DE WOLF CONSULTING: 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 CONSULTING
Largest movements
- Current investments -€99,271
down €99,271 (-33.2%), from €298,999 to €199,728
- Cash +€97,826
up €97,826 (+110.9%), from €88,250 to €186,076
mainly Net result for the year (+€132,748) and Current investments (+€99,271)
- Receivables within one year +€58,975
up €58,975 (+3650.0%), from €1,616 to €60,591
- Deferred charges and accrued income -€30,807
down €30,807 (-97.8%), from €31,503 to €696
- Tangible fixed assets -€21,886
down €21,886 (-9.6%), from €228,568 to €206,683
of which Land and buildings: -€14,876
- Reserves +€132,748
up €132,748 (+9.1%), from €1.5m to €1.6m
of which Distributable reserves: +€133,887
- Other debts -€121,226
down €121,226 (-98.7%), from €122,883 to €1,657
- Gross operating margin -€24,386
down €24,386 (-11.7%), from €207,728 to €183,342
- Staff costs +€4,761
up €4,761 (+9.0%), from €53,110 to €57,870
- Financial income +€4,051
up €4,051 (+3.2%), from €128,494 to €132,545
of which Financial income: +€4,021
- Taxes +€3,315
up €3,315 (+5.1%), from €65,312 to €68,628
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 | €2,148,936 | €2,153,774 | +€4,838 | +0.2% |
| Fixed assets | 21/28 | €228,568 | €206,683 | -€21,886 | -9.6% |
| Tangible fixed assets | 22/27 | €228,568 | €206,683 | -€21,886 | -9.6% |
| Land and buildings | 22 | €193,763 | €178,887 | -€14,876 | -7.7% |
| Plant, machinery and equipment | 23 | €5,985 | €9,582 | +€3,597 | +60.1% |
| Furniture and vehicles | 24 | €28,820 | €18,214 | -€10,607 | -36.8% |
| Current assets | 29/58 | €1,920,367 | €1,947,091 | +€26,724 | +1.4% |
| Amounts receivable after more than one year | 29 | €1,500,000 | €1,500,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,616 | €60,591 | +€58,975 | +3650.0% |
| Other amounts receivable | 41 | €1,616 | €60,591 | +€58,975 | +3650.0% |
| Current investments | 50/53 | €298,999 | €199,728 | -€99,271 | -33.2% |
| Cash at bank and in hand | 54/58 | €88,250 | €186,076 | +€97,826 | +110.9% |
| Deferred charges and accrued income | 490/1 | €31,503 | €696 | -€30,807 | -97.8% |
| Total equity and liabilities | 10/49 | €2,148,936 | €2,153,774 | +€4,838 | +0.2% |
| Equity | 10/15 | €1,702,056 | €1,834,804 | +€132,748 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,461,779 | €1,594,527 | +€132,748 | +9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,178 | €1,039 | -€1,139 | -52.3% |
| Distributable reserves | 133 | €1,457,741 | €1,591,628 | +€133,887 | +9.2% |
| Profit (loss) carried forward | 14 | €221,677 | €221,677 | = | 0.0% |
| Provisions and deferred taxes | 16 | €726 | €346 | -€380 | -52.3% |
| Deferred taxes | 168 | €726 | €346 | -€380 | -52.3% |
| Amounts payable | 17/49 | €446,153 | €318,624 | -€127,530 | -28.6% |
| Amounts payable after more than one year | 17 | €269,901 | €269,311 | -€590 | -0.2% |
| Financial debts | 170/4 | €269,901 | €269,311 | -€590 | -0.2% |
| Amounts payable within one year | 42/48 | €176,253 | €49,313 | -€126,940 | -72.0% |
| Trade debts | 44 | €332 | €106 | -€226 | -68.1% |
| Suppliers | 440/4 | €332 | €106 | -€226 | -68.1% |
| Taxes, remuneration and social security | 45 | €53,038 | €47,550 | -€5,488 | -10.3% |
| Taxes | 450/3 | €53,038 | €47,550 | -€5,488 | -10.3% |
| Other amounts payable | 47/48 | €122,883 | €1,657 | -€121,226 | -98.7% |
| Remuneration, social security and pensions | 62 | €53,110 | €57,870 | +€4,761 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,410 | €36,619 | +€209 | +0.6% |
| Other operating charges | 640/8 | €2,399 | €2,474 | +€75 | +3.1% |
| Gross operating margin | 9900 | €207,728 | €183,342 | -€24,386 | -11.7% |
| Operating profit (loss) | 9901 | €115,809 | €86,378 | -€29,431 | -25.4% |
| Financial income | 75/76B | €128,494 | €132,545 | +€4,051 | +3.2% |
| Recurring financial income | 75 | €128,494 | €132,515 | +€4,021 | +3.1% |
| Non-recurring financial income | 76B | - | €30 | +€30 | |
| Financial charges | 65/66B | €19,509 | €17,928 | -€1,581 | -8.1% |
| Recurring financial charges | 65 | €19,509 | €17,928 | -€1,581 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €224,795 | €200,995 | -€23,799 | -10.6% |
| Transfer from deferred taxes | 780 | €380 | €380 | = | 0.0% |
| Income taxes | 67/77 | €65,312 | €68,628 | +€3,315 | +5.1% |
| Profit (loss) for the period | 9904 | €159,862 | €132,748 | -€27,115 | -17.0% |
| Transfer from tax-exempt reserves | 789 | €1,139 | €1,139 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,001 | €133,887 | -€27,115 | -16.8% |
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.