STUDIO SPIRIDON: 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 SPIRIDON
Largest movements
- Stocks and contracts +€82,968
up €82,968 (+20.2%), from €409,824 to €492,791
- Receivables within one year -€68,738
down €68,738 (-47.2%), from €145,707 to €76,969
of which Trade receivables: -€101,767
- Cash +€19,469
up €19,469 (+85.4%), from €22,795 to €42,265
mainly Receivables within one year (+€68,738) and Trade debts (+€61,432)
- Tangible fixed assets -€12,187
down €12,187 (-14.9%), from €81,958 to €69,771
of which Furniture and vehicles: -€7,604
- Trade debts +€61,432
up €61,432 (+87.0%), from €70,598 to €132,030
- Tax, wage and social debts -€31,737
down €31,737 (-58.7%), from €54,091 to €22,354
of which Taxes: -€31,805
- Other debts -€16,713
down €16,713 (-56.7%), from €29,496 to €12,782
- Profit (loss) carried forward +€16,340
up €16,340 (+4.0%), from €412,430 to €428,770
- Debts after one year -€13,941
down €13,941 (-29.5%), from €47,314 to €33,373
- Gross operating margin -€133,989
down €133,989 (-61.9%), from €216,624 to €82,635
- Taxes -€25,404
down €25,404 (-79.6%), from €31,915 to €6,510
- Other operating charges -€6,177
down €6,177 (-83.6%), from €7,391 to €1,214
- Staff costs -€5,490
down €5,490 (-13.9%), from €39,417 to €33,927
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €664,283 | €686,061 | +€21,778 | +3.3% |
| Fixed assets | 21/28 | €85,558 | €73,371 | -€12,187 | -14.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €81,958 | €69,771 | -€12,187 | -14.9% |
| Land and buildings | 22 | €62,231 | €58,901 | -€3,330 | -5.4% |
| Plant, machinery and equipment | 23 | €2,338 | €1,085 | -€1,253 | -53.6% |
| Furniture and vehicles | 24 | €17,388 | €9,784 | -€7,604 | -43.7% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €578,725 | €612,690 | +€33,965 | +5.9% |
| Stocks and contracts in progress | 3 | €409,824 | €492,791 | +€82,968 | +20.2% |
| Stocks | 30/36 | €409,824 | €492,791 | +€82,968 | +20.2% |
| Amounts receivable within one year | 40/41 | €145,707 | €76,969 | -€68,738 | -47.2% |
| Trade receivables | 40 | €125,549 | €23,782 | -€101,767 | -81.1% |
| Other amounts receivable | 41 | €20,157 | €53,187 | +€33,030 | +163.9% |
| Cash at bank and in hand | 54/58 | €22,795 | €42,265 | +€19,469 | +85.4% |
| Deferred charges and accrued income | 490/1 | €399 | €665 | +€266 | +66.6% |
| Total equity and liabilities | 10/49 | €664,283 | €686,061 | +€21,778 | +3.3% |
| Equity | 10/15 | €432,727 | €449,067 | +€16,340 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,697 | €1,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,697 | €1,697 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,697 | €1,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412,430 | €428,770 | +€16,340 | +4.0% |
| Amounts payable | 17/49 | €231,555 | €236,994 | +€5,438 | +2.3% |
| Amounts payable after more than one year | 17 | €47,314 | €33,373 | -€13,941 | -29.5% |
| Financial debts | 170/4 | €47,314 | €33,373 | -€13,941 | -29.5% |
| Amounts payable within one year | 42/48 | €182,005 | €201,385 | +€19,379 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €24,538 | €30,456 | +€5,918 | +24.1% |
| Trade debts | 44 | €70,598 | €132,030 | +€61,432 | +87.0% |
| Suppliers | 440/4 | €70,598 | €132,030 | +€61,432 | +87.0% |
| Advances received on contracts in progress | 46 | €3,283 | €3,762 | +€479 | +14.6% |
| Taxes, remuneration and social security | 45 | €54,091 | €22,354 | -€31,737 | -58.7% |
| Taxes | 450/3 | €45,985 | €14,180 | -€31,805 | -69.2% |
| Remuneration and social security | 454/9 | €8,106 | €8,175 | +€69 | +0.8% |
| Other amounts payable | 47/48 | €29,496 | €12,782 | -€16,713 | -56.7% |
| Accrued charges and deferred income | 492/3 | €2,236 | €2,236 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,417 | €33,927 | -€5,490 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,763 | €20,198 | +€1,435 | +7.6% |
| Other operating charges | 640/8 | €7,391 | €1,214 | -€6,177 | -83.6% |
| Non-recurring operating charges | 66A | - | €2,067 | +€2,067 | |
| Gross operating margin | 9900 | €216,624 | €82,635 | -€133,989 | -61.9% |
| Operating profit (loss) | 9901 | €151,054 | €25,230 | -€125,824 | -83.3% |
| Financial income | 75/76B | €1,098 | €1,039 | -€60 | -5.4% |
| Recurring financial income | 75 | €1,098 | €1,039 | -€60 | -5.4% |
| Financial charges | 65/66B | €4,015 | €3,418 | -€597 | -14.9% |
| Recurring financial charges | 65 | €4,015 | €3,418 | -€597 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €148,137 | €22,850 | -€125,286 | -84.6% |
| Income taxes | 67/77 | €31,915 | €6,510 | -€25,404 | -79.6% |
| Profit (loss) for the period | 9904 | €116,222 | €16,340 | -€99,882 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,222 | €16,340 | -€99,882 | -85.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.