Studio Sunstone: 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 Sunstone
Largest movements
- Intangible fixed assets -€20,271
down €20,271 (-31.3%), from €64,763 to €44,492
- Cash -€18,511
down €18,511 (-69.9%), from €26,473 to €7,961
mainly Net result for the year (-€69,541) and Trade debts (-€7,964)
- Current investments -€13,419
down €13,419 (-10.9%), from €123,592 to €110,174
- Receivables within one year -€10,649
down €10,649 (-70.2%), from €15,168 to €4,519
of which Trade receivables: -€10,658
- Profit (loss) carried forward -€69,541
down €69,541 (-310.7%), from -€22,382 to -€91,923
- Other debts +€11,033
up €11,033 (+1042.7%), from €1,058 to €12,092
- Trade debts -€7,964
down €7,964 (-83.4%), from €9,549 to €1,585
- Tax, wage and social debts +€3,816
up €3,816 (+311.7%), from €1,224 to €5,041
of which Taxes: +€3,816
- Gross operating margin -€76,982
down €76,982, from €43,344 to -€33,638
- Financial charges +€16,870
up €16,870 (+12018.8%), from €140 to €17,010
- Taxes -€1,541
down €1,541, from €437 to -€1,104
- Financial income -€944
down €944 (-54.3%), from €1,737 to €793
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 | €229,996 | €167,146 | -€62,850 | -27.3% |
| Fixed assets | 21/28 | €64,763 | €44,492 | -€20,271 | -31.3% |
| Intangible fixed assets | 21 | €64,763 | €44,492 | -€20,271 | -31.3% |
| Current assets | 29/58 | €165,233 | €122,654 | -€42,579 | -25.8% |
| Amounts receivable within one year | 40/41 | €15,168 | €4,519 | -€10,649 | -70.2% |
| Trade receivables | 40 | €14,458 | €3,800 | -€10,658 | -73.7% |
| Other amounts receivable | 41 | €711 | €719 | +€8 | +1.2% |
| Current investments | 50/53 | €123,592 | €110,174 | -€13,419 | -10.9% |
| Cash at bank and in hand | 54/58 | €26,473 | €7,961 | -€18,511 | -69.9% |
| Total equity and liabilities | 10/49 | €229,996 | €167,146 | -€62,850 | -27.3% |
| Equity | 10/15 | €117,872 | €48,331 | -€69,541 | -59.0% |
| Contributions | 10/11 | €38,964 | €38,964 | = | 0.0% |
| Reserves | 13 | €101,290 | €101,290 | = | 0.0% |
| Distributable reserves | 133 | €101,290 | €101,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,382 | -€91,923 | -€69,541 | -310.7% |
| Amounts payable | 17/49 | €112,124 | €118,815 | +€6,691 | +6.0% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,124 | €18,815 | +€6,691 | +55.2% |
| Financial debts | 43 | €293 | €97 | -€195 | -66.7% |
| Other loans | 439 | €293 | €97 | -€195 | -66.7% |
| Trade debts | 44 | €9,549 | €1,585 | -€7,964 | -83.4% |
| Suppliers | 440/4 | €9,549 | €1,585 | -€7,964 | -83.4% |
| Taxes, remuneration and social security | 45 | €1,224 | €5,041 | +€3,816 | +311.7% |
| Taxes | 450/3 | €1,224 | €5,041 | +€3,816 | +311.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,058 | €12,092 | +€11,033 | +1042.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,271 | €20,271 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €43,344 | -€33,638 | -€76,982 | |
| Operating profit (loss) | 9901 | €22,568 | -€54,428 | -€76,996 | |
| Financial income | 75/76B | €1,737 | €793 | -€944 | -54.3% |
| Recurring financial income | 75 | €1,737 | €793 | -€944 | -54.3% |
| Financial charges | 65/66B | €140 | €17,010 | +€16,870 | +12018.8% |
| Recurring financial charges | 65 | €140 | €17,010 | +€16,870 | +12018.8% |
| Profit (loss) for the period before taxes | 9903 | €24,165 | -€70,645 | -€94,809 | |
| Income taxes | 67/77 | €437 | -€1,104 | -€1,541 | |
| Profit (loss) for the period | 9904 | €23,728 | -€69,541 | -€93,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,728 | -€69,541 | -€93,269 |
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 10 October 2026 via checked.be.