STUDIO21: 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.
STUDIO21
Largest movements
- Cash +€31,381
up €31,381 (+257.2%), from €12,199 to €43,580
mainly Other debts (+€30,427) and Trade debts (+€20,523)
- Tangible fixed assets +€10,304
up €10,304 (+20.7%), from €49,693 to €59,997
of which Plant, machinery and equipment: +€16,551
- Receivables within one year +€9,557
up €9,557 (+52.3%), from €18,256 to €27,813
of which Trade receivables: +€10,001
- Other debts +€30,427
up €30,427 (+423.0%), from €7,194 to €37,621
- Trade debts +€20,523
up €20,523 (+94.3%), from €21,753 to €42,276
- Reserves +€8,987
up €8,987 (+132.7%), from €6,770 to €15,757
- Debts after one year -€7,031
down €7,031 (-27.7%), from €25,384 to €18,353
- Tax, wage and social debts -€2,579
down €2,579 (-29.1%), from €8,863 to €6,283
- Gross operating margin +€17,499
up €17,499 (+145.3%), from €12,040 to €29,539
- Depreciation +€13,134
up €13,134 (+426.5%), from €3,080 to €16,214
- Financial charges +€892
up €892 (+182.4%), from €489 to €1,381
- Taxes +€653
up €653 (+38.4%), from €1,701 to €2,354
- Other operating charges +€604
new in 2025: €604
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 | €81,687 | €132,322 | +€50,634 | +62.0% |
| Fixed assets | 21/28 | €49,693 | €59,997 | +€10,304 | +20.7% |
| Tangible fixed assets | 22/27 | €49,693 | €59,997 | +€10,304 | +20.7% |
| Plant, machinery and equipment | 23 | €17,609 | €34,160 | +€16,551 | +94.0% |
| Furniture and vehicles | 24 | €32,083 | €25,837 | -€6,247 | -19.5% |
| Current assets | 29/58 | €31,995 | €72,325 | +€40,330 | +126.1% |
| Amounts receivable within one year | 40/41 | €18,256 | €27,813 | +€9,557 | +52.3% |
| Trade receivables | 40 | €17,724 | €27,725 | +€10,001 | +56.4% |
| Other amounts receivable | 41 | €532 | €88 | -€444 | -83.4% |
| Cash at bank and in hand | 54/58 | €12,199 | €43,580 | +€31,381 | +257.2% |
| Deferred charges and accrued income | 490/1 | €1,540 | €932 | -€608 | -39.5% |
| Total equity and liabilities | 10/49 | €81,687 | €132,322 | +€50,634 | +62.0% |
| Equity | 10/15 | €11,770 | €20,757 | +€8,987 | +76.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,770 | €15,757 | +€8,987 | +132.7% |
| Distributable reserves | 133 | €6,770 | €15,757 | +€8,987 | +132.7% |
| Amounts payable | 17/49 | €69,917 | €111,565 | +€41,648 | +59.6% |
| Amounts payable after more than one year | 17 | €25,384 | €18,353 | -€7,031 | -27.7% |
| Financial debts | 170/4 | €25,384 | €18,353 | -€7,031 | -27.7% |
| Amounts payable within one year | 42/48 | €44,533 | €93,212 | +€48,679 | +109.3% |
| Current portion of amounts payable after more than one year | 42 | €6,723 | €7,031 | +€309 | +4.6% |
| Trade debts | 44 | €21,753 | €42,276 | +€20,523 | +94.3% |
| Suppliers | 440/4 | €21,753 | €42,276 | +€20,523 | +94.3% |
| Taxes, remuneration and social security | 45 | €8,863 | €6,283 | -€2,579 | -29.1% |
| Taxes | 450/3 | €8,863 | €6,283 | -€2,579 | -29.1% |
| Other amounts payable | 47/48 | €7,194 | €37,621 | +€30,427 | +423.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,080 | €16,214 | +€13,134 | +426.5% |
| Other operating charges | 640/8 | - | €604 | +€604 | |
| Gross operating margin | 9900 | €12,040 | €29,539 | +€17,499 | +145.3% |
| Operating profit (loss) | 9901 | €8,960 | €12,722 | +€3,761 | +42.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €489 | €1,381 | +€892 | +182.4% |
| Recurring financial charges | 65 | €489 | €1,381 | +€892 | +182.4% |
| Profit (loss) for the period before taxes | 9903 | €8,471 | €11,340 | +€2,869 | +33.9% |
| Income taxes | 67/77 | €1,701 | €2,354 | +€653 | +38.4% |
| Profit (loss) for the period | 9904 | €6,770 | €8,987 | +€2,216 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,770 | €8,987 | +€2,216 | +32.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.