The Studio Group: 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.
The Studio Group
Largest movements
- Receivables within one year -€3,181
down €3,181 (-3.4%), from €93,055 to €89,874
of which Trade receivables: -€1,785
- Profit (loss) carried forward -€15,716
down €15,716 (-44.4%), from €35,372 to €19,656
- Other debts +€15,000
up €15,000 (+58.2%), from €25,778 to €40,778
- Tax, wage and social debts -€2,960
no longer reported in 2025 (was €2,960)
- Gross operating margin -€8,934
down €8,934 (-191%), from -€4,671 to -€13,605
- Taxes -€2,735
down €2,735, from €1,995 to -€740
- Other operating charges +€917
up €917 (+524%), from €175 to €1,092
- Depreciation -€415
no longer reported in 2025 (was €415)
- Financial charges +€411
up €411 (+30.4%), from €1,349 to €1,759
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,055 | €89,874 | -€3,181 | -3.4% |
| Current assets | 29/58 | €93,055 | €89,874 | -€3,181 | -3.4% |
| Amounts receivable within one year | 40/41 | €93,055 | €89,874 | -€3,181 | -3.4% |
| Trade receivables | 40 | €19,624 | €17,839 | -€1,785 | -9.1% |
| Other amounts receivable | 41 | €73,431 | €72,035 | -€1,396 | -1.9% |
| Total equity and liabilities | 10/49 | €93,055 | €89,874 | -€3,181 | -3.4% |
| Equity | 10/15 | €45,372 | €29,656 | -€15,716 | -34.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,372 | €19,656 | -€15,716 | -44.4% |
| Amounts payable | 17/49 | €47,683 | €60,218 | +€12,535 | +26.3% |
| Amounts payable within one year | 42/48 | €47,683 | €60,218 | +€12,535 | +26.3% |
| Financial debts | 43 | €14,139 | €14,602 | +€464 | +3.3% |
| Credit institutions | 430/8 | €14,139 | €14,602 | +€464 | +3.3% |
| Trade debts | 44 | €4,807 | €4,838 | +€31 | +0.6% |
| Suppliers | 440/4 | €4,807 | €4,838 | +€31 | +0.6% |
| Taxes, remuneration and social security | 45 | €2,960 | - | -€2,960 | |
| Taxes | 450/3 | €2,960 | - | -€2,960 | |
| Other amounts payable | 47/48 | €25,778 | €40,778 | +€15,000 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | - | -€415 | |
| Other operating charges | 640/8 | €175 | €1,092 | +€917 | +524% |
| Gross operating margin | 9900 | -€4,671 | -€13,605 | -€8,934 | -191% |
| Operating profit (loss) | 9901 | -€5,261 | -€14,697 | -€9,436 | -179% |
| Financial charges | 65/66B | €1,349 | €1,759 | +€411 | +30.4% |
| Recurring financial charges | 65 | €1,349 | €1,759 | +€411 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,610 | -€16,456 | -€9,846 | -149% |
| Income taxes | 67/77 | €1,995 | -€740 | -€2,735 | |
| Profit (loss) for the period | 9904 | -€8,605 | -€15,716 | -€7,111 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,605 | -€15,716 | -€7,111 | -82.6% |
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 14 October 2026 via checked.be.