Studio MLM: 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 MLM
Largest movements
- Cash +€55,307
up €55,307 (+136.6%), from €40,485 to €95,793
mainly Net result for the year (+€90,624) and Other debts (+€90,624)
- Receivables within one year +€2,635
up €2,635 (+26.2%), from €10,040 to €12,675
of which Other amounts receivable: +€4,205
- Other debts +€90,624
new in 2025: €90,624
- Reserves -€27,905
down €27,905 (-100.0%), from €27,905 to €0
- Debts after one year -€5,344
down €5,344 (-100.0%), from €5,344 to €0
- Tax, wage and social debts +€1,535
up €1,535 (+9.6%), from €15,906 to €17,441
of which Remuneration and social security: +€2,472
- Gross operating margin +€86,219
up €86,219 (+258.9%), from €33,301 to €119,521
- Taxes +€18,842
up €18,842 (+285.4%), from €6,602 to €25,444
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 | €54,551 | €113,359 | +€58,807 | +107.8% |
| Formation expenses | 20 | €697 | €0 | -€697 | -100.0% |
| Fixed assets | 21/28 | €2,763 | €3,446 | +€684 | +24.7% |
| Tangible fixed assets | 22/27 | €2,763 | €3,446 | +€684 | +24.7% |
| Plant, machinery and equipment | 23 | €1,630 | €2,597 | +€967 | +59.4% |
| Furniture and vehicles | 24 | €1,133 | €849 | -€284 | -25.0% |
| Current assets | 29/58 | €51,092 | €109,912 | +€58,821 | +115.1% |
| Amounts receivable within one year | 40/41 | €10,040 | €12,675 | +€2,635 | +26.2% |
| Trade receivables | 40 | €10,040 | €8,470 | -€1,570 | -15.6% |
| Other amounts receivable | 41 | - | €4,205 | +€4,205 | |
| Cash at bank and in hand | 54/58 | €40,485 | €95,793 | +€55,307 | +136.6% |
| Deferred charges and accrued income | 490/1 | €567 | €1,445 | +€878 | +155.0% |
| Total equity and liabilities | 10/49 | €54,551 | €113,359 | +€58,807 | +107.8% |
| Equity | 10/15 | €30,905 | €3,000 | -€27,905 | -90.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,905 | €0 | -€27,905 | -100.0% |
| Distributable reserves | 133 | €27,905 | €0 | -€27,905 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,647 | €110,359 | +€86,712 | +366.7% |
| Amounts payable after more than one year | 17 | €5,344 | €0 | -€5,344 | -100.0% |
| Other amounts payable | 178/9 | €5,344 | €0 | -€5,344 | -100.0% |
| Amounts payable within one year | 42/48 | €18,303 | €110,359 | +€92,056 | +503.0% |
| Trade debts | 44 | €2,397 | €2,294 | -€103 | -4.3% |
| Suppliers | 440/4 | €2,397 | €2,294 | -€103 | -4.3% |
| Taxes, remuneration and social security | 45 | €15,906 | €17,441 | +€1,535 | +9.6% |
| Taxes | 450/3 | €15,906 | €14,969 | -€938 | -5.9% |
| Remuneration and social security | 454/9 | €0 | €2,472 | +€2,472 | |
| Other amounts payable | 47/48 | - | €90,624 | +€90,624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,403 | €1,885 | +€482 | +34.3% |
| Other operating charges | 640/8 | €1,791 | €1,114 | -€676 | -37.8% |
| Gross operating margin | 9900 | €33,301 | €119,521 | +€86,219 | +258.9% |
| Operating profit (loss) | 9901 | €30,107 | €116,522 | +€86,414 | +287.0% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €612 | €474 | -€138 | -22.6% |
| Recurring financial charges | 65 | €612 | €474 | -€138 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €29,496 | €116,069 | +€86,573 | +293.5% |
| Income taxes | 67/77 | €6,602 | €25,444 | +€18,842 | +285.4% |
| Profit (loss) for the period | 9904 | €22,893 | €90,624 | +€67,731 | +295.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,893 | €90,624 | +€67,731 | +295.9% |
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 29 September 2026 via checked.be.