Studio VAL - Architecture & Design: 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 VAL - Architecture & Design
Largest movements
- Cash +€32,608
up €32,608 (+97.9%), from €33,320 to €65,928
mainly Other debts (+€77,121) and Net result for the year (+€25,372)
- Receivables within one year -€5,407
down €5,407 (-28.3%), from €19,077 to €13,670
of which Other amounts receivable: -€2,789
- Tangible fixed assets -€3,483
down €3,483 (-25.2%), from €13,809 to €10,325
of which Furniture and vehicles: -€2,840
- Other debts +€77,121
up €77,121 (+5,252%), from €1,469 to €78,590
- Profit (loss) carried forward -€45,772
no longer reported in 2025 (was €45,772)
- Current portion of long-term debt -€5,598
no longer reported in 2025 (was €5,598)
- Tax, wage and social debts -€3,365
down €3,365 (-25.5%), from €13,191 to €9,826
of which Remuneration and social security: -€6,400
- Trade debts +€923
up €923 (+61.7%), from €1,496 to €2,418
- Gross operating margin +€16,621
up €16,621 (+69.9%), from €23,767 to €40,388
- Taxes +€6,639
up €6,639 (+205%), from €3,234 to €9,873
- Depreciation -€6,015
down €6,015 (-56.9%), from €10,571 to €4,555
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 | €67,626 | €90,934 | +€23,309 | +34.5% |
| Fixed assets | 21/28 | €13,809 | €10,325 | -€3,483 | -25.2% |
| Tangible fixed assets | 22/27 | €13,809 | €10,325 | -€3,483 | -25.2% |
| Plant, machinery and equipment | 23 | €5,258 | €4,615 | -€643 | -12.2% |
| Furniture and vehicles | 24 | €8,551 | €5,711 | -€2,840 | -33.2% |
| Current assets | 29/58 | €53,817 | €80,609 | +€26,792 | +49.8% |
| Amounts receivable within one year | 40/41 | €19,077 | €13,670 | -€5,407 | -28.3% |
| Trade receivables | 40 | €14,147 | €11,528 | -€2,619 | -18.5% |
| Other amounts receivable | 41 | €4,930 | €2,141 | -€2,789 | -56.6% |
| Cash at bank and in hand | 54/58 | €33,320 | €65,928 | +€32,608 | +97.9% |
| Deferred charges and accrued income | 490/1 | €1,420 | €1,012 | -€409 | -28.8% |
| Total equity and liabilities | 10/49 | €67,626 | €90,934 | +€23,309 | +34.5% |
| Equity | 10/15 | €45,872 | €100 | -€45,772 | -99.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,772 | - | -€45,772 | |
| Amounts payable | 17/49 | €21,754 | €90,834 | +€69,081 | +318% |
| Amounts payable within one year | 42/48 | €21,754 | €90,834 | +€69,081 | +318% |
| Current portion of amounts payable after more than one year | 42 | €5,598 | - | -€5,598 | |
| Trade debts | 44 | €1,496 | €2,418 | +€923 | +61.7% |
| Suppliers | 440/4 | €1,496 | €2,418 | +€923 | +61.7% |
| Taxes, remuneration and social security | 45 | €13,191 | €9,826 | -€3,365 | -25.5% |
| Taxes | 450/3 | €6,791 | €9,826 | +€3,035 | +44.7% |
| Remuneration and social security | 454/9 | €6,400 | - | -€6,400 | |
| Other amounts payable | 47/48 | €1,469 | €78,590 | +€77,121 | +5,252% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,571 | €4,555 | -€6,015 | -56.9% |
| Other operating charges | 640/8 | €727 | €803 | +€76 | +10.4% |
| Gross operating margin | 9900 | €23,767 | €40,388 | +€16,621 | +69.9% |
| Operating profit (loss) | 9901 | €12,469 | €35,030 | +€22,561 | +181% |
| Financial income | 75/76B | €366 | €307 | -€60 | -16.3% |
| Recurring financial income | 75 | €366 | €307 | -€60 | -16.3% |
| Financial charges | 65/66B | €143 | €90 | -€53 | -36.9% |
| Recurring financial charges | 65 | €143 | €90 | -€53 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €12,692 | €35,246 | +€22,554 | +178% |
| Income taxes | 67/77 | €3,234 | €9,873 | +€6,639 | +205% |
| Profit (loss) for the period | 9904 | €9,458 | €25,372 | +€15,914 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €9,458 | €25,372 | +€15,914 | +168% |
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 31 October 2026 via checked.be.