Wolf: 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.
Wolf
Largest movements
- Receivables within one year -€6,457
no longer reported in 2025 (was €6,457)
- Cash -€4,235
down €4,235 (-68.8%), from €6,157 to €1,922
mainly Trade debts (-€7,424) and Net result for the year (-€4,005)
- Stocks and contracts +€4,000
new in 2025: €4,000
- Deferred charges and accrued income -€1,271
down €1,271 (-93.8%), from €1,355 to €84
- Tangible fixed assets -€496
down €496 (-76.8%), from €646 to €150
- Trade debts -€7,424
down €7,424 (-75.5%), from €9,836 to €2,412
- Profit (loss) carried forward -€3,939
new in 2025: -€3,939
- Other debts +€1,544
up €1,544 (+136.1%), from €1,134 to €2,678
- Tax, wage and social debts +€1,426
up €1,426 (+246.3%), from €579 to €2,005
- Other operating charges +€3,858
new in 2025: €3,858
- Gross operating margin -€465
down €465 (-53.0%), from €878 to €413
- Taxes -€338
no longer reported in 2025 (was €338)
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 | €14,615 | €6,156 | -€8,459 | -57.9% |
| Fixed assets | 21/28 | €646 | €150 | -€496 | -76.8% |
| Tangible fixed assets | 22/27 | €646 | €150 | -€496 | -76.8% |
| Other tangible fixed assets | 26 | €646 | €150 | -€496 | -76.8% |
| Current assets | 29/58 | €13,969 | €6,006 | -€7,963 | -57.0% |
| Stocks and contracts in progress | 3 | - | €4,000 | +€4,000 | |
| Stocks | 30/36 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €6,457 | - | -€6,457 | |
| Trade receivables | 40 | €6,457 | - | -€6,457 | |
| Cash at bank and in hand | 54/58 | €6,157 | €1,922 | -€4,235 | -68.8% |
| Deferred charges and accrued income | 490/1 | €1,355 | €84 | -€1,271 | -93.8% |
| Total equity and liabilities | 10/49 | €14,615 | €6,156 | -€8,459 | -57.9% |
| Equity | 10/15 | €3,066 | -€939 | -€4,005 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66 | - | -€66 | |
| Distributable reserves | 133 | €66 | - | -€66 | |
| Profit (loss) carried forward | 14 | - | -€3,939 | -€3,939 | |
| Amounts payable | 17/49 | €11,549 | €7,095 | -€4,454 | -38.6% |
| Amounts payable within one year | 42/48 | €11,549 | €7,095 | -€4,454 | -38.6% |
| Trade debts | 44 | €9,836 | €2,412 | -€7,424 | -75.5% |
| Suppliers | 440/4 | €9,836 | €2,412 | -€7,424 | -75.5% |
| Taxes, remuneration and social security | 45 | €579 | €2,005 | +€1,426 | +246.3% |
| Taxes | 450/3 | €579 | €2,005 | +€1,426 | +246.3% |
| Other amounts payable | 47/48 | €1,134 | €2,678 | +€1,544 | +136.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €496 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €3,858 | +€3,858 | |
| Gross operating margin | 9900 | €878 | €413 | -€465 | -53.0% |
| Operating profit (loss) | 9901 | €382 | -€3,941 | -€4,323 | |
| Financial charges | 65/66B | €61 | €64 | +€3 | +4.2% |
| Recurring financial charges | 65 | €61 | €64 | +€3 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €321 | -€4,005 | -€4,326 | |
| Income taxes | 67/77 | €338 | - | -€338 | |
| Profit (loss) for the period | 9904 | -€18 | -€4,005 | -€3,988 | -22747.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18 | -€4,005 | -€3,988 | -22747.3% |
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 4 October 2026 via checked.be.