STUDIO TELECOM: 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.
What changed
STUDIO TELECOM
NACE 47.400, Retail sale of information and communication equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€394,787
2024 · €193,094+€201,693
Equity
€1.2m
2024 · €1.1m+€94,787
Cash
€770,358
2024 · €1.3m-€524,910
Balance sheet total
€6.5m
2024 · €7.1m-€531,324
Largest movements
Assets
- Cash -€524,910
down €524,910 (-40.5%), from €1.3m to €770,358
mainly Trade debts (-€421,827) and Contributions, distributions and other (-€300,000)
- Receivables within one year +€225,186
up €225,186 (+5.2%), from €4.3m to €4.5m
of which Other amounts receivable: +€167,967
- Stocks and contracts -€124,823
down €124,823 (-13.8%), from €903,087 to €778,264
- Tangible fixed assets -€81,370
down €81,370 (-19.5%), from €416,279 to €334,909
Equity and liabilities
- Trade debts -€421,827
down €421,827 (-14.2%), from €3.0m to €2.6m
of which Suppliers: -€493,504
- Current portion of long-term debt -€244,995
down €244,995 (-63.2%), from €387,774 to €142,779
- Short-term financial debts +€225,683
up €225,683 (+17.5%), from €1.3m to €1.5m
- Tax, wage and social debts -€202,153
down €202,153 (-33.1%), from €610,131 to €407,978
of which Remuneration and social security: -€107,480
- Other debts +€200,000
up €200,000 (+196.3%), from €101,900 to €301,900
Income statement
- Goods and materials -€389,631
down €389,631 (-3.4%), from €11.6m to €11.2m
of which Purchases: -€608,164
- Services and other goods +€312,936
up €312,936 (+9.7%), from €3.2m to €3.5m
- Turnover +€182,348
up €182,348 (+1.0%), from €17.4m to €17.6m
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.
Result 2024
€193,094
Turnover
+€182,348
Other operating income
-€138,050
Goods and materials
+€389,631
Services and other goods
-€312,936
Staff costs
+€73,888
Depreciation
+€30,705
Write-downs
-€12,803
Other operating charges
+€47,509
Other operating items
+€15,707
Financial income
-€1,538
Financial charges
+€12,374
Taxes
-€85,144
Result 2025
€394,787
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.
From operations
+€42,011
Investment
-€114,726
Financing
-€452,195
Cash 2024
€1.3m
From operations (derived)
+€42,011
Net result for the year
+€394,787
Depreciation
+€196,548
Stocks and contracts
+€124,823
Receivables within one year
-€225,186
Deferred charges and accrued income
+€24,954
Trade debts
-€421,827
Tax, wage and social debts
-€202,153
Other debts
+€200,000
Accrued charges and deferred income
-€49,936
Investment (derived)
-€114,726
Investment in fixed assets (net)
-€114,726
Financing
-€452,195
Debts after one year
-€132,882
Current portion of long-term debt
-€244,995
Short-term financial debts
+€225,683
Contributions, distributions and other
-€300,000
Cash 2025
€770,358
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,080,327 | €6,549,003 | -€531,324 | -7.5% |
| Fixed assets | 21/28 | €424,802 | €342,980 | -€81,822 | -19.3% |
| Intangible fixed assets | 21 | €452 | - | -€452 | |
| Tangible fixed assets | 22/27 | €416,279 | €334,909 | -€81,370 | -19.5% |
| Land and buildings | 22 | €416,279 | €334,909 | -€81,370 | -19.5% |
| Financial fixed assets | 28 | €8,071 | €8,071 | = | 0.0% |
| Affiliated companies | 280/1 | - | €0 | = | |
| Companies linked by participating interests | 282/3 | €0 | €0 | = | |
| Other financial fixed assets | 284/8 | €8,071 | €8,071 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,071 | €8,071 | = | 0.0% |
| Current assets | 29/58 | €6,655,525 | €6,206,023 | -€449,502 | -6.8% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €903,087 | €778,264 | -€124,823 | -13.8% |
| Stocks | 30/36 | €903,087 | €778,264 | -€124,823 | -13.8% |
| Goods purchased for resale | 34 | €903,087 | €778,264 | -€124,823 | -13.8% |
| Amounts receivable within one year | 40/41 | €4,297,351 | €4,522,536 | +€225,186 | +5.2% |
| Trade receivables | 40 | €1,417,641 | €1,474,859 | +€57,219 | +4.0% |
