STUDIOTROPE: 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.
STUDIOTROPE
Largest movements
- Receivables within one year -€272,508
down €272,508 (-59.0%), from €461,702 to €189,194
of which Other amounts receivable: -€146,190
- Tangible fixed assets -€108,370
down €108,370 (-9.8%), from €1.1m to €999,898
of which Land and buildings: -€103,928
- Reserves +€1.2m
up €1.2m (+3232.9%), from €37,240 to €1.2m
of which Distributable reserves: +€1.2m
- Profit (loss) carried forward -€1.2m
no longer reported in 2024 (was €1.2m)
- Trade debts -€436,061
down €436,061 (-70.0%), from €623,108 to €187,047
- Debts after one year +€305,460
up €305,460 (+1519.8%), from €20,099 to €325,558
- Tax, wage and social debts -€292,514
down €292,514 (-91.5%), from €319,779 to €27,264
- Gross operating margin -€915,674
down €915,674 (-80.7%), from €1.1m to €218,917
- Taxes -€269,930
down €269,930 (-95.1%), from €283,791 to €13,861
- Other operating charges -€19,776
down €19,776 (-50.3%), from €39,314 to €19,538
- Financial charges +€14,983
up €14,983 (+207.3%), from €7,228 to €22,211
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,572,865 | €2,198,656 | -€374,209 | -14.5% |
| Fixed assets | 21/28 | €1,108,888 | €1,000,518 | -€108,370 | -9.8% |
| Tangible fixed assets | 22/27 | €1,108,268 | €999,898 | -€108,370 | -9.8% |
| Land and buildings | 22 | €1,057,679 | €953,751 | -€103,928 | -9.8% |
| Plant, machinery and equipment | 23 | €16,293 | €14,063 | -€2,229 | -13.7% |
| Furniture and vehicles | 24 | €3,650 | €11,863 | +€8,213 | +225.0% |
| Leasing and similar rights | 25 | €30,646 | €20,221 | -€10,425 | -34.0% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €1,463,978 | €1,198,138 | -€265,840 | -18.2% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €461,702 | €189,194 | -€272,508 | -59.0% |
| Trade receivables | 40 | €156,106 | €29,788 | -€126,318 | -80.9% |
| Other amounts receivable | 41 | €305,596 | €159,406 | -€146,190 | -47.8% |
| Cash at bank and in hand | 54/58 | €27 | €6,553 | +€6,526 | +24350.3% |
| Deferred charges and accrued income | 490/1 | €2,249 | €2,391 | +€142 | +6.3% |
| Total equity and liabilities | 10/49 | €2,572,865 | €2,198,656 | -€374,209 | -14.5% |
| Equity | 10/15 | €1,551,448 | €1,587,775 | +€36,327 | +2.3% |
| Contributions | 10/11 | €346,600 | €346,600 | = | 0.0% |
| Reserves | 13 | €37,240 | €1,241,175 | +€1.2m | +3232.9% |
| Non-distributable reserves | 130/1 | €37,240 | €37,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,240 | €37,240 | = | 0.0% |
| Distributable reserves | 133 | - | €1,203,935 | +€1.2m | |
| Profit (loss) carried forward | 14 | €1,167,608 | - | -€1.2m | |
| Amounts payable | 17/49 | €1,021,417 | €610,881 | -€410,536 | -40.2% |
| Amounts payable after more than one year | 17 | €20,099 | €325,558 | +€305,460 | +1519.8% |
| Financial debts | 170/4 | €20,099 | €325,558 | +€305,460 | +1519.8% |
| Amounts payable within one year | 42/48 | €1,001,319 | €285,323 | -€715,996 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | €28,440 | €65,110 | +€36,671 | +128.9% |
| Financial debts | 43 | €29,992 | €5,901 | -€24,091 | -80.3% |
| Credit institutions | 430/8 | €29,992 | €5,901 | -€24,091 | -80.3% |
| Trade debts | 44 | €623,108 | €187,047 | -€436,061 | -70.0% |
| Suppliers | 440/4 | €623,108 | €187,047 | -€436,061 | -70.0% |
| Taxes, remuneration and social security | 45 | €319,779 | €27,264 | -€292,514 | -91.5% |
| Taxes | 450/3 | €319,779 | €27,264 | -€292,514 | -91.5% |
| Non-recurring operating income | 76A | €896,351 | - | -€896,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,870 | €126,982 | +€1,112 | +0.9% |
| Other operating charges | 640/8 | €39,314 | €19,538 | -€19,776 | -50.3% |
| Gross operating margin | 9900 | €1,134,591 | €218,917 | -€915,674 | -80.7% |
| Operating profit (loss) | 9901 | €969,407 | €72,397 | -€897,010 | -92.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +155.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +155.0% |
| Financial charges | 65/66B | €7,228 | €22,211 | +€14,983 | +207.3% |
| Recurring financial charges | 65 | €7,228 | €22,211 | +€14,983 | +207.3% |
| Profit (loss) for the period before taxes | 9903 | €962,180 | €50,187 | -€911,992 | -94.8% |
| Income taxes | 67/77 | €283,791 | €13,861 | -€269,930 | -95.1% |
| Profit (loss) for the period | 9904 | €678,389 | €36,327 | -€642,062 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €678,389 | €36,327 | -€642,062 | -94.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.