STUDIO SKAPANDI: 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 SKAPANDI
Largest movements
- Receivables within one year +€4,865
up €4,865 (+46.4%), from €10,492 to €15,357
of which Trade receivables: +€4,466
- Tangible fixed assets +€4,023
new in 2025: €4,023
- Cash +€1,334
up €1,334 (+8.1%), from €16,472 to €17,807
mainly Net result for the year (+€11,241) and Other debts (+€1,036)
- Profit (loss) carried forward +€10,408
new in 2025: €10,408
- Trade debts -€1,721
no longer reported in 2025 (was €1,721)
- Other debts +€1,036
up €1,036 (+379%), from €273 to €1,309
- Accrued charges and deferred income +€396
new in 2025: €396
- Gross operating margin -€8,171
down €8,171 (-31.8%), from €25,716 to €17,545
- Taxes -€1,217
down €1,217 (-25.8%), from €4,717 to €3,500
- Staff costs -€982
down €982 (-28.7%), from €3,419 to €2,437
- Depreciation +€499
new in 2025: €499
- Financial income +€472
new in 2025: €472
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 | €26,964 | €37,186 | +€10,222 | +37.9% |
| Fixed assets | 21/28 | - | €4,023 | +€4,023 | |
| Tangible fixed assets | 22/27 | - | €4,023 | +€4,023 | |
| Plant, machinery and equipment | 23 | - | €4,023 | +€4,023 | |
| Current assets | 29/58 | €26,964 | €33,163 | +€6,199 | +23.0% |
| Amounts receivable within one year | 40/41 | €10,492 | €15,357 | +€4,865 | +46.4% |
| Trade receivables | 40 | €10,492 | €14,957 | +€4,466 | +42.6% |
| Other amounts receivable | 41 | - | €399 | +€399 | |
| Cash at bank and in hand | 54/58 | €16,472 | €17,807 | +€1,334 | +8.1% |
| Total equity and liabilities | 10/49 | €26,964 | €37,186 | +€10,222 | +37.9% |
| Equity | 10/15 | €18,644 | €29,052 | +€10,408 | +55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,644 | €15,644 | = | 0.0% |
| Distributable reserves | 133 | €15,644 | €15,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,408 | +€10,408 | |
| Amounts payable | 17/49 | €8,320 | €8,134 | -€186 | -2.2% |
| Amounts payable within one year | 42/48 | €8,320 | €7,738 | -€582 | -7.0% |
| Trade debts | 44 | €1,721 | - | -€1,721 | |
| Suppliers | 440/4 | €1,721 | - | -€1,721 | |
| Taxes, remuneration and social security | 45 | €6,326 | €6,430 | +€103 | +1.6% |
| Taxes | 450/3 | €5,420 | €6,430 | +€1,010 | +18.6% |
| Remuneration and social security | 454/9 | €906 | - | -€906 | |
| Other amounts payable | 47/48 | €273 | €1,309 | +€1,036 | +379% |
| Accrued charges and deferred income | 492/3 | - | €396 | +€396 | |
| Remuneration, social security and pensions | 62 | €3,419 | €2,437 | -€982 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €499 | +€499 | |
| Other operating charges | 640/8 | €118 | €220 | +€102 | +86.4% |
| Gross operating margin | 9900 | €25,716 | €17,545 | -€8,171 | -31.8% |
| Operating profit (loss) | 9901 | €22,179 | €14,389 | -€7,790 | -35.1% |
| Financial income | 75/76B | - | €472 | +€472 | |
| Recurring financial income | 75 | - | €472 | +€472 | |
| Financial charges | 65/66B | €114 | €121 | +€8 | +6.8% |
| Recurring financial charges | 65 | €114 | €121 | +€8 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €22,066 | €14,740 | -€7,325 | -33.2% |
| Income taxes | 67/77 | €4,717 | €3,500 | -€1,217 | -25.8% |
| Profit (loss) for the period | 9904 | €17,349 | €11,241 | -€6,108 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,349 | €11,241 | -€6,108 | -35.2% |
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 15 October 2026 via checked.be.