WOLKMAN: 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.
WOLKMAN
Largest movements
- Receivables within one year -€28,299
down €28,299 (-59.9%), from €47,276 to €18,977
of which Trade receivables: -€16,825
- Debts after one year -€52,559
down €52,559 (-9.4%), from €558,730 to €506,171
- Profit (loss) carried forward +€29,238
up €29,238 (+59.8%), from -€48,882 to -€19,644
- Trade debts -€8,451
down €8,451 (-47.0%), from €17,975 to €9,524
- Gross operating margin -€18,026
down €18,026 (-12.0%), from €149,613 to €131,587
- Depreciation +€5,068
up €5,068 (+9.2%), from €55,090 to €60,157
- Financial charges -€4,322
down €4,322 (-22.1%), from €19,517 to €15,195
- Other operating charges +€4,218
up €4,218 (+27.5%), from €15,351 to €19,569
- Taxes -€3,500
down €3,500 (-28.6%), from €12,218 to €8,718
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 | €703,868 | €667,035 | -€36,833 | -5.2% |
| Fixed assets | 21/28 | €647,860 | €641,758 | -€6,102 | -0.9% |
| Tangible fixed assets | 22/27 | €647,860 | €641,758 | -€6,102 | -0.9% |
| Land and buildings | 22 | €441,651 | €449,458 | +€7,807 | +1.8% |
| Furniture and vehicles | 24 | €8,490 | €5,718 | -€2,772 | -32.7% |
| Other tangible fixed assets | 26 | €197,720 | €186,582 | -€11,138 | -5.6% |
| Current assets | 29/58 | €56,008 | €25,277 | -€30,731 | -54.9% |
| Amounts receivable within one year | 40/41 | €47,276 | €18,977 | -€28,299 | -59.9% |
| Trade receivables | 40 | €29,325 | €12,500 | -€16,825 | -57.4% |
| Other amounts receivable | 41 | €17,951 | €6,477 | -€11,474 | -63.9% |
| Cash at bank and in hand | 54/58 | €4,740 | €803 | -€3,937 | -83.1% |
| Deferred charges and accrued income | 490/1 | €3,992 | €5,497 | +€1,505 | +37.7% |
| Total equity and liabilities | 10/49 | €703,868 | €667,035 | -€36,833 | -5.2% |
| Equity | 10/15 | €53,938 | €81,901 | +€27,963 | +51.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,220 | €82,944 | -€1,276 | -1.5% |
| Distributable reserves | 133 | €84,220 | €82,944 | -€1,276 | -1.5% |
| Profit (loss) carried forward | 14 | -€48,882 | -€19,644 | +€29,238 | +59.8% |
| Amounts payable | 17/49 | €649,930 | €585,134 | -€64,796 | -10.0% |
| Amounts payable after more than one year | 17 | €558,730 | €506,171 | -€52,559 | -9.4% |
| Financial debts | 170/4 | €558,730 | €506,171 | -€52,559 | -9.4% |
| Amounts payable within one year | 42/48 | €91,199 | €78,963 | -€12,236 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €61,751 | €56,264 | -€5,487 | -8.9% |
| Financial debts | 43 | - | €5,035 | +€5,035 | |
| Credit institutions | 430/8 | - | €5,035 | +€5,035 | |
| Trade debts | 44 | €17,975 | €9,524 | -€8,451 | -47.0% |
| Suppliers | 440/4 | €17,975 | €9,524 | -€8,451 | -47.0% |
| Taxes, remuneration and social security | 45 | €7,487 | €8,140 | +€653 | +8.7% |
| Taxes | 450/3 | €7,487 | €8,140 | +€653 | +8.7% |
| Other amounts payable | 47/48 | €3,986 | €0 | -€3,986 | -100.0% |
| Non-recurring operating income | 76A | €5,402 | €0 | -€5,402 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,090 | €60,157 | +€5,068 | +9.2% |
| Other operating charges | 640/8 | €15,351 | €19,569 | +€4,218 | +27.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €149,613 | €131,587 | -€18,026 | -12.0% |
| Operating profit (loss) | 9901 | €79,172 | €51,860 | -€27,312 | -34.5% |
| Financial income | 75/76B | €516 | €15 | -€500 | -97.0% |
| Recurring financial income | 75 | €516 | €15 | -€500 | -97.0% |
| Financial charges | 65/66B | €19,517 | €15,195 | -€4,322 | -22.1% |
| Recurring financial charges | 65 | €19,517 | €15,195 | -€4,322 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €60,171 | €36,681 | -€23,491 | -39.0% |
| Income taxes | 67/77 | €12,218 | €8,718 | -€3,500 | -28.6% |
| Profit (loss) for the period | 9904 | €47,953 | €27,963 | -€19,991 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,953 | €27,963 | -€19,991 | -41.7% |
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 12 October 2026 via checked.be.