WOLLF: 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.
WOLLF
Largest movements
- Receivables within one year -€184,910
down €184,910 (-74.8%), from €247,236 to €62,326
of which Other amounts receivable: -€188,021
- Stocks and contracts -€40,181
down €40,181 (-55.4%), from €72,493 to €32,312
- Cash -€23,299
down €23,299 (-37.0%), from €62,985 to €39,686
mainly Contributions, distributions and other (-€225,552) and Trade debts (-€33,971)
- Financial fixed assets -€20,000
down €20,000 (-38.7%), from €51,684 to €31,684
- Current investments +€14,765
up €14,765 (+57.9%), from €25,495 to €40,260
- Reserves -€202,770
down €202,770 (-54.2%), from €374,294 to €171,524
of which Distributable reserves: -€202,770
- Trade debts -€33,971
down €33,971 (-80.6%), from €42,172 to €8,201
- Tax, wage and social debts -€19,809
down €19,809 (-66.3%), from €29,867 to €10,058
- Current portion of long-term debt -€7,518
down €7,518 (-50.4%), from €14,910 to €7,393
- Gross operating margin -€47,540
down €47,540 (-57.5%), from €82,695 to €35,155
- Taxes -€13,346
down €13,346 (-58.9%), from €22,649 to €9,303
- Write-downs -€9,401
new in 2025: -€9,401
- Other operating charges +€9,225
up €9,225 (+1707.4%), from €540 to €9,765
- Financial income -€2,162
down €2,162 (-70.4%), from €3,071 to €908
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 | €495,336 | €235,116 | -€260,220 | -52.5% |
| Fixed assets | 21/28 | €54,836 | €33,434 | -€21,402 | -39.0% |
| Tangible fixed assets | 22/27 | €3,152 | €1,750 | -€1,402 | -44.5% |
| Plant, machinery and equipment | 23 | €3,152 | €1,750 | -€1,402 | -44.5% |
| Financial fixed assets | 28 | €51,684 | €31,684 | -€20,000 | -38.7% |
| Current assets | 29/58 | €440,500 | €201,682 | -€238,818 | -54.2% |
| Amounts receivable after more than one year | 29 | €32,292 | €27,099 | -€5,193 | -16.1% |
| Other amounts receivable | 291 | €32,292 | €27,099 | -€5,193 | -16.1% |
| Stocks and contracts in progress | 3 | €72,493 | €32,312 | -€40,181 | -55.4% |
| Stocks | 30/36 | €72,493 | €32,312 | -€40,181 | -55.4% |
| Amounts receivable within one year | 40/41 | €247,236 | €62,326 | -€184,910 | -74.8% |
| Trade receivables | 40 | €42,092 | €45,203 | +€3,112 | +7.4% |
| Other amounts receivable | 41 | €205,144 | €17,123 | -€188,021 | -91.7% |
| Current investments | 50/53 | €25,495 | €40,260 | +€14,765 | +57.9% |
| Cash at bank and in hand | 54/58 | €62,985 | €39,686 | -€23,299 | -37.0% |
| Total equity and liabilities | 10/49 | €495,336 | €235,116 | -€260,220 | -52.5% |
| Equity | 10/15 | €386,794 | €184,024 | -€202,770 | -52.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €374,294 | €171,524 | -€202,770 | -54.2% |
| Tax-exempt reserves | 132 | €3,347 | €3,347 | = | 0.0% |
| Distributable reserves | 133 | €370,947 | €168,177 | -€202,770 | -54.7% |
| Amounts payable | 17/49 | €108,542 | €51,092 | -€57,450 | -52.9% |
| Amounts payable within one year | 42/48 | €108,542 | €51,092 | -€57,450 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €14,910 | €7,393 | -€7,518 | -50.4% |
| Trade debts | 44 | €42,172 | €8,201 | -€33,971 | -80.6% |
| Suppliers | 440/4 | €42,172 | €8,201 | -€33,971 | -80.6% |
| Taxes, remuneration and social security | 45 | €29,867 | €10,058 | -€19,809 | -66.3% |
| Taxes | 450/3 | €29,867 | €10,058 | -€19,809 | -66.3% |
| Other amounts payable | 47/48 | €21,593 | €25,440 | +€3,848 | +17.8% |
| Non-recurring operating income | 76A | €1 | €8 | +€8 | +1554.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,352 | €1,402 | +€51 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,401 | -€9,401 | |
| Other operating charges | 640/8 | €540 | €9,765 | +€9,225 | +1707.4% |
| Non-recurring operating charges | 66A | €254 | - | -€254 | |
| Gross operating margin | 9900 | €82,695 | €35,155 | -€47,540 | -57.5% |
| Operating profit (loss) | 9901 | €80,549 | €33,388 | -€47,161 | -58.5% |
| Financial income | 75/76B | €3,071 | €908 | -€2,162 | -70.4% |
| Recurring financial income | 75 | €3,071 | €908 | -€2,162 | -70.4% |
| Financial charges | 65/66B | €3,213 | €2,211 | -€1,001 | -31.2% |
| Recurring financial charges | 65 | €3,212 | €2,211 | -€1,001 | -31.2% |
| Non-recurring financial charges | 66B | €0 | €0 | -€0 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €80,407 | €32,085 | -€48,322 | -60.1% |
| Income taxes | 67/77 | €22,649 | €9,303 | -€13,346 | -58.9% |
| Profit (loss) for the period | 9904 | €57,758 | €22,782 | -€34,976 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,758 | €22,782 | -€34,976 | -60.6% |
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 8 October 2026 via checked.be.