DE WOLF et GALLIS: 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 et GALLIS
Largest movements
- Cash -€5,664
down €5,664 (-13.2%), from €42,814 to €37,151
mainly Contributions, distributions and other (-€100,840) and Tax, wage and social debts (-€12,494)
- Tangible fixed assets +€2,508
up €2,508 (+221%), from €1,133 to €3,641
of which Furniture and vehicles: +€3,098
- Receivables within one year -€706
down €706 (-10.5%), from €6,755 to €6,049
of which Other amounts receivable: -€6,755
- Tax, wage and social debts -€12,494
down €12,494 (-65.2%), from €19,169 to €6,675
- Other debts +€8,022
up €8,022 (+77.9%), from €10,304 to €18,326
- Profit (loss) carried forward +€1,630
up €1,630 (+16.1%), from €10,141 to €11,770
- Trade debts -€806
down €806 (-56.5%), from €1,427 to €621
- Gross operating margin +€131,008
up €131,008 (+1,218%), from €10,759 to €141,767
- Taxes +€33,759
up €33,759 (+1,166%), from €2,896 to €36,655
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 | €53,667 | €50,018 | -€3,649 | -6.8% |
| Fixed assets | 21/28 | €1,133 | €3,641 | +€2,508 | +221% |
| Tangible fixed assets | 22/27 | €1,133 | €3,641 | +€2,508 | +221% |
| Plant, machinery and equipment | 23 | €1,133 | €543 | -€590 | -52.1% |
| Furniture and vehicles | 24 | - | €3,098 | +€3,098 | |
| Current assets | 29/58 | €52,534 | €46,377 | -€6,157 | -11.7% |
| Amounts receivable within one year | 40/41 | €6,755 | €6,049 | -€706 | -10.5% |
| Trade receivables | 40 | - | €6,049 | +€6,049 | |
| Other amounts receivable | 41 | €6,755 | - | -€6,755 | |
| Cash at bank and in hand | 54/58 | €42,814 | €37,151 | -€5,664 | -13.2% |
| Deferred charges and accrued income | 490/1 | €2,964 | €3,177 | +€213 | +7.2% |
| Total equity and liabilities | 10/49 | €53,667 | €50,018 | -€3,649 | -6.8% |
| Equity | 10/15 | €22,767 | €24,396 | +€1,630 | +7.2% |
| Contributions | 10/11 | €10,126 | €10,126 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,141 | €11,770 | +€1,630 | +16.1% |
| Amounts payable | 17/49 | €30,900 | €25,622 | -€5,278 | -17.1% |
| Amounts payable within one year | 42/48 | €30,900 | €25,622 | -€5,278 | -17.1% |
| Trade debts | 44 | €1,427 | €621 | -€806 | -56.5% |
| Suppliers | 440/4 | €1,427 | €621 | -€806 | -56.5% |
| Taxes, remuneration and social security | 45 | €19,169 | €6,675 | -€12,494 | -65.2% |
| Taxes | 450/3 | €19,169 | €6,675 | -€12,494 | -65.2% |
| Other amounts payable | 47/48 | €10,304 | €18,326 | +€8,022 | +77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590 | €925 | +€335 | +56.7% |
| Other operating charges | 640/8 | €2,100 | €1,785 | -€315 | -15.0% |
| Gross operating margin | 9900 | €10,759 | €141,767 | +€131,008 | +1,218% |
| Operating profit (loss) | 9901 | €8,069 | €139,058 | +€130,988 | +1,623% |
| Financial income | 75/76B | €114 | €150 | +€36 | +32.0% |
| Recurring financial income | 75 | €114 | €150 | +€36 | +32.0% |
| Financial charges | 65/66B | €101 | €83 | -€17 | -17.4% |
| Recurring financial charges | 65 | €101 | €83 | -€17 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €8,082 | €139,125 | +€131,042 | +1,621% |
| Income taxes | 67/77 | €2,896 | €36,655 | +€33,759 | +1,166% |
| Profit (loss) for the period | 9904 | €5,187 | €102,470 | +€97,283 | +1,876% |
| Profit (loss) for the period to be appropriated | 9905 | €5,187 | €102,470 | +€97,283 | +1,876% |
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 22 October 2026 via checked.be.