EXPERTISEBUREAU DE WOLF: 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.
EXPERTISEBUREAU DE WOLF
Largest movements
- Tangible fixed assets -€6,565
down €6,565 (-30.4%), from €21,565 to €15,000
of which Furniture and vehicles: -€6,565
- Receivables within one year +€6,140
up €6,140 (+77.2%), from €7,953 to €14,094
of which Trade receivables: +€6,140
- Cash +€3,382
up €3,382 (+16.0%), from €21,174 to €24,556
mainly Depreciation (+€6,565) and Other debts (+€5,579)
- Stocks and contracts +€1,380
up €1,380 (+16.6%), from €8,325 to €9,705
- Other debts +€5,579
up €5,579 (+64.9%), from €8,602 to €14,182
- Profit (loss) carried forward -€5,135
down €5,135 (-1,093%), from -€470 to -€5,605
- Trade debts +€4,387
up €4,387 (+78.0%), from €5,628 to €10,015
- Contributions +€2,000
up €2,000 (+9.8%), from €20,460 to €22,460
- Current portion of long-term debt -€1,789
down €1,789 (-100%), from €1,789 to €0
- Gross operating margin -€3,001
down €3,001 (-38.3%), from €7,843 to €4,842
- Taxes +€1,186
up €1,186 (+321%), from €369 to €1,556
- Depreciation -€411
down €411 (-5.9%), from €6,976 to €6,565
- Other operating charges -€396
down €396 (-20.8%), from €1,909 to €1,513
- Financial charges -€193
down €193 (-35.6%), from €542 to €349
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 | €61,648 | €66,418 | +€4,770 | +7.7% |
| Fixed assets | 21/28 | €23,275 | €16,710 | -€6,565 | -28.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €21,565 | €15,000 | -€6,565 | -30.4% |
| Land and buildings | 22 | €15,000 | €15,000 | = | 0.0% |
| Furniture and vehicles | 24 | €6,565 | €0 | -€6,565 | -100% |
| Financial fixed assets | 28 | €1,710 | €1,710 | = | 0.0% |
| Current assets | 29/58 | €38,374 | €49,708 | +€11,334 | +29.5% |
| Stocks and contracts in progress | 3 | €8,325 | €9,705 | +€1,380 | +16.6% |
| Stocks | 30/36 | €8,325 | €9,705 | +€1,380 | +16.6% |
| Amounts receivable within one year | 40/41 | €7,953 | €14,094 | +€6,140 | +77.2% |
| Trade receivables | 40 | €7,953 | €14,094 | +€6,140 | +77.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,174 | €24,556 | +€3,382 | +16.0% |
| Deferred charges and accrued income | 490/1 | €921 | €1,353 | +€432 | +46.9% |
| Total equity and liabilities | 10/49 | €61,648 | €66,418 | +€4,770 | +7.7% |
| Equity | 10/15 | €44,111 | €40,976 | -€3,135 | -7.1% |
| Contributions | 10/11 | €20,460 | €22,460 | +€2,000 | +9.8% |
| Reserves | 13 | €24,121 | €24,121 | = | 0.0% |
| Distributable reserves | 133 | €24,121 | €24,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€470 | -€5,605 | -€5,135 | -1,093% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €17,537 | €25,442 | +€7,905 | +45.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,537 | €25,392 | +€7,855 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €1,789 | €0 | -€1,789 | -100% |
| Trade debts | 44 | €5,628 | €10,015 | +€4,387 | +78.0% |
| Suppliers | 440/4 | €5,628 | €10,015 | +€4,387 | +78.0% |
| Advances received on contracts in progress | 46 | - | €37 | +€37 | |
| Taxes, remuneration and social security | 45 | €1,518 | €1,159 | -€359 | -23.6% |
| Taxes | 450/3 | €1,518 | €1,159 | -€359 | -23.6% |
| Other amounts payable | 47/48 | €8,602 | €14,182 | +€5,579 | +64.9% |
| Accrued charges and deferred income | 492/3 | €0 | €50 | +€50 | |
| Non-recurring operating income | 76A | €24,249 | €0 | -€24,249 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,976 | €6,565 | -€411 | -5.9% |
| Other operating charges | 640/8 | €1,909 | €1,513 | -€396 | -20.8% |
| Non-recurring operating charges | 66A | €1,101 | €0 | -€1,101 | -100% |
| Gross operating margin | 9900 | €7,843 | €4,842 | -€3,001 | -38.3% |
| Operating profit (loss) | 9901 | -€2,143 | -€3,236 | -€1,093 | -51.0% |
| Financial income | 75/76B | €33 | €5 | -€28 | -85.3% |
| Recurring financial income | 75 | €33 | €5 | -€28 | -85.3% |
| Financial charges | 65/66B | €542 | €349 | -€193 | -35.6% |
| Recurring financial charges | 65 | €542 | €349 | -€193 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,652 | -€3,580 | -€928 | -35.0% |
| Income taxes | 67/77 | €369 | €1,556 | +€1,186 | +321% |
| Profit (loss) for the period | 9904 | -€3,021 | -€5,135 | -€2,114 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,021 | -€5,135 | -€2,114 | -70.0% |
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 23 October 2026 via checked.be.