Wolvenbos Immo: 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.
Wolvenbos Immo
Largest movements
- Tangible fixed assets +€584,938
up €584,938 (+11.7%), from €5.0m to €5.6m
of which Other tangible fixed assets: +€614,716
- Other debts +€1.3m
up €1.3m (+79.5%), from €1.7m to €3.0m
- Debts after one year -€566,268
down €566,268 (-16.7%), from €3.4m to €2.8m
- Profit (loss) carried forward -€273,302
down €273,302 (-24.9%), from -€1.1m to -€1.4m
- Short-term financial debts +€100,000
new in 2025: €100,000
- Gross operating margin +€57,320
up €57,320 (+36.0%), from €159,034 to €216,354
- Depreciation +€28,445
up €28,445 (+14.0%), from €203,161 to €231,606
- Staff costs +€20,818
up €20,818 (+22.4%), from €93,063 to €113,880
- Financial charges -€7,456
down €7,456 (-5.3%), from €139,683 to €132,227
- Other operating charges -€3,706
down €3,706 (-23.7%), from €15,649 to €11,943
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 | €5,132,420 | €5,750,581 | +€618,161 | +12.0% |
| Fixed assets | 21/28 | €5,016,270 | €5,601,208 | +€584,938 | +11.7% |
| Tangible fixed assets | 22/27 | €5,016,270 | €5,601,208 | +€584,938 | +11.7% |
| Land and buildings | 22 | €3,513,376 | €3,435,655 | -€77,720 | -2.2% |
| Plant, machinery and equipment | 23 | €87,526 | €74,061 | -€13,465 | -15.4% |
| Furniture and vehicles | 24 | €20,035 | €81,444 | +€61,409 | +307% |
| Other tangible fixed assets | 26 | €1,395,333 | €2,010,048 | +€614,716 | +44.1% |
| Current assets | 29/58 | €116,151 | €149,373 | +€33,223 | +28.6% |
| Stocks and contracts in progress | 3 | €3,359 | €3,434 | +€75 | +2.2% |
| Stocks | 30/36 | €3,359 | €3,434 | +€75 | +2.2% |
| Amounts receivable within one year | 40/41 | €82,297 | €118,157 | +€35,859 | +43.6% |
| Trade receivables | 40 | €45,495 | €55,569 | +€10,074 | +22.1% |
| Other amounts receivable | 41 | €36,803 | €62,588 | +€25,785 | +70.1% |
| Cash at bank and in hand | 54/58 | €19,880 | €14,459 | -€5,421 | -27.3% |
| Deferred charges and accrued income | 490/1 | €10,614 | €13,324 | +€2,710 | +25.5% |
| Total equity and liabilities | 10/49 | €5,132,420 | €5,750,581 | +€618,161 | +12.0% |
| Equity | 10/15 | -€2,293 | -€275,594 | -€273,302 | -11,920% |
| Contributions | 10/11 | €1,095,000 | €1,095,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,097,293 | -€1,370,594 | -€273,302 | -24.9% |
| Amounts payable | 17/49 | €5,134,713 | €6,026,176 | +€891,463 | +17.4% |
| Amounts payable after more than one year | 17 | €3,400,000 | €2,833,732 | -€566,268 | -16.7% |
| Financial debts | 170/4 | €3,400,000 | €2,833,732 | -€566,268 | -16.7% |
| Amounts payable within one year | 42/48 | €1,734,713 | €3,192,444 | +€1.5m | +84.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,826 | +€8,826 | |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €41,549 | €50,145 | +€8,596 | +20.7% |
| Suppliers | 440/4 | €41,549 | €50,145 | +€8,596 | +20.7% |
| Taxes, remuneration and social security | 45 | €14,488 | €20,784 | +€6,296 | +43.5% |
| Taxes | 450/3 | €1,584 | €2,197 | +€613 | +38.7% |
| Remuneration and social security | 454/9 | €12,904 | €18,587 | +€5,683 | +44.0% |
| Other amounts payable | 47/48 | €1,678,676 | €3,012,689 | +€1.3m | +79.5% |
| Remuneration, social security and pensions | 62 | €93,063 | €113,880 | +€20,818 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,161 | €231,606 | +€28,445 | +14.0% |
| Other operating charges | 640/8 | €15,649 | €11,943 | -€3,706 | -23.7% |
| Gross operating margin | 9900 | €159,034 | €216,354 | +€57,320 | +36.0% |
| Operating profit (loss) | 9901 | -€152,838 | -€141,075 | +€11,763 | +7.7% |
| Financial income | 75/76B | €101 | - | -€101 | |
| Recurring financial income | 75 | €101 | - | -€101 | |
| Financial charges | 65/66B | €139,683 | €132,227 | -€7,456 | -5.3% |
| Recurring financial charges | 65 | €139,683 | €132,227 | -€7,456 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€292,420 | -€273,302 | +€19,118 | +6.5% |
| Profit (loss) for the period | 9904 | -€292,420 | -€273,302 | +€19,118 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€292,420 | -€273,302 | +€19,118 | +6.5% |
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 30 October 2026 via checked.be.