STUDIO O'SULLIVAN: 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 O'SULLIVAN
Largest movements
- Cash +€30,705
up €30,705 (+96.2%), from €31,907 to €62,612
mainly Net result for the year (+€31,206) and Other debts (+€17,307)
- Receivables within one year +€20,466
up €20,466 (+1,598%), from €1,281 to €21,747
of which Trade receivables: +€19,931
- Deferred charges and accrued income -€4,558
down €4,558 (-87.9%), from €5,188 to €630
- Tangible fixed assets -€1,281
down €1,281 (-36.1%), from €3,552 to €2,271
- Other debts +€17,307
up €17,307 (+119%), from €14,507 to €31,813
- Reserves +€8,755
up €8,755 (+18.2%), from €48,137 to €56,892
of which Distributable reserves: +€8,755
- Profit (loss) carried forward +€7,903
no longer reported in 2025 (was -€7,903)
- Tax, wage and social debts +€6,878
up €6,878 (+124%), from €5,533 to €12,411
of which Taxes: +€4,004
- Trade debts +€4,342
up €4,342 (+175%), from €2,479 to €6,821
- Gross operating margin +€47,947
up €47,947, from -€4,270 to €43,677
- Taxes +€9,532
new in 2025: €9,532
- Depreciation -€789
down €789 (-22.1%), from €3,573 to €2,784
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 | €68,953 | €114,138 | +€45,185 | +65.5% |
| Fixed assets | 21/28 | €3,702 | €2,421 | -€1,281 | -34.6% |
| Tangible fixed assets | 22/27 | €3,552 | €2,271 | -€1,281 | -36.1% |
| Furniture and vehicles | 24 | €3,552 | €2,271 | -€1,281 | -36.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €65,251 | €111,717 | +€46,466 | +71.2% |
| Stocks and contracts in progress | 3 | €26,875 | €26,728 | -€147 | -0.5% |
| Stocks | 30/36 | €26,875 | €26,728 | -€147 | -0.5% |
| Amounts receivable within one year | 40/41 | €1,281 | €21,747 | +€20,466 | +1,598% |
| Trade receivables | 40 | €290 | €20,221 | +€19,931 | +6,875% |
| Other amounts receivable | 41 | €991 | €1,526 | +€535 | +53.9% |
| Cash at bank and in hand | 54/58 | €31,907 | €62,612 | +€30,705 | +96.2% |
| Deferred charges and accrued income | 490/1 | €5,188 | €630 | -€4,558 | -87.9% |
| Total equity and liabilities | 10/49 | €68,953 | €114,138 | +€45,185 | +65.5% |
| Equity | 10/15 | €46,435 | €63,092 | +€16,658 | +35.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,137 | €56,892 | +€8,755 | +18.2% |
| 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 | €46,277 | €55,032 | +€8,755 | +18.9% |
| Profit (loss) carried forward | 14 | -€7,903 | - | +€7,903 | |
| Amounts payable | 17/49 | €22,519 | €51,046 | +€28,527 | +127% |
| Amounts payable within one year | 42/48 | €22,519 | €51,046 | +€28,527 | +127% |
| Trade debts | 44 | €2,479 | €6,821 | +€4,342 | +175% |
| Suppliers | 440/4 | €2,479 | €6,821 | +€4,342 | +175% |
| Taxes, remuneration and social security | 45 | €5,533 | €12,411 | +€6,878 | +124% |
| Taxes | 450/3 | €5,533 | €9,537 | +€4,004 | +72.4% |
| Remuneration and social security | 454/9 | - | €2,874 | +€2,874 | |
| Other amounts payable | 47/48 | €14,507 | €31,813 | +€17,307 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,573 | €2,784 | -€789 | -22.1% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | -€4,270 | €43,677 | +€47,947 | |
| Operating profit (loss) | 9901 | -€7,908 | €40,827 | +€48,734 | |
| Financial income | 75/76B | €175 | €160 | -€16 | -8.9% |
| Recurring financial income | 75 | €175 | €160 | -€16 | -8.9% |
| Financial charges | 65/66B | €170 | €248 | +€79 | +46.3% |
| Recurring financial charges | 65 | €170 | €248 | +€79 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,903 | €40,738 | +€48,640 | |
| Income taxes | 67/77 | - | €9,532 | +€9,532 | |
| Profit (loss) for the period | 9904 | -€7,903 | €31,206 | +€39,108 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,903 | €31,206 | +€39,108 |
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 22 October 2026 via checked.be.