STUDIOMDA: 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.
STUDIOMDA
Largest movements
- Receivables within one year -€17,911
down €17,911 (-36.9%), from €48,474 to €30,564
of which Trade receivables: -€19,762
- Stocks and contracts -€8,598
no longer reported in 2025 (was €8,598)
- Cash +€2,212
up €2,212 (+2.5%), from €86,960 to €89,172
mainly Other debts (+€76,504) and Receivables within one year (+€17,911)
- Reserves -€88,382
down €88,382 (-86.6%), from €102,062 to €13,680
- Other debts +€76,504
up €76,504 (+1058.0%), from €7,231 to €83,735
- Tax, wage and social debts -€13,199
down €13,199 (-76.5%), from €17,247 to €4,048
of which Taxes: -€10,699
- Staff costs -€15,080
no longer reported in 2025 (was €15,080)
- Taxes +€4,477
up €4,477 (+382.2%), from €1,171 to €5,648
- Gross operating margin +€1,619
up €1,619 (+8.2%), from €19,722 to €21,340
- Other operating charges -€1,340
down €1,340 (-64.0%), from €2,092 to €752
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 | €146,833 | €122,091 | -€24,741 | -16.8% |
| Fixed assets | 21/28 | €1,789 | €1,013 | -€776 | -43.4% |
| Tangible fixed assets | 22/27 | €1,789 | €1,013 | -€776 | -43.4% |
| Plant, machinery and equipment | 23 | €650 | €434 | -€217 | -33.3% |
| Furniture and vehicles | 24 | €1,028 | €524 | -€504 | -49.0% |
| Other tangible fixed assets | 26 | €111 | €55 | -€55 | -50.0% |
| Current assets | 29/58 | €145,044 | €121,079 | -€23,965 | -16.5% |
| Stocks and contracts in progress | 3 | €8,598 | - | -€8,598 | |
| Contracts in progress | 37 | €8,598 | - | -€8,598 | |
| Amounts receivable within one year | 40/41 | €48,474 | €30,564 | -€17,911 | -36.9% |
| Trade receivables | 40 | €48,474 | €28,712 | -€19,762 | -40.8% |
| Other amounts receivable | 41 | - | €1,852 | +€1,852 | |
| Cash at bank and in hand | 54/58 | €86,960 | €89,172 | +€2,212 | +2.5% |
| Deferred charges and accrued income | 490/1 | €1,012 | €1,343 | +€331 | +32.7% |
| Total equity and liabilities | 10/49 | €146,833 | €122,091 | -€24,741 | -16.8% |
| Equity | 10/15 | €120,662 | €32,280 | -€88,382 | -73.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,062 | €13,680 | -€88,382 | -86.6% |
| Distributable reserves | 133 | €102,062 | €13,680 | -€88,382 | -86.6% |
| Amounts payable | 17/49 | €26,171 | €89,812 | +€63,641 | +243.2% |
| Amounts payable within one year | 42/48 | €25,168 | €88,586 | +€63,418 | +252.0% |
| Trade debts | 44 | €691 | €804 | +€113 | +16.3% |
| Suppliers | 440/4 | €691 | €804 | +€113 | +16.3% |
| Taxes, remuneration and social security | 45 | €17,247 | €4,048 | -€13,199 | -76.5% |
| Taxes | 450/3 | €14,747 | €4,048 | -€10,699 | -72.6% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €7,231 | €83,735 | +€76,504 | +1058.0% |
| Accrued charges and deferred income | 492/3 | €1,003 | €1,226 | +€223 | +22.3% |
| Remuneration, social security and pensions | 62 | €15,080 | - | -€15,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €1,189 | +€101 | +9.2% |
| Other operating charges | 640/8 | €2,092 | €752 | -€1,340 | -64.0% |
| Gross operating margin | 9900 | €19,722 | €21,340 | +€1,619 | +8.2% |
| Operating profit (loss) | 9901 | €1,462 | €19,400 | +€17,938 | +1227.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -95.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -95.0% |
| Financial charges | 65/66B | €72 | €72 | = | 0.0% |
| Recurring financial charges | 65 | €72 | €72 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,393 | €19,328 | +€17,935 | +1287.7% |
| Income taxes | 67/77 | €1,171 | €5,648 | +€4,477 | +382.2% |
| Profit (loss) for the period | 9904 | €222 | €13,680 | +€13,458 | +6074.7% |
| Profit (loss) for the period to be appropriated | 9905 | €222 | €13,680 | +€13,458 | +6074.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.