Kranz Wolfe Associates: 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.
Kranz Wolfe Associates
Largest movements
- Cash +€117,094
up €117,094 (+119%), from €98,037 to €215,132
mainly Trade debts (+€111,995) and Net result for the year (+€22,795)
- Receivables within one year +€19,677
up €19,677 (+8.5%), from €231,926 to €251,603
of which Other amounts receivable: +€13,473
- Trade debts +€111,995
up €111,995 (+38.2%), from €292,866 to €404,861
- Reserves +€22,795
up €22,795 (+76.5%), from €29,804 to €52,599
- Other operating charges -€26,864
down €26,864 (-54.6%), from €49,204 to €22,340
- Staff costs +€24,547
up €24,547, from €0 to €24,547
- Gross operating margin +€9,938
up €9,938 (+15.2%), from €65,255 to €75,193
- Financial charges -€7,051
down €7,051 (-79.9%), from €8,824 to €1,773
- Taxes +€4,089
up €4,089 (+140%), from €2,931 to €7,020
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 | €329,963 | €466,735 | +€136,771 | +41.5% |
| Current assets | 29/58 | €329,963 | €466,735 | +€136,771 | +41.5% |
| Amounts receivable within one year | 40/41 | €231,926 | €251,603 | +€19,677 | +8.5% |
| Trade receivables | 40 | €211,987 | €218,191 | +€6,204 | +2.9% |
| Other amounts receivable | 41 | €19,939 | €33,412 | +€13,473 | +67.6% |
| Cash at bank and in hand | 54/58 | €98,037 | €215,132 | +€117,094 | +119% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €329,963 | €466,735 | +€136,771 | +41.5% |
| Equity | 10/15 | €33,804 | €56,599 | +€22,795 | +67.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €29,804 | €52,599 | +€22,795 | +76.5% |
| Distributable reserves | 133 | €29,804 | €52,599 | +€22,795 | +76.5% |
| Amounts payable | 17/49 | €296,159 | €410,136 | +€113,977 | +38.5% |
| Amounts payable within one year | 42/48 | €296,159 | €410,136 | +€113,977 | +38.5% |
| Trade debts | 44 | €292,866 | €404,861 | +€111,995 | +38.2% |
| Suppliers | 440/4 | €292,866 | €404,861 | +€111,995 | +38.2% |
| Taxes, remuneration and social security | 45 | €2,931 | €4,474 | +€1,543 | +52.6% |
| Taxes | 450/3 | €2,931 | €1,269 | -€1,662 | -56.7% |
| Remuneration and social security | 454/9 | - | €3,204 | +€3,204 | |
| Other amounts payable | 47/48 | €362 | €801 | +€439 | +121% |
| Remuneration, social security and pensions | 62 | €0 | €24,547 | +€24,547 | |
| Other operating charges | 640/8 | €49,204 | €22,340 | -€26,864 | -54.6% |
| Gross operating margin | 9900 | €65,255 | €75,193 | +€9,938 | +15.2% |
| Operating profit (loss) | 9901 | €16,051 | €28,306 | +€12,255 | +76.4% |
| Financial income | 75/76B | €6,883 | €3,281 | -€3,602 | -52.3% |
| Recurring financial income | 75 | €6,883 | €3,281 | -€3,602 | -52.3% |
| Financial charges | 65/66B | €8,824 | €1,773 | -€7,051 | -79.9% |
| Recurring financial charges | 65 | €8,824 | €1,773 | -€7,051 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €14,109 | €29,814 | +€15,705 | +111% |
| Income taxes | 67/77 | €2,931 | €7,020 | +€4,089 | +140% |
| Profit (loss) for the period | 9904 | €11,179 | €22,795 | +€11,616 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €11,179 | €22,795 | +€11,616 | +104% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.