STUDIO H: 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.
STUDIO H
Largest movements
- Receivables within one year -€4,174
down €4,174 (-65.3%), from €6,389 to €2,214
of which Trade receivables: -€4,174
- Tangible fixed assets -€910
no longer reported in 2025 (was €910)
- Other debts -€5,768
down €5,768 (-75.6%), from €7,633 to €1,865
- Trade debts -€4,029
down €4,029 (-93.4%), from €4,315 to €286
- Tax, wage and social debts +€3,012
up €3,012 (+138%), from €2,177 to €5,188
- Profit (loss) carried forward +€1,735
up €1,735 (+630%), from €275 to €2,010
- Gross operating margin -€2,387
down €2,387 (-45.1%), from €5,294 to €2,907
- Other operating charges -€1,035
no longer reported in 2025 (was €1,035)
- Depreciation +€218
up €218 (+31.6%), from €691 to €910
- Financial charges -€140
down €140 (-34.8%), from €403 to €262
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 | €14,400 | €9,350 | -€5,050 | -35.1% |
| Fixed assets | 21/28 | €910 | - | -€910 | |
| Tangible fixed assets | 22/27 | €910 | - | -€910 | |
| Other tangible fixed assets | 26 | €910 | - | -€910 | |
| Current assets | 29/58 | €13,490 | €9,350 | -€4,140 | -30.7% |
| Stocks and contracts in progress | 3 | €654 | €654 | = | 0.0% |
| Stocks | 30/36 | €654 | €654 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,389 | €2,214 | -€4,174 | -65.3% |
| Trade receivables | 40 | €4,174 | - | -€4,174 | |
| Other amounts receivable | 41 | €2,214 | €2,214 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,720 | €5,754 | +€34 | +0.6% |
| Deferred charges and accrued income | 490/1 | €728 | €728 | = | 0.0% |
| Total equity and liabilities | 10/49 | €14,400 | €9,350 | -€5,050 | -35.1% |
| Equity | 10/15 | €275 | €2,010 | +€1,735 | +630% |
| Profit (loss) carried forward | 14 | €275 | €2,010 | +€1,735 | +630% |
| Amounts payable | 17/49 | €14,125 | €7,340 | -€6,785 | -48.0% |
| Amounts payable within one year | 42/48 | €14,125 | €7,340 | -€6,785 | -48.0% |
| Trade debts | 44 | €4,315 | €286 | -€4,029 | -93.4% |
| Suppliers | 440/4 | €4,315 | €286 | -€4,029 | -93.4% |
| Taxes, remuneration and social security | 45 | €2,177 | €5,188 | +€3,012 | +138% |
| Taxes | 450/3 | €2,177 | €5,188 | +€3,012 | +138% |
| Other amounts payable | 47/48 | €7,633 | €1,865 | -€5,768 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €910 | +€218 | +31.6% |
| Other operating charges | 640/8 | €1,035 | - | -€1,035 | |
| Gross operating margin | 9900 | €5,294 | €2,907 | -€2,387 | -45.1% |
| Operating profit (loss) | 9901 | €3,568 | €1,997 | -€1,570 | -44.0% |
| Financial charges | 65/66B | €403 | €262 | -€140 | -34.8% |
| Recurring financial charges | 65 | €403 | €262 | -€140 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €3,165 | €1,735 | -€1,430 | -45.2% |
| Profit (loss) for the period | 9904 | €3,165 | €1,735 | -€1,430 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,165 | €1,735 | -€1,430 | -45.2% |
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 24 October 2026 via checked.be.