The Wolf Wisdom: 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.
The Wolf Wisdom
Largest movements
- Cash -€3,051
down €3,051 (-31.5%), from €9,687 to €6,636
mainly Net result for the year (-€5,442) and Investment in fixed assets (net) (-€1,205)
- Receivables within one year -€1,349
down €1,349 (-34.2%), from €3,940 to €2,591
of which Other amounts receivable: -€973
- Tangible fixed assets +€454
up €454 (+42.5%), from €1,067 to €1,521
- Profit (loss) carried forward -€5,442
down €5,442 (-15.5%), from -€35,155 to -€40,597
- Tax, wage and social debts +€1,023
up €1,023 (+1,380%), from €74 to €1,097
- Accrued charges and deferred income +€470
new in 2025: €470
- Gross operating margin -€10,740
down €10,740, from €6,820 to -€3,920
- Depreciation +€151
up €151 (+25.2%), from €600 to €751
- Financial income +€70
new in 2025: €70
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 | €15,307 | €11,254 | -€4,053 | -26.5% |
| Fixed assets | 21/28 | €1,067 | €1,521 | +€454 | +42.5% |
| Tangible fixed assets | 22/27 | €1,067 | €1,521 | +€454 | +42.5% |
| Furniture and vehicles | 24 | €1,067 | €1,521 | +€454 | +42.5% |
| Current assets | 29/58 | €14,240 | €9,733 | -€4,507 | -31.6% |
| Amounts receivable within one year | 40/41 | €3,940 | €2,591 | -€1,349 | -34.2% |
| Trade receivables | 40 | €375 | - | -€375 | |
| Other amounts receivable | 41 | €3,564 | €2,591 | -€973 | -27.3% |
| Cash at bank and in hand | 54/58 | €9,687 | €6,636 | -€3,051 | -31.5% |
| Deferred charges and accrued income | 490/1 | €613 | €506 | -€107 | -17.5% |
| Total equity and liabilities | 10/49 | €15,307 | €11,254 | -€4,053 | -26.5% |
| Equity | 10/15 | €14,845 | €9,403 | -€5,442 | -36.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,155 | -€40,597 | -€5,442 | -15.5% |
| Amounts payable | 17/49 | €461 | €1,850 | +€1,389 | +301% |
| Amounts payable within one year | 42/48 | €461 | €1,380 | +€919 | +199% |
| Trade debts | 44 | €387 | €283 | -€104 | -26.9% |
| Suppliers | 440/4 | €387 | €283 | -€104 | -26.9% |
| Taxes, remuneration and social security | 45 | €74 | €1,097 | +€1,023 | +1,380% |
| Taxes | 450/3 | €74 | €1,097 | +€1,023 | +1,380% |
| Accrued charges and deferred income | 492/3 | - | €470 | +€470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €751 | +€151 | +25.2% |
| Other operating charges | 640/8 | €565 | €631 | +€66 | +11.8% |
| Gross operating margin | 9900 | €6,820 | -€3,920 | -€10,740 | |
| Operating profit (loss) | 9901 | €5,655 | -€5,303 | -€10,958 | |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €46 | €68 | +€22 | +47.8% |
| Recurring financial charges | 65 | €46 | €68 | +€22 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €5,609 | -€5,301 | -€10,910 | |
| Income taxes | 67/77 | €74 | €141 | +€67 | +90.1% |
| Profit (loss) for the period | 9904 | €5,535 | -€5,442 | -€10,977 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,535 | -€5,442 | -€10,977 |
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.