WOLF QUALITY & LUXURY: what changed
WOLF QUALITY & LUXURY
Largest movements
- Stocks and contracts +€202,327
up €202,327 (+35.3%), from €572,832 to €775,159
- Receivables within one year +€76,399
up €76,399 (+2,056%), from €3,716 to €80,115
of which Trade receivables: +€44,300
- Cash +€35,352
up €35,352 (+110%), from €32,190 to €67,543
mainly Short-term financial debts (+€152,055) and Trade debts (+€83,690)
- Tangible fixed assets +€28,881
up €28,881 (+10.7%), from €270,859 to €299,740
of which Plant, machinery and equipment: +€24,028
- Short-term financial debts +€152,055
up €152,055 (+194%), from €78,461 to €230,515
of which Credit institutions: +€146,539
- Trade debts +€83,690
up €83,690 (+57.6%), from €145,285 to €228,976
- Debts after one year +€68,920
up €68,920 (+24.2%), from €284,558 to €353,477
- Current portion of long-term debt +€30,989
up €30,989 (+101%), from €30,831 to €61,820
- Gross operating margin -€41,161
down €41,161 (-16.9%), from €243,903 to €202,742
- Staff costs +€16,743
up €16,743 (+14.8%), from €113,351 to €130,093
- Depreciation -€12,091
down €12,091 (-17.6%), from €68,650 to €56,559
- Taxes -€3,989
down €3,989 (-75.0%), from €5,319 to €1,330
- Financial income +€3,703
up €3,703 (+740%), from €501 to €4,203
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €960,082 | €1,292,486 | +€332,403 | +34.6% |
| Fixed assets | 21/28 | €333,768 | €350,878 | +€17,110 | +5.1% |
| Intangible fixed assets | 21 | €62,908 | €51,138 | -€11,771 | -18.7% |
| Tangible fixed assets | 22/27 | €270,859 | €299,740 | +€28,881 | +10.7% |
| Plant, machinery and equipment | 23 | €269,929 | €293,957 | +€24,028 | +8.9% |
| Furniture and vehicles | 24 | - | €4,853 | +€4,853 | |
| Other tangible fixed assets | 26 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €626,315 | €941,608 | +€315,293 | +50.3% |
| Stocks and contracts in progress | 3 | €572,832 | €775,159 | +€202,327 | +35.3% |
| Stocks | 30/36 | €572,832 | €775,159 | +€202,327 | +35.3% |
| Amounts receivable within one year | 40/41 | €3,716 | €80,115 | +€76,399 | +2,056% |
| Trade receivables | 40 | €3,221 | €47,521 | +€44,300 | +1,375% |
| Other amounts receivable | 41 | €495 | €32,594 | +€32,099 | +6,485% |
| Cash at bank and in hand | 54/58 | €32,190 | €67,543 | +€35,352 | +110% |
| Deferred charges and accrued income | 490/1 | €17,576 | €18,791 | +€1,215 | +6.9% |
| Total equity and liabilities | 10/49 | €960,082 | €1,292,486 | +€332,403 | +34.6% |
| Equity | 10/15 | €216,646 | €219,239 | +€2,593 | +1.2% |
| Contributions | 10/11 | €156,000 | €156,000 | = | 0.0% |
| Reserves | 13 | €60,646 | €63,239 | +€2,593 | +4.3% |
| Distributable reserves | 133 | €60,646 | €63,239 | +€2,593 | +4.3% |
| Amounts payable | 17/49 | €743,437 | €1,073,247 | +€329,810 | +44.4% |
| Amounts payable after more than one year | 17 | €284,558 | €353,477 | +€68,920 | +24.2% |
| Financial debts | 170/4 | €284,558 | €353,477 | +€68,920 | +24.2% |
| Amounts payable within one year | 42/48 | €458,879 | €719,770 | +€260,891 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | €30,831 | €61,820 | +€30,989 | +101% |
| Financial debts | 43 | €78,461 | €230,515 | +€152,055 | +194% |
| Credit institutions | 430/8 | €78,461 | €225,000 | +€146,539 | +187% |
| Other loans | 439 | - | €5,515 | +€5,515 | |
| Trade debts | 44 | €145,285 | €228,976 | +€83,690 | +57.6% |
| Suppliers | 440/4 | €145,285 | €228,976 | +€83,690 | +57.6% |
| Advances received on contracts in progress | 46 | €19,840 | €13,430 | -€6,409 | -32.3% |
| Taxes, remuneration and social security | 45 | €49,604 | €58,330 | +€8,726 | +17.6% |
| Taxes | 450/3 | €27,723 | €29,931 | +€2,208 | +8.0% |
| Remuneration and social security | 454/9 | €21,882 | €28,400 | +€6,518 | +29.8% |
| Other amounts payable | 47/48 | €134,858 | €126,698 | -€8,160 | -6.1% |
| Non-recurring operating income | 76A | €2,996 | €0 | -€2,996 | -100% |
| Remuneration, social security and pensions | 62 | €113,351 | €130,093 | +€16,743 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,650 | €56,559 | -€12,091 | -17.6% |
| Other operating charges | 640/8 | €2,033 | €2,311 | +€278 | +13.7% |
| Gross operating margin | 9900 | €243,903 | €202,742 | -€41,161 | -16.9% |
| Operating profit (loss) | 9901 | €59,869 | €13,779 | -€46,090 | -77.0% |
| Financial income | 75/76B | €501 | €4,203 | +€3,703 | +740% |
| Recurring financial income | 75 | €501 | €4,203 | +€3,703 | +740% |
| Financial charges | 65/66B | €11,535 | €14,060 | +€2,524 | +21.9% |
| Recurring financial charges | 65 | €11,535 | €14,060 | +€2,524 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €48,834 | €3,923 | -€44,911 | -92.0% |
| Income taxes | 67/77 | €5,319 | €1,330 | -€3,989 | -75.0% |
| Profit (loss) for the period | 9904 | €43,516 | €2,593 | -€40,923 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,516 | €2,593 | -€40,923 | -94.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.