Studio Telz: 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 Telz
Largest movements
- Cash +€39,557
up €39,557 (+282%), from €14,015 to €53,572
mainly Net result for the year (+€39,698) and Tax, wage and social debts (+€5,429)
- Tangible fixed assets +€3,106
up €3,106 (+30.8%), from €10,091 to €13,197
of which Plant, machinery and equipment: +€3,646
- Profit (loss) carried forward +€39,698
up €39,698 (+207%), from €19,192 to €58,890
- Tax, wage and social debts +€5,429
up €5,429 (+44.9%), from €12,079 to €17,508
- Other debts -€3,826
down €3,826 (-23.7%), from €16,136 to €12,310
- Gross operating margin +€25,449
up €25,449 (+90.4%), from €28,145 to €53,594
- Taxes +€5,277
up €5,277 (+87.2%), from €6,053 to €11,330
- Depreciation +€1,129
up €1,129 (+150%), from €750 to €1,879
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.
Derived cash bridge
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 | €52,367 | €94,706 | +€42,340 | +80.9% |
| Fixed assets | 21/28 | €10,091 | €13,197 | +€3,106 | +30.8% |
| Tangible fixed assets | 22/27 | €10,091 | €13,197 | +€3,106 | +30.8% |
| Land and buildings | 22 | €5,360 | €4,820 | -€540 | -10.1% |
| Plant, machinery and equipment | 23 | €4,731 | €8,377 | +€3,646 | +77.1% |
| Current assets | 29/58 | €42,275 | €81,509 | +€39,234 | +92.8% |
| Stocks and contracts in progress | 3 | €2,443 | €1,842 | -€601 | -24.6% |
| Stocks | 30/36 | €2,443 | €1,842 | -€601 | -24.6% |
| Amounts receivable within one year | 40/41 | €6,225 | €6,742 | +€516 | +8.3% |
| Trade receivables | 40 | €6,225 | €6,742 | +€516 | +8.3% |
| Cash at bank and in hand | 54/58 | €14,015 | €53,572 | +€39,557 | +282% |
| Deferred charges and accrued income | 490/1 | €19,592 | €19,354 | -€238 | -1.2% |
| Total equity and liabilities | 10/49 | €52,367 | €94,706 | +€42,340 | +80.9% |
| Equity | 10/15 | €21,192 | €60,890 | +€39,698 | +187% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,192 | €58,890 | +€39,698 | +207% |
| Amounts payable | 17/49 | €31,175 | €33,817 | +€2,642 | +8.5% |
| Amounts payable within one year | 42/48 | €28,831 | €30,821 | +€1,990 | +6.9% |
| Trade debts | 44 | €616 | €1,003 | +€387 | +62.8% |
| Suppliers | 440/4 | €616 | €1,003 | +€387 | +62.8% |
| Taxes, remuneration and social security | 45 | €12,079 | €17,508 | +€5,429 | +44.9% |
| Taxes | 450/3 | €12,079 | €17,508 | +€5,429 | +44.9% |
| Other amounts payable | 47/48 | €16,136 | €12,310 | -€3,826 | -23.7% |
| Accrued charges and deferred income | 492/3 | €2,343 | €2,995 | +€652 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €1,879 | +€1,129 | +150% |
| Other operating charges | 640/8 | €387 | €577 | +€189 | +48.9% |
| Gross operating margin | 9900 | €28,145 | €53,594 | +€25,449 | +90.4% |
| Operating profit (loss) | 9901 | €27,007 | €51,138 | +€24,131 | +89.4% |
| Financial income | 75/76B | €77 | €59 | -€18 | -23.3% |
| Recurring financial income | 75 | €77 | €59 | -€18 | -23.3% |
| Financial charges | 65/66B | €174 | €170 | -€4 | -2.3% |
| Recurring financial charges | 65 | €174 | €170 | -€4 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €26,910 | €51,028 | +€24,117 | +89.6% |
| Income taxes | 67/77 | €6,053 | €11,330 | +€5,277 | +87.2% |
| Profit (loss) for the period | 9904 | €20,858 | €39,698 | +€18,840 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,858 | €39,698 | +€18,840 | +90.3% |
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 15 October 2026 via checked.be.