WOLVENDAEL: 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.
WOLVENDAEL
Largest movements
- Cash +€107,510
up €107,510 (+23.4%), from €458,636 to €566,146
mainly Depreciation (+€41,949) and Provisions (+€40,000)
- Tangible fixed assets -€39,950
down €39,950 (-4.6%), from €859,804 to €819,854
of which Land and buildings: -€26,438
- Receivables within one year -€39,294
down €39,294 (-18.6%), from €211,554 to €172,261
of which Trade receivables: -€36,283
- Provisions +€40,000
up €40,000 (+16.7%), from €240,000 to €280,000
- Debts after one year -€29,711
down €29,711 (-18.6%), from €159,845 to €130,134
- Gross operating margin -€123,675
down €123,675 (-7.7%), from €1.6m to €1.5m
- Turnover -€56,515
down €56,515 (-3.5%), from €1.6m to €1.5m
- Purchases and services +€44,605
up €44,605 (+21.3%), from €209,192 to €253,797
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 | €1,721,190 | €1,754,416 | +€33,225 | +1.9% |
| Fixed assets | 21/28 | €859,804 | €819,854 | -€39,950 | -4.6% |
| Tangible fixed assets | 22/27 | €859,804 | €819,854 | -€39,950 | -4.6% |
| Land and buildings | 22 | €819,563 | €793,125 | -€26,438 | -3.2% |
| Plant, machinery and equipment | 23 | €17,762 | €13,663 | -€4,099 | -23.1% |
| Furniture and vehicles | 24 | €13,510 | €8,039 | -€5,471 | -40.5% |
| Other tangible fixed assets | 26 | €8,970 | €5,027 | -€3,943 | -44.0% |
| Current assets | 29/58 | €861,386 | €934,561 | +€73,175 | +8.5% |
| Amounts receivable within one year | 40/41 | €211,554 | €172,261 | -€39,294 | -18.6% |
| Trade receivables | 40 | €197,626 | €161,343 | -€36,283 | -18.4% |
| Other amounts receivable | 41 | €13,929 | €10,918 | -€3,011 | -21.6% |
| Current investments | 50/53 | €175,000 | €179,795 | +€4,795 | +2.7% |
| Cash at bank and in hand | 54/58 | €458,636 | €566,146 | +€107,510 | +23.4% |
| Deferred charges and accrued income | 490/1 | €16,196 | €16,360 | +€163 | +1.0% |
| Total equity and liabilities | 10/49 | €1,721,190 | €1,754,416 | +€33,225 | +1.9% |
| Equity | 10/15 | €1,098,110 | €1,111,941 | +€13,831 | +1.3% |
| Contributions | 10/11 | €121,468 | €121,468 | = | 0.0% |
| Capital | 10 | €121,468 | €121,468 | = | 0.0% |
| Reserves | 13 | €597,703 | €610,703 | +€13,000 | +2.2% |
| Profit (loss) carried forward | 14 | €378,939 | €379,770 | +€831 | +0.2% |
| Provisions and deferred taxes | 16 | €240,000 | €280,000 | +€40,000 | +16.7% |
| Provisions for liabilities and charges | 160/5 | €240,000 | €280,000 | +€40,000 | +16.7% |
| Other liabilities and charges | 164/5 | €240,000 | €280,000 | +€40,000 | +16.7% |
| Amounts payable | 17/49 | €383,080 | €362,475 | -€20,606 | -5.4% |
| Amounts payable after more than one year | 17 | €159,845 | €130,134 | -€29,711 | -18.6% |
| Financial debts | 170/4 | €159,845 | €130,134 | -€29,711 | -18.6% |
| Amounts payable within one year | 42/48 | €223,235 | €232,340 | +€9,105 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €29,145 | €29,711 | +€566 | +1.9% |
| Trade debts | 44 | €31,219 | €32,050 | +€831 | +2.7% |
| Suppliers | 440/4 | €31,219 | €32,050 | +€831 | +2.7% |
| Taxes, remuneration and social security | 45 | €158,071 | €150,513 | -€7,558 | -4.8% |
| Taxes | 450/3 | €867 | €847 | -€20 | -2.3% |
| Remuneration and social security | 454/9 | €157,204 | €149,666 | -€7,538 | -4.8% |
| Turnover | 70 | €1,603,264 | €1,546,749 | -€56,515 | -3.5% |
| Non-recurring operating income | 76A | €18,400 | €126 | -€18,275 | -99.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €209,192 | €253,797 | +€44,605 | +21.3% |
| Remuneration, social security and pensions | 62 | €1,364,230 | €1,374,301 | +€10,070 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,101 | €41,949 | +€1,848 | +4.6% |
| Other operating charges | 640/8 | €11,666 | €3,595 | -€8,071 | -69.2% |
| Non-recurring operating charges | 66A | €14,653 | €2,572 | -€12,081 | -82.4% |
| Gross operating margin | 9900 | €1,602,472 | €1,478,797 | -€123,675 | -7.7% |
| Operating profit (loss) | 9901 | €81,821 | €16,380 | -€65,442 | -80.0% |
| Financial income | 75/76B | €1,976 | €1,772 | -€204 | -10.3% |
| Recurring financial income | 75 | €1,976 | €1,772 | -€204 | -10.3% |
| Financial charges | 65/66B | €4,969 | €4,321 | -€648 | -13.0% |
| Recurring financial charges | 65 | €4,969 | €4,321 | -€648 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €78,829 | €13,831 | -€64,998 | -82.5% |
| Profit (loss) for the period | 9904 | €78,829 | €13,831 | -€64,998 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,829 | €13,831 | -€64,998 | -82.5% |
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 11 October 2026 via checked.be.