WOLF EXPRESS: 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.
WOLF EXPRESS
Largest movements
- Tangible fixed assets -€20,479
down €20,479 (-38.0%), from €53,942 to €33,463
of which Furniture and vehicles: -€18,507
- Debts after one year -€76,362
down €76,362 (-41.3%), from €184,801 to €108,439
- Reserves +€29,158
up €29,158 (+102.0%), from €28,581 to €57,738
- Tax, wage and social debts -€27,762
down €27,762 (-39.1%), from €70,957 to €43,195
of which Taxes: -€17,423
- Trade debts +€26,925
up €26,925 (+18.1%), from €149,089 to €176,015
- Short-term financial debts +€17,645
new in 2025: €17,645
- Gross operating margin -€82,745
down €82,745 (-31.7%), from €260,728 to €177,983
- Staff costs -€72,097
down €72,097 (-43.0%), from €167,652 to €95,554
- Taxes -€6,199
down €6,199 (-54.3%), from €11,423 to €5,224
- Write-downs -€6,099
down €6,099 (-100.0%), from €6,099 to €0
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 | €604,152 | €590,449 | -€13,703 | -2.3% |
| Fixed assets | 21/28 | €404,222 | €383,463 | -€20,759 | -5.1% |
| Tangible fixed assets | 22/27 | €53,942 | €33,463 | -€20,479 | -38.0% |
| Plant, machinery and equipment | 23 | €6,418 | €4,446 | -€1,972 | -30.7% |
| Furniture and vehicles | 24 | €47,524 | €29,017 | -€18,507 | -38.9% |
| Financial fixed assets | 28 | €350,280 | €350,000 | -€280 | -0.1% |
| Current assets | 29/58 | €199,930 | €206,986 | +€7,056 | +3.5% |
| Amounts receivable within one year | 40/41 | €182,821 | €188,662 | +€5,840 | +3.2% |
| Trade receivables | 40 | €175,788 | €187,348 | +€11,560 | +6.6% |
| Other amounts receivable | 41 | €7,033 | €1,314 | -€5,719 | -81.3% |
| Cash at bank and in hand | 54/58 | €1,631 | €3,099 | +€1,468 | +90.0% |
| Deferred charges and accrued income | 490/1 | €15,478 | €15,225 | -€253 | -1.6% |
| Total equity and liabilities | 10/49 | €604,152 | €590,449 | -€13,703 | -2.3% |
| Equity | 10/15 | €48,581 | €77,738 | +€29,158 | +60.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,581 | €57,738 | +€29,158 | +102.0% |
| Distributable reserves | 133 | €28,581 | €57,738 | +€29,158 | +102.0% |
| Amounts payable | 17/49 | €555,571 | €512,710 | -€42,861 | -7.7% |
| Amounts payable after more than one year | 17 | €184,801 | €108,439 | -€76,362 | -41.3% |
| Financial debts | 170/4 | €184,801 | €108,439 | -€76,362 | -41.3% |
| Amounts payable within one year | 42/48 | €370,770 | €404,272 | +€33,502 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €71,055 | €76,362 | +€5,307 | +7.5% |
| Financial debts | 43 | - | €17,645 | +€17,645 | |
| Credit institutions | 430/8 | - | €17,645 | +€17,645 | |
| Trade debts | 44 | €149,089 | €176,015 | +€26,925 | +18.1% |
| Suppliers | 440/4 | €149,089 | €176,015 | +€26,925 | +18.1% |
| Taxes, remuneration and social security | 45 | €70,957 | €43,195 | -€27,762 | -39.1% |
| Taxes | 450/3 | €44,189 | €26,767 | -€17,423 | -39.4% |
| Remuneration and social security | 454/9 | €26,768 | €16,428 | -€10,340 | -38.6% |
| Other amounts payable | 47/48 | €79,669 | €91,055 | +€11,386 | +14.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €167,652 | €95,554 | -€72,097 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,233 | €21,417 | +€184 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,099 | €0 | -€6,099 | -100.0% |
| Other operating charges | 640/8 | €9,857 | €8,799 | -€1,058 | -10.7% |
| Non-recurring operating charges | 66A | - | €3,130 | +€3,130 | |
| Gross operating margin | 9900 | €260,728 | €177,983 | -€82,745 | -31.7% |
| Operating profit (loss) | 9901 | €55,887 | €49,083 | -€6,804 | -12.2% |
| Financial income | 75/76B | €20 | €2,018 | +€1,999 | +10073.6% |
| Recurring financial income | 75 | €20 | €2,018 | +€1,999 | +10073.6% |
| Financial charges | 65/66B | €18,925 | €16,720 | -€2,205 | -11.7% |
| Recurring financial charges | 65 | €18,925 | €16,720 | -€2,205 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €36,981 | €34,381 | -€2,600 | -7.0% |
| Income taxes | 67/77 | €11,423 | €5,224 | -€6,199 | -54.3% |
| Profit (loss) for the period | 9904 | €25,558 | €29,158 | +€3,599 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,558 | €29,158 | +€3,599 | +14.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.