WOLFTECH: 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.
What changed
WOLFTECH
NACE 77.229, Renting and leasing of other personal and household goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,121
2024 · €66,689-€40,568
Equity
€1.8m
2024 · €1.8m+€26,121
Cash
€58,812
2024 · €391,319-€332,507
Balance sheet total
€15.5m
2024 · €13.5m+€2.0m
Largest movements
Assets
- Tangible fixed assets +€1.8m
up €1.8m (+22.5%), from €7.9m to €9.7m
of which Leasing and similar rights: +€987,674
- Cash -€332,507
down €332,507 (-85.0%), from €391,319 to €58,812
mainly Investment in fixed assets (net) (-€3.8m) and Receivables within one year (-€328,263)
- Receivables within one year +€328,263
up €328,263 (+7.9%), from €4.1m to €4.5m
of which Trade receivables: +€322,052
- Stocks and contracts +€250,854
up €250,854 (+25.8%), from €974,059 to €1.2m
Equity and liabilities
- Debts after one year +€811,885
up €811,885 (+15.3%), from €5.3m to €6.1m
- Short-term financial debts +€628,830
up €628,830 (+28.7%), from €2.2m to €2.8m
- Current portion of long-term debt +€269,122
up €269,122 (+20.7%), from €1.3m to €1.6m
- Tax, wage and social debts +€245,458
up €245,458 (+57.3%), from €428,006 to €673,464
of which Remuneration and social security: +€147,086
- Trade debts +€171,075
up €171,075 (+7.3%), from €2.3m to €2.5m
Income statement
- Goods and materials -€937,711
down €937,711 (-23.2%), from €4.0m to €3.1m
of which Purchases: -€656,685
- Services and other goods +€640,024
up €640,024 (+15.4%), from €4.2m to €4.8m
- Turnover +€384,900
up €384,900 (+2.8%), from €13.6m to €14.0m
- Other operating charges +€351,815
up €351,815 (+403%), from €87,355 to €439,170
- Staff costs +€237,932
up €237,932 (+8.1%), from €2.9m to €3.2m
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.
Result 2024
€66,689
Turnover
+€384,900
Other operating income
+€30,696
Goods and materials
+€937,711
Services and other goods
-€640,024
Staff costs
-€237,932
Depreciation
-€184,888
Write-downs
-€31,387
Other operating charges
-€351,815
Other operating items
-€6,450
Financial income
+€8,635
Financial charges
+€31,522
Taxes
+€18,464
Result 2025
€26,121
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
-€3.8m
Financing
+€1.7m
Cash 2024
€391,319
From operations (derived)
+€1.8m
Net result for the year
+€26,121
Depreciation
+€2.0m
Stocks and contracts
-€250,854
Receivables within one year
-€328,263
Smaller working-capital items
-€13,546
Trade debts
+€171,075
Tax, wage and social debts
+€245,458
Other debts
-€104,493
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€1.7m
Debts after one year
+€811,885
Current portion of long-term debt
+€269,122
Short-term financial debts
+€628,830
Cash 2025
€58,812
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,463,952 | €15,502,500 | +€2.0m | +15.1% |
| Fixed assets | 21/28 | €7,936,596 | €9,724,438 | +€1.8m | +22.5% |
| Tangible fixed assets | 22/27 | €7,930,871 | €9,718,713 | +€1.8m | +22.5% |
| Plant, machinery and equipment | 23 | €7,711,044 | €8,509,930 | +€798,886 | +10.4% |
| Furniture and vehicles | 24 | €37,088 | €38,370 | +€1,282 | +3.5% |
| Leasing and similar rights | 25 | €182,739 | €1,170,413 | +€987,674 | +540% |
| Financial fixed assets | 28 | €5,725 | €5,725 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,725 | €5,725 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,725 | €5,725 | = | 0.0% |
| Current assets | 29/58 | €5,527,356 | €5,778,062 | +€250,706 | +4.5% |
| Stocks and contracts in progress | 3 | €974,059 | €1,224,913 | +€250,854 | +25.8% |
| Stocks | 30/36 | €974,059 | €1,224,913 | +€250,854 | +25.8% |
| Goods purchased for resale | 34 | €974,059 | €1,224,913 | +€250,854 | +25.8% |
| Amounts receivable within one year | 40/41 | €4,132,725 | €4,460,988 | +€328,263 | +7.9% |
| Trade receivables | 40 | €4,053,308 | €4,375,360 | +€322,052 | +7.9% |
| Other amounts receivable | 41 | €79,417 | €85,628 | +€6,211 | +7.8% |
| Cash at bank and in hand | 54/58 | €391,319 | €58,812 | -€332,507 | -85.0% |
| Deferred charges and accrued income | 490/1 | €29,253 | €33,349 | +€4,096 | +14.0% |
