Studio Twist: 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 Twist
Largest movements
- Tangible fixed assets +€134,180
up €134,180 (+43.4%), from €309,242 to €443,422
of which Land and buildings: +€129,886
- Cash +€119,871
up €119,871 (+197.5%), from €60,682 to €180,553
mainly Net result for the year (+€155,311) and Debts after one year (+€88,472)
- Receivables within one year +€97,383
up €97,383 (+82.3%), from €118,289 to €215,673
of which Other amounts receivable: +€139,978
- Deferred charges and accrued income -€50,383
down €50,383 (-56.9%), from €88,472 to €38,089
- Reserves +€120,176
up €120,176 (+62.0%), from €193,822 to €313,998
of which Distributable reserves: +€120,176
- Debts after one year +€88,472
up €88,472 (+33.2%), from €266,469 to €354,941
- Tax, wage and social debts +€56,761
up €56,761 (+363.4%), from €15,621 to €72,382
of which Taxes: +€53,582
- Trade debts +€19,738
up €19,738 (+551.5%), from €3,579 to €23,317
- Current portion of long-term debt +€9,209
up €9,209 (+38.8%), from €23,711 to €32,920
- Gross operating margin +€96,132
up €96,132 (+55.5%), from €173,357 to €269,490
- Taxes +€27,904
up €27,904 (+71.1%), from €39,265 to €67,169
- Financial charges +€3,998
up €3,998 (+43.5%), from €9,182 to €13,180
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 | €576,686 | €877,736 | +€301,050 | +52.2% |
| Fixed assets | 21/28 | €309,242 | €443,422 | +€134,180 | +43.4% |
| Tangible fixed assets | 22/27 | €309,242 | €443,422 | +€134,180 | +43.4% |
| Land and buildings | 22 | €302,036 | €431,922 | +€129,886 | +43.0% |
| Plant, machinery and equipment | 23 | €3,349 | €9,579 | +€6,230 | +186.0% |
| Furniture and vehicles | 24 | €3,857 | €1,920 | -€1,936 | -50.2% |
| Current assets | 29/58 | €267,444 | €434,315 | +€166,871 | +62.4% |
| Amounts receivable within one year | 40/41 | €118,289 | €215,673 | +€97,383 | +82.3% |
| Trade receivables | 40 | €98,272 | €55,678 | -€42,594 | -43.3% |
| Other amounts receivable | 41 | €20,017 | €159,995 | +€139,978 | +699.3% |
| Cash at bank and in hand | 54/58 | €60,682 | €180,553 | +€119,871 | +197.5% |
| Deferred charges and accrued income | 490/1 | €88,472 | €38,089 | -€50,383 | -56.9% |
| Total equity and liabilities | 10/49 | €576,686 | €877,736 | +€301,050 | +52.2% |
| Equity | 10/15 | €212,422 | €332,598 | +€120,176 | +56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,822 | €313,998 | +€120,176 | +62.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €191,962 | €312,138 | +€120,176 | +62.6% |
| Amounts payable | 17/49 | €364,264 | €545,138 | +€180,874 | +49.7% |
| Amounts payable after more than one year | 17 | €266,469 | €354,941 | +€88,472 | +33.2% |
| Financial debts | 170/4 | €266,469 | €354,941 | +€88,472 | +33.2% |
| Amounts payable within one year | 42/48 | €95,452 | €188,412 | +€92,960 | +97.4% |
| Current portion of amounts payable after more than one year | 42 | €23,711 | €32,920 | +€9,209 | +38.8% |
| Trade debts | 44 | €3,579 | €23,317 | +€19,738 | +551.5% |
| Suppliers | 440/4 | €3,579 | €23,317 | +€19,738 | +551.5% |
| Taxes, remuneration and social security | 45 | €15,621 | €72,382 | +€56,761 | +363.4% |
| Taxes | 450/3 | €15,621 | €69,203 | +€53,582 | +343.0% |
| Remuneration and social security | 454/9 | - | €3,180 | +€3,180 | |
| Other amounts payable | 47/48 | €52,541 | €59,793 | +€7,251 | +13.8% |
| Accrued charges and deferred income | 492/3 | €2,343 | €1,785 | -€558 | -23.8% |
| Non-recurring operating income | 76A | - | €9,073 | +€9,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,608 | €30,360 | -€247 | -0.8% |
| Other operating charges | 640/8 | €3,697 | €3,895 | +€198 | +5.4% |
| Gross operating margin | 9900 | €173,357 | €269,490 | +€96,132 | +55.5% |
| Operating profit (loss) | 9901 | €139,053 | €235,234 | +€96,181 | +69.2% |
| Financial income | 75/76B | €723 | €426 | -€298 | -41.1% |
| Recurring financial income | 75 | €723 | €426 | -€298 | -41.1% |
| Financial charges | 65/66B | €9,182 | €13,180 | +€3,998 | +43.5% |
| Recurring financial charges | 65 | €9,182 | €13,180 | +€3,998 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €130,594 | €222,480 | +€91,886 | +70.4% |
| Income taxes | 67/77 | €39,265 | €67,169 | +€27,904 | +71.1% |
| Profit (loss) for the period | 9904 | €91,329 | €155,311 | +€63,982 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,329 | €155,311 | +€63,982 | +70.1% |
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 2 October 2026 via checked.be.