Ultra 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.
Ultra Wolf
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+39.5%), from €506,398 to €706,398
- Receivables after one year +€185,400
new in 2025: €185,400
- Cash +€44,644
up €44,644 (+1,115%), from €4,005 to €48,649
mainly Debts after one year (+€328,468) and Current portion of long-term debt (+€46,221)
- Debts after one year +€328,468
up €328,468 (+27.9%), from €1.2m to €1.5m
of which Other amounts payable: +€305,500
- Current portion of long-term debt +€46,221
up €46,221 (+62.7%), from €73,713 to €119,934
- Other debts +€35,462
up €35,462 (+73.5%), from €48,280 to €83,741
- Reserves +€20,390
up €20,390 (+12.1%), from €168,994 to €189,384
- Financial charges +€14,179
up €14,179 (+45.1%), from €31,460 to €45,639
- Financial income +€2,454
up €2,454 (+38.1%), from €6,448 to €8,901
- Taxes +€1,566
up €1,566 (+15.1%), from €10,344 to €11,910
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 | €1,557,308 | €1,978,386 | +€421,078 | +27.0% |
| Fixed assets | 21/28 | €746,099 | €936,099 | +€190,000 | +25.5% |
| Intangible fixed assets | 21 | €49,701 | €39,701 | -€10,000 | -20.1% |
| Tangible fixed assets | 22/27 | €190,000 | €190,000 | = | 0.0% |
| Land and buildings | 22 | €190,000 | €190,000 | = | 0.0% |
| Financial fixed assets | 28 | €506,398 | €706,398 | +€200,000 | +39.5% |
| Current assets | 29/58 | €811,209 | €1,042,287 | +€231,078 | +28.5% |
| Amounts receivable after more than one year | 29 | - | €185,400 | +€185,400 | |
| Other amounts receivable | 291 | - | €185,400 | +€185,400 | |
| Stocks and contracts in progress | 3 | €789,374 | €789,374 | = | 0.0% |
| Stocks | 30/36 | €789,374 | €789,374 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,940 | €17,303 | +€363 | +2.1% |
| Trade receivables | 40 | €16,940 | €17,303 | +€363 | +2.1% |
| Cash at bank and in hand | 54/58 | €4,005 | €48,649 | +€44,644 | +1,115% |
| Deferred charges and accrued income | 490/1 | €890 | €1,562 | +€672 | +75.4% |
| Total equity and liabilities | 10/49 | €1,557,308 | €1,978,386 | +€421,078 | +27.0% |
| Equity | 10/15 | €169,094 | €189,484 | +€20,390 | +12.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €168,994 | €189,384 | +€20,390 | +12.1% |
| Distributable reserves | 133 | €168,994 | €189,384 | +€20,390 | +12.1% |
| Amounts payable | 17/49 | €1,388,214 | €1,788,902 | +€400,688 | +28.9% |
| Amounts payable after more than one year | 17 | €1,178,627 | €1,507,094 | +€328,468 | +27.9% |
| Financial debts | 170/4 | €1,178,627 | €1,201,594 | +€22,968 | +1.9% |
| Other amounts payable | 178/9 | - | €305,500 | +€305,500 | |
| Amounts payable within one year | 42/48 | €209,588 | €281,808 | +€72,221 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €73,713 | €119,934 | +€46,221 | +62.7% |
| Trade debts | 44 | €31,236 | €17,702 | -€13,535 | -43.3% |
| Suppliers | 440/4 | €31,236 | €17,702 | -€13,535 | -43.3% |
| Taxes, remuneration and social security | 45 | €56,358 | €60,431 | +€4,073 | +7.2% |
| Taxes | 450/3 | €56,358 | €60,431 | +€4,073 | +7.2% |
| Other amounts payable | 47/48 | €48,280 | €83,741 | +€35,462 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,691 | €1,347 | -€343 | -20.3% |
| Gross operating margin | 9900 | €81,037 | €80,386 | -€651 | -0.8% |
| Operating profit (loss) | 9901 | €69,346 | €69,038 | -€308 | -0.4% |
| Financial income | 75/76B | €6,448 | €8,901 | +€2,454 | +38.1% |
| Recurring financial income | 75 | €6,448 | €8,901 | +€2,454 | +38.1% |
| Financial charges | 65/66B | €31,460 | €45,639 | +€14,179 | +45.1% |
| Recurring financial charges | 65 | €31,460 | €45,639 | +€14,179 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €44,333 | €32,300 | -€12,033 | -27.1% |
| Income taxes | 67/77 | €10,344 | €11,910 | +€1,566 | +15.1% |
| Profit (loss) for the period | 9904 | €33,989 | €20,390 | -€13,599 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,989 | €20,390 | -€13,599 | -40.0% |
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 24 October 2026 via checked.be.