WOLFCAP: 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.
WOLFCAP
Largest movements
- Cash +€41,099
up €41,099 (+1028.8%), from €3,995 to €45,094
mainly Net result for the year (+€53,522) and Tax, wage and social debts (+€17,365)
- Receivables within one year +€9,680
up €9,680 (+14.6%), from €66,232 to €75,913
of which Trade receivables: +€12,800
- Reserves +€32,677
up €32,677 (+40.9%), from €79,953 to €112,630
- Tax, wage and social debts +€17,365
up €17,365 (+309.7%), from €5,607 to €22,973
- Gross operating margin +€35,236
up €35,236 (+70.2%), from €50,170 to €85,405
- Taxes +€13,626
up €13,626 (+82.4%), from €16,528 to €30,154
- Financial income +€1,067
up €1,067 (+211.0%), from €506 to €1,573
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 | €107,339 | €157,791 | +€50,452 | +47.0% |
| Fixed assets | 21/28 | €11,985 | €11,657 | -€327 | -2.7% |
| Tangible fixed assets | 22/27 | €11,985 | €11,657 | -€327 | -2.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,191 | €689 | -€502 | -42.1% |
| Other tangible fixed assets | 26 | €10,794 | €10,968 | +€174 | +1.6% |
| Current assets | 29/58 | €95,355 | €146,134 | +€50,780 | +53.3% |
| Amounts receivable within one year | 40/41 | €66,232 | €75,913 | +€9,680 | +14.6% |
| Trade receivables | 40 | €14,573 | €27,373 | +€12,800 | +87.8% |
| Other amounts receivable | 41 | €51,659 | €48,539 | -€3,120 | -6.0% |
| Current investments | 50/53 | €25,127 | €25,127 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,995 | €45,094 | +€41,099 | +1028.8% |
| Total equity and liabilities | 10/49 | €107,339 | €157,791 | +€50,452 | +47.0% |
| Equity | 10/15 | €98,545 | €131,222 | +€32,677 | +33.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €79,953 | €112,630 | +€32,677 | +40.9% |
| Distributable reserves | 133 | €79,953 | €112,630 | +€32,677 | +40.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,794 | €26,570 | +€17,776 | +202.1% |
| Amounts payable within one year | 42/48 | €8,794 | €26,570 | +€17,776 | +202.1% |
| Trade debts | 44 | €3,187 | €2,636 | -€551 | -17.3% |
| Suppliers | 440/4 | €3,187 | €2,636 | -€551 | -17.3% |
| Taxes, remuneration and social security | 45 | €5,607 | €22,973 | +€17,365 | +309.7% |
| Taxes | 450/3 | €5,607 | €22,973 | +€17,365 | +309.7% |
| Other amounts payable | 47/48 | - | €961 | +€961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,281 | €2,500 | +€219 | +9.6% |
| Other operating charges | 640/8 | €623 | €622 | -€2 | -0.3% |
| Gross operating margin | 9900 | €50,170 | €85,405 | +€35,236 | +70.2% |
| Operating profit (loss) | 9901 | €47,265 | €82,284 | +€35,019 | +74.1% |
| Financial income | 75/76B | €506 | €1,573 | +€1,067 | +211.0% |
| Recurring financial income | 75 | €506 | €1,573 | +€1,067 | +211.0% |
| Financial charges | 65/66B | €428 | €181 | -€246 | -57.6% |
| Recurring financial charges | 65 | €428 | €181 | -€246 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €47,343 | €83,676 | +€36,332 | +76.7% |
| Income taxes | 67/77 | €16,528 | €30,154 | +€13,626 | +82.4% |
| Profit (loss) for the period | 9904 | €30,816 | €53,522 | +€22,707 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,816 | €53,522 | +€22,707 | +73.7% |
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 4 October 2026 via checked.be.