Lone Wolves: 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.
Lone Wolves
Largest movements
- Receivables within one year -€207,108
down €207,108 (-71.2%), from €290,691 to €83,584
of which Trade receivables: -€146,498
- Cash -€37,804
down €37,804 (-9.6%), from €394,255 to €356,450
mainly Advances received (-€184,832) and Trade debts (-€68,289)
- Tangible fixed assets +€22,048
up €22,048 (+68.4%), from €32,211 to €54,259
of which Land and buildings: +€16,511
- Deferred charges and accrued income +€9,801
up €9,801 (+202%), from €4,849 to €14,650
- Advances received -€184,832
no longer reported in 2025 (was €184,832)
- Reserves +€88,569
up €88,569 (+22.8%), from €387,990 to €476,559
of which Distributable reserves: +€44,364
- Trade debts -€68,289
down €68,289 (-80.5%), from €84,785 to €16,496
- Tax, wage and social debts -€25,224
down €25,224 (-69.9%), from €36,108 to €10,883
of which Taxes: -€22,781
- Other debts -€15,000
no longer reported in 2025 (was €15,000)
- Taxes +€45,105
up €45,105 (+406%), from €11,117 to €56,221
- Staff costs -€35,687
down €35,687 (-64.6%), from €55,232 to €19,545
- Gross operating margin +€5,362
up €5,362 (+3.2%), from €168,334 to €173,696
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 | €722,006 | €508,942 | -€213,063 | -29.5% |
| Fixed assets | 21/28 | €32,211 | €54,259 | +€22,048 | +68.4% |
| Tangible fixed assets | 22/27 | €32,211 | €54,259 | +€22,048 | +68.4% |
| Land and buildings | 22 | €9,060 | €25,571 | +€16,511 | +182% |
| Plant, machinery and equipment | 23 | - | €11,479 | +€11,479 | |
| Furniture and vehicles | 24 | €23,151 | €17,209 | -€5,942 | -25.7% |
| Current assets | 29/58 | €689,795 | €454,684 | -€235,111 | -34.1% |
| Amounts receivable within one year | 40/41 | €290,691 | €83,584 | -€207,108 | -71.2% |
| Trade receivables | 40 | €225,691 | €79,194 | -€146,498 | -64.9% |
| Other amounts receivable | 41 | €65,000 | €4,390 | -€60,610 | -93.2% |
| Cash at bank and in hand | 54/58 | €394,255 | €356,450 | -€37,804 | -9.6% |
| Deferred charges and accrued income | 490/1 | €4,849 | €14,650 | +€9,801 | +202% |
| Total equity and liabilities | 10/49 | €722,006 | €508,942 | -€213,063 | -29.5% |
| Equity | 10/15 | €392,993 | €481,563 | +€88,570 | +22.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €387,990 | €476,559 | +€88,569 | +22.8% |
| Tax-exempt reserves | 132 | €46,801 | €91,006 | +€44,205 | +94.5% |
| Distributable reserves | 133 | €341,189 | €385,553 | +€44,364 | +13.0% |
| Profit (loss) carried forward | 14 | €4 | €4 | +€1 | +22.0% |
| Amounts payable | 17/49 | €329,013 | €27,379 | -€301,633 | -91.7% |
| Amounts payable within one year | 42/48 | €329,013 | €27,379 | -€301,633 | -91.7% |
| Financial debts | 43 | €8,288 | - | -€8,288 | |
| Credit institutions | 430/8 | €8,288 | - | -€8,288 | |
| Trade debts | 44 | €84,785 | €16,496 | -€68,289 | -80.5% |
| Suppliers | 440/4 | €84,785 | €16,496 | -€68,289 | -80.5% |
| Advances received on contracts in progress | 46 | €184,832 | - | -€184,832 | |
| Taxes, remuneration and social security | 45 | €36,108 | €10,883 | -€25,224 | -69.9% |
| Taxes | 450/3 | €31,395 | €8,614 | -€22,781 | -72.6% |
| Remuneration and social security | 454/9 | €4,712 | €2,269 | -€2,443 | -51.8% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €55,232 | €19,545 | -€35,687 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,068 | €9,196 | +€1,127 | +14.0% |
| Other operating charges | 640/8 | €47 | €382 | +€335 | +712% |
| Gross operating margin | 9900 | €168,334 | €173,696 | +€5,362 | +3.2% |
| Operating profit (loss) | 9901 | €104,986 | €144,573 | +€39,587 | +37.7% |
| Financial income | 75/76B | €3 | €408 | +€405 | +14,409% |
| Recurring financial income | 75 | €3 | €408 | +€405 | +14,409% |
| Financial charges | 65/66B | €271 | €190 | -€82 | -30.0% |
| Recurring financial charges | 65 | €271 | €190 | -€82 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €104,718 | €144,791 | +€40,073 | +38.3% |
| Income taxes | 67/77 | €11,117 | €56,221 | +€45,105 | +406% |
| Profit (loss) for the period | 9904 | €93,601 | €88,570 | -€5,031 | -5.4% |
| Transfer to tax-exempt reserves | 689 | €46,801 | €44,205 | -€2,596 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,801 | €44,365 | -€2,436 | -5.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.