Wolf By JPC: 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 By JPC
Largest movements
- Stocks and contracts +€11,200
new in 2025: €11,200
- Cash +€8,867
up €8,867 (+108.7%), from €8,154 to €17,021
mainly Net result for the year (+€20,704) and Receivables within one year (+€6,050)
- Receivables within one year -€6,050
down €6,050 (-87.2%), from €6,942 to €892
of which Trade receivables: -€6,050
- Tangible fixed assets +€2,032
up €2,032 (+118.8%), from €1,710 to €3,742
- Profit (loss) carried forward +€20,704
up €20,704 (+22.4%), from -€92,396 to -€71,692
- Trade debts -€5,118
down €5,118 (-41.6%), from €12,317 to €7,199
- Tax, wage and social debts +€1,490
up €1,490 (+184.0%), from €810 to €2,300
- Other debts -€1,028
down €1,028 (-2.1%), from €49,275 to €48,248
- Gross operating margin +€30,964
up €30,964, from -€7,762 to €23,203
- Staff costs -€23,874
no longer reported in 2025 (was €23,874)
- Financial charges -€1,992
down €1,992 (-88.7%), from €2,246 to €255
- Other operating charges -€1,389
down €1,389 (-40.3%), from €3,447 to €2,058
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 | €20,006 | €36,055 | +€16,049 | +80.2% |
| Fixed assets | 21/28 | €4,910 | €6,942 | +€2,032 | +41.4% |
| Tangible fixed assets | 22/27 | €1,710 | €3,742 | +€2,032 | +118.8% |
| Furniture and vehicles | 24 | €1,710 | €3,742 | +€2,032 | +118.8% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €15,096 | €29,113 | +€14,017 | +92.9% |
| Stocks and contracts in progress | 3 | - | €11,200 | +€11,200 | |
| Stocks | 30/36 | - | €11,200 | +€11,200 | |
| Amounts receivable within one year | 40/41 | €6,942 | €892 | -€6,050 | -87.2% |
| Trade receivables | 40 | €6,550 | €500 | -€6,050 | -92.4% |
| Other amounts receivable | 41 | €392 | €392 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,154 | €17,021 | +€8,867 | +108.7% |
| Total equity and liabilities | 10/49 | €20,006 | €36,055 | +€16,049 | +80.2% |
| Equity | 10/15 | -€42,396 | -€21,692 | +€20,704 | +48.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | - | €50,000 | +€50,000 | |
| Issued capital | 100 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | -€92,396 | -€71,692 | +€20,704 | +22.4% |
| Amounts payable | 17/49 | €62,402 | €57,746 | -€4,655 | -7.5% |
| Amounts payable within one year | 42/48 | €62,402 | €57,746 | -€4,655 | -7.5% |
| Trade debts | 44 | €12,317 | €7,199 | -€5,118 | -41.6% |
| Suppliers | 440/4 | €12,317 | €7,199 | -€5,118 | -41.6% |
| Taxes, remuneration and social security | 45 | €810 | €2,300 | +€1,490 | +184.0% |
| Taxes | 450/3 | €810 | €2,300 | +€1,490 | +184.0% |
| Other amounts payable | 47/48 | €49,275 | €48,248 | -€1,028 | -2.1% |
| Remuneration, social security and pensions | 62 | €23,874 | - | -€23,874 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €34 | +€34 | |
| Other operating charges | 640/8 | €3,447 | €2,058 | -€1,389 | -40.3% |
| Non-recurring operating charges | 66A | €51,893 | €151 | -€51,741 | -99.7% |
| Gross operating margin | 9900 | -€7,762 | €23,203 | +€30,964 | |
| Operating profit (loss) | 9901 | -€86,976 | €20,959 | +€107,934 | |
| Financial charges | 65/66B | €2,246 | €255 | -€1,992 | -88.7% |
| Recurring financial charges | 65 | €2,246 | €255 | -€1,992 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | -€89,222 | €20,704 | +€109,926 | |
| Income taxes | 67/77 | €32 | - | -€32 | |
| Profit (loss) for the period | 9904 | -€89,254 | €20,704 | +€109,958 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,254 | €20,704 | +€109,958 |
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 5 October 2026 via checked.be.