DEN WOLF BOUW: 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.
DEN WOLF BOUW
Largest movements
- Receivables within one year +€70,591
up €70,591 (+154%), from €45,791 to €116,383
of which Trade receivables: +€40,327
- Cash +€3,593
up €3,593 (+286%), from €1,255 to €4,848
mainly Net result for the year (+€37,586) and Tax, wage and social debts (+€35,405)
- Deferred charges and accrued income -€1,668
down €1,668 (-47.9%), from €3,485 to €1,817
- Reserves +€38,188
up €38,188 (+136%), from €28,177 to €66,365
of which Distributable reserves: +€41,183
- Tax, wage and social debts +€35,405
up €35,405 (+601%), from €5,888 to €41,292
of which Taxes: +€37,295
- Advances received -€5,000
no longer reported in 2025 (was €5,000)
- Trade debts +€2,626
up €2,626 (+46.3%), from €5,673 to €8,299
- Other debts +€1,900
up €1,900 (+70.6%), from €2,691 to €4,591
- Gross operating margin +€68,849
up €68,849 (+9,861%), from €698 to €69,548
- Taxes +€15,525
up €15,525 (+943%), from €1,646 to €17,170
- Write-downs +€11,077
new in 2025: €11,077
- Financial charges +€3,308
up €3,308 (+430%), from €769 to €4,077
- Other operating charges +€3,287
up €3,287 (+1,099%), from €299 to €3,586
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 | €50,531 | €123,047 | +€72,516 | +144% |
| Current assets | 29/58 | €50,531 | €123,047 | +€72,516 | +144% |
| Amounts receivable within one year | 40/41 | €45,791 | €116,383 | +€70,591 | +154% |
| Trade receivables | 40 | - | €40,327 | +€40,327 | |
| Other amounts receivable | 41 | €45,791 | €76,055 | +€30,264 | +66.1% |
| Cash at bank and in hand | 54/58 | €1,255 | €4,848 | +€3,593 | +286% |
| Deferred charges and accrued income | 490/1 | €3,485 | €1,817 | -€1,668 | -47.9% |
| Total equity and liabilities | 10/49 | €50,531 | €123,047 | +€72,516 | +144% |
| Equity | 10/15 | €31,279 | €68,865 | +€37,586 | +120% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,177 | €66,365 | +€38,188 | +136% |
| Non-distributable reserves | 130/1 | €2,995 | - | -€2,995 | |
| Reserves not available under the articles | 1311 | €2,995 | - | -€2,995 | |
| Distributable reserves | 133 | €25,182 | €66,365 | +€41,183 | +164% |
| Profit (loss) carried forward | 14 | €602 | - | -€602 | |
| Amounts payable | 17/49 | €19,252 | €54,182 | +€34,930 | +181% |
| Amounts payable within one year | 42/48 | €19,252 | €54,182 | +€34,930 | +181% |
| Trade debts | 44 | €5,673 | €8,299 | +€2,626 | +46.3% |
| Suppliers | 440/4 | €5,673 | €8,299 | +€2,626 | +46.3% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €5,888 | €41,292 | +€35,405 | +601% |
| Taxes | 450/3 | €3,998 | €41,292 | +€37,295 | +933% |
| Remuneration and social security | 454/9 | €1,890 | - | -€1,890 | |
| Other amounts payable | 47/48 | €2,691 | €4,591 | +€1,900 | +70.6% |
| Non-recurring operating income | 76A | €11,796 | - | -€11,796 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,077 | +€11,077 | |
| Other operating charges | 640/8 | €299 | €3,586 | +€3,287 | +1,099% |
| Gross operating margin | 9900 | €698 | €69,548 | +€68,849 | +9,861% |
| Operating profit (loss) | 9901 | €399 | €54,884 | +€54,485 | +13,654% |
| Financial income | 75/76B | €2,618 | €3,949 | +€1,331 | +50.8% |
| Recurring financial income | 75 | €2,618 | €3,949 | +€1,331 | +50.8% |
| Financial charges | 65/66B | €769 | €4,077 | +€3,308 | +430% |
| Recurring financial charges | 65 | €769 | €4,077 | +€3,308 | +430% |
| Profit (loss) for the period before taxes | 9903 | €2,248 | €54,756 | +€52,508 | +2,336% |
| Income taxes | 67/77 | €1,646 | €17,170 | +€15,525 | +943% |
| Profit (loss) for the period | 9904 | €602 | €37,586 | +€36,984 | +6,142% |
| Profit (loss) for the period to be appropriated | 9905 | €602 | €37,586 | +€36,984 | +6,142% |
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 14 October 2026 via checked.be.