STUDIO-Q: 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-Q
Largest movements
- Stocks and contracts -€55,094
down €55,094 (-45.2%), from €121,880 to €66,786
- Receivables within one year -€48,813
down €48,813 (-24.7%), from €197,609 to €148,797
of which Trade receivables: -€42,994
- Tangible fixed assets -€23,156
down €23,156 (-35.9%), from €64,451 to €41,295
of which Furniture and vehicles: -€20,136
- Cash +€9,465
up €9,465 (+64.5%), from €14,673 to €24,138
mainly Stocks and contracts (+€55,094) and Receivables within one year (+€48,813)
- Trade debts -€86,179
down €86,179 (-56.3%), from €152,941 to €66,762
- Debts after one year -€13,235
down €13,235 (-37.7%), from €35,130 to €21,896
- Profit (loss) carried forward -€10,797
down €10,797 (-38.1%), from -€28,302 to -€39,099
- Current portion of long-term debt -€4,247
down €4,247 (-24.3%), from €17,482 to €13,235
- Gross operating margin +€37,312
up €37,312 (+11.3%), from €331,588 to €368,900
- Staff costs +€14,709
up €14,709 (+4.5%), from €326,498 to €341,207
- Financial charges +€4,973
up €4,973 (+61.5%), from €8,088 to €13,061
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 | €399,174 | €281,015 | -€118,159 | -29.6% |
| Fixed assets | 21/28 | €64,451 | €41,295 | -€23,156 | -35.9% |
| Tangible fixed assets | 22/27 | €64,451 | €41,295 | -€23,156 | -35.9% |
| Plant, machinery and equipment | 23 | €8,968 | €5,948 | -€3,020 | -33.7% |
| Furniture and vehicles | 24 | €55,482 | €35,346 | -€20,136 | -36.3% |
| Current assets | 29/58 | €334,723 | €239,720 | -€95,003 | -28.4% |
| Stocks and contracts in progress | 3 | €121,880 | €66,786 | -€55,094 | -45.2% |
| Contracts in progress | 37 | €121,880 | €66,786 | -€55,094 | -45.2% |
| Amounts receivable within one year | 40/41 | €197,609 | €148,797 | -€48,813 | -24.7% |
| Trade receivables | 40 | €169,034 | €126,040 | -€42,994 | -25.4% |
| Other amounts receivable | 41 | €28,576 | €22,757 | -€5,818 | -20.4% |
| Cash at bank and in hand | 54/58 | €14,673 | €24,138 | +€9,465 | +64.5% |
| Deferred charges and accrued income | 490/1 | €561 | - | -€561 | |
| Total equity and liabilities | 10/49 | €399,174 | €281,015 | -€118,159 | -29.6% |
| Equity | 10/15 | €167,613 | €156,816 | -€10,797 | -6.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €192,915 | €192,915 | = | 0.0% |
| Distributable reserves | 133 | €192,915 | €192,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,302 | -€39,099 | -€10,797 | -38.1% |
| Amounts payable | 17/49 | €231,561 | €124,198 | -€107,362 | -46.4% |
| Amounts payable after more than one year | 17 | €35,130 | €21,896 | -€13,235 | -37.7% |
| Financial debts | 170/4 | €35,130 | €21,896 | -€13,235 | -37.7% |
| Amounts payable within one year | 42/48 | €196,430 | €102,303 | -€94,128 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €17,482 | €13,235 | -€4,247 | -24.3% |
| Trade debts | 44 | €152,941 | €66,762 | -€86,179 | -56.3% |
| Suppliers | 440/4 | €152,941 | €66,762 | -€86,179 | -56.3% |
| Advances received on contracts in progress | 46 | €2,013 | €945 | -€1,068 | -53.1% |
| Taxes, remuneration and social security | 45 | €16,186 | €13,545 | -€2,641 | -16.3% |
| Taxes | 450/3 | €279 | €195 | -€84 | -30.0% |
| Remuneration and social security | 454/9 | €15,907 | €13,350 | -€2,557 | -16.1% |
| Other amounts payable | 47/48 | €7,809 | €7,816 | +€7 | +0.1% |
| Non-recurring operating income | 76A | €288 | €2,094 | +€1,806 | +627.1% |
| Remuneration, social security and pensions | 62 | €326,498 | €341,207 | +€14,709 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,156 | €23,156 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,168 | €2,322 | +€153 | +7.1% |
| Gross operating margin | 9900 | €331,588 | €368,900 | +€37,312 | +11.3% |
| Operating profit (loss) | 9901 | -€20,235 | €2,215 | +€22,450 | |
| Financial income | 75/76B | €20 | €49 | +€29 | +139.7% |
| Recurring financial income | 75 | €20 | €49 | +€29 | +139.7% |
| Financial charges | 65/66B | €8,088 | €13,061 | +€4,973 | +61.5% |
| Recurring financial charges | 65 | €8,088 | €13,061 | +€4,973 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,302 | -€10,797 | +€17,506 | +61.9% |
| Profit (loss) for the period | 9904 | -€28,302 | -€10,797 | +€17,506 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,302 | -€10,797 | +€17,506 | +61.9% |
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 11 October 2026 via checked.be.