Wolfson Recruitment: 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.
Wolfson Recruitment
Largest movements
- Receivables within one year +€63,893
up €63,893 (+81.9%), from €78,050 to €141,944
of which Trade receivables: +€83,068
- Cash +€50,228
up €50,228 (+38.7%), from €129,751 to €179,978
mainly Net result for the year (+€73,668) and Tax, wage and social debts (+€63,113)
- Deferred charges and accrued income +€22,474
new in 2025: €22,474
- Tangible fixed assets -€4,652
down €4,652 (-20.5%), from €22,704 to €18,052
of which Plant, machinery and equipment: -€4,552
- Reserves +€73,668
up €73,668 (+139%), from €53,047 to €126,715
- Tax, wage and social debts +€63,113
up €63,113 (+127%), from €49,629 to €112,742
of which Taxes: +€44,265
- Other debts -€52,369
down €52,369 (-56.8%), from €92,220 to €39,851
- Trade debts +€43,333
up €43,333 (+107%), from €40,404 to €83,737
- Staff costs +€109,528
up €109,528 (+106%), from €103,308 to €212,836
- Gross operating margin +€96,886
up €96,886 (+41.9%), from €230,982 to €327,868
- Taxes +€7,802
up €7,802 (+57.2%), from €13,634 to €21,436
- Depreciation +€4,602
up €4,602 (+124%), from €3,704 to €8,306
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 | €237,031 | €367,740 | +€130,709 | +55.1% |
| Fixed assets | 21/28 | €29,230 | €23,344 | -€5,886 | -20.1% |
| Intangible fixed assets | 21 | €5,914 | €4,680 | -€1,234 | -20.9% |
| Tangible fixed assets | 22/27 | €22,704 | €18,052 | -€4,652 | -20.5% |
| Plant, machinery and equipment | 23 | €11,181 | €6,629 | -€4,552 | -40.7% |
| Furniture and vehicles | 24 | €7,424 | €5,837 | -€1,587 | -21.4% |
| Other tangible fixed assets | 26 | €4,100 | €5,586 | +€1,486 | +36.3% |
| Financial fixed assets | 28 | €612 | €612 | = | 0.0% |
| Current assets | 29/58 | €207,801 | €344,396 | +€136,595 | +65.7% |
| Amounts receivable within one year | 40/41 | €78,050 | €141,944 | +€63,893 | +81.9% |
| Trade receivables | 40 | €56,819 | €139,887 | +€83,068 | +146% |
| Other amounts receivable | 41 | €21,231 | €2,056 | -€19,175 | -90.3% |
| Cash at bank and in hand | 54/58 | €129,751 | €179,978 | +€50,228 | +38.7% |
| Deferred charges and accrued income | 490/1 | - | €22,474 | +€22,474 | |
| Total equity and liabilities | 10/49 | €237,031 | €367,740 | +€130,709 | +55.1% |
| Equity | 10/15 | €54,247 | €127,915 | +€73,668 | +136% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €53,047 | €126,715 | +€73,668 | +139% |
| Distributable reserves | 133 | €53,047 | €126,715 | +€73,668 | +139% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €182,784 | €239,825 | +€57,041 | +31.2% |
| Amounts payable within one year | 42/48 | €182,784 | €239,825 | +€57,041 | +31.2% |
| Financial debts | 43 | €531 | €3,495 | +€2,964 | +558% |
| Credit institutions | 430/8 | €531 | €3,495 | +€2,964 | +558% |
| Trade debts | 44 | €40,404 | €83,737 | +€43,333 | +107% |
| Suppliers | 440/4 | €40,404 | €83,737 | +€43,333 | +107% |
| Taxes, remuneration and social security | 45 | €49,629 | €112,742 | +€63,113 | +127% |
| Taxes | 450/3 | €40,546 | €84,811 | +€44,265 | +109% |
| Remuneration and social security | 454/9 | €9,083 | €27,931 | +€18,848 | +208% |
| Other amounts payable | 47/48 | €92,220 | €39,851 | -€52,369 | -56.8% |
| Remuneration, social security and pensions | 62 | €103,308 | €212,836 | +€109,528 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,704 | €8,306 | +€4,602 | +124% |
| Other operating charges | 640/8 | €1,959 | €3,371 | +€1,412 | +72.1% |
| Gross operating margin | 9900 | €230,982 | €327,868 | +€96,886 | +41.9% |
| Operating profit (loss) | 9901 | €122,011 | €103,354 | -€18,656 | -15.3% |
| Financial income | 75/76B | €193 | €172 | -€21 | -10.6% |
| Recurring financial income | 75 | €193 | €172 | -€21 | -10.6% |
| Financial charges | 65/66B | €5,523 | €8,423 | +€2,900 | +52.5% |
| Recurring financial charges | 65 | €5,523 | €8,423 | +€2,900 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €116,681 | €95,103 | -€21,577 | -18.5% |
| Income taxes | 67/77 | €13,634 | €21,436 | +€7,802 | +57.2% |
| Profit (loss) for the period | 9904 | €103,047 | €73,668 | -€29,380 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,047 | €73,668 | -€29,380 | -28.5% |
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 18 October 2026 via checked.be.