STUDIO PERSPECTIEF: 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 PERSPECTIEF
Largest movements
- Tangible fixed assets -€17,313
down €17,313 (-22.9%), from €75,650 to €58,337
of which Furniture and vehicles: -€19,209
- Cash +€11,099
up €11,099 (+52.4%), from €21,166 to €32,265
mainly Depreciation (+€21,805) and Net result for the year (+€5,137)
- Current investments -€4,787
down €4,787 (-13.3%), from €36,026 to €31,239
- Tax, wage and social debts -€10,499
down €10,499 (-74.2%), from €14,146 to €3,647
of which Taxes: -€5,597
- Profit (loss) carried forward +€5,137
up €5,137, from -€4,739 to €398
- Trade debts -€2,948
down €2,948 (-45.4%), from €6,489 to €3,541
- Other debts -€2,275
down €2,275 (-3.4%), from €66,717 to €64,442
- Accrued charges and deferred income -€1,602
no longer reported in 2025 (was €1,602)
- Depreciation -€7,037
down €7,037 (-24.4%), from €28,842 to €21,805
- Gross operating margin -€4,814
down €4,814 (-11.9%), from €40,493 to €35,679
- Financial charges -€1,550
down €1,550 (-25.7%), from €6,041 to €4,491
- Taxes +€877
up €877 (+45.8%), from €1,913 to €2,790
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 | €146,236 | €134,049 | -€12,187 | -8.3% |
| Fixed assets | 21/28 | €75,650 | €58,337 | -€17,313 | -22.9% |
| Tangible fixed assets | 22/27 | €75,650 | €58,337 | -€17,313 | -22.9% |
| Plant, machinery and equipment | 23 | - | €1,896 | +€1,896 | |
| Furniture and vehicles | 24 | €75,650 | €56,441 | -€19,209 | -25.4% |
| Current assets | 29/58 | €70,586 | €75,712 | +€5,126 | +7.3% |
| Amounts receivable within one year | 40/41 | €13,274 | €12,016 | -€1,258 | -9.5% |
| Trade receivables | 40 | €11,613 | €5,670 | -€5,943 | -51.2% |
| Other amounts receivable | 41 | €1,661 | €6,346 | +€4,685 | +282.1% |
| Current investments | 50/53 | €36,026 | €31,239 | -€4,787 | -13.3% |
| Cash at bank and in hand | 54/58 | €21,166 | €32,265 | +€11,099 | +52.4% |
| Deferred charges and accrued income | 490/1 | €120 | €192 | +€72 | +60.0% |
| Total equity and liabilities | 10/49 | €146,236 | €134,049 | -€12,187 | -8.3% |
| Equity | 10/15 | €57,282 | €62,419 | +€5,137 | +9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,621 | €49,621 | = | 0.0% |
| Distributable reserves | 133 | €49,621 | €49,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,739 | €398 | +€5,137 | |
| Amounts payable | 17/49 | €88,954 | €71,630 | -€17,324 | -19.5% |
| Amounts payable within one year | 42/48 | €87,352 | €71,630 | -€15,722 | -18.0% |
| Trade debts | 44 | €6,489 | €3,541 | -€2,948 | -45.4% |
| Suppliers | 440/4 | €6,489 | €3,541 | -€2,948 | -45.4% |
| Taxes, remuneration and social security | 45 | €14,146 | €3,647 | -€10,499 | -74.2% |
| Taxes | 450/3 | €9,046 | €3,449 | -€5,597 | -61.9% |
| Remuneration and social security | 454/9 | €5,100 | €198 | -€4,902 | -96.1% |
| Other amounts payable | 47/48 | €66,717 | €64,442 | -€2,275 | -3.4% |
| Accrued charges and deferred income | 492/3 | €1,602 | - | -€1,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,842 | €21,805 | -€7,037 | -24.4% |
| Other operating charges | 640/8 | €2,014 | €1,780 | -€234 | -11.6% |
| Gross operating margin | 9900 | €40,493 | €35,679 | -€4,814 | -11.9% |
| Operating profit (loss) | 9901 | €9,637 | €12,094 | +€2,457 | +25.5% |
| Financial income | 75/76B | €244 | €324 | +€80 | +32.8% |
| Recurring financial income | 75 | €244 | €324 | +€80 | +32.8% |
| Financial charges | 65/66B | €6,041 | €4,491 | -€1,550 | -25.7% |
| Recurring financial charges | 65 | €6,041 | €4,491 | -€1,550 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €3,840 | €7,927 | +€4,087 | +106.4% |
| Income taxes | 67/77 | €1,913 | €2,790 | +€877 | +45.8% |
| Profit (loss) for the period | 9904 | €1,927 | €5,137 | +€3,210 | +166.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,927 | €5,137 | +€3,210 | +166.6% |
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 5 October 2026 via checked.be.