StudiO2: what changed
Two fiscal 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.
StudiO2
Largest movements
- Cash -€17,046
down €17,046 (-39.1%), from €43,604 to €26,558
mainly Contributions, distributions and other (-€35,094) and Receivables within one year (-€5,991)
- Receivables within one year +€5,991
up €5,991 (+78.3%), from €7,652 to €13,643
of which Trade receivables: +€5,767
- Tangible fixed assets +€3,204
up €3,204 (+57.1%), from €5,609 to €8,813
of which Furniture and vehicles: +€4,061
- Deferred charges and accrued income -€724
down €724 (-22.2%), from €3,267 to €2,543
- Reserves -€8,107
down €8,107 (-23.1%), from €35,094 to €26,988
- Other debts +€5,979
up €5,979 (+61.9%), from €9,655 to €15,635
- Trade debts -€4,447
down €4,447 (-92.1%), from €4,829 to €382
- Tax, wage and social debts -€1,798
down €1,798 (-26.0%), from €6,914 to €5,116
of which Taxes: -€1,798
- Gross operating margin +€15,218
up €15,218 (+55.3%), from €27,506 to €42,724
- Taxes +€3,443
up €3,443 (+45.7%), from €7,541 to €10,985
- Depreciation +€669
up €669 (+37.4%), from €1,790 to €2,459
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.
Cash bridge derived
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 | €60,132 | €51,557 | -€8,575 | -14.3% |
| Fixed assets | 21/28 | €5,609 | €8,813 | +€3,204 | +57.1% |
| Tangible fixed assets | 22/27 | €5,609 | €8,813 | +€3,204 | +57.1% |
| Furniture and vehicles | 24 | €3,083 | €7,145 | +€4,061 | +131.7% |
| Other tangible fixed assets | 26 | €2,525 | €1,668 | -€858 | -34.0% |
| Current assets | 29/58 | €54,524 | €42,745 | -€11,779 | -21.6% |
| Amounts receivable within one year | 40/41 | €7,652 | €13,643 | +€5,991 | +78.3% |
| Trade receivables | 40 | €7,623 | €13,389 | +€5,767 | +75.7% |
| Other amounts receivable | 41 | €29 | €253 | +€224 | +767.5% |
| Cash at bank and in hand | 54/58 | €43,604 | €26,558 | -€17,046 | -39.1% |
| Deferred charges and accrued income | 490/1 | €3,267 | €2,543 | -€724 | -22.2% |
| Total equity and liabilities | 10/49 | €60,132 | €51,557 | -€8,575 | -14.3% |
| Equity | 10/15 | €38,094 | €29,988 | -€8,107 | -21.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,094 | €26,988 | -€8,107 | -23.1% |
| Distributable reserves | 133 | €35,094 | €26,988 | -€8,107 | -23.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,038 | €21,569 | -€468 | -2.1% |
| Amounts payable within one year | 42/48 | €21,398 | €21,132 | -€266 | -1.2% |
| Trade debts | 44 | €4,829 | €382 | -€4,447 | -92.1% |
| Suppliers | 440/4 | €4,829 | €382 | -€4,447 | -92.1% |
| Taxes, remuneration and social security | 45 | €6,914 | €5,116 | -€1,798 | -26.0% |
| Taxes | 450/3 | €5,614 | €3,816 | -€1,798 | -32.0% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €9,655 | €15,635 | +€5,979 | +61.9% |
| Accrued charges and deferred income | 492/3 | €640 | €437 | -€203 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €2,459 | +€669 | +37.4% |
| Other operating charges | 640/8 | €1,202 | €1,485 | +€283 | +23.5% |
| Gross operating margin | 9900 | €27,506 | €42,724 | +€15,218 | +55.3% |
| Operating profit (loss) | 9901 | €24,513 | €38,780 | +€14,267 | +58.2% |
| Financial income | 75/76B | €3 | €2 | -€1 | -33.6% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -33.6% |
| Financial charges | 65/66B | €1,214 | €809 | -€405 | -33.4% |
| Recurring financial charges | 65 | €1,214 | €809 | -€405 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €23,302 | €37,973 | +€14,671 | +63.0% |
| Income taxes | 67/77 | €7,541 | €10,985 | +€3,443 | +45.7% |
| Profit (loss) for the period | 9904 | €15,761 | €26,988 | +€11,227 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,761 | €26,988 | +€11,227 | +71.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.