Studio T: what changed
Studio T
Largest movements
- Cash +€41,870
up €41,870 (+151%), from €27,725 to €69,595
mainly Net result for the year (+€20,510) and Depreciation (+€16,221)
- Tangible fixed assets -€11,878
down €11,878 (-20.0%), from €59,414 to €47,535
of which Furniture and vehicles: -€9,778
- Receivables within one year -€10,448
down €10,448 (-92.1%), from €11,341 to €893
of which Trade receivables: -€10,448
- Reserves +€11,156
up €11,156 (+19.2%), from €58,115 to €69,271
- Other debts +€5,795
up €5,795 (+125%), from €4,650 to €10,445
- Tax, wage and social debts +€3,263
up €3,263 (+67.0%), from €4,873 to €8,136
of which Taxes: +€3,268
- Gross operating margin -€4,468
down €4,468 (-8.7%), from €51,574 to €47,106
- Depreciation +€2,808
up €2,808 (+20.9%), from €13,413 to €16,221
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,479 | €124,364 | +€19,885 | +19.0% |
| Fixed assets | 21/28 | €65,414 | €53,535 | -€11,878 | -18.2% |
| Tangible fixed assets | 22/27 | €59,414 | €47,535 | -€11,878 | -20.0% |
| Plant, machinery and equipment | 23 | €1,721 | €2,713 | +€993 | +57.7% |
| Furniture and vehicles | 24 | €42,526 | €32,749 | -€9,778 | -23.0% |
| Other tangible fixed assets | 26 | €15,167 | €12,073 | -€3,094 | -20.4% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €39,066 | €70,829 | +€31,764 | +81.3% |
| Amounts receivable within one year | 40/41 | €11,341 | €893 | -€10,448 | -92.1% |
| Trade receivables | 40 | €10,448 | - | -€10,448 | |
| Other amounts receivable | 41 | €893 | €893 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,725 | €69,595 | +€41,870 | +151% |
| Deferred charges and accrued income | 490/1 | - | €342 | +€342 | |
| Total equity and liabilities | 10/49 | €104,479 | €124,364 | +€19,885 | +19.0% |
| Equity | 10/15 | €94,624 | €105,779 | +€11,156 | +11.8% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €58,115 | €69,271 | +€11,156 | +19.2% |
| Distributable reserves | 133 | €58,115 | €69,271 | +€11,156 | +19.2% |
| Profit (loss) carried forward | 14 | €27,208 | €27,208 | = | 0.0% |
| Amounts payable | 17/49 | €9,856 | €18,585 | +€8,729 | +88.6% |
| Amounts payable within one year | 42/48 | €9,856 | €18,585 | +€8,729 | +88.6% |
| Trade debts | 44 | €332 | €4 | -€328 | -98.8% |
| Suppliers | 440/4 | €332 | €4 | -€328 | -98.8% |
| Taxes, remuneration and social security | 45 | €4,873 | €8,136 | +€3,263 | +67.0% |
| Taxes | 450/3 | €4,400 | €7,668 | +€3,268 | +74.3% |
| Remuneration and social security | 454/9 | €473 | €468 | -€5 | -1.1% |
| Other amounts payable | 47/48 | €4,650 | €10,445 | +€5,795 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,413 | €16,221 | +€2,808 | +20.9% |
| Other operating charges | 640/8 | €156 | €128 | -€28 | -17.9% |
| Gross operating margin | 9900 | €51,574 | €47,106 | -€4,468 | -8.7% |
| Operating profit (loss) | 9901 | €38,005 | €30,757 | -€7,248 | -19.1% |
| Financial charges | 65/66B | €39 | €45 | +€6 | +16.2% |
| Recurring financial charges | 65 | €39 | €45 | +€6 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €37,966 | €30,711 | -€7,254 | -19.1% |
| Income taxes | 67/77 | €9,957 | €10,202 | +€244 | +2.5% |
| Profit (loss) for the period | 9904 | €28,008 | €20,510 | -€7,499 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,008 | €20,510 | -€7,499 | -26.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.