WOLF GRAPHICS: 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 GRAPHICS
Largest movements
- Receivables within one year -€7,815
down €7,815 (-41.6%), from €18,771 to €10,956
of which Trade receivables: -€7,525
- Tangible fixed assets -€6,413
down €6,413 (-6.5%), from €98,748 to €92,336
of which Land and buildings: -€8,435
- Cash -€2,519
down €2,519 (-38.8%), from €6,487 to €3,969
mainly Debts after one year (-€10,170) and Other debts (-€6,242)
- Debts after one year -€10,170
down €10,170 (-36.3%), from €28,054 to €17,884
- Other debts -€6,242
down €6,242 (-18.3%), from €34,143 to €27,901
- Trade debts -€3,793
down €3,793 (-43.6%), from €8,693 to €4,900
- Reserves +€3,662
up €3,662 (+12.9%), from €28,462 to €32,123
- Gross operating margin -€980
down €980 (-4.1%), from €23,754 to €22,774
- Other operating charges +€854
up €854 (+65.7%), from €1,300 to €2,155
- Taxes -€681
down €681 (-19.6%), from €3,467 to €2,786
- Financial charges -€665
down €665 (-15.5%), from €4,294 to €3,630
- Financial income +€445
up €445 (+21487.9%), from €2 to €447
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 | €125,077 | €108,998 | -€16,079 | -12.9% |
| Fixed assets | 21/28 | €98,748 | €92,336 | -€6,413 | -6.5% |
| Tangible fixed assets | 22/27 | €98,748 | €92,336 | -€6,413 | -6.5% |
| Land and buildings | 22 | €96,988 | €88,553 | -€8,435 | -8.7% |
| Furniture and vehicles | 24 | €1,760 | €3,783 | +€2,022 | +114.9% |
| Current assets | 29/58 | €26,329 | €16,662 | -€9,666 | -36.7% |
| Amounts receivable within one year | 40/41 | €18,771 | €10,956 | -€7,815 | -41.6% |
| Trade receivables | 40 | €17,161 | €9,636 | -€7,525 | -43.8% |
| Other amounts receivable | 41 | €1,610 | €1,320 | -€290 | -18.0% |
| Cash at bank and in hand | 54/58 | €6,487 | €3,969 | -€2,519 | -38.8% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,738 | +€667 | +62.3% |
| Total equity and liabilities | 10/49 | €125,077 | €108,998 | -€16,079 | -12.9% |
| Equity | 10/15 | €40,862 | €44,523 | +€3,662 | +9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28,462 | €32,123 | +€3,662 | +12.9% |
| Distributable reserves | 133 | €28,462 | €32,123 | +€3,662 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,215 | €64,475 | -€19,741 | -23.4% |
| Amounts payable after more than one year | 17 | €28,054 | €17,884 | -€10,170 | -36.3% |
| Financial debts | 170/4 | €28,054 | €17,884 | -€10,170 | -36.3% |
| Amounts payable within one year | 42/48 | €53,925 | €44,682 | -€9,244 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €9,769 | €10,170 | +€400 | +4.1% |
| Financial debts | 43 | €1,131 | €1,141 | +€10 | +0.9% |
| Credit institutions | 430/8 | €74 | €1,141 | +€1,067 | +1445.0% |
| Other loans | 439 | €1,057 | €0 | -€1,057 | -100.0% |
| Trade debts | 44 | €8,693 | €4,900 | -€3,793 | -43.6% |
| Suppliers | 440/4 | €8,693 | €4,900 | -€3,793 | -43.6% |
| Taxes, remuneration and social security | 45 | €189 | €571 | +€382 | +201.9% |
| Taxes | 450/3 | €189 | €571 | +€382 | +201.9% |
| Other amounts payable | 47/48 | €34,143 | €27,901 | -€6,242 | -18.3% |
| Accrued charges and deferred income | 492/3 | €2,237 | €1,909 | -€327 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,735 | €10,156 | +€421 | +4.3% |
| Other operating charges | 640/8 | €1,300 | €2,155 | +€854 | +65.7% |
| Gross operating margin | 9900 | €23,754 | €22,774 | -€980 | -4.1% |
| Operating profit (loss) | 9901 | €12,719 | €10,463 | -€2,256 | -17.7% |
| Financial income | 75/76B | €2 | €447 | +€445 | +21487.9% |
| Recurring financial income | 75 | €2 | €447 | +€445 | +21487.9% |
| Financial charges | 65/66B | €4,294 | €3,630 | -€665 | -15.5% |
| Recurring financial charges | 65 | €4,294 | €3,630 | -€665 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €8,427 | €7,280 | -€1,147 | -13.6% |
| Income taxes | 67/77 | €3,467 | €2,786 | -€681 | -19.6% |
| Profit (loss) for the period | 9904 | €4,960 | €4,495 | -€465 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,960 | €4,495 | -€465 | -9.4% |
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 12 October 2026 via checked.be.