STUDIOTECH: 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
STUDIOTECH
NACE 47.540, Retail sale of electrical household appliances
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.6m-€859,268
Equity
€11.9m
2024 · €11.1m+€762,475
Cash
€5.2m
2024 · €1.6m+€3.5m
Balance sheet total
€27.4m
2024 · €24.5m+€2.9m
Largest movements
Assets
- Cash +€3.5m
up €3.5m (+218.5%), from €1.6m to €5.2m
mainly Net result for the year (+€1.8m) and Receivables within one year (+€1.0m)
- Receivables within one year -€1.0m
down €1.0m (-7.0%), from €14.9m to €13.9m
of which Trade receivables: -€1.1m
- Stocks and contracts +€953,196
up €953,196 (+41.5%), from €2.3m to €3.3m
of which Stocks: +€716,768
- Deferred charges and accrued income -€289,378
down €289,378 (-33.7%), from €858,144 to €568,765
Equity and liabilities
- Other debts +€1.0m
new in 2025: €1.0m
- Advances received +€929,586
up €929,586 (+20.5%), from €4.5m to €5.5m
- Profit (loss) carried forward +€769,352
up €769,352 (+10.3%), from €7.4m to €8.2m
Income statement
- Turnover -€6.4m
down €6.4m (-29.1%), from €21.9m to €15.5m
- Goods and materials -€4.6m
down €4.6m (-31.4%), from €14.6m to €10.0m
of which Purchases: -€2.7m
- Financial charges +€541,911
up €541,911 (+150.1%), from €360,953 to €902,864
- Taxes -€368,048
down €368,048 (-63.3%), from €581,779 to €213,731
- Write-downs -€278,230
down €278,230 (-32.3%), from €862,496 to €584,266
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
€2.6m
Turnover
-€6.4m
Other operating income
+€24,687
Goods and materials
+€4.6m
Services and other goods
-€49,280
Staff costs
-€93,939
Depreciation
+€63,446
Write-downs
+€278,230
Other operating charges
+€55,001
Other operating items
+€706,732
Financial income
+€119,123
Financial charges
-€541,911
Taxes
+€368,048
Result 2025
€1.8m
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
+€4.5m
Investment
+€83,384
Financing
-€1.0m
Cash 2024
€1.6m
From operations (derived)
+€4.5m
Net result for the year
+€1.8m
Depreciation
+€179,961
Stocks and contracts
-€953,196
Receivables within one year
+€1.0m
Deferred charges and accrued income
+€289,378
Provisions
-€3,541
Trade debts
+€260,977
Tax, wage and social debts
+€11,197
Advances received
+€929,586
Other debts
+€1.0m
Accrued charges and deferred income
-€56,439
Investment (derived)
+€83,384
Investment in fixed assets (net)
+€83,384
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€5.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,479,850 | €27,384,106 | +€2.9m | +11.9% |
| Fixed assets | 21/28 | €4,763,228 | €4,499,884 | -€263,345 | -5.5% |
| Intangible fixed assets | 21 | €0 | €985 | +€985 | |
| Tangible fixed assets | 22/27 | €1,230,160 | €969,249 | -€260,911 | -21.2% |
| Land and buildings | 22 | €917,651 | €848,809 | -€68,842 | -7.5% |
| Plant, machinery and equipment | 23 | €217,591 | €11,550 | -€206,041 | -94.7% |
| Furniture and vehicles | 24 | €74,576 | €91,530 | +€16,954 | +22.7% |
| Other tangible fixed assets | 26 | €20,343 | €17,360 | -€2,983 | -14.7% |
| Financial fixed assets | 28 | €3,533,068 | €3,529,650 | -€3,419 | -0.1% |
| Affiliated companies | 280/1 | €3,504,838 | €3,524,513 | +€19,675 | +0.6% |
| Participating interests | 280 | €2,857,596 | €2,857,596 | = | 0.0% |
| Amounts receivable | 281 | €647,242 | €666,917 | +€19,675 | +3.0% |
| Other financial fixed assets | 284/8 | €28,230 | €5,137 | -€23,093 | -81.8% |
| Amounts receivable and cash guarantees | 285/8 | €28,230 | €5,137 | -€23,093 | -81.8% |
| Current assets | 29/58 | €19,716,622 | €22,884,222 | +€3.2m | +16.1% |
| Stocks and contracts in progress | 3 | €2,299,151 | €3,252,348 | +€953,196 | +41.5% |
| Stocks | 30/36 | €1,013,744 | €1,730,512 | +€716,768 | +70.7% |
| Goods purchased for resale | 34 | €1,013,744 | €1,730,512 | +€716,768 | +70.7% |
| Contracts in progress | 37 | €1,285,407 | €1,521,836 | +€236,429 | +18.4% |
| Amounts receivable within one year | 40/41 | €14,935,785 | €13,892,098 | -€1.0m | -7.0% |
| Trade receivables | 40 | €14,899,430 | €13,771,728 | -€1.1m | -7.6% |
| Other amounts receivable | 41 | €36,355 | €120,370 | +€84,015 | +231.1% |
| Cash at bank and in hand | 54/58 | €1,623,542 | €5,171,011 | +€3.5m | +218.5% |
| Deferred charges and accrued income | 490/1 | €858,144 | €568,765 | -€289,378 | -33.7% |
