WOLFF & WOLFF: 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.
WOLFF & WOLFF
Largest movements
- Stocks and contracts -€9,493
down €9,493 (-47.7%), from €19,905 to €10,412
- Cash -€3,159
down €3,159 (-24.1%), from €13,088 to €9,928
mainly Net result for the year (-€81,537) and Investment in fixed assets (net) (-€56,964)
- Profit (loss) carried forward -€81,537
down €81,537 (-39.6%), from -€206,130 to -€287,667
- Other debts +€45,113
up €45,113 (+15.0%), from €300,648 to €345,761
- Debts after one year +€12,055
up €12,055 (+102.5%), from €11,759 to €23,814
- Current portion of long-term debt +€5,000
up €5,000 (+99.4%), from €5,028 to €10,028
- Gross operating margin -€12,425
down €12,425 (-174.1%), from -€7,136 to -€19,561
- Depreciation +€4,940
up €4,940 (+9.2%), from €53,537 to €58,477
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 | €298,270 | €280,769 | -€17,501 | -5.9% |
| Fixed assets | 21/28 | €258,648 | €257,135 | -€1,513 | -0.6% |
| Tangible fixed assets | 22/27 | €256,593 | €255,080 | -€1,513 | -0.6% |
| Land and buildings | 22 | €129,061 | €143,980 | +€14,919 | +11.6% |
| Plant, machinery and equipment | 23 | €115,576 | €102,838 | -€12,738 | -11.0% |
| Furniture and vehicles | 24 | €11,956 | €8,262 | -€3,695 | -30.9% |
| Financial fixed assets | 28 | €2,055 | €2,055 | = | 0.0% |
| Current assets | 29/58 | €39,621 | €23,634 | -€15,987 | -40.3% |
| Stocks and contracts in progress | 3 | €19,905 | €10,412 | -€9,493 | -47.7% |
| Stocks | 30/36 | €19,905 | €10,412 | -€9,493 | -47.7% |
| Amounts receivable within one year | 40/41 | €4,284 | €2,505 | -€1,779 | -41.5% |
| Trade receivables | 40 | €4,215 | €1,531 | -€2,683 | -63.7% |
| Other amounts receivable | 41 | €70 | €974 | +€904 | +1299.2% |
| Cash at bank and in hand | 54/58 | €13,088 | €9,928 | -€3,159 | -24.1% |
| Deferred charges and accrued income | 490/1 | €2,345 | €789 | -€1,556 | -66.3% |
| Total equity and liabilities | 10/49 | €298,270 | €280,769 | -€17,501 | -5.9% |
| Equity | 10/15 | -€26,066 | -€107,602 | -€81,537 | -312.8% |
| Contributions | 10/11 | €180,065 | €180,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,130 | -€287,667 | -€81,537 | -39.6% |
| Amounts payable | 17/49 | €324,335 | €388,372 | +€64,036 | +19.7% |
| Amounts payable after more than one year | 17 | €11,759 | €23,814 | +€12,055 | +102.5% |
| Financial debts | 170/4 | €11,759 | €23,814 | +€12,055 | +102.5% |
| Amounts payable within one year | 42/48 | €312,576 | €364,557 | +€51,981 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €5,028 | €10,028 | +€5,000 | +99.4% |
| Trade debts | 44 | €4,898 | €7,830 | +€2,933 | +59.9% |
| Suppliers | 440/4 | €4,898 | €7,830 | +€2,933 | +59.9% |
| Taxes, remuneration and social security | 45 | €2,003 | €938 | -€1,065 | -53.2% |
| Taxes | 450/3 | €2,003 | €938 | -€1,065 | -53.2% |
| Other amounts payable | 47/48 | €300,648 | €345,761 | +€45,113 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,537 | €58,477 | +€4,940 | +9.2% |
| Other operating charges | 640/8 | €3,256 | €3,192 | -€64 | -2.0% |
| Gross operating margin | 9900 | -€7,136 | -€19,561 | -€12,425 | -174.1% |
| Operating profit (loss) | 9901 | -€63,930 | -€81,230 | -€17,300 | -27.1% |
| Financial charges | 65/66B | €171 | €127 | -€44 | -25.7% |
| Recurring financial charges | 65 | €171 | €127 | -€44 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€64,100 | -€81,357 | -€17,256 | -26.9% |
| Income taxes | 67/77 | €235 | €180 | -€56 | -23.7% |
| Profit (loss) for the period | 9904 | -€64,336 | -€81,537 | -€17,201 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,336 | -€81,537 | -€17,201 | -26.7% |
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 8 October 2026 via checked.be.