Wolfs Toby: 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 Toby
Largest movements
- Cash +€47,548
up €47,548 (+225.2%), from €21,114 to €68,663
mainly Debts after one year (+€32,223) and Other debts (+€31,800)
- Tangible fixed assets +€40,838
up €40,838 (+2197.7%), from €1,858 to €42,696
- Receivables within one year -€17,512
down €17,512 (-61.3%), from €28,549 to €11,036
of which Trade receivables: -€15,897
- Debts after one year +€32,223
new in 2025: €32,223
- Other debts +€31,800
up €31,800 (+386.9%), from €8,220 to €40,019
- Current portion of long-term debt +€9,034
new in 2025: €9,034
- Profit (loss) carried forward -€5,610
down €5,610 (-15.8%), from €35,499 to €29,888
- Tax, wage and social debts +€4,390
up €4,390 (+131.6%), from €3,336 to €7,726
of which Taxes: +€4,350
- Gross operating margin +€5,039
up €5,039 (+14.8%), from €34,080 to €39,119
- Depreciation +€3,407
up €3,407 (+82.8%), from €4,114 to €7,521
- Financial charges +€1,013
up €1,013 (+661.7%), from €153 to €1,166
- Taxes -€456
down €456 (-7.5%), from €6,068 to €5,612
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 | €52,438 | €122,596 | +€70,159 | +133.8% |
| Fixed assets | 21/28 | €1,858 | €42,696 | +€40,838 | +2197.7% |
| Tangible fixed assets | 22/27 | €1,858 | €42,696 | +€40,838 | +2197.7% |
| Furniture and vehicles | 24 | €1,858 | €42,696 | +€40,838 | +2197.7% |
| Current assets | 29/58 | €50,579 | €79,901 | +€29,321 | +58.0% |
| Amounts receivable within one year | 40/41 | €28,549 | €11,036 | -€17,512 | -61.3% |
| Trade receivables | 40 | €26,467 | €10,570 | -€15,897 | -60.1% |
| Other amounts receivable | 41 | €2,082 | €466 | -€1,616 | -77.6% |
| Cash at bank and in hand | 54/58 | €21,114 | €68,663 | +€47,548 | +225.2% |
| Deferred charges and accrued income | 490/1 | €917 | €201 | -€715 | -78.0% |
| Total equity and liabilities | 10/49 | €52,438 | €122,596 | +€70,159 | +133.8% |
| Equity | 10/15 | €37,499 | €31,888 | -€5,610 | -15.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,499 | €29,888 | -€5,610 | -15.8% |
| Amounts payable | 17/49 | €14,939 | €90,708 | +€75,769 | +507.2% |
| Amounts payable after more than one year | 17 | - | €32,223 | +€32,223 | |
| Financial debts | 170/4 | - | €32,223 | +€32,223 | |
| Amounts payable within one year | 42/48 | €14,939 | €58,485 | +€43,546 | +291.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,034 | +€9,034 | |
| Trade debts | 44 | €3,383 | €1,706 | -€1,677 | -49.6% |
| Suppliers | 440/4 | €3,383 | €1,706 | -€1,677 | -49.6% |
| Taxes, remuneration and social security | 45 | €3,336 | €7,726 | +€4,390 | +131.6% |
| Taxes | 450/3 | €68 | €4,418 | +€4,350 | +6415.6% |
| Remuneration and social security | 454/9 | €3,268 | €3,308 | +€40 | +1.2% |
| Other amounts payable | 47/48 | €8,220 | €40,019 | +€31,800 | +386.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,114 | €7,521 | +€3,407 | +82.8% |
| Other operating charges | 640/8 | €105 | €430 | +€325 | +308.8% |
| Gross operating margin | 9900 | €34,080 | €39,119 | +€5,039 | +14.8% |
| Operating profit (loss) | 9901 | €29,861 | €31,168 | +€1,307 | +4.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €153 | €1,166 | +€1,013 | +661.7% |
| Recurring financial charges | 65 | €153 | €1,166 | +€1,013 | +661.7% |
| Profit (loss) for the period before taxes | 9903 | €29,708 | €30,002 | +€294 | +1.0% |
| Income taxes | 67/77 | €6,068 | €5,612 | -€456 | -7.5% |
| Profit (loss) for the period | 9904 | €23,640 | €24,390 | +€750 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,640 | €24,390 | +€750 | +3.2% |
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 8 October 2026 via checked.be.