STUDIO TORNADO: 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 TORNADO
Largest movements
- Receivables within one year +€29,869
up €29,869 (+39.8%), from €75,050 to €104,918
of which Trade receivables: +€30,140
- Tangible fixed assets -€11,265
down €11,265 (-28.9%), from €39,001 to €27,736
- Profit (loss) carried forward +€33,237
up €33,237 (+95.9%), from -€34,665 to -€1,428
- Tax, wage and social debts -€20,840
down €20,840 (-50.0%), from €41,685 to €20,845
of which Taxes: -€18,635
- Current portion of long-term debt +€9,110
up €9,110 (+61.3%), from €14,853 to €23,963
- Debts after one year -€7,868
down €7,868 (-70.3%), from €11,197 to €3,329
- Trade debts +€4,297
up €4,297 (+13.4%), from €32,120 to €36,417
- Gross operating margin +€22,270
up €22,270 (+52.2%), from €42,668 to €64,938
- Taxes +€7,996
up €7,996 (+99.9%), from €8,001 to €15,996
- Financial charges -€6,597
down €6,597 (-69.5%), from €9,490 to €2,893
- Depreciation -€3,623
down €3,623 (-26.6%), from €13,595 to €9,972
- Staff costs -€3,417
no longer reported in 2025 (was €3,417)
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 | €115,311 | €134,397 | +€19,085 | +16.6% |
| Fixed assets | 21/28 | €39,182 | €27,917 | -€11,265 | -28.7% |
| Tangible fixed assets | 22/27 | €39,001 | €27,736 | -€11,265 | -28.9% |
| Land and buildings | 22 | €19,271 | €16,060 | -€3,211 | -16.7% |
| Plant, machinery and equipment | 23 | €9,588 | €6,257 | -€3,331 | -34.7% |
| Furniture and vehicles | 24 | €10,143 | €5,420 | -€4,723 | -46.6% |
| Financial fixed assets | 28 | €181 | €181 | = | 0.0% |
| Current assets | 29/58 | €76,129 | €106,479 | +€30,350 | +39.9% |
| Amounts receivable within one year | 40/41 | €75,050 | €104,918 | +€29,869 | +39.8% |
| Trade receivables | 40 | €47,425 | €77,565 | +€30,140 | +63.6% |
| Other amounts receivable | 41 | €27,625 | €27,353 | -€272 | -1.0% |
| Cash at bank and in hand | 54/58 | - | €506 | +€506 | |
| Deferred charges and accrued income | 490/1 | €1,080 | €1,055 | -€24 | -2.3% |
| Total equity and liabilities | 10/49 | €115,311 | €134,397 | +€19,085 | +16.6% |
| Equity | 10/15 | €7,654 | €39,772 | +€32,118 | +419.6% |
| Contributions | 10/11 | €41,200 | €41,200 | = | 0.0% |
| Reserves | 13 | €1,118 | - | -€1,118 | |
| Distributable reserves | 133 | €1,118 | - | -€1,118 | |
| Profit (loss) carried forward | 14 | -€34,665 | -€1,428 | +€33,237 | +95.9% |
| Amounts payable | 17/49 | €107,658 | €94,624 | -€13,033 | -12.1% |
| Amounts payable after more than one year | 17 | €11,197 | €3,329 | -€7,868 | -70.3% |
| Financial debts | 170/4 | €11,197 | €3,329 | -€7,868 | -70.3% |
| Amounts payable within one year | 42/48 | €96,460 | €91,295 | -€5,165 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €14,853 | €23,963 | +€9,110 | +61.3% |
| Financial debts | 43 | €7,802 | €10,069 | +€2,268 | +29.1% |
| Credit institutions | 430/8 | €7,802 | €10,069 | +€2,268 | +29.1% |
| Trade debts | 44 | €32,120 | €36,417 | +€4,297 | +13.4% |
| Suppliers | 440/4 | €32,120 | €36,417 | +€4,297 | +13.4% |
| Taxes, remuneration and social security | 45 | €41,685 | €20,845 | -€20,840 | -50.0% |
| Taxes | 450/3 | €36,530 | €17,895 | -€18,635 | -51.0% |
| Remuneration and social security | 454/9 | €5,155 | €2,950 | -€2,205 | -42.8% |
| Non-recurring operating income | 76A | - | €3,315 | +€3,315 | |
| Remuneration, social security and pensions | 62 | €3,417 | - | -€3,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,595 | €9,972 | -€3,623 | -26.6% |
| Other operating charges | 640/8 | €5,887 | €5,791 | -€96 | -1.6% |
| Gross operating margin | 9900 | €42,668 | €64,938 | +€22,270 | +52.2% |
| Operating profit (loss) | 9901 | €19,769 | €49,175 | +€29,406 | +148.7% |
| Financial income | 75/76B | €207 | €1,833 | +€1,626 | +786.8% |
| Recurring financial income | 75 | €207 | €1,833 | +€1,626 | +786.8% |
| Financial charges | 65/66B | €9,490 | €2,893 | -€6,597 | -69.5% |
| Recurring financial charges | 65 | €9,490 | €2,893 | -€6,597 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €10,486 | €48,115 | +€37,629 | +358.9% |
| Income taxes | 67/77 | €8,001 | €15,996 | +€7,996 | +99.9% |
| Profit (loss) for the period | 9904 | €2,485 | €32,118 | +€29,633 | +1192.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,485 | €32,118 | +€29,633 | +1192.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.