SUBSCRIPTION STUDIO: 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.
SUBSCRIPTION STUDIO
Largest movements
- Receivables within one year -€41,949
down €41,949 (-99.8%), from €42,034 to €85
of which Trade receivables: -€42,005
- Cash +€13,095
up €13,095 (+100.1%), from €13,087 to €26,182
mainly Receivables within one year (+€41,949) and Depreciation (+€6,547)
- Intangible fixed assets -€6,547
down €6,547 (-48.5%), from €13,485 to €6,938
- Profit (loss) carried forward -€31,850
down €31,850, from €20,519 to -€11,331
- Tax, wage and social debts -€6,612
down €6,612 (-53.3%), from €12,406 to €5,794
- Other debts +€2,447
up €2,447 (+7.2%), from €33,778 to €36,225
- Gross operating margin -€57,324
down €57,324, from €34,601 to -€22,723
- Taxes -€5,134
down €5,134 (-100.0%), from €5,134 to €0
- Depreciation +€392
up €392 (+6.4%), from €6,155 to €6,547
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 | €68,607 | €33,206 | -€35,401 | -51.6% |
| Fixed assets | 21/28 | €13,485 | €6,938 | -€6,547 | -48.5% |
| Intangible fixed assets | 21 | €13,485 | €6,938 | -€6,547 | -48.5% |
| Current assets | 29/58 | €55,122 | €26,267 | -€28,854 | -52.3% |
| Amounts receivable within one year | 40/41 | €42,034 | €85 | -€41,949 | -99.8% |
| Trade receivables | 40 | €42,005 | €0 | -€42,005 | -100.0% |
| Other amounts receivable | 41 | €30 | €85 | +€55 | +186.9% |
| Cash at bank and in hand | 54/58 | €13,087 | €26,182 | +€13,095 | +100.1% |
| Total equity and liabilities | 10/49 | €68,607 | €33,206 | -€35,401 | -51.6% |
| Equity | 10/15 | €20,519 | -€11,331 | -€31,850 | |
| Profit (loss) carried forward | 14 | €20,519 | -€11,331 | -€31,850 | |
| Amounts payable | 17/49 | €48,087 | €44,537 | -€3,551 | -7.4% |
| Amounts payable within one year | 42/48 | €48,087 | €44,537 | -€3,551 | -7.4% |
| Trade debts | 44 | €1,903 | €2,517 | +€614 | +32.3% |
| Suppliers | 440/4 | €1,903 | €2,517 | +€614 | +32.3% |
| Taxes, remuneration and social security | 45 | €12,406 | €5,794 | -€6,612 | -53.3% |
| Taxes | 450/3 | €12,406 | €5,794 | -€6,612 | -53.3% |
| Other amounts payable | 47/48 | €33,778 | €36,225 | +€2,447 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,155 | €6,547 | +€392 | +6.4% |
| Other operating charges | 640/8 | - | €48 | +€48 | |
| Gross operating margin | 9900 | €34,601 | -€22,723 | -€57,324 | |
| Operating profit (loss) | 9901 | €28,446 | -€29,318 | -€57,764 | |
| Financial charges | 65/66B | €2,793 | €2,533 | -€261 | -9.3% |
| Recurring financial charges | 65 | €2,793 | €2,533 | -€261 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €25,653 | -€31,850 | -€57,503 | |
| Income taxes | 67/77 | €5,134 | €0 | -€5,134 | -100.0% |
| Profit (loss) for the period | 9904 | €20,519 | -€31,850 | -€52,370 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,519 | -€31,850 | -€52,370 |
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 8 October 2026 via checked.be.