Studio Zorro: 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 Zorro
Largest movements
- Receivables within one year +€39,062
up €39,062 (+175%), from €22,363 to €61,425
of which Trade receivables: +€39,062
- Cash +€31,123
up €31,123 (+183%), from €16,982 to €48,104
mainly Net result for the year (+€40,676) and Tax, wage and social debts (+€33,260)
- Tangible fixed assets +€5,193
up €5,193 (+63.4%), from €8,187 to €13,380
- Deferred charges and accrued income +€2,413
up €2,413 (+630%), from €383 to €2,796
- Reserves +€38,958
up €38,958 (+188%), from €20,726 to €59,684
- Tax, wage and social debts +€33,260
up €33,260 (+154%), from €21,577 to €54,837
of which Taxes: +€19,691
- Trade debts +€5,878
up €5,878 (+176%), from €3,345 to €9,223
- Gross operating margin +€90,409
up €90,409 (+195%), from €46,467 to €136,875
- Staff costs +€50,517
up €50,517 (+525%), from €9,628 to €60,145
- Taxes +€7,747
up €7,747 (+83.6%), from €9,271 to €17,018
- Depreciation +€2,484
up €2,484 (+69.2%), from €3,591 to €6,075
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 | €48,616 | €126,264 | +€77,648 | +160% |
| Fixed assets | 21/28 | €8,888 | €13,938 | +€5,050 | +56.8% |
| Intangible fixed assets | 21 | €701 | €558 | -€143 | -20.4% |
| Tangible fixed assets | 22/27 | €8,187 | €13,380 | +€5,193 | +63.4% |
| Furniture and vehicles | 24 | €8,187 | €13,380 | +€5,193 | +63.4% |
| Current assets | 29/58 | €39,728 | €112,326 | +€72,598 | +183% |
| Amounts receivable within one year | 40/41 | €22,363 | €61,425 | +€39,062 | +175% |
| Trade receivables | 40 | €22,140 | €61,203 | +€39,062 | +176% |
| Other amounts receivable | 41 | €223 | €223 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,982 | €48,104 | +€31,123 | +183% |
| Deferred charges and accrued income | 490/1 | €383 | €2,796 | +€2,413 | +630% |
| Total equity and liabilities | 10/49 | €48,616 | €126,264 | +€77,648 | +160% |
| Equity | 10/15 | €20,826 | €59,784 | +€38,958 | +187% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €20,726 | €59,684 | +€38,958 | +188% |
| Distributable reserves | 133 | €20,726 | €59,684 | +€38,958 | +188% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,789 | €66,480 | +€38,691 | +139% |
| Amounts payable within one year | 42/48 | €26,588 | €66,403 | +€39,815 | +150% |
| Trade debts | 44 | €3,345 | €9,223 | +€5,878 | +176% |
| Suppliers | 440/4 | €3,345 | €9,223 | +€5,878 | +176% |
| Taxes, remuneration and social security | 45 | €21,577 | €54,837 | +€33,260 | +154% |
| Taxes | 450/3 | €14,875 | €34,566 | +€19,691 | +132% |
| Remuneration and social security | 454/9 | €6,702 | €20,271 | +€13,569 | +202% |
| Other amounts payable | 47/48 | €1,666 | €2,343 | +€677 | +40.6% |
| Accrued charges and deferred income | 492/3 | €1,201 | €77 | -€1,124 | -93.6% |
| Non-recurring operating income | 76A | - | €16,449 | +€16,449 | |
| Remuneration, social security and pensions | 62 | €9,628 | €60,145 | +€50,517 | +525% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,591 | €6,075 | +€2,484 | +69.2% |
| Other operating charges | 640/8 | €1,396 | €1,742 | +€346 | +24.8% |
| Non-recurring operating charges | 66A | - | €10,671 | +€10,671 | |
| Gross operating margin | 9900 | €46,467 | €136,875 | +€90,409 | +195% |
| Operating profit (loss) | 9901 | €31,852 | €58,243 | +€26,391 | +82.9% |
| Financial charges | 65/66B | €189 | €550 | +€361 | +191% |
| Recurring financial charges | 65 | €189 | €550 | +€361 | +191% |
| Profit (loss) for the period before taxes | 9903 | €31,663 | €57,694 | +€26,031 | +82.2% |
| Income taxes | 67/77 | €9,271 | €17,018 | +€7,747 | +83.6% |
| Profit (loss) for the period | 9904 | €22,392 | €40,676 | +€18,283 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,392 | €40,676 | +€18,283 | +81.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.