WOLFOOD: 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.
What changed
WOLFOOD
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€60,728
2024 · €33,507-€94,235
Equity
€1,277
2024 · €62,005-€60,728
Cash
€10,216
2024 · €24,513-€14,297
Balance sheet total
€1.6m
2024 · €1.8m-€172,292
Largest movements
Assets
- Intangible fixed assets -€64,000
down €64,000 (-33.3%), from €192,000 to €128,000
- Tangible fixed assets -€52,120
down €52,120 (-3.6%), from €1.4m to €1.4m
of which Land and buildings: -€50,377
- Receivables within one year -€21,862
down €21,862 (-24.8%), from €88,058 to €66,196
of which Trade receivables: -€19,633
Equity and liabilities
- Debts after one year -€113,254
down €113,254 (-7.5%), from €1.5m to €1.4m
- Profit (loss) carried forward -€58,868
down €58,868, from €0 to -€58,868
Income statement
- Staff costs +€41,322
up €41,322 (+14.6%), from €282,702 to €324,024
- Gross operating margin -€31,241
down €31,241 (-6.8%), from €462,172 to €430,931
- Other operating charges +€18,657
up €18,657 (+136%), from €13,729 to €32,387
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.
Result 2024
€33,507
Gross operating margin
-€31,241
Staff costs
-€41,322
Depreciation
-€1,362
Other operating charges
-€18,657
Other operating items
-€476
Financial income
-€162
Financial charges
-€1,315
Taxes
+€302
Result 2025
-€60,728
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€86,272
Investment
+€8,737
Financing
-€109,306
Cash 2024
€24,513
From operations (derived)
+€86,272
Net result for the year
-€60,728
Depreciation
+€118,357
Smaller working-capital items
-€228
Receivables within one year
+€21,862
Deferred charges and accrued income
+€9,261
Trade debts
-€3,686
Tax, wage and social debts
+€1,434
Investment (derived)
+€8,737
Investment in fixed assets (net)
-€2,237
Current investments
+€10,974
Financing
-€109,306
Debts after one year
-€113,254
Current portion of long-term debt
-€2,721
Short-term financial debts
+€6,669
Cash 2025
€10,216
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,774,900 | €1,602,608 | -€172,292 | -9.7% |
| Fixed assets | 21/28 | €1,621,186 | €1,505,066 | -€116,120 | -7.2% |
| Intangible fixed assets | 21 | €192,000 | €128,000 | -€64,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,429,186 | €1,377,066 | -€52,120 | -3.6% |
| Land and buildings | 22 | €1,412,079 | €1,361,701 | -€50,377 | -3.6% |
| Plant, machinery and equipment | 23 | €6,899 | €7,455 | +€557 | +8.1% |
| Furniture and vehicles | 24 | €10,209 | €7,909 | -€2,299 | -22.5% |
| Current assets | 29/58 | €153,714 | €97,542 | -€56,172 | -36.5% |
| Stocks and contracts in progress | 3 | €878 | €1,099 | +€221 | +25.2% |
| Stocks | 30/36 | €878 | €1,099 | +€221 | +25.2% |
| Amounts receivable within one year | 40/41 | €88,058 | €66,196 | -€21,862 | -24.8% |
| Trade receivables | 40 | €44,785 | €25,151 | -€19,633 | -43.8% |
| Other amounts receivable | 41 | €43,274 | €41,045 | -€2,228 | -5.1% |
| Current investments | 50/53 | €15,000 | €4,026 | -€10,974 | -73.2% |
| Cash at bank and in hand | 54/58 | €24,513 | €10,216 | -€14,297 | -58.3% |
| Deferred charges and accrued income | 490/1 | €25,265 | €16,004 | -€9,261 | -36.7% |
| Total equity and liabilities | 10/49 | €1,774,900 | €1,602,608 | -€172,292 | -9.7% |
| Equity | 10/15 | €62,005 | €1,277 | -€60,728 | -97.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,805 | €53,945 | -€1,860 | -3.3% |
| Distributable reserves | 133 | €55,805 | €53,945 | -€1,860 | -3.3% |
| Profit (loss) carried forward | 14 | €0 | -€58,868 | -€58,868 | |
| Amounts payable | 17/49 | €1,712,895 | €1,601,331 | -€111,564 | -6.5% |
| Amounts payable after more than one year | 17 | €1,500,647 | €1,387,393 | -€113,254 | -7.5% |
| Financial debts | 170/4 | €1,500,647 | €1,387,393 | -€113,254 | -7.5% |
| Amounts payable within one year | 42/48 | €212,241 | €213,938 | +€1,697 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €121,581 | €118,861 | -€2,721 | -2.2% |
| Financial debts | 43 | - | €6,669 | +€6,669 | |
| Credit institutions | 430/8 | - | €6,669 | +€6,669 | |
| Trade debts | 44 | €44,448 | €40,763 | -€3,686 | -8.3% |
| Suppliers | 440/4 | €44,448 | €40,763 | -€3,686 | -8.3% |
| Taxes, remuneration and social security | 45 | €46,211 | €47,645 | +€1,434 | +3.1% |
| Taxes | 450/3 | €7,399 | €7,012 | -€387 | -5.2% |
| Remuneration and social security | 454/9 | €38,812 | €40,633 | +€1,821 | +4.7% |
| Accrued charges and deferred income | 492/3 | €7 | - | -€7 | |
| Non-recurring operating income | 76A | €297 | €380 | +€83 | +28.0% |
| Remuneration, social security and pensions | 62 | €282,702 | €324,024 | +€41,322 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,995 | €118,357 | +€1,362 | +1.2% |
| Other operating charges | 640/8 | €13,729 | €32,387 | +€18,657 | +136% |
| Non-recurring operating charges | 66A | - | €476 | +€476 | |
| Gross operating margin | 9900 | €462,172 | €430,931 | -€31,241 | -6.8% |
| Operating profit (loss) | 9901 | €48,746 | -€44,313 | -€93,059 | |
| Financial income | 75/76B | €179 | €16 | -€162 | -90.9% |
| Recurring financial income | 75 | €179 | €16 | -€162 | -90.9% |
| Financial charges | 65/66B | €14,834 | €16,149 | +€1,315 | +8.9% |
| Recurring financial charges | 65 | €14,834 | €16,149 | +€1,315 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €34,091 | -€60,446 | -€94,537 | |
| Income taxes | 67/77 | €583 | €281 | -€302 | -51.7% |
| Profit (loss) for the period | 9904 | €33,507 | -€60,728 | -€94,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,507 | -€60,728 | -€94,235 |
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.