STUDIO NOMA: 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 NOMA
Largest movements
- Tangible fixed assets -€224,178
no longer reported in 2025 (was €224,178)
- Receivables within one year -€5,061
down €5,061 (-67.5%), from €7,503 to €2,442
of which Trade receivables: -€2,800
- Debts after one year -€185,799
no longer reported in 2025 (was €185,799)
- Other debts -€80,469
down €80,469 (-96.3%), from €83,541 to €3,072
- Profit (loss) carried forward +€37,673
up €37,673 (+88.1%), from -€42,744 to -€5,071
- Gross operating margin +€54,296
up €54,296, from -€9,849 to €44,447
- Financial charges -€9,196
down €9,196 (-66.6%), from €13,804 to €4,608
- Depreciation -€7,059
no longer reported in 2025 (was €7,059)
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 | €232,796 | €3,001 | -€229,796 | -98.7% |
| Fixed assets | 21/28 | €224,178 | - | -€224,178 | |
| Tangible fixed assets | 22/27 | €224,178 | - | -€224,178 | |
| Land and buildings | 22 | €224,178 | - | -€224,178 | |
| Current assets | 29/58 | €8,618 | €3,001 | -€5,618 | -65.2% |
| Amounts receivable within one year | 40/41 | €7,503 | €2,442 | -€5,061 | -67.5% |
| Trade receivables | 40 | €2,800 | - | -€2,800 | |
| Other amounts receivable | 41 | €4,703 | €2,442 | -€2,261 | -48.1% |
| Cash at bank and in hand | 54/58 | €1,115 | €559 | -€556 | -49.9% |
| Total equity and liabilities | 10/49 | €232,796 | €3,001 | -€229,796 | -98.7% |
| Equity | 10/15 | -€37,744 | -€71 | +€37,673 | +99.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,744 | -€5,071 | +€37,673 | +88.1% |
| Amounts payable | 17/49 | €270,540 | €3,072 | -€267,468 | -98.9% |
| Amounts payable after more than one year | 17 | €185,799 | - | -€185,799 | |
| Financial debts | 170/4 | €185,799 | - | -€185,799 | |
| Amounts payable within one year | 42/48 | €84,741 | €3,072 | -€81,669 | -96.4% |
| Trade debts | 44 | €1,200 | - | -€1,200 | |
| Suppliers | 440/4 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €83,541 | €3,072 | -€80,469 | -96.3% |
| Non-recurring operating income | 76A | - | €57,822 | +€57,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,059 | - | -€7,059 | |
| Other operating charges | 640/8 | €2,255 | €2,167 | -€88 | -3.9% |
| Gross operating margin | 9900 | -€9,849 | €44,447 | +€54,296 | |
| Operating profit (loss) | 9901 | -€19,163 | €42,280 | +€61,443 | |
| Financial charges | 65/66B | €13,804 | €4,608 | -€9,196 | -66.6% |
| Recurring financial charges | 65 | €13,804 | €4,608 | -€9,196 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,967 | €37,672 | +€70,639 | |
| Profit (loss) for the period | 9904 | -€32,967 | €37,672 | +€70,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,967 | €37,672 | +€70,639 |
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 23 October 2026 via checked.be.