STUDIO89: 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.
STUDIO89
Largest movements
- Receivables within one year -€60,667
down €60,667 (-53.0%), from €114,562 to €53,896
of which Trade receivables: -€60,505
- Cash +€43,486
up €43,486 (+91.8%), from €47,377 to €90,863
mainly Receivables within one year (+€60,667) and Depreciation (+€20,014)
- Tangible fixed assets +€6,400
up €6,400 (+5.4%), from €118,806 to €125,205
- Trade debts -€54,871
down €54,871 (-54.3%), from €101,145 to €46,274
- Other debts +€17,706
up €17,706 (+57.9%), from €30,584 to €48,290
- Profit (loss) carried forward +€17,585
up €17,585 (+16.4%), from €107,231 to €124,816
- Tax, wage and social debts +€8,277
up €8,277 (+433%), from €1,912 to €10,189
of which Taxes: +€5,236
- Gross operating margin +€46,216
up €46,216, from -€1,669 to €44,547
- Staff costs -€9,735
down €9,735 (-82.7%), from €11,769 to €2,034
- Financial income -€5,410
down €5,410 (-94.5%), from €5,722 to €312
- Depreciation -€3,531
down €3,531 (-15.0%), from €23,545 to €20,014
- Other operating charges +€2,883
up €2,883 (+199%), from €1,450 to €4,333
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 | €283,605 | €270,124 | -€13,481 | -4.8% |
| Fixed assets | 21/28 | €118,966 | €125,365 | +€6,400 | +5.4% |
| Tangible fixed assets | 22/27 | €118,806 | €125,205 | +€6,400 | +5.4% |
| Furniture and vehicles | 24 | €118,806 | €125,205 | +€6,400 | +5.4% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €164,639 | €144,759 | -€19,880 | -12.1% |
| Amounts receivable within one year | 40/41 | €114,562 | €53,896 | -€60,667 | -53.0% |
| Trade receivables | 40 | €108,981 | €48,476 | -€60,505 | -55.5% |
| Other amounts receivable | 41 | €5,581 | €5,420 | -€161 | -2.9% |
| Cash at bank and in hand | 54/58 | €47,377 | €90,863 | +€43,486 | +91.8% |
| Deferred charges and accrued income | 490/1 | €2,700 | - | -€2,700 | |
| Total equity and liabilities | 10/49 | €283,605 | €270,124 | -€13,481 | -4.8% |
| Equity | 10/15 | €147,489 | €165,074 | +€17,585 | +11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,258 | €20,258 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,258 | €20,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,231 | €124,816 | +€17,585 | +16.4% |
| Amounts payable | 17/49 | €136,116 | €105,049 | -€31,066 | -22.8% |
| Amounts payable within one year | 42/48 | €136,116 | €105,049 | -€31,066 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €2,178 | - | -€2,178 | |
| Trade debts | 44 | €101,145 | €46,274 | -€54,871 | -54.3% |
| Suppliers | 440/4 | €101,145 | €46,274 | -€54,871 | -54.3% |
| Advances received on contracts in progress | 46 | €297 | €297 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,912 | €10,189 | +€8,277 | +433% |
| Taxes | 450/3 | €1,912 | €7,148 | +€5,236 | +274% |
| Remuneration and social security | 454/9 | - | €3,041 | +€3,041 | |
| Other amounts payable | 47/48 | €30,584 | €48,290 | +€17,706 | +57.9% |
| Non-recurring operating income | 76A | - | €2,384 | +€2,384 | |
| Remuneration, social security and pensions | 62 | €11,769 | €2,034 | -€9,735 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,545 | €20,014 | -€3,531 | -15.0% |
| Other operating charges | 640/8 | €1,450 | €4,333 | +€2,883 | +199% |
| Non-recurring operating charges | 66A | €2,558 | - | -€2,558 | |
| Gross operating margin | 9900 | -€1,669 | €44,547 | +€46,216 | |
| Operating profit (loss) | 9901 | -€40,990 | €18,166 | +€59,156 | |
| Financial income | 75/76B | €5,722 | €312 | -€5,410 | -94.5% |
| Recurring financial income | 75 | €5,722 | €312 | -€5,410 | -94.5% |
| Financial charges | 65/66B | €1,595 | €390 | -€1,205 | -75.5% |
| Recurring financial charges | 65 | €1,595 | €390 | -€1,205 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,863 | €18,088 | +€54,952 | |
| Income taxes | 67/77 | €197 | €503 | +€306 | +155% |
| Profit (loss) for the period | 9904 | -€37,061 | €17,585 | +€54,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,061 | €17,585 | +€54,646 |
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 23 October 2026 via checked.be.