WOLVENNEST: 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.
WOLVENNEST
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+5558.2%), from €25,188 to €1.4m
- Receivables within one year -€27,879
down €27,879 (-66.9%), from €41,681 to €13,803
- Revaluation surpluses +€1.4m
new in 2025: €1.4m
- Profit (loss) carried forward -€21,031
new in 2025: -€21,031
- Other operating charges +€10,153
up €10,153 (+483.9%), from €2,098 to €12,251
- Gross operating margin +€3,455
up €3,455 (+28.6%), from -€12,079 to -€8,624
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 | €68,567 | €1,447,536 | +€1.4m | +2011.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €25,188 | €1,425,188 | +€1.4m | +5558.2% |
| Tangible fixed assets | 22/27 | €25,188 | €1,425,188 | +€1.4m | +5558.2% |
| Land and buildings | 22 | €25,188 | €1,425,188 | +€1.4m | +5558.2% |
| Current assets | 29/58 | €43,379 | €22,348 | -€21,031 | -48.5% |
| Amounts receivable within one year | 40/41 | €41,681 | €13,803 | -€27,879 | -66.9% |
| Other amounts receivable | 41 | €41,681 | €13,803 | -€27,879 | -66.9% |
| Cash at bank and in hand | 54/58 | €1,500 | €8,545 | +€7,045 | +469.7% |
| Deferred charges and accrued income | 490/1 | €197 | - | -€197 | |
| Total equity and liabilities | 10/49 | €68,567 | €1,447,536 | +€1.4m | +2011.1% |
| Equity | 10/15 | €68,567 | €1,447,536 | +€1.4m | +2011.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,400,000 | +€1.4m | |
| Reserves | 13 | €6,567 | €6,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €241 | €241 | = | 0.0% |
| Distributable reserves | 133 | €126 | €126 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€21,031 | -€21,031 | |
| Amounts payable | 17/49 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €2,098 | €12,251 | +€10,153 | +483.9% |
| Gross operating margin | 9900 | -€12,079 | -€8,624 | +€3,455 | +28.6% |
| Operating profit (loss) | 9901 | -€14,177 | -€20,876 | -€6,698 | -47.2% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €138 | €155 | +€17 | +12.2% |
| Recurring financial charges | 65 | €138 | €155 | +€17 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,309 | -€21,031 | -€6,722 | -47.0% |
| Profit (loss) for the period | 9904 | -€14,309 | -€21,031 | -€6,722 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,309 | -€21,031 | -€6,722 | -47.0% |
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 12 October 2026 via checked.be.