STUDIO SEGERS - BRANTS: 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 SEGERS - BRANTS
Largest movements
- Cash +€133,811
up €133,811 (+236%), from €56,653 to €190,465
mainly Current investments (+€124,393) and Deferred charges and accrued income (+€36,653)
- Current investments -€124,393
down €124,393 (-55.3%), from €225,000 to €100,607
- Deferred charges and accrued income -€36,653
down €36,653 (-97.0%), from €37,792 to €1,139
- Tangible fixed assets -€10,311
down €10,311 (-22.4%), from €46,012 to €35,702
of which Furniture and vehicles: -€9,570
- Reserves -€73,417
down €73,417 (-19.1%), from €383,883 to €310,467
- Trade debts +€30,614
up €30,614 (+64.1%), from €47,785 to €78,399
- Short-term financial debts -€6,536
down €6,536 (-81.8%), from €7,992 to €1,456
- Other debts +€6,219
up €6,219 (+7.1%), from €88,205 to €94,424
- Gross operating margin -€49,522
down €49,522 (-46.0%), from €107,636 to €58,114
- Taxes -€9,058
down €9,058 (-46.3%), from €19,579 to €10,521
- Financial income +€2,601
up €2,601, from €0 to €2,601
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 | €546,475 | €505,677 | -€40,798 | -7.5% |
| Fixed assets | 21/28 | €46,012 | €35,702 | -€10,311 | -22.4% |
| Tangible fixed assets | 22/27 | €46,012 | €35,702 | -€10,311 | -22.4% |
| Plant, machinery and equipment | 23 | €4,250 | €3,509 | -€741 | -17.4% |
| Furniture and vehicles | 24 | €41,763 | €32,193 | -€9,570 | -22.9% |
| Current assets | 29/58 | €500,462 | €469,975 | -€30,487 | -6.1% |
| Amounts receivable within one year | 40/41 | €181,017 | €177,765 | -€3,252 | -1.8% |
| Trade receivables | 40 | €175,596 | €158,026 | -€17,570 | -10.0% |
| Other amounts receivable | 41 | €5,421 | €19,739 | +€14,318 | +264% |
| Current investments | 50/53 | €225,000 | €100,607 | -€124,393 | -55.3% |
| Cash at bank and in hand | 54/58 | €56,653 | €190,465 | +€133,811 | +236% |
| Deferred charges and accrued income | 490/1 | €37,792 | €1,139 | -€36,653 | -97.0% |
| Total equity and liabilities | 10/49 | €546,475 | €505,677 | -€40,798 | -7.5% |
| Equity | 10/15 | €388,883 | €315,467 | -€73,417 | -18.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €383,883 | €310,467 | -€73,417 | -19.1% |
| Distributable reserves | 133 | €383,883 | €310,467 | -€73,417 | -19.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €157,591 | €190,210 | +€32,619 | +20.7% |
| Amounts payable within one year | 42/48 | €157,591 | €190,210 | +€32,619 | +20.7% |
| Financial debts | 43 | €7,992 | €1,456 | -€6,536 | -81.8% |
| Credit institutions | 430/8 | €7,992 | €1,456 | -€6,536 | -81.8% |
| Trade debts | 44 | €47,785 | €78,399 | +€30,614 | +64.1% |
| Suppliers | 440/4 | €47,785 | €78,399 | +€30,614 | +64.1% |
| Taxes, remuneration and social security | 45 | €13,609 | €15,930 | +€2,321 | +17.1% |
| Taxes | 450/3 | €13,609 | €15,930 | +€2,321 | +17.1% |
| Other amounts payable | 47/48 | €88,205 | €94,424 | +€6,219 | +7.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,079 | €13,237 | +€157 | +1.2% |
| Other operating charges | 640/8 | €1,185 | €621 | -€564 | -47.6% |
| Gross operating margin | 9900 | €107,636 | €58,114 | -€49,522 | -46.0% |
| Operating profit (loss) | 9901 | €93,372 | €44,256 | -€49,116 | -52.6% |
| Financial income | 75/76B | €0 | €2,601 | +€2,601 | |
| Recurring financial income | 75 | €0 | €2,601 | +€2,601 | |
| Financial charges | 65/66B | €376 | €1,033 | +€656 | +174% |
| Recurring financial charges | 65 | €376 | €1,033 | +€656 | +174% |
| Profit (loss) for the period before taxes | 9903 | €92,995 | €45,825 | -€47,170 | -50.7% |
| Income taxes | 67/77 | €19,579 | €10,521 | -€9,058 | -46.3% |
| Profit (loss) for the period | 9904 | €73,417 | €35,304 | -€38,112 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,417 | €35,304 | -€38,112 | -51.9% |
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 29 October 2026 via checked.be.