Studio SE: 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 SE
Largest movements
- Cash -€11,840
down €11,840 (-50.4%), from €23,514 to €11,674
mainly Trade debts (-€38,826) and Tax, wage and social debts (-€9,405)
- Receivables within one year +€5,303
up €5,303 (+189%), from €2,804 to €8,107
of which Trade receivables: +€5,506
- Tangible fixed assets -€3,975
down €3,975 (-7.6%), from €52,099 to €48,124
of which Other tangible fixed assets: -€4,289
- Intangible fixed assets -€2,500
down €2,500 (-10.5%), from €23,856 to €21,356
- Trade debts -€38,826
down €38,826 (-88.0%), from €44,122 to €5,296
- Reserves +€35,714
up €35,714 (+98.3%), from €36,337 to €72,052
- Tax, wage and social debts -€9,405
down €9,405 (-40.8%), from €23,063 to €13,658
- Depreciation +€8,153
up €8,153 (+234%), from €3,489 to €11,642
- Gross operating margin +€6,276
up €6,276 (+12.3%), from €50,964 to €57,240
- Taxes -€1,320
down €1,320 (-12.3%), from €10,714 to €9,394
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 | €103,884 | €91,518 | -€12,365 | -11.9% |
| Fixed assets | 21/28 | €75,955 | €69,480 | -€6,475 | -8.5% |
| Intangible fixed assets | 21 | €23,856 | €21,356 | -€2,500 | -10.5% |
| Tangible fixed assets | 22/27 | €52,099 | €48,124 | -€3,975 | -7.6% |
| Furniture and vehicles | 24 | €9,479 | €9,792 | +€313 | +3.3% |
| Other tangible fixed assets | 26 | €42,620 | €38,331 | -€4,289 | -10.1% |
| Current assets | 29/58 | €27,929 | €22,039 | -€5,890 | -21.1% |
| Amounts receivable within one year | 40/41 | €2,804 | €8,107 | +€5,303 | +189% |
| Trade receivables | 40 | €2,602 | €8,107 | +€5,506 | +212% |
| Other amounts receivable | 41 | €203 | €0 | -€203 | -100% |
| Cash at bank and in hand | 54/58 | €23,514 | €11,674 | -€11,840 | -50.4% |
| Deferred charges and accrued income | 490/1 | €1,611 | €2,258 | +€647 | +40.1% |
| Total equity and liabilities | 10/49 | €103,884 | €91,518 | -€12,365 | -11.9% |
| Equity | 10/15 | €36,437 | €72,152 | +€35,714 | +98.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €36,337 | €72,052 | +€35,714 | +98.3% |
| Distributable reserves | 133 | €36,337 | €72,052 | +€35,714 | +98.3% |
| Amounts payable | 17/49 | €67,447 | €19,367 | -€48,080 | -71.3% |
| Amounts payable within one year | 42/48 | €67,447 | €19,367 | -€48,080 | -71.3% |
| Trade debts | 44 | €44,122 | €5,296 | -€38,826 | -88.0% |
| Suppliers | 440/4 | €44,122 | €5,296 | -€38,826 | -88.0% |
| Taxes, remuneration and social security | 45 | €23,063 | €13,658 | -€9,405 | -40.8% |
| Taxes | 450/3 | €23,063 | €13,658 | -€9,405 | -40.8% |
| Other amounts payable | 47/48 | €262 | €412 | +€151 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,489 | €11,642 | +€8,153 | +234% |
| Other operating charges | 640/8 | €426 | €453 | +€27 | +6.2% |
| Gross operating margin | 9900 | €50,964 | €57,240 | +€6,276 | +12.3% |
| Operating profit (loss) | 9901 | €47,049 | €45,145 | -€1,904 | -4.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | - | €36 | +€36 | |
| Recurring financial charges | 65 | - | €36 | +€36 | |
| Profit (loss) for the period before taxes | 9903 | €47,052 | €45,109 | -€1,943 | -4.1% |
| Income taxes | 67/77 | €10,714 | €9,394 | -€1,320 | -12.3% |
| Profit (loss) for the period | 9904 | €36,337 | €35,714 | -€623 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,337 | €35,714 | -€623 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.