WOLF VASTGOED: what changed
Two financial 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 VASTGOED
Largest movements
- Cash +€21,996
up €21,996 (+230%), from €9,551 to €31,548
mainly Receivables within one year (+€14,438) and Investment in fixed assets (net) (+€13,167)
- Tangible fixed assets -€16,016
down €16,016 (-55.4%), from €28,930 to €12,914
of which Furniture and vehicles: -€19,439
- Receivables within one year -€14,438
down €14,438 (-11.5%), from €125,319 to €110,882
of which Trade receivables: -€11,686
- Other debts -€12,000
down €12,000 (-11.9%), from €101,000 to €89,000
- Reserves +€11,410
up €11,410 (+77.9%), from €14,645 to €26,055
- Current portion of long-term debt -€10,606
down €10,606 (-91.5%), from €11,587 to €981
- Tax, wage and social debts +€9,422
up €9,422 (+99.5%), from €9,469 to €18,891
- Accrued charges and deferred income -€3,461
no longer reported in 2025 (was €3,461)
- Staff costs -€20,709
down €20,709 (-93.8%), from €22,067 to €1,358
- Gross operating margin -€15,148
down €15,148 (-34.7%), from €43,688 to €28,540
- Depreciation -€10,116
down €10,116 (-72.5%), from €13,948 to €3,831
- Financial charges +€6,062
up €6,062 (+751%), from €808 to €6,870
- Taxes +€2,546
up €2,546 (+94.8%), from €2,687 to €5,233
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.
Derived cash bridge
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 | €165,544 | €156,103 | -€9,441 | -5.7% |
| Fixed assets | 21/28 | €30,673 | €13,674 | -€16,999 | -55.4% |
| Intangible fixed assets | 21 | €1,743 | €760 | -€983 | -56.4% |
| Tangible fixed assets | 22/27 | €28,930 | €12,914 | -€16,016 | -55.4% |
| Plant, machinery and equipment | 23 | - | €3,423 | +€3,423 | |
| Furniture and vehicles | 24 | €28,930 | €9,491 | -€19,439 | -67.2% |
| Current assets | 29/58 | €134,871 | €142,429 | +€7,558 | +5.6% |
| Amounts receivable within one year | 40/41 | €125,319 | €110,882 | -€14,438 | -11.5% |
| Trade receivables | 40 | €104,280 | €92,594 | -€11,686 | -11.2% |
| Other amounts receivable | 41 | €21,039 | €18,287 | -€2,752 | -13.1% |
| Cash at bank and in hand | 54/58 | €9,551 | €31,548 | +€21,996 | +230% |
| Total equity and liabilities | 10/49 | €165,544 | €156,103 | -€9,441 | -5.7% |
| Equity | 10/15 | €20,645 | €32,055 | +€11,410 | +55.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €14,645 | €26,055 | +€11,410 | +77.9% |
| Distributable reserves | 133 | €14,645 | €26,055 | +€11,410 | +77.9% |
| Amounts payable | 17/49 | €144,899 | €124,048 | -€20,851 | -14.4% |
| Amounts payable after more than one year | 17 | €981 | - | -€981 | |
| Financial debts | 170/4 | €981 | - | -€981 | |
| Amounts payable within one year | 42/48 | €140,457 | €124,048 | -€16,408 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €11,587 | €981 | -€10,606 | -91.5% |
| Trade debts | 44 | €18,401 | €15,176 | -€3,224 | -17.5% |
| Suppliers | 440/4 | €18,401 | €15,176 | -€3,224 | -17.5% |
| Taxes, remuneration and social security | 45 | €9,469 | €18,891 | +€9,422 | +99.5% |
| Taxes | 450/3 | €9,469 | €18,891 | +€9,422 | +99.5% |
| Other amounts payable | 47/48 | €101,000 | €89,000 | -€12,000 | -11.9% |
| Accrued charges and deferred income | 492/3 | €3,461 | - | -€3,461 | |
| Non-recurring operating income | 76A | - | €2,088 | +€2,088 | |
| Remuneration, social security and pensions | 62 | €22,067 | €1,358 | -€20,709 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,948 | €3,831 | -€10,116 | -72.5% |
| Other operating charges | 640/8 | €1,588 | €896 | -€691 | -43.5% |
| Gross operating margin | 9900 | €43,688 | €28,540 | -€15,148 | -34.7% |
| Operating profit (loss) | 9901 | €6,086 | €22,454 | +€16,368 | +269% |
| Financial income | 75/76B | €1,270 | €1,059 | -€210 | -16.6% |
| Recurring financial income | 75 | €1,270 | €1,059 | -€210 | -16.6% |
| Financial charges | 65/66B | €808 | €6,870 | +€6,062 | +751% |
| Recurring financial charges | 65 | €808 | €6,870 | +€6,062 | +751% |
| Profit (loss) for the period before taxes | 9903 | €6,548 | €16,643 | +€10,096 | +154% |
| Income taxes | 67/77 | €2,687 | €5,233 | +€2,546 | +94.8% |
| Profit (loss) for the period | 9904 | €3,861 | €11,410 | +€7,549 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €3,861 | €11,410 | +€7,549 | +196% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.