Studio Wolf: 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 Wolf
Largest movements
- Receivables within one year +€3,802
up €3,802 (+21.1%), from €18,054 to €21,856
of which Other amounts receivable: +€2,846
- Deferred charges and accrued income +€2,791
up €2,791 (+182.8%), from €1,527 to €4,318
- Cash +€625
up €625 (+3.8%), from €16,241 to €16,865
mainly Net result for the year (+€4,926) and Trade debts (+€2,861)
- Reserves +€4,926
up €4,926 (+24.6%), from €20,020 to €24,946
- Trade debts +€2,861
up €2,861 (+40.6%), from €7,046 to €9,907
- Tax, wage and social debts -€879
down €879 (-18.8%), from €4,672 to €3,793
- Gross operating margin -€22,732
down €22,732 (-83.7%), from €27,146 to €4,414
- Taxes -€8,673
down €8,673, from €6,349 to -€2,324
- Financial income -€728
down €728 (-100.0%), from €728 to €0
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.
Cash bridge derived
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 | €36,738 | €43,646 | +€6,908 | +18.8% |
| Fixed assets | 21/28 | €917 | €607 | -€310 | -33.8% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100.0% |
| Tangible fixed assets | 22/27 | €917 | €607 | -€310 | -33.8% |
| Plant, machinery and equipment | 23 | €85 | €65 | -€20 | -23.5% |
| Furniture and vehicles | 24 | €832 | €542 | -€290 | -34.9% |
| Current assets | 29/58 | €35,821 | €43,039 | +€7,218 | +20.2% |
| Amounts receivable within one year | 40/41 | €18,054 | €21,856 | +€3,802 | +21.1% |
| Trade receivables | 40 | €997 | €1,953 | +€957 | +96.0% |
| Other amounts receivable | 41 | €17,057 | €19,903 | +€2,846 | +16.7% |
| Cash at bank and in hand | 54/58 | €16,241 | €16,865 | +€625 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,527 | €4,318 | +€2,791 | +182.8% |
| Total equity and liabilities | 10/49 | €36,738 | €43,646 | +€6,908 | +18.8% |
| Equity | 10/15 | €25,020 | €29,946 | +€4,926 | +19.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,020 | €24,946 | +€4,926 | +24.6% |
| Distributable reserves | 133 | €20,020 | €24,946 | +€4,926 | +24.6% |
| Amounts payable | 17/49 | €11,718 | €13,700 | +€1,982 | +16.9% |
| Amounts payable within one year | 42/48 | €11,718 | €13,700 | +€1,982 | +16.9% |
| Trade debts | 44 | €7,046 | €9,907 | +€2,861 | +40.6% |
| Suppliers | 440/4 | €7,046 | €9,907 | +€2,861 | +40.6% |
| Taxes, remuneration and social security | 45 | €4,672 | €3,793 | -€879 | -18.8% |
| Taxes | 450/3 | €4,672 | €3,793 | -€879 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €310 | +€77 | +32.8% |
| Other operating charges | 640/8 | €1,211 | €1,413 | +€201 | +16.6% |
| Gross operating margin | 9900 | €27,146 | €4,414 | -€22,732 | -83.7% |
| Operating profit (loss) | 9901 | €25,701 | €2,691 | -€23,010 | -89.5% |
| Financial income | 75/76B | €728 | €0 | -€728 | -100.0% |
| Recurring financial income | 75 | €728 | €0 | -€728 | -100.0% |
| Financial charges | 65/66B | €59 | €89 | +€30 | +50.6% |
| Recurring financial charges | 65 | €59 | €89 | +€30 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €26,369 | €2,602 | -€23,767 | -90.1% |
| Income taxes | 67/77 | €6,349 | -€2,324 | -€8,673 | |
| Profit (loss) for the period | 9904 | €20,020 | €4,926 | -€15,094 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,020 | €4,926 | -€15,094 | -75.4% |
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 9 October 2026 via checked.be.