Studio Umlaut: 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 Umlaut
Largest movements
- Cash +€50,507
new in 2025: €50,507
mainly Net result for the year (+€45,215) and Current investments (+€17,629)
- Receivables within one year +€20,717
up €20,717 (+61.7%), from €33,601 to €54,318
- Current investments -€17,629
no longer reported in 2025 (was €17,629)
- Reserves +€45,215
up €45,215 (+889.1%), from €5,086 to €50,301
- Trade debts +€11,526
up €11,526 (+34.1%), from €33,836 to €45,363
- Tax, wage and social debts -€2,446
down €2,446 (-21.2%), from €11,562 to €9,116
of which Taxes: -€1,258
- Gross operating margin +€92,027
up €92,027 (+1074.3%), from €8,566 to €100,593
- Staff costs +€41,125
up €41,125 (+2539.8%), from €1,619 to €42,744
- Taxes +€10,735
up €10,735 (+757.0%), from €1,418 to €12,153
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 | €51,484 | €105,780 | +€54,296 | +105.5% |
| Fixed assets | 21/28 | €100 | €850 | +€750 | +750.0% |
| Financial fixed assets | 28 | €100 | €850 | +€750 | +750.0% |
| Current assets | 29/58 | €51,384 | €104,930 | +€53,546 | +104.2% |
| Amounts receivable within one year | 40/41 | €33,601 | €54,318 | +€20,717 | +61.7% |
| Trade receivables | 40 | €33,601 | €54,318 | +€20,717 | +61.7% |
| Current investments | 50/53 | €17,629 | - | -€17,629 | |
| Cash at bank and in hand | 54/58 | - | €50,507 | +€50,507 | |
| Deferred charges and accrued income | 490/1 | €155 | €105 | -€49 | -32.0% |
| Total equity and liabilities | 10/49 | €51,484 | €105,780 | +€54,296 | +105.5% |
| Equity | 10/15 | €6,086 | €51,301 | +€45,215 | +743.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,086 | €50,301 | +€45,215 | +889.1% |
| Distributable reserves | 133 | €5,086 | €50,301 | +€45,215 | +889.1% |
| Amounts payable | 17/49 | €45,398 | €54,479 | +€9,081 | +20.0% |
| Amounts payable within one year | 42/48 | €45,398 | €54,479 | +€9,081 | +20.0% |
| Trade debts | 44 | €33,836 | €45,363 | +€11,526 | +34.1% |
| Suppliers | 440/4 | €33,836 | €45,363 | +€11,526 | +34.1% |
| Taxes, remuneration and social security | 45 | €11,562 | €9,116 | -€2,446 | -21.2% |
| Taxes | 450/3 | €10,374 | €9,116 | -€1,258 | -12.1% |
| Remuneration and social security | 454/9 | €1,188 | - | -€1,188 | |
| Remuneration, social security and pensions | 62 | €1,619 | €42,744 | +€41,125 | +2539.8% |
| Other operating charges | 640/8 | €437 | €437 | -€0 | 0.0% |
| Gross operating margin | 9900 | €8,566 | €100,593 | +€92,027 | +1074.3% |
| Operating profit (loss) | 9901 | €6,510 | €57,411 | +€50,902 | +782.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6 | €43 | +€37 | +630.2% |
| Recurring financial charges | 65 | €6 | €43 | +€37 | +630.2% |
| Profit (loss) for the period before taxes | 9903 | €6,504 | €57,369 | +€50,865 | +782.1% |
| Income taxes | 67/77 | €1,418 | €12,153 | +€10,735 | +757.0% |
| Profit (loss) for the period | 9904 | €5,086 | €45,215 | +€40,130 | +789.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,086 | €45,215 | +€40,130 | +789.1% |
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 10 October 2026 via checked.be.