WOLFS WONEN: 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 WONEN
Largest movements
- Cash +€41,066
up €41,066 (+35.4%), from €116,034 to €157,100
mainly Net result for the year (+€134,931) and Depreciation (+€22,029)
- Receivables within one year +€8,866
up €8,866 (+28.4%), from €31,186 to €40,051
of which Trade receivables: +€8,735
- Reserves +€134,931
up €134,931 (+60.8%), from €222,035 to €356,966
- Debts after one year -€73,956
down €73,956 (-17.9%), from €412,758 to €338,802
- Advances received -€27,553
no longer reported in 2025 (was €27,553)
- Trade debts +€16,928
up €16,928 (+92.2%), from €18,359 to €35,287
- Gross operating margin +€125,073
up €125,073 (+43.4%), from €288,500 to €413,574
- Taxes +€35,473
up €35,473 (+169.5%), from €20,923 to €56,396
- Staff costs +€9,415
up €9,415 (+5.5%), from €171,545 to €180,960
- Other operating charges -€6,976
down €6,976 (-42.8%), from €16,307 to €9,331
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 | €791,581 | €843,254 | +€51,673 | +6.5% |
| Fixed assets | 21/28 | €607,786 | €609,086 | +€1,300 | +0.2% |
| Tangible fixed assets | 22/27 | €606,986 | €608,286 | +€1,300 | +0.2% |
| Land and buildings | 22 | €595,026 | €592,764 | -€2,262 | -0.4% |
| Plant, machinery and equipment | 23 | €8,855 | €9,379 | +€524 | +5.9% |
| Furniture and vehicles | 24 | €3,105 | €6,143 | +€3,038 | +97.8% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €183,795 | €234,168 | +€50,373 | +27.4% |
| Stocks and contracts in progress | 3 | €25,365 | €28,764 | +€3,398 | +13.4% |
| Stocks | 30/36 | €25,365 | €28,764 | +€3,398 | +13.4% |
| Amounts receivable within one year | 40/41 | €31,186 | €40,051 | +€8,866 | +28.4% |
| Trade receivables | 40 | €25,340 | €34,075 | +€8,735 | +34.5% |
| Other amounts receivable | 41 | €5,846 | €5,976 | +€130 | +2.2% |
| Cash at bank and in hand | 54/58 | €116,034 | €157,100 | +€41,066 | +35.4% |
| Deferred charges and accrued income | 490/1 | €11,210 | €8,253 | -€2,957 | -26.4% |
| Total equity and liabilities | 10/49 | €791,581 | €843,254 | +€51,673 | +6.5% |
| Equity | 10/15 | €241,327 | €376,258 | +€134,931 | +55.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,035 | €356,966 | +€134,931 | +60.8% |
| Distributable reserves | 133 | €222,035 | €356,966 | +€134,931 | +60.8% |
| Profit (loss) carried forward | 14 | €692 | €692 | = | 0.0% |
| Amounts payable | 17/49 | €550,254 | €466,997 | -€83,258 | -15.1% |
| Amounts payable after more than one year | 17 | €412,758 | €338,802 | -€73,956 | -17.9% |
| Financial debts | 170/4 | €412,758 | €338,802 | -€73,956 | -17.9% |
| Amounts payable within one year | 42/48 | €137,496 | €128,195 | -€9,301 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €33,102 | €33,956 | +€854 | +2.6% |
| Financial debts | 43 | €6,811 | €6,790 | -€21 | -0.3% |
| Credit institutions | 430/8 | €6,811 | €6,790 | -€21 | -0.3% |
| Trade debts | 44 | €18,359 | €35,287 | +€16,928 | +92.2% |
| Suppliers | 440/4 | €18,359 | €35,287 | +€16,928 | +92.2% |
| Advances received on contracts in progress | 46 | €27,553 | - | -€27,553 | |
| Taxes, remuneration and social security | 45 | €49,080 | €49,578 | +€499 | +1.0% |
| Taxes | 450/3 | €27,334 | €25,366 | -€1,968 | -7.2% |
| Remuneration and social security | 454/9 | €21,746 | €24,212 | +€2,467 | +11.3% |
| Other amounts payable | 47/48 | €2,592 | €2,583 | -€8 | -0.3% |
| Remuneration, social security and pensions | 62 | €171,545 | €180,960 | +€9,415 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,324 | €22,029 | +€1,705 | +8.4% |
| Other operating charges | 640/8 | €16,307 | €9,331 | -€6,976 | -42.8% |
| Non-recurring operating charges | 66A | - | €2,872 | +€2,872 | |
| Gross operating margin | 9900 | €288,500 | €413,574 | +€125,073 | +43.4% |
| Operating profit (loss) | 9901 | €80,324 | €198,381 | +€118,057 | +147.0% |
| Financial income | 75/76B | €316 | €809 | +€494 | +156.3% |
| Recurring financial income | 75 | €316 | €809 | +€494 | +156.3% |
| Financial charges | 65/66B | €8,471 | €7,863 | -€608 | -7.2% |
| Recurring financial charges | 65 | €8,471 | €7,863 | -€608 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €72,169 | €191,327 | +€119,159 | +165.1% |
| Income taxes | 67/77 | €20,923 | €56,396 | +€35,473 | +169.5% |
| Profit (loss) for the period | 9904 | €51,245 | €134,931 | +€83,686 | +163.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,245 | €134,931 | +€83,686 | +163.3% |
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 4 October 2026 via checked.be.