STUDIO T: 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 T
Largest movements
- Tangible fixed assets -€4,077
down €4,077 (-18.9%), from €21,564 to €17,487
of which Plant, machinery and equipment: -€2,483
- Cash -€2,230
down €2,230 (-51.1%), from €4,365 to €2,135
mainly Trade debts (-€13,780) and Debts after one year (-€3,720)
- Stocks and contracts +€1,435
up €1,435 (+43.3%), from €3,314 to €4,749
- Other debts +€14,683
up €14,683 (+222.9%), from €6,587 to €21,270
- Trade debts -€13,780
down €13,780 (-81.8%), from €16,850 to €3,070
- Debts after one year -€3,720
down €3,720 (-13.8%), from €26,955 to €23,235
- Tax, wage and social debts -€2,011
down €2,011 (-73.5%), from €2,736 to €725
of which Taxes: -€2,080
- Purchases and services -€25,618
no longer reported in 2025 (was €25,618)
- Gross operating margin +€4,517
up €4,517 (+81.0%), from €5,576 to €10,093
- Staff costs +€4,222
up €4,222 (+304.1%), from €1,389 to €5,611
- Financial charges -€433
down €433 (-33.0%), from €1,313 to €880
- Financial income +€368
up €368 (+40406.6%), from €1 to €369
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 | €30,231 | €25,319 | -€4,912 | -16.2% |
| Fixed assets | 21/28 | €21,567 | €17,489 | -€4,077 | -18.9% |
| Tangible fixed assets | 22/27 | €21,564 | €17,487 | -€4,077 | -18.9% |
| Plant, machinery and equipment | 23 | €18,018 | €15,536 | -€2,483 | -13.8% |
| Furniture and vehicles | 24 | €3,546 | €1,951 | -€1,595 | -45.0% |
| Financial fixed assets | 28 | €3 | €3 | = | 0.0% |
| Current assets | 29/58 | €8,664 | €7,830 | -€834 | -9.6% |
| Stocks and contracts in progress | 3 | €3,314 | €4,749 | +€1,435 | +43.3% |
| Stocks | 30/36 | €3,314 | €4,749 | +€1,435 | +43.3% |
| Amounts receivable within one year | 40/41 | €933 | €893 | -€41 | -4.4% |
| Trade receivables | 40 | €933 | €893 | -€41 | -4.4% |
| Cash at bank and in hand | 54/58 | €4,365 | €2,135 | -€2,230 | -51.1% |
| Deferred charges and accrued income | 490/1 | €53 | €54 | +€1 | +2.4% |
| Total equity and liabilities | 10/49 | €30,231 | €25,319 | -€4,912 | -16.2% |
| Equity | 10/15 | -€26,528 | -€26,701 | -€173 | -0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,528 | -€31,701 | -€173 | -0.5% |
| Amounts payable | 17/49 | €56,759 | €52,020 | -€4,739 | -8.3% |
| Amounts payable after more than one year | 17 | €26,955 | €23,235 | -€3,720 | -13.8% |
| Financial debts | 170/4 | €26,955 | €23,235 | -€3,720 | -13.8% |
| Amounts payable within one year | 42/48 | €29,804 | €28,785 | -€1,019 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €3,631 | €3,720 | +€89 | +2.5% |
| Trade debts | 44 | €16,850 | €3,070 | -€13,780 | -81.8% |
| Suppliers | 440/4 | €16,850 | €3,070 | -€13,780 | -81.8% |
| Taxes, remuneration and social security | 45 | €2,736 | €725 | -€2,011 | -73.5% |
| Taxes | 450/3 | €2,667 | €587 | -€2,080 | -78.0% |
| Remuneration and social security | 454/9 | €69 | €138 | +€69 | +100.6% |
| Other amounts payable | 47/48 | €6,587 | €21,270 | +€14,683 | +222.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,618 | - | -€25,618 | |
| Remuneration, social security and pensions | 62 | €1,389 | €5,611 | +€4,222 | +304.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,933 | €4,077 | +€144 | +3.7% |
| Other operating charges | 640/8 | €166 | €66 | -€100 | -60.2% |
| Gross operating margin | 9900 | €5,576 | €10,093 | +€4,517 | +81.0% |
| Operating profit (loss) | 9901 | €88 | €339 | +€251 | +285.7% |
| Financial income | 75/76B | €1 | €369 | +€368 | +40406.6% |
| Recurring financial income | 75 | €1 | €369 | +€368 | +40406.6% |
| Financial charges | 65/66B | €1,313 | €880 | -€433 | -33.0% |
| Recurring financial charges | 65 | €1,313 | €880 | -€433 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,225 | -€173 | +€1,052 | +85.9% |
| Profit (loss) for the period | 9904 | -€1,225 | -€173 | +€1,052 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,225 | -€173 | +€1,052 | +85.9% |
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 5 October 2026 via checked.be.