STUDIO L: 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 L
Largest movements
- Current investments +€59,500
new in 2025: €59,500
- Receivables within one year -€28,716
down €28,716 (-67.8%), from €42,363 to €13,648
- Cash +€13,549
up €13,549 (+18.4%), from €73,450 to €86,999
mainly Net result for the year (+€44,036) and Other debts (+€41,280)
- Tangible fixed assets -€10,370
down €10,370 (-24.2%), from €42,824 to €32,454
of which Furniture and vehicles: -€7,661
- Other debts +€41,280
up €41,280 (+1178.7%), from €3,502 to €44,782
- Tax, wage and social debts -€5,530
down €5,530 (-24.6%), from €22,523 to €16,993
- Gross operating margin -€15,160
down €15,160 (-18.5%), from €81,796 to €66,636
- Taxes -€3,110
down €3,110 (-21.8%), from €14,268 to €11,157
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 | €159,896 | €194,442 | +€34,546 | +21.6% |
| Fixed assets | 21/28 | €42,824 | €32,454 | -€10,370 | -24.2% |
| Tangible fixed assets | 22/27 | €42,824 | €32,454 | -€10,370 | -24.2% |
| Plant, machinery and equipment | 23 | €931 | €446 | -€485 | -52.1% |
| Furniture and vehicles | 24 | €13,962 | €6,301 | -€7,661 | -54.9% |
| Other tangible fixed assets | 26 | €27,930 | €25,707 | -€2,224 | -8.0% |
| Current assets | 29/58 | €117,073 | €161,988 | +€44,916 | +38.4% |
| Amounts receivable within one year | 40/41 | €42,363 | €13,648 | -€28,716 | -67.8% |
| Trade receivables | 40 | €42,363 | €13,648 | -€28,716 | -67.8% |
| Current investments | 50/53 | - | €59,500 | +€59,500 | |
| Cash at bank and in hand | 54/58 | €73,450 | €86,999 | +€13,549 | +18.4% |
| Deferred charges and accrued income | 490/1 | €1,259 | €1,842 | +€583 | +46.3% |
| Total equity and liabilities | 10/49 | €159,896 | €194,442 | +€34,546 | +21.6% |
| Equity | 10/15 | €131,989 | €132,025 | +€36 | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,489 | €129,525 | +€36 | 0.0% |
| Amounts payable | 17/49 | €27,907 | €62,418 | +€34,511 | +123.7% |
| Amounts payable within one year | 42/48 | €27,907 | €62,418 | +€34,511 | +123.7% |
| Trade debts | 44 | €1,882 | €643 | -€1,240 | -65.9% |
| Suppliers | 440/4 | €1,882 | €643 | -€1,240 | -65.9% |
| Taxes, remuneration and social security | 45 | €22,523 | €16,993 | -€5,530 | -24.6% |
| Taxes | 450/3 | €22,523 | €16,993 | -€5,530 | -24.6% |
| Other amounts payable | 47/48 | €3,502 | €44,782 | +€41,280 | +1178.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,001 | €11,708 | +€707 | +6.4% |
| Other operating charges | 640/8 | €62 | €287 | +€225 | +362.9% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €81,796 | €66,636 | -€15,160 | -18.5% |
| Operating profit (loss) | 9901 | €70,483 | €54,642 | -€15,842 | -22.5% |
| Financial income | 75/76B | - | €679 | +€679 | |
| Recurring financial income | 75 | - | €679 | +€679 | |
| Financial charges | 65/66B | €72 | €128 | +€56 | +77.9% |
| Recurring financial charges | 65 | €72 | €128 | +€56 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | €70,411 | €55,193 | -€15,218 | -21.6% |
| Income taxes | 67/77 | €14,268 | €11,157 | -€3,110 | -21.8% |
| Profit (loss) for the period | 9904 | €56,144 | €44,036 | -€12,108 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,144 | €44,036 | -€12,108 | -21.6% |
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 4 October 2026 via checked.be.