STUDIO RENÈS: 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 RENÈS
Largest movements
- Tangible fixed assets +€57,796
up €57,796 (+58.3%), from €99,079 to €156,875
- Receivables within one year -€21,123
down €21,123 (-70.2%), from €30,089 to €8,966
of which Trade receivables: -€12,625
- Intangible fixed assets +€8,019
new in 2025: €8,019
- Stocks and contracts +€6,000
up €6,000 (+64.9%), from €9,245 to €15,245
- Deferred charges and accrued income +€5,810
up €5,810 (+183.9%), from €3,159 to €8,969
- Other debts +€159,034
new in 2025: €159,034
- Profit (loss) carried forward -€141,802
down €141,802 (-411.8%), from -€34,437 to -€176,239
- Trade debts +€42,503
up €42,503 (+504.6%), from €8,423 to €50,926
- Debts after one year -€18,917
down €18,917 (-16.5%), from €114,424 to €95,508
- Accrued charges and deferred income -€10,303
no longer reported in 2025 (was €10,303)
- Staff costs +€59,658
up €59,658 (+1741.0%), from €3,427 to €63,084
- Gross operating margin -€22,740
down €22,740 (-83.8%), from -€27,145 to -€49,885
- Depreciation +€20,812
up €20,812 (+4558.5%), from €457 to €21,269
- Financial charges +€2,742
up €2,742 (+80.5%), from €3,408 to €6,150
- Other operating charges +€2,473
new in 2025: €2,473
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 | €145,171 | €198,299 | +€53,128 | +36.6% |
| Fixed assets | 21/28 | €99,079 | €165,119 | +€66,040 | +66.7% |
| Intangible fixed assets | 21 | - | €8,019 | +€8,019 | |
| Tangible fixed assets | 22/27 | €99,079 | €156,875 | +€57,796 | +58.3% |
| Plant, machinery and equipment | 23 | €1,852 | €7,085 | +€5,233 | +282.6% |
| Furniture and vehicles | 24 | - | €3,400 | +€3,400 | |
| Leasing and similar rights | 25 | - | €23,339 | +€23,339 | |
| Other tangible fixed assets | 26 | €97,227 | €123,051 | +€25,824 | +26.6% |
| Financial fixed assets | 28 | - | €225 | +€225 | |
| Current assets | 29/58 | €46,092 | €33,180 | -€12,912 | -28.0% |
| Stocks and contracts in progress | 3 | €9,245 | €15,245 | +€6,000 | +64.9% |
| Stocks | 30/36 | €9,245 | €15,245 | +€6,000 | +64.9% |
| Amounts receivable within one year | 40/41 | €30,089 | €8,966 | -€21,123 | -70.2% |
| Trade receivables | 40 | €21,047 | €8,422 | -€12,625 | -60.0% |
| Other amounts receivable | 41 | €9,042 | €545 | -€8,497 | -94.0% |
| Cash at bank and in hand | 54/58 | €3,599 | - | -€3,599 | |
| Deferred charges and accrued income | 490/1 | €3,159 | €8,969 | +€5,810 | +183.9% |
| Total equity and liabilities | 10/49 | €145,171 | €198,299 | +€53,128 | +36.6% |
| Equity | 10/15 | -€4,437 | -€146,239 | -€141,802 | -3196.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,437 | -€176,239 | -€141,802 | -411.8% |
| Amounts payable | 17/49 | €149,608 | €344,538 | +€194,930 | +130.3% |
| Amounts payable after more than one year | 17 | €114,424 | €95,508 | -€18,917 | -16.5% |
| Financial debts | 170/4 | €114,424 | €95,508 | -€18,917 | -16.5% |
| Amounts payable within one year | 42/48 | €24,881 | €249,031 | +€224,150 | +900.9% |
| Current portion of amounts payable after more than one year | 42 | €13,720 | €21,676 | +€7,956 | +58.0% |
| Financial debts | 43 | - | €4,631 | +€4,631 | |
| Credit institutions | 430/8 | - | €4,631 | +€4,631 | |
| Trade debts | 44 | €8,423 | €50,926 | +€42,503 | +504.6% |
| Suppliers | 440/4 | €8,423 | €50,926 | +€42,503 | +504.6% |
| Taxes, remuneration and social security | 45 | €2,738 | €12,764 | +€10,025 | +366.1% |
| Taxes | 450/3 | - | €2,418 | +€2,418 | |
| Remuneration and social security | 454/9 | €2,738 | €10,346 | +€7,607 | +277.8% |
| Other amounts payable | 47/48 | - | €159,034 | +€159,034 | |
| Accrued charges and deferred income | 492/3 | €10,303 | - | -€10,303 | |
| Remuneration, social security and pensions | 62 | €3,427 | €63,084 | +€59,658 | +1741.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €21,269 | +€20,812 | +4558.5% |
| Other operating charges | 640/8 | - | €2,473 | +€2,473 | |
| Gross operating margin | 9900 | -€27,145 | -€49,885 | -€22,740 | -83.8% |
| Operating profit (loss) | 9901 | -€31,029 | -€136,712 | -€105,683 | -340.6% |
| Financial income | 75/76B | €0 | €1,059 | +€1,059 | +5297200.0% |
| Recurring financial income | 75 | €0 | €1,059 | +€1,059 | +5297200.0% |
| Financial charges | 65/66B | €3,408 | €6,150 | +€2,742 | +80.5% |
| Recurring financial charges | 65 | €3,408 | €6,150 | +€2,742 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,437 | -€141,802 | -€107,366 | -311.8% |
| Profit (loss) for the period | 9904 | -€34,437 | -€141,802 | -€107,366 | -311.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,437 | -€141,802 | -€107,366 | -311.8% |
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 11 October 2026 via checked.be.