STUDIO ROAS: what changed
Two fiscal 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 ROAS
Largest movements
- Cash -€30,739
down €30,739 (-78.6%), from €39,103 to €8,364
mainly Other debts (-€35,053) and Investment in fixed assets (net) (-€8,667)
- Receivables within one year -€9,633
down €9,633 (-95.5%), from €10,092 to €459
of which Other amounts receivable: -€5,350
- Tangible fixed assets +€5,050
up €5,050 (+112.3%), from €4,499 to €9,549
of which Land and buildings: +€3,949
- Other debts -€35,053
down €35,053 (-89.6%), from €39,122 to €4,070
- Tax, wage and social debts -€7,876
down €7,876 (-78.1%), from €10,080 to €2,203
- Debts after one year +€7,173
up €7,173, from €0 to €7,173
of which Financial debts: +€7,173
- Trade debts +€783
up €783 (+159.8%), from €490 to €1,273
- Gross operating margin -€23,709
down €23,709 (-65.1%), from €36,416 to €12,708
- Financial charges -€12,127
down €12,127 (-88.5%), from €13,705 to €1,578
- Taxes -€2,624
down €2,624 (-51.4%), from €5,110 to €2,486
- Other operating charges -€1,930
down €1,930 (-69.0%), from €2,796 to €867
- Depreciation +€1,028
up €1,028 (+39.7%), from €2,589 to €3,617
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 | €53,782 | €18,765 | -€35,017 | -65.1% |
| Fixed assets | 21/28 | €4,499 | €9,549 | +€5,050 | +112.3% |
| Tangible fixed assets | 22/27 | €4,499 | €9,549 | +€5,050 | +112.3% |
| Land and buildings | 22 | - | €3,949 | +€3,949 | |
| Plant, machinery and equipment | 23 | €3,435 | €1,309 | -€2,126 | -61.9% |
| Furniture and vehicles | 24 | €1,064 | €4,290 | +€3,227 | +303.4% |
| Current assets | 29/58 | €49,283 | €9,216 | -€40,067 | -81.3% |
| Amounts receivable within one year | 40/41 | €10,092 | €459 | -€9,633 | -95.5% |
| Trade receivables | 40 | €4,283 | €0 | -€4,283 | -100.0% |
| Other amounts receivable | 41 | €5,809 | €459 | -€5,350 | -92.1% |
| Cash at bank and in hand | 54/58 | €39,103 | €8,364 | -€30,739 | -78.6% |
| Deferred charges and accrued income | 490/1 | €88 | €393 | +€305 | +346.5% |
| Total equity and liabilities | 10/49 | €53,782 | €18,765 | -€35,017 | -65.1% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,782 | €14,765 | -€35,017 | -70.3% |
| Amounts payable after more than one year | 17 | €0 | €7,173 | +€7,173 | |
| Financial debts | 170/4 | - | €7,173 | +€7,173 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €49,782 | €7,591 | -€42,190 | -84.8% |
| Financial debts | 43 | €90 | €0 | -€90 | -100.0% |
| Credit institutions | 430/8 | €90 | €0 | -€90 | -100.0% |
| Trade debts | 44 | €490 | €1,273 | +€783 | +159.8% |
| Suppliers | 440/4 | €490 | €1,273 | +€783 | +159.8% |
| Advances received on contracts in progress | 46 | - | €45 | +€45 | |
| Taxes, remuneration and social security | 45 | €10,080 | €2,203 | -€7,876 | -78.1% |
| Taxes | 450/3 | €10,080 | €2,203 | -€7,876 | -78.1% |
| Other amounts payable | 47/48 | €39,122 | €4,070 | -€35,053 | -89.6% |
| Non-recurring operating income | 76A | €59,535 | €0 | -€59,535 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,589 | €3,617 | +€1,028 | +39.7% |
| Other operating charges | 640/8 | €2,796 | €867 | -€1,930 | -69.0% |
| Gross operating margin | 9900 | €36,416 | €12,708 | -€23,709 | -65.1% |
| Operating profit (loss) | 9901 | €31,031 | €8,224 | -€22,807 | -73.5% |
| Financial income | 75/76B | €241 | €24 | -€217 | -90.2% |
| Recurring financial income | 75 | €241 | €24 | -€217 | -90.2% |
| Financial charges | 65/66B | €13,705 | €1,578 | -€12,127 | -88.5% |
| Recurring financial charges | 65 | €13,705 | €1,578 | -€12,127 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €17,567 | €6,669 | -€10,897 | -62.0% |
| Income taxes | 67/77 | €5,110 | €2,486 | -€2,624 | -51.4% |
| Profit (loss) for the period | 9904 | €12,457 | €4,184 | -€8,273 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,457 | €4,184 | -€8,273 | -66.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.