WOLFI: 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.
WOLFI
Largest movements
- Tangible fixed assets +€85,598
up €85,598 (+6.4%), from €1.3m to €1.4m
of which Land and buildings: +€89,478
- Receivables within one year +€77,193
up €77,193 (+21,691%), from €356 to €77,549
of which Trade receivables: +€72,800
- Other debts +€175,264
up €175,264 (+24.6%), from €711,022 to €886,286
- Depreciation +€23,271
up €23,271 (+122%), from €19,141 to €42,412
- Financial charges +€15,751
up €15,751 (+66.6%), from €23,641 to €39,391
- Taxes -€9,712
down €9,712 (-97.5%), from €9,963 to €251
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 | €1,332,995 | €1,495,026 | +€162,031 | +12.2% |
| Fixed assets | 21/28 | €1,330,767 | €1,416,365 | +€85,598 | +6.4% |
| Tangible fixed assets | 22/27 | €1,330,767 | €1,416,365 | +€85,598 | +6.4% |
| Land and buildings | 22 | €1,314,619 | €1,404,097 | +€89,478 | +6.8% |
| Furniture and vehicles | 24 | €16,148 | €12,268 | -€3,880 | -24.0% |
| Current assets | 29/58 | €2,228 | €78,661 | +€76,433 | +3,430% |
| Amounts receivable within one year | 40/41 | €356 | €77,549 | +€77,193 | +21,691% |
| Trade receivables | 40 | - | €72,800 | +€72,800 | |
| Other amounts receivable | 41 | €356 | €4,749 | +€4,393 | +1,235% |
| Cash at bank and in hand | 54/58 | €1,873 | - | -€1,873 | |
| Deferred charges and accrued income | 490/1 | - | €1,112 | +€1,112 | |
| Total equity and liabilities | 10/49 | €1,332,995 | €1,495,026 | +€162,031 | +12.2% |
| Equity | 10/15 | €49,389 | €50,392 | +€1,003 | +2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,389 | €30,392 | +€1,003 | +3.4% |
| Amounts payable | 17/49 | €1,283,606 | €1,444,635 | +€161,029 | +12.5% |
| Amounts payable after more than one year | 17 | €545,740 | €533,558 | -€12,182 | -2.2% |
| Financial debts | 170/4 | €542,370 | €528,798 | -€13,572 | -2.5% |
| Other amounts payable | 178/9 | €3,370 | €4,760 | +€1,390 | +41.2% |
| Amounts payable within one year | 42/48 | €737,866 | €911,077 | +€173,210 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €13,046 | €13,572 | +€526 | +4.0% |
| Trade debts | 44 | €8,835 | €7,590 | -€1,244 | -14.1% |
| Suppliers | 440/4 | €8,835 | €7,590 | -€1,244 | -14.1% |
| Taxes, remuneration and social security | 45 | €4,963 | €3,629 | -€1,334 | -26.9% |
| Taxes | 450/3 | €4,963 | €3,629 | -€1,334 | -26.9% |
| Other amounts payable | 47/48 | €711,022 | €886,286 | +€175,264 | +24.6% |
| Non-recurring operating income | 76A | - | €36,000 | +€36,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,141 | €42,412 | +€23,271 | +122% |
| Other operating charges | 640/8 | €7,478 | €7,478 | -€1 | 0.0% |
| Gross operating margin | 9900 | €89,612 | €90,513 | +€901 | +1.0% |
| Operating profit (loss) | 9901 | €62,993 | €40,623 | -€22,370 | -35.5% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €23,641 | €39,391 | +€15,751 | +66.6% |
| Recurring financial charges | 65 | €23,641 | €39,391 | +€15,751 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | €39,352 | €1,253 | -€38,099 | -96.8% |
| Income taxes | 67/77 | €9,963 | €251 | -€9,712 | -97.5% |
| Profit (loss) for the period | 9904 | €29,389 | €1,003 | -€28,387 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,389 | €1,003 | -€28,387 | -96.6% |
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.