STUDIO MT: 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 MT
Largest movements
- Tangible fixed assets +€40,250
up €40,250 (+148%), from €27,250 to €67,500
of which Furniture and vehicles: +€35,353
- Receivables within one year -€3,274
down €3,274 (-58.6%), from €5,590 to €2,315
of which Trade receivables: -€3,274
- Cash -€2,355
down €2,355 (-20.0%), from €11,755 to €9,400
mainly Investment in fixed assets (net) (-€48,852) and Contributions, distributions and other (-€5,500)
- Deferred charges and accrued income +€2,207
up €2,207 (+73.0%), from €3,025 to €5,231
- Debts after one year +€23,033
up €23,033 (+618%), from €3,726 to €26,759
- Profit (loss) carried forward +€9,875
up €9,875, from -€9,528 to €347
- Reserves +€9,500
up €9,500 (+42.5%), from €22,360 to €31,860
of which Distributable reserves: +€9,500
- Other debts -€5,500
down €5,500 (-47.0%), from €11,713 to €6,213
- Tax, wage and social debts +€2,911
up €2,911 (+533%), from €546 to €3,458
- Gross operating margin +€27,014
up €27,014 (+149%), from €18,157 to €45,171
- Taxes +€8,984
new in 2025: €8,984
- Depreciation -€8,331
down €8,331 (-49.2%), from €16,934 to €8,602
- Other operating charges -€841
down €841 (-85.1%), from €988 to €147
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 | €48,423 | €85,506 | +€37,083 | +76.6% |
| Fixed assets | 21/28 | €27,250 | €67,500 | +€40,250 | +148% |
| Tangible fixed assets | 22/27 | €27,250 | €67,500 | +€40,250 | +148% |
| Plant, machinery and equipment | 23 | - | €1,219 | +€1,219 | |
| Furniture and vehicles | 24 | €21,446 | €56,798 | +€35,353 | +165% |
| Other tangible fixed assets | 26 | €5,804 | €9,482 | +€3,679 | +63.4% |
| Current assets | 29/58 | €21,173 | €18,007 | -€3,167 | -15.0% |
| Stocks and contracts in progress | 3 | €804 | €1,060 | +€256 | +31.8% |
| Stocks | 30/36 | €804 | €1,060 | +€256 | +31.8% |
| Amounts receivable within one year | 40/41 | €5,590 | €2,315 | -€3,274 | -58.6% |
| Trade receivables | 40 | €5,590 | €2,315 | -€3,274 | -58.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,755 | €9,400 | -€2,355 | -20.0% |
| Deferred charges and accrued income | 490/1 | €3,025 | €5,231 | +€2,207 | +73.0% |
| Total equity and liabilities | 10/49 | €48,423 | €85,506 | +€37,083 | +76.6% |
| Equity | 10/15 | €19,032 | €38,407 | +€19,375 | +102% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,360 | €31,860 | +€9,500 | +42.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,500 | €30,000 | +€9,500 | +46.3% |
| Profit (loss) carried forward | 14 | -€9,528 | €347 | +€9,875 | |
| Amounts payable | 17/49 | €29,392 | €47,100 | +€17,708 | +60.2% |
| Amounts payable after more than one year | 17 | €3,726 | €26,759 | +€23,033 | +618% |
| Financial debts | 170/4 | €3,726 | €26,759 | +€23,033 | +618% |
| Amounts payable within one year | 42/48 | €25,666 | €20,341 | -€5,325 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €9,219 | €6,618 | -€2,601 | -28.2% |
| Trade debts | 44 | €4,188 | €4,052 | -€136 | -3.2% |
| Suppliers | 440/4 | €4,188 | €4,052 | -€136 | -3.2% |
| Taxes, remuneration and social security | 45 | €546 | €3,458 | +€2,911 | +533% |
| Taxes | 450/3 | €546 | €3,458 | +€2,911 | +533% |
| Other amounts payable | 47/48 | €11,713 | €6,213 | -€5,500 | -47.0% |
| Remuneration, social security and pensions | 62 | €1,349 | €1,637 | +€288 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,934 | €8,602 | -€8,331 | -49.2% |
| Other operating charges | 640/8 | €988 | €147 | -€841 | -85.1% |
| Gross operating margin | 9900 | €18,157 | €45,171 | +€27,014 | +149% |
| Operating profit (loss) | 9901 | -€1,113 | €34,785 | +€35,899 | |
| Financial income | 75/76B | €103 | €2 | -€102 | -98.3% |
| Recurring financial income | 75 | €103 | €2 | -€102 | -98.3% |
| Financial charges | 65/66B | €554 | €928 | +€374 | +67.6% |
| Recurring financial charges | 65 | €554 | €928 | +€374 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,564 | €33,859 | +€35,423 | |
| Income taxes | 67/77 | - | €8,984 | +€8,984 | |
| Profit (loss) for the period | 9904 | -€1,564 | €24,875 | +€26,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,564 | €24,875 | +€26,439 |
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 28 October 2026 via checked.be.