Wolfovich: 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.
Wolfovich
Largest movements
- Receivables within one year -€35,005
down €35,005 (-39.1%), from €89,599 to €54,594
of which Trade receivables: -€42,523
- Cash -€12,427
down €12,427 (-29.2%), from €42,526 to €30,099
mainly Contributions, distributions and other (-€52,652) and Trade debts (-€21,036)
- Stocks and contracts -€3,125
down €3,125 (-8.9%), from €35,192 to €32,067
- Reserves -€43,341
down €43,341 (-70.2%), from €61,721 to €18,380
- Other debts +€23,023
up €23,023 (+57.8%), from €39,801 to €62,824
- Trade debts -€21,036
down €21,036 (-99.1%), from €21,220 to €184
- Tax, wage and social debts -€8,364
down €8,364 (-25.8%), from €32,430 to €24,066
- Gross operating margin -€30,213
down €30,213 (-52.4%), from €57,613 to €27,400
- Write-downs +€8,006
new in 2025: €8,006
- Taxes -€7,338
down €7,338 (-58.5%), from €12,554 to €5,216
- Other operating charges -€1,436
down €1,436 (-45.8%), from €3,134 to €1,698
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 | €173,772 | €124,054 | -€49,718 | -28.6% |
| Fixed assets | 21/28 | €6,455 | €7,294 | +€839 | +13.0% |
| Tangible fixed assets | 22/27 | €6,455 | €7,294 | +€839 | +13.0% |
| Plant, machinery and equipment | 23 | €1,229 | €1,084 | -€145 | -11.8% |
| Furniture and vehicles | 24 | €2,776 | €1,528 | -€1,248 | -45.0% |
| Other tangible fixed assets | 26 | €2,450 | €4,683 | +€2,233 | +91.1% |
| Current assets | 29/58 | €167,317 | €116,760 | -€50,558 | -30.2% |
| Stocks and contracts in progress | 3 | €35,192 | €32,067 | -€3,125 | -8.9% |
| Stocks | 30/36 | €35,192 | €32,067 | -€3,125 | -8.9% |
| Amounts receivable within one year | 40/41 | €89,599 | €54,594 | -€35,005 | -39.1% |
| Trade receivables | 40 | €89,599 | €47,076 | -€42,523 | -47.5% |
| Other amounts receivable | 41 | - | €7,518 | +€7,518 | |
| Cash at bank and in hand | 54/58 | €42,526 | €30,099 | -€12,427 | -29.2% |
| Total equity and liabilities | 10/49 | €173,772 | €124,054 | -€49,718 | -28.6% |
| Equity | 10/15 | €80,321 | €36,980 | -€43,341 | -54.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,721 | €18,380 | -€43,341 | -70.2% |
| Distributable reserves | 133 | €61,721 | €18,380 | -€43,341 | -70.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,451 | €87,074 | -€6,377 | -6.8% |
| Amounts payable within one year | 42/48 | €93,451 | €87,074 | -€6,377 | -6.8% |
| Trade debts | 44 | €21,220 | €184 | -€21,036 | -99.1% |
| Suppliers | 440/4 | €21,220 | €184 | -€21,036 | -99.1% |
| Taxes, remuneration and social security | 45 | €32,430 | €24,066 | -€8,364 | -25.8% |
| Taxes | 450/3 | €32,430 | €24,066 | -€8,364 | -25.8% |
| Other amounts payable | 47/48 | €39,801 | €62,824 | +€23,023 | +57.8% |
| Remuneration, social security and pensions | 62 | €411 | €0 | -€411 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,297 | €2,331 | +€34 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,006 | +€8,006 | |
| Other operating charges | 640/8 | €3,134 | €1,698 | -€1,436 | -45.8% |
| Gross operating margin | 9900 | €57,613 | €27,400 | -€30,213 | -52.4% |
| Operating profit (loss) | 9901 | €51,771 | €15,365 | -€36,406 | -70.3% |
| Financial income | 75/76B | €0 | €139 | +€139 | |
| Recurring financial income | 75 | €0 | €139 | +€139 | |
| Financial charges | 65/66B | €942 | €977 | +€34 | +3.7% |
| Recurring financial charges | 65 | €942 | €977 | +€34 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €50,829 | €14,527 | -€36,302 | -71.4% |
| Income taxes | 67/77 | €12,554 | €5,216 | -€7,338 | -58.5% |
| Profit (loss) for the period | 9904 | €38,274 | €9,311 | -€28,964 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,274 | €9,311 | -€28,964 | -75.7% |
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 24 October 2026 via checked.be.