STUDIO SIERRA: 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 SIERRA
Largest movements
- Current investments +€110,000
up €110,000 (+62.7%), from €175,440 to €285,439
- Receivables within one year +€14,680
up €14,680 (+121%), from €12,085 to €26,765
- Tangible fixed assets -€5,762
down €5,762 (-39.4%), from €14,630 to €8,867
of which Plant, machinery and equipment: -€5,144
- Cash +€5,415
up €5,415 (+7.8%), from €69,312 to €74,727
mainly Net result for the year (+€97,428) and Tax, wage and social debts (+€19,357)
- Profit (loss) carried forward +€97,428
up €97,428 (+205%), from €47,616 to €145,045
- Tax, wage and social debts +€19,357
up €19,357 (+114%), from €16,951 to €36,308
- Other debts +€6,637
up €6,637 (+17.1%), from €38,790 to €45,427
- Gross operating margin +€60,638
up €60,638 (+86.5%), from €70,129 to €130,767
- Taxes +€15,332
up €15,332 (+118%), from €12,991 to €28,323
- Depreciation -€3,078
down €3,078 (-34.8%), from €8,840 to €5,762
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,717 | €397,044 | +€124,328 | +45.6% |
| Fixed assets | 21/28 | €14,630 | €8,867 | -€5,762 | -39.4% |
| Tangible fixed assets | 22/27 | €14,630 | €8,867 | -€5,762 | -39.4% |
| Plant, machinery and equipment | 23 | €13,096 | €7,952 | -€5,144 | -39.3% |
| Furniture and vehicles | 24 | €1,533 | €915 | -€618 | -40.3% |
| Current assets | 29/58 | €258,087 | €388,177 | +€130,090 | +50.4% |
| Amounts receivable within one year | 40/41 | €12,085 | €26,765 | +€14,680 | +121% |
| Trade receivables | 40 | €12,085 | €26,765 | +€14,680 | +121% |
| Current investments | 50/53 | €175,440 | €285,439 | +€110,000 | +62.7% |
| Cash at bank and in hand | 54/58 | €69,312 | €74,727 | +€5,415 | +7.8% |
| Deferred charges and accrued income | 490/1 | €1,250 | €1,246 | -€5 | -0.4% |
| Total equity and liabilities | 10/49 | €272,717 | €397,044 | +€124,328 | +45.6% |
| Equity | 10/15 | €216,216 | €313,645 | +€97,428 | +45.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €166,100 | €166,100 | = | 0.0% |
| Distributable reserves | 133 | €166,100 | €166,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,616 | €145,045 | +€97,428 | +205% |
| Amounts payable | 17/49 | €56,500 | €83,400 | +€26,900 | +47.6% |
| Amounts payable within one year | 42/48 | €56,500 | €83,400 | +€26,900 | +47.6% |
| Trade debts | 44 | €759 | €1,664 | +€905 | +119% |
| Suppliers | 440/4 | €759 | €1,664 | +€905 | +119% |
| Taxes, remuneration and social security | 45 | €16,951 | €36,308 | +€19,357 | +114% |
| Taxes | 450/3 | €16,951 | €36,308 | +€19,357 | +114% |
| Other amounts payable | 47/48 | €38,790 | €45,427 | +€6,637 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,840 | €5,762 | -€3,078 | -34.8% |
| Other operating charges | 640/8 | €64 | €465 | +€402 | +630% |
| Non-recurring operating charges | 66A | €715 | - | -€715 | |
| Gross operating margin | 9900 | €70,129 | €130,767 | +€60,638 | +86.5% |
| Operating profit (loss) | 9901 | €60,510 | €124,539 | +€64,029 | +106% |
| Financial income | 75/76B | €641 | €1,641 | +€1,000 | +156% |
| Recurring financial income | 75 | €641 | €1,641 | +€1,000 | +156% |
| Financial charges | 65/66B | €641 | €428 | -€213 | -33.2% |
| Recurring financial charges | 65 | €641 | €428 | -€213 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €60,510 | €125,751 | +€65,241 | +108% |
| Income taxes | 67/77 | €12,991 | €28,323 | +€15,332 | +118% |
| Profit (loss) for the period | 9904 | €47,519 | €97,428 | +€49,909 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €47,519 | €97,428 | +€49,909 | +105% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.