STUDJO: 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.
STUDJO
Largest movements
- Cash +€5,570
up €5,570 (+361%), from €1,542 to €7,112
mainly Other debts (+€4,757) and Depreciation (+€3,284)
- Tangible fixed assets -€3,284
down €3,284 (-35.5%), from €9,258 to €5,974
of which Other tangible fixed assets: -€1,765
- Receivables within one year +€2,849
up €2,849 (+551%), from €517 to €3,367
- Other debts +€4,757
up €4,757 (+51.0%), from €9,320 to €14,076
- Trade debts -€1,300
down €1,300 (-63.0%), from €2,063 to €763
- Tax, wage and social debts +€1,167
up €1,167 (+39.0%), from €2,994 to €4,161
- Profit (loss) carried forward +€570
up €570 (+1.9%), from -€30,455 to -€29,885
- Gross operating margin +€9,903
up €9,903, from -€5,078 to €4,825
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 | €11,844 | €17,038 | +€5,194 | +43.9% |
| Fixed assets | 21/28 | €9,258 | €5,974 | -€3,284 | -35.5% |
| Tangible fixed assets | 22/27 | €9,258 | €5,974 | -€3,284 | -35.5% |
| Furniture and vehicles | 24 | €2,196 | €678 | -€1,519 | -69.2% |
| Other tangible fixed assets | 26 | €7,062 | €5,297 | -€1,765 | -25.0% |
| Current assets | 29/58 | €2,586 | €11,064 | +€8,478 | +328% |
| Amounts receivable within one year | 40/41 | €517 | €3,367 | +€2,849 | +551% |
| Trade receivables | 40 | €517 | €3,367 | +€2,849 | +551% |
| Cash at bank and in hand | 54/58 | €1,542 | €7,112 | +€5,570 | +361% |
| Deferred charges and accrued income | 490/1 | €526 | €585 | +€58 | +11.1% |
| Total equity and liabilities | 10/49 | €11,844 | €17,038 | +€5,194 | +43.9% |
| Equity | 10/15 | -€2,532 | -€1,962 | +€570 | +22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,723 | €21,723 | = | 0.0% |
| Distributable reserves | 133 | €21,723 | €21,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,455 | -€29,885 | +€570 | +1.9% |
| Amounts payable | 17/49 | €14,376 | €19,000 | +€4,624 | +32.2% |
| Amounts payable within one year | 42/48 | €14,376 | €19,000 | +€4,624 | +32.2% |
| Trade debts | 44 | €2,063 | €763 | -€1,300 | -63.0% |
| Suppliers | 440/4 | €2,063 | €763 | -€1,300 | -63.0% |
| Taxes, remuneration and social security | 45 | €2,994 | €4,161 | +€1,167 | +39.0% |
| Taxes | 450/3 | €2,994 | €4,161 | +€1,167 | +39.0% |
| Other amounts payable | 47/48 | €9,320 | €14,076 | +€4,757 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,284 | €3,284 | -€0 | 0.0% |
| Other operating charges | 640/8 | €776 | €792 | +€16 | +2.1% |
| Gross operating margin | 9900 | -€5,078 | €4,825 | +€9,903 | |
| Operating profit (loss) | 9901 | -€9,139 | €749 | +€9,887 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €174 | €179 | +€5 | +3.0% |
| Recurring financial charges | 65 | €174 | €179 | +€5 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,312 | €570 | +€9,882 | |
| Profit (loss) for the period | 9904 | -€9,312 | €570 | +€9,882 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,312 | €570 | +€9,882 |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.