Studio R.L.: 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.L.
Largest movements
- Deferred charges and accrued income +€118,134
up €118,134 (+560%), from €21,104 to €139,238
- Cash -€3,456
down €3,456 (-67.7%), from €5,105 to €1,649
mainly Deferred charges and accrued income (-€118,134) and Net result for the year (-€76,670)
- Tangible fixed assets -€2,175
down €2,175 (-11.7%), from €18,602 to €16,427
of which Other tangible fixed assets: -€4,505
- Profit (loss) carried forward -€76,670
down €76,670 (-38.1%), from -€201,361 to -€278,031
- Short-term financial debts +€75,000
new in 2025: €75,000
- Trade debts +€55,925
up €55,925 (+59.3%), from €94,326 to €150,252
- Other debts +€53,422
up €53,422 (+856%), from €6,241 to €59,664
- Current portion of long-term debt +€4,778
new in 2025: €4,778
- Gross operating margin -€225,769
down €225,769 (-57.5%), from €392,883 to €167,114
- Staff costs -€48,538
down €48,538 (-17.6%), from €275,716 to €227,178
- Financial charges -€4,314
down €4,314 (-58.8%), from €7,340 to €3,026
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 | €86,545 | €200,703 | +€114,158 | +132% |
| Fixed assets | 21/28 | €18,602 | €16,427 | -€2,175 | -11.7% |
| Tangible fixed assets | 22/27 | €18,602 | €16,427 | -€2,175 | -11.7% |
| Plant, machinery and equipment | 23 | €1,674 | €1,413 | -€261 | -15.6% |
| Furniture and vehicles | 24 | €517 | €3,108 | +€2,591 | +501% |
| Other tangible fixed assets | 26 | €16,411 | €11,906 | -€4,505 | -27.4% |
| Current assets | 29/58 | €67,943 | €184,276 | +€116,333 | +171% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,734 | €28,389 | +€1,655 | +6.2% |
| Trade receivables | 40 | €26,733 | €28,388 | +€1,656 | +6.2% |
| Other amounts receivable | 41 | €1 | €1 | -€0 | -25.5% |
| Cash at bank and in hand | 54/58 | €5,105 | €1,649 | -€3,456 | -67.7% |
| Deferred charges and accrued income | 490/1 | €21,104 | €139,238 | +€118,134 | +560% |
| Total equity and liabilities | 10/49 | €86,545 | €200,703 | +€114,158 | +132% |
| Equity | 10/15 | -€50,511 | -€127,181 | -€76,670 | -152% |
| Contributions | 10/11 | €93,592 | €93,592 | = | 0.0% |
| Reserves | 13 | €57,258 | €57,258 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,350 | €48,350 | = | 0.0% |
| Distributable reserves | 133 | €8,908 | €8,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,361 | -€278,031 | -€76,670 | -38.1% |
| Amounts payable | 17/49 | €137,056 | €327,884 | +€190,828 | +139% |
| Amounts payable within one year | 42/48 | €137,056 | €327,884 | +€190,828 | +139% |
| Current portion of amounts payable after more than one year | 42 | - | €4,778 | +€4,778 | |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €94,326 | €150,252 | +€55,925 | +59.3% |
| Suppliers | 440/4 | €94,326 | €150,252 | +€55,925 | +59.3% |
| Taxes, remuneration and social security | 45 | €36,488 | €38,191 | +€1,702 | +4.7% |
| Taxes | 450/3 | €9,548 | €11,410 | +€1,862 | +19.5% |
| Remuneration and social security | 454/9 | €26,941 | €26,781 | -€160 | -0.6% |
| Other amounts payable | 47/48 | €6,241 | €59,664 | +€53,422 | +856% |
| Remuneration, social security and pensions | 62 | €275,716 | €227,178 | -€48,538 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,817 | €5,655 | -€162 | -2.8% |
| Other operating charges | 640/8 | €4,616 | €8,132 | +€3,516 | +76.2% |
| Gross operating margin | 9900 | €392,883 | €167,114 | -€225,769 | -57.5% |
| Operating profit (loss) | 9901 | €106,735 | -€73,851 | -€180,585 | |
| Financial income | 75/76B | €31 | €488 | +€457 | +1,487% |
| Recurring financial income | 75 | €31 | €488 | +€457 | +1,487% |
| Financial charges | 65/66B | €7,340 | €3,026 | -€4,314 | -58.8% |
| Recurring financial charges | 65 | €7,340 | €3,026 | -€4,314 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €99,425 | -€76,389 | -€175,814 | |
| Income taxes | 67/77 | - | €281 | +€281 | |
| Profit (loss) for the period | 9904 | €99,425 | -€76,670 | -€176,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,425 | -€76,670 | -€176,095 |
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 24 October 2026 via checked.be.