WOLF Performance: 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 Performance
Largest movements
- Tangible fixed assets +€25,280
up €25,280 (+38.8%), from €65,178 to €90,458
of which Leasing and similar rights: +€50,638
- Cash +€4,621
up €4,621 (+13.7%), from €33,725 to €38,346
mainly Debts after one year (+€29,588) and Depreciation (+€29,181)
- Receivables within one year -€3,042
down €3,042 (-16.8%), from €18,101 to €15,060
of which Trade receivables: -€1,797
- Debts after one year +€29,588
up €29,588 (+475.0%), from €6,229 to €35,817
- Trade debts -€20,664
no longer reported in 2025 (was €20,664)
- Profit (loss) carried forward +€20,224
up €20,224 (+49.8%), from €40,573 to €60,797
- Other debts -€7,382
down €7,382 (-49.1%), from €15,025 to €7,643
- Current portion of long-term debt +€5,838
up €5,838 (+43.4%), from €13,452 to €19,289
- Gross operating margin +€15,918
up €15,918 (+32.4%), from €49,130 to €65,049
- Taxes +€3,752
up €3,752 (+2867.1%), from €131 to €3,883
- Other operating charges +€3,106
up €3,106 (+45.1%), from €6,884 to €9,990
- Depreciation +€1,212
up €1,212 (+4.3%), from €27,969 to €29,181
- Financial charges +€767
up €767 (+68.8%), from €1,116 to €1,883
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 | €117,762 | €143,864 | +€26,102 | +22.2% |
| Fixed assets | 21/28 | €65,521 | €90,458 | +€24,937 | +38.1% |
| Intangible fixed assets | 21 | €343 | - | -€343 | |
| Tangible fixed assets | 22/27 | €65,178 | €90,458 | +€25,280 | +38.8% |
| Land and buildings | 22 | €30,089 | €20,748 | -€9,341 | -31.0% |
| Plant, machinery and equipment | 23 | €18,587 | €8,661 | -€9,926 | -53.4% |
| Furniture and vehicles | 24 | €16,502 | €10,411 | -€6,090 | -36.9% |
| Leasing and similar rights | 25 | - | €50,638 | +€50,638 | |
| Current assets | 29/58 | €52,241 | €53,406 | +€1,164 | +2.2% |
| Amounts receivable within one year | 40/41 | €18,101 | €15,060 | -€3,042 | -16.8% |
| Trade receivables | 40 | €3,334 | €1,536 | -€1,797 | -53.9% |
| Other amounts receivable | 41 | €14,768 | €13,523 | -€1,244 | -8.4% |
| Cash at bank and in hand | 54/58 | €33,725 | €38,346 | +€4,621 | +13.7% |
| Deferred charges and accrued income | 490/1 | €415 | - | -€415 | |
| Total equity and liabilities | 10/49 | €117,762 | €143,864 | +€26,102 | +22.2% |
| Equity | 10/15 | €59,173 | €79,397 | +€20,224 | +34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,573 | €60,797 | +€20,224 | +49.8% |
| Amounts payable | 17/49 | €58,590 | €64,467 | +€5,878 | +10.0% |
| Amounts payable after more than one year | 17 | €6,229 | €35,817 | +€29,588 | +475.0% |
| Financial debts | 170/4 | €6,229 | €35,817 | +€29,588 | +475.0% |
| Amounts payable within one year | 42/48 | €52,360 | €28,650 | -€23,710 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €13,452 | €19,289 | +€5,838 | +43.4% |
| Trade debts | 44 | €20,664 | - | -€20,664 | |
| Suppliers | 440/4 | €20,664 | - | -€20,664 | |
| Taxes, remuneration and social security | 45 | €3,220 | €1,718 | -€1,502 | -46.7% |
| Taxes | 450/3 | €3,220 | €1,718 | -€1,502 | -46.7% |
| Other amounts payable | 47/48 | €15,025 | €7,643 | -€7,382 | -49.1% |
| Remuneration, social security and pensions | 62 | €4 | - | -€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,969 | €29,181 | +€1,212 | +4.3% |
| Other operating charges | 640/8 | €6,884 | €9,990 | +€3,106 | +45.1% |
| Gross operating margin | 9900 | €49,130 | €65,049 | +€15,918 | +32.4% |
| Operating profit (loss) | 9901 | €14,273 | €25,877 | +€11,604 | +81.3% |
| Financial income | 75/76B | €124 | €113 | -€11 | -9.1% |
| Recurring financial income | 75 | €124 | €113 | -€11 | -9.1% |
| Financial charges | 65/66B | €1,116 | €1,883 | +€767 | +68.8% |
| Recurring financial charges | 65 | €1,116 | €1,883 | +€767 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €13,282 | €24,107 | +€10,825 | +81.5% |
| Income taxes | 67/77 | €131 | €3,883 | +€3,752 | +2867.1% |
| Profit (loss) for the period | 9904 | €13,151 | €20,224 | +€7,073 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,151 | €20,224 | +€7,073 | +53.8% |
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 6 October 2026 via checked.be.