Studio Mitch: 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 Mitch
Largest movements
- Receivables within one year +€20,904
up €20,904 (+288.9%), from €7,237 to €28,141
of which Trade receivables: +€20,603
- Cash -€3,778
down €3,778 (-6.1%), from €61,478 to €57,700
mainly Receivables within one year (-€20,904) and Accrued charges and deferred income (-€1,399)
- Tangible fixed assets -€2,304
down €2,304 (-81.0%), from €2,845 to €541
- Deferred charges and accrued income -€1,022
down €1,022 (-69.7%), from €1,466 to €444
- Reserves +€14,531
up €14,531 (+26.8%), from €54,225 to €68,756
- Accrued charges and deferred income -€1,399
down €1,399 (-77.8%), from €1,799 to €400
- Gross operating margin -€17,678
down €17,678 (-41.2%), from €42,895 to €25,216
- Taxes -€4,330
down €4,330 (-40.4%), from €10,717 to €6,387
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 | €73,394 | €86,838 | +€13,444 | +18.3% |
| Fixed assets | 21/28 | €3,213 | €553 | -€2,661 | -82.8% |
| Intangible fixed assets | 21 | €368 | €12 | -€357 | -96.8% |
| Tangible fixed assets | 22/27 | €2,845 | €541 | -€2,304 | -81.0% |
| Furniture and vehicles | 24 | €2,845 | €541 | -€2,304 | -81.0% |
| Current assets | 29/58 | €70,181 | €86,285 | +€16,105 | +22.9% |
| Amounts receivable within one year | 40/41 | €7,237 | €28,141 | +€20,904 | +288.9% |
| Trade receivables | 40 | €7,237 | €27,840 | +€20,603 | +284.7% |
| Other amounts receivable | 41 | €0 | €301 | +€301 | |
| Cash at bank and in hand | 54/58 | €61,478 | €57,700 | -€3,778 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,466 | €444 | -€1,022 | -69.7% |
| Total equity and liabilities | 10/49 | €73,394 | €86,838 | +€13,444 | +18.3% |
| Equity | 10/15 | €57,225 | €71,756 | +€14,531 | +25.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,225 | €68,756 | +€14,531 | +26.8% |
| Distributable reserves | 133 | €54,225 | €68,756 | +€14,531 | +26.8% |
| Amounts payable | 17/49 | €16,169 | €15,082 | -€1,087 | -6.7% |
| Amounts payable within one year | 42/48 | €14,370 | €14,682 | +€312 | +2.2% |
| Trade debts | 44 | €542 | €194 | -€349 | -64.3% |
| Suppliers | 440/4 | €542 | €194 | -€349 | -64.3% |
| Taxes, remuneration and social security | 45 | €5,283 | €5,635 | +€352 | +6.7% |
| Taxes | 450/3 | €5,283 | €5,635 | +€352 | +6.7% |
| Other amounts payable | 47/48 | €8,545 | €8,853 | +€308 | +3.6% |
| Accrued charges and deferred income | 492/3 | €1,799 | €400 | -€1,399 | -77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,661 | €2,661 | = | 0.0% |
| Other operating charges | 640/8 | €852 | €899 | +€46 | +5.4% |
| Gross operating margin | 9900 | €42,895 | €25,216 | -€17,678 | -41.2% |
| Operating profit (loss) | 9901 | €39,382 | €21,657 | -€17,725 | -45.0% |
| Financial income | 75/76B | €150 | €0 | -€150 | -100.0% |
| Recurring financial income | 75 | €150 | €0 | -€150 | -100.0% |
| Financial charges | 65/66B | €509 | €739 | +€230 | +45.2% |
| Recurring financial charges | 65 | €509 | €739 | +€230 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €39,023 | €20,918 | -€18,104 | -46.4% |
| Income taxes | 67/77 | €10,717 | €6,387 | -€4,330 | -40.4% |
| Profit (loss) for the period | 9904 | €28,306 | €14,531 | -€13,774 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,306 | €14,531 | -€13,774 | -48.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.