Studio Makker: 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 Makker
Largest movements
- Receivables within one year +€32,410
up €32,410 (+170%), from €19,097 to €51,508
of which Trade receivables: +€29,336
- Tangible fixed assets -€5,895
down €5,895 (-3.9%), from €150,569 to €144,674
of which Land and buildings: -€3,758
- Profit (loss) carried forward +€25,480
up €25,480 (+967%), from €2,634 to €28,114
- Trade debts +€9,240
up €9,240 (+77.1%), from €11,979 to €21,220
- Debts after one year -€9,050
down €9,050 (-7.1%), from €127,550 to €118,500
- Advances received +€5,774
up €5,774 (+25.9%), from €22,320 to €28,094
- Gross operating margin +€26,186
up €26,186 (+129%), from €20,224 to €46,410
- Taxes +€3,955
new in 2025: €3,955
- Other operating charges +€3,940
up €3,940 (+208%), from €1,895 to €5,835
- Depreciation -€1,644
down €1,644 (-21.8%), from €7,539 to €5,895
- Financial charges -€1,180
down €1,180 (-18.3%), from €6,440 to €5,260
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 | €198,188 | €226,499 | +€28,311 | +14.3% |
| Fixed assets | 21/28 | €150,859 | €145,214 | -€5,645 | -3.7% |
| Tangible fixed assets | 22/27 | €150,569 | €144,674 | -€5,895 | -3.9% |
| Land and buildings | 22 | €145,678 | €141,921 | -€3,758 | -2.6% |
| Plant, machinery and equipment | 23 | €3,467 | €2,747 | -€720 | -20.8% |
| Furniture and vehicles | 24 | €1,424 | €7 | -€1,417 | -99.5% |
| Financial fixed assets | 28 | €290 | €540 | +€250 | +86.2% |
| Current assets | 29/58 | €47,328 | €81,284 | +€33,956 | +71.7% |
| Amounts receivable within one year | 40/41 | €19,097 | €51,508 | +€32,410 | +170% |
| Trade receivables | 40 | €13,552 | €42,888 | +€29,336 | +216% |
| Other amounts receivable | 41 | €5,545 | €8,619 | +€3,074 | +55.4% |
| Cash at bank and in hand | 54/58 | €28,153 | €28,696 | +€544 | +1.9% |
| Deferred charges and accrued income | 490/1 | €78 | €1,080 | +€1,002 | +1,280% |
| Total equity and liabilities | 10/49 | €198,188 | €226,499 | +€28,311 | +14.3% |
| Equity | 10/15 | €4,634 | €30,114 | +€25,480 | +550% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,634 | €28,114 | +€25,480 | +967% |
| Amounts payable | 17/49 | €193,553 | €196,384 | +€2,831 | +1.5% |
| Amounts payable after more than one year | 17 | €127,550 | €118,500 | -€9,050 | -7.1% |
| Financial debts | 170/4 | €127,550 | €118,500 | -€9,050 | -7.1% |
| Amounts payable within one year | 42/48 | €63,715 | €77,201 | +€13,487 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €10,114 | €10,419 | +€305 | +3.0% |
| Trade debts | 44 | €11,979 | €21,220 | +€9,240 | +77.1% |
| Suppliers | 440/4 | €11,979 | €21,220 | +€9,240 | +77.1% |
| Advances received on contracts in progress | 46 | €22,320 | €28,094 | +€5,774 | +25.9% |
| Taxes, remuneration and social security | 45 | €2,910 | €3,288 | +€379 | +13.0% |
| Taxes | 450/3 | €2,910 | €1,988 | -€921 | -31.7% |
| Remuneration and social security | 454/9 | €0 | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €16,392 | €14,180 | -€2,212 | -13.5% |
| Accrued charges and deferred income | 492/3 | €2,288 | €683 | -€1,605 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,539 | €5,895 | -€1,644 | -21.8% |
| Other operating charges | 640/8 | €1,895 | €5,835 | +€3,940 | +208% |
| Gross operating margin | 9900 | €20,224 | €46,410 | +€26,186 | +129% |
| Operating profit (loss) | 9901 | €10,791 | €34,681 | +€23,890 | +221% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €6,440 | €5,260 | -€1,180 | -18.3% |
| Recurring financial charges | 65 | €6,440 | €5,260 | -€1,180 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €4,350 | €29,436 | +€25,085 | +577% |
| Income taxes | 67/77 | - | €3,955 | +€3,955 | |
| Profit (loss) for the period | 9904 | €4,350 | €25,480 | +€21,130 | +486% |
| Profit (loss) for the period to be appropriated | 9905 | €4,350 | €25,480 | +€21,130 | +486% |
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 16 October 2026 via checked.be.