Studio LoHo: what changed
Studio LoHo
Largest movements
- Tangible fixed assets +€110,004
up €110,004 (+35.3%), from €311,391 to €421,395
of which Plant, machinery and equipment: +€90,912
- Receivables within one year -€76,528
down €76,528 (-33.7%), from €226,926 to €150,397
of which Trade receivables: -€52,181
- Intangible fixed assets +€34,083
up €34,083 (+334%), from €10,192 to €44,275
- Stocks and contracts +€26,469
up €26,469 (+11.4%), from €231,287 to €257,756
of which Stocks: +€113,249
- Cash -€12,979
down €12,979 (-17.4%), from €74,457 to €61,478
mainly Investment in fixed assets (net) (-€204,131) and Net result for the year (-€112,112)
- Reserves -€101,000
down €101,000 (-41.5%), from €243,200 to €142,200
- Other debts +€97,223
up €97,223 (+1,103%), from €8,814 to €106,037
- Advances received +€58,704
up €58,704, from €0 to €58,704
- Accrued charges and deferred income -€29,406
down €29,406 (-90.8%), from €32,375 to €2,970
- Debts after one year +€23,836
up €23,836 (+12.9%), from €184,694 to €208,530
- Staff costs +€198,551
up €198,551 (+44.0%), from €451,265 to €649,816
- Taxes -€33,669
down €33,669 (-100%), from €33,669 to €0
- Depreciation +€20,582
up €20,582 (+52.2%), from €39,461 to €60,043
- Gross operating margin -€17,857
down €17,857 (-2.8%), from €637,199 to €619,342
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €869,989 | €940,737 | +€70,747 | +8.1% |
| Fixed assets | 21/28 | €321,584 | €465,671 | +€144,087 | +44.8% |
| Intangible fixed assets | 21 | €10,192 | €44,275 | +€34,083 | +334% |
| Tangible fixed assets | 22/27 | €311,391 | €421,395 | +€110,004 | +35.3% |
| Plant, machinery and equipment | 23 | €59,440 | €150,352 | +€90,912 | +153% |
| Furniture and vehicles | 24 | €1,659 | €4,578 | +€2,919 | +176% |
| Leasing and similar rights | 25 | €250,293 | €221,826 | -€28,467 | -11.4% |
| Other tangible fixed assets | 26 | - | €44,640 | +€44,640 | |
| Current assets | 29/58 | €548,406 | €475,066 | -€73,340 | -13.4% |
| Stocks and contracts in progress | 3 | €231,287 | €257,756 | +€26,469 | +11.4% |
| Stocks | 30/36 | €107,287 | €220,536 | +€113,249 | +106% |
| Contracts in progress | 37 | €124,000 | €37,220 | -€86,780 | -70.0% |
| Amounts receivable within one year | 40/41 | €226,926 | €150,397 | -€76,528 | -33.7% |
| Trade receivables | 40 | €184,736 | €132,555 | -€52,181 | -28.2% |
| Other amounts receivable | 41 | €42,189 | €17,843 | -€24,347 | -57.7% |
| Cash at bank and in hand | 54/58 | €74,457 | €61,478 | -€12,979 | -17.4% |
| Deferred charges and accrued income | 490/1 | €15,736 | €5,434 | -€10,302 | -65.5% |
| Total equity and liabilities | 10/49 | €869,989 | €940,737 | +€70,747 | +8.1% |
| Equity | 10/15 | €244,892 | €132,780 | -€112,112 | -45.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €243,200 | €142,200 | -€101,000 | -41.5% |
| Distributable reserves | 133 | €243,200 | €142,200 | -€101,000 | -41.5% |
| Profit (loss) carried forward | 14 | €692 | -€10,420 | -€11,112 | |
| Amounts payable | 17/49 | €625,097 | €807,956 | +€182,859 | +29.3% |
| Amounts payable after more than one year | 17 | €184,694 | €208,530 | +€23,836 | +12.9% |
| Financial debts | 170/4 | €184,694 | €208,530 | +€23,836 | +12.9% |
| Amounts payable within one year | 42/48 | €408,027 | €596,457 | +€188,430 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €47,344 | €70,676 | +€23,333 | +49.3% |
| Trade debts | 44 | €261,836 | €257,450 | -€4,387 | -1.7% |
| Suppliers | 440/4 | €261,836 | €257,450 | -€4,387 | -1.7% |
| Advances received on contracts in progress | 46 | €0 | €58,704 | +€58,704 | |
| Taxes, remuneration and social security | 45 | €90,034 | €103,591 | +€13,557 | +15.1% |
| Taxes | 450/3 | €30,176 | €33,626 | +€3,450 | +11.4% |
| Remuneration and social security | 454/9 | €59,858 | €69,965 | +€10,107 | +16.9% |
| Other amounts payable | 47/48 | €8,814 | €106,037 | +€97,223 | +1,103% |
| Accrued charges and deferred income | 492/3 | €32,375 | €2,970 | -€29,406 | -90.8% |
| Remuneration, social security and pensions | 62 | €451,265 | €649,816 | +€198,551 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,461 | €60,043 | +€20,582 | +52.2% |
| Other operating charges | 640/8 | €4,921 | €1,048 | -€3,873 | -78.7% |
| Gross operating margin | 9900 | €637,199 | €619,342 | -€17,857 | -2.8% |
| Operating profit (loss) | 9901 | €141,551 | -€91,565 | -€233,116 | |
| Financial income | 75/76B | €792 | €315 | -€477 | -60.3% |
| Recurring financial income | 75 | €792 | €315 | -€477 | -60.3% |
| Financial charges | 65/66B | €14,738 | €20,862 | +€6,124 | +41.5% |
| Recurring financial charges | 65 | €14,738 | €20,862 | +€6,124 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €127,605 | -€112,112 | -€239,717 | |
| Income taxes | 67/77 | €33,669 | €0 | -€33,669 | -100% |
| Profit (loss) for the period | 9904 | €93,937 | -€112,112 | -€206,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,937 | -€112,112 | -€206,049 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.