Studio Mark: 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 Mark
Largest movements
- Current investments -€340,238
down €340,238 (-79.1%), from €430,000 to €89,762
- Receivables after one year +€300,000
up €300,000 (+17.8%), from €1.7m to €2.0m
- Receivables within one year +€259,131
up €259,131 (+155.8%), from €166,276 to €425,407
of which Trade receivables: +€241,823
- Cash +€147,202
up €147,202 (+12.5%), from €1.2m to €1.3m
mainly Current investments (+€340,238) and Trade debts (+€334,092)
- Stocks and contracts +€79,148
up €79,148 (+1319.1%), from €6,000 to €85,148
- Trade debts +€334,092
up €334,092 (+1478.5%), from €22,597 to €356,688
- Other debts +€235,712
up €235,712 (+23.1%), from €1.0m to €1.3m
- Profit (loss) carried forward -€179,254
down €179,254 (-39.5%), from €453,459 to €274,205
- Gross operating margin +€263,083
up €263,083 (+106.0%), from €248,184 to €511,266
- Taxes +€54,898
up €54,898 (+98.6%), from €55,667 to €110,565
- Staff costs +€19,051
up €19,051 (+40.1%), from €47,470 to €66,521
- Financial income +€16,799
up €16,799 (+56.3%), from €29,841 to €46,640
- Financial charges +€10,328
up €10,328 (+237.8%), from €4,343 to €14,671
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 | €3,755,312 | €4,154,423 | +€399,112 | +10.6% |
| Fixed assets | 21/28 | €239,699 | €217,905 | -€21,794 | -9.1% |
| Tangible fixed assets | 22/27 | €181,581 | €159,787 | -€21,794 | -12.0% |
| Plant, machinery and equipment | 23 | €370 | €2,896 | +€2,527 | +683.5% |
| Furniture and vehicles | 24 | €58,047 | €51,657 | -€6,390 | -11.0% |
| Other tangible fixed assets | 26 | €123,164 | €105,234 | -€17,931 | -14.6% |
| Financial fixed assets | 28 | €58,118 | €58,118 | = | 0.0% |
| Current assets | 29/58 | €3,515,612 | €3,936,518 | +€420,906 | +12.0% |
| Amounts receivable after more than one year | 29 | €1,685,000 | €1,985,000 | +€300,000 | +17.8% |
| Other amounts receivable | 291 | €1,685,000 | €1,985,000 | +€300,000 | +17.8% |
| Stocks and contracts in progress | 3 | €6,000 | €85,148 | +€79,148 | +1319.1% |
| Stocks | 30/36 | €6,000 | €85,148 | +€79,148 | +1319.1% |
| Amounts receivable within one year | 40/41 | €166,276 | €425,407 | +€259,131 | +155.8% |
| Trade receivables | 40 | €135,503 | €377,326 | +€241,823 | +178.5% |
| Other amounts receivable | 41 | €30,772 | €48,081 | +€17,308 | +56.2% |
| Current investments | 50/53 | €430,000 | €89,762 | -€340,238 | -79.1% |
| Cash at bank and in hand | 54/58 | €1,176,306 | €1,323,507 | +€147,202 | +12.5% |
| Deferred charges and accrued income | 490/1 | €52,031 | €27,694 | -€24,337 | -46.8% |
| Total equity and liabilities | 10/49 | €3,755,312 | €4,154,423 | +€399,112 | +10.6% |
| Equity | 10/15 | €2,595,292 | €2,447,040 | -€148,252 | -5.7% |
| Contributions | 10/11 | €189,980 | €189,980 | = | 0.0% |
| Reserves | 13 | €1,951,853 | €1,982,855 | +€31,002 | +1.6% |
| Distributable reserves | 133 | €1,951,853 | €1,982,855 | +€31,002 | +1.6% |
| Profit (loss) carried forward | 14 | €453,459 | €274,205 | -€179,254 | -39.5% |
| Amounts payable | 17/49 | €1,160,020 | €1,707,383 | +€547,363 | +47.2% |
| Amounts payable within one year | 42/48 | €1,160,020 | €1,707,383 | +€547,363 | +47.2% |
| Trade debts | 44 | €22,597 | €356,688 | +€334,092 | +1478.5% |
| Suppliers | 440/4 | €22,597 | €356,688 | +€334,092 | +1478.5% |
| Taxes, remuneration and social security | 45 | €118,894 | €96,453 | -€22,440 | -18.9% |
| Taxes | 450/3 | €72,564 | €30,421 | -€42,143 | -58.1% |
| Remuneration and social security | 454/9 | €46,330 | €66,032 | +€19,702 | +42.5% |
| Other amounts payable | 47/48 | €1,018,530 | €1,254,242 | +€235,712 | +23.1% |
| Remuneration, social security and pensions | 62 | €47,470 | €66,521 | +€19,051 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,725 | €38,570 | -€155 | -0.4% |
| Other operating charges | 640/8 | €2,843 | €3,214 | +€371 | +13.1% |
| Non-recurring operating charges | 66A | - | €160 | +€160 | |
| Gross operating margin | 9900 | €248,184 | €511,266 | +€263,083 | +106.0% |
| Operating profit (loss) | 9901 | €159,146 | €402,802 | +€243,655 | +153.1% |
| Financial income | 75/76B | €29,841 | €46,640 | +€16,799 | +56.3% |
| Recurring financial income | 75 | €29,841 | €46,640 | +€16,799 | +56.3% |
| Financial charges | 65/66B | €4,343 | €14,671 | +€10,328 | +237.8% |
| Recurring financial charges | 65 | €4,343 | €14,671 | +€10,328 | +237.8% |
| Profit (loss) for the period before taxes | 9903 | €184,644 | €434,770 | +€250,126 | +135.5% |
| Income taxes | 67/77 | €55,667 | €110,565 | +€54,898 | +98.6% |
| Profit (loss) for the period | 9904 | €128,977 | €324,205 | +€195,228 | +151.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,977 | €324,205 | +€195,228 | +151.4% |
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.