WOLVENHOEVE: 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.
WOLVENHOEVE
Largest movements
- Current investments +€900,000
up €900,000, from €0 to €900,000
- Cash -€845,207
down €845,207 (-96.2%), from €878,365 to €33,159
mainly Current investments (-€900,000) and Deferred charges and accrued income (-€4,659)
- Profit (loss) carried forward +€37,588
up €37,588 (+2.3%), from -€1.6m to -€1.6m
- Financial income -€17,942
down €17,942 (-72.0%), from €24,914 to €6,972
- Taxes -€14,405
down €14,405, from €6,930 to -€7,474
- Gross operating margin -€10,976
down €10,976 (-16.6%), from €66,235 to €55,259
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 | €2,880,518 | €2,918,106 | +€37,588 | +1.3% |
| Fixed assets | 21/28 | €2,002,153 | €1,978,197 | -€23,956 | -1.2% |
| Tangible fixed assets | 22/27 | €2,002,153 | €1,978,197 | -€23,956 | -1.2% |
| Land and buildings | 22 | €2,002,153 | €1,978,197 | -€23,956 | -1.2% |
| Current assets | 29/58 | €878,365 | €939,909 | +€61,544 | +7.0% |
| Amounts receivable within one year | 40/41 | - | €2,092 | +€2,092 | |
| Other amounts receivable | 41 | - | €2,092 | +€2,092 | |
| Current investments | 50/53 | €0 | €900,000 | +€900,000 | |
| Cash at bank and in hand | 54/58 | €878,365 | €33,159 | -€845,207 | -96.2% |
| Deferred charges and accrued income | 490/1 | - | €4,659 | +€4,659 | |
| Total equity and liabilities | 10/49 | €2,880,518 | €2,918,106 | +€37,588 | +1.3% |
| Equity | 10/15 | €2,880,518 | €2,918,106 | +€37,588 | +1.3% |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Capital | 10 | €4,500,000 | €4,500,000 | = | 0.0% |
| Issued capital | 100 | €4,500,000 | €4,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,619,482 | -€1,581,894 | +€37,588 | +2.3% |
| Amounts payable | 17/49 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,956 | €23,956 | = | 0.0% |
| Other operating charges | 640/8 | €7,862 | €8,108 | +€246 | +3.1% |
| Gross operating margin | 9900 | €66,235 | €55,259 | -€10,976 | -16.6% |
| Operating profit (loss) | 9901 | €34,417 | €23,196 | -€11,222 | -32.6% |
| Financial income | 75/76B | €24,914 | €6,972 | -€17,942 | -72.0% |
| Recurring financial income | 75 | €24,914 | €6,972 | -€17,942 | -72.0% |
| Financial charges | 65/66B | €53 | €54 | +€2 | +2.9% |
| Recurring financial charges | 65 | €53 | €54 | +€2 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €59,279 | €30,114 | -€29,166 | -49.2% |
| Income taxes | 67/77 | €6,930 | -€7,474 | -€14,405 | |
| Profit (loss) for the period | 9904 | €52,349 | €37,588 | -€14,761 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,349 | €37,588 | -€14,761 | -28.2% |
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 16 October 2026 via checked.be.