WOLFS WILLEM: 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.
WOLFS WILLEM
Largest movements
- Cash -€14,123
down €14,123 (-32.2%), from €43,843 to €29,720
mainly Net result for the year (-€8,726) and Other debts (-€7,053)
- Receivables within one year -€7,447
down €7,447 (-22.5%), from €33,129 to €25,682
of which Other amounts receivable: -€3,788
- Stocks and contracts +€2,304
up €2,304 (+281%), from €820 to €3,124
- Tangible fixed assets -€2,286
down €2,286 (-47.7%), from €4,794 to €2,508
of which Plant, machinery and equipment: -€1,905
- Profit (loss) carried forward -€8,726
down €8,726, from €3,708 to -€5,018
- Other debts -€7,053
down €7,053 (-58.8%), from €12,000 to €4,947
- Tax, wage and social debts -€6,058
down €6,058 (-46.8%), from €12,942 to €6,884
of which Taxes: -€4,309
- Gross operating margin -€39,907
down €39,907 (-62.9%), from €63,454 to €23,547
- Staff costs -€17,991
down €17,991 (-39.0%), from €46,182 to €28,191
- Taxes -€4,378
no longer reported in 2025 (was €4,378)
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 | €82,781 | €61,110 | -€21,671 | -26.2% |
| Fixed assets | 21/28 | €4,870 | €2,584 | -€2,286 | -46.9% |
| Tangible fixed assets | 22/27 | €4,794 | €2,508 | -€2,286 | -47.7% |
| Plant, machinery and equipment | 23 | €4,148 | €2,242 | -€1,905 | -45.9% |
| Furniture and vehicles | 24 | €646 | €265 | -€381 | -58.9% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €77,911 | €58,526 | -€19,385 | -24.9% |
| Stocks and contracts in progress | 3 | €820 | €3,124 | +€2,304 | +281% |
| Stocks | 30/36 | €820 | €3,124 | +€2,304 | +281% |
| Amounts receivable within one year | 40/41 | €33,129 | €25,682 | -€7,447 | -22.5% |
| Trade receivables | 40 | €29,341 | €25,682 | -€3,659 | -12.5% |
| Other amounts receivable | 41 | €3,788 | - | -€3,788 | |
| Cash at bank and in hand | 54/58 | €43,843 | €29,720 | -€14,123 | -32.2% |
| Deferred charges and accrued income | 490/1 | €119 | - | -€119 | |
| Total equity and liabilities | 10/49 | €82,781 | €61,110 | -€21,671 | -26.2% |
| Equity | 10/15 | €50,668 | €41,942 | -€8,726 | -17.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €26,500 | €26,500 | = | 0.0% |
| Distributable reserves | 133 | €26,500 | €26,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,708 | -€5,018 | -€8,726 | |
| Amounts payable | 17/49 | €32,113 | €19,168 | -€12,945 | -40.3% |
| Amounts payable within one year | 42/48 | €32,113 | €19,168 | -€12,945 | -40.3% |
| Trade debts | 44 | €7,170 | €7,337 | +€167 | +2.3% |
| Suppliers | 440/4 | €7,170 | €7,337 | +€167 | +2.3% |
| Taxes, remuneration and social security | 45 | €12,942 | €6,884 | -€6,058 | -46.8% |
| Taxes | 450/3 | €9,288 | €4,980 | -€4,309 | -46.4% |
| Remuneration and social security | 454/9 | €3,654 | €1,904 | -€1,750 | -47.9% |
| Other amounts payable | 47/48 | €12,000 | €4,947 | -€7,053 | -58.8% |
| Non-recurring operating income | 76A | €2,257 | - | -€2,257 | |
| Remuneration, social security and pensions | 62 | €46,182 | €28,191 | -€17,991 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,874 | €2,554 | -€320 | -11.1% |
| Other operating charges | 640/8 | €1,044 | €1,018 | -€25 | -2.4% |
| Gross operating margin | 9900 | €63,454 | €23,547 | -€39,907 | -62.9% |
| Operating profit (loss) | 9901 | €13,354 | -€8,216 | -€21,570 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €433 | €510 | +€77 | +17.7% |
| Recurring financial charges | 65 | €433 | €510 | +€77 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €12,921 | -€8,726 | -€21,647 | |
| Income taxes | 67/77 | €4,378 | - | -€4,378 | |
| Profit (loss) for the period | 9904 | €8,543 | -€8,726 | -€17,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,543 | -€8,726 | -€17,269 |
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.