STUDIO L + A: 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 L + A
Largest movements
- Cash -€37,150
down €37,150 (-51.2%), from €72,583 to €35,433
mainly Other debts (-€83,391) and Contributions, distributions and other (-€5,600)
- Tangible fixed assets -€21,762
down €21,762 (-63.5%), from €34,287 to €12,525
of which Other tangible fixed assets: -€13,072
- Receivables within one year -€16,228
down €16,228 (-42.6%), from €38,112 to €21,884
of which Trade receivables: -€10,500
- Deferred charges and accrued income -€1,552
no longer reported in 2025 (was €1,552)
- Other debts -€83,391
down €83,391 (-83.8%), from €99,527 to €16,136
- Reserves +€2,493
up €2,493 (+19.2%), from €12,987 to €15,479
- Tax, wage and social debts +€2,328
up €2,328 (+25.6%), from €9,089 to €11,417
of which Taxes: +€4,061
- Trade debts +€2,194
up €2,194 (+34.7%), from €6,330 to €8,524
- Turnover +€156,104
new in 2025: €156,104
- Purchases and services +€109,628
new in 2025: €109,628
- Gross operating margin -€33,196
down €33,196 (-40.3%), from €82,375 to €49,179
- Taxes -€8,399
down €8,399 (-72.3%), from €11,611 to €3,211
- Other operating charges -€5,212
down €5,212 (-87.8%), from €5,935 to €722
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,533 | €70,157 | -€76,376 | -52.1% |
| Fixed assets | 21/28 | €34,287 | €12,840 | -€21,447 | -62.6% |
| Tangible fixed assets | 22/27 | €34,287 | €12,525 | -€21,762 | -63.5% |
| Plant, machinery and equipment | 23 | €3,782 | €2,717 | -€1,065 | -28.2% |
| Furniture and vehicles | 24 | €17,432 | €9,807 | -€7,625 | -43.7% |
| Other tangible fixed assets | 26 | €13,072 | - | -€13,072 | |
| Financial fixed assets | 28 | - | €315 | +€315 | |
| Current assets | 29/58 | €112,246 | €57,317 | -€54,929 | -48.9% |
| Amounts receivable within one year | 40/41 | €38,112 | €21,884 | -€16,228 | -42.6% |
| Trade receivables | 40 | €29,562 | €19,062 | -€10,500 | -35.5% |
| Other amounts receivable | 41 | €8,550 | €2,822 | -€5,728 | -67.0% |
| Cash at bank and in hand | 54/58 | €72,583 | €35,433 | -€37,150 | -51.2% |
| Deferred charges and accrued income | 490/1 | €1,552 | - | -€1,552 | |
| Total equity and liabilities | 10/49 | €146,533 | €70,157 | -€76,376 | -52.1% |
| Equity | 10/15 | €31,587 | €34,079 | +€2,493 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,987 | €15,479 | +€2,493 | +19.2% |
| Distributable reserves | 133 | €12,987 | €15,479 | +€2,493 | +19.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €114,946 | €36,077 | -€78,869 | -68.6% |
| Amounts payable within one year | 42/48 | €114,946 | €36,077 | -€78,869 | -68.6% |
| Trade debts | 44 | €6,330 | €8,524 | +€2,194 | +34.7% |
| Suppliers | 440/4 | €6,330 | €8,524 | +€2,194 | +34.7% |
| Taxes, remuneration and social security | 45 | €9,089 | €11,417 | +€2,328 | +25.6% |
| Taxes | 450/3 | €2,681 | €6,743 | +€4,061 | +151% |
| Remuneration and social security | 454/9 | €6,408 | €4,674 | -€1,733 | -27.1% |
| Other amounts payable | 47/48 | €99,527 | €16,136 | -€83,391 | -83.8% |
| Turnover | 70 | - | €156,104 | +€156,104 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €109,628 | +€109,628 | |
| Remuneration, social security and pensions | 62 | €29,634 | €30,742 | +€1,108 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,683 | €6,235 | -€448 | -6.7% |
| Other operating charges | 640/8 | €5,935 | €722 | -€5,212 | -87.8% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Gross operating margin | 9900 | €82,375 | €49,179 | -€33,196 | -40.3% |
| Operating profit (loss) | 9901 | €40,122 | €11,464 | -€28,658 | -71.4% |
| Financial income | 75/76B | €95 | - | -€95 | |
| Recurring financial income | 75 | €95 | - | -€95 | |
| Financial charges | 65/66B | €141 | €160 | +€20 | +13.9% |
| Recurring financial charges | 65 | €141 | €160 | +€20 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €40,076 | €11,304 | -€28,772 | -71.8% |
| Income taxes | 67/77 | €11,611 | €3,211 | -€8,399 | -72.3% |
| Profit (loss) for the period | 9904 | €28,465 | €8,093 | -€20,373 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,465 | €8,093 | -€20,373 | -71.6% |
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 14 October 2026 via checked.be.