Wolf & Lewis: 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 & Lewis
Largest movements
- Stocks and contracts -€639
down €639 (-1.8%), from €36,232 to €35,592
- Cash -€628
down €628 (-72.1%), from €871 to €243
mainly Net result for the year (-€4,469) and Receivables within one year (-€251)
- Profit (loss) carried forward -€4,469
down €4,469 (-6.7%), from -€66,698 to -€71,167
- Other debts +€3,421
up €3,421 (+4.1%), from €83,873 to €87,294
- Gross operating margin +€667
up €667 (+15.4%), from -€4,327 to -€3,659
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 | €37,436 | €36,419 | -€1,017 | -2.7% |
| Current assets | 29/58 | €37,436 | €36,419 | -€1,017 | -2.7% |
| Stocks and contracts in progress | 3 | €36,232 | €35,592 | -€639 | -1.8% |
| Stocks | 30/36 | €36,232 | €35,592 | -€639 | -1.8% |
| Amounts receivable within one year | 40/41 | €333 | €584 | +€251 | +75.2% |
| Other amounts receivable | 41 | €333 | €584 | +€251 | +75.2% |
| Cash at bank and in hand | 54/58 | €871 | €243 | -€628 | -72.1% |
| Total equity and liabilities | 10/49 | €37,436 | €36,419 | -€1,017 | -2.7% |
| Equity | 10/15 | -€46,698 | -€51,167 | -€4,469 | -9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,698 | -€71,167 | -€4,469 | -6.7% |
| Amounts payable | 17/49 | €84,133 | €87,586 | +€3,452 | +4.1% |
| Amounts payable within one year | 42/48 | €84,133 | €87,586 | +€3,452 | +4.1% |
| Trade debts | 44 | €261 | €292 | +€31 | +11.9% |
| Suppliers | 440/4 | €261 | €292 | +€31 | +11.9% |
| Other amounts payable | 47/48 | €83,873 | €87,294 | +€3,421 | +4.1% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€4,327 | -€3,659 | +€667 | +15.4% |
| Operating profit (loss) | 9901 | -€4,855 | -€4,203 | +€651 | +13.4% |
| Financial charges | 65/66B | €283 | €266 | -€17 | -5.9% |
| Recurring financial charges | 65 | €283 | €266 | -€17 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,137 | -€4,469 | +€668 | +13.0% |
| Profit (loss) for the period | 9904 | -€5,137 | -€4,469 | +€668 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,137 | -€4,469 | +€668 | +13.0% |
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.