WM 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.
WM Studio
Largest movements
- Cash +€169,193
up €169,193 (+118.6%), from €142,664 to €311,857
mainly Receivables within one year (+€168,705) and Trade debts (+€49,697)
- Receivables within one year -€168,705
down €168,705 (-61.3%), from €275,282 to €106,577
- Tax, wage and social debts -€61,679
down €61,679 (-95.4%), from €64,638 to €2,959
- Trade debts +€49,697
up €49,697 (+105.2%), from €47,258 to €96,955
- Profit (loss) carried forward +€10,200
up €10,200 (+3.8%), from €270,428 to €280,628
- Gross operating margin -€179,470
down €179,470 (-91.6%), from €195,837 to €16,367
- Taxes -€40,744
down €40,744 (-93.8%), from €43,440 to €2,696
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 | €422,990 | €421,208 | -€1,782 | -0.4% |
| Fixed assets | 21/28 | €5,044 | €2,774 | -€2,270 | -45.0% |
| Tangible fixed assets | 22/27 | €5,044 | €2,774 | -€2,270 | -45.0% |
| Plant, machinery and equipment | 23 | €5,044 | €2,774 | -€2,270 | -45.0% |
| Current assets | 29/58 | €417,946 | €418,434 | +€488 | +0.1% |
| Amounts receivable within one year | 40/41 | €275,282 | €106,577 | -€168,705 | -61.3% |
| Trade receivables | 40 | €275,282 | €106,577 | -€168,705 | -61.3% |
| Cash at bank and in hand | 54/58 | €142,664 | €311,857 | +€169,193 | +118.6% |
| Total equity and liabilities | 10/49 | €422,990 | €421,208 | -€1,782 | -0.4% |
| Equity | 10/15 | €310,428 | €320,628 | +€10,200 | +3.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,428 | €280,628 | +€10,200 | +3.8% |
| Amounts payable | 17/49 | €112,562 | €100,580 | -€11,982 | -10.6% |
| Amounts payable within one year | 42/48 | €112,562 | €100,580 | -€11,982 | -10.6% |
| Trade debts | 44 | €47,258 | €96,955 | +€49,697 | +105.2% |
| Suppliers | 440/4 | €47,258 | €96,955 | +€49,697 | +105.2% |
| Taxes, remuneration and social security | 45 | €64,638 | €2,959 | -€61,679 | -95.4% |
| Taxes | 450/3 | €64,638 | €2,959 | -€61,679 | -95.4% |
| Other amounts payable | 47/48 | €666 | €666 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €2,270 | +€967 | +74.2% |
| Other operating charges | 640/8 | €387 | €474 | +€87 | +22.5% |
| Gross operating margin | 9900 | €195,837 | €16,367 | -€179,470 | -91.6% |
| Operating profit (loss) | 9901 | €194,147 | €13,623 | -€180,524 | -93.0% |
| Financial income | 75/76B | €333 | €7 | -€326 | -97.9% |
| Recurring financial income | 75 | €333 | €7 | -€326 | -97.9% |
| Financial charges | 65/66B | €1,283 | €734 | -€549 | -42.8% |
| Recurring financial charges | 65 | €1,283 | €734 | -€549 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €193,197 | €12,896 | -€180,301 | -93.3% |
| Income taxes | 67/77 | €43,440 | €2,696 | -€40,744 | -93.8% |
| Profit (loss) for the period | 9904 | €149,757 | €10,200 | -€139,557 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €149,757 | €10,200 | -€139,557 | -93.2% |
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 10 October 2026 via checked.be.