STUDIO PIERRE: what changed
STUDIO PIERRE
Largest movements
- Tangible fixed assets +€28,770
up €28,770 (+165%), from €17,387 to €46,157
of which Furniture and vehicles: +€20,358
- Cash -€12,638
down €12,638 (-72.8%), from €17,358 to €4,720
mainly Investment in fixed assets (net) (-€33,784) and Current portion of long-term debt (-€5,177)
- Receivables within one year +€2,366
up €2,366 (+39.1%), from €6,046 to €8,411
of which Other amounts receivable: +€5,862
- Intangible fixed assets -€717
down €717 (-42.9%), from €1,671 to €954
- Reserves +€23,915
up €23,915 (+123%), from €19,443 to €43,358
- Current portion of long-term debt -€5,177
no longer reported in 2025 (was €5,177)
- Debts after one year -€3,152
no longer reported in 2025 (was €3,152)
- Trade debts +€2,611
up €2,611 (+273%), from €955 to €3,566
- Depreciation -€7,567
down €7,567 (-56.9%), from €13,298 to €5,730
- Gross operating margin -€2,511
down €2,511 (-5.9%), from €42,639 to €40,127
- Taxes +€840
up €840 (+10.5%), from €8,035 to €8,875
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 | €42,552 | €60,594 | +€18,042 | +42.4% |
| Fixed assets | 21/28 | €19,149 | €47,202 | +€28,053 | +147% |
| Intangible fixed assets | 21 | €1,671 | €954 | -€717 | -42.9% |
| Tangible fixed assets | 22/27 | €17,387 | €46,157 | +€28,770 | +165% |
| Plant, machinery and equipment | 23 | €7,991 | €16,403 | +€8,412 | +105% |
| Furniture and vehicles | 24 | €9,396 | €29,754 | +€20,358 | +217% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €23,403 | €13,392 | -€10,011 | -42.8% |
| Amounts receivable within one year | 40/41 | €6,046 | €8,411 | +€2,366 | +39.1% |
| Trade receivables | 40 | €4,081 | €584 | -€3,497 | -85.7% |
| Other amounts receivable | 41 | €1,965 | €7,827 | +€5,862 | +298% |
| Cash at bank and in hand | 54/58 | €17,358 | €4,720 | -€12,638 | -72.8% |
| Deferred charges and accrued income | 490/1 | - | €261 | +€261 | |
| Total equity and liabilities | 10/49 | €42,552 | €60,594 | +€18,042 | +42.4% |
| Equity | 10/15 | €23,443 | €47,358 | +€23,915 | +102% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €19,443 | €43,358 | +€23,915 | +123% |
| Distributable reserves | 133 | €19,443 | €43,358 | +€23,915 | +123% |
| Amounts payable | 17/49 | €19,110 | €13,237 | -€5,873 | -30.7% |
| Amounts payable after more than one year | 17 | €3,152 | - | -€3,152 | |
| Financial debts | 170/4 | €3,152 | - | -€3,152 | |
| Amounts payable within one year | 42/48 | €15,958 | €13,237 | -€2,721 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €5,177 | - | -€5,177 | |
| Trade debts | 44 | €955 | €3,566 | +€2,611 | +273% |
| Suppliers | 440/4 | €955 | €3,566 | +€2,611 | +273% |
| Taxes, remuneration and social security | 45 | €1,650 | €1,721 | +€71 | +4.3% |
| Taxes | 450/3 | €95 | €166 | +€71 | +75.4% |
| Remuneration and social security | 454/9 | €1,555 | €1,555 | = | 0.0% |
| Other amounts payable | 47/48 | €8,177 | €7,950 | -€226 | -2.8% |
| Non-recurring operating income | 76A | - | €838 | +€838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,298 | €5,730 | -€7,567 | -56.9% |
| Other operating charges | 640/8 | €279 | €333 | +€54 | +19.2% |
| Gross operating margin | 9900 | €42,639 | €40,127 | -€2,511 | -5.9% |
| Operating profit (loss) | 9901 | €29,062 | €34,064 | +€5,002 | +17.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,587 | €1,273 | -€314 | -19.8% |
| Recurring financial charges | 65 | €1,587 | €1,273 | -€314 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €27,478 | €32,790 | +€5,313 | +19.3% |
| Income taxes | 67/77 | €8,035 | €8,875 | +€840 | +10.5% |
| Profit (loss) for the period | 9904 | €19,443 | €23,915 | +€4,473 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,443 | €23,915 | +€4,473 | +23.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.