Studyo: 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.
Studyo
Largest movements
- Receivables within one year -€6,013
down €6,013 (-73.7%), from €8,159 to €2,146
of which Trade receivables: -€8,159
- Cash -€3,368
down €3,368 (-14.5%), from €23,289 to €19,921
mainly Tax, wage and social debts (-€10,814) and Other debts (-€2,780)
- Deferred charges and accrued income -€2,405
no longer reported in 2025 (was €2,405)
- Intangible fixed assets +€1,551
new in 2025: €1,551
- Tangible fixed assets -€1,317
down €1,317 (-56.6%), from €2,329 to €1,012
- Tax, wage and social debts -€10,814
down €10,814 (-81.0%), from €13,352 to €2,538
- Other debts -€2,780
no longer reported in 2025 (was €2,780)
- Profit (loss) carried forward +€1,032
up €1,032 (+5.5%), from €18,938 to €19,970
- Trade debts +€1,010
up €1,010 (+897.7%), from €112 to €1,122
- Gross operating margin -€23,075
down €23,075 (-87.9%), from €26,240 to €3,165
- Taxes -€5,831
down €5,831 (-90.5%), from €6,446 to €615
- Depreciation +€955
up €955 (+22475.5%), from €4 to €959
- Other operating charges -€374
down €374 (-44.5%), from €839 to €465
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,183 | €24,631 | -€11,552 | -31.9% |
| Fixed assets | 21/28 | €2,329 | €2,563 | +€234 | +10.0% |
| Intangible fixed assets | 21 | - | €1,551 | +€1,551 | |
| Tangible fixed assets | 22/27 | €2,329 | €1,012 | -€1,317 | -56.6% |
| Furniture and vehicles | 24 | €2,329 | €1,012 | -€1,317 | -56.6% |
| Current assets | 29/58 | €33,854 | €22,068 | -€11,786 | -34.8% |
| Amounts receivable within one year | 40/41 | €8,159 | €2,146 | -€6,013 | -73.7% |
| Trade receivables | 40 | €8,159 | - | -€8,159 | |
| Other amounts receivable | 41 | - | €2,146 | +€2,146 | |
| Cash at bank and in hand | 54/58 | €23,289 | €19,921 | -€3,368 | -14.5% |
| Deferred charges and accrued income | 490/1 | €2,405 | - | -€2,405 | |
| Total equity and liabilities | 10/49 | €36,183 | €24,631 | -€11,552 | -31.9% |
| Equity | 10/15 | €19,938 | €20,970 | +€1,032 | +5.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,938 | €19,970 | +€1,032 | +5.5% |
| Amounts payable | 17/49 | €16,245 | €3,661 | -€12,584 | -77.5% |
| Amounts payable within one year | 42/48 | €16,245 | €3,661 | -€12,584 | -77.5% |
| Trade debts | 44 | €112 | €1,122 | +€1,010 | +897.7% |
| Suppliers | 440/4 | €112 | €1,122 | +€1,010 | +897.7% |
| Taxes, remuneration and social security | 45 | €13,352 | €2,538 | -€10,814 | -81.0% |
| Taxes | 450/3 | €13,352 | €2,538 | -€10,814 | -81.0% |
| Other amounts payable | 47/48 | €2,780 | - | -€2,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €959 | +€955 | +22475.5% |
| Other operating charges | 640/8 | €839 | €465 | -€374 | -44.5% |
| Gross operating margin | 9900 | €26,240 | €3,165 | -€23,075 | -87.9% |
| Operating profit (loss) | 9901 | €25,397 | €1,740 | -€23,657 | -93.1% |
| Financial charges | 65/66B | €13 | €93 | +€80 | +608.5% |
| Recurring financial charges | 65 | €13 | €93 | +€80 | +608.5% |
| Profit (loss) for the period before taxes | 9903 | €25,384 | €1,647 | -€23,737 | -93.5% |
| Income taxes | 67/77 | €6,446 | €615 | -€5,831 | -90.5% |
| Profit (loss) for the period | 9904 | €18,938 | €1,032 | -€17,906 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,938 | €1,032 | -€17,906 | -94.5% |
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 7 October 2026 via checked.be.