Studio PietW: 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 PietW
Largest movements
- Cash +€4,600
up €4,600 (+15.6%), from €29,457 to €34,057
mainly Net result for the year (+€18,792) and Depreciation (+€5,610)
- Deferred charges and accrued income +€4,519
up €4,519 (+1025.6%), from €441 to €4,960
- Tangible fixed assets -€4,011
down €4,011 (-25.3%), from €15,824 to €11,813
of which Furniture and vehicles: -€5,333
- Receivables within one year -€2,194
down €2,194 (-8.0%), from €27,318 to €25,124
of which Trade receivables: -€3,701
- Profit (loss) carried forward +€19,308
up €19,308 (+63.1%), from €30,610 to €49,918
- Trade debts -€11,007
down €11,007 (-49.3%), from €22,323 to €11,316
- Tax, wage and social debts -€5,463
down €5,463 (-47.2%), from €11,565 to €6,102
of which Taxes: -€5,016
- Gross operating margin -€6,588
down €6,588 (-17.8%), from €37,056 to €30,468
- Taxes -€5,323
down €5,323 (-51.6%), from €10,323 to €5,000
- Depreciation +€5,050
up €5,050 (+901.5%), from €560 to €5,610
- Other operating charges +€752
up €752 (+850.4%), from €88 to €840
- Financial charges -€686
down €686 (-74.9%), from €915 to €229
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 | €73,039 | €76,005 | +€2,966 | +4.1% |
| Fixed assets | 21/28 | €15,824 | €11,813 | -€4,011 | -25.3% |
| Tangible fixed assets | 22/27 | €15,824 | €11,813 | -€4,011 | -25.3% |
| Plant, machinery and equipment | 23 | - | €1,322 | +€1,322 | |
| Furniture and vehicles | 24 | €15,824 | €10,491 | -€5,333 | -33.7% |
| Current assets | 29/58 | €57,215 | €64,192 | +€6,977 | +12.2% |
| Amounts receivable after more than one year | 29 | - | €52 | +€52 | |
| Trade receivables | 290 | - | €52 | +€52 | |
| Amounts receivable within one year | 40/41 | €27,318 | €25,124 | -€2,194 | -8.0% |
| Trade receivables | 40 | €19,188 | €15,487 | -€3,701 | -19.3% |
| Other amounts receivable | 41 | €8,129 | €9,637 | +€1,507 | +18.5% |
| Cash at bank and in hand | 54/58 | €29,457 | €34,057 | +€4,600 | +15.6% |
| Deferred charges and accrued income | 490/1 | €441 | €4,960 | +€4,519 | +1025.6% |
| Total equity and liabilities | 10/49 | €73,039 | €76,005 | +€2,966 | +4.1% |
| Equity | 10/15 | €36,610 | €55,918 | +€19,308 | +52.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,610 | €49,918 | +€19,308 | +63.1% |
| Amounts payable | 17/49 | €36,429 | €20,087 | -€16,341 | -44.9% |
| Amounts payable after more than one year | 17 | €1,880 | €2,060 | +€180 | +9.6% |
| Financial debts | 170/4 | €1,880 | €2,060 | +€180 | +9.6% |
| Amounts payable within one year | 42/48 | €34,549 | €18,027 | -€16,521 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €51 | - | -€51 | |
| Trade debts | 44 | €22,323 | €11,316 | -€11,007 | -49.3% |
| Suppliers | 440/4 | €22,323 | €11,316 | -€11,007 | -49.3% |
| Taxes, remuneration and social security | 45 | €11,565 | €6,102 | -€5,463 | -47.2% |
| Taxes | 450/3 | €9,380 | €4,364 | -€5,016 | -53.5% |
| Remuneration and social security | 454/9 | €2,185 | €1,738 | -€447 | -20.5% |
| Other amounts payable | 47/48 | €610 | €610 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560 | €5,610 | +€5,050 | +901.5% |
| Other operating charges | 640/8 | €88 | €840 | +€752 | +850.4% |
| Gross operating margin | 9900 | €37,056 | €30,468 | -€6,588 | -17.8% |
| Operating profit (loss) | 9901 | €36,408 | €24,018 | -€12,390 | -34.0% |
| Financial income | 75/76B | €3 | €3 | -€0 | -0.3% |
| Recurring financial income | 75 | €3 | €3 | -€0 | -0.3% |
| Financial charges | 65/66B | €915 | €229 | -€686 | -74.9% |
| Recurring financial charges | 65 | €915 | €229 | -€686 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | €35,496 | €23,792 | -€11,704 | -33.0% |
| Income taxes | 67/77 | €10,323 | €5,000 | -€5,323 | -51.6% |
| Profit (loss) for the period | 9904 | €25,173 | €18,792 | -€6,381 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,173 | €18,792 | -€6,381 | -25.3% |
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 11 October 2026 via checked.be.