Studio Vagabondo: 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 Vagabondo
Largest movements
- Tangible fixed assets +€123,574
up €123,574 (+485%), from €25,491 to €149,065
of which Land and buildings: +€121,719
- Cash -€37,139
down €37,139 (-24.0%), from €154,913 to €117,774
mainly Contributions, distributions and other (-€266,471) and Investment in fixed assets (net) (-€153,803)
- Receivables after one year +€35,000
new in 2025: €35,000
- Receivables within one year -€11,848
down €11,848 (-14.2%), from €83,727 to €71,879
of which Trade receivables: -€19,041
- Profit (loss) carried forward -€186,340
down €186,340 (-91.2%), from €204,349 to €18,009
- Other debts +€161,966
new in 2025: €161,966
- Debts after one year +€103,669
new in 2025: €103,669
- Tax, wage and social debts +€31,789
up €31,789 (+210%), from €15,173 to €46,962
of which Taxes: +€30,354
- Current portion of long-term debt +€5,740
new in 2025: €5,740
- Gross operating margin +€60,724
up €60,724 (+80.2%), from €75,676 to €136,400
- Depreciation +€22,367
up €22,367 (+284%), from €7,862 to €30,229
- Taxes +€8,091
up €8,091 (+54.0%), from €14,987 to €23,077
- Financial charges +€3,194
up €3,194 (+487%), from €656 to €3,850
- Financial income +€1,435
up €1,435 (+546%), from €263 to €1,697
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.
Derived cash bridge
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 | €264,368 | €375,592 | +€111,224 | +42.1% |
| Fixed assets | 21/28 | €25,491 | €149,065 | +€123,574 | +485% |
| Tangible fixed assets | 22/27 | €25,491 | €149,065 | +€123,574 | +485% |
| Land and buildings | 22 | - | €121,719 | +€121,719 | |
| Plant, machinery and equipment | 23 | €3,875 | €11,577 | +€7,702 | +199% |
| Furniture and vehicles | 24 | €14,924 | €9,836 | -€5,088 | -34.1% |
| Other tangible fixed assets | 26 | €6,692 | €5,933 | -€759 | -11.3% |
| Current assets | 29/58 | €238,877 | €226,527 | -€12,350 | -5.2% |
| Amounts receivable after more than one year | 29 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 291 | - | €35,000 | +€35,000 | |
| Amounts receivable within one year | 40/41 | €83,727 | €71,879 | -€11,848 | -14.2% |
| Trade receivables | 40 | €78,608 | €59,567 | -€19,041 | -24.2% |
| Other amounts receivable | 41 | €5,119 | €12,312 | +€7,193 | +141% |
| Cash at bank and in hand | 54/58 | €154,913 | €117,774 | -€37,139 | -24.0% |
| Deferred charges and accrued income | 490/1 | €237 | €1,873 | +€1,636 | +691% |
| Total equity and liabilities | 10/49 | €264,368 | €375,592 | +€111,224 | +42.1% |
| Equity | 10/15 | €204,449 | €18,109 | -€186,340 | -91.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,349 | €18,009 | -€186,340 | -91.2% |
| Amounts payable | 17/49 | €59,919 | €357,484 | +€297,564 | +497% |
| Amounts payable after more than one year | 17 | - | €103,669 | +€103,669 | |
| Financial debts | 170/4 | - | €103,669 | +€103,669 | |
| Amounts payable within one year | 42/48 | €59,919 | €253,814 | +€193,895 | +324% |
| Current portion of amounts payable after more than one year | 42 | - | €5,740 | +€5,740 | |
| Trade debts | 44 | €44,747 | €39,147 | -€5,600 | -12.5% |
| Suppliers | 440/4 | €44,747 | €39,147 | -€5,600 | -12.5% |
| Taxes, remuneration and social security | 45 | €15,173 | €46,962 | +€31,789 | +210% |
| Taxes | 450/3 | €15,173 | €45,527 | +€30,354 | +200% |
| Remuneration and social security | 454/9 | - | €1,435 | +€1,435 | |
| Other amounts payable | 47/48 | - | €161,966 | +€161,966 | |
| Non-recurring operating income | 76A | - | €496 | +€496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,862 | €30,229 | +€22,367 | +284% |
| Other operating charges | 640/8 | €0 | €810 | +€810 | |
| Gross operating margin | 9900 | €75,676 | €136,400 | +€60,724 | +80.2% |
| Operating profit (loss) | 9901 | €67,815 | €105,361 | +€37,546 | +55.4% |
| Financial income | 75/76B | €263 | €1,697 | +€1,435 | +546% |
| Recurring financial income | 75 | €263 | €1,697 | +€1,435 | +546% |
| Financial charges | 65/66B | €656 | €3,850 | +€3,194 | +487% |
| Recurring financial charges | 65 | €656 | €3,850 | +€3,194 | +487% |
| Profit (loss) for the period before taxes | 9903 | €67,421 | €103,208 | +€35,787 | +53.1% |
| Income taxes | 67/77 | €14,987 | €23,077 | +€8,091 | +54.0% |
| Profit (loss) for the period | 9904 | €52,434 | €80,130 | +€27,696 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,434 | €80,130 | +€27,696 | +52.8% |
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 26 October 2026 via checked.be.