| Total equity and liabilities | 10/49 | €24,479,850 | €27,384,106 | +€2.9m | +11.9% |
| Equity | 10/15 | €11,093,924 | €11,856,399 | +€762,475 | +6.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,287,278 | €2,263,891 | -€23,387 | -1.0% |
| Reserves | 13 | €757,157 | €773,667 | +€16,510 | +2.2% |
| Non-distributable reserves | 130/1 | €551,001 | €574,388 | +€23,387 | +4.2% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €491,001 | €514,388 | +€23,387 | +4.8% |
| Tax-exempt reserves | 132 | €146,156 | €139,280 | -€6,877 | -4.7% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,449,489 | €8,218,841 | +€769,352 | +10.3% |
| Provisions and deferred taxes | 16 | €31,265 | €27,724 | -€3,541 | -11.3% |
| Deferred taxes | 168 | €31,265 | €27,724 | -€3,541 | -11.3% |
| Amounts payable | 17/49 | €13,354,662 | €15,499,983 | +€2.1m | +16.1% |
| Amounts payable within one year | 42/48 | €9,659,683 | €11,861,443 | +€2.2m | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €244,716 | €244,716 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €4,499,322 | €4,760,300 | +€260,977 | +5.8% |
| Suppliers | 440/4 | €4,499,322 | €4,760,300 | +€260,977 | +5.8% |
| Advances received on contracts in progress | 46 | €4,539,073 | €5,468,659 | +€929,586 | +20.5% |
| Taxes, remuneration and social security | 45 | €376,572 | €387,768 | +€11,197 | +3.0% |
| Taxes | 450/3 | €230,682 | €187,287 | -€43,395 | -18.8% |
| Remuneration and social security | 454/9 | €145,889 | €200,481 | +€54,592 | +37.4% |
| Other amounts payable | 47/48 | - | €1,000,000 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | €3,694,979 | €3,638,540 | -€56,439 | -1.5% |
| Operating income | 70/76A | €21,471,196 | €15,816,911 | -€5.7m | -26.3% |
| Turnover | 70 | €21,891,050 | €15,514,807 | -€6.4m | -29.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€500,763 | €236,429 | +€737,192 | |
| Other operating income | 74 | €29,278 | €53,966 | +€24,687 | +84.3% |
| Non-recurring operating income | 76A | €51,630 | €11,709 | -€39,921 | -77.3% |
| Operating charges | 60/66A | €19,126,036 | €14,276,279 | -€4.8m | -25.4% |
| Goods for resale, raw materials and consumables | 60 | €14,593,614 | €10,006,777 | -€4.6m | -31.4% |
| Purchases | 600/8 | €13,583,619 | €10,908,544 | -€2.7m | -19.7% |
| Change in stocks: decrease (increase) | 609 | €1,009,996 | -€901,768 | -€1.9m | |
| Services and other goods | 61 | €1,898,106 | €1,947,386 | +€49,280 | +2.6% |
| Remuneration, social security and pensions | 62 | €1,348,577 | €1,442,516 | +€93,939 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,407 | €179,961 | -€63,446 | -26.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €862,496 | €584,266 | -€278,230 | -32.3% |
| Other operating charges | 640/8 | €167,195 | €112,194 | -€55,001 | -32.9% |
| Non-recurring operating charges | 66A | €12,641 | €3,180 | -€9,461 | -74.8% |
| Operating profit (loss) | 9901 | €2,345,160 | €1,540,632 | -€804,528 | -34.3% |
| Financial income | 75/76B | €1,215,774 | €1,334,897 | +€119,123 | +9.8% |
| Recurring financial income | 75 | €1,193,832 | €1,334,897 | +€141,066 | +11.8% |
| Income from financial fixed assets | 750 | €1,070,581 | €1,279,695 | +€209,114 | +19.5% |
| Income from current assets | 751 | €19 | €21 | +€2 | +11.9% |
| Other financial income | 752/9 | €123,232 | €55,181 | -€68,051 | -55.2% |
| Non-recurring financial income | 76B | €21,943 | €0 | -€21,943 | -100.0% |
| Financial charges | 65/66B | €360,953 | €902,864 | +€541,911 | +150.1% |
| Recurring financial charges | 65 | €360,953 | €902,864 | +€541,911 | +150.1% |
| Debt charges | 650 | €0 | - | -€0 | |
| Other financial charges | 652/9 | €360,953 | €902,864 | +€541,911 | +150.1% |
| Profit (loss) for the period before taxes | 9903 | €3,199,981 | €1,972,665 | -€1.2m | -38.4% |
| Transfer from deferred taxes | 780 | €3,541 | €3,541 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €581,779 | €213,731 | -€368,048 | -63.3% |
| Taxes | 670/3 | €581,779 | €213,731 | -€368,048 | -63.3% |
| Profit (loss) for the period | 9904 | €2,621,743 | €1,762,475 | -€859,268 | -32.8% |
| Transfer from tax-exempt reserves | 789 | €6,877 | €6,877 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,628,620 | €1,769,352 | -€859,268 | -32.7% |
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 30 September 2026 via checked.be.