WULFFAERT: 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.
WULFFAERT
Largest movements
- Stocks and contracts -€474,336
down €474,336 (-60.7%), from €781,144 to €306,807
- Receivables within one year -€90,391
down €90,391 (-13.9%), from €651,705 to €561,314
of which Other amounts receivable: -€295,756
- Cash +€54,421
up €54,421 (+243.7%), from €22,328 to €76,749
mainly Stocks and contracts (+€474,336) and Receivables within one year (+€90,391)
- Tangible fixed assets -€36,929
down €36,929 (-28.6%), from €129,097 to €92,167
of which Furniture and vehicles: -€30,545
- Profit (loss) carried forward -€695,343
down €695,343 (-100.0%), from €695,343 to €0
- Reserves +€310,869
up €310,869 (+116.8%), from €266,053 to €576,922
- Trade debts -€125,687
down €125,687 (-18.3%), from €687,343 to €561,656
- Gross operating margin -€583,557
down €583,557 (-99.0%), from €589,238 to €5,680
- Taxes -€85,497
down €85,497 (-99.8%), from €85,632 to €135
- Financial charges +€52,433
up €52,433 (+312.5%), from €16,778 to €69,211
- Staff costs +€32,289
up €32,289 (+12.1%), from €266,342 to €298,631
- Financial income +€30,897
up €30,897 (+196.7%), from €15,710 to €46,607
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,424,775 | €1,883,943 | -€540,832 | -22.3% |
| Fixed assets | 21/28 | €129,526 | €92,597 | -€36,929 | -28.5% |
| Tangible fixed assets | 22/27 | €129,097 | €92,167 | -€36,929 | -28.6% |
| Plant, machinery and equipment | 23 | €55,404 | €49,019 | -€6,384 | -11.5% |
| Furniture and vehicles | 24 | €73,693 | €43,148 | -€30,545 | -41.4% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €2,295,249 | €1,791,346 | -€503,903 | -22.0% |
| Amounts receivable after more than one year | 29 | €798,000 | €798,000 | = | 0.0% |
| Other amounts receivable | 291 | €798,000 | €798,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €781,144 | €306,807 | -€474,336 | -60.7% |
| Stocks | 30/36 | €781,144 | €306,807 | -€474,336 | -60.7% |
| Amounts receivable within one year | 40/41 | €651,705 | €561,314 | -€90,391 | -13.9% |
| Trade receivables | 40 | €114,083 | €319,448 | +€205,365 | +180.0% |
| Other amounts receivable | 41 | €537,622 | €241,866 | -€295,756 | -55.0% |
| Cash at bank and in hand | 54/58 | €22,328 | €76,749 | +€54,421 | +243.7% |
| Deferred charges and accrued income | 490/1 | €42,073 | €48,476 | +€6,403 | +15.2% |
| Total equity and liabilities | 10/49 | €2,424,775 | €1,883,943 | -€540,832 | -22.3% |
| Equity | 10/15 | €1,061,396 | €676,922 | -€384,474 | -36.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €266,053 | €576,922 | +€310,869 | +116.8% |
| Distributable reserves | 133 | €266,053 | €576,922 | +€310,869 | +116.8% |
| Profit (loss) carried forward | 14 | €695,343 | €0 | -€695,343 | -100.0% |
| Amounts payable | 17/49 | €1,363,379 | €1,207,021 | -€156,358 | -11.5% |
| Amounts payable after more than one year | 17 | €38,028 | €33,010 | -€5,018 | -13.2% |
| Financial debts | 170/4 | €38,028 | €33,010 | -€5,018 | -13.2% |
| Amounts payable within one year | 42/48 | €1,325,351 | €1,173,525 | -€151,826 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €4,929 | €5,018 | +€89 | +1.8% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €687,343 | €561,656 | -€125,687 | -18.3% |
| Suppliers | 440/4 | €687,343 | €561,656 | -€125,687 | -18.3% |
| Advances received on contracts in progress | 46 | €5,250 | €2,000 | -€3,250 | -61.9% |
| Taxes, remuneration and social security | 45 | €127,829 | €104,851 | -€22,978 | -18.0% |
| Taxes | 450/3 | €103,033 | €94,361 | -€8,672 | -8.4% |
| Remuneration and social security | 454/9 | €24,795 | €10,490 | -€14,305 | -57.7% |
| Accrued charges and deferred income | 492/3 | - | €486 | +€486 | |
| Non-recurring operating income | 76A | €0 | €7,562 | +€7,562 | |
| Remuneration, social security and pensions | 62 | €266,342 | €298,631 | +€32,289 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,877 | €48,116 | -€8,761 | -15.4% |
| Other operating charges | 640/8 | €8,539 | €20,667 | +€12,129 | +142.0% |
| Non-recurring operating charges | 66A | €600 | €0 | -€600 | -100.0% |
| Gross operating margin | 9900 | €589,238 | €5,680 | -€583,557 | -99.0% |
| Operating profit (loss) | 9901 | €256,880 | -€361,734 | -€618,614 | |
| Financial income | 75/76B | €15,710 | €46,607 | +€30,897 | +196.7% |
| Recurring financial income | 75 | €15,710 | €46,607 | +€30,897 | +196.7% |
| Financial charges | 65/66B | €16,778 | €69,211 | +€52,433 | +312.5% |
| Recurring financial charges | 65 | €16,778 | €69,211 | +€52,433 | +312.5% |
| Profit (loss) for the period before taxes | 9903 | €255,812 | -€384,339 | -€640,150 | |
| Income taxes | 67/77 | €85,632 | €135 | -€85,497 | -99.8% |
| Profit (loss) for the period | 9904 | €170,180 | -€384,474 | -€554,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,180 | -€384,474 | -€554,654 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.