DE WOLVIN: what changed
DE WOLVIN
Largest movements
- Receivables within one year +€38,316
up €38,316 (+29.1%), from €131,719 to €170,035
of which Other amounts receivable: +€34,706
- Cash -€3,465
down €3,465 (-100.0%), from €3,467 to €1
mainly Receivables within one year (-€38,316) and Trade debts (-€7,139)
- Tangible fixed assets -€1,849
down €1,849 (-38.4%), from €4,815 to €2,966
- Profit (loss) carried forward +€34,731
up €34,731 (+36.6%), from €95,001 to €129,732
- Trade debts -€7,139
down €7,139 (-61.0%), from €11,697 to €4,558
- Tax, wage and social debts +€4,129
up €4,129 (+13.7%), from €30,117 to €34,245
- Gross operating margin -€10,489
down €10,489 (-19.5%), from €53,877 to €43,387
- Financial income +€2,986
up €2,986 (+52.7%), from €5,668 to €8,655
- Taxes +€1,727
up €1,727 (+13.6%), from €12,663 to €14,390
- Depreciation +€892
up €892 (+93.2%), from €957 to €1,849
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,415 | €173,135 | +€32,720 | +23.3% |
| Fixed assets | 21/28 | €4,815 | €2,966 | -€1,849 | -38.4% |
| Tangible fixed assets | 22/27 | €4,815 | €2,966 | -€1,849 | -38.4% |
| Furniture and vehicles | 24 | €4,815 | €2,966 | -€1,849 | -38.4% |
| Current assets | 29/58 | €135,600 | €170,169 | +€34,569 | +25.5% |
| Amounts receivable within one year | 40/41 | €131,719 | €170,035 | +€38,316 | +29.1% |
| Trade receivables | 40 | €3,770 | €7,380 | +€3,610 | +95.8% |
| Other amounts receivable | 41 | €127,949 | €162,655 | +€34,706 | +27.1% |
| Cash at bank and in hand | 54/58 | €3,467 | €1 | -€3,465 | -100.0% |
| Deferred charges and accrued income | 490/1 | €414 | €132 | -€282 | -68.2% |
| Total equity and liabilities | 10/49 | €140,415 | €173,135 | +€32,720 | +23.3% |
| Equity | 10/15 | €97,001 | €131,732 | +€34,731 | +35.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,001 | €129,732 | +€34,731 | +36.6% |
| Amounts payable | 17/49 | €43,414 | €41,403 | -€2,011 | -4.6% |
| Amounts payable within one year | 42/48 | €43,414 | €41,403 | -€2,011 | -4.6% |
| Trade debts | 44 | €11,697 | €4,558 | -€7,139 | -61.0% |
| Suppliers | 440/4 | €11,697 | €4,558 | -€7,139 | -61.0% |
| Taxes, remuneration and social security | 45 | €30,117 | €34,245 | +€4,129 | +13.7% |
| Taxes | 450/3 | €30,117 | €34,245 | +€4,129 | +13.7% |
| Other amounts payable | 47/48 | €1,600 | €2,600 | +€1,000 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €957 | €1,849 | +€892 | +93.2% |
| Other operating charges | 640/8 | €725 | €871 | +€147 | +20.3% |
| Gross operating margin | 9900 | €53,877 | €43,387 | -€10,489 | -19.5% |
| Operating profit (loss) | 9901 | €52,195 | €40,667 | -€11,528 | -22.1% |
| Financial income | 75/76B | €5,668 | €8,655 | +€2,986 | +52.7% |
| Recurring financial income | 75 | €5,668 | €8,655 | +€2,986 | +52.7% |
| Financial charges | 65/66B | €276 | €201 | -€75 | -27.3% |
| Recurring financial charges | 65 | €276 | €201 | -€75 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €57,587 | €49,121 | -€8,466 | -14.7% |
| Income taxes | 67/77 | €12,663 | €14,390 | +€1,727 | +13.6% |
| Profit (loss) for the period | 9904 | €44,924 | €34,731 | -€10,193 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,924 | €34,731 | -€10,193 | -22.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.