Wolfraam: 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.
Wolfraam
Largest movements
- Tangible fixed assets -€8,724
down €8,724 (-25.4%), from €34,352 to €25,628
of which Furniture and vehicles: -€7,311
- Cash -€4,131
down €4,131 (-44.4%), from €9,302 to €5,171
mainly Debts after one year (-€7,095) and Net result for the year (-€6,731)
- Receivables within one year -€1,856
down €1,856 (-11.8%), from €15,775 to €13,919
of which Trade receivables: -€2,250
- Debts after one year -€7,095
down €7,095 (-43.9%), from €16,151 to €9,055
- Profit (loss) carried forward -€6,731
new in 2025: -€6,731
- Tax, wage and social debts +€3,625
up €3,625 (+29.4%), from €12,337 to €15,963
of which Remuneration and social security: +€8,930
- Other debts -€2,702
down €2,702 (-23.1%), from €11,688 to €8,985
- Trade debts -€1,938
no longer reported in 2025 (was €1,938)
- Gross operating margin -€22,842
down €22,842 (-60.8%), from €37,551 to €14,710
- Taxes -€5,044
down €5,044, from €4,837 to -€207
- Staff costs -€2,165
down €2,165 (-15.5%), from €13,931 to €11,766
- Financial charges -€424
down €424 (-44.5%), from €952 to €528
- Other operating charges -€415
down €415 (-39.8%), from €1,044 to €629
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 | €59,430 | €44,719 | -€14,711 | -24.8% |
| Fixed assets | 21/28 | €34,353 | €25,629 | -€8,724 | -25.4% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -25.0% |
| Tangible fixed assets | 22/27 | €34,352 | €25,628 | -€8,724 | -25.4% |
| Land and buildings | 22 | €3,714 | €2,785 | -€929 | -25.0% |
| Plant, machinery and equipment | 23 | €1,932 | €1,449 | -€483 | -25.0% |
| Furniture and vehicles | 24 | €28,706 | €21,395 | -€7,311 | -25.5% |
| Current assets | 29/58 | €25,077 | €19,090 | -€5,987 | -23.9% |
| Amounts receivable within one year | 40/41 | €15,775 | €13,919 | -€1,856 | -11.8% |
| Trade receivables | 40 | €15,772 | €13,522 | -€2,250 | -14.3% |
| Other amounts receivable | 41 | €3 | €397 | +€394 | +11,553% |
| Cash at bank and in hand | 54/58 | €9,302 | €5,171 | -€4,131 | -44.4% |
| Total equity and liabilities | 10/49 | €59,430 | €44,719 | -€14,711 | -24.8% |
| Equity | 10/15 | €10,351 | €3,620 | -€6,731 | -65.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,351 | €7,351 | = | 0.0% |
| Distributable reserves | 133 | €7,351 | €7,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,731 | -€6,731 | |
| Amounts payable | 17/49 | €49,079 | €41,099 | -€7,980 | -16.3% |
| Amounts payable after more than one year | 17 | €16,151 | €9,055 | -€7,095 | -43.9% |
| Financial debts | 170/4 | €16,151 | €9,055 | -€7,095 | -43.9% |
| Amounts payable within one year | 42/48 | €32,928 | €32,043 | -€885 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,965 | €7,095 | +€130 | +1.9% |
| Trade debts | 44 | €1,938 | - | -€1,938 | |
| Suppliers | 440/4 | €1,938 | - | -€1,938 | |
| Taxes, remuneration and social security | 45 | €12,337 | €15,963 | +€3,625 | +29.4% |
| Taxes | 450/3 | €9,384 | €4,078 | -€5,305 | -56.5% |
| Remuneration and social security | 454/9 | €2,954 | €11,884 | +€8,930 | +302% |
| Other amounts payable | 47/48 | €11,688 | €8,985 | -€2,702 | -23.1% |
| Remuneration, social security and pensions | 62 | €13,931 | €11,766 | -€2,165 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,579 | €8,724 | +€145 | +1.7% |
| Other operating charges | 640/8 | €1,044 | €629 | -€415 | -39.8% |
| Gross operating margin | 9900 | €37,551 | €14,710 | -€22,842 | -60.8% |
| Operating profit (loss) | 9901 | €13,997 | -€6,409 | -€20,406 | |
| Financial charges | 65/66B | €952 | €528 | -€424 | -44.5% |
| Recurring financial charges | 65 | €952 | €528 | -€424 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €13,044 | -€6,938 | -€19,982 | |
| Income taxes | 67/77 | €4,837 | -€207 | -€5,044 | |
| Profit (loss) for the period | 9904 | €8,207 | -€6,731 | -€14,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,207 | -€6,731 | -€14,938 |
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 19 October 2026 via checked.be.