Wolffish: 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.
Wolffish
Largest movements
- Receivables after one year -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Cash -€24,586
down €24,586 (-37.4%), from €65,771 to €41,185
mainly Contributions, distributions and other (-€100,000) and Current investments (-€23,086)
- Current investments +€23,086
up €23,086 (+96.2%), from €24,000 to €47,086
- Receivables within one year +€7,263
up €7,263 (+67.9%), from €10,698 to €17,960
of which Trade receivables: +€6,247
- Tangible fixed assets -€1,509
down €1,509 (-44.0%), from €3,433 to €1,924
- Reserves -€49,039
down €49,039 (-44.0%), from €111,567 to €62,528
- Other debts +€33,608
up €33,608, from €0 to €33,608
- Tax, wage and social debts -€10,961
down €10,961 (-56.3%), from €19,457 to €8,495
- Gross operating margin +€3,006
up €3,006 (+4.9%), from €61,819 to €64,826
- Financial income +€2,759
up €2,759 (+202.7%), from €1,361 to €4,120
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 | €137,192 | €111,702 | -€25,489 | -18.6% |
| Fixed assets | 21/28 | €3,433 | €1,924 | -€1,509 | -44.0% |
| Tangible fixed assets | 22/27 | €3,433 | €1,924 | -€1,509 | -44.0% |
| Furniture and vehicles | 24 | €3,433 | €1,924 | -€1,509 | -44.0% |
| Current assets | 29/58 | €133,758 | €109,779 | -€23,980 | -17.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100.0% |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €10,698 | €17,960 | +€7,263 | +67.9% |
| Trade receivables | 40 | €10,164 | €16,411 | +€6,247 | +61.5% |
| Other amounts receivable | 41 | €534 | €1,550 | +€1,016 | +190.4% |
| Current investments | 50/53 | €24,000 | €47,086 | +€23,086 | +96.2% |
| Cash at bank and in hand | 54/58 | €65,771 | €41,185 | -€24,586 | -37.4% |
| Deferred charges and accrued income | 490/1 | €3,290 | €3,547 | +€257 | +7.8% |
| Total equity and liabilities | 10/49 | €137,192 | €111,702 | -€25,489 | -18.6% |
| Equity | 10/15 | €116,567 | €67,528 | -€49,039 | -42.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,567 | €62,528 | -€49,039 | -44.0% |
| Distributable reserves | 133 | €111,567 | €62,528 | -€49,039 | -44.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,625 | €44,174 | +€23,549 | +114.2% |
| Amounts payable within one year | 42/48 | €20,625 | €44,174 | +€23,549 | +114.2% |
| Trade debts | 44 | €1,169 | €2,071 | +€902 | +77.2% |
| Suppliers | 440/4 | €1,169 | €2,071 | +€902 | +77.2% |
| Taxes, remuneration and social security | 45 | €19,457 | €8,495 | -€10,961 | -56.3% |
| Taxes | 450/3 | €19,457 | €8,495 | -€10,961 | -56.3% |
| Other amounts payable | 47/48 | €0 | €33,608 | +€33,608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €1,509 | -€271 | -15.2% |
| Other operating charges | 640/8 | €530 | €902 | +€372 | +70.2% |
| Gross operating margin | 9900 | €61,819 | €64,826 | +€3,006 | +4.9% |
| Operating profit (loss) | 9901 | €59,509 | €62,414 | +€2,905 | +4.9% |
| Financial income | 75/76B | €1,361 | €4,120 | +€2,759 | +202.7% |
| Recurring financial income | 75 | €1,361 | €4,120 | +€2,759 | +202.7% |
| Financial charges | 65/66B | €1,720 | €2,177 | +€457 | +26.6% |
| Recurring financial charges | 65 | €1,720 | €2,177 | +€457 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €59,150 | €64,357 | +€5,207 | +8.8% |
| Income taxes | 67/77 | €12,959 | €13,395 | +€437 | +3.4% |
| Profit (loss) for the period | 9904 | €46,191 | €50,961 | +€4,770 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,191 | €50,961 | +€4,770 | +10.3% |
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 12 October 2026 via checked.be.