DIRTY WOLF: 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.
DIRTY WOLF
Largest movements
- Receivables within one year +€4,607
up €4,607 (+357.2%), from €1,290 to €5,897
- Cash +€2,319
up €2,319 (+187.8%), from €1,235 to €3,554
mainly Trade debts (+€14,858) and Other debts (+€11,345)
- Tangible fixed assets -€1,797
down €1,797 (-27.7%), from €6,484 to €4,687
of which Plant, machinery and equipment: -€4,441
- Stocks and contracts +€1,521
up €1,521 (+147.5%), from €1,031 to €2,553
- Deferred charges and accrued income -€246
down €246 (-61.8%), from €398 to €152
- Profit (loss) carried forward -€23,551
down €23,551 (-44.6%), from -€52,786 to -€76,337
- Trade debts +€14,858
up €14,858 (+293.1%), from €5,069 to €19,927
- Other debts +€11,345
up €11,345 (+132.1%), from €8,590 to €19,935
- Short-term financial debts +€6,920
new in 2025: €6,920
- Debts after one year -€1,673
down €1,673 (-3.9%), from €43,126 to €41,453
- Gross operating margin -€13,479
down €13,479 (-276.2%), from -€4,880 to -€18,359
- Depreciation -€1,889
down €1,889 (-50.1%), from €3,768 to €1,879
- Financial charges +€1,136
up €1,136, from -€50 to €1,087
- Other operating charges +€308
up €308 (+57.6%), from €536 to €844
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 | €10,439 | €16,843 | +€6,404 | +61.3% |
| Fixed assets | 21/28 | €6,484 | €4,687 | -€1,797 | -27.7% |
| Tangible fixed assets | 22/27 | €6,484 | €4,687 | -€1,797 | -27.7% |
| Plant, machinery and equipment | 23 | €4,441 | €0 | -€4,441 | -100.0% |
| Furniture and vehicles | 24 | €2,043 | €4,687 | +€2,644 | +129.4% |
| Current assets | 29/58 | €3,955 | €12,156 | +€8,201 | +207.4% |
| Stocks and contracts in progress | 3 | €1,031 | €2,553 | +€1,521 | +147.5% |
| Stocks | 30/36 | €1,031 | €2,553 | +€1,521 | +147.5% |
| Amounts receivable within one year | 40/41 | €1,290 | €5,897 | +€4,607 | +357.2% |
| Trade receivables | 40 | €1,290 | €5,897 | +€4,607 | +357.2% |
| Cash at bank and in hand | 54/58 | €1,235 | €3,554 | +€2,319 | +187.8% |
| Deferred charges and accrued income | 490/1 | €398 | €152 | -€246 | -61.8% |
| Total equity and liabilities | 10/49 | €10,439 | €16,843 | +€6,404 | +61.3% |
| Equity | 10/15 | -€50,786 | -€74,337 | -€23,551 | -46.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,786 | -€76,337 | -€23,551 | -44.6% |
| Amounts payable | 17/49 | €61,226 | €91,180 | +€29,955 | +48.9% |
| Amounts payable after more than one year | 17 | €43,126 | €41,453 | -€1,673 | -3.9% |
| Financial debts | 170/4 | €43,126 | €41,453 | -€1,673 | -3.9% |
| Amounts payable within one year | 42/48 | €17,705 | €49,727 | +€32,023 | +180.9% |
| Current portion of amounts payable after more than one year | 42 | €1,599 | €1,673 | +€74 | +4.6% |
| Financial debts | 43 | - | €6,920 | +€6,920 | |
| Credit institutions | 430/8 | - | €6,920 | +€6,920 | |
| Trade debts | 44 | €5,069 | €19,927 | +€14,858 | +293.1% |
| Suppliers | 440/4 | €5,069 | €19,927 | +€14,858 | +293.1% |
| Taxes, remuneration and social security | 45 | €2,448 | €1,272 | -€1,175 | -48.0% |
| Taxes | 450/3 | €2,448 | €1,272 | -€1,175 | -48.0% |
| Other amounts payable | 47/48 | €8,590 | €19,935 | +€11,345 | +132.1% |
| Accrued charges and deferred income | 492/3 | €395 | €0 | -€395 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,768 | €1,879 | -€1,889 | -50.1% |
| Other operating charges | 640/8 | €536 | €844 | +€308 | +57.6% |
| Non-recurring operating charges | 66A | - | €1,383 | +€1,383 | |
| Gross operating margin | 9900 | -€4,880 | -€18,359 | -€13,479 | -276.2% |
| Operating profit (loss) | 9901 | -€9,183 | -€22,466 | -€13,282 | -144.6% |
| Financial income | 75/76B | €23 | €2 | -€21 | -92.7% |
| Recurring financial income | 75 | €23 | €2 | -€21 | -92.7% |
| Financial charges | 65/66B | -€50 | €1,087 | +€1,136 | |
| Recurring financial charges | 65 | -€50 | €1,087 | +€1,136 | |
| Profit (loss) for the period before taxes | 9903 | -€9,111 | -€23,551 | -€14,440 | -158.5% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€9,111 | -€23,551 | -€14,440 | -158.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,111 | -€23,551 | -€14,440 | -158.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.