STUDIO-HOME: 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.
What changed
STUDIO-HOME
NACE 55.900, Accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€88,410
2024 · €12,993+€75,417
Equity
€1.7m
2024 · €1.6m+€88,410
Cash
€58,540
2024 · €46,770+€11,771
Balance sheet total
€4.3m
2024 · €4.5m-€217,587
Largest movements
Assets
- Tangible fixed assets -€229,056
down €229,056 (-5.1%), from €4.4m to €4.2m
of which Other tangible fixed assets: -€916,353
Equity and liabilities
- Debts after one year -€418,632
down €418,632 (-25.3%), from €1.7m to €1.2m
of which Financial debts: -€411,497
- Other debts +€88,729
up €88,729 (+11.5%), from €770,186 to €858,915
- Profit (loss) carried forward +€88,410
up €88,410 (+8.8%), from €1.0m to €1.1m
Income statement
- Gross operating margin +€85,709
up €85,709 (+18.1%), from €472,828 to €558,537
- Taxes +€20,156
up €20,156 (+122%), from €16,588 to €36,744
- Staff costs +€15,205
new in 2025: €15,205
- Depreciation -€13,626
down €13,626 (-4.0%), from €338,188 to €324,563
- Financial charges -€11,005
down €11,005 (-18.4%), from €59,664 to €48,659
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.
Result 2024
€12,993
Gross operating margin
+€85,709
Staff costs
-€15,205
Depreciation
+€13,626
Other operating charges
+€409
Financial income
+€31
Financial charges
+€11,005
Taxes
-€20,156
Result 2025
€88,410
raises the resultlowers the result
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.
From operations
+€530,802
Investment
-€95,507
Financing
-€423,525
Cash 2024
€46,770
From operations (derived)
+€530,802
Net result for the year
+€88,410
Depreciation
+€324,563
Receivables within one year
-€3,006
Deferred charges and accrued income
+€3,308
Trade debts
-€8,825
Tax, wage and social debts
+€23,099
Other debts
+€88,729
Accrued charges and deferred income
+€14,525
Investment (derived)
-€95,507
Investment in fixed assets (net)
-€95,507
Financing
-€423,525
Debts after one year
-€418,632
Current portion of long-term debt
-€4,893
Cash 2025
€58,540
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,499,986 | €4,282,399 | -€217,587 | -4.8% |
| Fixed assets | 21/28 | €4,448,621 | €4,219,565 | -€229,056 | -5.1% |
| Tangible fixed assets | 22/27 | €4,448,621 | €4,219,565 | -€229,056 | -5.1% |
| Land and buildings | 22 | €3,249,340 | €3,945,643 | +€696,303 | +21.4% |
| Plant, machinery and equipment | 23 | €12,700 | - | -€12,700 | |
| Furniture and vehicles | 24 | €7,731 | €11,425 | +€3,694 | +47.8% |
| Other tangible fixed assets | 26 | €1,178,851 | €262,497 | -€916,353 | -77.7% |
| Current assets | 29/58 | €51,365 | €62,834 | +€11,469 | +22.3% |
| Amounts receivable within one year | 40/41 | - | €3,006 | +€3,006 | |
| Trade receivables | 40 | - | €3,006 | +€3,006 | |
| Cash at bank and in hand | 54/58 | €46,770 | €58,540 | +€11,771 | +25.2% |
| Deferred charges and accrued income | 490/1 | €4,595 | €1,287 | -€3,308 | -72.0% |
| Total equity and liabilities | 10/49 | €4,499,986 | €4,282,399 | -€217,587 | -4.8% |
| Equity | 10/15 | €1,623,223 | €1,711,633 | +€88,410 | +5.4% |
| Contributions | 10/11 | €490,000 | €490,000 | = | 0.0% |
| Capital | 10 | €490,000 | €490,000 | = | 0.0% |
| Issued capital | 100 | €490,000 | €490,000 | = | 0.0% |
| Reserves | 13 | €126,900 | €126,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,000 | €49,000 | = | 0.0% |
| Legal reserve | 130 | €49,000 | €49,000 | = | 0.0% |
| Distributable reserves | 133 | €77,900 | €77,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,006,323 | €1,094,733 | +€88,410 | +8.8% |
| Amounts payable | 17/49 | €2,876,763 | €2,570,766 | -€305,997 | -10.6% |
| Amounts payable after more than one year | 17 | €1,656,295 | €1,237,663 | -€418,632 | -25.3% |
| Financial debts | 170/4 | €1,413,893 | €1,002,396 | -€411,497 | -29.1% |
| Other amounts payable | 178/9 | €242,402 | €235,267 | -€7,135 | -2.9% |
| Amounts payable within one year | 42/48 | €1,218,533 | €1,316,643 | +€98,110 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €416,390 | €411,497 | -€4,893 | -1.2% |
| Trade debts | 44 | €16,278 | €7,453 | -€8,825 | -54.2% |
| Suppliers | 440/4 | €16,278 | €7,453 | -€8,825 | -54.2% |
| Taxes, remuneration and social security | 45 | €15,680 | €38,779 | +€23,099 | +147% |
| Taxes | 450/3 | €15,680 | €36,753 | +€21,073 | +134% |
| Remuneration and social security | 454/9 | - | €2,026 | +€2,026 | |
| Other amounts payable | 47/48 | €770,186 | €858,915 | +€88,729 | +11.5% |
| Accrued charges and deferred income | 492/3 | €1,935 | €16,460 | +€14,525 | +751% |
| Remuneration, social security and pensions | 62 | - | €15,205 | +€15,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338,188 | €324,563 | -€13,626 | -4.0% |
| Other operating charges | 640/8 | €45,439 | €45,031 | -€409 | -0.9% |
| Gross operating margin | 9900 | €472,828 | €558,537 | +€85,709 | +18.1% |
| Operating profit (loss) | 9901 | €89,200 | €173,738 | +€84,538 | +94.8% |
| Financial income | 75/76B | €44 | €75 | +€31 | +69.8% |
| Recurring financial income | 75 | €44 | €75 | +€31 | +69.8% |
| Financial charges | 65/66B | €59,664 | €48,659 | -€11,005 | -18.4% |
| Recurring financial charges | 65 | €59,664 | €48,659 | -€11,005 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €29,581 | €125,154 | +€95,574 | +323% |
| Income taxes | 67/77 | €16,588 | €36,744 | +€20,156 | +122% |
| Profit (loss) for the period | 9904 | €12,993 | €88,410 | +€75,417 | +580% |
| Profit (loss) for the period to be appropriated | 9905 | €12,993 | €88,410 | +€75,417 | +580% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.