WOLFCARIUS - MARKEGEM: 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.
WOLFCARIUS - MARKEGEM
Largest movements
- Tangible fixed assets +€141,567
up €141,567 (+30.4%), from €465,047 to €606,613
- Cash -€57,935
down €57,935 (-77.3%), from €74,964 to €17,029
mainly Investment in fixed assets (net) (-€150,000) and Receivables within one year (-€19,149)
- Receivables within one year +€19,149
up €19,149 (+383%), from €5,000 to €24,149
of which Trade receivables: +€24,004
- Debts after one year +€82,500
new in 2025: €82,500
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Other operating charges +€15,696
up €15,696 (+237%), from €6,615 to €22,310
- Gross operating margin +€11,921
up €11,921 (+45.1%), from €26,429 to €38,350
- Financial charges +€2,495
up €2,495 (+10,499%), from €24 to €2,518
- Taxes -€1,995
down €1,995 (-55.2%), from €3,614 to €1,619
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 | €555,805 | €657,869 | +€102,064 | +18.4% |
| Fixed assets | 21/28 | €465,047 | €606,613 | +€141,567 | +30.4% |
| Tangible fixed assets | 22/27 | €465,047 | €606,613 | +€141,567 | +30.4% |
| Land and buildings | 22 | €465,047 | €606,613 | +€141,567 | +30.4% |
| Current assets | 29/58 | €90,758 | €51,256 | -€39,503 | -43.5% |
| Amounts receivable within one year | 40/41 | €5,000 | €24,149 | +€19,149 | +383% |
| Trade receivables | 40 | €0 | €24,004 | +€24,004 | |
| Other amounts receivable | 41 | €5,000 | €145 | -€4,855 | -97.1% |
| Cash at bank and in hand | 54/58 | €74,964 | €17,029 | -€57,935 | -77.3% |
| Deferred charges and accrued income | 490/1 | €10,794 | €10,077 | -€717 | -6.6% |
| Total equity and liabilities | 10/49 | €555,805 | €657,869 | +€102,064 | +18.4% |
| Equity | 10/15 | €554,606 | €558,075 | +€3,469 | +0.6% |
| Contributions | 10/11 | €523,554 | €523,554 | = | 0.0% |
| Reserves | 13 | €31,052 | €34,521 | +€3,469 | +11.2% |
| Distributable reserves | 133 | €31,052 | €34,521 | +€3,469 | +11.2% |
| Amounts payable | 17/49 | €1,199 | €99,794 | +€98,595 | +8,224% |
| Amounts payable after more than one year | 17 | - | €82,500 | +€82,500 | |
| Financial debts | 170/4 | - | €82,500 | +€82,500 | |
| Amounts payable within one year | 42/48 | €1,199 | €17,294 | +€16,095 | +1,342% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €585 | €6,675 | +€6,090 | +1,040% |
| Suppliers | 440/4 | €585 | €6,675 | +€6,090 | +1,040% |
| Taxes, remuneration and social security | 45 | €614 | €619 | +€5 | +0.9% |
| Taxes | 450/3 | €614 | €619 | +€5 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,433 | €8,433 | = | 0.0% |
| Other operating charges | 640/8 | €6,615 | €22,310 | +€15,696 | +237% |
| Gross operating margin | 9900 | €26,429 | €38,350 | +€11,921 | +45.1% |
| Operating profit (loss) | 9901 | €11,381 | €7,606 | -€3,775 | -33.2% |
| Financial charges | 65/66B | €24 | €2,518 | +€2,495 | +10,499% |
| Recurring financial charges | 65 | €24 | €2,518 | +€2,495 | +10,499% |
| Profit (loss) for the period before taxes | 9903 | €11,357 | €5,088 | -€6,269 | -55.2% |
| Income taxes | 67/77 | €3,614 | €1,619 | -€1,995 | -55.2% |
| Profit (loss) for the period | 9904 | €7,743 | €3,469 | -€4,275 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,743 | €3,469 | -€4,275 | -55.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.