Studio LST: what changed
What changed
Studio LST
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€21,915
2024 · €54,496-€32,582
Equity
€421,201
2024 · €399,287+€21,915
Cash
€96
2024 · €65,948-€65,852
Balance sheet total
€666,745
2024 · €572,992+€93,753
Largest movements
Assets
- Stocks and contracts +€96,797
up €96,797 (+26.1%), from €370,330 to €467,127
- Cash -€65,852
down €65,852 (-99.9%), from €65,948 to €96
mainly Stocks and contracts (-€96,797) and Receivables within one year (-€50,040)
- Receivables within one year +€50,040
up €50,040 (+43.2%), from €115,936 to €165,975
of which Trade receivables: +€51,296
- Deferred charges and accrued income +€10,140
up €10,140, from €0 to €10,140
Equity and liabilities
- Other debts +€27,700
up €27,700 (+86.6%), from €32,000 to €59,700
- Trade debts +€22,408
up €22,408 (+25.6%), from €87,382 to €109,790
- Short-term financial debts +€22,000
up €22,000 (+293%), from €7,500 to €29,500
- Reserves +€21,915
up €21,915 (+6.5%), from €337,287 to €359,201
of which Distributable reserves: +€21,915
Income statement
- Staff costs +€23,286
up €23,286 (+8.1%), from €288,269 to €311,555
- Gross operating margin -€22,854
down €22,854 (-6.1%), from €375,343 to €352,488
- Taxes -€11,452
down €11,452 (-55.1%), from €20,769 to €9,317
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.
Result 2024
€54,496
Gross operating margin
-€22,854
Staff costs
-€23,286
Depreciation
-€1,302
Other operating charges
+€2,517
Financial income
+€495
Financial charges
+€397
Taxes
+€11,452
Result 2025
€21,915
raises the resultlowers the result
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.
From operations
-€77,317
Investment
-€9,874
Financing
+€21,338
Cash 2024
€65,948
From operations (derived)
-€77,317
Net result for the year
+€21,915
Depreciation
+€7,246
Stocks and contracts
-€96,797
Receivables within one year
-€50,040
Deferred charges and accrued income
-€10,140
Trade debts
+€22,408
Tax, wage and social debts
+€392
Other debts
+€27,700
Investment (derived)
-€9,874
Investment in fixed assets (net)
-€9,874
Financing
+€21,338
Current portion of long-term debt
-€661
Short-term financial debts
+€22,000
Cash 2025
€96
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572,992 | €666,745 | +€93,753 | +16.4% |
| Fixed assets | 21/28 | €20,778 | €23,406 | +€2,628 | +12.6% |
| Tangible fixed assets | 22/27 | €18,200 | €20,822 | +€2,622 | +14.4% |
| Plant, machinery and equipment | 23 | €2,447 | €1,901 | -€546 | -22.3% |
| Furniture and vehicles | 24 | €11,014 | €15,720 | +€4,707 | +42.7% |
| Other tangible fixed assets | 26 | €4,739 | €3,201 | -€1,538 | -32.5% |
| Financial fixed assets | 28 | €2,578 | €2,584 | +€6 | +0.2% |
| Current assets | 29/58 | €552,214 | €643,339 | +€91,125 | +16.5% |
| Stocks and contracts in progress | 3 | €370,330 | €467,127 | +€96,797 | +26.1% |
| Contracts in progress | 37 | €370,330 | €467,127 | +€96,797 | +26.1% |
| Amounts receivable within one year | 40/41 | €115,936 | €165,975 | +€50,040 | +43.2% |
| Trade receivables | 40 | €83,374 | €134,670 | +€51,296 | +61.5% |
| Other amounts receivable | 41 | €32,562 | €31,306 | -€1,256 | -3.9% |
| Cash at bank and in hand | 54/58 | €65,948 | €96 | -€65,852 | -99.9% |
| Deferred charges and accrued income | 490/1 | €0 | €10,140 | +€10,140 | |
| Total equity and liabilities | 10/49 | €572,992 | €666,745 | +€93,753 | +16.4% |
| Equity | 10/15 | €399,287 | €421,201 | +€21,915 | +5.5% |
| 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 | €337,287 | €359,201 | +€21,915 | +6.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €331,087 | €353,001 | +€21,915 | +6.6% |
| Amounts payable | 17/49 | €173,705 | €245,544 | +€71,838 | +41.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €173,705 | €245,544 | +€71,838 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €661 | €0 | -€661 | -100% |
| Financial debts | 43 | €7,500 | €29,500 | +€22,000 | +293% |
| Credit institutions | 430/8 | €7,500 | €29,500 | +€22,000 | +293% |
| Trade debts | 44 | €87,382 | €109,790 | +€22,408 | +25.6% |
| Suppliers | 440/4 | €87,382 | €109,790 | +€22,408 | +25.6% |
| Taxes, remuneration and social security | 45 | €46,162 | €46,554 | +€392 | +0.8% |
| Taxes | 450/3 | €5,761 | €12,092 | +€6,331 | +110% |
| Remuneration and social security | 454/9 | €40,401 | €34,462 | -€5,939 | -14.7% |
| Other amounts payable | 47/48 | €32,000 | €59,700 | +€27,700 | +86.6% |
| Remuneration, social security and pensions | 62 | €288,269 | €311,555 | +€23,286 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,943 | €7,246 | +€1,302 | +21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,979 | €462 | -€2,517 | -84.5% |
| Gross operating margin | 9900 | €375,343 | €352,488 | -€22,854 | -6.1% |
| Operating profit (loss) | 9901 | €78,151 | €33,226 | -€44,926 | -57.5% |
| Financial income | 75/76B | €29 | €524 | +€495 | +1,712% |
| Recurring financial income | 75 | €29 | €524 | +€495 | +1,712% |
| Financial charges | 65/66B | €2,915 | €2,518 | -€397 | -13.6% |
| Recurring financial charges | 65 | €2,915 | €2,518 | -€397 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €75,265 | €31,232 | -€44,034 | -58.5% |
| Income taxes | 67/77 | €20,769 | €9,317 | -€11,452 | -55.1% |
| Profit (loss) for the period | 9904 | €54,496 | €21,915 | -€32,582 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,496 | €21,915 | -€32,582 | -59.8% |
Next steps
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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 3 November 2026 via checked.be.