De Wolf Daisy: 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 Daisy
Largest movements
- Cash +€449,427
up €449,427 (+140.5%), from €319,960 to €769,387
mainly Net result for the year (+€474,942) and Trade debts (+€152,132)
- Tangible fixed assets -€52,954
down €52,954 (-14.1%), from €375,088 to €322,134
of which Furniture and vehicles: -€43,069
- Intangible fixed assets -€44,147
down €44,147 (-15.8%), from €279,547 to €235,400
- Receivables within one year -€34,205
down €34,205 (-5.7%), from €597,307 to €563,102
of which Trade receivables: -€24,711
- Stocks and contracts +€34,194
up €34,194 (+143.7%), from €23,802 to €57,995
- Reserves +€474,942
up €474,942 (+83.4%), from €569,353 to €1.0m
- Other debts -€236,652
down €236,652 (-62.3%), from €379,608 to €142,956
- Trade debts +€152,132
up €152,132 (+56.0%), from €271,531 to €423,664
- Debts after one year -€27,896
down €27,896 (-23.6%), from €118,194 to €90,298
- Depreciation +€50,329
up €50,329 (+62.5%), from €80,569 to €130,898
- Write-downs +€32,607
up €32,607 (+748.7%), from €4,355 to €36,962
- Taxes -€25,232
down €25,232 (-13.5%), from €186,415 to €161,182
- Gross operating margin -€16,346
down €16,346 (-1.5%), from €1.1m to €1.1m
- Financial charges +€15,229
up €15,229 (+140.0%), from €10,879 to €26,108
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 | €1,609,481 | €1,968,618 | +€359,137 | +22.3% |
| Fixed assets | 21/28 | €654,965 | €557,864 | -€97,101 | -14.8% |
| Intangible fixed assets | 21 | €279,547 | €235,400 | -€44,147 | -15.8% |
| Tangible fixed assets | 22/27 | €375,088 | €322,134 | -€52,954 | -14.1% |
| Plant, machinery and equipment | 23 | €44,611 | €36,819 | -€7,792 | -17.5% |
| Furniture and vehicles | 24 | €312,608 | €269,539 | -€43,069 | -13.8% |
| Other tangible fixed assets | 26 | €17,869 | €15,776 | -€2,093 | -11.7% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €954,516 | €1,410,754 | +€456,238 | +47.8% |
| Stocks and contracts in progress | 3 | €23,802 | €57,995 | +€34,194 | +143.7% |
| Stocks | 30/36 | €23,802 | €57,995 | +€34,194 | +143.7% |
| Amounts receivable within one year | 40/41 | €597,307 | €563,102 | -€34,205 | -5.7% |
| Trade receivables | 40 | €582,833 | €558,122 | -€24,711 | -4.2% |
| Other amounts receivable | 41 | €14,475 | €4,981 | -€9,494 | -65.6% |
| Cash at bank and in hand | 54/58 | €319,960 | €769,387 | +€449,427 | +140.5% |
| Deferred charges and accrued income | 490/1 | €13,447 | €20,270 | +€6,822 | +50.7% |
| Total equity and liabilities | 10/49 | €1,609,481 | €1,968,618 | +€359,137 | +22.3% |
| Equity | 10/15 | €579,353 | €1,054,296 | +€474,942 | +82.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €569,353 | €1,044,296 | +€474,942 | +83.4% |
| Distributable reserves | 133 | €569,353 | €1,044,296 | +€474,942 | +83.4% |
| Amounts payable | 17/49 | €1,030,127 | €914,323 | -€115,805 | -11.2% |
| Amounts payable after more than one year | 17 | €118,194 | €90,298 | -€27,896 | -23.6% |
| Financial debts | 170/4 | €118,194 | €90,298 | -€27,896 | -23.6% |
| Amounts payable within one year | 42/48 | €906,802 | €808,440 | -€98,362 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €26,862 | €27,896 | +€1,034 | +3.8% |
| Trade debts | 44 | €271,531 | €423,664 | +€152,132 | +56.0% |
| Suppliers | 440/4 | €271,531 | €423,664 | +€152,132 | +56.0% |
| Taxes, remuneration and social security | 45 | €228,802 | €213,925 | -€14,877 | -6.5% |
| Taxes | 450/3 | €193,664 | €173,640 | -€20,024 | -10.3% |
| Remuneration and social security | 454/9 | €35,138 | €40,285 | +€5,147 | +14.6% |
| Other amounts payable | 47/48 | €379,608 | €142,956 | -€236,652 | -62.3% |
| Accrued charges and deferred income | 492/3 | €5,131 | €15,584 | +€10,453 | +203.7% |
| Remuneration, social security and pensions | 62 | €263,129 | €264,195 | +€1,066 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,569 | €130,898 | +€50,329 | +62.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,355 | €36,962 | +€32,607 | +748.7% |
| Other operating charges | 640/8 | €5,158 | €9,458 | +€4,300 | +83.4% |
| Gross operating margin | 9900 | €1,119,356 | €1,103,010 | -€16,346 | -1.5% |
| Operating profit (loss) | 9901 | €766,145 | €661,496 | -€104,649 | -13.7% |
| Financial income | 75/76B | €502 | €736 | +€234 | +46.6% |
| Recurring financial income | 75 | €502 | €736 | +€234 | +46.6% |
| Financial charges | 65/66B | €10,879 | €26,108 | +€15,229 | +140.0% |
| Recurring financial charges | 65 | €10,879 | €26,108 | +€15,229 | +140.0% |
| Profit (loss) for the period before taxes | 9903 | €755,768 | €636,125 | -€119,643 | -15.8% |
| Income taxes | 67/77 | €186,415 | €161,182 | -€25,232 | -13.5% |
| Profit (loss) for the period | 9904 | €569,353 | €474,942 | -€94,411 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €569,353 | €474,942 | -€94,411 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.