Studio Zest: 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 Zest
Largest movements
- Cash +€48,664
up €48,664 (+105%), from €46,519 to €95,184
mainly Net result for the year (+€37,911) and Trade debts (+€12,414)
- Reserves +€36,250
up €36,250 (+126%), from €28,750 to €65,000
- Trade debts +€12,414
up €12,414 (+328%), from €3,790 to €16,203
- Tax, wage and social debts -€3,104
down €3,104 (-16.4%), from €18,921 to €15,817
of which Taxes: -€2,335
- Other debts +€1,350
up €1,350 (+7.2%), from €18,733 to €20,083
- Gross operating margin +€7,787
up €7,787 (+17.0%), from €45,828 to €53,616
- Taxes -€1,601
down €1,601 (-13.5%), from €11,890 to €10,290
- Depreciation +€1,184
up €1,184 (+46.2%), from €2,564 to €3,748
- Financial charges +€1,093
up €1,093 (+421%), from €259 to €1,353
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 | €72,332 | €120,003 | +€47,671 | +65.9% |
| Fixed assets | 21/28 | €6,387 | €5,546 | -€840 | -13.2% |
| Intangible fixed assets | 21 | €500 | - | -€500 | |
| Tangible fixed assets | 22/27 | €5,887 | €5,396 | -€490 | -8.3% |
| Plant, machinery and equipment | 23 | €5,787 | €5,396 | -€390 | -6.7% |
| Furniture and vehicles | 24 | €100 | - | -€100 | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €65,946 | €114,457 | +€48,511 | +73.6% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,079 | €15,908 | -€1,171 | -6.9% |
| Trade receivables | 40 | €16,849 | €15,908 | -€941 | -5.6% |
| Other amounts receivable | 41 | €230 | - | -€230 | |
| Cash at bank and in hand | 54/58 | €46,519 | €95,184 | +€48,664 | +105% |
| Deferred charges and accrued income | 490/1 | €1,347 | €2,365 | +€1,017 | +75.5% |
| Total equity and liabilities | 10/49 | €72,332 | €120,003 | +€47,671 | +65.9% |
| Equity | 10/15 | €30,777 | €67,022 | +€36,245 | +118% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,750 | €65,000 | +€36,250 | +126% |
| Distributable reserves | 133 | €28,750 | €65,000 | +€36,250 | +126% |
| Profit (loss) carried forward | 14 | €27 | €22 | -€5 | -19.0% |
| Amounts payable | 17/49 | €41,555 | €52,981 | +€11,426 | +27.5% |
| Amounts payable within one year | 42/48 | €41,443 | €52,103 | +€10,660 | +25.7% |
| Trade debts | 44 | €3,790 | €16,203 | +€12,414 | +328% |
| Suppliers | 440/4 | €3,790 | €16,203 | +€12,414 | +328% |
| Taxes, remuneration and social security | 45 | €18,921 | €15,817 | -€3,104 | -16.4% |
| Taxes | 450/3 | €18,151 | €15,817 | -€2,335 | -12.9% |
| Remuneration and social security | 454/9 | €769 | - | -€769 | |
| Other amounts payable | 47/48 | €18,733 | €20,083 | +€1,350 | +7.2% |
| Accrued charges and deferred income | 492/3 | €112 | €878 | +€766 | +682% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,564 | €3,748 | +€1,184 | +46.2% |
| Other operating charges | 640/8 | €620 | €460 | -€160 | -25.8% |
| Gross operating margin | 9900 | €45,828 | €53,616 | +€7,787 | +17.0% |
| Operating profit (loss) | 9901 | €42,645 | €49,408 | +€6,763 | +15.9% |
| Financial income | 75/76B | €0 | €146 | +€146 | +1,455,400% |
| Recurring financial income | 75 | €0 | €146 | +€146 | +1,455,400% |
| Financial charges | 65/66B | €259 | €1,353 | +€1,093 | +421% |
| Recurring financial charges | 65 | €259 | €1,353 | +€1,093 | +421% |
| Profit (loss) for the period before taxes | 9903 | €42,385 | €48,200 | +€5,815 | +13.7% |
| Income taxes | 67/77 | €11,890 | €10,290 | -€1,601 | -13.5% |
| Profit (loss) for the period | 9904 | €30,495 | €37,911 | +€7,416 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,495 | €37,911 | +€7,416 | +24.3% |
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 14 October 2026 via checked.be.