STUDIO REMBRANDT: 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 REMBRANDT
Largest movements
- Cash -€18,050
down €18,050 (-38.4%), from €46,972 to €28,922
mainly Net result for the year (-€22,667) and Current investments (-€6,469)
- Receivables within one year -€7,961
down €7,961 (-45.5%), from €17,511 to €9,550
of which Trade receivables: -€11,267
- Current investments +€6,469
up €6,469 (+2.5%), from €255,000 to €261,469
- Reserves -€24,333
down €24,333 (-5.6%), from €434,485 to €410,152
of which Distributable reserves: -€24,333
- Trade debts +€9,534
up €9,534 (+507%), from €1,881 to €11,415
- Tax, wage and social debts -€5,421
down €5,421 (-100%), from €5,421 to €0
of which Taxes: -€4,921
- Gross operating margin -€64,282
down €64,282, from €53,495 to -€10,787
- Taxes -€12,742
down €12,742 (-100%), from €12,742 to €0
- Financial income -€4,808
down €4,808 (-48.0%), from €10,023 to €5,214
- Staff costs -€4,507
down €4,507 (-39.7%), from €11,348 to €6,841
- Depreciation -€3,256
down €3,256 (-100%), from €3,256 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,410 | €443,899 | -€20,510 | -4.4% |
| Fixed assets | 21/28 | €143,737 | €143,737 | = | 0.0% |
| Tangible fixed assets | 22/27 | €143,737 | €143,737 | = | 0.0% |
| Land and buildings | 22 | €143,737 | €143,737 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €320,672 | €300,162 | -€20,510 | -6.4% |
| Amounts receivable within one year | 40/41 | €17,511 | €9,550 | -€7,961 | -45.5% |
| Trade receivables | 40 | €13,727 | €2,460 | -€11,267 | -82.1% |
| Other amounts receivable | 41 | €3,784 | €7,090 | +€3,306 | +87.4% |
| Current investments | 50/53 | €255,000 | €261,469 | +€6,469 | +2.5% |
| Cash at bank and in hand | 54/58 | €46,972 | €28,922 | -€18,050 | -38.4% |
| Deferred charges and accrued income | 490/1 | €1,190 | €221 | -€969 | -81.4% |
| Total equity and liabilities | 10/49 | €464,410 | €443,899 | -€20,510 | -4.4% |
| Equity | 10/15 | €453,085 | €428,752 | -€24,333 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €434,485 | €410,152 | -€24,333 | -5.6% |
| Non-distributable reserves | 130/1 | €6,881 | €6,881 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,881 | €6,881 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,828 | €54,828 | = | 0.0% |
| Distributable reserves | 133 | €372,776 | €348,443 | -€24,333 | -6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,324 | €15,147 | +€3,823 | +33.8% |
| Amounts payable within one year | 42/48 | €8,967 | €13,081 | +€4,113 | +45.9% |
| Trade debts | 44 | €1,881 | €11,415 | +€9,534 | +507% |
| Suppliers | 440/4 | €1,881 | €11,415 | +€9,534 | +507% |
| Taxes, remuneration and social security | 45 | €5,421 | €0 | -€5,421 | -100% |
| Taxes | 450/3 | €4,921 | €0 | -€4,921 | -100% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,357 | €2,066 | -€291 | -12.3% |
| Remuneration, social security and pensions | 62 | €11,348 | €6,841 | -€4,507 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,256 | €0 | -€3,256 | -100% |
| Other operating charges | 640/8 | €9,656 | €9,933 | +€277 | +2.9% |
| Gross operating margin | 9900 | €53,495 | -€10,787 | -€64,282 | |
| Operating profit (loss) | 9901 | €29,235 | -€27,561 | -€56,797 | |
| Financial income | 75/76B | €10,023 | €5,214 | -€4,808 | -48.0% |
| Recurring financial income | 75 | €10,023 | €5,214 | -€4,808 | -48.0% |
| Financial charges | 65/66B | €506 | €320 | -€186 | -36.8% |
| Recurring financial charges | 65 | €506 | €320 | -€186 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €38,751 | -€22,667 | -€61,418 | |
| Income taxes | 67/77 | €12,742 | €0 | -€12,742 | -100% |
| Profit (loss) for the period | 9904 | €26,010 | -€22,667 | -€48,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,010 | -€22,667 | -€48,677 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.