Studio Pex: what changed
Studio Pex
Largest movements
- Deferred charges and accrued income -€1,000
down €1,000 (-66.7%), from €1,500 to €500
- Receivables within one year +€729
new in 2025: €729
of which Trade receivables: +€720
- Tangible fixed assets -€308
down €308 (-50.8%), from €606 to €298
- Cash -€245
down €245 (-14.6%), from €1,678 to €1,433
mainly Tax, wage and social debts (-€2,168) and Trade debts (-€1,897)
- Tax, wage and social debts -€2,168
down €2,168 (-58.2%), from €3,725 to €1,558
of which Remuneration and social security: -€1,523
- Trade debts -€1,897
down €1,897 (-78.5%), from €2,418 to €521
- Profit (loss) carried forward +€1,801
up €1,801 (+19.2%), from -€9,368 to -€7,567
- Other debts +€1,440
up €1,440 (+59.2%), from €2,431 to €3,871
- Gross operating margin +€11,802
up €11,802, from -€6,251 to €5,551
- Other operating charges +€965
up €965 (+369%), from €261 to €1,226
- Financial charges -€321
down €321 (-13.4%), from €2,396 to €2,076
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,784 | €2,960 | -€824 | -21.8% |
| Fixed assets | 21/28 | €606 | €298 | -€308 | -50.8% |
| Tangible fixed assets | 22/27 | €606 | €298 | -€308 | -50.8% |
| Plant, machinery and equipment | 23 | €606 | €298 | -€308 | -50.8% |
| Current assets | 29/58 | €3,178 | €2,662 | -€516 | -16.2% |
| Amounts receivable within one year | 40/41 | - | €729 | +€729 | |
| Trade receivables | 40 | - | €720 | +€720 | |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €1,678 | €1,433 | -€245 | -14.6% |
| Deferred charges and accrued income | 490/1 | €1,500 | €500 | -€1,000 | -66.7% |
| Total equity and liabilities | 10/49 | €3,784 | €2,960 | -€824 | -21.8% |
| Equity | 10/15 | -€4,790 | -€2,989 | +€1,801 | +37.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €2,078 | €2,078 | = | 0.0% |
| Distributable reserves | 133 | €2,078 | €2,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,368 | -€7,567 | +€1,801 | +19.2% |
| Amounts payable | 17/49 | €8,574 | €5,949 | -€2,625 | -30.6% |
| Amounts payable within one year | 42/48 | €8,574 | €5,949 | -€2,625 | -30.6% |
| Trade debts | 44 | €2,418 | €521 | -€1,897 | -78.5% |
| Suppliers | 440/4 | €2,418 | €521 | -€1,897 | -78.5% |
| Taxes, remuneration and social security | 45 | €3,725 | €1,558 | -€2,168 | -58.2% |
| Taxes | 450/3 | €2,202 | €1,558 | -€644 | -29.3% |
| Remuneration and social security | 454/9 | €1,523 | - | -€1,523 | |
| Other amounts payable | 47/48 | €2,431 | €3,871 | +€1,440 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308 | €308 | = | 0.0% |
| Other operating charges | 640/8 | €261 | €1,226 | +€965 | +369% |
| Gross operating margin | 9900 | -€6,251 | €5,551 | +€11,802 | |
| Operating profit (loss) | 9901 | -€6,821 | €4,017 | +€10,837 | |
| Financial charges | 65/66B | €2,396 | €2,076 | -€321 | -13.4% |
| Recurring financial charges | 65 | €2,396 | €2,076 | -€321 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,217 | €1,941 | +€11,158 | |
| Income taxes | 67/77 | €151 | €140 | -€11 | -7.4% |
| Profit (loss) for the period | 9904 | -€9,368 | €1,801 | +€11,169 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,368 | €1,801 | +€11,169 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.