STUDIO MM: 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 MM
Largest movements
- Tangible fixed assets -€39,042
down €39,042 (-8.9%), from €437,984 to €398,942
of which Plant, machinery and equipment: -€33,366
- Deferred charges and accrued income +€28,736
up €28,736 (+1,246%), from €2,307 to €31,043
- Profit (loss) carried forward -€31,507
down €31,507 (-16.1%), from -€195,259 to -€226,765
- Debts after one year -€19,179
down €19,179 (-8.9%), from €215,990 to €196,811
- Other debts +€17,799
up €17,799 (+3.6%), from €492,764 to €510,563
- Tax, wage and social debts +€16,404
up €16,404 (+89.0%), from €18,426 to €34,830
of which Taxes: +€14,689
- Gross operating margin -€80,324
down €80,324 (-43.5%), from €184,811 to €104,487
- Other operating charges -€6,576
down €6,576 (-79.3%), from €8,290 to €1,714
- Staff costs -€2,990
down €2,990 (-3.3%), from €90,061 to €87,071
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 | €582,565 | €565,224 | -€17,341 | -3.0% |
| Fixed assets | 21/28 | €437,984 | €398,942 | -€39,042 | -8.9% |
| Tangible fixed assets | 22/27 | €437,984 | €398,942 | -€39,042 | -8.9% |
| Land and buildings | 22 | €12,908 | €11,287 | -€1,620 | -12.6% |
| Plant, machinery and equipment | 23 | €402,630 | €369,264 | -€33,366 | -8.3% |
| Furniture and vehicles | 24 | €22,447 | €18,391 | -€4,056 | -18.1% |
| Current assets | 29/58 | €144,581 | €166,282 | +€21,701 | +15.0% |
| Amounts receivable within one year | 40/41 | €140,364 | €134,812 | -€5,551 | -4.0% |
| Trade receivables | 40 | €77,513 | €78,090 | +€577 | +0.7% |
| Other amounts receivable | 41 | €62,851 | €56,722 | -€6,128 | -9.8% |
| Cash at bank and in hand | 54/58 | €1,910 | €426 | -€1,484 | -77.7% |
| Deferred charges and accrued income | 490/1 | €2,307 | €31,043 | +€28,736 | +1,246% |
| Total equity and liabilities | 10/49 | €582,565 | €565,224 | -€17,341 | -3.0% |
| Equity | 10/15 | -€174,854 | -€206,360 | -€31,507 | -18.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,259 | -€226,765 | -€31,507 | -16.1% |
| Amounts payable | 17/49 | €757,419 | €771,584 | +€14,166 | +1.9% |
| Amounts payable after more than one year | 17 | €215,990 | €196,811 | -€19,179 | -8.9% |
| Financial debts | 170/4 | €215,990 | €196,811 | -€19,179 | -8.9% |
| Amounts payable within one year | 42/48 | €541,429 | €573,949 | +€32,520 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €18,869 | €19,179 | +€310 | +1.6% |
| Trade debts | 44 | €11,370 | €9,377 | -€1,993 | -17.5% |
| Suppliers | 440/4 | €11,370 | €9,377 | -€1,993 | -17.5% |
| Taxes, remuneration and social security | 45 | €18,426 | €34,830 | +€16,404 | +89.0% |
| Taxes | 450/3 | €8,642 | €23,330 | +€14,689 | +170% |
| Remuneration and social security | 454/9 | €9,784 | €11,499 | +€1,715 | +17.5% |
| Other amounts payable | 47/48 | €492,764 | €510,563 | +€17,799 | +3.6% |
| Accrued charges and deferred income | 492/3 | - | €825 | +€825 | |
| Non-recurring operating income | 76A | €2,057 | €0 | -€2,057 | -100% |
| Remuneration, social security and pensions | 62 | €90,061 | €87,071 | -€2,990 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,972 | €40,232 | -€740 | -1.8% |
| Other operating charges | 640/8 | €8,290 | €1,714 | -€6,576 | -79.3% |
| Gross operating margin | 9900 | €184,811 | €104,487 | -€80,324 | -43.5% |
| Operating profit (loss) | 9901 | €45,489 | -€24,530 | -€70,019 | |
| Financial income | 75/76B | €24 | €0 | -€24 | -100% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100% |
| Financial charges | 65/66B | €4,897 | €6,149 | +€1,252 | +25.6% |
| Recurring financial charges | 65 | €4,897 | €6,149 | +€1,252 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €40,616 | -€30,679 | -€71,294 | |
| Income taxes | 67/77 | €1,095 | €828 | -€267 | -24.4% |
| Profit (loss) for the period | 9904 | €39,521 | -€31,507 | -€71,028 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,521 | -€31,507 | -€71,028 |
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 24 October 2026 via checked.be.