WOLSPIN: 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.
WOLSPIN
Largest movements
- Receivables within one year +€240,277
up €240,277 (+380%), from €63,279 to €303,557
of which Other amounts receivable: +€240,241
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Cash -€94,642
down €94,642 (-69.4%), from €136,359 to €41,717
mainly Receivables within one year (-€240,277) and Net result for the year (-€59,342)
- Tangible fixed assets -€11,472
down €11,472 (-39.4%), from €29,087 to €17,615
- Profit (loss) carried forward -€59,342
down €59,342 (-147%), from -€40,320 to -€99,662
- Gross operating margin -€10,279
down €10,279 (-25.6%), from -€40,141 to -€50,420
- Financial income -€8,270
down €8,270 (-70.0%), from €11,811 to €3,541
- Depreciation +€530
up €530 (+4.8%), from €10,942 to €11,472
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 | €482,058 | €418,820 | -€63,238 | -13.1% |
| Fixed assets | 21/28 | €29,087 | €17,615 | -€11,472 | -39.4% |
| Tangible fixed assets | 22/27 | €29,087 | €17,615 | -€11,472 | -39.4% |
| Furniture and vehicles | 24 | €29,087 | €17,615 | -€11,472 | -39.4% |
| Current assets | 29/58 | €452,971 | €401,206 | -€51,766 | -11.4% |
| Amounts receivable after more than one year | 29 | €53,333 | €53,333 | = | 0.0% |
| Trade receivables | 290 | €53,333 | €53,333 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,279 | €303,557 | +€240,277 | +380% |
| Trade receivables | 40 | €5,640 | €5,677 | +€36 | +0.6% |
| Other amounts receivable | 41 | €57,639 | €297,880 | +€240,241 | +417% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €136,359 | €41,717 | -€94,642 | -69.4% |
| Deferred charges and accrued income | 490/1 | - | €2,599 | +€2,599 | |
| Total equity and liabilities | 10/49 | €482,058 | €418,820 | -€63,238 | -13.1% |
| Equity | 10/15 | €466,723 | €407,381 | -€59,342 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €488,443 | €488,443 | = | 0.0% |
| Distributable reserves | 133 | €488,443 | €488,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,320 | -€99,662 | -€59,342 | -147% |
| Amounts payable | 17/49 | €15,335 | €11,439 | -€3,895 | -25.4% |
| Amounts payable within one year | 42/48 | €15,335 | €11,439 | -€3,895 | -25.4% |
| Trade debts | 44 | €1,081 | €1,826 | +€745 | +68.9% |
| Suppliers | 440/4 | €1,081 | €1,826 | +€745 | +68.9% |
| Taxes, remuneration and social security | 45 | €12,004 | €7,363 | -€4,640 | -38.7% |
| Taxes | 450/3 | €5,707 | €1,029 | -€4,678 | -82.0% |
| Remuneration and social security | 454/9 | €6,296 | €6,334 | +€38 | +0.6% |
| Other amounts payable | 47/48 | €2,250 | €2,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,942 | €11,472 | +€530 | +4.8% |
| Other operating charges | 640/8 | €860 | €776 | -€84 | -9.8% |
| Gross operating margin | 9900 | -€40,141 | -€50,420 | -€10,279 | -25.6% |
| Operating profit (loss) | 9901 | -€51,944 | -€62,669 | -€10,725 | -20.6% |
| Financial income | 75/76B | €11,811 | €3,541 | -€8,270 | -70.0% |
| Recurring financial income | 75 | €11,811 | €3,541 | -€8,270 | -70.0% |
| Financial charges | 65/66B | €40 | €54 | +€14 | +35.8% |
| Recurring financial charges | 65 | €40 | €54 | +€14 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | -€40,172 | -€59,181 | -€19,009 | -47.3% |
| Income taxes | 67/77 | €148 | €161 | +€13 | +9.0% |
| Profit (loss) for the period | 9904 | -€40,320 | -€59,342 | -€19,022 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,320 | -€59,342 | -€19,022 | -47.2% |
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 21 October 2026 via checked.be.