we are The Studio: 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.
we are The Studio
Largest movements
- Receivables within one year -€161,144
down €161,144 (-60.4%), from €266,797 to €105,653
of which Other amounts receivable: -€114,978
- Tangible fixed assets -€143,094
down €143,094 (-14.8%), from €964,320 to €821,227
of which Land and buildings: -€142,790
- Profit (loss) carried forward -€217,269
down €217,269 (-77.7%), from €279,520 to €62,252
- Debts after one year -€80,470
down €80,470 (-10.9%), from €739,899 to €659,429
- Investment grants -€14,999
down €14,999 (-20.0%), from €74,993 to €59,994
- Tax, wage and social debts +€13,818
new in 2025: €13,818
- Other operating charges +€126,602
up €126,602 (+6,026%), from €2,101 to €128,703
- Depreciation +€56,080
up €56,080 (+54.6%), from €102,714 to €158,794
- Gross operating margin +€8,803
up €8,803 (+14.3%), from €61,348 to €70,151
- Financial charges -€2,863
down €2,863 (-16.1%), from €17,785 to €14,921
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 | €1,239,024 | €938,853 | -€300,171 | -24.2% |
| Fixed assets | 21/28 | €964,320 | €821,227 | -€143,094 | -14.8% |
| Tangible fixed assets | 22/27 | €964,320 | €821,227 | -€143,094 | -14.8% |
| Land and buildings | 22 | €964,017 | €821,227 | -€142,790 | -14.8% |
| Furniture and vehicles | 24 | €304 | €0 | -€304 | -100% |
| Current assets | 29/58 | €274,703 | €117,626 | -€157,077 | -57.2% |
| Amounts receivable within one year | 40/41 | €266,797 | €105,653 | -€161,144 | -60.4% |
| Trade receivables | 40 | €151,766 | €105,600 | -€46,166 | -30.4% |
| Other amounts receivable | 41 | €115,030 | €53 | -€114,978 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,680 | €11,973 | +€5,293 | +79.2% |
| Deferred charges and accrued income | 490/1 | €1,227 | €0 | -€1,227 | -100% |
| Total equity and liabilities | 10/49 | €1,239,024 | €938,853 | -€300,171 | -24.2% |
| Equity | 10/15 | €387,460 | €155,193 | -€232,267 | -59.9% |
| Contributions | 10/11 | €29,459 | €29,459 | = | 0.0% |
| Reserves | 13 | €3,489 | €3,489 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,489 | €3,489 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,489 | €3,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | €279,520 | €62,252 | -€217,269 | -77.7% |
| Investment grants | 15 | €74,993 | €59,994 | -€14,999 | -20.0% |
| Amounts payable | 17/49 | €851,564 | €783,660 | -€67,904 | -8.0% |
| Amounts payable after more than one year | 17 | €739,899 | €659,429 | -€80,470 | -10.9% |
| Financial debts | 170/4 | €739,899 | €659,429 | -€80,470 | -10.9% |
| Amounts payable within one year | 42/48 | €111,664 | €124,231 | +€12,567 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €80,635 | €81,673 | +€1,038 | +1.3% |
| Trade debts | 44 | €4,710 | €4,740 | +€30 | +0.6% |
| Suppliers | 440/4 | €4,710 | €4,740 | +€30 | +0.6% |
| Taxes, remuneration and social security | 45 | - | €13,818 | +€13,818 | |
| Taxes | 450/3 | - | €13,818 | +€13,818 | |
| Other amounts payable | 47/48 | €26,320 | €24,000 | -€2,320 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,714 | €158,794 | +€56,080 | +54.6% |
| Other operating charges | 640/8 | €2,101 | €128,703 | +€126,602 | +6,026% |
| Gross operating margin | 9900 | €61,348 | €70,151 | +€8,803 | +14.3% |
| Operating profit (loss) | 9901 | -€43,467 | -€217,346 | -€173,879 | -400% |
| Financial income | 75/76B | €14,999 | €14,999 | = | 0.0% |
| Recurring financial income | 75 | €14,999 | €14,999 | = | 0.0% |
| Financial charges | 65/66B | €17,785 | €14,921 | -€2,863 | -16.1% |
| Recurring financial charges | 65 | €17,785 | €14,921 | -€2,863 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,253 | -€217,269 | -€171,015 | -370% |
| Profit (loss) for the period | 9904 | -€46,253 | -€217,269 | -€171,015 | -370% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,253 | -€217,269 | -€171,015 | -370% |
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 29 October 2026 via checked.be.