STUDIO R.C.M.: 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 R.C.M.
Largest movements
- Current investments -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Tangible fixed assets -€9,637
down €9,637 (-6.3%), from €152,351 to €142,714
of which Land and buildings: -€5,877
- Receivables within one year +€2,452
up €2,452 (+145%), from €1,694 to €4,146
- Other debts -€22,991
down €22,991 (-58.5%), from €39,276 to €16,286
- Reserves +€13,851
up €13,851 (+49.3%), from €28,075 to €41,926
of which Distributable reserves: +€13,851
- Current portion of long-term debt -€5,344
down €5,344 (-92.6%), from €5,770 to €426
- Gross operating margin -€23,249
down €23,249 (-35.9%), from €64,797 to €41,548
- Depreciation -€13,262
down €13,262 (-45.4%), from €29,184 to €15,922
- Other operating charges +€2,828
up €2,828 (+221%), from €1,280 to €4,108
- Financial income -€2,794
down €2,794 (-71.8%), from €3,893 to €1,099
- Taxes -€1,486
down €1,486 (-20.5%), from €7,245 to €5,759
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 | €213,076 | €195,654 | -€17,423 | -8.2% |
| Fixed assets | 21/28 | €152,351 | €142,714 | -€9,637 | -6.3% |
| Tangible fixed assets | 22/27 | €152,351 | €142,714 | -€9,637 | -6.3% |
| Land and buildings | 22 | €132,729 | €126,852 | -€5,877 | -4.4% |
| Plant, machinery and equipment | 23 | €19,608 | €15,862 | -€3,746 | -19.1% |
| Furniture and vehicles | 24 | €14 | - | -€14 | |
| Current assets | 29/58 | €60,725 | €52,939 | -€7,786 | -12.8% |
| Stocks and contracts in progress | 3 | €1,821 | €1,349 | -€472 | -25.9% |
| Stocks | 30/36 | €1,821 | €1,349 | -€472 | -25.9% |
| Amounts receivable within one year | 40/41 | €1,694 | €4,146 | +€2,452 | +145% |
| Trade receivables | 40 | €1,694 | €4,146 | +€2,452 | +145% |
| Current investments | 50/53 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €15,409 | €16,997 | +€1,587 | +10.3% |
| Deferred charges and accrued income | 490/1 | €1,801 | €447 | -€1,354 | -75.2% |
| Total equity and liabilities | 10/49 | €213,076 | €195,654 | -€17,423 | -8.2% |
| Equity | 10/15 | €155,838 | €169,688 | +€13,851 | +8.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €28,075 | €41,926 | +€13,851 | +49.3% |
| Tax-exempt reserves | 132 | €2,700 | €2,700 | = | 0.0% |
| Distributable reserves | 133 | €25,375 | €39,226 | +€13,851 | +54.6% |
| Profit (loss) carried forward | 14 | €52,763 | €52,763 | = | 0.0% |
| Amounts payable | 17/49 | €57,239 | €25,965 | -€31,273 | -54.6% |
| Amounts payable after more than one year | 17 | €426 | - | -€426 | |
| Financial debts | 170/4 | €426 | - | -€426 | |
| Amounts payable within one year | 42/48 | €55,645 | €25,149 | -€30,496 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €5,770 | €426 | -€5,344 | -92.6% |
| Trade debts | 44 | €1,680 | €104 | -€1,576 | -93.8% |
| Suppliers | 440/4 | €1,680 | €104 | -€1,576 | -93.8% |
| Taxes, remuneration and social security | 45 | €8,920 | €8,333 | -€587 | -6.6% |
| Taxes | 450/3 | €8,920 | €8,333 | -€587 | -6.6% |
| Other amounts payable | 47/48 | €39,276 | €16,286 | -€22,991 | -58.5% |
| Accrued charges and deferred income | 492/3 | €1,167 | €816 | -€351 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,184 | €15,922 | -€13,262 | -45.4% |
| Other operating charges | 640/8 | €1,280 | €4,108 | +€2,828 | +221% |
| Gross operating margin | 9900 | €64,797 | €41,548 | -€23,249 | -35.9% |
| Operating profit (loss) | 9901 | €34,333 | €21,517 | -€12,816 | -37.3% |
| Financial income | 75/76B | €3,893 | €1,099 | -€2,794 | -71.8% |
| Recurring financial income | 75 | €3,893 | €1,099 | -€2,794 | -71.8% |
| Financial charges | 65/66B | €1,977 | €2,174 | +€197 | +9.9% |
| Recurring financial charges | 65 | €1,977 | €2,174 | +€197 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €36,248 | €20,442 | -€15,806 | -43.6% |
| Income taxes | 67/77 | €7,245 | €5,759 | -€1,486 | -20.5% |
| Profit (loss) for the period | 9904 | €29,003 | €14,684 | -€14,320 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,003 | €14,684 | -€14,320 | -49.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.