Wolfs M&J: 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.
Wolfs M&J
Largest movements
- Cash -€796
down €796 (-92.6%), from €860 to €64
mainly Net result for the year (-€5,632) and Receivables within one year (-€665)
- Receivables within one year +€665
up €665 (+93.7%), from €710 to €1,375
- Profit (loss) carried forward -€5,632
down €5,632 (-16.5%), from -€34,128 to -€39,761
- Trade debts +€3,643
up €3,643 (+135.0%), from €2,699 to €6,342
- Other debts +€1,670
up €1,670 (+5.2%), from €31,869 to €33,539
- Tax, wage and social debts +€229
up €229 (+103.3%), from €222 to €451
- Depreciation -€2,642
no longer reported in 2025 (was €2,642)
- Gross operating margin -€2,068
down €2,068 (-92.3%), from -€2,240 to -€4,309
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 | €13,519 | €13,429 | -€90 | -0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,250 | €11,250 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €11,250 | €11,250 | = | 0.0% |
| Current assets | 29/58 | €2,269 | €2,179 | -€90 | -4.0% |
| Amounts receivable within one year | 40/41 | €710 | €1,375 | +€665 | +93.7% |
| Trade receivables | 40 | €710 | €1,375 | +€665 | +93.7% |
| Cash at bank and in hand | 54/58 | €860 | €64 | -€796 | -92.6% |
| Deferred charges and accrued income | 490/1 | €700 | €740 | +€40 | +5.7% |
| Total equity and liabilities | 10/49 | €13,519 | €13,429 | -€90 | -0.7% |
| Equity | 10/15 | -€22,128 | -€27,761 | -€5,632 | -25.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,128 | -€39,761 | -€5,632 | -16.5% |
| Amounts payable | 17/49 | €35,648 | €41,190 | +€5,542 | +15.5% |
| Amounts payable within one year | 42/48 | €34,790 | €40,332 | +€5,542 | +15.9% |
| Trade debts | 44 | €2,699 | €6,342 | +€3,643 | +135.0% |
| Suppliers | 440/4 | €2,699 | €6,342 | +€3,643 | +135.0% |
| Taxes, remuneration and social security | 45 | €222 | €451 | +€229 | +103.3% |
| Taxes | 450/3 | €222 | €451 | +€229 | +103.3% |
| Other amounts payable | 47/48 | €31,869 | €33,539 | +€1,670 | +5.2% |
| Accrued charges and deferred income | 492/3 | €858 | €858 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,642 | - | -€2,642 | |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | -€2,240 | -€4,309 | -€2,068 | -92.3% |
| Operating profit (loss) | 9901 | -€5,781 | -€5,237 | +€544 | +9.4% |
| Financial charges | 65/66B | €153 | €166 | +€13 | +8.3% |
| Recurring financial charges | 65 | €153 | €166 | +€13 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,935 | -€5,403 | +€532 | +9.0% |
| Income taxes | 67/77 | €222 | €229 | +€7 | +3.3% |
| Profit (loss) for the period | 9904 | -€6,157 | -€5,632 | +€524 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,157 | -€5,632 | +€524 | +8.5% |
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 9 October 2026 via checked.be.