STUDIO L3: 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 L3
Largest movements
- Receivables within one year -€9,437
down €9,437 (-48.0%), from €19,649 to €10,212
of which Trade receivables: -€9,436
- Cash +€1,827
up €1,827 (+5.5%), from €33,246 to €35,073
mainly Other debts (+€14,170) and Receivables within one year (+€9,437)
- Profit (loss) carried forward -€24,733
down €24,733 (-64.6%), from -€38,269 to -€63,002
- Other debts +€14,170
up €14,170 (+99.5%), from €14,235 to €28,405
- Tax, wage and social debts +€3,530
up €3,530 (+116%), from €3,044 to €6,574
of which Remuneration and social security: +€3,156
- Provisions +€48,298
no longer reported in 2025 (was -€48,298)
- Gross operating margin +€19,259
up €19,259 (+684%), from €2,815 to €22,074
- Financial charges -€2,163
down €2,163 (-4.5%), from €47,931 to €45,768
- Depreciation -€407
down €407 (-82.5%), from €493 to €86
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 | €54,925 | €47,410 | -€7,515 | -13.7% |
| Fixed assets | 21/28 | €86 | - | -€86 | |
| Tangible fixed assets | 22/27 | €86 | - | -€86 | |
| Furniture and vehicles | 24 | €86 | - | -€86 | |
| Current assets | 29/58 | €54,839 | €47,410 | -€7,428 | -13.5% |
| Amounts receivable within one year | 40/41 | €19,649 | €10,212 | -€9,437 | -48.0% |
| Trade receivables | 40 | €19,648 | €10,212 | -€9,436 | -48.0% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €33,246 | €35,073 | +€1,827 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,944 | €2,125 | +€181 | +9.3% |
| Total equity and liabilities | 10/49 | €54,925 | €47,410 | -€7,515 | -13.7% |
| Equity | 10/15 | €29,931 | €5,198 | -€24,733 | -82.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,269 | -€63,002 | -€24,733 | -64.6% |
| Amounts payable | 17/49 | €24,994 | €42,212 | +€17,218 | +68.9% |
| Amounts payable within one year | 42/48 | €24,994 | €42,212 | +€17,218 | +68.9% |
| Trade debts | 44 | €7,715 | €7,234 | -€481 | -6.2% |
| Suppliers | 440/4 | €7,715 | €7,234 | -€481 | -6.2% |
| Taxes, remuneration and social security | 45 | €3,044 | €6,574 | +€3,530 | +116% |
| Taxes | 450/3 | €996 | €1,369 | +€374 | +37.5% |
| Remuneration and social security | 454/9 | €2,048 | €5,205 | +€3,156 | +154% |
| Other amounts payable | 47/48 | €14,235 | €28,405 | +€14,170 | +99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493 | €86 | -€407 | -82.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€48,298 | - | +€48,298 | |
| Other operating charges | 640/8 | €599 | €665 | +€66 | +11.0% |
| Gross operating margin | 9900 | €2,815 | €22,074 | +€19,259 | +684% |
| Operating profit (loss) | 9901 | €50,021 | €21,323 | -€28,698 | -57.4% |
| Financial charges | 65/66B | €47,931 | €45,768 | -€2,163 | -4.5% |
| Recurring financial charges | 65 | €47,931 | €45,768 | -€2,163 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €2,090 | -€24,445 | -€26,535 | |
| Income taxes | 67/77 | €315 | €288 | -€28 | -8.7% |
| Profit (loss) for the period | 9904 | €1,774 | -€24,733 | -€26,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,774 | -€24,733 | -€26,507 |
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 23 October 2026 via checked.be.