Studio Sier: 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 Sier
Largest movements
- Tangible fixed assets +€523,237
up €523,237 (+596%), from €87,760 to €610,997
of which Land and buildings: +€504,232
- Debts after one year +€568,746
up €568,746 (+569%), from €100,000 to €668,746
of which Financial debts: +€405,208
- Profit (loss) carried forward -€66,776
down €66,776 (-160%), from -€41,644 to -€108,419
- Current portion of long-term debt +€18,620
new in 2025: €18,620
- Other debts -€7,853
down €7,853 (-21.5%), from €36,578 to €28,725
- Depreciation +€70,017
up €70,017 (+588%), from €11,906 to €81,923
- Gross operating margin +€27,988
up €27,988 (+585%), from €4,783 to €32,771
- Financial charges +€15,399
up €15,399 (+8,554%), from €180 to €15,579
- Other operating charges +€1,639
up €1,639 (+369%), from €444 to €2,083
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 | €119,925 | €635,377 | +€515,451 | +430% |
| Fixed assets | 21/28 | €112,123 | €632,930 | +€520,807 | +464% |
| Intangible fixed assets | 21 | €24,363 | €21,863 | -€2,500 | -10.3% |
| Tangible fixed assets | 22/27 | €87,760 | €610,997 | +€523,237 | +596% |
| Land and buildings | 22 | - | €504,232 | +€504,232 | |
| Furniture and vehicles | 24 | €18,444 | €31,083 | +€12,639 | +68.5% |
| Other tangible fixed assets | 26 | €69,316 | €75,682 | +€6,366 | +9.2% |
| Financial fixed assets | 28 | - | €70 | +€70 | |
| Current assets | 29/58 | €7,803 | €2,447 | -€5,356 | -68.6% |
| Amounts receivable within one year | 40/41 | €3,521 | €988 | -€2,533 | -71.9% |
| Trade receivables | 40 | €3,521 | €988 | -€2,533 | -71.9% |
| Cash at bank and in hand | 54/58 | €4,140 | €1,269 | -€2,871 | -69.3% |
| Deferred charges and accrued income | 490/1 | €142 | €190 | +€48 | +34.0% |
| Total equity and liabilities | 10/49 | €119,925 | €635,377 | +€515,451 | +430% |
| Equity | 10/15 | -€21,644 | -€88,419 | -€66,776 | -309% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,644 | -€108,419 | -€66,776 | -160% |
| Amounts payable | 17/49 | €141,569 | €723,796 | +€582,227 | +411% |
| Amounts payable after more than one year | 17 | €100,000 | €668,746 | +€568,746 | +569% |
| Financial debts | 170/4 | - | €405,208 | +€405,208 | |
| Other amounts payable | 178/9 | €100,000 | €263,538 | +€163,538 | +164% |
| Amounts payable within one year | 42/48 | €39,569 | €52,975 | +€13,406 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | - | €18,620 | +€18,620 | |
| Trade debts | 44 | €711 | €4,383 | +€3,673 | +517% |
| Suppliers | 440/4 | €711 | €4,383 | +€3,673 | +517% |
| Taxes, remuneration and social security | 45 | €2,280 | €1,247 | -€1,034 | -45.3% |
| Taxes | 450/3 | €2,280 | €1,247 | -€1,034 | -45.3% |
| Other amounts payable | 47/48 | €36,578 | €28,725 | -€7,853 | -21.5% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,075 | +€75 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,906 | €81,923 | +€70,017 | +588% |
| Other operating charges | 640/8 | €444 | €2,083 | +€1,639 | +369% |
| Gross operating margin | 9900 | €4,783 | €32,771 | +€27,988 | +585% |
| Operating profit (loss) | 9901 | -€7,567 | -€51,235 | -€43,668 | -577% |
| Financial income | 75/76B | €5 | €38 | +€34 | +730% |
| Recurring financial income | 75 | €5 | €38 | +€34 | +730% |
| Financial charges | 65/66B | €180 | €15,579 | +€15,399 | +8,554% |
| Recurring financial charges | 65 | €180 | €15,579 | +€15,399 | +8,554% |
| Profit (loss) for the period before taxes | 9903 | -€7,742 | -€66,776 | -€59,034 | -762% |
| Profit (loss) for the period | 9904 | -€7,742 | -€66,776 | -€59,034 | -762% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,742 | -€66,776 | -€59,034 | -762% |
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 19 October 2026 via checked.be.