BWOLF: 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.
BWOLF
Largest movements
- Cash +€5,504
up €5,504 (+46.0%), from €11,961 to €17,465
mainly Net result for the year (+€5,786) and Other debts (+€3,457)
- Receivables within one year +€2,317
up €2,317 (+22.6%), from €10,272 to €12,588
of which Trade receivables: +€2,966
- Tangible fixed assets -€1,193
down €1,193 (-19.2%), from €6,200 to €5,007
of which Plant, machinery and equipment: -€2,400
- Profit (loss) carried forward +€5,786
up €5,786 (+74.8%), from €7,732 to €13,518
- Tax, wage and social debts -€5,571
down €5,571 (-56.0%), from €9,941 to €4,370
of which Remuneration and social security: -€7,298
- Other debts +€3,457
new in 2025: €3,457
- Trade debts +€2,955
up €2,955 (+146.0%), from €2,025 to €4,980
- Purchases and services +€33,984
up €33,984 (+57.0%), from €59,653 to €93,637
- Gross operating margin -€24,137
down €24,137 (-68.9%), from €35,036 to €10,899
- Staff costs -€14,185
down €14,185 (-100.0%), from €14,185 to €0
- Turnover +€9,847
up €9,847 (+10.4%), from €94,689 to €104,536
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 | €28,934 | €35,561 | +€6,627 | +22.9% |
| Fixed assets | 21/28 | €6,200 | €5,007 | -€1,193 | -19.2% |
| Tangible fixed assets | 22/27 | €6,200 | €5,007 | -€1,193 | -19.2% |
| Plant, machinery and equipment | 23 | €6,133 | €3,733 | -€2,400 | -39.1% |
| Furniture and vehicles | 24 | €67 | €1,274 | +€1,207 | +1799.3% |
| Current assets | 29/58 | €22,733 | €30,553 | +€7,820 | +34.4% |
| Amounts receivable within one year | 40/41 | €10,272 | €12,588 | +€2,317 | +22.6% |
| Trade receivables | 40 | €9,623 | €12,588 | +€2,966 | +30.8% |
| Other amounts receivable | 41 | €649 | - | -€649 | |
| Cash at bank and in hand | 54/58 | €11,961 | €17,465 | +€5,504 | +46.0% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €28,934 | €35,561 | +€6,627 | +22.9% |
| Equity | 10/15 | €16,968 | €22,754 | +€5,786 | +34.1% |
| Contributions | 10/11 | €9,236 | €9,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,732 | €13,518 | +€5,786 | +74.8% |
| Amounts payable | 17/49 | €11,966 | €12,807 | +€841 | +7.0% |
| Amounts payable within one year | 42/48 | €11,966 | €12,807 | +€841 | +7.0% |
| Trade debts | 44 | €2,025 | €4,980 | +€2,955 | +146.0% |
| Suppliers | 440/4 | €2,025 | €4,980 | +€2,955 | +146.0% |
| Taxes, remuneration and social security | 45 | €9,941 | €4,370 | -€5,571 | -56.0% |
| Taxes | 450/3 | €1,643 | €3,370 | +€1,726 | +105.1% |
| Remuneration and social security | 454/9 | €8,298 | €1,000 | -€7,298 | -87.9% |
| Other amounts payable | 47/48 | - | €3,457 | +€3,457 | |
| Turnover | 70 | €94,689 | €104,536 | +€9,847 | +10.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €59,653 | €93,637 | +€33,984 | +57.0% |
| Remuneration, social security and pensions | 62 | €14,185 | €0 | -€14,185 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,623 | €2,476 | -€147 | -5.6% |
| Other operating charges | 640/8 | €603 | €149 | -€454 | -75.3% |
| Gross operating margin | 9900 | €35,036 | €10,899 | -€24,137 | -68.9% |
| Operating profit (loss) | 9901 | €17,625 | €8,274 | -€9,351 | -53.1% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €97 | €233 | +€136 | +140.9% |
| Recurring financial charges | 65 | €97 | €233 | +€136 | +140.9% |
| Profit (loss) for the period before taxes | 9903 | €17,529 | €8,044 | -€9,484 | -54.1% |
| Income taxes | 67/77 | €1,643 | €2,258 | +€615 | +37.4% |
| Profit (loss) for the period | 9904 | €15,885 | €5,786 | -€10,099 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,885 | €5,786 | -€10,099 | -63.6% |
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 12 October 2026 via checked.be.