STUDIO KUSTO: 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 KUSTO
Largest movements
- Cash -€2,902
down €2,902 (-17.4%), from €16,644 to €13,742
mainly Other debts (-€4,377) and Tax, wage and social debts (-€2,568)
- Tangible fixed assets -€816
down €816 (-36.0%), from €2,269 to €1,453
of which Furniture and vehicles: -€744
- Receivables within one year +€501
up €501 (+4.7%), from €10,744 to €11,245
of which Other amounts receivable: +€5,603
- Profit (loss) carried forward +€4,450
up €4,450 (+78.5%), from €5,669 to €10,118
- Other debts -€4,377
down €4,377 (-30.1%), from €14,556 to €10,180
- Tax, wage and social debts -€2,568
down €2,568 (-43.9%), from €5,854 to €3,286
- Trade debts -€723
down €723 (-34.8%), from €2,078 to €1,355
- Gross operating margin +€4,659
up €4,659 (+125.0%), from €3,727 to €8,386
- Taxes +€796
up €796 (+49.7%), from €1,601 to €2,397
- Financial charges +€660
up €660 (+680.9%), from €97 to €757
- Depreciation +€596
up €596 (+319.0%), from €187 to €783
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 | €29,657 | €26,439 | -€3,218 | -10.8% |
| Fixed assets | 21/28 | €2,269 | €1,453 | -€816 | -36.0% |
| Tangible fixed assets | 22/27 | €2,269 | €1,453 | -€816 | -36.0% |
| Plant, machinery and equipment | 23 | €264 | €191 | -€73 | -27.6% |
| Furniture and vehicles | 24 | €2,005 | €1,262 | -€744 | -37.1% |
| Current assets | 29/58 | €27,388 | €24,987 | -€2,401 | -8.8% |
| Amounts receivable within one year | 40/41 | €10,744 | €11,245 | +€501 | +4.7% |
| Trade receivables | 40 | €7,345 | €2,243 | -€5,102 | -69.5% |
| Other amounts receivable | 41 | €3,399 | €9,002 | +€5,603 | +164.8% |
| Cash at bank and in hand | 54/58 | €16,644 | €13,742 | -€2,902 | -17.4% |
| Total equity and liabilities | 10/49 | €29,657 | €26,439 | -€3,218 | -10.8% |
| Equity | 10/15 | €7,169 | €11,618 | +€4,450 | +62.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,669 | €10,118 | +€4,450 | +78.5% |
| Amounts payable | 17/49 | €22,488 | €14,821 | -€7,667 | -34.1% |
| Amounts payable within one year | 42/48 | €22,488 | €14,821 | -€7,667 | -34.1% |
| Trade debts | 44 | €2,078 | €1,355 | -€723 | -34.8% |
| Suppliers | 440/4 | €2,078 | €1,355 | -€723 | -34.8% |
| Taxes, remuneration and social security | 45 | €5,854 | €3,286 | -€2,568 | -43.9% |
| Taxes | 450/3 | €5,854 | €3,286 | -€2,568 | -43.9% |
| Other amounts payable | 47/48 | €14,556 | €10,180 | -€4,377 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €783 | +€596 | +319.0% |
| Gross operating margin | 9900 | €3,727 | €8,386 | +€4,659 | +125.0% |
| Operating profit (loss) | 9901 | €3,540 | €7,603 | +€4,063 | +114.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2800.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2800.0% |
| Financial charges | 65/66B | €97 | €757 | +€660 | +680.9% |
| Recurring financial charges | 65 | €97 | €757 | +€660 | +680.9% |
| Profit (loss) for the period before taxes | 9903 | €3,443 | €6,847 | +€3,403 | +98.8% |
| Income taxes | 67/77 | €1,601 | €2,397 | +€796 | +49.7% |
| Profit (loss) for the period | 9904 | €1,842 | €4,450 | +€2,607 | +141.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,842 | €4,450 | +€2,607 | +141.5% |
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 10 October 2026 via checked.be.