STUDIO PICOBELLO: 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 PICOBELLO
Largest movements
- Cash +€71,127
up €71,127 (+22.2%), from €320,231 to €391,358
mainly Other debts (+€142,403) and Net result for the year (+€64,520)
- Tangible fixed assets -€20,364
down €20,364 (-95.5%), from €21,325 to €961
of which Furniture and vehicles: -€19,939
- Receivables within one year -€6,131
down €6,131 (-34.1%), from €17,979 to €11,848
of which Trade receivables: -€11,872
- Other debts +€142,403
up €142,403 (+1089.2%), from €13,074 to €155,477
- Reserves -€90,957
down €90,957 (-28.4%), from €320,339 to €229,382
- Tax, wage and social debts -€5,306
down €5,306 (-61.7%), from €8,604 to €3,299
of which Taxes: -€6,332
- Gross operating margin -€39,860
down €39,860 (-29.5%), from €135,288 to €95,428
- Taxes -€12,354
down €12,354 (-32.6%), from €37,947 to €25,593
- Depreciation -€7,572
down €7,572 (-94.7%), from €7,997 to €425
- Financial income -€7,040
down €7,040 (-60.4%), from €11,651 to €4,611
of which Non-recurring financial income: -€7,025
- Staff costs -€6,308
down €6,308 (-100.0%), from €6,308 to €0
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 | €362,648 | €407,078 | +€44,430 | +12.3% |
| Fixed assets | 21/28 | €21,325 | €961 | -€20,364 | -95.5% |
| Tangible fixed assets | 22/27 | €21,325 | €961 | -€20,364 | -95.5% |
| Plant, machinery and equipment | 23 | €1,387 | €961 | -€425 | -30.7% |
| Furniture and vehicles | 24 | €19,939 | €0 | -€19,939 | -100.0% |
| Current assets | 29/58 | €341,323 | €406,117 | +€64,794 | +19.0% |
| Amounts receivable within one year | 40/41 | €17,979 | €11,848 | -€6,131 | -34.1% |
| Trade receivables | 40 | €15,995 | €4,123 | -€11,872 | -74.2% |
| Other amounts receivable | 41 | €1,983 | €7,725 | +€5,742 | +289.5% |
| Cash at bank and in hand | 54/58 | €320,231 | €391,358 | +€71,127 | +22.2% |
| Deferred charges and accrued income | 490/1 | €3,113 | €2,912 | -€202 | -6.5% |
| Total equity and liabilities | 10/49 | €362,648 | €407,078 | +€44,430 | +12.3% |
| Equity | 10/15 | €338,939 | €247,982 | -€90,957 | -26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320,339 | €229,382 | -€90,957 | -28.4% |
| Distributable reserves | 133 | €320,339 | €229,382 | -€90,957 | -28.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,709 | €159,096 | +€135,387 | +571.0% |
| Amounts payable within one year | 42/48 | €23,709 | €159,096 | +€135,387 | +571.0% |
| Trade debts | 44 | €2,030 | €320 | -€1,710 | -84.2% |
| Suppliers | 440/4 | €2,030 | €320 | -€1,710 | -84.2% |
| Taxes, remuneration and social security | 45 | €8,604 | €3,299 | -€5,306 | -61.7% |
| Taxes | 450/3 | €8,604 | €2,272 | -€6,332 | -73.6% |
| Remuneration and social security | 454/9 | €0 | €1,026 | +€1,026 | |
| Other amounts payable | 47/48 | €13,074 | €155,477 | +€142,403 | +1089.2% |
| Remuneration, social security and pensions | 62 | €6,308 | €0 | -€6,308 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,997 | €425 | -€7,572 | -94.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,881 | €1,441 | -€439 | -23.4% |
| Non-recurring operating charges | 66A | - | €7,955 | +€7,955 | |
| Gross operating margin | 9900 | €135,288 | €95,428 | -€39,860 | -29.5% |
| Operating profit (loss) | 9901 | €119,103 | €85,606 | -€33,497 | -28.1% |
| Financial income | 75/76B | €11,651 | €4,611 | -€7,040 | -60.4% |
| Recurring financial income | 75 | €80 | €66 | -€15 | -18.4% |
| Non-recurring financial income | 76B | €11,570 | €4,545 | -€7,025 | -60.7% |
| Financial charges | 65/66B | €104 | €104 | -€1 | -0.6% |
| Recurring financial charges | 65 | €104 | €104 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €130,649 | €90,113 | -€40,536 | -31.0% |
| Income taxes | 67/77 | €37,947 | €25,593 | -€12,354 | -32.6% |
| Profit (loss) for the period | 9904 | €92,702 | €64,520 | -€28,182 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,702 | €64,520 | -€28,182 | -30.4% |
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 7 October 2026 via checked.be.