STUDIOS LEEUW: 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.
STUDIOS LEEUW
Largest movements
- Cash -€92,394
down €92,394 (-70.8%), from €130,501 to €38,107
mainly Net result for the year (-€88,392) and Tax, wage and social debts (-€14,139)
- Tangible fixed assets -€26,833
down €26,833 (-2.6%), from €1.0m to €996,029
of which Furniture and vehicles: -€18,674
- Intangible fixed assets -€17,542
down €17,542 (-14.8%), from €118,345 to €100,803
- Profit (loss) carried forward -€88,392
down €88,392 (-23.7%), from -€372,833 to -€461,225
- Gross operating margin -€61,158
down €61,158 (-60.5%), from €101,066 to €39,908
- Depreciation +€28,031
up €28,031 (+168%), from €16,656 to €44,687
- Staff costs +€16,391
up €16,391 (+48.0%), from €34,146 to €50,537
- Financial income -€10,933
down €10,933 (-99.9%), from €10,939 to €6
- Other operating charges -€9,051
down €9,051 (-21.7%), from €41,780 to €32,729
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 | €1,439,700 | €1,326,088 | -€113,612 | -7.9% |
| Fixed assets | 21/28 | €1,141,234 | €1,096,859 | -€44,375 | -3.9% |
| Intangible fixed assets | 21 | €118,345 | €100,803 | -€17,542 | -14.8% |
| Tangible fixed assets | 22/27 | €1,022,862 | €996,029 | -€26,833 | -2.6% |
| Land and buildings | 22 | €933,269 | €925,738 | -€7,531 | -0.8% |
| Plant, machinery and equipment | 23 | €5,986 | €5,358 | -€628 | -10.5% |
| Furniture and vehicles | 24 | €83,607 | €64,933 | -€18,674 | -22.3% |
| Financial fixed assets | 28 | €27 | €27 | = | 0.0% |
| Current assets | 29/58 | €298,466 | €229,229 | -€69,237 | -23.2% |
| Amounts receivable within one year | 40/41 | €161,117 | €175,070 | +€13,953 | +8.7% |
| Trade receivables | 40 | - | €9,490 | +€9,490 | |
| Other amounts receivable | 41 | €161,117 | €165,580 | +€4,463 | +2.8% |
| Cash at bank and in hand | 54/58 | €130,501 | €38,107 | -€92,394 | -70.8% |
| Deferred charges and accrued income | 490/1 | €6,848 | €16,052 | +€9,204 | +134% |
| Total equity and liabilities | 10/49 | €1,439,700 | €1,326,088 | -€113,612 | -7.9% |
| Equity | 10/15 | €282,167 | €193,775 | -€88,392 | -31.3% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€372,833 | -€461,225 | -€88,392 | -23.7% |
| Amounts payable | 17/49 | €1,157,533 | €1,132,313 | -€25,220 | -2.2% |
| Amounts payable after more than one year | 17 | €892,433 | €888,808 | -€3,625 | -0.4% |
| Financial debts | 170/4 | €892,433 | €888,808 | -€3,625 | -0.4% |
| Amounts payable within one year | 42/48 | €263,727 | €242,041 | -€21,686 | -8.2% |
| Trade debts | 44 | €53,857 | €46,312 | -€7,545 | -14.0% |
| Suppliers | 440/4 | €53,857 | €46,312 | -€7,545 | -14.0% |
| Taxes, remuneration and social security | 45 | €26,940 | €12,801 | -€14,139 | -52.5% |
| Taxes | 450/3 | €16,959 | €453 | -€16,506 | -97.3% |
| Remuneration and social security | 454/9 | €9,981 | €12,348 | +€2,367 | +23.7% |
| Other amounts payable | 47/48 | €182,930 | €182,928 | -€2 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,373 | €1,464 | +€91 | +6.6% |
| Remuneration, social security and pensions | 62 | €34,146 | €50,537 | +€16,391 | +48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,656 | €44,687 | +€28,031 | +168% |
| Other operating charges | 640/8 | €41,780 | €32,729 | -€9,051 | -21.7% |
| Gross operating margin | 9900 | €101,066 | €39,908 | -€61,158 | -60.5% |
| Operating profit (loss) | 9901 | €8,484 | -€88,045 | -€96,529 | |
| Financial income | 75/76B | €10,939 | €6 | -€10,933 | -99.9% |
| Recurring financial income | 75 | €10,939 | €6 | -€10,933 | -99.9% |
| Financial charges | 65/66B | €255 | €353 | +€98 | +38.4% |
| Recurring financial charges | 65 | €255 | €353 | +€98 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €19,168 | -€88,392 | -€107,560 | |
| Profit (loss) for the period | 9904 | €19,168 | -€88,392 | -€107,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,168 | -€88,392 | -€107,560 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.