14,142 | +€7,976 | +129.4% |
| Trade debts | 44 | €1,662 | €4,048 | +€2,386 | +143.6% |
| Suppliers | 440/4 | €1,662 | €4,048 | +€2,386 | +143.6% |
| Taxes, remuneration and social security | 45 | €4,504 | €10,094 | +€5,590 | +124.1% |
| Taxes | 450/3 | €4,504 | €10,094 | +€5,590 | +124.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €1,119 | -€282 | -20.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €18,532 | -€1,908 | -€20,440 | |
| Operating profit (loss) | 9901 | €16,626 | -€3,546 | -€20,172 | |
| Financial income | 75/76B | €202 | €345 | +€144 | +71.2% |
| Recurring financial income | 75 | €202 | €345 | +€144 | +71.2% |
| Financial charges | 65/66B | €385 | €359 | -€26 | -6.8% |
| Recurring financial charges | 65 | €385 | €359 | -€26 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €16,442 | -€3,561 | -€20,003 | |
| Income taxes | 67/77 | €5,200 | €2,321 | -€2,879 | -55.4% |
| Profit (loss) for the period | 9904 | €11,242 | -€5,882 | -€17,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,242 | -€5,882 | -€17,124 |
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 6 October 2026 via checked.be.