STUDIO NORDD: 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 NORDD
Largest movements
- Tangible fixed assets +€28,418
new in 2025: €28,418
- Receivables within one year +€6,045
up €6,045 (+37.1%), from €16,311 to €22,356
of which Other amounts receivable: +€22,206
- Cash +€3,217
up €3,217 (+30.8%), from €10,450 to €13,667
mainly Debts after one year (+€125,000) and Trade debts (+€7,986)
- Debts after one year +€125,000
up €125,000 (+500.0%), from €25,000 to €150,000
- Profit (loss) carried forward -€93,479
down €93,479 (-1167.3%), from -€8,008 to -€101,487
- Trade debts +€7,986
up €7,986 (+866.6%), from €922 to €8,907
- Tax, wage and social debts -€2,675
down €2,675 (-100.0%), from €2,675 to €0
- Other debts +€1,401
up €1,401 (+119.5%), from €1,173 to €2,573
- Gross operating margin -€86,743
down €86,743 (-2746.7%), from -€3,158 to -€89,902
- Depreciation -€1,533
down €1,533 (-67.1%), from €2,285 to €753
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 | €26,761 | €64,994 | +€38,233 | +142.9% |
| Fixed assets | 21/28 | - | €28,418 | +€28,418 | |
| Tangible fixed assets | 22/27 | - | €28,418 | +€28,418 | |
| Plant, machinery and equipment | 23 | - | €28,418 | +€28,418 | |
| Current assets | 29/58 | €26,761 | €36,576 | +€9,815 | +36.7% |
| Amounts receivable within one year | 40/41 | €16,311 | €22,356 | +€6,045 | +37.1% |
| Trade receivables | 40 | €16,161 | €0 | -€16,161 | -100.0% |
| Other amounts receivable | 41 | €150 | €22,356 | +€22,206 | +14803.7% |
| Cash at bank and in hand | 54/58 | €10,450 | €13,667 | +€3,217 | +30.8% |
| Deferred charges and accrued income | 490/1 | - | €553 | +€553 | |
| Total equity and liabilities | 10/49 | €26,761 | €64,994 | +€38,233 | +142.9% |
| Equity | 10/15 | -€3,008 | -€96,487 | -€93,479 | -3107.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,008 | -€101,487 | -€93,479 | -1167.3% |
| Amounts payable | 17/49 | €29,769 | €161,480 | +€131,712 | +442.4% |
| Amounts payable after more than one year | 17 | €25,000 | €150,000 | +€125,000 | +500.0% |
| Financial debts | 170/4 | €25,000 | €150,000 | +€125,000 | +500.0% |
| Amounts payable within one year | 42/48 | €4,769 | €11,480 | +€6,712 | +140.7% |
| Trade debts | 44 | €922 | €8,907 | +€7,986 | +866.6% |
| Suppliers | 440/4 | €922 | €8,907 | +€7,986 | +866.6% |
| Taxes, remuneration and social security | 45 | €2,675 | €0 | -€2,675 | -100.0% |
| Taxes | 450/3 | €2,675 | €0 | -€2,675 | -100.0% |
| Other amounts payable | 47/48 | €1,173 | €2,573 | +€1,401 | +119.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,285 | €753 | -€1,533 | -67.1% |
| Other operating charges | 640/8 | €1,357 | €1,214 | -€142 | -10.5% |
| Gross operating margin | 9900 | -€3,158 | -€89,902 | -€86,743 | -2746.7% |
| Operating profit (loss) | 9901 | -€6,800 | -€91,868 | -€85,068 | -1251.0% |
| Financial income | 75/76B | €150 | €0 | -€150 | -100.0% |
| Recurring financial income | 75 | €150 | €0 | -€150 | -100.0% |
| Financial charges | 65/66B | €1,358 | €1,611 | +€253 | +18.6% |
| Recurring financial charges | 65 | €1,358 | €1,611 | +€253 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,008 | -€93,479 | -€85,471 | -1067.3% |
| Profit (loss) for the period | 9904 | -€8,008 | -€93,479 | -€85,471 | -1067.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,008 | -€93,479 | -€85,471 | -1067.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.