STUDIO-V: 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-V
Largest movements
- Receivables within one year -€6,563
down €6,563 (-68.7%), from €9,553 to €2,989
of which Trade receivables: -€5,630
- Cash +€1,183
up €1,183 (+125.7%), from €941 to €2,124
mainly Receivables within one year (+€6,563) and Accrued charges and deferred income (+€837)
- Tangible fixed assets -€378
no longer reported in 2025 (was €378)
- Reserves -€4,240
down €4,240 (-70.9%), from €5,981 to €1,741
- Debts after one year -€1,188
no longer reported in 2025 (was €1,188)
- Accrued charges and deferred income +€837
new in 2025: €837
- Other debts -€759
no longer reported in 2025 (was €759)
- Tax, wage and social debts -€443
no longer reported in 2025 (was €443)
- Gross operating margin +€1,477
up €1,477 (+26.3%), from -€5,616 to -€4,139
- Depreciation -€423
no longer reported in 2025 (was €423)
- Financial income -€334
down €334 (-66.5%), from €503 to €168
- Other operating charges +€62
new in 2025: €62
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 | €10,871 | €5,113 | -€5,758 | -53.0% |
| Fixed assets | 21/28 | €378 | - | -€378 | |
| Tangible fixed assets | 22/27 | €378 | - | -€378 | |
| Furniture and vehicles | 24 | €378 | - | -€378 | |
| Current assets | 29/58 | €10,494 | €5,113 | -€5,380 | -51.3% |
| Amounts receivable within one year | 40/41 | €9,553 | €2,989 | -€6,563 | -68.7% |
| Trade receivables | 40 | €5,630 | - | -€5,630 | |
| Other amounts receivable | 41 | €3,922 | €2,989 | -€933 | -23.8% |
| Cash at bank and in hand | 54/58 | €941 | €2,124 | +€1,183 | +125.7% |
| Total equity and liabilities | 10/49 | €10,871 | €5,113 | -€5,758 | -53.0% |
| Equity | 10/15 | €8,481 | €4,241 | -€4,240 | -50.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,981 | €1,741 | -€4,240 | -70.9% |
| Distributable reserves | 133 | €5,981 | €1,741 | -€4,240 | -70.9% |
| Amounts payable | 17/49 | €2,390 | €872 | -€1,518 | -63.5% |
| Amounts payable after more than one year | 17 | €1,188 | - | -€1,188 | |
| Financial debts | 170/4 | €1,188 | - | -€1,188 | |
| Amounts payable within one year | 42/48 | €1,202 | €35 | -€1,167 | -97.1% |
| Trade debts | 44 | - | €35 | +€35 | |
| Suppliers | 440/4 | - | €35 | +€35 | |
| Taxes, remuneration and social security | 45 | €443 | - | -€443 | |
| Taxes | 450/3 | €443 | - | -€443 | |
| Other amounts payable | 47/48 | €759 | - | -€759 | |
| Accrued charges and deferred income | 492/3 | - | €837 | +€837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423 | - | -€423 | |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | -€5,616 | -€4,139 | +€1,477 | +26.3% |
| Operating profit (loss) | 9901 | -€6,039 | -€4,201 | +€1,838 | +30.4% |
| Financial income | 75/76B | €503 | €168 | -€334 | -66.5% |
| Recurring financial income | 75 | €503 | €168 | -€334 | -66.5% |
| Financial charges | 65/66B | €216 | €207 | -€9 | -4.1% |
| Recurring financial charges | 65 | €216 | €207 | -€9 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,753 | -€4,240 | +€1,513 | +26.3% |
| Profit (loss) for the period | 9904 | -€5,753 | -€4,240 | +€1,513 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,753 | -€4,240 | +€1,513 | +26.3% |
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 12 October 2026 via checked.be.