Studio Max: what changed
Two fiscal 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 Max
Largest movements
- Receivables within one year +€98,874
up €98,874 (+273.7%), from €36,129 to €135,004
of which Trade receivables: +€75,217
- Cash +€41,912
up €41,912 (+98.8%), from €42,439 to €84,351
mainly Net result for the year (+€60,954) and Advances received (+€43,654)
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Tangible fixed assets +€20,397
up €20,397 (+38.9%), from €52,436 to €72,833
of which Other tangible fixed assets: +€22,108
- Reserves +€60,954
up €60,954 (+53.9%), from €113,070 to €174,024
- Advances received +€43,654
new in 2024: €43,654
- Trade debts +€18,347
up €18,347 (+91.9%), from €19,966 to €38,313
- Tax, wage and social debts +€16,383
up €16,383 (+87.1%), from €18,803 to €35,185
- Gross operating margin -€18,033
down €18,033 (-16.4%), from €109,814 to €91,781
- Depreciation +€4,896
up €4,896 (+70.6%), from €6,936 to €11,833
- Taxes -€4,486
down €4,486 (-19.7%), from €22,794 to €18,309
- Other operating charges -€2,980
down €2,980 (-84.4%), from €3,529 to €550
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,698 | €293,176 | +€136,478 | +87.1% |
| Fixed assets | 21/28 | €52,436 | €72,833 | +€20,397 | +38.9% |
| Tangible fixed assets | 22/27 | €52,436 | €72,833 | +€20,397 | +38.9% |
| Plant, machinery and equipment | 23 | €3,395 | €4,382 | +€987 | +29.1% |
| Furniture and vehicles | 24 | €17,872 | €15,174 | -€2,698 | -15.1% |
| Other tangible fixed assets | 26 | €31,169 | €53,277 | +€22,108 | +70.9% |
| Current assets | 29/58 | €104,263 | €220,343 | +€116,080 | +111.3% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €36,129 | €135,004 | +€98,874 | +273.7% |
| Trade receivables | 40 | €36,094 | €111,311 | +€75,217 | +208.4% |
| Other amounts receivable | 41 | €36 | €23,692 | +€23,657 | +66451.2% |
| Cash at bank and in hand | 54/58 | €42,439 | €84,351 | +€41,912 | +98.8% |
| Deferred charges and accrued income | 490/1 | €694 | €989 | +€295 | +42.5% |
| Total equity and liabilities | 10/49 | €156,698 | €293,176 | +€136,478 | +87.1% |
| Equity | 10/15 | €115,070 | €176,024 | +€60,954 | +53.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €113,070 | €174,024 | +€60,954 | +53.9% |
| Distributable reserves | 133 | €113,070 | €174,024 | +€60,954 | +53.9% |
| Amounts payable | 17/49 | €41,629 | €117,152 | +€75,524 | +181.4% |
| Amounts payable within one year | 42/48 | €41,629 | €117,152 | +€75,524 | +181.4% |
| Trade debts | 44 | €19,966 | €38,313 | +€18,347 | +91.9% |
| Suppliers | 440/4 | €19,966 | €38,313 | +€18,347 | +91.9% |
| Advances received on contracts in progress | 46 | - | €43,654 | +€43,654 | |
| Taxes, remuneration and social security | 45 | €18,803 | €35,185 | +€16,383 | +87.1% |
| Taxes | 450/3 | €18,803 | €35,185 | +€16,383 | +87.1% |
| Other amounts payable | 47/48 | €2,860 | €0 | -€2,860 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,936 | €11,833 | +€4,896 | +70.6% |
| Other operating charges | 640/8 | €3,529 | €550 | -€2,980 | -84.4% |
| Gross operating margin | 9900 | €109,814 | €91,781 | -€18,033 | -16.4% |
| Operating profit (loss) | 9901 | €99,348 | €79,398 | -€19,950 | -20.1% |
| Financial income | 75/76B | €0 | €45 | +€45 | +450300.0% |
| Recurring financial income | 75 | €0 | €45 | +€45 | +450300.0% |
| Financial charges | 65/66B | €1,100 | €180 | -€920 | -83.6% |
| Recurring financial charges | 65 | €1,100 | €180 | -€920 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €98,248 | €79,263 | -€18,985 | -19.3% |
| Income taxes | 67/77 | €22,794 | €18,309 | -€4,486 | -19.7% |
| Profit (loss) for the period | 9904 | €75,454 | €60,954 | -€14,499 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,454 | €60,954 | -€14,499 | -19.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.