STUDIO PISTACHE: 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 PISTACHE
Largest movements
- Stocks and contracts -€98,105
down €98,105 (-98.5%), from €99,605 to €1,500
- Tangible fixed assets +€82,868
up €82,868 (+1,684%), from €4,921 to €87,789
of which Furniture and vehicles: +€43,991
- Cash -€5,756
down €5,756 (-71.8%), from €8,019 to €2,262
mainly Investment in fixed assets (net) (-€95,361) and Net result for the year (-€56,422)
- Receivables within one year +€4,015
up €4,015 (+275%), from €1,462 to €5,477
of which Trade receivables: +€4,016
- Debts after one year +€100,022
up €100,022 (+358%), from €27,953 to €127,976
of which Other amounts payable: +€102,976
- Profit (loss) carried forward -€56,422
down €56,422 (-49.5%), from -€113,877 to -€170,299
- Other debts -€20,388
down €20,388 (-76.5%), from €26,643 to €6,255
- Tax, wage and social debts -€14,590
down €14,590 (-65.7%), from €22,205 to €7,615
of which Remuneration and social security: -€7,682
- Trade debts -€11,475
down €11,475 (-75.0%), from €15,303 to €3,828
- Staff costs -€30,392
down €30,392 (-98.4%), from €30,883 to €491
- Gross operating margin -€27,427
down €27,427 (-935%), from -€2,933 to -€30,360
- Depreciation +€9,763
up €9,763 (+321%), from €3,037 to €12,799
- Write-downs +€8,500
up €8,500, from €0 to €8,500
- Financial charges -€1,359
down €1,359 (-54.6%), from €2,490 to €1,131
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 | €115,861 | €98,887 | -€16,974 | -14.7% |
| Fixed assets | 21/28 | €5,358 | €87,920 | +€82,562 | +1,541% |
| Tangible fixed assets | 22/27 | €4,921 | €87,789 | +€82,868 | +1,684% |
| Land and buildings | 22 | €1,142 | €40,269 | +€39,127 | +3,428% |
| Plant, machinery and equipment | 23 | €961 | €711 | -€250 | -26.0% |
| Furniture and vehicles | 24 | €2,819 | €46,809 | +€43,991 | +1,561% |
| Financial fixed assets | 28 | €437 | €131 | -€306 | -70.0% |
| Current assets | 29/58 | €110,503 | €10,967 | -€99,536 | -90.1% |
| Stocks and contracts in progress | 3 | €99,605 | €1,500 | -€98,105 | -98.5% |
| Stocks | 30/36 | €99,605 | €1,500 | -€98,105 | -98.5% |
| Amounts receivable within one year | 40/41 | €1,462 | €5,477 | +€4,015 | +275% |
| Trade receivables | 40 | €1,210 | €5,226 | +€4,016 | +332% |
| Other amounts receivable | 41 | €252 | €251 | -€1 | -0.4% |
| Cash at bank and in hand | 54/58 | €8,019 | €2,262 | -€5,756 | -71.8% |
| Deferred charges and accrued income | 490/1 | €1,418 | €1,728 | +€310 | +21.9% |
| Total equity and liabilities | 10/49 | €115,861 | €98,887 | -€16,974 | -14.7% |
| Equity | 10/15 | €6,583 | -€49,839 | -€56,422 | |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,877 | -€170,299 | -€56,422 | -49.5% |
| Amounts payable | 17/49 | €109,279 | €148,726 | +€39,448 | +36.1% |
| Amounts payable after more than one year | 17 | €27,953 | €127,976 | +€100,022 | +358% |
| Financial debts | 170/4 | €27,953 | €25,000 | -€2,953 | -10.6% |
| Other amounts payable | 178/9 | - | €102,976 | +€102,976 | |
| Amounts payable within one year | 42/48 | €81,325 | €20,651 | -€60,674 | -74.6% |
| Current portion of amounts payable after more than one year | 42 | €4,236 | €2,953 | -€1,282 | -30.3% |
| Financial debts | 43 | €11,194 | €0 | -€11,194 | -100% |
| Other loans | 439 | €11,194 | €0 | -€11,194 | -100% |
| Trade debts | 44 | €15,303 | €3,828 | -€11,475 | -75.0% |
| Suppliers | 440/4 | €15,303 | €3,828 | -€11,475 | -75.0% |
| Advances received on contracts in progress | 46 | €1,744 | €0 | -€1,744 | -100% |
| Taxes, remuneration and social security | 45 | €22,205 | €7,615 | -€14,590 | -65.7% |
| Taxes | 450/3 | €11,085 | €4,176 | -€6,909 | -62.3% |
| Remuneration and social security | 454/9 | €11,120 | €3,439 | -€7,682 | -69.1% |
| Other amounts payable | 47/48 | €26,643 | €6,255 | -€20,388 | -76.5% |
| Accrued charges and deferred income | 492/3 | €0 | €99 | +€99 | |
| Remuneration, social security and pensions | 62 | €30,883 | €491 | -€30,392 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,037 | €12,799 | +€9,763 | +321% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €8,500 | +€8,500 | |
| Other operating charges | 640/8 | €2,110 | €2,502 | +€392 | +18.6% |
| Non-recurring operating charges | 66A | €77 | €0 | -€77 | -100% |
| Gross operating margin | 9900 | -€2,933 | -€30,360 | -€27,427 | -935% |
| Operating profit (loss) | 9901 | -€39,041 | -€54,653 | -€15,613 | -40.0% |
| Financial income | 75/76B | €79 | €29 | -€51 | -64.0% |
| Recurring financial income | 75 | €79 | €29 | -€51 | -64.0% |
| Financial charges | 65/66B | €2,490 | €1,131 | -€1,359 | -54.6% |
| Recurring financial charges | 65 | €2,490 | €1,131 | -€1,359 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,452 | -€55,756 | -€14,304 | -34.5% |
| Income taxes | 67/77 | €275 | €666 | +€391 | +142% |
| Profit (loss) for the period | 9904 | -€41,727 | -€56,422 | -€14,695 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,727 | -€56,422 | -€14,695 | -35.2% |
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 20 October 2026 via checked.be.