STUDIO VC: 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 VC
Largest movements
- Tangible fixed assets +€413,295
up €413,295 (+8307.0%), from €4,975 to €418,270
of which Land and buildings: +€414,815
- Financial fixed assets -€43,000
no longer reported in 2025 (was €43,000)
- Cash -€21,267
down €21,267 (-72.5%), from €29,316 to €8,050
mainly Investment in fixed assets (net) (-€382,000) and Net result for the year (-€49,889)
- Debts after one year +€282,452
new in 2025: €282,452
- Other debts +€118,000
up €118,000 (+590.0%), from €20,000 to €138,000
- Reserves -€31,795
no longer reported in 2025 (was €31,795)
- Profit (loss) carried forward -€18,094
new in 2025: -€18,094
- Tax, wage and social debts -€10,877
no longer reported in 2025 (was €10,877)
- Gross operating margin -€120,971
down €120,971, from €101,159 to -€19,813
- Financial charges -€11,318
down €11,318 (-46.8%), from €24,184 to €12,866
- Depreciation +€11,090
up €11,090 (+1803.0%), from €615 to €11,705
- Taxes -€10,877
no longer reported in 2025 (was €10,877)
- Other operating charges +€4,120
up €4,120 (+297.2%), from €1,386 to €5,506
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 | €77,907 | €426,937 | +€349,030 | +448.0% |
| Fixed assets | 21/28 | €47,975 | €418,270 | +€370,295 | +771.8% |
| Tangible fixed assets | 22/27 | €4,975 | €418,270 | +€413,295 | +8307.0% |
| Land and buildings | 22 | - | €414,815 | +€414,815 | |
| Furniture and vehicles | 24 | €4,975 | €3,456 | -€1,519 | -30.5% |
| Financial fixed assets | 28 | €43,000 | - | -€43,000 | |
| Current assets | 29/58 | €29,932 | €8,667 | -€21,265 | -71.0% |
| Cash at bank and in hand | 54/58 | €29,316 | €8,050 | -€21,267 | -72.5% |
| Deferred charges and accrued income | 490/1 | €615 | €617 | +€2 | +0.3% |
| Total equity and liabilities | 10/49 | €77,907 | €426,937 | +€349,030 | +448.0% |
| Equity | 10/15 | €46,795 | -€3,094 | -€49,889 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €31,795 | - | -€31,795 | |
| Distributable reserves | 133 | €31,795 | - | -€31,795 | |
| Profit (loss) carried forward | 14 | - | -€18,094 | -€18,094 | |
| Amounts payable | 17/49 | €31,112 | €430,031 | +€398,919 | +1282.2% |
| Amounts payable after more than one year | 17 | - | €282,452 | +€282,452 | |
| Financial debts | 170/4 | - | €282,452 | +€282,452 | |
| Amounts payable within one year | 42/48 | €30,900 | €147,579 | +€116,679 | +377.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,349 | +€9,349 | |
| Trade debts | 44 | €23 | €230 | +€207 | +903.5% |
| Suppliers | 440/4 | €23 | €230 | +€207 | +903.5% |
| Taxes, remuneration and social security | 45 | €10,877 | - | -€10,877 | |
| Taxes | 450/3 | €10,877 | - | -€10,877 | |
| Other amounts payable | 47/48 | €20,000 | €138,000 | +€118,000 | +590.0% |
| Accrued charges and deferred income | 492/3 | €212 | - | -€212 | |
| Non-recurring operating income | 76A | €2,704 | - | -€2,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €615 | €11,705 | +€11,090 | +1803.0% |
| Other operating charges | 640/8 | €1,386 | €5,506 | +€4,120 | +297.2% |
| Gross operating margin | 9900 | €101,159 | -€19,813 | -€120,971 | |
| Operating profit (loss) | 9901 | €99,158 | -€37,023 | -€136,181 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €24,184 | €12,866 | -€11,318 | -46.8% |
| Recurring financial charges | 65 | €24,184 | €12,866 | -€11,318 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €74,975 | -€49,889 | -€124,864 | |
| Income taxes | 67/77 | €10,877 | - | -€10,877 | |
| Profit (loss) for the period | 9904 | €64,097 | -€49,889 | -€113,987 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,097 | -€49,889 | -€113,987 |
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 8 October 2026 via checked.be.