STUDIO WICK: 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 WICK
Largest movements
- Receivables within one year +€79,002
up €79,002 (+57.4%), from €137,654 to €216,656
of which Trade receivables: +€78,222
- Tangible fixed assets -€26,834
down €26,834 (-16.8%), from €160,169 to €133,335
of which Plant, machinery and equipment: -€39,129
- Stocks and contracts +€18,108
up €18,108 (+218%), from €8,313 to €26,420
- Cash -€9,468
down €9,468 (-25.5%), from €37,138 to €27,670
mainly Receivables within one year (-€79,002) and Investment in fixed assets (net) (-€48,588)
- Short-term financial debts +€75,000
new in 2025: €75,000
- Trade debts +€48,994
up €48,994 (+67.6%), from €72,470 to €121,464
- Debts after one year -€43,415
down €43,415 (-47.6%), from €91,277 to €47,861
- Tax, wage and social debts -€23,905
down €23,905 (-57.8%), from €41,337 to €17,432
of which Taxes: -€16,961
- Other debts -€16,616
down €16,616 (-60.3%), from €27,552 to €10,936
- Gross operating margin -€14,727
down €14,727 (-5.2%), from €281,487 to €266,760
- Taxes -€6,923
down €6,923 (-65.2%), from €10,620 to €3,697
- Depreciation +€4,705
up €4,705 (+6.7%), from €70,718 to €75,422
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 | €349,714 | €412,312 | +€62,599 | +17.9% |
| Fixed assets | 21/28 | €160,669 | €133,835 | -€26,834 | -16.7% |
| Tangible fixed assets | 22/27 | €160,169 | €133,335 | -€26,834 | -16.8% |
| Plant, machinery and equipment | 23 | €122,022 | €82,892 | -€39,129 | -32.1% |
| Furniture and vehicles | 24 | €38,147 | €50,442 | +€12,295 | +32.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €189,045 | €278,478 | +€89,433 | +47.3% |
| Stocks and contracts in progress | 3 | €8,313 | €26,420 | +€18,108 | +218% |
| Stocks | 30/36 | €8,313 | €26,420 | +€18,108 | +218% |
| Amounts receivable within one year | 40/41 | €137,654 | €216,656 | +€79,002 | +57.4% |
| Trade receivables | 40 | €137,654 | €215,877 | +€78,222 | +56.8% |
| Other amounts receivable | 41 | €0 | €779 | +€779 | |
| Cash at bank and in hand | 54/58 | €37,138 | €27,670 | -€9,468 | -25.5% |
| Deferred charges and accrued income | 490/1 | €5,940 | €7,732 | +€1,792 | +30.2% |
| Total equity and liabilities | 10/49 | €349,714 | €412,312 | +€62,599 | +17.9% |
| Equity | 10/15 | €59,378 | €69,782 | +€10,404 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,778 | €51,182 | +€10,404 | +25.5% |
| Amounts payable | 17/49 | €290,336 | €342,531 | +€52,195 | +18.0% |
| Amounts payable after more than one year | 17 | €91,277 | €47,861 | -€43,415 | -47.6% |
| Financial debts | 170/4 | €91,277 | €47,861 | -€43,415 | -47.6% |
| Amounts payable within one year | 42/48 | €199,059 | €294,583 | +€95,523 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €57,701 | €65,269 | +€7,568 | +13.1% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €72,470 | €121,464 | +€48,994 | +67.6% |
| Suppliers | 440/4 | €72,470 | €121,464 | +€48,994 | +67.6% |
| Advances received on contracts in progress | 46 | - | €4,482 | +€4,482 | |
| Taxes, remuneration and social security | 45 | €41,337 | €17,432 | -€23,905 | -57.8% |
| Taxes | 450/3 | €23,435 | €6,474 | -€16,961 | -72.4% |
| Remuneration and social security | 454/9 | €17,901 | €10,958 | -€6,944 | -38.8% |
| Other amounts payable | 47/48 | €27,552 | €10,936 | -€16,616 | -60.3% |
| Accrued charges and deferred income | 492/3 | - | €87 | +€87 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €164,637 | €167,053 | +€2,415 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,718 | €75,422 | +€4,705 | +6.7% |
| Other operating charges | 640/8 | €7,089 | €7,096 | +€8 | +0.1% |
| Gross operating margin | 9900 | €281,487 | €266,760 | -€14,727 | -5.2% |
| Operating profit (loss) | 9901 | €39,043 | €17,189 | -€21,854 | -56.0% |
| Financial income | 75/76B | €72 | €315 | +€243 | +338% |
| Recurring financial income | 75 | €72 | €315 | +€243 | +338% |
| Financial charges | 65/66B | €4,288 | €3,403 | -€884 | -20.6% |
| Recurring financial charges | 65 | €4,288 | €3,403 | -€884 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €34,827 | €14,101 | -€20,727 | -59.5% |
| Income taxes | 67/77 | €10,620 | €3,697 | -€6,923 | -65.2% |
| Profit (loss) for the period | 9904 | €24,207 | €10,404 | -€13,804 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,207 | €10,404 | -€13,804 | -57.0% |
Source: filed annual accounts (NBB), financial years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.