Studio Mineral: 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 Mineral
Largest movements
- Receivables within one year -€170,947
down €170,947 (-52.2%), from €327,755 to €156,808
of which Trade receivables: -€172,776
- Stocks and contracts +€99,307
up €99,307 (+793%), from €12,526 to €111,833
- Cash +€36,799
up €36,799 (+147%), from €25,093 to €61,892
mainly Receivables within one year (+€170,947) and Net result for the year (+€41,070)
- Accrued charges and deferred income -€65,196
down €65,196 (-100%), from €65,196 to €0
- Profit (loss) carried forward +€41,070
up €41,070 (+44.8%), from €91,637 to €132,707
- Trade debts -€20,335
down €20,335 (-14.9%), from €136,528 to €116,194
- Short-term financial debts +€15,880
new in 2025: €15,880
- Other debts -€12,049
down €12,049 (-100.0%), from €12,054 to €5
- Gross operating margin -€60,760
down €60,760 (-51.6%), from €117,711 to €56,951
- Taxes -€14,057
down €14,057 (-54.6%), from €25,745 to €11,689
- Financial income -€5,863
down €5,863 (-58.8%), from €9,965 to €4,102
- Financial charges -€3,797
down €3,797 (-71.0%), from €5,348 to €1,551
- Other operating charges +€1,873
up €1,873 (+132%), from €1,421 to €3,294
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 | €377,790 | €344,664 | -€33,126 | -8.8% |
| Fixed assets | 21/28 | €12,416 | €14,132 | +€1,716 | +13.8% |
| Intangible fixed assets | 21 | €8,588 | €7,606 | -€982 | -11.4% |
| Tangible fixed assets | 22/27 | €3,828 | €3,750 | -€77 | -2.0% |
| Plant, machinery and equipment | 23 | €3,828 | €3,750 | -€77 | -2.0% |
| Financial fixed assets | 28 | - | €2,775 | +€2,775 | |
| Current assets | 29/58 | €365,374 | €330,532 | -€34,842 | -9.5% |
| Stocks and contracts in progress | 3 | €12,526 | €111,833 | +€99,307 | +793% |
| Stocks | 30/36 | €12,526 | €111,833 | +€99,307 | +793% |
| Amounts receivable within one year | 40/41 | €327,755 | €156,808 | -€170,947 | -52.2% |
| Trade receivables | 40 | €326,279 | €153,503 | -€172,776 | -53.0% |
| Other amounts receivable | 41 | €1,476 | €3,305 | +€1,829 | +124% |
| Cash at bank and in hand | 54/58 | €25,093 | €61,892 | +€36,799 | +147% |
| Total equity and liabilities | 10/49 | €377,790 | €344,664 | -€33,126 | -8.8% |
| Equity | 10/15 | €106,637 | €147,707 | +€41,070 | +38.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,637 | €132,707 | +€41,070 | +44.8% |
| Amounts payable | 17/49 | €271,153 | €196,957 | -€74,196 | -27.4% |
| Amounts payable within one year | 42/48 | €205,957 | €196,957 | -€9,000 | -4.4% |
| Financial debts | 43 | - | €15,880 | +€15,880 | |
| Credit institutions | 430/8 | - | €15,880 | +€15,880 | |
| Trade debts | 44 | €136,528 | €116,194 | -€20,335 | -14.9% |
| Suppliers | 440/4 | €136,528 | €116,194 | -€20,335 | -14.9% |
| Advances received on contracts in progress | 46 | €216 | €0 | -€216 | -100% |
| Taxes, remuneration and social security | 45 | €57,159 | €64,878 | +€7,719 | +13.5% |
| Taxes | 450/3 | €57,159 | €64,878 | +€7,719 | +13.5% |
| Other amounts payable | 47/48 | €12,054 | €5 | -€12,049 | -100.0% |
| Accrued charges and deferred income | 492/3 | €65,196 | €0 | -€65,196 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,524 | €3,448 | -€76 | -2.1% |
| Other operating charges | 640/8 | €1,421 | €3,294 | +€1,873 | +132% |
| Gross operating margin | 9900 | €117,711 | €56,951 | -€60,760 | -51.6% |
| Operating profit (loss) | 9901 | €112,765 | €50,208 | -€62,557 | -55.5% |
| Financial income | 75/76B | €9,965 | €4,102 | -€5,863 | -58.8% |
| Recurring financial income | 75 | €9,965 | €4,102 | -€5,863 | -58.8% |
| Financial charges | 65/66B | €5,348 | €1,551 | -€3,797 | -71.0% |
| Recurring financial charges | 65 | €5,348 | €1,551 | -€3,797 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €117,382 | €52,759 | -€64,623 | -55.1% |
| Income taxes | 67/77 | €25,745 | €11,689 | -€14,057 | -54.6% |
| Profit (loss) for the period | 9904 | €91,637 | €41,070 | -€50,566 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,637 | €41,070 | -€50,566 | -55.2% |
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 17 October 2026 via checked.be.