DE WULFDAM: what changed
Two fiscal 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 WULFDAM
Largest movements
- Cash +€53,235
up €53,235 (+59.9%), from €88,903 to €142,138
mainly Current investments (+€50,000) and Depreciation (+€9,024)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€9,024
down €9,024 (-4.8%), from €187,862 to €178,838
of which Land and buildings: -€8,897
- Profit (loss) carried forward -€8,737
down €8,737 (-8.8%), from -€98,944 to -€107,680
- Other debts +€6,874
up €6,874 (+3.3%), from €210,017 to €216,891
- Gross operating margin -€5,260
down €5,260 (-70.6%), from €7,453 to €2,193
- Other operating charges -€2,436
down €2,436 (-52.1%), from €4,671 to €2,235
- Financial income -€684
down €684 (-48.3%), from €1,417 to €733
- Depreciation -€655
down €655 (-6.8%), from €9,679 to €9,024
- Taxes +€197
new in 2025: €197
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 | €330,880 | €326,674 | -€4,206 | -1.3% |
| Fixed assets | 21/28 | €187,862 | €178,838 | -€9,024 | -4.8% |
| Tangible fixed assets | 22/27 | €187,862 | €178,838 | -€9,024 | -4.8% |
| Land and buildings | 22 | €187,417 | €178,520 | -€8,897 | -4.7% |
| Plant, machinery and equipment | 23 | €445 | €318 | -€127 | -28.5% |
| Current assets | 29/58 | €143,018 | €147,836 | +€4,818 | +3.4% |
| Amounts receivable within one year | 40/41 | €2,309 | €4,136 | +€1,827 | +79.1% |
| Trade receivables | 40 | €1,884 | €4,136 | +€2,252 | +119.6% |
| Other amounts receivable | 41 | €425 | - | -€425 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €88,903 | €142,138 | +€53,235 | +59.9% |
| Deferred charges and accrued income | 490/1 | €1,806 | €1,562 | -€244 | -13.5% |
| Total equity and liabilities | 10/49 | €330,880 | €326,674 | -€4,206 | -1.3% |
| Equity | 10/15 | €114,353 | €105,617 | -€8,737 | -7.6% |
| Contributions | 10/11 | €203,279 | €203,279 | = | 0.0% |
| Reserves | 13 | €10,018 | €10,018 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,018 | €10,018 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€98,944 | -€107,680 | -€8,737 | -8.8% |
| Amounts payable | 17/49 | €216,527 | €221,058 | +€4,531 | +2.1% |
| Amounts payable within one year | 42/48 | €214,965 | €217,244 | +€2,279 | +1.1% |
| Trade debts | 44 | €3,515 | €346 | -€3,169 | -90.2% |
| Suppliers | 440/4 | €3,515 | €346 | -€3,169 | -90.2% |
| Taxes, remuneration and social security | 45 | €1,433 | €7 | -€1,426 | -99.5% |
| Taxes | 450/3 | €1,433 | €7 | -€1,426 | -99.5% |
| Other amounts payable | 47/48 | €210,017 | €216,891 | +€6,874 | +3.3% |
| Accrued charges and deferred income | 492/3 | €1,562 | €3,814 | +€2,252 | +144.2% |
| Non-recurring operating income | 76A | €10 | - | -€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,679 | €9,024 | -€655 | -6.8% |
| Other operating charges | 640/8 | €4,671 | €2,235 | -€2,436 | -52.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €7,453 | €2,193 | -€5,260 | -70.6% |
| Operating profit (loss) | 9901 | -€6,897 | -€9,067 | -€2,170 | -31.5% |
| Financial income | 75/76B | €1,417 | €733 | -€684 | -48.3% |
| Recurring financial income | 75 | €1,417 | €733 | -€684 | -48.3% |
| Financial charges | 65/66B | €103 | €206 | +€103 | +100.6% |
| Recurring financial charges | 65 | €103 | €206 | +€103 | +100.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,583 | -€8,540 | -€2,957 | -53.0% |
| Income taxes | 67/77 | - | €197 | +€197 | |
| Profit (loss) for the period | 9904 | -€5,583 | -€8,737 | -€3,154 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,583 | -€8,737 | -€3,154 | -56.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.