Sharpandwolf: what changed
Two fiscal 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.
Sharpandwolf
Largest movements
- Receivables within one year +€67,267
up €67,267 (+150.3%), from €44,741 to €112,008
of which Trade receivables: +€45,486
- Tangible fixed assets -€62,705
down €62,705 (-12.9%), from €487,192 to €424,487
of which Other tangible fixed assets: -€56,649
- Cash -€30,089
down €30,089 (-15.5%), from €194,631 to €164,542
mainly Receivables within one year (-€67,267) and Debts after one year (-€40,295)
- Intangible fixed assets -€7,881
down €7,881 (-39.8%), from €19,777 to €11,896
- Trade debts +€46,992
up €46,992 (+73.3%), from €64,069 to €111,061
- Debts after one year -€40,295
down €40,295 (-21.5%), from €186,990 to €146,695
- Profit (loss) carried forward -€31,277
down €31,277 (-8.3%), from €374,768 to €343,491
- Other debts -€17,488
down €17,488 (-22.9%), from €76,385 to €58,897
- Tax, wage and social debts +€11,632
new in 2025: €11,632
- Gross operating margin -€174,434
down €174,434 (-76.6%), from €227,583 to €53,149
- Taxes -€37,580
no longer reported in 2025 (was €37,580)
- Depreciation -€4,306
down €4,306 (-5.1%), from €84,999 to €80,692
- Other operating charges -€2,280
down €2,280 (-61.4%), from €3,713 to €1,433
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 | €746,341 | €716,085 | -€30,256 | -4.1% |
| Fixed assets | 21/28 | €506,969 | €436,383 | -€70,586 | -13.9% |
| Intangible fixed assets | 21 | €19,777 | €11,896 | -€7,881 | -39.8% |
| Tangible fixed assets | 22/27 | €487,192 | €424,487 | -€62,705 | -12.9% |
| Plant, machinery and equipment | 23 | €736 | €636 | -€100 | -13.5% |
| Furniture and vehicles | 24 | €47,211 | €41,255 | -€5,956 | -12.6% |
| Other tangible fixed assets | 26 | €439,244 | €382,595 | -€56,649 | -12.9% |
| Current assets | 29/58 | €239,372 | €279,702 | +€40,330 | +16.8% |
| Amounts receivable within one year | 40/41 | €44,741 | €112,008 | +€67,267 | +150.3% |
| Trade receivables | 40 | €36,102 | €81,588 | +€45,486 | +126.0% |
| Other amounts receivable | 41 | €8,639 | €30,420 | +€21,781 | +252.1% |
| Cash at bank and in hand | 54/58 | €194,631 | €164,542 | -€30,089 | -15.5% |
| Deferred charges and accrued income | 490/1 | - | €3,152 | +€3,152 | |
| Total equity and liabilities | 10/49 | €746,341 | €716,085 | -€30,256 | -4.1% |
| Equity | 10/15 | €399,310 | €368,032 | -€31,277 | -7.8% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €2,231 | €2,231 | = | 0.0% |
| Distributable reserves | 133 | €2,231 | €2,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | €374,768 | €343,491 | -€31,277 | -8.3% |
| Amounts payable | 17/49 | €347,031 | €348,053 | +€1,021 | +0.3% |
| Amounts payable after more than one year | 17 | €186,990 | €146,695 | -€40,295 | -21.5% |
| Financial debts | 170/4 | €186,990 | €146,695 | -€40,295 | -21.5% |
| Amounts payable within one year | 42/48 | €160,041 | €201,357 | +€41,316 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €19,587 | €19,767 | +€179 | +0.9% |
| Trade debts | 44 | €64,069 | €111,061 | +€46,992 | +73.3% |
| Suppliers | 440/4 | €64,069 | €111,061 | +€46,992 | +73.3% |
| Taxes, remuneration and social security | 45 | - | €11,632 | +€11,632 | |
| Taxes | 450/3 | - | €11,632 | +€11,632 | |
| Other amounts payable | 47/48 | €76,385 | €58,897 | -€17,488 | -22.9% |
| Non-recurring operating income | 76A | - | €6,017 | +€6,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,999 | €80,692 | -€4,306 | -5.1% |
| Other operating charges | 640/8 | €3,713 | €1,433 | -€2,280 | -61.4% |
| Gross operating margin | 9900 | €227,583 | €53,149 | -€174,434 | -76.6% |
| Operating profit (loss) | 9901 | €138,872 | -€28,976 | -€167,848 | |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €2,275 | €2,301 | +€26 | +1.1% |
| Recurring financial charges | 65 | €2,275 | €2,301 | +€26 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €136,620 | -€31,277 | -€167,897 | |
| Income taxes | 67/77 | €37,580 | - | -€37,580 | |
| Profit (loss) for the period | 9904 | €99,040 | -€31,277 | -€130,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,040 | -€31,277 | -€130,317 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.