STUDIO ROE: 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 ROE
Largest movements
- Receivables within one year -€7,145
down €7,145 (-92.2%), from €7,751 to €606
of which Trade receivables: -€6,000
- Cash +€4,010
up €4,010 (+126.5%), from €3,169 to €7,178
mainly Receivables within one year (+€7,145) and Deferred charges and accrued income (+€33)
- Reserves -€1,718
down €1,718 (-38.9%), from €4,421 to €2,704
- Tax, wage and social debts -€1,160
down €1,160 (-100.0%), from €1,160 to €0
- Trade debts -€290
down €290 (-100.0%), from €290 to €0
- Gross operating margin -€1,138
down €1,138, from €323 to -€815
- Financial charges +€301
up €301 (+691.2%), from €44 to €344
- Other operating charges +€105
up €105 (+23.0%), from €454 to €559
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 | €10,953 | €7,784 | -€3,168 | -28.9% |
| Current assets | 29/58 | €10,953 | €7,784 | -€3,168 | -28.9% |
| Amounts receivable within one year | 40/41 | €7,751 | €606 | -€7,145 | -92.2% |
| Trade receivables | 40 | €6,000 | €0 | -€6,000 | -100.0% |
| Other amounts receivable | 41 | €1,751 | €606 | -€1,145 | -65.4% |
| Cash at bank and in hand | 54/58 | €3,169 | €7,178 | +€4,010 | +126.5% |
| Deferred charges and accrued income | 490/1 | €33 | €0 | -€33 | -100.0% |
| Total equity and liabilities | 10/49 | €10,953 | €7,784 | -€3,168 | -28.9% |
| Equity | 10/15 | €9,421 | €7,704 | -€1,718 | -18.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,421 | €2,704 | -€1,718 | -38.9% |
| Distributable reserves | 133 | €4,421 | €2,704 | -€1,718 | -38.9% |
| Amounts payable | 17/49 | €1,532 | €81 | -€1,451 | -94.7% |
| Amounts payable after more than one year | 17 | €81 | €81 | = | 0.0% |
| Other amounts payable | 178/9 | €81 | €81 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,451 | €0 | -€1,451 | -100.0% |
| Trade debts | 44 | €290 | €0 | -€290 | -100.0% |
| Suppliers | 440/4 | €290 | €0 | -€290 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,160 | €0 | -€1,160 | -100.0% |
| Taxes | 450/3 | €1,160 | €0 | -€1,160 | -100.0% |
| Other operating charges | 640/8 | €454 | €559 | +€105 | +23.0% |
| Gross operating margin | 9900 | €323 | -€815 | -€1,138 | |
| Operating profit (loss) | 9901 | -€131 | -€1,373 | -€1,243 | -949.2% |
| Financial charges | 65/66B | €44 | €344 | +€301 | +691.2% |
| Recurring financial charges | 65 | €44 | €344 | +€301 | +691.2% |
| Profit (loss) for the period before taxes | 9903 | -€174 | -€1,718 | -€1,543 | -884.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€174 | -€1,718 | -€1,543 | -884.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€174 | -€1,718 | -€1,543 | -884.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.