STUDIO RICARDO BREY: 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 RICARDO BREY
Largest movements
- Cash -€29,634
down €29,634 (-77.1%), from €38,441 to €8,807
mainly Net result for the year (-€17,466) and Receivables within one year (-€8,788)
- Receivables within one year +€8,788
up €8,788 (+379%), from €2,316 to €11,105
of which Trade receivables: +€9,307
- Deferred charges and accrued income +€2,574
up €2,574 (+44.1%), from €5,836 to €8,410
- Tangible fixed assets -€971
down €971 (-36.6%), from €2,653 to €1,682
- Profit (loss) carried forward -€17,466
down €17,466 (-72.5%), from €24,089 to €6,624
- Trade debts +€3,338
up €3,338 (+51.3%), from €6,510 to €9,848
- Tax, wage and social debts -€2,640
down €2,640 (-65.5%), from €4,030 to €1,390
of which Taxes: -€2,640
- Short-term financial debts -€1,273
down €1,273 (-85.5%), from €1,489 to €216
of which Credit institutions: -€1,273
- Other debts -€1,201
down €1,201 (-9.9%), from €12,127 to €10,926
- Gross operating margin -€28,393
down €28,393, from €12,447 to -€15,946
- Taxes -€2,460
down €2,460 (-100%), from €2,460 to €0
- Financial charges -€1,655
down €1,655 (-74.6%), from €2,220 to €565
- Financial income -€836
down €836 (-83.9%), from €996 to €160
- Other operating charges -€801
down €801 (-84.8%), from €945 to €144
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 | €49,246 | €30,004 | -€19,242 | -39.1% |
| Fixed assets | 21/28 | €2,653 | €1,682 | -€971 | -36.6% |
| Tangible fixed assets | 22/27 | €2,653 | €1,682 | -€971 | -36.6% |
| Plant, machinery and equipment | 23 | €826 | €517 | -€308 | -37.4% |
| Furniture and vehicles | 24 | €368 | €0 | -€368 | -100% |
| Other tangible fixed assets | 26 | €1,459 | €1,165 | -€294 | -20.2% |
| Current assets | 29/58 | €46,593 | €28,322 | -€18,271 | -39.2% |
| Amounts receivable within one year | 40/41 | €2,316 | €11,105 | +€8,788 | +379% |
| Trade receivables | 40 | €1,055 | €10,362 | +€9,307 | +882% |
| Other amounts receivable | 41 | €1,261 | €742 | -€519 | -41.1% |
| Cash at bank and in hand | 54/58 | €38,441 | €8,807 | -€29,634 | -77.1% |
| Deferred charges and accrued income | 490/1 | €5,836 | €8,410 | +€2,574 | +44.1% |
| Total equity and liabilities | 10/49 | €49,246 | €30,004 | -€19,242 | -39.1% |
| Equity | 10/15 | €25,089 | €7,624 | -€17,466 | -69.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,089 | €6,624 | -€17,466 | -72.5% |
| Amounts payable | 17/49 | €24,157 | €22,380 | -€1,777 | -7.4% |
| Amounts payable within one year | 42/48 | €24,157 | €22,380 | -€1,777 | -7.4% |
| Financial debts | 43 | €1,489 | €216 | -€1,273 | -85.5% |
| Credit institutions | 430/8 | €1,489 | €216 | -€1,273 | -85.5% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €6,510 | €9,848 | +€3,338 | +51.3% |
| Suppliers | 440/4 | €6,510 | €9,848 | +€3,338 | +51.3% |
| Taxes, remuneration and social security | 45 | €4,030 | €1,390 | -€2,640 | -65.5% |
| Taxes | 450/3 | €2,780 | €140 | -€2,640 | -95.0% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €12,127 | €10,926 | -€1,201 | -9.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €945 | €971 | +€25 | +2.7% |
| Other operating charges | 640/8 | €945 | €144 | -€801 | -84.8% |
| Gross operating margin | 9900 | €12,447 | -€15,946 | -€28,393 | |
| Operating profit (loss) | 9901 | €10,557 | -€17,061 | -€27,618 | |
| Financial income | 75/76B | €996 | €160 | -€836 | -83.9% |
| Recurring financial income | 75 | €996 | €160 | -€836 | -83.9% |
| Financial charges | 65/66B | €2,220 | €565 | -€1,655 | -74.6% |
| Recurring financial charges | 65 | €2,220 | €565 | -€1,655 | -74.6% |
| Profit (loss) for the period before taxes | 9903 | €9,333 | -€17,466 | -€26,798 | |
| Income taxes | 67/77 | €2,460 | €0 | -€2,460 | -100% |
| Profit (loss) for the period | 9904 | €6,872 | -€17,466 | -€24,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,872 | -€17,466 | -€24,338 |
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 1 November 2026 via checked.be.