STUDIO MG: 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 MG
Largest movements
- Cash +€28,464
up €28,464 (+64.3%), from €44,276 to €72,740
mainly Net result for the year (+€44,449) and Other debts (+€29,070)
- Financial fixed assets +€20,195
up €20,195 (+15.9%), from €126,940 to €147,135
- Deferred charges and accrued income -€4,253
down €4,253 (-11.6%), from €36,544 to €32,290
- Other debts +€29,070
up €29,070 (+65.1%), from €44,677 to €73,747
- Reserves +€25,269
up €25,269 (+25.5%), from €99,021 to €124,290
- Debts after one year -€9,621
down €9,621 (-21.8%), from €44,219 to €34,598
- Gross operating margin +€26,621
up €26,621 (+53.8%), from €49,448 to €76,069
- Taxes +€8,161
up €8,161 (+54.1%), from €15,096 to €23,257
- Other operating charges +€1,054
up €1,054 (+33.3%), from €3,164 to €4,218
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 | €224,737 | €266,295 | +€41,558 | +18.5% |
| Fixed assets | 21/28 | €131,618 | €150,256 | +€18,638 | +14.2% |
| Tangible fixed assets | 22/27 | €4,678 | €3,121 | -€1,557 | -33.3% |
| Furniture and vehicles | 24 | €4,678 | €3,121 | -€1,557 | -33.3% |
| Financial fixed assets | 28 | €126,940 | €147,135 | +€20,195 | +15.9% |
| Current assets | 29/58 | €93,119 | €116,039 | +€22,920 | +24.6% |
| Amounts receivable within one year | 40/41 | €12,299 | €11,009 | -€1,290 | -10.5% |
| Trade receivables | 40 | €11,572 | €10,384 | -€1,188 | -10.3% |
| Other amounts receivable | 41 | €727 | €625 | -€103 | -14.1% |
| Cash at bank and in hand | 54/58 | €44,276 | €72,740 | +€28,464 | +64.3% |
| Deferred charges and accrued income | 490/1 | €36,544 | €32,290 | -€4,253 | -11.6% |
| Total equity and liabilities | 10/49 | €224,737 | €266,295 | +€41,558 | +18.5% |
| Equity | 10/15 | €105,221 | €130,490 | +€25,269 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,021 | €124,290 | +€25,269 | +25.5% |
| Distributable reserves | 133 | €99,021 | €124,290 | +€25,269 | +25.5% |
| Amounts payable | 17/49 | €119,516 | €135,805 | +€16,289 | +13.6% |
| Amounts payable after more than one year | 17 | €44,219 | €34,598 | -€9,621 | -21.8% |
| Financial debts | 170/4 | €44,219 | €34,598 | -€9,621 | -21.8% |
| Amounts payable within one year | 42/48 | €75,297 | €101,207 | +€25,910 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €9,177 | €9,621 | +€444 | +4.8% |
| Trade debts | 44 | €6,314 | €4,295 | -€2,019 | -32.0% |
| Suppliers | 440/4 | €6,314 | €4,295 | -€2,019 | -32.0% |
| Taxes, remuneration and social security | 45 | €15,129 | €13,544 | -€1,585 | -10.5% |
| Taxes | 450/3 | €15,129 | €13,544 | -€1,585 | -10.5% |
| Other amounts payable | 47/48 | €44,677 | €73,747 | +€29,070 | +65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €1,557 | +€217 | +16.2% |
| Other operating charges | 640/8 | €3,164 | €4,218 | +€1,054 | +33.3% |
| Gross operating margin | 9900 | €49,448 | €76,069 | +€26,621 | +53.8% |
| Operating profit (loss) | 9901 | €44,944 | €70,294 | +€25,350 | +56.4% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.9% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.9% |
| Financial charges | 65/66B | €2,648 | €2,589 | -€59 | -2.2% |
| Recurring financial charges | 65 | €2,648 | €2,589 | -€59 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €42,316 | €67,706 | +€25,389 | +60.0% |
| Income taxes | 67/77 | €15,096 | €23,257 | +€8,161 | +54.1% |
| Profit (loss) for the period | 9904 | €27,220 | €44,449 | +€17,228 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,220 | €44,449 | +€17,228 | +63.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.