Studio Sunshine: 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 Sunshine
Largest movements
- Receivables within one year -€29,675
down €29,675 (-63.8%), from €46,497 to €16,822
of which Trade receivables: -€29,675
- Receivables after one year -€3,423
down €3,423 (-18.3%), from €18,741 to €15,318
- Cash +€1,362
up €1,362 (+3.6%), from €37,486 to €38,848
mainly Receivables within one year (+€29,675) and Receivables after one year (+€3,423)
- Profit (loss) carried forward -€14,093
down €14,093 (-18.1%), from €77,723 to €63,631
- Other debts -€12,295
down €12,295 (-96.9%), from €12,686 to €391
- Tax, wage and social debts -€5,533
down €5,533 (-74.9%), from €7,391 to €1,859
- Gross operating margin -€40,732
down €40,732, from €26,952 to -€13,780
- Taxes -€6,017
down €6,017 (-98.7%), from €6,098 to €81
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 | €104,850 | €72,741 | -€32,109 | -30.6% |
| Fixed assets | 21/28 | €1,371 | €997 | -€374 | -27.3% |
| Tangible fixed assets | 22/27 | €1,211 | €837 | -€374 | -30.9% |
| Furniture and vehicles | 24 | €1,211 | €837 | -€374 | -30.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €103,479 | €71,744 | -€31,735 | -30.7% |
| Amounts receivable after more than one year | 29 | €18,741 | €15,318 | -€3,423 | -18.3% |
| Trade receivables | 290 | €18,741 | €15,318 | -€3,423 | -18.3% |
| Amounts receivable within one year | 40/41 | €46,497 | €16,822 | -€29,675 | -63.8% |
| Trade receivables | 40 | €44,595 | €14,920 | -€29,675 | -66.5% |
| Other amounts receivable | 41 | €1,902 | €1,902 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,486 | €38,848 | +€1,362 | +3.6% |
| Deferred charges and accrued income | 490/1 | €756 | €756 | = | 0.0% |
| Total equity and liabilities | 10/49 | €104,850 | €72,741 | -€32,109 | -30.6% |
| Equity | 10/15 | €82,223 | €68,131 | -€14,093 | -17.1% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Outside capital | 11 | €4,500 | €4,500 | = | 0.0% |
| Other | 1109/19 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,723 | €63,631 | -€14,093 | -18.1% |
| Amounts payable | 17/49 | €22,627 | €4,610 | -€18,017 | -79.6% |
| Amounts payable within one year | 42/48 | €22,627 | €4,610 | -€18,017 | -79.6% |
| Trade debts | 44 | €2,549 | €2,360 | -€189 | -7.4% |
| Suppliers | 440/4 | €2,549 | €2,360 | -€189 | -7.4% |
| Taxes, remuneration and social security | 45 | €7,391 | €1,859 | -€5,533 | -74.9% |
| Taxes | 450/3 | €7,391 | €1,859 | -€5,533 | -74.9% |
| Other amounts payable | 47/48 | €12,686 | €391 | -€12,295 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €374 | -€70 | -15.8% |
| Other operating charges | 640/8 | €684 | €767 | +€84 | +12.2% |
| Non-recurring operating charges | 66A | - | €698 | +€698 | |
| Gross operating margin | 9900 | €26,952 | -€13,780 | -€40,732 | |
| Operating profit (loss) | 9901 | €25,824 | -€15,619 | -€41,443 | |
| Financial income | 75/76B | €1,853 | €1,607 | -€246 | -13.3% |
| Recurring financial income | 75 | €1,853 | €1,607 | -€246 | -13.3% |
| Financial charges | 65/66B | €29 | - | -€29 | |
| Recurring financial charges | 65 | €29 | - | -€29 | |
| Profit (loss) for the period before taxes | 9903 | €27,648 | -€14,011 | -€41,660 | |
| Income taxes | 67/77 | €6,098 | €81 | -€6,017 | -98.7% |
| Profit (loss) for the period | 9904 | €21,550 | -€14,093 | -€35,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,550 | -€14,093 | -€35,643 |
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 6 October 2026 via checked.be.