| Other amounts receivable | 41 | €2,879,710 | €3,047,677 | +€167,967 | +5.8% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,295,269 | €770,358 | -€524,910 | -40.5% |
| Deferred charges and accrued income | 490/1 | €159,819 | €134,864 | -€24,954 | -15.6% |
| Total equity and liabilities | 10/49 | €7,080,327 | €6,549,003 | -€531,324 | -7.5% |
| Equity | 10/15 | €1,138,757 | €1,233,544 | +€94,787 | +8.3% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,757 | €353,544 | +€94,787 | +36.6% |
| Amounts payable | 17/49 | €5,941,570 | €5,315,459 | -€626,111 | -10.5% |
| Amounts payable after more than one year | 17 | €516,637 | €383,754 | -€132,882 | -25.7% |
| Financial debts | 170/4 | €516,637 | €383,754 | -€132,882 | -25.7% |
| Leasing and similar obligations | 172 | - | €87,078 | +€87,078 | |
| Credit institutions | 173 | €516,637 | €296,676 | -€219,960 | -42.6% |
| Amounts payable within one year | 42/48 | €5,367,646 | €4,924,353 | -€443,293 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €387,774 | €142,779 | -€244,995 | -63.2% |
| Financial debts | 43 | €1,290,941 | €1,516,624 | +€225,683 | +17.5% |
| Credit institutions | 430/8 | €1,290,941 | €1,516,624 | +€225,683 | +17.5% |
| Trade debts | 44 | €2,976,900 | €2,555,073 | -€421,827 | -14.2% |
| Suppliers | 440/4 | €2,976,900 | €2,483,395 | -€493,504 | -16.6% |
| Bills of exchange payable | 441 | - | €71,677 | +€71,677 | |
| Taxes, remuneration and social security | 45 | €610,131 | €407,978 | -€202,153 | -33.1% |
| Taxes | 450/3 | €221,742 | €127,069 | -€94,673 | -42.7% |
| Remuneration and social security | 454/9 | €388,389 | €280,909 | -€107,480 | -27.7% |
| Other amounts payable | 47/48 | €101,900 | €301,900 | +€200,000 | +196.3% |
| Accrued charges and deferred income | 492/3 | €57,288 | €7,352 | -€49,936 | -87.2% |
| Operating income | 70/76A | €17,698,601 | €17,742,899 | +€44,299 | +0.3% |
| Turnover | 70 | €17,414,828 | €17,597,176 | +€182,348 | +1.0% |
| Other operating income | 74 | €283,773 | €145,723 | -€138,050 | -48.6% |
| Operating charges | 60/66A | €17,266,033 | €17,034,331 | -€231,702 | -1.3% |
| Goods for resale, raw materials and consumables | 60 | €11,587,585 | €11,197,954 | -€389,631 | -3.4% |
| Purchases | 600/8 | €11,681,295 | €11,073,131 | -€608,164 | -5.2% |
| Change in stocks: decrease (increase) | 609 | -€93,710 | €124,823 | +€218,533 | |
| Services and other goods | 61 | €3,210,033 | €3,522,969 | +€312,936 | +9.7% |
| Remuneration, social security and pensions | 62 | €2,128,584 | €2,054,695 | -€73,888 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,253 | €196,548 | -€30,705 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,803 | +€12,803 | |
| Other operating charges | 640/8 | €96,871 | €49,361 | -€47,509 | -49.0% |
| Non-recurring operating charges | 66A | €15,707 | - | -€15,707 | |
| Operating profit (loss) | 9901 | €432,568 | €708,568 | +€276,001 | +63.8% |
| Financial income | 75/76B | €2,034 | €495 | -€1,538 | -75.6% |
| Recurring financial income | 75 | €2,034 | €495 | -€1,538 | -75.6% |
| Other financial income | 752/9 | €2,034 | €495 | -€1,538 | -75.6% |
| Financial charges | 65/66B | €147,728 | €135,354 | -€12,374 | -8.4% |
| Recurring financial charges | 65 | €147,728 | €135,354 | -€12,374 | -8.4% |
| Debt charges | 650 | €10,219 | €8,656 | -€1,563 | -15.3% |
| Other financial charges | 652/9 | €137,509 | €126,698 | -€10,811 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €286,873 | €573,710 | +€286,837 | +100.0% |
| Income taxes | 67/77 | €93,778 | €178,923 | +€85,144 | +90.8% |
| Taxes | 670/3 | €153,223 | €178,923 | +€25,700 | +16.8% |
| Tax adjustments and reversals of tax provisions | 77 | €59,445 | - | -€59,445 | |
| Profit (loss) for the period | 9904 | €193,094 | €394,787 | +€201,693 | +104.5% |
| Profit (loss) for the period to be appropriated | 9905 | €193,094 | €394,787 | +€201,693 | +104.5% |
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 11 October 2026 via checked.be.