| Total equity and liabilities | 10/49 | €13,463,952 | €15,502,500 | +€2.0m | +15.1% |
| Equity | 10/15 | €1,774,786 | €1,800,907 | +€26,121 | +1.5% |
| Contributions | 10/11 | €330,765 | €330,765 | = | 0.0% |
| Capital | 10 | €330,765 | €330,765 | = | 0.0% |
| Issued capital | 100 | €330,765 | €330,765 | = | 0.0% |
| Reserves | 13 | €1,444,021 | €1,470,142 | +€26,121 | +1.8% |
| Non-distributable reserves | 130/1 | €33,077 | €33,077 | = | 0.0% |
| Legal reserve | 130 | €33,077 | €33,077 | = | 0.0% |
| Distributable reserves | 133 | €1,410,944 | €1,437,065 | +€26,121 | +1.9% |
| Amounts payable | 17/49 | €11,689,166 | €13,701,593 | +€2.0m | +17.2% |
| Amounts payable after more than one year | 17 | €5,303,235 | €6,115,120 | +€811,885 | +15.3% |
| Financial debts | 170/4 | €5,303,235 | €6,115,120 | +€811,885 | +15.3% |
| Leasing and similar obligations | 172 | €96,192 | €971,111 | +€874,919 | +910% |
| Credit institutions | 173 | €5,207,043 | €5,144,009 | -€63,034 | -1.2% |
| Amounts payable within one year | 42/48 | €6,385,931 | €7,586,473 | +€1.2m | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €1,299,054 | €1,568,176 | +€269,122 | +20.7% |
| Financial debts | 43 | €2,190,165 | €2,818,995 | +€628,830 | +28.7% |
| Credit institutions | 430/8 | €2,190,165 | €2,818,995 | +€628,830 | +28.7% |
| Trade debts | 44 | €2,338,208 | €2,509,283 | +€171,075 | +7.3% |
| Suppliers | 440/4 | €2,338,208 | €2,509,283 | +€171,075 | +7.3% |
| Advances received on contracts in progress | 46 | €26,005 | €16,555 | -€9,450 | -36.3% |
| Taxes, remuneration and social security | 45 | €428,006 | €673,464 | +€245,458 | +57.3% |
| Taxes | 450/3 | €266,252 | €364,624 | +€98,372 | +36.9% |
| Remuneration and social security | 454/9 | €161,754 | €308,840 | +€147,086 | +90.9% |
| Other amounts payable | 47/48 | €104,493 | - | -€104,493 | |
| Operating income | 70/76A | €13,609,390 | €14,024,171 | +€414,781 | +3.0% |
| Turnover | 70 | €13,565,774 | €13,950,674 | +€384,900 | +2.8% |
| Other operating income | 74 | €42,801 | €73,497 | +€30,696 | +71.7% |
| Non-recurring operating income | 76A | €815 | - | -€815 | |
| Operating charges | 60/66A | €13,044,933 | €13,558,903 | +€513,970 | +3.9% |
| Goods for resale, raw materials and consumables | 60 | €4,040,688 | €3,102,977 | -€937,711 | -23.2% |
| Purchases | 600/8 | €4,010,516 | €3,353,831 | -€656,685 | -16.4% |
| Change in stocks: decrease (increase) | 609 | €30,172 | -€250,854 | -€281,026 | |
| Services and other goods | 61 | €4,162,019 | €4,802,043 | +€640,024 | +15.4% |
| Remuneration, social security and pensions | 62 | €2,936,778 | €3,174,710 | +€237,932 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,839,565 | €2,024,453 | +€184,888 | +10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€21,472 | €9,915 | +€31,387 | |
| Other operating charges | 640/8 | €87,355 | €439,170 | +€351,815 | +403% |
| Non-recurring operating charges | 66A | - | €5,635 | +€5,635 | |
| Operating profit (loss) | 9901 | €564,457 | €465,268 | -€99,189 | -17.6% |
| Financial income | 75/76B | €20,315 | €28,950 | +€8,635 | +42.5% |
| Recurring financial income | 75 | €20,315 | €28,950 | +€8,635 | +42.5% |
| Other financial income | 752/9 | €20,315 | €28,950 | +€8,635 | +42.5% |
| Financial charges | 65/66B | €460,273 | €428,751 | -€31,522 | -6.8% |
| Recurring financial charges | 65 | €460,273 | €428,751 | -€31,522 | -6.8% |
| Debt charges | 650 | €453,715 | €420,099 | -€33,616 | -7.4% |
| Other financial charges | 652/9 | €6,558 | €8,652 | +€2,094 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €124,499 | €65,467 | -€59,032 | -47.4% |
| Income taxes | 67/77 | €57,810 | €39,346 | -€18,464 | -31.9% |
| Taxes | 670/3 | €57,948 | €39,346 | -€18,602 | -32.1% |
| Tax adjustments and reversals of tax provisions | 77 | €138 | - | -€138 | |
| Profit (loss) for the period | 9904 | €66,689 | €26,121 | -€40,568 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,689 | €26,121 | -€40,568 | -60.8% |
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 14 October 2026 via checked.be.