STUDIO SPEELVOGEL: 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 SPEELVOGEL
Largest movements
- Cash +€18,168
up €18,168 (+10.7%), from €170,271 to €188,439
mainly Other debts (+€152,398) and Net result for the year (+€43,249)
- Tangible fixed assets +€11,362
new in 2025: €11,362
- Other debts +€152,398
up €152,398 (+447%), from €34,100 to €186,498
- Reserves -€104,086
down €104,086 (-100%), from €104,086 to €0
- Accrued charges and deferred income -€13,494
down €13,494 (-87.3%), from €15,454 to €1,960
- Tax, wage and social debts -€10,677
down €10,677 (-46.1%), from €23,178 to €12,500
of which Taxes: -€7,127
- Profit (loss) carried forward +€7,335
up €7,335, from €0 to €7,335
- Depreciation +€3,270
up €3,270, from €0 to €3,270
- Gross operating margin +€2,183
up €2,183 (+3.8%), from €57,547 to €59,729
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 | €180,318 | €211,880 | +€31,561 | +17.5% |
| Fixed assets | 21/28 | - | €11,362 | +€11,362 | |
| Tangible fixed assets | 22/27 | - | €11,362 | +€11,362 | |
| Furniture and vehicles | 24 | - | €11,362 | +€11,362 | |
| Current assets | 29/58 | €180,318 | €200,518 | +€20,200 | +11.2% |
| Amounts receivable within one year | 40/41 | €9,406 | €11,209 | +€1,803 | +19.2% |
| Trade receivables | 40 | €9,406 | €11,209 | +€1,803 | +19.2% |
| Cash at bank and in hand | 54/58 | €170,271 | €188,439 | +€18,168 | +10.7% |
| Deferred charges and accrued income | 490/1 | €641 | €870 | +€228 | +35.6% |
| Total equity and liabilities | 10/49 | €180,318 | €211,880 | +€31,561 | +17.5% |
| Equity | 10/15 | €107,586 | €10,835 | -€96,751 | -89.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €104,086 | €0 | -€104,086 | -100% |
| Distributable reserves | 133 | €104,086 | €0 | -€104,086 | -100% |
| Profit (loss) carried forward | 14 | €0 | €7,335 | +€7,335 | |
| Amounts payable | 17/49 | €72,732 | €201,044 | +€128,312 | +176% |
| Amounts payable within one year | 42/48 | €57,278 | €199,084 | +€141,806 | +248% |
| Trade debts | 44 | - | €86 | +€86 | |
| Suppliers | 440/4 | - | €86 | +€86 | |
| Taxes, remuneration and social security | 45 | €23,178 | €12,500 | -€10,677 | -46.1% |
| Taxes | 450/3 | €19,627 | €12,500 | -€7,127 | -36.3% |
| Remuneration and social security | 454/9 | €3,551 | €0 | -€3,551 | -100% |
| Other amounts payable | 47/48 | €34,100 | €186,498 | +€152,398 | +447% |
| Accrued charges and deferred income | 492/3 | €15,454 | €1,960 | -€13,494 | -87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €3,270 | +€3,270 | |
| Other operating charges | 640/8 | €562 | €1,141 | +€579 | +103% |
| Gross operating margin | 9900 | €57,547 | €59,729 | +€2,183 | +3.8% |
| Operating profit (loss) | 9901 | €56,985 | €55,319 | -€1,666 | -2.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €210 | €70 | -€139 | -66.4% |
| Recurring financial charges | 65 | €210 | €70 | -€139 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €56,776 | €55,248 | -€1,528 | -2.7% |
| Income taxes | 67/77 | €11,926 | €11,999 | +€73 | +0.6% |
| Profit (loss) for the period | 9904 | €44,850 | €43,249 | -€1,600 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,850 | €43,249 | -€1,600 | -3.6% |
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 29 October 2026 via checked.be.