STUDIO STONE: 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 STONE
Largest movements
- Receivables after one year +€50,862
up €50,862 (+360%), from €14,142 to €65,004
of which Trade receivables: +€51,108
- Cash +€39,668
up €39,668 (+179%), from €22,127 to €61,795
mainly Depreciation (+€45,449) and Other debts (+€37,628)
- Tangible fixed assets -€38,647
down €38,647 (-4.2%), from €922,237 to €883,590
of which Land and buildings: -€32,614
- Current investments -€34,099
down €34,099 (-97.4%), from €35,000 to €901
- Current portion of long-term debt -€73,621
no longer reported in 2025 (was €73,621)
- Other debts +€37,628
up €37,628 (+44.4%), from €84,720 to €122,348
- Profit (loss) carried forward +€36,244
up €36,244 (+40.7%), from €89,040 to €125,284
- Gross operating margin +€28,038
up €28,038 (+19.4%), from €144,818 to €172,856
- Staff costs +€5,074
up €5,074 (+8.9%), from €56,922 to €61,996
- Taxes +€4,882
new in 2025: €4,882
- Financial charges +€2,030
up €2,030 (+9.4%), from €21,603 to €23,633
- Other operating charges -€1,732
down €1,732 (-41.0%), from €4,228 to €2,496
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 | €1,102,364 | €1,118,767 | +€16,403 | +1.5% |
| Fixed assets | 21/28 | €1,030,214 | €991,067 | -€39,147 | -3.8% |
| Intangible fixed assets | 21 | €1,000 | €500 | -€500 | -50.0% |
| Tangible fixed assets | 22/27 | €922,237 | €883,590 | -€38,647 | -4.2% |
| Land and buildings | 22 | €911,123 | €878,509 | -€32,614 | -3.6% |
| Plant, machinery and equipment | 23 | €4,701 | €4,864 | +€163 | +3.5% |
| Furniture and vehicles | 24 | €6,413 | €217 | -€6,196 | -96.6% |
| Financial fixed assets | 28 | €106,977 | €106,977 | = | 0.0% |
| Current assets | 29/58 | €72,150 | €127,700 | +€55,550 | +77.0% |
| Amounts receivable after more than one year | 29 | €14,142 | €65,004 | +€50,862 | +360% |
| Trade receivables | 290 | €13,830 | €64,938 | +€51,108 | +370% |
| Other amounts receivable | 291 | €312 | €66 | -€246 | -78.8% |
| Current investments | 50/53 | €35,000 | €901 | -€34,099 | -97.4% |
| Cash at bank and in hand | 54/58 | €22,127 | €61,795 | +€39,668 | +179% |
| Deferred charges and accrued income | 490/1 | €881 | - | -€881 | |
| Total equity and liabilities | 10/49 | €1,102,364 | €1,118,767 | +€16,403 | +1.5% |
| Equity | 10/15 | €251,806 | €288,050 | +€36,244 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,566 | €156,566 | = | 0.0% |
| Distributable reserves | 133 | €156,566 | €156,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,040 | €125,284 | +€36,244 | +40.7% |
| Amounts payable | 17/49 | €850,558 | €830,717 | -€19,841 | -2.3% |
| Amounts payable after more than one year | 17 | €656,521 | €660,305 | +€3,784 | +0.6% |
| Financial debts | 170/4 | €656,521 | €660,305 | +€3,784 | +0.6% |
| Amounts payable within one year | 42/48 | €193,912 | €170,412 | -€23,500 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €73,621 | - | -€73,621 | |
| Trade debts | 44 | €14,266 | €21,652 | +€7,386 | +51.8% |
| Suppliers | 440/4 | €14,266 | €21,652 | +€7,386 | +51.8% |
| Taxes, remuneration and social security | 45 | €21,305 | €26,412 | +€5,107 | +24.0% |
| Taxes | 450/3 | €13,958 | €17,259 | +€3,301 | +23.6% |
| Remuneration and social security | 454/9 | €7,347 | €9,153 | +€1,806 | +24.6% |
| Other amounts payable | 47/48 | €84,720 | €122,348 | +€37,628 | +44.4% |
| Accrued charges and deferred income | 492/3 | €125 | - | -€125 | |
| Remuneration, social security and pensions | 62 | €56,922 | €61,996 | +€5,074 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,526 | €45,449 | -€77 | -0.2% |
| Other operating charges | 640/8 | €4,228 | €2,496 | -€1,732 | -41.0% |
| Gross operating margin | 9900 | €144,818 | €172,856 | +€28,038 | +19.4% |
| Operating profit (loss) | 9901 | €38,142 | €62,915 | +€24,773 | +64.9% |
| Financial income | 75/76B | €999 | €1,843 | +€844 | +84.5% |
| Recurring financial income | 75 | €999 | €1,843 | +€844 | +84.5% |
| Financial charges | 65/66B | €21,603 | €23,633 | +€2,030 | +9.4% |
| Recurring financial charges | 65 | €21,603 | €23,633 | +€2,030 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €17,538 | €41,125 | +€23,587 | +134% |
| Transfer to deferred taxes | 680 | €7,206 | - | -€7,206 | |
| Income taxes | 67/77 | - | €4,882 | +€4,882 | |
| Profit (loss) for the period | 9904 | €10,332 | €36,243 | +€25,911 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €10,332 | €36,243 | +€25,911 | +251% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.