NEW 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.
What changed
NEW DE WOLF
NACE 47.551, Retail sale of household furniture
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,479
2024 · €57,697-€52,218
Equity
€487,156
2024 · €494,864-€7,708
Cash
€0
2024 · €85-€85
Balance sheet total
€851,175
2024 · €913,544-€62,368
Largest movements
Assets
- Tangible fixed assets -€36,705
down €36,705 (-6.0%), from €611,361 to €574,657
of which Land and buildings: -€26,133
- Receivables within one year -€14,969
down €14,969 (-45.7%), from €32,727 to €17,759
of which Trade receivables: -€13,146
- Stocks and contracts -€10,410
down €10,410 (-3.9%), from €263,839 to €253,430
Equity and liabilities
- Debts after one year -€32,558
down €32,558 (-36.7%), from €88,752 to €56,195
- Other debts -€25,080
down €25,080 (-30.7%), from €81,688 to €56,608
- Revaluation surpluses -€13,187
down €13,187 (-6.2%), from €211,385 to €198,198
- Current portion of long-term debt +€11,184
up €11,184 (+103.9%), from €10,769 to €21,952
Income statement
- Gross operating margin -€51,971
down €51,971 (-31.3%), from €166,049 to €114,078
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.
Result 2024
€57,697
Gross operating margin
-€51,971
Staff costs
+€763
Depreciation
-€769
Other operating charges
+€616
Financial income
-€211
Financial charges
-€646
Result 2025
€5,479
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.
From operations
+€30,903
Investment
-€2,184
Financing
-€28,805
Cash 2024
€85
From operations (derived)
+€30,903
Net result for the year
+€5,479
Depreciation
+€39,088
Stocks and contracts
+€10,410
Receivables within one year
+€14,969
Provisions
-€6,793
Tax, wage and social debts
-€7,169
Other debts
-€25,080
Investment (derived)
-€2,184
Investment in fixed assets (net)
-€2,184
Financing
-€28,805
Debts after one year
-€32,558
Current portion of long-term debt
+€11,184
Short-term financial debts
+€5,756
Contributions, distributions and other
-€13,187
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,544 | €851,175 | -€62,368 | -6.8% |
| Formation expenses | 20 | €3,666 | €3,466 | -€200 | -5.5% |
| Fixed assets | 21/28 | €613,226 | €576,521 | -€36,705 | -6.0% |
| Tangible fixed assets | 22/27 | €611,361 | €574,657 | -€36,705 | -6.0% |
| Land and buildings | 22 | €538,639 | €512,506 | -€26,133 | -4.9% |
| Plant, machinery and equipment | 23 | €454 | €322 | -€132 | -29.1% |
| Furniture and vehicles | 24 | €26,947 | €22,171 | -€4,775 | -17.7% |
| Other tangible fixed assets | 26 | €45,322 | €39,657 | -€5,665 | -12.5% |
| Financial fixed assets | 28 | €1,864 | €1,864 | = | 0.0% |
| Current assets | 29/58 | €296,652 | €271,188 | -€25,464 | -8.6% |
| Stocks and contracts in progress | 3 | €263,839 | €253,430 | -€10,410 | -3.9% |
| Stocks | 30/36 | €263,839 | €253,430 | -€10,410 | -3.9% |
| Amounts receivable within one year | 40/41 | €32,727 | €17,759 | -€14,969 | -45.7% |
| Trade receivables | 40 | €30,904 | €17,759 | -€13,146 | -42.5% |
| Other amounts receivable | 41 | €1,823 | €0 | -€1,823 | -100.0% |
| Cash at bank and in hand | 54/58 | €85 | €0 | -€85 | -100.0% |
| Total equity and liabilities | 10/49 | €913,544 | €851,175 | -€62,368 | -6.8% |
| Equity | 10/15 | €494,864 | €487,156 | -€7,708 | -1.6% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Capital | 10 | €335,000 | €335,000 | = | 0.0% |
| Issued capital | 100 | €335,000 | €335,000 | = | 0.0% |
| Revaluation surpluses | 12 | €211,385 | €198,198 | -€13,187 | -6.2% |
| Reserves | 13 | €37,500 | €37,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,500 | €33,500 | = | 0.0% |
| Legal reserve | 130 | €33,500 | €33,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,021 | -€83,542 | +€5,479 | +6.2% |
| Provisions and deferred taxes | 16 | €108,895 | €102,102 | -€6,793 | -6.2% |
| Deferred taxes | 168 | €108,895 | €102,102 | -€6,793 | -6.2% |
| Amounts payable | 17/49 | €309,785 | €261,917 | -€47,868 | -15.5% |
| Amounts payable after more than one year | 17 | €88,752 | €56,195 | -€32,558 | -36.7% |
| Financial debts | 170/4 | €88,752 | €56,195 | -€32,558 | -36.7% |
| Amounts payable within one year | 42/48 | €221,032 | €205,723 | -€15,310 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €10,769 | €21,952 | +€11,184 | +103.9% |
| Financial debts | 43 | €115,320 | €121,076 | +€5,756 | +5.0% |
| Credit institutions | 430/8 | €115,320 | €121,076 | +€5,756 | +5.0% |
| Taxes, remuneration and social security | 45 | €13,255 | €6,086 | -€7,169 | -54.1% |
| Taxes | 450/3 | €4,463 | €351 | -€4,112 | -92.1% |
| Remuneration and social security | 454/9 | €8,793 | €5,736 | -€3,057 | -34.8% |
| Other amounts payable | 47/48 | €81,688 | €56,608 | -€25,080 | -30.7% |
| Remuneration, social security and pensions | 62 | €68,434 | €67,671 | -€763 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,320 | €39,088 | +€769 | +2.0% |
| Other operating charges | 640/8 | €10,166 | €9,550 | -€616 | -6.1% |
| Gross operating margin | 9900 | €166,049 | €114,078 | -€51,971 | -31.3% |
| Operating profit (loss) | 9901 | €49,129 | -€2,231 | -€51,361 | |
| Financial income | 75/76B | €211 | €0 | -€211 | -100.0% |
| Recurring financial income | 75 | €211 | €0 | -€211 | -100.0% |
| Financial charges | 65/66B | €11,623 | €12,270 | +€646 | +5.6% |
| Recurring financial charges | 65 | €11,623 | €12,270 | +€646 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €37,717 | -€14,501 | -€52,218 | |
| Transfer from deferred taxes | 780 | €19,980 | €19,980 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €57,697 | €5,479 | -€52,218 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,697 | €5,479 | -€52,218 | -90.5% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.