NightWolf Group: 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.
NightWolf Group
Largest movements
- Stocks and contracts -€253,596
down €253,596 (-49.5%), from €512,346 to €258,750
- Cash -€226,095
down €226,095 (-86.0%), from €262,864 to €36,768
mainly Trade debts (-€253,941) and Net result for the year (-€115,946)
- Tangible fixed assets -€19,982
down €19,982 (-27.7%), from €72,205 to €52,223
- Trade debts -€253,941
down €253,941 (-98.1%), from €258,881 to €4,941
- Profit (loss) carried forward -€115,946
down €115,946 (-574.7%), from -€20,176 to -€136,122
- Debts after one year -€68,899
down €68,899 (-31.3%), from €219,864 to €150,964
- Tax, wage and social debts -€46,762
down €46,762 (-81.8%), from €57,163 to €10,401
- Other debts -€22,778
down €22,778 (-10.3%), from €221,572 to €198,794
- Gross operating margin -€48,735
down €48,735, from €17,583 to -€31,152
- Write-downs +€45,455
new in 2025: €45,455
- Depreciation +€995
up €995 (+4.8%), from €20,677 to €21,672
- Financial charges +€594
up €594 (+3.6%), from €16,588 to €17,182
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 | €872,178 | €369,987 | -€502,191 | -57.6% |
| Fixed assets | 21/28 | €88,594 | €66,922 | -€21,672 | -24.5% |
| Intangible fixed assets | 21 | €7,389 | €5,699 | -€1,690 | -22.9% |
| Tangible fixed assets | 22/27 | €72,205 | €52,223 | -€19,982 | -27.7% |
| Furniture and vehicles | 24 | €72,205 | €52,223 | -€19,982 | -27.7% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €783,583 | €303,065 | -€480,518 | -61.3% |
| Stocks and contracts in progress | 3 | €512,346 | €258,750 | -€253,596 | -49.5% |
| Stocks | 30/36 | €512,346 | €258,750 | -€253,596 | -49.5% |
| Amounts receivable within one year | 40/41 | €6,775 | €5,838 | -€937 | -13.8% |
| Trade receivables | 40 | €6,300 | €5,554 | -€745 | -11.8% |
| Other amounts receivable | 41 | €475 | €284 | -€191 | -40.3% |
| Cash at bank and in hand | 54/58 | €262,864 | €36,768 | -€226,095 | -86.0% |
| Deferred charges and accrued income | 490/1 | €1,598 | €1,708 | +€110 | +6.9% |
| Total equity and liabilities | 10/49 | €872,178 | €369,987 | -€502,191 | -57.6% |
| Equity | 10/15 | €44,508 | -€71,438 | -€115,946 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €62,184 | €62,184 | = | 0.0% |
| Distributable reserves | 133 | €62,184 | €62,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,176 | -€136,122 | -€115,946 | -574.7% |
| Amounts payable | 17/49 | €827,670 | €441,425 | -€386,245 | -46.7% |
| Amounts payable after more than one year | 17 | €219,864 | €150,964 | -€68,899 | -31.3% |
| Financial debts | 170/4 | €219,864 | €150,964 | -€68,899 | -31.3% |
| Amounts payable within one year | 42/48 | €607,806 | €290,461 | -€317,346 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €69,376 | €70,718 | +€1,343 | +1.9% |
| Financial debts | 43 | €815 | €99 | -€716 | -87.9% |
| Credit institutions | 430/8 | €815 | €99 | -€716 | -87.9% |
| Trade debts | 44 | €258,881 | €4,941 | -€253,941 | -98.1% |
| Suppliers | 440/4 | €258,881 | €4,941 | -€253,941 | -98.1% |
| Advances received on contracts in progress | 46 | - | €5,508 | +€5,508 | |
| Taxes, remuneration and social security | 45 | €57,163 | €10,401 | -€46,762 | -81.8% |
| Taxes | 450/3 | €57,163 | €10,401 | -€46,762 | -81.8% |
| Other amounts payable | 47/48 | €221,572 | €198,794 | -€22,778 | -10.3% |
| Non-recurring operating income | 76A | €9,771 | €0 | -€9,771 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,677 | €21,672 | +€995 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,455 | +€45,455 | |
| Other operating charges | 640/8 | €511 | €393 | -€117 | -23.0% |
| Gross operating margin | 9900 | €17,583 | -€31,152 | -€48,735 | |
| Operating profit (loss) | 9901 | -€3,605 | -€98,672 | -€95,067 | -2637.3% |
| Financial income | 75/76B | €17 | €0 | -€16 | -97.7% |
| Recurring financial income | 75 | €17 | €0 | -€16 | -97.7% |
| Financial charges | 65/66B | €16,588 | €17,182 | +€594 | +3.6% |
| Recurring financial charges | 65 | €16,588 | €17,182 | +€594 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,176 | -€115,854 | -€95,677 | -474.2% |
| Income taxes | 67/77 | €0 | €92 | +€92 | |
| Profit (loss) for the period | 9904 | -€20,176 | -€115,946 | -€95,770 | -474.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,176 | -€115,946 | -€95,770 | -474.7% |
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 12 October 2026 via checked.be.