STUDIO LINE: 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 LINE
Largest movements
- Receivables within one year -€62,330
down €62,330 (-37.9%), from €164,408 to €102,079
of which Trade receivables: -€47,377
- Cash +€55,377
up €55,377 (+34.4%), from €161,154 to €216,531
mainly Receivables within one year (+€62,330) and Depreciation (+€29,269)
- Tangible fixed assets -€22,453
down €22,453 (-6.6%), from €342,181 to €319,728
of which Land and buildings: -€17,936
- Other debts -€31,393
down €31,393 (-14.6%), from €215,737 to €184,344
- Profit (loss) carried forward +€23,748
up €23,748 (+16.5%), from -€144,183 to -€120,434
- Debts after one year -€20,758
down €20,758 (-17.2%), from €120,371 to €99,614
- Gross operating margin -€61,031
down €61,031 (-61.9%), from €98,634 to €37,603
- Financial income +€22,368
up €22,368 (+405.2%), from €5,520 to €27,888
- Depreciation -€8,864
down €8,864 (-23.2%), from €38,133 to €29,269
- Other operating charges +€1,169
up €1,169 (+18.9%), from €6,200 to €7,369
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 | €684,483 | €653,636 | -€30,847 | -4.5% |
| Fixed assets | 21/28 | €357,480 | €335,026 | -€22,453 | -6.3% |
| Tangible fixed assets | 22/27 | €342,181 | €319,728 | -€22,453 | -6.6% |
| Land and buildings | 22 | €303,014 | €285,079 | -€17,936 | -5.9% |
| Plant, machinery and equipment | 23 | €5,787 | €14,796 | +€9,009 | +155.7% |
| Furniture and vehicles | 24 | €33,380 | €19,854 | -€13,527 | -40.5% |
| Financial fixed assets | 28 | €15,298 | €15,298 | = | 0.0% |
| Current assets | 29/58 | €327,003 | €318,610 | -€8,394 | -2.6% |
| Amounts receivable within one year | 40/41 | €164,408 | €102,079 | -€62,330 | -37.9% |
| Trade receivables | 40 | €148,831 | €101,455 | -€47,377 | -31.8% |
| Other amounts receivable | 41 | €15,577 | €624 | -€14,953 | -96.0% |
| Cash at bank and in hand | 54/58 | €161,154 | €216,531 | +€55,377 | +34.4% |
| Deferred charges and accrued income | 490/1 | €1,441 | - | -€1,441 | |
| Total equity and liabilities | 10/49 | €684,483 | €653,636 | -€30,847 | -4.5% |
| Equity | 10/15 | €323,625 | €347,374 | +€23,748 | +7.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €449,216 | €449,216 | = | 0.0% |
| Distributable reserves | 133 | €449,216 | €449,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,183 | -€120,434 | +€23,748 | +16.5% |
| Amounts payable | 17/49 | €360,858 | €306,263 | -€54,595 | -15.1% |
| Amounts payable after more than one year | 17 | €120,371 | €99,614 | -€20,758 | -17.2% |
| Financial debts | 170/4 | €120,371 | €99,614 | -€20,758 | -17.2% |
| Amounts payable within one year | 42/48 | €237,081 | €205,353 | -€31,728 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €20,555 | €20,758 | +€203 | +1.0% |
| Trade debts | 44 | €790 | - | -€790 | |
| Suppliers | 440/4 | €790 | - | -€790 | |
| Taxes, remuneration and social security | 45 | - | €252 | +€252 | |
| Taxes | 450/3 | - | €252 | +€252 | |
| Other amounts payable | 47/48 | €215,737 | €184,344 | -€31,393 | -14.6% |
| Accrued charges and deferred income | 492/3 | €3,405 | €1,296 | -€2,109 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,133 | €29,269 | -€8,864 | -23.2% |
| Other operating charges | 640/8 | €6,200 | €7,369 | +€1,169 | +18.9% |
| Non-recurring operating charges | 66A | - | €3,312 | +€3,312 | |
| Gross operating margin | 9900 | €98,634 | €37,603 | -€61,031 | -61.9% |
| Operating profit (loss) | 9901 | €54,301 | -€2,348 | -€56,649 | |
| Financial income | 75/76B | €5,520 | €27,888 | +€22,368 | +405.2% |
| Recurring financial income | 75 | €5,520 | €27,888 | +€22,368 | +405.2% |
| Financial charges | 65/66B | €1,795 | €1,540 | -€255 | -14.2% |
| Recurring financial charges | 65 | €1,795 | €1,540 | -€255 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €58,026 | €24,000 | -€34,026 | -58.6% |
| Income taxes | 67/77 | €242 | €252 | +€9 | +3.8% |
| Profit (loss) for the period | 9904 | €57,784 | €23,748 | -€34,035 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,784 | €23,748 | -€34,035 | -58.9% |
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.