STUDIOS 1-2-3: 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.
What changed
STUDIOS 1-2-3
NACE 55.204, Guest rooms (bed and breakfast)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€658
2024 · €3,189-€3,847
Equity
€54,736
2024 · €55,394-€658
Cash
€1,381
2024 · €2,286-€905
Balance sheet total
€421,917
2024 · €454,266-€32,349
Largest movements
Assets
- Tangible fixed assets -€30,853
down €30,853 (-6.9%), from €446,481 to €415,629
of which Land and buildings: -€28,017
Equity and liabilities
- Debts after one year -€41,554
down €41,554 (-11.9%), from €349,895 to €308,341
of which Financial debts: -€41,554
Income statement
- Gross operating margin -€4,414
down €4,414 (-7.0%), from €62,765 to €58,351
- Financial charges -€1,331
down €1,331 (-7.9%), from €16,781 to €15,450
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.
Result 2024
€3,189
Gross operating margin
-€4,414
Depreciation
-€185
Other operating charges
-€574
Financial income
+€0
Financial charges
+€1,331
Taxes
-€6
Result 2025
-€658
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.
From operations
+€40,340
Investment
-€1,199
Financing
-€40,046
Cash 2024
€2,286
From operations (derived)
+€40,340
Net result for the year
-€658
Depreciation
+€32,052
Receivables within one year
+€592
Trade debts
+€2,945
Tax, wage and social debts
-€1,133
Advances received
+€475
Other debts
+€2,818
Accrued charges and deferred income
+€3,250
Investment (derived)
-€1,199
Investment in fixed assets (net)
-€1,199
Financing
-€40,046
Debts after one year
-€41,554
Current portion of long-term debt
+€1,508
Cash 2025
€1,381
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,266 | €421,917 | -€32,349 | -7.1% |
| Fixed assets | 21/28 | €448,489 | €417,636 | -€30,853 | -6.9% |
| Tangible fixed assets | 22/27 | €446,481 | €415,629 | -€30,853 | -6.9% |
| Land and buildings | 22 | €420,750 | €392,734 | -€28,017 | -6.7% |
| Plant, machinery and equipment | 23 | €25,731 | €22,895 | -€2,836 | -11.0% |
| Financial fixed assets | 28 | €2,008 | €2,008 | = | 0.0% |
| Current assets | 29/58 | €5,777 | €4,281 | -€1,497 | -25.9% |
| Amounts receivable within one year | 40/41 | €3,491 | €2,900 | -€592 | -16.9% |
| Trade receivables | 40 | €3,225 | €2,733 | -€493 | -15.3% |
| Other amounts receivable | 41 | €266 | €167 | -€99 | -37.2% |
| Cash at bank and in hand | 54/58 | €2,286 | €1,381 | -€905 | -39.6% |
| Total equity and liabilities | 10/49 | €454,266 | €421,917 | -€32,349 | -7.1% |
| Equity | 10/15 | €55,394 | €54,736 | -€658 | -1.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €25,394 | €24,736 | -€658 | -2.6% |
| Distributable reserves | 133 | €25,394 | €24,736 | -€658 | -2.6% |
| Amounts payable | 17/49 | €398,872 | €367,181 | -€31,691 | -7.9% |
| Amounts payable after more than one year | 17 | €349,895 | €308,341 | -€41,554 | -11.9% |
| Financial debts | 170/4 | €319,895 | €278,341 | -€41,554 | -13.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,977 | €55,590 | +€6,613 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €40,046 | €41,554 | +€1,508 | +3.8% |
| Trade debts | 44 | €4,618 | €7,563 | +€2,945 | +63.8% |
| Suppliers | 440/4 | €4,618 | €7,563 | +€2,945 | +63.8% |
| Advances received on contracts in progress | 46 | €225 | €700 | +€475 | +211.2% |
| Taxes, remuneration and social security | 45 | €3,480 | €2,347 | -€1,133 | -32.6% |
| Taxes | 450/3 | €3,480 | €2,347 | -€1,133 | -32.6% |
| Other amounts payable | 47/48 | €609 | €3,427 | +€2,818 | +462.4% |
| Accrued charges and deferred income | 492/3 | - | €3,250 | +€3,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,867 | €32,052 | +€185 | +0.6% |
| Other operating charges | 640/8 | €10,766 | €11,340 | +€574 | +5.3% |
| Gross operating margin | 9900 | €62,765 | €58,351 | -€4,414 | -7.0% |
| Operating profit (loss) | 9901 | €20,132 | €14,959 | -€5,173 | -25.7% |
| Financial income | 75/76B | €6 | €6 | +€0 | +7.8% |
| Recurring financial income | 75 | €6 | €6 | +€0 | +7.8% |
| Financial charges | 65/66B | €16,781 | €15,450 | -€1,331 | -7.9% |
| Recurring financial charges | 65 | €16,781 | €15,450 | -€1,331 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €3,357 | -€485 | -€3,841 | |
| Income taxes | 67/77 | €168 | €173 | +€6 | +3.4% |
| Profit (loss) for the period | 9904 | €3,189 | -€658 | -€3,847 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,189 | -€658 | -€3,847 |
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 5 October 2026 via checked.be.