Wolfron: what changed
Two fiscal 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.
Wolfron
Largest movements
- Financial fixed assets +€32.4m
up €32.4m (+87.1%), from €37.2m to €69.5m
- Current investments -€6.9m
down €6.9m (-39.0%), from €17.7m to €10.8m
- Receivables after one year +€4.3m
up €4.3m (+124.6%), from €3.4m to €7.7m
of which Other amounts receivable: +€2.3m
- Contributions +€28.1m
up €28.1m (+48.7%), from €57.7m to €85.8m
- Reserves +€1.2m
up €1.2m (+53.0%), from €2.2m to €3.3m
- Financial income -€1.2m
down €1.2m (-39.2%), from €2.9m to €1.8m
- Taxes -€171,759
down €171,759 (-59.6%), from €288,165 to €116,406
- Financial charges +€156,716
up €156,716 (+131.8%), from €118,900 to €275,615
of which Non-recurring financial charges: +€151,203
- Gross operating margin -€104,517
down €104,517 (-85.0%), from -€123,013 to -€227,531
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.
Cash bridge derived
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 | €60,360,252 | €89,276,483 | +€28.9m | +47.9% |
| Fixed assets | 21/28 | €37,180,869 | €69,536,046 | +€32.4m | +87.0% |
| Tangible fixed assets | 22/27 | €22,013 | €16,613 | -€5,400 | -24.5% |
| Furniture and vehicles | 24 | €22,013 | €16,613 | -€5,400 | -24.5% |
| Financial fixed assets | 28 | €37,158,856 | €69,519,433 | +€32.4m | +87.1% |
| Current assets | 29/58 | €23,179,383 | €19,740,437 | -€3.4m | -14.8% |
| Amounts receivable after more than one year | 29 | €3,440,000 | €7,724,829 | +€4.3m | +124.6% |
| Trade receivables | 290 | €3,440,000 | €5,474,829 | +€2.0m | +59.2% |
| Other amounts receivable | 291 | - | €2,250,000 | +€2.3m | |
| Amounts receivable within one year | 40/41 | €792,471 | €767,070 | -€25,402 | -3.2% |
| Other amounts receivable | 41 | €792,471 | €767,070 | -€25,402 | -3.2% |
| Current investments | 50/53 | €17,739,285 | €10,829,418 | -€6.9m | -39.0% |
| Cash at bank and in hand | 54/58 | €913,967 | €286,796 | -€627,171 | -68.6% |
| Deferred charges and accrued income | 490/1 | €293,661 | €132,325 | -€161,336 | -54.9% |
| Total equity and liabilities | 10/49 | €60,360,252 | €89,276,483 | +€28.9m | +47.9% |
| Equity | 10/15 | €59,911,292 | €89,182,778 | +€29.3m | +48.9% |
| Contributions | 10/11 | €57,722,956 | €85,833,533 | +€28.1m | +48.7% |
| Reserves | 13 | €2,188,336 | €3,349,245 | +€1.2m | +53.0% |
| Distributable reserves | 133 | €2,188,336 | €3,349,245 | +€1.2m | +53.0% |
| Amounts payable | 17/49 | €448,960 | €93,704 | -€355,255 | -79.1% |
| Amounts payable within one year | 42/48 | €448,960 | €93,704 | -€355,255 | -79.1% |
| Financial debts | 43 | €251,080 | - | -€251,080 | |
| Credit institutions | 430/8 | €251,080 | - | -€251,080 | |
| Trade debts | 44 | €25 | €6,205 | +€6,180 | +24721.7% |
| Suppliers | 440/4 | €25 | €6,205 | +€6,180 | +24721.7% |
| Taxes, remuneration and social security | 45 | €197,855 | €79,614 | -€118,241 | -59.8% |
| Taxes | 450/3 | €197,855 | €79,614 | -€118,241 | -59.8% |
| Other amounts payable | 47/48 | - | €7,885 | +€7,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,987 | €5,400 | +€413 | +8.3% |
| Other operating charges | 640/8 | €1,513 | €1,847 | +€334 | +22.1% |
| Gross operating margin | 9900 | -€123,013 | -€227,531 | -€104,517 | -85.0% |
| Operating profit (loss) | 9901 | -€129,514 | -€234,778 | -€105,264 | -81.3% |
| Financial income | 75/76B | €2,941,014 | €1,787,709 | -€1.2m | -39.2% |
| Recurring financial income | 75 | €2,941,014 | €1,787,709 | -€1.2m | -39.2% |
| Financial charges | 65/66B | €118,900 | €275,615 | +€156,716 | +131.8% |
| Recurring financial charges | 65 | €42,579 | €48,091 | +€5,512 | +12.9% |
| Non-recurring financial charges | 66B | €76,321 | €227,524 | +€151,203 | +198.1% |
| Profit (loss) for the period before taxes | 9903 | €2,692,601 | €1,277,315 | -€1.4m | -52.6% |
| Income taxes | 67/77 | €288,165 | €116,406 | -€171,759 | -59.6% |
| Profit (loss) for the period | 9904 | €2,404,436 | €1,160,909 | -€1.2m | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,404,436 | €1,160,909 | -€1.2m | -51.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.