STUDIO XII: 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 XII
Largest movements
- Tangible fixed assets -€14,947
down €14,947 (-23.4%), from €64,000 to €49,053
of which Land and buildings: -€14,374
- Cash +€3,399
up €3,399 (+42.6%), from €7,982 to €11,381
mainly Depreciation (+€14,947) and Net result for the year (+€14,133)
- Debts after one year -€20,970
down €20,970 (-12.8%), from €163,395 to €142,425
- Profit (loss) carried forward +€14,133
up €14,133 (+7.8%), from -€181,276 to -€167,143
- Other debts -€5,569
down €5,569 (-16.8%), from €33,087 to €27,517
- Trade debts +€1,216
up €1,216 (+241%), from €504 to €1,721
- Gross operating margin +€6,009
up €6,009 (+20.0%), from €30,107 to €36,115
- Financial charges -€1,106
down €1,106 (-18.6%), from €5,942 to €4,836
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,317 | €63,790 | -€10,527 | -14.2% |
| Fixed assets | 21/28 | €64,000 | €49,053 | -€14,947 | -23.4% |
| Tangible fixed assets | 22/27 | €64,000 | €49,053 | -€14,947 | -23.4% |
| Land and buildings | 22 | €63,427 | €49,053 | -€14,374 | -22.7% |
| Plant, machinery and equipment | 23 | €573 | - | -€573 | |
| Current assets | 29/58 | €10,317 | €14,737 | +€4,420 | +42.8% |
| Amounts receivable within one year | 40/41 | - | €484 | +€484 | |
| Trade receivables | 40 | - | €484 | +€484 | |
| Cash at bank and in hand | 54/58 | €7,982 | €11,381 | +€3,399 | +42.6% |
| Deferred charges and accrued income | 490/1 | €2,335 | €2,872 | +€537 | +23.0% |
| Total equity and liabilities | 10/49 | €74,317 | €63,790 | -€10,527 | -14.2% |
| Equity | 10/15 | -€145,276 | -€131,143 | +€14,133 | +9.7% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€181,276 | -€167,143 | +€14,133 | +7.8% |
| Amounts payable | 17/49 | €219,593 | €194,934 | -€24,660 | -11.2% |
| Amounts payable after more than one year | 17 | €163,395 | €142,425 | -€20,970 | -12.8% |
| Financial debts | 170/4 | €163,395 | €142,425 | -€20,970 | -12.8% |
| Amounts payable within one year | 42/48 | €56,198 | €52,509 | -€3,690 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €20,970 | €20,970 | = | 0.0% |
| Trade debts | 44 | €504 | €1,721 | +€1,216 | +241% |
| Suppliers | 440/4 | €504 | €1,721 | +€1,216 | +241% |
| Taxes, remuneration and social security | 45 | €1,638 | €2,301 | +€663 | +40.5% |
| Taxes | 450/3 | €1,638 | €2,301 | +€663 | +40.5% |
| Other amounts payable | 47/48 | €33,087 | €27,517 | -€5,569 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,073 | €14,947 | -€126 | -0.8% |
| Other operating charges | 640/8 | €2,128 | €2,080 | -€49 | -2.3% |
| Gross operating margin | 9900 | €30,107 | €36,115 | +€6,009 | +20.0% |
| Operating profit (loss) | 9901 | €12,905 | €19,089 | +€6,183 | +47.9% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €5,942 | €4,836 | -€1,106 | -18.6% |
| Recurring financial charges | 65 | €5,942 | €4,836 | -€1,106 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €6,987 | €14,253 | +€7,266 | +104% |
| Income taxes | 67/77 | €118 | €120 | +€2 | +1.9% |
| Profit (loss) for the period | 9904 | €6,869 | €14,133 | +€7,264 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €6,869 | €14,133 | +€7,264 | +106% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.