Studio M - Architecture & Design: 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 M - Architecture & Design
Largest movements
- Cash +€12,375
up €12,375 (+369%), from €3,350 to €15,725
mainly Net result for the year (+€33,159) and Tax, wage and social debts (+€23,424)
- Receivables within one year +€10,321
up €10,321 (+5.3%), from €196,120 to €206,441
of which Other amounts receivable: +€30,242
- Tangible fixed assets +€4,952
up €4,952 (+3,993%), from €124 to €5,076
- Reserves +€33,159
up €33,159 (+37.1%), from €89,324 to €122,483
- Accrued charges and deferred income -€29,258
no longer reported in 2025 (was €29,258)
- Tax, wage and social debts +€23,424
up €23,424 (+30.3%), from €77,321 to €100,745
of which Taxes: +€19,624
- Taxes +€12,083
up €12,083 (+53.5%), from €22,595 to €34,678
- Gross operating margin -€4,335
down €4,335 (-5.6%), from €77,038 to €72,703
- Financial charges -€2,832
down €2,832 (-73.3%), from €3,862 to €1,029
- Other operating charges +€1,277
up €1,277 (+122%), from €1,048 to €2,325
- Depreciation +€872
up €872 (+615%), from €142 to €1,014
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 | €206,644 | €234,858 | +€28,214 | +13.7% |
| Fixed assets | 21/28 | €7,174 | €12,626 | +€5,452 | +76.0% |
| Tangible fixed assets | 22/27 | €124 | €5,076 | +€4,952 | +3,993% |
| Furniture and vehicles | 24 | €124 | €5,076 | +€4,952 | +3,993% |
| Financial fixed assets | 28 | €7,050 | €7,550 | +€500 | +7.1% |
| Current assets | 29/58 | €199,470 | €222,232 | +€22,762 | +11.4% |
| Amounts receivable within one year | 40/41 | €196,120 | €206,441 | +€10,321 | +5.3% |
| Trade receivables | 40 | €32,982 | €13,061 | -€19,921 | -60.4% |
| Other amounts receivable | 41 | €163,138 | €193,381 | +€30,242 | +18.5% |
| Cash at bank and in hand | 54/58 | €3,350 | €15,725 | +€12,375 | +369% |
| Deferred charges and accrued income | 490/1 | - | €65 | +€65 | |
| Total equity and liabilities | 10/49 | €206,644 | €234,858 | +€28,214 | +13.7% |
| Equity | 10/15 | €92,324 | €125,483 | +€33,159 | +35.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €89,324 | €122,483 | +€33,159 | +37.1% |
| Distributable reserves | 133 | €89,324 | €122,483 | +€33,159 | +37.1% |
| Amounts payable | 17/49 | €114,320 | €109,374 | -€4,945 | -4.3% |
| Amounts payable within one year | 42/48 | €85,061 | €109,374 | +€24,313 | +28.6% |
| Trade debts | 44 | €7,740 | €8,629 | +€889 | +11.5% |
| Suppliers | 440/4 | €7,740 | €8,629 | +€889 | +11.5% |
| Taxes, remuneration and social security | 45 | €77,321 | €100,745 | +€23,424 | +30.3% |
| Taxes | 450/3 | €77,321 | €96,945 | +€19,624 | +25.4% |
| Remuneration and social security | 454/9 | - | €3,800 | +€3,800 | |
| Accrued charges and deferred income | 492/3 | €29,258 | - | -€29,258 | |
| Non-recurring operating income | 76A | - | €4,081 | +€4,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142 | €1,014 | +€872 | +615% |
| Other operating charges | 640/8 | €1,048 | €2,325 | +€1,277 | +122% |
| Non-recurring operating charges | 66A | €2,621 | €500 | -€2,121 | -80.9% |
| Gross operating margin | 9900 | €77,038 | €72,703 | -€4,335 | -5.6% |
| Operating profit (loss) | 9901 | €73,227 | €68,864 | -€4,364 | -6.0% |
| Financial income | 75/76B | €1 | €3 | +€2 | +202% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +202% |
| Financial charges | 65/66B | €3,862 | €1,029 | -€2,832 | -73.3% |
| Recurring financial charges | 65 | €3,862 | €1,029 | -€2,832 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €69,367 | €67,837 | -€1,529 | -2.2% |
| Income taxes | 67/77 | €22,595 | €34,678 | +€12,083 | +53.5% |
| Profit (loss) for the period | 9904 | €46,771 | €33,159 | -€13,612 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,771 | €33,159 | -€13,612 | -29.1% |
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 30 October 2026 via checked.be.