STUDIO PHOTON: 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 PHOTON
Largest movements
- Receivables within one year -€412
down €412 (-1.1%), from €38,235 to €37,824
- Profit (loss) carried forward -€1,201
down €1,201 (-420.6%), from -€285 to -€1,486
- Trade debts +€850
up €850 (+21.0%), from €4,055 to €4,905
- Gross operating margin -€1,821
down €1,821, from €565 to -€1,255
- Other operating charges +€791
up €791 (+13616.2%), from €6 to €797
- Financial charges +€268
up €268 (+28.5%), from €941 to €1,209
- Financial income -€38
down €38 (-1.8%), from €2,099 to €2,061
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,235 | €37,824 | -€412 | -1.1% |
| Current assets | 29/58 | €38,235 | €37,824 | -€412 | -1.1% |
| Amounts receivable within one year | 40/41 | €38,235 | €37,824 | -€412 | -1.1% |
| Other amounts receivable | 41 | €38,235 | €37,824 | -€412 | -1.1% |
| Total equity and liabilities | 10/49 | €38,235 | €37,824 | -€412 | -1.1% |
| Equity | 10/15 | €27,419 | €26,218 | -€1,201 | -4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,304 | €15,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €13,445 | €13,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285 | -€1,486 | -€1,201 | -420.6% |
| Amounts payable | 17/49 | €10,817 | €11,606 | +€789 | +7.3% |
| Amounts payable within one year | 42/48 | €10,817 | €11,606 | +€789 | +7.3% |
| Financial debts | 43 | €6,249 | €6,218 | -€31 | -0.5% |
| Credit institutions | 430/8 | €6,249 | €6,218 | -€31 | -0.5% |
| Trade debts | 44 | €4,055 | €4,905 | +€850 | +21.0% |
| Suppliers | 440/4 | €4,055 | €4,905 | +€850 | +21.0% |
| Other amounts payable | 47/48 | €513 | €483 | -€30 | -5.9% |
| Other operating charges | 640/8 | €6 | €797 | +€791 | +13616.2% |
| Gross operating margin | 9900 | €565 | -€1,255 | -€1,821 | |
| Operating profit (loss) | 9901 | €560 | -€2,052 | -€2,612 | |
| Financial income | 75/76B | €2,099 | €2,061 | -€38 | -1.8% |
| Recurring financial income | 75 | €2,099 | €2,061 | -€38 | -1.8% |
| Financial charges | 65/66B | €941 | €1,209 | +€268 | +28.5% |
| Recurring financial charges | 65 | €941 | €1,209 | +€268 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €1,718 | -€1,201 | -€2,918 | |
| Profit (loss) for the period | 9904 | €1,718 | -€1,201 | -€2,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,718 | -€1,201 | -€2,918 |
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 4 October 2026 via checked.be.