Studio WeLo: what changed
Studio WeLo
Largest movements
- Receivables within one year +€10,943
up €10,943 (+62.6%), from €17,478 to €28,421
of which Trade receivables: +€9,443
- Cash -€8,204
down €8,204 (-56.0%), from €14,655 to €6,451
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€10,943)
- Tangible fixed assets -€7,757
down €7,757 (-100%), from €7,757 to €0
- Stocks and contracts +€4,111
new in 2025: €4,111
- Deferred charges and accrued income +€1,356
up €1,356 (+40.7%), from €3,334 to €4,690
- Reserves -€21,652
down €21,652 (-83.2%), from €26,029 to €4,378
- Other debts +€20,654
up €20,654 (+180%), from €11,448 to €32,102
- Trade debts +€1,998
up €1,998 (+33.5%), from €5,961 to €7,959
- Tax, wage and social debts -€1,170
down €1,170 (-21.6%), from €5,430 to €4,259
- Accrued charges and deferred income -€631
down €631 (-49.4%), from €1,277 to €646
- Gross operating margin -€12,189
down €12,189 (-43.2%), from €28,235 to €16,046
- Taxes -€2,049
down €2,049 (-52.3%), from €3,918 to €1,869
- Financial charges -€625
down €625 (-47.4%), from €1,320 to €695
- Depreciation -€596
down €596 (-6.2%), from €9,603 to €9,007
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,145 | €52,344 | -€801 | -1.5% |
| Fixed assets | 21/28 | €17,678 | €8,671 | -€9,007 | -50.9% |
| Intangible fixed assets | 21 | €9,921 | €8,671 | -€1,250 | -12.6% |
| Tangible fixed assets | 22/27 | €7,757 | €0 | -€7,757 | -100% |
| Furniture and vehicles | 24 | €7,757 | €0 | -€7,757 | -100% |
| Current assets | 29/58 | €35,467 | €43,673 | +€8,206 | +23.1% |
| Stocks and contracts in progress | 3 | - | €4,111 | +€4,111 | |
| Stocks | 30/36 | - | €4,111 | +€4,111 | |
| Amounts receivable within one year | 40/41 | €17,478 | €28,421 | +€10,943 | +62.6% |
| Trade receivables | 40 | €17,478 | €26,921 | +€9,443 | +54.0% |
| Other amounts receivable | 41 | €0 | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €14,655 | €6,451 | -€8,204 | -56.0% |
| Deferred charges and accrued income | 490/1 | €3,334 | €4,690 | +€1,356 | +40.7% |
| Total equity and liabilities | 10/49 | €53,145 | €52,344 | -€801 | -1.5% |
| Equity | 10/15 | €29,029 | €7,378 | -€21,652 | -74.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,029 | €4,378 | -€21,652 | -83.2% |
| Distributable reserves | 133 | €26,029 | €4,378 | -€21,652 | -83.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,116 | €44,966 | +€20,851 | +86.5% |
| Amounts payable within one year | 42/48 | €22,838 | €44,320 | +€21,482 | +94.1% |
| Trade debts | 44 | €5,961 | €7,959 | +€1,998 | +33.5% |
| Suppliers | 440/4 | €5,961 | €7,959 | +€1,998 | +33.5% |
| Taxes, remuneration and social security | 45 | €5,430 | €4,259 | -€1,170 | -21.6% |
| Taxes | 450/3 | €5,430 | €4,259 | -€1,170 | -21.6% |
| Other amounts payable | 47/48 | €11,448 | €32,102 | +€20,654 | +180% |
| Accrued charges and deferred income | 492/3 | €1,277 | €646 | -€631 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,603 | €9,007 | -€596 | -6.2% |
| Other operating charges | 640/8 | €1,015 | €1,131 | +€116 | +11.4% |
| Gross operating margin | 9900 | €28,235 | €16,046 | -€12,189 | -43.2% |
| Operating profit (loss) | 9901 | €17,617 | €5,907 | -€11,709 | -66.5% |
| Financial income | 75/76B | €10 | €5 | -€5 | -50.4% |
| Recurring financial income | 75 | €10 | €5 | -€5 | -50.4% |
| Financial charges | 65/66B | €1,320 | €695 | -€625 | -47.4% |
| Recurring financial charges | 65 | €1,320 | €695 | -€625 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €16,307 | €5,218 | -€11,089 | -68.0% |
| Income taxes | 67/77 | €3,918 | €1,869 | -€2,049 | -52.3% |
| Profit (loss) for the period | 9904 | €12,389 | €3,348 | -€9,041 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,389 | €3,348 | -€9,041 | -73.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.