WOLF Trans: 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 Trans
Largest movements
- Receivables within one year -€80,715
down €80,715 (-48.0%), from €168,101 to €87,386
of which Trade receivables: -€80,054
- Cash +€48,977
up €48,977 (+46.9%), from €104,420 to €153,397
mainly Receivables within one year (+€80,715) and Trade debts (+€66,005)
- Tangible fixed assets -€41,909
down €41,909 (-51.7%), from €81,113 to €39,204
of which Furniture and vehicles: -€41,841
- Deferred charges and accrued income +€33,093
up €33,093 (+118.4%), from €27,946 to €61,039
- Trade debts +€66,005
up €66,005 (+221.5%), from €29,805 to €95,809
- Other debts -€31,184
down €31,184 (-79.7%), from €39,131 to €7,948
- Tax, wage and social debts -€30,240
down €30,240 (-14.7%), from €205,084 to €174,845
of which Taxes: -€23,401
- Debts after one year -€23,457
down €23,457 (-59.0%), from €39,783 to €16,327
- Profit (loss) carried forward -€15,345
down €15,345 (-29.3%), from -€52,402 to -€67,746
- Staff costs +€155,888
up €155,888 (+17.6%), from €884,169 to €1.0m
- Gross operating margin +€59,468
up €59,468 (+5.8%), from €1.0m to €1.1m
- Taxes -€16,501
down €16,501 (-91.2%), from €18,098 to €1,597
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 | €385,893 | €349,939 | -€35,954 | -9.3% |
| Fixed assets | 21/28 | €85,425 | €48,117 | -€37,308 | -43.7% |
| Intangible fixed assets | 21 | €2,075 | €5,177 | +€3,102 | +149.5% |
| Tangible fixed assets | 22/27 | €81,113 | €39,204 | -€41,909 | -51.7% |
| Plant, machinery and equipment | 23 | €706 | €637 | -€68 | -9.7% |
| Furniture and vehicles | 24 | €80,408 | €38,566 | -€41,841 | -52.0% |
| Financial fixed assets | 28 | €2,236 | €3,736 | +€1,500 | +67.1% |
| Current assets | 29/58 | €300,468 | €301,821 | +€1,354 | +0.5% |
| Amounts receivable within one year | 40/41 | €168,101 | €87,386 | -€80,715 | -48.0% |
| Trade receivables | 40 | €157,185 | €77,132 | -€80,054 | -50.9% |
| Other amounts receivable | 41 | €10,916 | €10,254 | -€661 | -6.1% |
| Cash at bank and in hand | 54/58 | €104,420 | €153,397 | +€48,977 | +46.9% |
| Deferred charges and accrued income | 490/1 | €27,946 | €61,039 | +€33,093 | +118.4% |
| Total equity and liabilities | 10/49 | €385,893 | €349,939 | -€35,954 | -9.3% |
| Equity | 10/15 | €46,840 | €31,495 | -€15,345 | -32.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €99,141 | €99,141 | = | 0.0% |
| Distributable reserves | 133 | €99,141 | €99,141 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,402 | -€67,746 | -€15,345 | -29.3% |
| Amounts payable | 17/49 | €339,053 | €318,444 | -€20,609 | -6.1% |
| Amounts payable after more than one year | 17 | €39,783 | €16,327 | -€23,457 | -59.0% |
| Financial debts | 170/4 | €39,783 | €16,327 | -€23,457 | -59.0% |
| Amounts payable within one year | 42/48 | €297,270 | €302,117 | +€4,847 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €22,273 | €23,457 | +€1,184 | +5.3% |
| Financial debts | 43 | €976 | €59 | -€917 | -94.0% |
| Credit institutions | 430/8 | €976 | €59 | -€917 | -94.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €29,805 | €95,809 | +€66,005 | +221.5% |
| Suppliers | 440/4 | €29,805 | €95,809 | +€66,005 | +221.5% |
| Taxes, remuneration and social security | 45 | €205,084 | €174,845 | -€30,240 | -14.7% |
| Taxes | 450/3 | €62,237 | €38,836 | -€23,401 | -37.6% |
| Remuneration and social security | 454/9 | €142,847 | €136,009 | -€6,839 | -4.8% |
| Other amounts payable | 47/48 | €39,131 | €7,948 | -€31,184 | -79.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100.0% |
| Non-recurring operating income | 76A | - | €11,665 | +€11,665 | |
| Remuneration, social security and pensions | 62 | €884,169 | €1,040,057 | +€155,888 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,479 | €24,507 | -€1,971 | -7.4% |
| Other operating charges | 640/8 | €6,507 | €6,066 | -€442 | -6.8% |
| Non-recurring operating charges | 66A | €1,123 | €19,521 | +€18,397 | +1637.8% |
| Gross operating margin | 9900 | €1,023,732 | €1,083,199 | +€59,468 | +5.8% |
| Operating profit (loss) | 9901 | €105,453 | -€6,952 | -€112,405 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15,333 | €6,797 | -€8,537 | -55.7% |
| Recurring financial charges | 65 | €15,333 | €6,797 | -€8,537 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €90,120 | -€13,747 | -€103,867 | |
| Income taxes | 67/77 | €18,098 | €1,597 | -€16,501 | -91.2% |
| Profit (loss) for the period | 9904 | €72,021 | -€15,345 | -€87,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,021 | -€15,345 | -€87,366 |
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 7 October 2026 via checked.be.