De Wolf R. & J.: 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 R. & J.
Largest movements
- Tangible fixed assets -€20,432
down €20,432 (-52.9%), from €38,612 to €18,180
of which Land and buildings: -€16,450
- Cash +€7,382
up €7,382 (+118%), from €6,277 to €13,659
mainly Depreciation (+€22,948) and Receivables within one year (+€6,198)
- Receivables within one year -€6,198
down €6,198 (-16.3%), from €37,944 to €31,746
of which Trade receivables: -€5,771
- Intangible fixed assets -€2,516
down €2,516 (-50.0%), from €5,033 to €2,516
- Profit (loss) carried forward -€23,048
down €23,048 (-9.0%), from -€256,631 to -€279,679
- Gross operating margin +€3,208
up €3,208, from -€1,555 to €1,654
- Other operating charges +€925
up €925 (+117%), from €789 to €1,714
- Financial charges -€43
down €43 (-48.5%), from €88 to €45
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 | €95,410 | €73,646 | -€21,764 | -22.8% |
| Fixed assets | 21/28 | €43,644 | €20,696 | -€22,948 | -52.6% |
| Intangible fixed assets | 21 | €5,033 | €2,516 | -€2,516 | -50.0% |
| Tangible fixed assets | 22/27 | €38,612 | €18,180 | -€20,432 | -52.9% |
| Land and buildings | 22 | €32,811 | €16,361 | -€16,450 | -50.1% |
| Furniture and vehicles | 24 | €5,800 | €1,819 | -€3,981 | -68.6% |
| Current assets | 29/58 | €51,766 | €52,950 | +€1,184 | +2.3% |
| Stocks and contracts in progress | 3 | €7,544 | €7,544 | = | 0.0% |
| Stocks | 30/36 | €7,544 | €7,544 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,944 | €31,746 | -€6,198 | -16.3% |
| Trade receivables | 40 | €37,513 | €31,742 | -€5,771 | -15.4% |
| Other amounts receivable | 41 | €431 | €4 | -€427 | -99.0% |
| Cash at bank and in hand | 54/58 | €6,277 | €13,659 | +€7,382 | +118% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €95,410 | €73,646 | -€21,764 | -22.8% |
| Equity | 10/15 | -€154,092 | -€177,140 | -€23,048 | -15.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €40,539 | €40,539 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,599 | €13,599 | = | 0.0% |
| Distributable reserves | 133 | €20,740 | €20,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€256,631 | -€279,679 | -€23,048 | -9.0% |
| Amounts payable | 17/49 | €249,502 | €250,786 | +€1,284 | +0.5% |
| Amounts payable after more than one year | 17 | €203,745 | €203,745 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €3,745 | €3,745 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,757 | €47,041 | +€1,284 | +2.8% |
| Trade debts | 44 | €118 | €961 | +€843 | +713% |
| Suppliers | 440/4 | €118 | €961 | +€843 | +713% |
| Taxes, remuneration and social security | 45 | €0 | €705 | +€705 | |
| Taxes | 450/3 | €0 | €705 | +€705 | |
| Other amounts payable | 47/48 | €45,639 | €45,375 | -€264 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,961 | €22,948 | -€13 | -0.1% |
| Other operating charges | 640/8 | €789 | €1,714 | +€925 | +117% |
| Gross operating margin | 9900 | -€1,555 | €1,654 | +€3,208 | |
| Operating profit (loss) | 9901 | -€25,304 | -€23,008 | +€2,296 | +9.1% |
| Financial income | 75/76B | €12 | €5 | -€7 | -55.5% |
| Recurring financial income | 75 | €12 | €5 | -€7 | -55.5% |
| Financial charges | 65/66B | €88 | €45 | -€43 | -48.5% |
| Recurring financial charges | 65 | €88 | €45 | -€43 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,380 | -€23,048 | +€2,332 | +9.2% |
| Profit (loss) for the period | 9904 | -€25,380 | -€23,048 | +€2,332 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,380 | -€23,048 | +€2,332 | +9.2% |
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 20 October 2026 via checked.be.