STUDIO PYRAMIDE BRUSSELS: 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.
What changed
STUDIO PYRAMIDE BRUSSELS
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€47,686
2024 · -€43,525-€4,161
Equity
-€386,739
2024 · -€339,053-€47,686
Cash
€16
2024 · €16
Balance sheet total
€65,573
2024 · €115,605-€50,033
Largest movements
Assets
- Tangible fixed assets -€49,972
down €49,972 (-47.0%), from €106,416 to €56,444
of which Other tangible fixed assets: -€32,194
Equity and liabilities
- Profit (loss) carried forward -€47,686
down €47,686 (-13.1%), from -€363,421 to -€411,107
- Short-term financial debts -€3,525
down €3,525 (-72.4%), from €4,869 to €1,344
- Other debts -€2,601
down €2,601 (-0.6%), from €407,089 to €404,489
- Debts after one year +€2,150
up €2,150 (+6.4%), from €33,600 to €35,750
- Trade debts +€1,596
up €1,596 (+18.4%), from €8,689 to €10,285
Income statement
- Gross operating margin -€6,891
down €6,891 (-54.7%), from €12,600 to €5,708
- Depreciation -€3,190
down €3,190 (-5.8%), from €54,812 to €51,622
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.
Result 2024
-€43,525
Gross operating margin
-€6,891
Depreciation
+€3,190
Other operating charges
-€97
Other operating items
-€169
Financial income
-€62
Financial charges
-€115
Taxes
-€16
Result 2025
-€47,686
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3,025
Investment
-€1,650
Financing
-€1,375
Cash 2024
€16
From operations (derived)
+€3,025
Net result for the year
-€47,686
Depreciation
+€51,622
Stocks and contracts
+€836
Receivables within one year
-€775
Trade debts
+€1,596
Tax, wage and social debts
+€33
Other debts
-€2,601
Investment (derived)
-€1,650
Investment in fixed assets (net)
-€1,650
Financing
-€1,375
Debts after one year
+€2,150
Short-term financial debts
-€3,525
Cash 2025
€16
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,605 | €65,573 | -€50,033 | -43.3% |
| Fixed assets | 21/28 | €107,717 | €57,744 | -€49,972 | -46.4% |
| Tangible fixed assets | 22/27 | €106,416 | €56,444 | -€49,972 | -47.0% |
| Land and buildings | 22 | €38,097 | €35,499 | -€2,597 | -6.8% |
| Plant, machinery and equipment | 23 | €21,607 | €15,648 | -€5,959 | -27.6% |
| Furniture and vehicles | 24 | €10,260 | €1,039 | -€9,221 | -89.9% |
| Other tangible fixed assets | 26 | €36,452 | €4,258 | -€32,194 | -88.3% |
| Financial fixed assets | 28 | €1,301 | €1,301 | = | 0.0% |
| Current assets | 29/58 | €7,889 | €7,828 | -€61 | -0.8% |
| Stocks and contracts in progress | 3 | €5,368 | €4,532 | -€836 | -15.6% |
| Stocks | 30/36 | €5,368 | €4,532 | -€836 | -15.6% |
| Amounts receivable within one year | 40/41 | €2,504 | €3,280 | +€775 | +31.0% |
| Trade receivables | 40 | €2,346 | €2,727 | +€381 | +16.2% |
| Other amounts receivable | 41 | €158 | €553 | +€395 | +250% |
| Cash at bank and in hand | 54/58 | €16 | €16 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €115,605 | €65,573 | -€50,033 | -43.3% |
| Equity | 10/15 | -€339,053 | -€386,739 | -€47,686 | -14.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €5,776 | €5,776 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,917 | €3,917 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€363,421 | -€411,107 | -€47,686 | -13.1% |
| Amounts payable | 17/49 | €454,659 | €452,312 | -€2,347 | -0.5% |
| Amounts payable after more than one year | 17 | €33,600 | €35,750 | +€2,150 | +6.4% |
| Financial debts | 170/4 | €33,600 | €35,750 | +€2,150 | +6.4% |
| Amounts payable within one year | 42/48 | €421,059 | €416,562 | -€4,497 | -1.1% |
| Financial debts | 43 | €4,869 | €1,344 | -€3,525 | -72.4% |
| Credit institutions | 430/8 | €4,869 | €1,344 | -€3,525 | -72.4% |
| Trade debts | 44 | €8,689 | €10,285 | +€1,596 | +18.4% |
| Suppliers | 440/4 | €8,689 | €10,285 | +€1,596 | +18.4% |
| Taxes, remuneration and social security | 45 | €411 | €444 | +€33 | +8.0% |
| Taxes | 450/3 | €411 | €444 | +€33 | +8.0% |
| Other amounts payable | 47/48 | €407,089 | €404,489 | -€2,601 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,812 | €51,622 | -€3,190 | -5.8% |
| Other operating charges | 640/8 | - | €97 | +€97 | |
| Non-recurring operating charges | 66A | - | €169 | +€169 | |
| Gross operating margin | 9900 | €12,600 | €5,708 | -€6,891 | -54.7% |
| Operating profit (loss) | 9901 | -€42,213 | -€46,180 | -€3,968 | -9.4% |
| Financial income | 75/76B | €114 | €52 | -€62 | -54.2% |
| Recurring financial income | 75 | €114 | €52 | -€62 | -54.2% |
| Financial charges | 65/66B | €1,144 | €1,259 | +€115 | +10.1% |
| Recurring financial charges | 65 | €1,144 | €1,259 | +€115 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,242 | -€47,387 | -€4,145 | -9.6% |
| Income taxes | 67/77 | €282 | €299 | +€16 | +5.7% |
| Profit (loss) for the period | 9904 | -€43,525 | -€47,686 | -€4,161 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,525 | -€47,686 | -€4,161 | -9.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.