WULFFAERT BV: 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 BV
Largest movements
- Tangible fixed assets -€65,741
down €65,741 (-5.2%), from €1.3m to €1.2m
of which Other tangible fixed assets: -€55,080
- Cash +€46,667
up €46,667 (+254%), from €18,388 to €65,056
mainly Depreciation (+€70,346) and Net result for the year (+€51,269)
- Receivables within one year +€29,325
up €29,325 (+50.4%), from €58,172 to €87,497
of which Trade receivables: +€29,081
- Reserves +€51,269
up €51,269 (+16.3%), from €313,866 to €365,135
- Debts after one year -€45,306
down €45,306 (-17.1%), from €264,397 to €219,091
- Gross operating margin +€19,254
up €19,254 (+16.0%), from €120,438 to €139,692
- Other operating charges +€1,797
up €1,797 (+71.3%), from €2,519 to €4,317
- Taxes +€1,623
up €1,623 (+42.2%), from €3,848 to €5,471
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 | €1,373,962 | €1,385,626 | +€11,664 | +0.8% |
| Fixed assets | 21/28 | €1,252,727 | €1,186,986 | -€65,741 | -5.2% |
| Tangible fixed assets | 22/27 | €1,252,727 | €1,186,986 | -€65,741 | -5.2% |
| Land and buildings | 22 | €437,288 | €437,288 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,429 | €7,106 | -€2,323 | -24.6% |
| Furniture and vehicles | 24 | €28,093 | €19,755 | -€8,338 | -29.7% |
| Other tangible fixed assets | 26 | €777,918 | €722,838 | -€55,080 | -7.1% |
| Current assets | 29/58 | €121,234 | €198,640 | +€77,406 | +63.8% |
| Stocks and contracts in progress | 3 | €41,266 | €39,156 | -€2,110 | -5.1% |
| Stocks | 30/36 | €41,266 | €39,156 | -€2,110 | -5.1% |
| Amounts receivable within one year | 40/41 | €58,172 | €87,497 | +€29,325 | +50.4% |
| Trade receivables | 40 | €58,023 | €87,104 | +€29,081 | +50.1% |
| Other amounts receivable | 41 | €150 | €394 | +€244 | +163% |
| Cash at bank and in hand | 54/58 | €18,388 | €65,056 | +€46,667 | +254% |
| Deferred charges and accrued income | 490/1 | €3,408 | €6,931 | +€3,523 | +103% |
| Total equity and liabilities | 10/49 | €1,373,962 | €1,385,626 | +€11,664 | +0.8% |
| Equity | 10/15 | €332,466 | €383,735 | +€51,269 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,866 | €365,135 | +€51,269 | +16.3% |
| Distributable reserves | 133 | €313,866 | €365,135 | +€51,269 | +16.3% |
| Amounts payable | 17/49 | €1,041,496 | €1,001,891 | -€39,605 | -3.8% |
| Amounts payable after more than one year | 17 | €264,397 | €219,091 | -€45,306 | -17.1% |
| Financial debts | 170/4 | €264,397 | €219,091 | -€45,306 | -17.1% |
| Amounts payable within one year | 42/48 | €776,465 | €781,663 | +€5,198 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €45,392 | €45,381 | -€11 | 0.0% |
| Trade debts | 44 | €16,911 | €12,857 | -€4,054 | -24.0% |
| Suppliers | 440/4 | €16,911 | €12,857 | -€4,054 | -24.0% |
| Taxes, remuneration and social security | 45 | €13,299 | €24,038 | +€10,739 | +80.8% |
| Taxes | 450/3 | €11,649 | €22,388 | +€10,739 | +92.2% |
| Remuneration and social security | 454/9 | €1,650 | €1,650 | = | 0.0% |
| Other amounts payable | 47/48 | €700,862 | €699,387 | -€1,475 | -0.2% |
| Accrued charges and deferred income | 492/3 | €634 | €1,137 | +€503 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,326 | €70,346 | +€20 | 0.0% |
| Other operating charges | 640/8 | €2,519 | €4,317 | +€1,797 | +71.3% |
| Gross operating margin | 9900 | €120,438 | €139,692 | +€19,254 | +16.0% |
| Operating profit (loss) | 9901 | €47,593 | €65,029 | +€17,437 | +36.6% |
| Financial income | 75/76B | €550 | €46 | -€504 | -91.6% |
| Recurring financial income | 75 | €550 | €46 | -€504 | -91.6% |
| Financial charges | 65/66B | €9,485 | €8,335 | -€1,150 | -12.1% |
| Recurring financial charges | 65 | €9,485 | €8,335 | -€1,150 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €38,658 | €56,740 | +€18,082 | +46.8% |
| Income taxes | 67/77 | €3,848 | €5,471 | +€1,623 | +42.2% |
| Profit (loss) for the period | 9904 | €34,810 | €51,269 | +€16,459 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,810 | €51,269 | +€16,459 | +47.3% |
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 17 October 2026 via checked.be.