WOLV: 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.
WOLV
Largest movements
- Cash +€110,168
up €110,168 (+302%), from €36,524 to €146,692
mainly Contributions, distributions and other (+€623,716) and Tax, wage and social debts (+€103,504)
- Receivables within one year +€101,560
up €101,560 (+376%), from €27,000 to €128,560
of which Other amounts receivable: +€110,005
- Tangible fixed assets +€78,679
up €78,679 (+8.2%), from €957,556 to €1.0m
- Short-term financial debts -€400,000
no longer reported in 2025 (was €400,000)
- Profit (loss) carried forward +€338,107
up €338,107, from -€63,009 to €275,098
- Reserves +€184,509
new in 2025: €184,509
- Tax, wage and social debts +€103,504
new in 2025: €103,504
- Contributions +€76,500
up €76,500 (+411%), from €18,600 to €95,100
- Financial charges -€15,998
down €15,998 (-59.8%), from €26,764 to €10,766
- Gross operating margin +€10,425
up €10,425 (+114%), from €9,161 to €19,586
- Other operating charges +€7,934
up €7,934 (+267%), from €2,976 to €10,910
- Financial income +€4,465
new in 2025: €4,465
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 | €1,021,176 | €1,311,934 | +€290,759 | +28.5% |
| Fixed assets | 21/28 | €957,556 | €1,036,235 | +€78,679 | +8.2% |
| Tangible fixed assets | 22/27 | €957,556 | €1,036,235 | +€78,679 | +8.2% |
| Land and buildings | 22 | €957,556 | €1,036,235 | +€78,679 | +8.2% |
| Current assets | 29/58 | €63,619 | €275,699 | +€212,080 | +333% |
| Amounts receivable within one year | 40/41 | €27,000 | €128,560 | +€101,560 | +376% |
| Trade receivables | 40 | €27,000 | €18,556 | -€8,444 | -31.3% |
| Other amounts receivable | 41 | - | €110,005 | +€110,005 | |
| Cash at bank and in hand | 54/58 | €36,524 | €146,692 | +€110,168 | +302% |
| Deferred charges and accrued income | 490/1 | €95 | €446 | +€351 | +369% |
| Total equity and liabilities | 10/49 | €1,021,176 | €1,311,934 | +€290,759 | +28.5% |
| Equity | 10/15 | €63,971 | €689,166 | +€625,196 | +977% |
| Contributions | 10/11 | €18,600 | €95,100 | +€76,500 | +411% |
| Reserves | 13 | - | €184,509 | +€184,509 | |
| Distributable reserves | 133 | - | €184,509 | +€184,509 | |
| Profit (loss) carried forward | 14 | -€63,009 | €275,098 | +€338,107 | |
| Investment grants | 15 | €108,380 | €134,459 | +€26,080 | +24.1% |
| Amounts payable | 17/49 | €957,205 | €622,768 | -€334,437 | -34.9% |
| Amounts payable after more than one year | 17 | €147,222 | €133,902 | -€13,321 | -9.0% |
| Financial debts | 170/4 | €147,222 | €133,902 | -€13,321 | -9.0% |
| Amounts payable within one year | 42/48 | €809,983 | €487,821 | -€322,162 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €13,059 | €13,321 | +€262 | +2.0% |
| Financial debts | 43 | €400,000 | - | -€400,000 | |
| Credit institutions | 430/8 | €400,000 | - | -€400,000 | |
| Trade debts | 44 | €34,879 | €34,743 | -€135 | -0.4% |
| Suppliers | 440/4 | €34,879 | €34,743 | -€135 | -0.4% |
| Taxes, remuneration and social security | 45 | - | €103,504 | +€103,504 | |
| Taxes | 450/3 | - | €103,504 | +€103,504 | |
| Other amounts payable | 47/48 | €362,046 | €336,253 | -€25,793 | -7.1% |
| Accrued charges and deferred income | 492/3 | - | €1,046 | +€1,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €895 | = | 0.0% |
| Other operating charges | 640/8 | €2,976 | €10,910 | +€7,934 | +267% |
| Gross operating margin | 9900 | €9,161 | €19,586 | +€10,425 | +114% |
| Operating profit (loss) | 9901 | €5,290 | €7,781 | +€2,491 | +47.1% |
| Financial income | 75/76B | - | €4,465 | +€4,465 | |
| Recurring financial income | 75 | - | €4,465 | +€4,465 | |
| Financial charges | 65/66B | €26,764 | €10,766 | -€15,998 | -59.8% |
| Recurring financial charges | 65 | €26,764 | €10,766 | -€15,998 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,474 | €1,479 | +€22,954 | |
| Profit (loss) for the period | 9904 | -€21,474 | €1,479 | +€22,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,474 | €1,479 | +€22,954 |
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 26 October 2026 via checked.be.