WALKING THE DOG STUDIO: 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.
WALKING THE DOG STUDIO
Largest movements
- Receivables within one year -€732,989
down €732,989 (-48.9%), from €1.5m to €765,088
of which Trade receivables: -€779,003
- Trade debts -€606,032
down €606,032 (-63.9%), from €948,813 to €342,781
- Tax, wage and social debts -€136,243
down €136,243 (-87.7%), from €155,319 to €19,076
- Gross operating margin -€50,691
down €50,691 (-66.6%), from €76,067 to €25,376
- Other operating charges -€11,208
down €11,208 (-94.8%), from €11,825 to €617
- Taxes -€11,120
down €11,120 (-73.7%), from €15,098 to €3,978
- Financial charges +€3,047
up €3,047 (+97.8%), from €3,114 to €6,161
- Depreciation +€1,460
up €1,460 (+66.1%), from €2,208 to €3,668
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 | €1,513,915 | €782,267 | -€731,648 | -48.3% |
| Fixed assets | 21/28 | €15,618 | €11,950 | -€3,668 | -23.5% |
| Tangible fixed assets | 22/27 | €15,618 | €11,950 | -€3,668 | -23.5% |
| Furniture and vehicles | 24 | €15,618 | €11,950 | -€3,668 | -23.5% |
| Current assets | 29/58 | €1,498,297 | €770,317 | -€727,980 | -48.6% |
| Amounts receivable within one year | 40/41 | €1,498,078 | €765,088 | -€732,989 | -48.9% |
| Trade receivables | 40 | €800,078 | €21,075 | -€779,003 | -97.4% |
| Other amounts receivable | 41 | €698,000 | €744,014 | +€46,014 | +6.6% |
| Cash at bank and in hand | 54/58 | €219 | €5,195 | +€4,976 | +2,268% |
| Deferred charges and accrued income | 490/1 | - | €34 | +€34 | |
| Total equity and liabilities | 10/49 | €1,513,915 | €782,267 | -€731,648 | -48.3% |
| Equity | 10/15 | €328,271 | €339,223 | +€10,952 | +3.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,271 | €334,223 | +€10,952 | +3.4% |
| Amounts payable | 17/49 | €1,185,644 | €443,044 | -€742,600 | -62.6% |
| Amounts payable within one year | 42/48 | €1,185,644 | €443,044 | -€742,600 | -62.6% |
| Financial debts | 43 | - | €566 | +€566 | |
| Credit institutions | 430/8 | - | €566 | +€566 | |
| Trade debts | 44 | €948,813 | €342,781 | -€606,032 | -63.9% |
| Suppliers | 440/4 | €948,813 | €342,781 | -€606,032 | -63.9% |
| Taxes, remuneration and social security | 45 | €155,319 | €19,076 | -€136,243 | -87.7% |
| Taxes | 450/3 | €155,319 | €19,076 | -€136,243 | -87.7% |
| Other amounts payable | 47/48 | €81,513 | €80,623 | -€890 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,208 | €3,668 | +€1,460 | +66.1% |
| Other operating charges | 640/8 | €11,825 | €617 | -€11,208 | -94.8% |
| Gross operating margin | 9900 | €76,067 | €25,376 | -€50,691 | -66.6% |
| Operating profit (loss) | 9901 | €62,035 | €21,091 | -€40,943 | -66.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -95.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -95.8% |
| Financial charges | 65/66B | €3,114 | €6,161 | +€3,047 | +97.8% |
| Recurring financial charges | 65 | €3,114 | €6,161 | +€3,047 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €58,922 | €14,930 | -€43,992 | -74.7% |
| Income taxes | 67/77 | €15,098 | €3,978 | -€11,120 | -73.7% |
| Profit (loss) for the period | 9904 | €43,824 | €10,952 | -€32,872 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,824 | €10,952 | -€32,872 | -75.0% |
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 30 October 2026 via checked.be.