STUDIO OTAMENDI: 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 OTAMENDI
Largest movements
- Cash -€5,276
down €5,276 (-31.9%), from €16,554 to €11,278
mainly Net result for the year (-€11,734) and Receivables within one year (-€2,196)
- Receivables within one year +€2,196
up €2,196 (+46.0%), from €4,771 to €6,967
- Profit (loss) carried forward -€11,734
down €11,734 (-42.0%), from -€27,929 to -€39,663
- Other debts +€7,702
up €7,702 (+20.6%), from €37,325 to €45,027
- Tax, wage and social debts +€491
up €491 (+35.6%), from €1,380 to €1,871
- Trade debts +€459
up €459 (+13.4%), from €3,419 to €3,877
- Gross operating margin -€10,554
down €10,554 (-2,874%), from -€367 to -€10,922
- Depreciation -€838
no longer reported in 2025 (was €838)
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 | €22,255 | €19,173 | -€3,082 | -13.8% |
| Fixed assets | 21/28 | €308 | €308 | = | 0.0% |
| Financial fixed assets | 28 | €308 | €308 | = | 0.0% |
| Current assets | 29/58 | €21,947 | €18,865 | -€3,082 | -14.0% |
| Amounts receivable within one year | 40/41 | €4,771 | €6,967 | +€2,196 | +46.0% |
| Trade receivables | 40 | €4,771 | €6,967 | +€2,196 | +46.0% |
| Cash at bank and in hand | 54/58 | €16,554 | €11,278 | -€5,276 | -31.9% |
| Deferred charges and accrued income | 490/1 | €622 | €620 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €22,255 | €19,173 | -€3,082 | -13.8% |
| Equity | 10/15 | -€19,869 | -€31,603 | -€11,734 | -59.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,929 | -€39,663 | -€11,734 | -42.0% |
| Amounts payable | 17/49 | €42,123 | €50,775 | +€8,652 | +20.5% |
| Amounts payable within one year | 42/48 | €42,123 | €50,775 | +€8,652 | +20.5% |
| Trade debts | 44 | €3,419 | €3,877 | +€459 | +13.4% |
| Suppliers | 440/4 | €3,419 | €3,877 | +€459 | +13.4% |
| Taxes, remuneration and social security | 45 | €1,380 | €1,871 | +€491 | +35.6% |
| Taxes | 450/3 | €1,380 | €1,871 | +€491 | +35.6% |
| Other amounts payable | 47/48 | €37,325 | €45,027 | +€7,702 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | - | -€838 | |
| Other operating charges | 640/8 | €570 | €586 | +€16 | +2.8% |
| Gross operating margin | 9900 | -€367 | -€10,922 | -€10,554 | -2,874% |
| Operating profit (loss) | 9901 | -€1,776 | -€11,508 | -€9,732 | -548% |
| Financial charges | 65/66B | €65 | €87 | +€22 | +34.7% |
| Recurring financial charges | 65 | €65 | €87 | +€22 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,840 | -€11,595 | -€9,755 | -530% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | -€1,972 | -€11,734 | -€9,763 | -495% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,972 | -€11,734 | -€9,763 | -495% |
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 30 October 2026 via checked.be.