't Wolvennest: what changed
What changed
't Wolvennest
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€95,599
2024 · -€32,820-€62,779
Equity
€513,540
2024 · €609,139-€95,599
Cash
€13,042
2024 · €834+€12,208
Balance sheet total
€1.6m
2024 · €944,850+€700,277
Largest movements
Assets
- Tangible fixed assets +€688,069
up €688,069 (+72.9%), from €943,701 to €1.6m
of which Land and buildings: +€688,710
Equity and liabilities
- Debts after one year +€717,802
up €717,802 (+257%), from €279,792 to €997,594
- Profit (loss) carried forward -€82,824
down €82,824 (-67.3%), from -€123,141 to -€205,965
- Current portion of long-term debt +€40,181
up €40,181 (+810%), from €4,963 to €45,145
- Other debts +€30,929
up €30,929 (+726%), from €4,262 to €35,192
Income statement
- Depreciation +€40,326
up €40,326 (+49.1%), from €82,059 to €122,384
- Financial charges +€26,433
up €26,433 (+142%), from €18,590 to €45,023
- Gross operating margin +€8,581
up €8,581 (+12.1%), from €70,816 to €79,397
- Other operating charges +€4,902
up €4,902 (+70.6%), from €6,944 to €11,846
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€32,820
Gross operating margin
+€8,581
Depreciation
-€40,326
Other operating charges
-€4,902
Financial charges
-€26,433
Deferred taxes and other
+€301
Result 2025
-€95,599
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€64,678
Investment
-€810,454
Financing
+€757,983
Cash 2024
€834
From operations (derived)
+€64,678
Net result for the year
-€95,599
Depreciation
+€122,384
Provisions
-€4,258
Trade debts
-€521
Other debts
+€30,929
Accrued charges and deferred income
+€11,742
Investment (derived)
-€810,454
Investment in fixed assets (net)
-€810,454
Financing
+€757,983
Debts after one year
+€717,802
Current portion of long-term debt
+€40,181
Cash 2025
€13,042
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €944,850 | €1,645,128 | +€700,277 | +74.1% |
| Fixed assets | 21/28 | €943,811 | €1,631,880 | +€688,069 | +72.9% |
| Tangible fixed assets | 22/27 | €943,701 | €1,631,770 | +€688,069 | +72.9% |
| Land and buildings | 22 | €942,098 | €1,630,808 | +€688,710 | +73.1% |
| Furniture and vehicles | 24 | €1,603 | €962 | -€641 | -40.0% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €1,040 | €13,248 | +€12,208 | +1,174% |
| Cash at bank and in hand | 54/58 | €834 | €13,042 | +€12,208 | +1,464% |
| Deferred charges and accrued income | 490/1 | €206 | €206 | = | 0.0% |
| Total equity and liabilities | 10/49 | €944,850 | €1,645,128 | +€700,277 | +74.1% |
| Equity | 10/15 | €609,139 | €513,540 | -€95,599 | -15.7% |
| Contributions | 10/11 | €618,600 | €618,600 | = | 0.0% |
| Reserves | 13 | €113,680 | €100,906 | -€12,774 | -11.2% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Reserves not available under the articles | 1311 | €120 | €120 | = | 0.0% |
| Tax-exempt reserves | 132 | €113,560 | €100,786 | -€12,774 | -11.2% |
| Profit (loss) carried forward | 14 | -€123,141 | -€205,965 | -€82,824 | -67.3% |
| Provisions and deferred taxes | 16 | €37,853 | €33,595 | -€4,258 | -11.2% |
| Deferred taxes | 168 | €37,853 | €33,595 | -€4,258 | -11.2% |
| Amounts payable | 17/49 | €297,858 | €1,097,992 | +€800,134 | +269% |
| Amounts payable after more than one year | 17 | €279,792 | €997,594 | +€717,802 | +257% |
| Financial debts | 170/4 | €279,792 | €997,594 | +€717,802 | +257% |
| Amounts payable within one year | 42/48 | €9,748 | €80,338 | +€70,590 | +724% |
| Current portion of amounts payable after more than one year | 42 | €4,963 | €45,145 | +€40,181 | +810% |
| Trade debts | 44 | €522 | €1 | -€521 | -99.7% |
| Suppliers | 440/4 | €522 | €1 | -€521 | -99.7% |
| Other amounts payable | 47/48 | €4,262 | €35,192 | +€30,929 | +726% |
| Accrued charges and deferred income | 492/3 | €8,318 | €20,060 | +€11,742 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,059 | €122,384 | +€40,326 | +49.1% |
| Other operating charges | 640/8 | €6,944 | €11,846 | +€4,902 | +70.6% |
| Gross operating margin | 9900 | €70,816 | €79,397 | +€8,581 | +12.1% |
| Operating profit (loss) | 9901 | -€18,187 | -€54,834 | -€36,647 | -202% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €18,590 | €45,023 | +€26,433 | +142% |
| Recurring financial charges | 65 | €18,590 | €45,023 | +€26,433 | +142% |
| Profit (loss) for the period before taxes | 9903 | -€36,777 | -€99,857 | -€63,080 | -172% |
| Transfer from deferred taxes | 780 | €3,957 | €4,258 | +€301 | +7.6% |
| Profit (loss) for the period | 9904 | -€32,820 | -€95,599 | -€62,779 | -191% |
| Transfer from tax-exempt reserves | 789 | €11,871 | €12,774 | +€904 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,949 | -€82,824 | -€61,875 | -295% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.