DE WOLF A & K: 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.
DE WOLF A & K
Largest movements
- Cash -€20,440
down €20,440 (-99.8%), from €20,470 to €31
mainly Trade debts (-€23,133) and Stocks and contracts (-€10,672)
- Receivables within one year -€19,785
down €19,785 (-16.3%), from €121,068 to €101,283
of which Other amounts receivable: -€17,603
- Stocks and contracts +€10,672
up €10,672 (+24.4%), from €43,668 to €54,340
- Trade debts -€23,133
down €23,133 (-37.5%), from €61,735 to €38,602
- Profit (loss) carried forward -€7,795
down €7,795 (-83.0%), from -€9,387 to -€17,183
- Short-term financial debts +€3,651
new in 2025: €3,651
- Other debts -€3,598
down €3,598 (-3.3%), from €110,444 to €106,846
- Gross operating margin -€17,720
down €17,720, from €13,735 to -€3,985
- Other operating charges -€4,258
down €4,258 (-77.5%), from €5,498 to €1,239
- Write-downs +€4,181
up €4,181, from -€4,181 to €0
- Financial charges -€3,186
down €3,186 (-88.4%), from €3,603 to €417
- Staff costs +€1,218
up €1,218, from -€1,218 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 | €194,460 | €164,307 | -€30,154 | -15.5% |
| Fixed assets | 21/28 | €6,902 | €5,919 | -€983 | -14.2% |
| Tangible fixed assets | 22/27 | €6,138 | €5,155 | -€983 | -16.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,538 | €5,155 | -€383 | -6.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €600 | €0 | -€600 | -100.0% |
| Financial fixed assets | 28 | €764 | €764 | = | 0.0% |
| Current assets | 29/58 | €187,558 | €158,387 | -€29,171 | -15.6% |
| Stocks and contracts in progress | 3 | €43,668 | €54,340 | +€10,672 | +24.4% |
| Stocks | 30/36 | €43,668 | €54,340 | +€10,672 | +24.4% |
| Amounts receivable within one year | 40/41 | €121,068 | €101,283 | -€19,785 | -16.3% |
| Trade receivables | 40 | €96,354 | €94,171 | -€2,183 | -2.3% |
| Other amounts receivable | 41 | €24,714 | €7,112 | -€17,603 | -71.2% |
| Current investments | 50/53 | €31 | - | -€31 | |
| Cash at bank and in hand | 54/58 | €20,470 | €31 | -€20,440 | -99.8% |
| Deferred charges and accrued income | 490/1 | €2,320 | €2,733 | +€413 | +17.8% |
| Total equity and liabilities | 10/49 | €194,460 | €164,307 | -€30,154 | -15.5% |
| Equity | 10/15 | €21,760 | €13,964 | -€7,795 | -35.8% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €1,400 | €1,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,387 | -€17,183 | -€7,795 | -83.0% |
| Amounts payable | 17/49 | €172,701 | €150,342 | -€22,359 | -12.9% |
| Amounts payable within one year | 42/48 | €172,701 | €150,342 | -€22,359 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €3,651 | +€3,651 | |
| Credit institutions | 430/8 | - | €3,651 | +€3,651 | |
| Trade debts | 44 | €61,735 | €38,602 | -€23,133 | -37.5% |
| Suppliers | 440/4 | €61,735 | €38,602 | -€23,133 | -37.5% |
| Taxes, remuneration and social security | 45 | €521 | €1,244 | +€722 | +138.5% |
| Taxes | 450/3 | €521 | €1,244 | +€722 | +138.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €110,444 | €106,846 | -€3,598 | -3.3% |
| Remuneration, social security and pensions | 62 | -€1,218 | €0 | +€1,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,362 | €2,175 | -€187 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,181 | €0 | +€4,181 | |
| Other operating charges | 640/8 | €5,498 | €1,239 | -€4,258 | -77.5% |
| Gross operating margin | 9900 | €13,735 | -€3,985 | -€17,720 | |
| Operating profit (loss) | 9901 | €11,275 | -€7,399 | -€18,674 | |
| Financial income | 75/76B | €311 | €22 | -€289 | -93.1% |
| Recurring financial income | 75 | €311 | €22 | -€289 | -93.1% |
| Financial charges | 65/66B | €3,603 | €417 | -€3,186 | -88.4% |
| Recurring financial charges | 65 | €3,603 | €417 | -€3,186 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | €7,982 | -€7,795 | -€15,777 | |
| Income taxes | 67/77 | €521 | €0 | -€521 | -100.0% |
| Profit (loss) for the period | 9904 | €7,461 | -€7,795 | -€15,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,461 | -€7,795 | -€15,256 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.