STUDIO#RE: 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#RE
Largest movements
- Stocks and contracts +€25,502
up €25,502 (+64.8%), from €39,351 to €64,853
- Tangible fixed assets +€22,060
up €22,060 (+11.3%), from €195,040 to €217,100
of which Plant, machinery and equipment: +€26,400
- Receivables within one year +€16,462
up €16,462 (+9.4%), from €175,168 to €191,630
of which Other amounts receivable: +€14,294
- Cash +€13,508
up €13,508 (+1,544%), from €875 to €14,382
mainly Net result for the year (+€46,291) and Debts after one year (+€23,756)
- Profit (loss) carried forward +€46,291
up €46,291 (+36.0%), from €128,694 to €174,985
- Debts after one year +€23,756
up €23,756 (+16.9%), from €140,156 to €163,912
- Accrued charges and deferred income +€20,000
up €20,000 (+320%), from €6,241 to €26,241
- Tax, wage and social debts +€15,089
up €15,089 (+45.9%), from €32,897 to €47,986
- Short-term financial debts -€13,735
down €13,735 (-100%), from €13,735 to €0
- Gross operating margin +€30,534
up €30,534 (+54.1%), from €56,410 to €86,944
- Taxes +€7,705
up €7,705 (+84.3%), from €9,146 to €16,851
- Financial charges +€2,895
up €2,895 (+38.3%), from €7,563 to €10,458
- Other operating charges -€1,896
down €1,896 (-83.8%), from €2,262 to €367
- Depreciation +€1,413
up €1,413 (+11.2%), from €12,574 to €13,987
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 | €418,579 | €495,949 | +€77,369 | +18.5% |
| Fixed assets | 21/28 | €203,186 | €225,083 | +€21,897 | +10.8% |
| Tangible fixed assets | 22/27 | €195,040 | €217,100 | +€22,060 | +11.3% |
| Land and buildings | 22 | €193,716 | €183,176 | -€10,540 | -5.4% |
| Plant, machinery and equipment | 23 | - | €26,400 | +€26,400 | |
| Furniture and vehicles | 24 | €1,323 | €7,524 | +€6,201 | +468% |
| Financial fixed assets | 28 | €8,146 | €7,983 | -€163 | -2.0% |
| Current assets | 29/58 | €215,393 | €270,865 | +€55,472 | +25.8% |
| Stocks and contracts in progress | 3 | €39,351 | €64,853 | +€25,502 | +64.8% |
| Stocks | 30/36 | €39,351 | €64,853 | +€25,502 | +64.8% |
| Amounts receivable within one year | 40/41 | €175,168 | €191,630 | +€16,462 | +9.4% |
| Trade receivables | 40 | €154,927 | €157,096 | +€2,169 | +1.4% |
| Other amounts receivable | 41 | €20,240 | €34,534 | +€14,294 | +70.6% |
| Cash at bank and in hand | 54/58 | €875 | €14,382 | +€13,508 | +1,544% |
| Total equity and liabilities | 10/49 | €418,579 | €495,949 | +€77,369 | +18.5% |
| Equity | 10/15 | €136,754 | €183,045 | +€46,291 | +33.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,694 | €174,985 | +€46,291 | +36.0% |
| Amounts payable | 17/49 | €281,825 | €312,904 | +€31,079 | +11.0% |
| Amounts payable after more than one year | 17 | €140,156 | €163,912 | +€23,756 | +16.9% |
| Financial debts | 170/4 | €140,156 | €163,912 | +€23,756 | +16.9% |
| Amounts payable within one year | 42/48 | €135,428 | €122,751 | -€12,678 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €22,422 | €9,725 | -€12,697 | -56.6% |
| Financial debts | 43 | €13,735 | €0 | -€13,735 | -100% |
| Credit institutions | 430/8 | €13,735 | €0 | -€13,735 | -100% |
| Trade debts | 44 | €66,074 | €64,740 | -€1,334 | -2.0% |
| Suppliers | 440/4 | €40,210 | €38,876 | -€1,334 | -3.3% |
| Bills of exchange payable | 441 | €25,864 | €25,864 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €32,897 | €47,986 | +€15,089 | +45.9% |
| Taxes | 450/3 | €32,897 | €47,986 | +€15,089 | +45.9% |
| Other amounts payable | 47/48 | €300 | €300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,241 | €26,241 | +€20,000 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,574 | €13,987 | +€1,413 | +11.2% |
| Other operating charges | 640/8 | €2,262 | €367 | -€1,896 | -83.8% |
| Gross operating margin | 9900 | €56,410 | €86,944 | +€30,534 | +54.1% |
| Operating profit (loss) | 9901 | €41,574 | €72,590 | +€31,016 | +74.6% |
| Financial income | 75/76B | €1,128 | €1,010 | -€118 | -10.5% |
| Recurring financial income | 75 | €1,128 | €1,010 | -€118 | -10.5% |
| Financial charges | 65/66B | €7,563 | €10,458 | +€2,895 | +38.3% |
| Recurring financial charges | 65 | €7,563 | €10,458 | +€2,895 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €35,139 | €63,142 | +€28,003 | +79.7% |
| Income taxes | 67/77 | €9,146 | €16,851 | +€7,705 | +84.3% |
| Profit (loss) for the period | 9904 | €25,993 | €46,291 | +€20,297 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,993 | €46,291 | +€20,297 | +78.1% |
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 15 October 2026 via checked.be.