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STUDIO MT: 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.

What changed

STUDIO MT

BE 0896.788.160
NACE 46.500, Wholesale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€24,875
2024 · -€1,564+€26,439
Equity
€38,407
2024 · €19,032+€19,375
Cash
€9,400
2024 · €11,755-€2,355
Balance sheet total
€85,506
2024 · €48,423+€37,083

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€40,250

    up €40,250 (+148%), from €27,250 to €67,500

    of which Furniture and vehicles: +€35,353

  • Receivables within one year -€3,274

    down €3,274 (-58.6%), from €5,590 to €2,315

    of which Trade receivables: -€3,274

  • Cash -€2,355

    down €2,355 (-20.0%), from €11,755 to €9,400

    mainly Investment in fixed assets (net) (-€48,852) and Contributions, distributions and other (-€5,500)

  • Deferred charges and accrued income +€2,207

    up €2,207 (+73.0%), from €3,025 to €5,231

Equity and liabilities
  • Debts after one year +€23,033

    up €23,033 (+618%), from €3,726 to €26,759

  • Profit (loss) carried forward +€9,875

    up €9,875, from -€9,528 to €347

  • Reserves +€9,500

    up €9,500 (+42.5%), from €22,360 to €31,860

    of which Distributable reserves: +€9,500

  • Other debts -€5,500

    down €5,500 (-47.0%), from €11,713 to €6,213

  • Tax, wage and social debts +€2,911

    up €2,911 (+533%), from €546 to €3,458

Income statement
  • Gross operating margin +€27,014

    up €27,014 (+149%), from €18,157 to €45,171

  • Taxes +€8,984

    new in 2025: €8,984

  • Depreciation -€8,331

    down €8,331 (-49.2%), from €16,934 to €8,602

  • Other operating charges -€841

    down €841 (-85.1%), from €988 to €147

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€1,564
Gross operating margin +€27,014
Staff costs -€288
Depreciation +€8,331
Other operating charges +€841
Financial income -€102
Financial charges -€374
Taxes -€8,984
Result 2025 €24,875
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€31,564
Investment -€48,852
Financing +€14,933
Cash 2024 €11,755
Net result for the year +€24,875
Depreciation +€8,602
Stocks and contracts -€256
Receivables within one year +€3,274
Deferred charges and accrued income -€2,207
Trade debts -€136
Tax, wage and social debts +€2,911
Other debts -€5,500
Investment in fixed assets (net) -€48,852
Debts after one year +€23,033
Current portion of long-term debt -€2,601
Contributions, distributions and other -€5,500
Cash 2025 €9,400
brings cash intakes cash out
Every line side by side 45 lines
Line Code 2024 2025 Change %
Total assets 20/58 €48,423 €85,506 +€37,083 +76.6%
Fixed assets 21/28 €27,250 €67,500 +€40,250 +148%
Tangible fixed assets 22/27 €27,250 €67,500 +€40,250 +148%
Plant, machinery and equipment 23 - €1,219 +€1,219
Furniture and vehicles 24 €21,446 €56,798 +€35,353 +165%
Other tangible fixed assets 26 €5,804 €9,482 +€3,679 +63.4%
Current assets 29/58 €21,173 €18,007 -€3,167 -15.0%
Stocks and contracts in progress 3 €804 €1,060 +€256 +31.8%
Stocks 30/36 €804 €1,060 +€256 +31.8%
Amounts receivable within one year 40/41 €5,590 €2,315 -€3,274 -58.6%
Trade receivables 40 €5,590 €2,315 -€3,274 -58.6%
Other amounts receivable 41 €0 - =
Cash at bank and in hand 54/58 €11,755 €9,400 -€2,355 -20.0%
Deferred charges and accrued income 490/1 €3,025 €5,231 +€2,207 +73.0%
Total equity and liabilities 10/49 €48,423 €85,506 +€37,083 +76.6%
Equity 10/15 €19,032 €38,407 +€19,375 +102%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €22,360 €31,860 +€9,500 +42.5%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Distributable reserves 133 €20,500 €30,000 +€9,500 +46.3%
Profit (loss) carried forward 14 -€9,528 €347 +€9,875
Amounts payable 17/49 €29,392 €47,100 +€17,708 +60.2%
Amounts payable after more than one year 17 €3,726 €26,759 +€23,033 +618%
Financial debts 170/4 €3,726 €26,759 +€23,033 +618%
Amounts payable within one year 42/48 €25,666 €20,341 -€5,325 -20.7%
Current portion of amounts payable after more than one year 42 €9,219 €6,618 -€2,601 -28.2%
Trade debts 44 €4,188 €4,052 -€136 -3.2%
Suppliers 440/4 €4,188 €4,052 -€136 -3.2%
Taxes, remuneration and social security 45 €546 €3,458 +€2,911 +533%
Taxes 450/3 €546 €3,458 +€2,911 +533%
Other amounts payable 47/48 €11,713 €6,213 -€5,500 -47.0%
Remuneration, social security and pensions 62 €1,349 €1,637 +€288 +21.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €16,934 €8,602 -€8,331 -49.2%
Other operating charges 640/8 €988 €147 -€841 -85.1%
Gross operating margin 9900 €18,157 €45,171 +€27,014 +149%
Operating profit (loss) 9901 -€1,113 €34,785 +€35,899
Financial income 75/76B €103 €2 -€102 -98.3%
Recurring financial income 75 €103 €2 -€102 -98.3%
Financial charges 65/66B €554 €928 +€374 +67.6%
Recurring financial charges 65 €554 €928 +€374 +67.6%
Profit (loss) for the period before taxes 9903 -€1,564 €33,859 +€35,423
Income taxes 67/77 - €8,984 +€8,984
Profit (loss) for the period 9904 -€1,564 €24,875 +€26,439
Profit (loss) for the period to be appropriated 9905 -€1,564 €24,875 +€26,439

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 28 October 2026 via checked.be.