BrightWolves: 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.
BrightWolves
Largest movements
- Financial fixed assets +€555,000
up €555,000 (+189%), from €294,291 to €849,291
- Receivables after one year -€450,000
down €450,000 (-62.2%), from €723,622 to €273,622
- Cash -€309,652
down €309,652 (-85.7%), from €361,411 to €51,759
mainly Investment in fixed assets (net) (-€634,796) and Receivables within one year (-€293,493)
- Receivables within one year +€293,493
up €293,493 (+13.9%), from €2.1m to €2.4m
of which Trade receivables: +€401,783
- Tangible fixed assets -€124,299
down €124,299 (-29.2%), from €426,334 to €302,035
of which Other tangible fixed assets: -€69,791
- Short-term financial debts +€434,357
new in 2025: €434,357
- Reserves +€272,348
up €272,348 (+49.2%), from €553,776 to €826,124
- Accrued charges and deferred income -€197,463
down €197,463 (-44.5%), from €443,318 to €245,855
- Trade debts -€149,299
down €149,299 (-9.7%), from €1.5m to €1.4m
- Tax, wage and social debts -€116,512
down €116,512 (-15.7%), from €741,846 to €625,333
of which Taxes: -€67,897
- Gross operating margin +€69,460
up €69,460 (+1.7%), from €4.0m to €4.1m
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 | €4,064,699 | €4,105,241 | +€40,542 | +1.0% |
| Fixed assets | 21/28 | €725,741 | €1,218,537 | +€492,796 | +67.9% |
| Intangible fixed assets | 21 | €5,115 | €67,210 | +€62,095 | +1,214% |
| Tangible fixed assets | 22/27 | €426,334 | €302,035 | -€124,299 | -29.2% |
| Plant, machinery and equipment | 23 | €78,840 | €33,520 | -€45,320 | -57.5% |
| Furniture and vehicles | 24 | €70,566 | €61,379 | -€9,187 | -13.0% |
| Other tangible fixed assets | 26 | €276,928 | €207,136 | -€69,791 | -25.2% |
| Financial fixed assets | 28 | €294,291 | €849,291 | +€555,000 | +189% |
| Current assets | 29/58 | €3,338,959 | €2,886,704 | -€452,254 | -13.5% |
| Amounts receivable after more than one year | 29 | €723,622 | €273,622 | -€450,000 | -62.2% |
| Other amounts receivable | 291 | €723,622 | €273,622 | -€450,000 | -62.2% |
| Amounts receivable within one year | 40/41 | €2,112,561 | €2,406,053 | +€293,493 | +13.9% |
| Trade receivables | 40 | €1,976,613 | €2,378,395 | +€401,783 | +20.3% |
| Other amounts receivable | 41 | €135,948 | €27,658 | -€108,290 | -79.7% |
| Cash at bank and in hand | 54/58 | €361,411 | €51,759 | -€309,652 | -85.7% |
| Deferred charges and accrued income | 490/1 | €141,365 | €155,271 | +€13,905 | +9.8% |
| Total equity and liabilities | 10/49 | €4,064,699 | €4,105,241 | +€40,542 | +1.0% |
| Equity | 10/15 | €916,537 | €1,188,885 | +€272,348 | +29.7% |
| Contributions | 10/11 | €361,820 | €361,820 | = | 0.0% |
| Reserves | 13 | €553,776 | €826,124 | +€272,348 | +49.2% |
| Distributable reserves | 133 | €553,776 | €826,124 | +€272,348 | +49.2% |
| Profit (loss) carried forward | 14 | €941 | €941 | = | 0.0% |
| Amounts payable | 17/49 | €3,148,162 | €2,916,357 | -€231,806 | -7.4% |
| Amounts payable after more than one year | 17 | €210,458 | €102,219 | -€108,239 | -51.4% |
| Financial debts | 170/4 | €210,458 | €102,219 | -€108,239 | -51.4% |
| Amounts payable within one year | 42/48 | €2,494,387 | €2,568,283 | +€73,896 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €104,926 | €117,108 | +€12,182 | +11.6% |
| Financial debts | 43 | - | €434,357 | +€434,357 | |
| Credit institutions | 430/8 | - | €434,357 | +€434,357 | |
| Trade debts | 44 | €1,535,326 | €1,386,028 | -€149,299 | -9.7% |
| Suppliers | 440/4 | €1,535,326 | €1,386,028 | -€149,299 | -9.7% |
| Taxes, remuneration and social security | 45 | €741,846 | €625,333 | -€116,512 | -15.7% |
| Taxes | 450/3 | €262,030 | €194,133 | -€67,897 | -25.9% |
| Remuneration and social security | 454/9 | €479,815 | €431,200 | -€48,615 | -10.1% |
| Other amounts payable | 47/48 | €112,288 | €5,456 | -€106,832 | -95.1% |
| Accrued charges and deferred income | 492/3 | €443,318 | €245,855 | -€197,463 | -44.5% |
| Remuneration, social security and pensions | 62 | €3,364,587 | €3,394,383 | +€29,796 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,743 | €141,999 | +€7,256 | +5.4% |
| Other operating charges | 640/8 | €49,901 | €49,844 | -€56 | -0.1% |
| Gross operating margin | 9900 | €4,005,031 | €4,074,490 | +€69,460 | +1.7% |
| Operating profit (loss) | 9901 | €455,800 | €488,264 | +€32,464 | +7.1% |
| Financial income | 75/76B | €67,980 | €48,490 | -€19,490 | -28.7% |
| Recurring financial income | 75 | €67,980 | €48,490 | -€19,490 | -28.7% |
| Financial charges | 65/66B | €119,786 | €115,962 | -€3,824 | -3.2% |
| Recurring financial charges | 65 | €119,786 | €115,962 | -€3,824 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €403,994 | €420,792 | +€16,798 | +4.2% |
| Income taxes | 67/77 | €132,654 | €148,444 | +€15,791 | +11.9% |
| Profit (loss) for the period | 9904 | €271,341 | €272,348 | +€1,007 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €271,341 | €272,348 | +€1,007 | +0.4% |
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 16 October 2026 via checked.be.