Studio Shaped: 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 Shaped
Largest movements
- Tangible fixed assets -€16,352
down €16,352 (-26.3%), from €62,158 to €45,806
- Receivables within one year -€5,150
down €5,150 (-26.9%), from €19,110 to €13,960
of which Trade receivables: -€3,586
- Cash +€4,153
up €4,153 (+27.5%), from €15,092 to €19,245
mainly Depreciation (+€17,261) and Receivables within one year (+€5,150)
- Deferred charges and accrued income +€2,632
up €2,632 (+105%), from €2,511 to €5,144
- Debts after one year -€11,525
down €11,525 (-38.1%), from €30,243 to €18,718
- Tax, wage and social debts -€6,862
down €6,862 (-67.6%), from €10,144 to €3,282
- Reserves +€4,780
up €4,780 (+58.1%), from €8,225 to €13,005
- Short-term financial debts -€3,788
down €3,788 (-81.3%), from €4,657 to €869
- Other debts +€1,749
up €1,749 (+37.2%), from €4,702 to €6,452
- Gross operating margin +€2,245
up €2,245 (+9.3%), from €24,018 to €26,263
- Taxes +€1,639
up €1,639 (+267%), from €613 to €2,252
- Depreciation +€733
up €733 (+4.4%), from €16,529 to €17,261
- Other operating charges +€284
up €284 (+55.2%), from €514 to €797
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 | €98,871 | €84,155 | -€14,716 | -14.9% |
| Fixed assets | 21/28 | €62,158 | €45,806 | -€16,352 | -26.3% |
| Tangible fixed assets | 22/27 | €62,158 | €45,806 | -€16,352 | -26.3% |
| Furniture and vehicles | 24 | €62,158 | €45,806 | -€16,352 | -26.3% |
| Current assets | 29/58 | €36,713 | €38,349 | +€1,636 | +4.5% |
| Amounts receivable within one year | 40/41 | €19,110 | €13,960 | -€5,150 | -26.9% |
| Trade receivables | 40 | €17,267 | €13,680 | -€3,586 | -20.8% |
| Other amounts receivable | 41 | €1,843 | €280 | -€1,563 | -84.8% |
| Cash at bank and in hand | 54/58 | €15,092 | €19,245 | +€4,153 | +27.5% |
| Deferred charges and accrued income | 490/1 | €2,511 | €5,144 | +€2,632 | +105% |
| Total equity and liabilities | 10/49 | €98,871 | €84,155 | -€14,716 | -14.9% |
| Equity | 10/15 | €29,412 | €33,360 | +€3,948 | +13.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,225 | €13,005 | +€4,780 | +58.1% |
| Distributable reserves | 133 | €8,225 | €13,005 | +€4,780 | +58.1% |
| Profit (loss) carried forward | 14 | €8,787 | €7,955 | -€832 | -9.5% |
| Amounts payable | 17/49 | €69,459 | €50,795 | -€18,664 | -26.9% |
| Amounts payable after more than one year | 17 | €30,243 | €18,718 | -€11,525 | -38.1% |
| Financial debts | 170/4 | €30,243 | €18,718 | -€11,525 | -38.1% |
| Amounts payable within one year | 42/48 | €32,852 | €24,318 | -€8,534 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €11,300 | €11,525 | +€225 | +2.0% |
| Financial debts | 43 | €4,657 | €869 | -€3,788 | -81.3% |
| Credit institutions | 430/8 | €4,657 | €869 | -€3,788 | -81.3% |
| Trade debts | 44 | €2,049 | €2,190 | +€141 | +6.9% |
| Suppliers | 440/4 | €2,049 | €2,190 | +€141 | +6.9% |
| Taxes, remuneration and social security | 45 | €10,144 | €3,282 | -€6,862 | -67.6% |
| Taxes | 450/3 | €10,144 | €3,282 | -€6,862 | -67.6% |
| Other amounts payable | 47/48 | €4,702 | €6,452 | +€1,749 | +37.2% |
| Accrued charges and deferred income | 492/3 | €6,364 | €7,758 | +€1,394 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,529 | €17,261 | +€733 | +4.4% |
| Other operating charges | 640/8 | €514 | €797 | +€284 | +55.2% |
| Non-recurring operating charges | 66A | €1,551 | - | -€1,551 | |
| Gross operating margin | 9900 | €24,018 | €26,263 | +€2,245 | +9.3% |
| Operating profit (loss) | 9901 | €5,425 | €8,204 | +€2,780 | +51.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,120 | €1,171 | +€52 | +4.6% |
| Recurring financial charges | 65 | €1,120 | €1,171 | +€52 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €4,308 | €7,033 | +€2,725 | +63.2% |
| Income taxes | 67/77 | €613 | €2,252 | +€1,639 | +267% |
| Profit (loss) for the period | 9904 | €3,695 | €4,781 | +€1,086 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,695 | €4,781 | +€1,086 | +29.4% |
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.