STUDIO SOLARE: what changed
Two fiscal 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 SOLARE
Largest movements
- Tangible fixed assets -€11,153
down €11,153 (-33.6%), from €33,184 to €22,030
of which Plant, machinery and equipment: -€11,071
- Cash -€1,846
down €1,846 (-31.6%), from €5,848 to €4,002
mainly Debts after one year (-€29,020) and Trade debts (-€279)
- Deferred charges and accrued income -€1,741
no longer reported in 2025 (was €1,741)
- Debts after one year -€29,020
down €29,020 (-19.6%), from €147,747 to €118,727
- Profit (loss) carried forward +€14,794
up €14,794 (+10.9%), from -€135,560 to -€120,766
- Gross operating margin -€10,205
down €10,205 (-26.5%), from €38,452 to €28,247
- Depreciation -€1,800
down €1,800 (-13.9%), from €12,953 to €11,153
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.
Cash bridge derived
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 | €41,889 | €27,420 | -€14,469 | -34.5% |
| Fixed assets | 21/28 | €33,184 | €22,030 | -€11,153 | -33.6% |
| Tangible fixed assets | 22/27 | €33,184 | €22,030 | -€11,153 | -33.6% |
| Plant, machinery and equipment | 23 | €33,091 | €22,021 | -€11,071 | -33.5% |
| Furniture and vehicles | 24 | €92 | €10 | -€82 | -89.5% |
| Current assets | 29/58 | €8,705 | €5,390 | -€3,316 | -38.1% |
| Stocks and contracts in progress | 3 | €1,117 | €1,264 | +€147 | +13.1% |
| Stocks | 30/36 | €1,117 | €1,264 | +€147 | +13.1% |
| Amounts receivable within one year | 40/41 | - | €124 | +€124 | |
| Trade receivables | 40 | - | €124 | +€124 | |
| Cash at bank and in hand | 54/58 | €5,848 | €4,002 | -€1,846 | -31.6% |
| Deferred charges and accrued income | 490/1 | €1,741 | - | -€1,741 | |
| Total equity and liabilities | 10/49 | €41,889 | €27,420 | -€14,469 | -34.5% |
| Equity | 10/15 | -€115,100 | -€100,306 | +€14,794 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,560 | -€120,766 | +€14,794 | +10.9% |
| Amounts payable | 17/49 | €156,989 | €127,726 | -€29,263 | -18.6% |
| Amounts payable after more than one year | 17 | €147,747 | €118,727 | -€29,020 | -19.6% |
| Financial debts | 170/4 | €147,747 | €118,727 | -€29,020 | -19.6% |
| Amounts payable within one year | 42/48 | €9,242 | €8,998 | -€243 | -2.6% |
| Trade debts | 44 | €1,849 | €1,570 | -€279 | -15.1% |
| Suppliers | 440/4 | €1,849 | €1,570 | -€279 | -15.1% |
| Taxes, remuneration and social security | 45 | €1,255 | €1,291 | +€35 | +2.8% |
| Taxes | 450/3 | €1,255 | €1,291 | +€35 | +2.8% |
| Other amounts payable | 47/48 | €6,137 | €6,137 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,953 | €11,153 | -€1,800 | -13.9% |
| Other operating charges | 640/8 | €1,098 | €1,237 | +€139 | +12.7% |
| Gross operating margin | 9900 | €38,452 | €28,247 | -€10,205 | -26.5% |
| Operating profit (loss) | 9901 | €24,401 | €15,857 | -€8,544 | -35.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,332 | €1,063 | -€269 | -20.2% |
| Recurring financial charges | 65 | €1,332 | €1,063 | -€269 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €23,070 | €14,794 | -€8,276 | -35.9% |
| Profit (loss) for the period | 9904 | €23,070 | €14,794 | -€8,276 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,070 | €14,794 | -€8,276 | -35.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.