WOLF LUC: 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.
What changed
WOLF LUC
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,329
2024 · €17,547-€12,218
Equity
€824,388
2024 · €819,059+€5,329
Cash
€2,317
2024 · €6,997-€4,679
Balance sheet total
€1.9m
2024 · €1.9m-€30,466
Largest movements
Assets
- Tangible fixed assets -€25,697
down €25,697 (-2.9%), from €871,341 to €845,645
of which Land and buildings: -€25,329
Equity and liabilities
- Debts after one year -€58,093
down €58,093 (-11.3%), from €514,582 to €456,489
Income statement
- Other operating charges +€11,148
up €11,148 (+1160.9%), from €960 to €12,108
- Gross operating margin -€3,446
down €3,446 (-5.9%), from €58,613 to €55,167
- Taxes -€1,303
down €1,303 (-46.7%), from €2,789 to €1,486
- Financial charges -€1,072
down €1,072 (-9.2%), from €11,621 to €10,549
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.
Result 2024
€17,547
Gross operating margin
-€3,446
Other operating charges
-€11,148
Financial income
+€1
Financial charges
+€1,072
Taxes
+€1,303
Result 2025
€5,329
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.
From operations
+€52,240
Investment
€0
Financing
-€56,920
Cash 2024
€6,997
From operations (derived)
+€52,240
Net result for the year
+€5,329
Depreciation
+€25,697
Smaller working-capital items
+€90
Trade debts
+€10,050
Tax, wage and social debts
+€10,031
Other debts
-€2,932
Accrued charges and deferred income
+€3,976
Financing
-€56,920
Debts after one year
-€58,093
Current portion of long-term debt
+€1,173
Cash 2025
€2,317
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,880,921 | €1,850,455 | -€30,466 | -1.6% |
| Fixed assets | 21/28 | €1,119,741 | €1,094,044 | -€25,697 | -2.3% |
| Tangible fixed assets | 22/27 | €871,341 | €845,645 | -€25,697 | -2.9% |
| Land and buildings | 22 | €860,414 | €835,085 | -€25,329 | -2.9% |
| Plant, machinery and equipment | 23 | €10,928 | €10,560 | -€368 | -3.4% |
| Financial fixed assets | 28 | €248,400 | €248,400 | = | 0.0% |
| Current assets | 29/58 | €761,180 | €756,410 | -€4,769 | -0.6% |
| Stocks and contracts in progress | 3 | €744,340 | €744,340 | = | 0.0% |
| Stocks | 30/36 | €744,340 | €744,340 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,437 | €9,446 | +€9 | +0.1% |
| Trade receivables | 40 | €8,422 | €8,422 | = | 0.0% |
| Other amounts receivable | 41 | €1,016 | €1,025 | +€9 | +0.9% |
| Cash at bank and in hand | 54/58 | €6,997 | €2,317 | -€4,679 | -66.9% |
| Deferred charges and accrued income | 490/1 | €406 | €307 | -€99 | -24.4% |
| Total equity and liabilities | 10/49 | €1,880,921 | €1,850,455 | -€30,466 | -1.6% |
| Equity | 10/15 | €819,059 | €824,388 | +€5,329 | +0.7% |
| Contributions | 10/11 | €409,319 | €409,319 | = | 0.0% |
| Capital | 10 | €409,319 | €409,319 | = | 0.0% |
| Issued capital | 100 | €409,319 | €409,319 | = | 0.0% |
| Reserves | 13 | €400,487 | €400,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,932 | €40,932 | = | 0.0% |
| Legal reserve | 130 | €40,932 | €40,932 | = | 0.0% |
| Distributable reserves | 133 | €359,555 | €359,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,253 | €14,581 | +€5,329 | +57.6% |
| Amounts payable | 17/49 | €1,061,862 | €1,026,067 | -€35,795 | -3.4% |
| Amounts payable after more than one year | 17 | €514,582 | €456,489 | -€58,093 | -11.3% |
| Financial debts | 170/4 | €514,582 | €456,489 | -€58,093 | -11.3% |
| Amounts payable within one year | 42/48 | €545,606 | €563,928 | +€18,322 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €57,670 | €58,843 | +€1,173 | +2.0% |
| Trade debts | 44 | €1,528 | €11,578 | +€10,050 | +657.7% |
| Suppliers | 440/4 | €1,528 | €11,578 | +€10,050 | +657.7% |
| Taxes, remuneration and social security | 45 | €11,973 | €22,004 | +€10,031 | +83.8% |
| Taxes | 450/3 | €11,973 | €11,204 | -€769 | -6.4% |
| Remuneration and social security | 454/9 | - | €10,800 | +€10,800 | |
| Other amounts payable | 47/48 | €474,435 | €471,503 | -€2,932 | -0.6% |
| Accrued charges and deferred income | 492/3 | €1,674 | €5,650 | +€3,976 | +237.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,697 | €25,697 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €12,108 | +€11,148 | +1160.9% |
| Gross operating margin | 9900 | €58,613 | €55,167 | -€3,446 | -5.9% |
| Operating profit (loss) | 9901 | €31,957 | €17,363 | -€14,594 | -45.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €11,621 | €10,549 | -€1,072 | -9.2% |
| Recurring financial charges | 65 | €11,621 | €10,549 | -€1,072 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €20,335 | €6,814 | -€13,521 | -66.5% |
| Income taxes | 67/77 | €2,789 | €1,486 | -€1,303 | -46.7% |
| Profit (loss) for the period | 9904 | €17,547 | €5,329 | -€12,218 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,547 | €5,329 | -€12,218 | -69.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.