Studio Picture This!: 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 Picture This!
Largest movements
- Current investments +€49,857
up €49,857 (+49.8%), from €100,143 to €150,000
- Receivables within one year +€49,776
up €49,776 (+40.7%), from €122,205 to €171,981
of which Trade receivables: +€54,896
- Cash +€33,935
up €33,935 (+14.4%), from €236,335 to €270,270
mainly Other debts (+€125,128) and Net result for the year (+€105,141)
- Tangible fixed assets -€19,813
down €19,813 (-33.3%), from €59,509 to €39,696
of which Furniture and vehicles: -€18,504
- Other debts +€125,128
up €125,128 (+4,901%), from €2,553 to €127,681
- Profit (loss) carried forward -€42,859
down €42,859 (-9.3%), from €463,086 to €420,227
- Tax, wage and social debts +€29,278
up €29,278 (+1,609%), from €1,820 to €31,098
of which Taxes: +€25,859
- Gross operating margin +€39,605
up €39,605 (+32.2%), from €122,871 to €162,476
- Taxes +€10,186
up €10,186 (+40.4%), from €25,182 to €35,368
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 | €521,074 | €634,689 | +€113,615 | +21.8% |
| Fixed assets | 21/28 | €59,534 | €39,721 | -€19,813 | -33.3% |
| Tangible fixed assets | 22/27 | €59,509 | €39,696 | -€19,813 | -33.3% |
| Furniture and vehicles | 24 | €52,244 | €33,740 | -€18,504 | -35.4% |
| Other tangible fixed assets | 26 | €7,266 | €5,957 | -€1,309 | -18.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €461,539 | €594,967 | +€133,428 | +28.9% |
| Amounts receivable within one year | 40/41 | €122,205 | €171,981 | +€49,776 | +40.7% |
| Trade receivables | 40 | €116,111 | €171,007 | +€54,896 | +47.3% |
| Other amounts receivable | 41 | €6,094 | €974 | -€5,120 | -84.0% |
| Current investments | 50/53 | €100,143 | €150,000 | +€49,857 | +49.8% |
| Cash at bank and in hand | 54/58 | €236,335 | €270,270 | +€33,935 | +14.4% |
| Deferred charges and accrued income | 490/1 | €2,857 | €2,717 | -€140 | -4.9% |
| Total equity and liabilities | 10/49 | €521,074 | €634,689 | +€113,615 | +21.8% |
| Equity | 10/15 | €503,044 | €458,185 | -€44,859 | -8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €19,958 | €17,958 | -€2,000 | -10.0% |
| Distributable reserves | 133 | €19,958 | €17,958 | -€2,000 | -10.0% |
| Profit (loss) carried forward | 14 | €463,086 | €420,227 | -€42,859 | -9.3% |
| Amounts payable | 17/49 | €18,030 | €176,503 | +€158,474 | +879% |
| Amounts payable within one year | 42/48 | €14,839 | €173,211 | +€158,373 | +1,067% |
| Financial debts | 43 | - | €126 | +€126 | |
| Credit institutions | 430/8 | - | €126 | +€126 | |
| Trade debts | 44 | €10,466 | €14,307 | +€3,841 | +36.7% |
| Suppliers | 440/4 | €10,466 | €14,307 | +€3,841 | +36.7% |
| Taxes, remuneration and social security | 45 | €1,820 | €31,098 | +€29,278 | +1,609% |
| Taxes | 450/3 | €1,820 | €27,679 | +€25,859 | +1,421% |
| Remuneration and social security | 454/9 | - | €3,419 | +€3,419 | |
| Other amounts payable | 47/48 | €2,553 | €127,681 | +€125,128 | +4,901% |
| Accrued charges and deferred income | 492/3 | €3,191 | €3,292 | +€101 | +3.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,812 | €20,911 | -€901 | -4.1% |
| Other operating charges | 640/8 | €1,885 | €1,812 | -€73 | -3.9% |
| Gross operating margin | 9900 | €122,871 | €162,476 | +€39,605 | +32.2% |
| Operating profit (loss) | 9901 | €99,174 | €139,753 | +€40,579 | +40.9% |
| Financial income | 75/76B | €1,558 | €1,498 | -€61 | -3.9% |
| Recurring financial income | 75 | €1,558 | €1,498 | -€61 | -3.9% |
| Financial charges | 65/66B | €245 | €742 | +€497 | +203% |
| Recurring financial charges | 65 | €245 | €742 | +€497 | +203% |
| Profit (loss) for the period before taxes | 9903 | €100,487 | €140,509 | +€40,022 | +39.8% |
| Income taxes | 67/77 | €25,182 | €35,368 | +€10,186 | +40.4% |
| Profit (loss) for the period | 9904 | €75,305 | €105,141 | +€29,836 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,305 | €105,141 | +€29,836 | +39.6% |
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 16 October 2026 via checked.be.