RED 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.
RED WOLF
Largest movements
- Financial fixed assets -€1.0m
down €1.0m (-69.9%), from €1.5m to €451,050
- Receivables after one year +€763,101
new in 2025: €763,101
- Receivables within one year +€626,387
new in 2025: €626,387
- Profit (loss) carried forward +€337,420
up €337,420, from -€14,697 to €322,722
- Financial income +€340,538
new in 2025: €340,538
- Gross operating margin -€63
down €63 (-3.8%), from -€1,658 to -€1,721
- Other operating charges +€33
up €33 (+3.0%), from €1,094 to €1,126
- Financial charges -€19
down €19 (-6.6%), from €290 to €271
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 | €1,518,123 | €1,855,732 | +€337,608 | +22.2% |
| Fixed assets | 21/28 | €1,500,000 | €451,050 | -€1.0m | -69.9% |
| Financial fixed assets | 28 | €1,500,000 | €451,050 | -€1.0m | -69.9% |
| Current assets | 29/58 | €18,123 | €1,404,682 | +€1.4m | +7,651% |
| Amounts receivable after more than one year | 29 | - | €763,101 | +€763,101 | |
| Other amounts receivable | 291 | - | €763,101 | +€763,101 | |
| Amounts receivable within one year | 40/41 | - | €626,387 | +€626,387 | |
| Other amounts receivable | 41 | - | €626,387 | +€626,387 | |
| Cash at bank and in hand | 54/58 | €18,123 | €15,193 | -€2,930 | -16.2% |
| Total equity and liabilities | 10/49 | €1,518,123 | €1,855,732 | +€337,608 | +22.2% |
| Equity | 10/15 | €303 | €337,722 | +€337,420 | +111,533% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,697 | €322,722 | +€337,420 | |
| Amounts payable | 17/49 | €1,517,821 | €1,518,009 | +€189 | 0.0% |
| Amounts payable after more than one year | 17 | €1,515,122 | €1,515,122 | = | 0.0% |
| Financial debts | 170/4 | €1,515,122 | €1,515,122 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,699 | €1,888 | +€189 | +11.1% |
| Trade debts | 44 | €1,699 | €1,888 | +€189 | +11.1% |
| Suppliers | 440/4 | €1,699 | €1,888 | +€189 | +11.1% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€1,658 | -€1,721 | -€63 | -3.8% |
| Operating profit (loss) | 9901 | -€2,752 | -€2,848 | -€96 | -3.5% |
| Financial income | 75/76B | - | €340,538 | +€340,538 | |
| Recurring financial income | 75 | - | €340,538 | +€340,538 | |
| Financial charges | 65/66B | €290 | €271 | -€19 | -6.6% |
| Recurring financial charges | 65 | €290 | €271 | -€19 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,042 | €337,420 | +€340,461 | |
| Profit (loss) for the period | 9904 | -€3,042 | €337,420 | +€340,461 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,042 | €337,420 | +€340,461 |
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 14 October 2026 via checked.be.