Studio Zappa: 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 Zappa
Largest movements
- Receivables within one year +€20,161
new in 2025: €20,161
of which Trade receivables: +€17,916
- Stocks and contracts -€9,076
down €9,076 (-93.5%), from €9,708 to €632
- Cash +€7,767
up €7,767 (+44.2%), from €17,558 to €25,325
mainly Other debts (+€13,389) and Stocks and contracts (+€9,076)
- Tangible fixed assets -€5,015
down €5,015 (-13.5%), from €37,226 to €32,211
- Other debts +€13,389
up €13,389 (+222%), from €6,030 to €19,419
- Trade debts +€8,972
up €8,972 (+709%), from €1,265 to €10,237
- Debts after one year -€7,413
down €7,413 (-33.0%), from €22,438 to €15,025
- Tax, wage and social debts -€2,418
down €2,418 (-48.0%), from €5,042 to €2,624
of which Remuneration and social security: -€2,232
- Gross operating margin +€16,695
up €16,695, from -€9,716 to €6,979
- Depreciation -€3,224
down €3,224 (-43.8%), from €7,364 to €4,140
- Financial charges -€426
down €426 (-25.5%), from €1,672 to €1,246
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 | €65,207 | €78,744 | +€13,537 | +20.8% |
| Fixed assets | 21/28 | €37,226 | €32,211 | -€5,015 | -13.5% |
| Tangible fixed assets | 22/27 | €37,226 | €32,211 | -€5,015 | -13.5% |
| Plant, machinery and equipment | 23 | €37,226 | €32,211 | -€5,015 | -13.5% |
| Current assets | 29/58 | €27,981 | €46,533 | +€18,552 | +66.3% |
| Stocks and contracts in progress | 3 | €9,708 | €632 | -€9,076 | -93.5% |
| Stocks | 30/36 | €9,708 | €632 | -€9,076 | -93.5% |
| Amounts receivable within one year | 40/41 | - | €20,161 | +€20,161 | |
| Trade receivables | 40 | - | €17,916 | +€17,916 | |
| Other amounts receivable | 41 | - | €2,245 | +€2,245 | |
| Cash at bank and in hand | 54/58 | €17,558 | €25,325 | +€7,767 | +44.2% |
| Deferred charges and accrued income | 490/1 | €715 | €415 | -€300 | -42.0% |
| Total equity and liabilities | 10/49 | €65,207 | €78,744 | +€13,537 | +20.8% |
| Equity | 10/15 | €23,298 | €24,026 | +€728 | +3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,898 | €11,626 | +€728 | +6.7% |
| Tax-exempt reserves | 132 | €10,683 | €10,683 | = | 0.0% |
| Distributable reserves | 133 | €215 | €943 | +€728 | +339% |
| Amounts payable | 17/49 | €41,909 | €54,718 | +€12,809 | +30.6% |
| Amounts payable after more than one year | 17 | €22,438 | €15,025 | -€7,413 | -33.0% |
| Financial debts | 170/4 | €22,438 | €15,025 | -€7,413 | -33.0% |
| Amounts payable within one year | 42/48 | €19,471 | €39,693 | +€20,222 | +104% |
| Current portion of amounts payable after more than one year | 42 | €7,134 | €7,413 | +€279 | +3.9% |
| Trade debts | 44 | €1,265 | €10,237 | +€8,972 | +709% |
| Suppliers | 440/4 | €1,265 | €10,237 | +€8,972 | +709% |
| Taxes, remuneration and social security | 45 | €5,042 | €2,624 | -€2,418 | -48.0% |
| Taxes | 450/3 | €549 | €363 | -€186 | -33.9% |
| Remuneration and social security | 454/9 | €4,493 | €2,261 | -€2,232 | -49.7% |
| Other amounts payable | 47/48 | €6,030 | €19,419 | +€13,389 | +222% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,364 | €4,140 | -€3,224 | -43.8% |
| Other operating charges | 640/8 | €833 | €865 | +€32 | +3.8% |
| Gross operating margin | 9900 | -€9,716 | €6,979 | +€16,695 | |
| Operating profit (loss) | 9901 | -€17,913 | €1,974 | +€19,887 | |
| Financial income | 75/76B | €9 | €1 | -€8 | -88.9% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -88.9% |
| Financial charges | 65/66B | €1,672 | €1,246 | -€426 | -25.5% |
| Recurring financial charges | 65 | €1,672 | €1,246 | -€426 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,576 | €729 | +€20,305 | |
| Profit (loss) for the period | 9904 | -€19,576 | €729 | +€20,305 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,576 | €729 | +€20,305 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.