WOLFMANN ET GROSS: 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.
WOLFMANN ET GROSS
Largest movements
- Tangible fixed assets -€26,683
down €26,683 (-2.8%), from €947,013 to €920,330
of which Land and buildings: -€28,086
- Cash -€21,667
down €21,667 (-34.8%), from €62,250 to €40,582
mainly Debts after one year (-€33,487) and Other debts (-€32,892)
- Profit (loss) carried forward +€53,005
up €53,005 (+32.1%), from -€165,057 to -€112,051
- Debts after one year -€33,487
down €33,487 (-7.8%), from €426,913 to €393,426
- Other debts -€32,892
no longer reported in 2025 (was €32,892)
- Reserves -€18,519
down €18,519 (-4.5%), from €412,987 to €394,469
of which Tax-exempt reserves: -€18,519
- Gross operating margin +€6,384
up €6,384 (+10.0%), from €64,133 to €70,517
- Financial charges -€2,099
down €2,099 (-19.4%), from €10,791 to €8,693
- Depreciation +€1,852
up €1,852 (+6.4%), from €28,981 to €30,833
- Other operating charges -€784
down €784 (-11.5%), from €6,823 to €6,039
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 | €1,029,485 | €982,256 | -€47,228 | -4.6% |
| Fixed assets | 21/28 | €947,013 | €920,330 | -€26,683 | -2.8% |
| Tangible fixed assets | 22/27 | €947,013 | €920,330 | -€26,683 | -2.8% |
| Land and buildings | 22 | €938,801 | €910,715 | -€28,086 | -3.0% |
| Plant, machinery and equipment | 23 | €5,376 | €4,353 | -€1,023 | -19.0% |
| Furniture and vehicles | 24 | €2,837 | €5,263 | +€2,426 | +85.5% |
| Current assets | 29/58 | €82,471 | €61,926 | -€20,545 | -24.9% |
| Amounts receivable within one year | 40/41 | €20,221 | €21,343 | +€1,122 | +5.5% |
| Other amounts receivable | 41 | €20,221 | €21,343 | +€1,122 | +5.5% |
| Cash at bank and in hand | 54/58 | €62,250 | €40,582 | -€21,667 | -34.8% |
| Total equity and liabilities | 10/49 | €1,029,485 | €982,256 | -€47,228 | -4.6% |
| Equity | 10/15 | €322,299 | €356,786 | +€34,487 | +10.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €111,552 | €111,552 | = | 0.0% |
| Uncalled capital | 101 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €412,987 | €394,469 | -€18,519 | -4.5% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €401,832 | €383,314 | -€18,519 | -4.6% |
| Profit (loss) carried forward | 14 | -€165,057 | -€112,051 | +€53,005 | +32.1% |
| Provisions and deferred taxes | 16 | €207,066 | €197,534 | -€9,531 | -4.6% |
| Deferred taxes | 168 | €207,066 | €197,534 | -€9,531 | -4.6% |
| Amounts payable | 17/49 | €500,120 | €427,936 | -€72,184 | -14.4% |
| Amounts payable after more than one year | 17 | €426,913 | €393,426 | -€33,487 | -7.8% |
| Financial debts | 170/4 | €426,913 | €393,426 | -€33,487 | -7.8% |
| Amounts payable within one year | 42/48 | €73,207 | €34,511 | -€38,697 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €33,007 | €33,487 | +€480 | +1.5% |
| Trade debts | 44 | €7,308 | €1,024 | -€6,284 | -86.0% |
| Suppliers | 440/4 | €7,308 | €1,024 | -€6,284 | -86.0% |
| Other amounts payable | 47/48 | €32,892 | - | -€32,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,981 | €30,833 | +€1,852 | +6.4% |
| Other operating charges | 640/8 | €6,823 | €6,039 | -€784 | -11.5% |
| Gross operating margin | 9900 | €64,133 | €70,517 | +€6,384 | +10.0% |
| Operating profit (loss) | 9901 | €28,329 | €33,645 | +€5,316 | +18.8% |
| Financial income | 75/76B | €0 | €3 | +€3 | +809% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +809% |
| Financial charges | 65/66B | €10,791 | €8,693 | -€2,099 | -19.4% |
| Recurring financial charges | 65 | €10,791 | €8,693 | -€2,099 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €17,538 | €24,955 | +€7,418 | +42.3% |
| Transfer from deferred taxes | 780 | €9,531 | €9,531 | = | 0.0% |
| Profit (loss) for the period | 9904 | €27,069 | €34,487 | +€7,418 | +27.4% |
| Transfer from tax-exempt reserves | 789 | €18,519 | €18,519 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,588 | €53,005 | +€7,418 | +16.3% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.