STUDIO-MORI: 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-MORI
Largest movements
- Current investments +€229,882
up €229,882 (+332.5%), from €69,133 to €299,015
- Financial fixed assets -€153,922
down €153,922 (-88.5%), from €173,922 to €20,000
- Cash -€41,797
down €41,797 (-39.6%), from €105,478 to €63,681
mainly Current investments (-€229,882) and Tax, wage and social debts (-€22,143)
- Receivables within one year -€14,279
down €14,279 (-22.1%), from €64,684 to €50,405
of which Other amounts receivable: -€12,838
- Tangible fixed assets +€5,148
up €5,148 (+57.7%), from €8,924 to €14,072
of which Furniture and vehicles: +€6,816
- Reserves +€38,113
up €38,113 (+46.6%), from €81,860 to €119,973
- Tax, wage and social debts -€22,143
down €22,143 (-72.2%), from €30,682 to €8,539
of which Taxes: -€22,256
- Current portion of long-term debt -€7,510
down €7,510 (-100.0%), from €7,510 to €0
- Short-term financial debts +€7,489
new in 2025: €7,489
- Trade debts +€5,791
up €5,791 (+278.5%), from €2,079 to €7,870
- Gross operating margin +€9,524
up €9,524 (+10.0%), from €95,678 to €105,202
- Financial income -€4,526
down €4,526 (-50.8%), from €8,900 to €4,374
of which Financial income: -€4,526
- Staff costs +€1,581
up €1,581 (+3.2%), from €49,974 to €51,555
- Taxes -€1,504
down €1,504 (-8.8%), from €17,137 to €15,633
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 | €430,646 | €451,984 | +€21,338 | +5.0% |
| Fixed assets | 21/28 | €182,846 | €34,072 | -€148,774 | -81.4% |
| Tangible fixed assets | 22/27 | €8,924 | €14,072 | +€5,148 | +57.7% |
| Plant, machinery and equipment | 23 | €4,458 | €2,789 | -€1,669 | -37.4% |
| Furniture and vehicles | 24 | €4,466 | €11,282 | +€6,816 | +152.6% |
| Financial fixed assets | 28 | €173,922 | €20,000 | -€153,922 | -88.5% |
| Current assets | 29/58 | €247,800 | €417,912 | +€170,112 | +68.6% |
| Amounts receivable within one year | 40/41 | €64,684 | €50,405 | -€14,279 | -22.1% |
| Trade receivables | 40 | €23,090 | €21,650 | -€1,440 | -6.2% |
| Other amounts receivable | 41 | €41,594 | €28,756 | -€12,838 | -30.9% |
| Current investments | 50/53 | €69,133 | €299,015 | +€229,882 | +332.5% |
| Cash at bank and in hand | 54/58 | €105,478 | €63,681 | -€41,797 | -39.6% |
| Deferred charges and accrued income | 490/1 | €8,505 | €4,810 | -€3,695 | -43.4% |
| Total equity and liabilities | 10/49 | €430,646 | €451,984 | +€21,338 | +5.0% |
| Equity | 10/15 | €389,973 | €428,086 | +€38,113 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €81,860 | €119,973 | +€38,113 | +46.6% |
| Distributable reserves | 133 | €81,860 | €119,973 | +€38,113 | +46.6% |
| Profit (loss) carried forward | 14 | €289,513 | €289,513 | -€0 | 0.0% |
| Amounts payable | 17/49 | €40,673 | €23,898 | -€16,775 | -41.2% |
| Amounts payable within one year | 42/48 | €40,272 | €23,898 | -€16,374 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €7,510 | €0 | -€7,510 | -100.0% |
| Financial debts | 43 | - | €7,489 | +€7,489 | |
| Credit institutions | 430/8 | - | €7,489 | +€7,489 | |
| Trade debts | 44 | €2,079 | €7,870 | +€5,791 | +278.5% |
| Suppliers | 440/4 | €2,079 | €7,870 | +€5,791 | +278.5% |
| Taxes, remuneration and social security | 45 | €30,682 | €8,539 | -€22,143 | -72.2% |
| Taxes | 450/3 | €27,474 | €5,218 | -€22,256 | -81.0% |
| Remuneration and social security | 454/9 | €3,208 | €3,321 | +€113 | +3.5% |
| Other amounts payable | 47/48 | €1 | €0 | -€1 | -100.0% |
| Accrued charges and deferred income | 492/3 | €401 | €0 | -€401 | -100.0% |
| Non-recurring operating income | 76A | - | €4,282 | +€4,282 | |
| Remuneration, social security and pensions | 62 | €49,974 | €51,555 | +€1,581 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,205 | €3,295 | -€910 | -21.7% |
| Other operating charges | 640/8 | - | €175 | +€175 | |
| Gross operating margin | 9900 | €95,678 | €105,202 | +€9,524 | +10.0% |
| Operating profit (loss) | 9901 | €41,499 | €50,178 | +€8,679 | +20.9% |
| Financial income | 75/76B | €8,900 | €4,374 | -€4,526 | -50.8% |
| Recurring financial income | 75 | €8,900 | €4,374 | -€4,526 | -50.8% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €810 | €807 | -€3 | -0.4% |
| Recurring financial charges | 65 | €810 | €807 | -€3 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €49,589 | €53,746 | +€4,157 | +8.4% |
| Income taxes | 67/77 | €17,137 | €15,633 | -€1,504 | -8.8% |
| Profit (loss) for the period | 9904 | €32,452 | €38,113 | +€5,661 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,452 | €38,113 | +€5,661 | +17.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.