STUDIO VERRUE: 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 VERRUE
Largest movements
- Receivables within one year -€42,570
down €42,570 (-73.6%), from €57,836 to €15,266
of which Trade receivables: -€39,561
- Tangible fixed assets +€26,671
up €26,671 (+49.3%), from €54,104 to €80,776
of which Furniture and vehicles: +€25,266
- Cash +€11,267
up €11,267 (+123%), from €9,165 to €20,432
mainly Receivables within one year (+€42,570) and Debts after one year (+€19,482)
- Deferred charges and accrued income +€2,147
up €2,147 (+1,496%), from €144 to €2,291
- Profit (loss) carried forward -€20,214
down €20,214 (-36.5%), from €55,419 to €35,205
- Debts after one year +€19,482
up €19,482 (+124%), from €15,694 to €35,177
- Tax, wage and social debts -€6,696
down €6,696 (-30.8%), from €21,709 to €15,013
- Current portion of long-term debt +€3,953
up €3,953 (+27.9%), from €14,181 to €18,134
- Other debts +€3,548
up €3,548 (+1,211%), from €293 to €3,841
- Other operating charges +€26,404
up €26,404 (+1,568%), from €1,684 to €28,089
- Gross operating margin -€17,390
down €17,390 (-21.2%), from €82,121 to €64,731
- Taxes -€7,732
down €7,732 (-57.6%), from €13,417 to €5,685
- Depreciation -€2,811
down €2,811 (-13.7%), from €20,512 to €17,700
- Financial charges +€2,259
up €2,259 (+169%), from €1,337 to €3,596
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 | €122,038 | €119,190 | -€2,848 | -2.3% |
| Fixed assets | 21/28 | €54,894 | €81,202 | +€26,307 | +47.9% |
| Intangible fixed assets | 21 | €790 | €426 | -€364 | -46.1% |
| Tangible fixed assets | 22/27 | €54,104 | €80,776 | +€26,671 | +49.3% |
| Plant, machinery and equipment | 23 | €2,056 | €1,224 | -€832 | -40.5% |
| Furniture and vehicles | 24 | €33,529 | €58,795 | +€25,266 | +75.4% |
| Other tangible fixed assets | 26 | €18,519 | €20,756 | +€2,237 | +12.1% |
| Current assets | 29/58 | €67,144 | €37,989 | -€29,155 | -43.4% |
| Amounts receivable within one year | 40/41 | €57,836 | €15,266 | -€42,570 | -73.6% |
| Trade receivables | 40 | €50,512 | €10,951 | -€39,561 | -78.3% |
| Other amounts receivable | 41 | €7,323 | €4,315 | -€3,008 | -41.1% |
| Cash at bank and in hand | 54/58 | €9,165 | €20,432 | +€11,267 | +123% |
| Deferred charges and accrued income | 490/1 | €144 | €2,291 | +€2,147 | +1,496% |
| Total equity and liabilities | 10/49 | €122,038 | €119,190 | -€2,848 | -2.3% |
| Equity | 10/15 | €59,419 | €39,205 | -€20,214 | -34.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,419 | €35,205 | -€20,214 | -36.5% |
| Amounts payable | 17/49 | €62,619 | €79,986 | +€17,367 | +27.7% |
| Amounts payable after more than one year | 17 | €15,694 | €35,177 | +€19,482 | +124% |
| Financial debts | 170/4 | €15,694 | €35,177 | +€19,482 | +124% |
| Amounts payable within one year | 42/48 | €39,425 | €39,259 | -€166 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €14,181 | €18,134 | +€3,953 | +27.9% |
| Trade debts | 44 | €3,242 | €2,271 | -€971 | -29.9% |
| Suppliers | 440/4 | €3,242 | €2,271 | -€971 | -29.9% |
| Taxes, remuneration and social security | 45 | €21,709 | €15,013 | -€6,696 | -30.8% |
| Taxes | 450/3 | €21,709 | €15,013 | -€6,696 | -30.8% |
| Other amounts payable | 47/48 | €293 | €3,841 | +€3,548 | +1,211% |
| Accrued charges and deferred income | 492/3 | €7,500 | €5,550 | -€1,950 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,512 | €17,700 | -€2,811 | -13.7% |
| Other operating charges | 640/8 | €1,684 | €28,089 | +€26,404 | +1,568% |
| Gross operating margin | 9900 | €82,121 | €64,731 | -€17,390 | -21.2% |
| Operating profit (loss) | 9901 | €59,925 | €18,942 | -€40,983 | -68.4% |
| Financial income | 75/76B | €152 | €125 | -€27 | -17.8% |
| Recurring financial income | 75 | €152 | €125 | -€27 | -17.8% |
| Financial charges | 65/66B | €1,337 | €3,596 | +€2,259 | +169% |
| Recurring financial charges | 65 | €1,337 | €3,596 | +€2,259 | +169% |
| Profit (loss) for the period before taxes | 9903 | €58,739 | €15,471 | -€43,269 | -73.7% |
| Income taxes | 67/77 | €13,417 | €5,685 | -€7,732 | -57.6% |
| Profit (loss) for the period | 9904 | €45,322 | €9,786 | -€35,536 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,322 | €9,786 | -€35,536 | -78.4% |
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 20 October 2026 via checked.be.