Studio Tosti: 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 Tosti
Largest movements
- Stocks and contracts +€22,934
up €22,934 (+145.6%), from €15,747 to €38,681
- Financial fixed assets +€15,000
new in 2025: €15,000
- Receivables within one year +€11,991
up €11,991 (+144.2%), from €8,318 to €20,309
of which Trade receivables: +€11,483
- Cash -€6,143
down €6,143 (-17.5%), from €35,102 to €28,959
mainly Stocks and contracts (-€22,934) and Investment in fixed assets (net) (-€20,561)
- Tangible fixed assets +€5,042
new in 2025: €5,042
of which Furniture and vehicles: +€3,433
- Tax, wage and social debts +€18,745
up €18,745 (+101.7%), from €18,434 to €37,179
of which Taxes: +€14,777
- Profit (loss) carried forward +€14,081
up €14,081 (+99.9%), from €14,097 to €28,178
- Trade debts +€12,605
up €12,605 (+165.2%), from €7,628 to €20,233
- Other debts +€4,623
up €4,623 (+28.9%), from €16,009 to €20,632
- Gross operating margin +€32,831
up €32,831 (+65.1%), from €50,403 to €83,234
- Staff costs +€32,453
up €32,453 (+126.4%), from €25,677 to €58,130
- Financial charges -€3,018
down €3,018 (-55.4%), from €5,450 to €2,432
- Taxes +€2,267
up €2,267 (+50.9%), from €4,455 to €6,722
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 | €59,167 | €109,246 | +€50,079 | +84.6% |
| Fixed assets | 21/28 | - | €20,042 | +€20,042 | |
| Tangible fixed assets | 22/27 | - | €5,042 | +€5,042 | |
| Plant, machinery and equipment | 23 | - | €1,609 | +€1,609 | |
| Furniture and vehicles | 24 | - | €3,433 | +€3,433 | |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €59,167 | €89,204 | +€30,037 | +50.8% |
| Stocks and contracts in progress | 3 | €15,747 | €38,681 | +€22,934 | +145.6% |
| Stocks | 30/36 | €15,747 | €38,681 | +€22,934 | +145.6% |
| Amounts receivable within one year | 40/41 | €8,318 | €20,309 | +€11,991 | +144.2% |
| Trade receivables | 40 | €8,318 | €19,801 | +€11,483 | +138.0% |
| Other amounts receivable | 41 | - | €508 | +€508 | |
| Cash at bank and in hand | 54/58 | €35,102 | €28,959 | -€6,143 | -17.5% |
| Deferred charges and accrued income | 490/1 | - | €1,255 | +€1,255 | |
| Total equity and liabilities | 10/49 | €59,167 | €109,246 | +€50,079 | +84.6% |
| Equity | 10/15 | €17,097 | €31,178 | +€14,081 | +82.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,097 | €28,178 | +€14,081 | +99.9% |
| Amounts payable | 17/49 | €42,071 | €78,068 | +€35,998 | +85.6% |
| Amounts payable within one year | 42/48 | €42,071 | €78,068 | +€35,998 | +85.6% |
| Financial debts | 43 | €0 | €0 | -€0 | -100.0% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100.0% |
| Trade debts | 44 | €7,628 | €20,233 | +€12,605 | +165.2% |
| Suppliers | 440/4 | €7,628 | €20,233 | +€12,605 | +165.2% |
| Advances received on contracts in progress | 46 | - | €25 | +€25 | |
| Taxes, remuneration and social security | 45 | €18,434 | €37,179 | +€18,745 | +101.7% |
| Taxes | 450/3 | €16,062 | €30,839 | +€14,777 | +92.0% |
| Remuneration and social security | 454/9 | €2,372 | €6,340 | +€3,968 | +167.3% |
| Other amounts payable | 47/48 | €16,009 | €20,632 | +€4,623 | +28.9% |
| Remuneration, social security and pensions | 62 | €25,677 | €58,130 | +€32,453 | +126.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €519 | +€519 | |
| Other operating charges | 640/8 | €756 | €1,400 | +€644 | +85.2% |
| Gross operating margin | 9900 | €50,403 | €83,234 | +€32,831 | +65.1% |
| Operating profit (loss) | 9901 | €23,969 | €23,184 | -€786 | -3.3% |
| Financial income | 75/76B | €32 | €51 | +€19 | +59.8% |
| Recurring financial income | 75 | €32 | €51 | +€19 | +59.8% |
| Financial charges | 65/66B | €5,450 | €2,432 | -€3,018 | -55.4% |
| Recurring financial charges | 65 | €5,450 | €2,432 | -€3,018 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €18,552 | €20,803 | +€2,251 | +12.1% |
| Income taxes | 67/77 | €4,455 | €6,722 | +€2,267 | +50.9% |
| Profit (loss) for the period | 9904 | €14,097 | €14,081 | -€16 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,097 | €14,081 | -€16 | -0.1% |
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.