TD 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.
TD STUDIO
Largest movements
- Tangible fixed assets -€3,647
down €3,647 (-65.2%), from €5,591 to €1,944
- Receivables within one year -€946
down €946 (-15.3%), from €6,188 to €5,242
of which Other amounts receivable: -€691
- Profit (loss) carried forward -€12,315
down €12,315 (-16.9%), from -€73,078 to -€85,393
- Trade debts +€9,599
up €9,599 (+329.8%), from €2,911 to €12,510
- Other debts -€8,604
down €8,604 (-8.9%), from €96,391 to €87,787
- Short-term financial debts +€6,764
new in 2025: €6,764
- Gross operating margin -€5,650
down €5,650 (-1346.4%), from -€420 to -€6,069
- Other operating charges +€1,294
up €1,294 (+596.4%), from €217 to €1,511
- Financial charges +€638
up €638 (+271.3%), from €235 to €873
- Depreciation -€151
down €151 (-4.0%), from €3,798 to €3,647
- Taxes +€77
up €77 (+56.1%), from €138 to €215
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 | €48,641 | €44,060 | -€4,580 | -9.4% |
| Fixed assets | 21/28 | €5,591 | €1,944 | -€3,647 | -65.2% |
| Tangible fixed assets | 22/27 | €5,591 | €1,944 | -€3,647 | -65.2% |
| Furniture and vehicles | 24 | €5,591 | €1,944 | -€3,647 | -65.2% |
| Current assets | 29/58 | €43,049 | €42,116 | -€933 | -2.2% |
| Stocks and contracts in progress | 3 | €36,810 | €36,810 | = | 0.0% |
| Stocks | 30/36 | €36,810 | €36,810 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,188 | €5,242 | -€946 | -15.3% |
| Trade receivables | 40 | €2,444 | €2,190 | -€255 | -10.4% |
| Other amounts receivable | 41 | €3,743 | €3,052 | -€691 | -18.5% |
| Cash at bank and in hand | 54/58 | €6 | €0 | -€6 | -100.0% |
| Deferred charges and accrued income | 490/1 | €45 | €64 | +€19 | +41.6% |
| Total equity and liabilities | 10/49 | €48,641 | €44,060 | -€4,580 | -9.4% |
| Equity | 10/15 | -€53,593 | -€65,908 | -€12,315 | -23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €885 | €885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €885 | €885 | = | 0.0% |
| Reserves not available under the articles | 1311 | €885 | €885 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,078 | -€85,393 | -€12,315 | -16.9% |
| Amounts payable | 17/49 | €102,233 | €109,968 | +€7,735 | +7.6% |
| Amounts payable within one year | 42/48 | €102,233 | €109,968 | +€7,735 | +7.6% |
| Financial debts | 43 | - | €6,764 | +€6,764 | |
| Credit institutions | 430/8 | - | €6,764 | +€6,764 | |
| Trade debts | 44 | €2,911 | €12,510 | +€9,599 | +329.8% |
| Suppliers | 440/4 | €2,911 | €12,510 | +€9,599 | +329.8% |
| Taxes, remuneration and social security | 45 | €2,931 | €2,908 | -€23 | -0.8% |
| Taxes | 450/3 | €2,931 | €2,908 | -€23 | -0.8% |
| Other amounts payable | 47/48 | €96,391 | €87,787 | -€8,604 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,798 | €3,647 | -€151 | -4.0% |
| Other operating charges | 640/8 | €217 | €1,511 | +€1,294 | +596.4% |
| Gross operating margin | 9900 | -€420 | -€6,069 | -€5,650 | -1346.4% |
| Operating profit (loss) | 9901 | -€4,435 | -€11,228 | -€6,793 | -153.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €235 | €873 | +€638 | +271.3% |
| Recurring financial charges | 65 | €235 | €873 | +€638 | +271.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,670 | -€12,101 | -€7,431 | -159.1% |
| Income taxes | 67/77 | €138 | €215 | +€77 | +56.1% |
| Profit (loss) for the period | 9904 | -€4,808 | -€12,315 | -€7,508 | -156.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,808 | -€12,315 | -€7,508 | -156.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.