WOLFF & Partners: 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.
WOLFF & Partners
Largest movements
- Receivables after one year -€102,000
down €102,000 (-50.5%), from €202,000 to €100,000
- Receivables within one year +€40,085
up €40,085 (+87.4%), from €45,875 to €85,960
of which Other amounts receivable: +€22,943
- Tangible fixed assets +€24,786
up €24,786 (+60.3%), from €41,097 to €65,883
of which Furniture and vehicles: +€29,348
- Intangible fixed assets -€24,079
down €24,079 (-15.3%), from €157,539 to €133,459
- Deferred charges and accrued income +€23,054
up €23,054 (+168%), from €13,723 to €36,777
- Reserves +€98,207
up €98,207 (+52.5%), from €187,060 to €285,267
of which Distributable reserves: +€98,207
- Current portion of long-term debt -€81,000
down €81,000 (-76.4%), from €106,000 to €25,000
- Other debts -€27,482
down €27,482 (-98.6%), from €27,876 to €394
- Debts after one year -€25,000
down €25,000 (-18.5%), from €135,417 to €110,417
- Trade debts +€14,726
up €14,726 (+1,063%), from €1,385 to €16,110
- Gross operating margin +€29,088
up €29,088 (+11.8%), from €245,876 to €274,964
- Taxes +€6,733
up €6,733 (+15.5%), from €43,547 to €50,280
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 | €491,653 | €469,640 | -€22,013 | -4.5% |
| Fixed assets | 21/28 | €198,635 | €199,342 | +€707 | +0.4% |
| Intangible fixed assets | 21 | €157,539 | €133,459 | -€24,079 | -15.3% |
| Tangible fixed assets | 22/27 | €41,097 | €65,883 | +€24,786 | +60.3% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €32,486 | €27,923 | -€4,562 | -14.0% |
| Furniture and vehicles | 24 | €8,611 | €37,959 | +€29,348 | +341% |
| Current assets | 29/58 | €293,018 | €270,298 | -€22,719 | -7.8% |
| Amounts receivable after more than one year | 29 | €202,000 | €100,000 | -€102,000 | -50.5% |
| Other amounts receivable | 291 | €202,000 | €100,000 | -€102,000 | -50.5% |
| Amounts receivable within one year | 40/41 | €45,875 | €85,960 | +€40,085 | +87.4% |
| Trade receivables | 40 | €43,124 | €60,266 | +€17,142 | +39.7% |
| Other amounts receivable | 41 | €2,750 | €25,694 | +€22,943 | +834% |
| Cash at bank and in hand | 54/58 | €31,420 | €47,561 | +€16,141 | +51.4% |
| Deferred charges and accrued income | 490/1 | €13,723 | €36,777 | +€23,054 | +168% |
| Total equity and liabilities | 10/49 | €491,653 | €469,640 | -€22,013 | -4.5% |
| Equity | 10/15 | €205,660 | €303,867 | +€98,207 | +47.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,060 | €285,267 | +€98,207 | +52.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €185,200 | €283,407 | +€98,207 | +53.0% |
| Amounts payable | 17/49 | €285,993 | €165,773 | -€120,220 | -42.0% |
| Amounts payable after more than one year | 17 | €135,417 | €110,417 | -€25,000 | -18.5% |
| Financial debts | 170/4 | €135,417 | €110,417 | -€25,000 | -18.5% |
| Amounts payable within one year | 42/48 | €150,576 | €55,356 | -€95,220 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €106,000 | €25,000 | -€81,000 | -76.4% |
| Trade debts | 44 | €1,385 | €16,110 | +€14,726 | +1,063% |
| Suppliers | 440/4 | €1,385 | €16,110 | +€14,726 | +1,063% |
| Taxes, remuneration and social security | 45 | €15,315 | €13,852 | -€1,464 | -9.6% |
| Taxes | 450/3 | €1,291 | - | -€1,291 | |
| Remuneration and social security | 454/9 | €14,024 | €13,852 | -€173 | -1.2% |
| Other amounts payable | 47/48 | €27,876 | €394 | -€27,482 | -98.6% |
| Remuneration, social security and pensions | 62 | €75,972 | €77,759 | +€1,787 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,141 | €34,124 | +€1,983 | +6.2% |
| Other operating charges | 640/8 | €1,935 | €3,051 | +€1,117 | +57.7% |
| Gross operating margin | 9900 | €245,876 | €274,964 | +€29,088 | +11.8% |
| Operating profit (loss) | 9901 | €135,828 | €160,029 | +€24,201 | +17.8% |
| Financial income | 75/76B | €49 | €52 | +€3 | +7.1% |
| Recurring financial income | 75 | €49 | €52 | +€3 | +7.1% |
| Financial charges | 65/66B | €8,930 | €11,594 | +€2,664 | +29.8% |
| Recurring financial charges | 65 | €8,930 | €11,594 | +€2,664 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €126,947 | €148,488 | +€21,541 | +17.0% |
| Income taxes | 67/77 | €43,547 | €50,280 | +€6,733 | +15.5% |
| Profit (loss) for the period | 9904 | €83,400 | €98,207 | +€14,807 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,400 | €98,207 | +€14,807 | +17.8% |
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 16 October 2026 via checked.be.