StUDIO SAnTEE: 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 SAnTEE
Largest movements
- Tangible fixed assets +€123,028
up €123,028 (+106%), from €116,333 to €239,360
of which Land and buildings: +€158,052
- Cash +€20,852
up €20,852 (+208%), from €10,032 to €30,885
mainly Debts after one year (+€170,989) and Other debts (+€40,031)
- Receivables within one year -€15,783
down €15,783 (-63.5%), from €24,837 to €9,055
of which Other amounts receivable: -€14,829
- Debts after one year +€170,989
new in 2025: €170,989
- Reserves -€132,469
no longer reported in 2025 (was €132,469)
- Other debts +€40,031
new in 2025: €40,031
- Tax, wage and social debts +€18,908
up €18,908 (+159%), from €11,860 to €30,768
- Current portion of long-term debt +€16,021
new in 2025: €16,021
- Gross operating margin -€21,095
down €21,095 (-25.8%), from €81,628 to €60,533
- Depreciation +€12,030
up €12,030 (+53.5%), from €22,497 to €34,526
- Taxes -€10,960
no longer reported in 2025 (was €10,960)
- Financial charges +€3,655
up €3,655 (+92.8%), from €3,939 to €7,594
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 | €157,200 | €282,297 | +€125,097 | +79.6% |
| Fixed assets | 21/28 | €122,330 | €242,358 | +€120,028 | +98.1% |
| Intangible fixed assets | 21 | €3,997 | €2,997 | -€1,000 | -25.0% |
| Tangible fixed assets | 22/27 | €116,333 | €239,360 | +€123,028 | +106% |
| Land and buildings | 22 | - | €158,052 | +€158,052 | |
| Plant, machinery and equipment | 23 | €2,566 | €1,596 | -€970 | -37.8% |
| Furniture and vehicles | 24 | €1,972 | €6,355 | +€4,383 | +222% |
| Other tangible fixed assets | 26 | €111,795 | €73,357 | -€38,438 | -34.4% |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €34,870 | €39,940 | +€5,070 | +14.5% |
| Amounts receivable within one year | 40/41 | €24,837 | €9,055 | -€15,783 | -63.5% |
| Trade receivables | 40 | €5,446 | €4,493 | -€953 | -17.5% |
| Other amounts receivable | 41 | €19,391 | €4,562 | -€14,829 | -76.5% |
| Cash at bank and in hand | 54/58 | €10,032 | €30,885 | +€20,852 | +208% |
| Total equity and liabilities | 10/49 | €157,200 | €282,297 | +€125,097 | +79.6% |
| Equity | 10/15 | €133,469 | -€20 | -€133,489 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €132,469 | - | -€132,469 | |
| Distributable reserves | 133 | €132,469 | - | -€132,469 | |
| Profit (loss) carried forward | 14 | - | -€1,020 | -€1,020 | |
| Amounts payable | 17/49 | €23,731 | €282,317 | +€258,586 | +1,090% |
| Amounts payable after more than one year | 17 | - | €170,989 | +€170,989 | |
| Financial debts | 170/4 | - | €170,989 | +€170,989 | |
| Amounts payable within one year | 42/48 | €23,731 | €111,328 | +€87,597 | +369% |
| Current portion of amounts payable after more than one year | 42 | - | €16,021 | +€16,021 | |
| Trade debts | 44 | €11,871 | €24,508 | +€12,637 | +106% |
| Suppliers | 440/4 | €11,871 | €24,508 | +€12,637 | +106% |
| Taxes, remuneration and social security | 45 | €11,860 | €30,768 | +€18,908 | +159% |
| Taxes | 450/3 | €11,860 | €30,768 | +€18,908 | +159% |
| Other amounts payable | 47/48 | - | €40,031 | +€40,031 | |
| Non-recurring operating income | 76A | - | €2,230 | +€2,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,497 | €34,526 | +€12,030 | +53.5% |
| Other operating charges | 640/8 | €2,109 | €1,736 | -€372 | -17.6% |
| Non-recurring operating charges | 66A | - | €17,917 | +€17,917 | |
| Gross operating margin | 9900 | €81,628 | €60,533 | -€21,095 | -25.8% |
| Operating profit (loss) | 9901 | €57,023 | €6,354 | -€50,669 | -88.9% |
| Financial income | 75/76B | - | €219 | +€219 | |
| Recurring financial income | 75 | - | €219 | +€219 | |
| Financial charges | 65/66B | €3,939 | €7,594 | +€3,655 | +92.8% |
| Recurring financial charges | 65 | €3,939 | €7,594 | +€3,655 | +92.8% |
| Profit (loss) for the period before taxes | 9903 | €53,084 | -€1,020 | -€54,104 | |
| Income taxes | 67/77 | €10,960 | - | -€10,960 | |
| Profit (loss) for the period | 9904 | €42,124 | -€1,020 | -€43,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,124 | -€1,020 | -€43,144 |
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 14 October 2026 via checked.be.