Studio Noble: 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 Noble
Largest movements
- Tangible fixed assets +€45,237
up €45,237 (+14304.3%), from €316 to €45,554
of which Furniture and vehicles: +€42,953
- Cash -€16,168
down €16,168 (-21.6%), from €74,992 to €58,824
mainly Investment in fixed assets (net) (-€50,217) and Tax, wage and social debts (-€11,373)
- Receivables within one year +€1,719
up €1,719 (+17.6%), from €9,767 to €11,486
of which Other amounts receivable: +€1,963
- Debts after one year +€25,736
new in 2025: €25,736
- Tax, wage and social debts -€11,373
down €11,373 (-42.2%), from €26,923 to €15,550
of which Taxes: -€15,483
- Current portion of long-term debt +€9,602
new in 2025: €9,602
- Trade debts +€7,843
up €7,843 (+192.4%), from €4,076 to €11,919
- Profit (loss) carried forward -€4,983
new in 2025: -€4,983
- Gross operating margin -€58,982
down €58,982 (-57.7%), from €102,195 to €43,213
- Taxes -€14,637
down €14,637 (-93.6%), from €15,645 to €1,009
- Depreciation +€4,583
up €4,583 (+437.9%), from €1,047 to €5,630
- Staff costs +€3,075
up €3,075 (+8.5%), from €36,089 to €39,164
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 | €95,967 | €126,106 | +€30,138 | +31.4% |
| Fixed assets | 21/28 | €11,208 | €55,796 | +€44,587 | +397.8% |
| Intangible fixed assets | 21 | €5,642 | €4,992 | -€650 | -11.5% |
| Tangible fixed assets | 22/27 | €316 | €45,554 | +€45,237 | +14304.3% |
| Plant, machinery and equipment | 23 | €316 | €2,601 | +€2,284 | +722.4% |
| Furniture and vehicles | 24 | - | €42,953 | +€42,953 | |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €84,759 | €70,310 | -€14,449 | -17.0% |
| Amounts receivable within one year | 40/41 | €9,767 | €11,486 | +€1,719 | +17.6% |
| Trade receivables | 40 | €245 | - | -€245 | |
| Other amounts receivable | 41 | €9,522 | €11,486 | +€1,963 | +20.6% |
| Cash at bank and in hand | 54/58 | €74,992 | €58,824 | -€16,168 | -21.6% |
| Total equity and liabilities | 10/49 | €95,967 | €126,106 | +€30,138 | +31.4% |
| Equity | 10/15 | €50,543 | €45,560 | -€4,983 | -9.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,043 | €48,043 | = | 0.0% |
| Distributable reserves | 133 | €48,043 | €48,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,983 | -€4,983 | |
| Amounts payable | 17/49 | €45,424 | €80,546 | +€35,122 | +77.3% |
| Amounts payable after more than one year | 17 | - | €25,736 | +€25,736 | |
| Financial debts | 170/4 | - | €25,736 | +€25,736 | |
| Amounts payable within one year | 42/48 | €45,424 | €54,810 | +€9,386 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,602 | +€9,602 | |
| Trade debts | 44 | €4,076 | €11,919 | +€7,843 | +192.4% |
| Suppliers | 440/4 | €4,076 | €11,919 | +€7,843 | +192.4% |
| Taxes, remuneration and social security | 45 | €26,923 | €15,550 | -€11,373 | -42.2% |
| Taxes | 450/3 | €24,878 | €9,395 | -€15,483 | -62.2% |
| Remuneration and social security | 454/9 | €2,045 | €6,156 | +€4,110 | +201.0% |
| Other amounts payable | 47/48 | €14,425 | €17,739 | +€3,314 | +23.0% |
| Remuneration, social security and pensions | 62 | €36,089 | €39,164 | +€3,075 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,047 | €5,630 | +€4,583 | +437.9% |
| Other operating charges | 640/8 | €1,201 | €1,310 | +€109 | +9.1% |
| Gross operating margin | 9900 | €102,195 | €43,213 | -€58,982 | -57.7% |
| Operating profit (loss) | 9901 | €63,859 | -€2,891 | -€66,749 | |
| Financial charges | 65/66B | €170 | €1,084 | +€914 | +538.3% |
| Recurring financial charges | 65 | €170 | €1,084 | +€914 | +538.3% |
| Profit (loss) for the period before taxes | 9903 | €63,689 | -€3,974 | -€67,663 | |
| Income taxes | 67/77 | €15,645 | €1,009 | -€14,637 | -93.6% |
| Profit (loss) for the period | 9904 | €48,043 | -€4,983 | -€53,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,043 | -€4,983 | -€53,027 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.