Studio NF: 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 NF
Largest movements
- Tangible fixed assets -€4,629
down €4,629 (-13.8%), from €33,501 to €28,871
of which Other tangible fixed assets: -€2,791
- Stocks and contracts +€3,223
up €3,223 (+29.8%), from €10,808 to €14,030
- Cash -€2,526
down €2,526 (-25.5%), from €9,906 to €7,380
mainly Stocks and contracts (-€3,223) and Accrued charges and deferred income (-€2,500)
- Accrued charges and deferred income -€2,500
down €2,500 (-11.1%), from €22,500 to €20,000
- Profit (loss) carried forward -€1,073
down €1,073 (-4.0%), from -€26,992 to -€28,065
- Tax, wage and social debts -€732
down €732 (-12.9%), from €5,663 to €4,931
of which Remuneration and social security: -€1,181
- Gross operating margin +€39,186
up €39,186, from -€5,736 to €33,450
- Staff costs +€10,982
up €10,982 (+61.9%), from €17,740 to €28,722
- Depreciation +€1,030
up €1,030 (+28.6%), from €3,599 to €4,629
- Financial charges +€948
up €948 (+252.6%), from €375 to €1,324
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 | €55,017 | €51,062 | -€3,955 | -7.2% |
| Fixed assets | 21/28 | €33,501 | €28,871 | -€4,629 | -13.8% |
| Tangible fixed assets | 22/27 | €33,501 | €28,871 | -€4,629 | -13.8% |
| Plant, machinery and equipment | 23 | €3,945 | €3,008 | -€937 | -23.7% |
| Furniture and vehicles | 24 | €3,772 | €2,870 | -€902 | -23.9% |
| Other tangible fixed assets | 26 | €25,784 | €22,993 | -€2,791 | -10.8% |
| Current assets | 29/58 | €21,516 | €22,191 | +€675 | +3.1% |
| Stocks and contracts in progress | 3 | €10,808 | €14,030 | +€3,223 | +29.8% |
| Stocks | 30/36 | €10,808 | €14,030 | +€3,223 | +29.8% |
| Amounts receivable within one year | 40/41 | €803 | €781 | -€22 | -2.8% |
| Trade receivables | 40 | €803 | €781 | -€22 | -2.8% |
| Cash at bank and in hand | 54/58 | €9,906 | €7,380 | -€2,526 | -25.5% |
| Total equity and liabilities | 10/49 | €55,017 | €51,062 | -€3,955 | -7.2% |
| Equity | 10/15 | -€16,992 | -€18,065 | -€1,073 | -6.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,992 | -€28,065 | -€1,073 | -4.0% |
| Amounts payable | 17/49 | €72,009 | €69,128 | -€2,881 | -4.0% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,509 | €14,128 | -€381 | -2.6% |
| Trade debts | 44 | €2,018 | €2,345 | +€326 | +16.2% |
| Suppliers | 440/4 | €2,018 | €2,345 | +€326 | +16.2% |
| Taxes, remuneration and social security | 45 | €5,663 | €4,931 | -€732 | -12.9% |
| Taxes | 450/3 | €4,482 | €4,931 | +€449 | +10.0% |
| Remuneration and social security | 454/9 | €1,181 | - | -€1,181 | |
| Other amounts payable | 47/48 | €6,827 | €6,852 | +€25 | +0.4% |
| Accrued charges and deferred income | 492/3 | €22,500 | €20,000 | -€2,500 | -11.1% |
| Remuneration, social security and pensions | 62 | €17,740 | €28,722 | +€10,982 | +61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,599 | €4,629 | +€1,030 | +28.6% |
| Gross operating margin | 9900 | -€5,736 | €33,450 | +€39,186 | |
| Operating profit (loss) | 9901 | -€27,075 | €98 | +€27,174 | |
| Financial income | 75/76B | €459 | €152 | -€307 | -66.8% |
| Recurring financial income | 75 | €459 | €152 | -€307 | -66.8% |
| Financial charges | 65/66B | €375 | €1,324 | +€948 | +252.6% |
| Recurring financial charges | 65 | €375 | €1,324 | +€948 | +252.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,992 | -€1,073 | +€25,919 | +96.0% |
| Profit (loss) for the period | 9904 | -€26,992 | -€1,073 | +€25,919 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,992 | -€1,073 | +€25,919 | +96.0% |
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 10 October 2026 via checked.be.