Assets

The company's long-term assets have shown a moderate increase, driven primarily by the acquisition of a subsidiary company, which has contributed to a significant rise in goodwill and other intangible assets. In contrast, the company's short-term assets have experienced a notable surge, largely due to the sale and leaseback of a warehouse, which has resulted in a substantial increase in cash and cash equivalents. Overall, the company's total assets have remained relatively stable, while investments have decreased, indicating a potential shift in the company's focus towards operational efficiency and reduced capital expenditures.

Inventory

The realised value for Q2 2026 is 11.8 million Euros, while the predicted value for Q2 2027 (e) is 11.6 million Euros. The expected change in one year is a decrease of 0.2 million Euros, which translates to a percentage decrease of approximately 1.7%. The change in Wulff Inventory from 2025 to 2026 is 2.1 million Euros, representing a 18.8% increase. From 2026 to 2027, the change is a decrease of 1.0 million Euros, or a 7.5% drop. The year-end Inventory values for 2025, 2026, and 2027 are 11.2, 13.3, and 12.3 million Euros, respectively.

Account Receivables

The realised value of Accounts receivable in Q2 2026 is 20.9 million Euros, while the predicted value for Q2 2027 (e) is 21.6 million Euros. The expected change in one year is an increase of 0.7 million Euros, which represents a 3.4% growth. The Accounts receivable is expected to increase by 1.5 million Euros from 2025 to 2026, which is a 8.8% change. From 2026 to 2027, the Accounts receivable is expected to increase by 0.1 million Euros, which is a 0.5% change. The year-end values for Accounts receivable are 17.0 million Euros in 2025, 18.5 million Euros in 2026, and 18.6 million Euros in 2027.

The realised value for Q2 2026 is 5.7 million Euros, while the predicted value for Q2 2027 (e) is 7.2 million Euros. The expected change in one year is 1.5 million Euros, which represents a 26.3% increase. The change in Wulff Cash from 2025 to 2026 is 5.5 million Euros, which is a 261.9% increase. From 2026 to 2027, the change is 4.6 million Euros, representing a 61.5% increase. The year-end values for Cash are 2.1 million Euros in 2025, 7.6 million Euros in 2026, and 11.2 million Euros in 2027.

Shareholders Equity

The Shareholders' Equity has demonstrated a notable increase, primarily driven by the significant net profit for the period, which has contributed to a substantial rise in retained earnings. This upward trend is also supported by the relatively stable equity attributable to the equity holders of the parent company, indicating a consistent level of investment in the business. However, the overall increase in Shareholders' Equity is somewhat tempered by the decrease in translation differences, which suggests a reduction in the company's foreign exchange gains or losses.

The value of Wulff Equity at the end of Q2 2026 is 26.6 million Euros. The predicted value of Wulff Equity at the end of Q2 2027 (e) is 30.6 million Euros. The expected change in one year is 4 million Euros, which is a 15% increase. The change in Wulff Equity from 2025 to 2026 is 5.2 million Euros, which represents a 22.4% increase. From 2026 to 2027, the change is 4.1 million Euros, a 14.5% increase. The year-end values for Equity are 23.2 million Euros in 2025, 28.4 million Euros in 2026, and 32.3 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's long-term debt has remained relatively stable, with a slight decrease in the current period, indicating a cautious approach to capital structure management. However, the high gearing ratio suggests that the company's reliance on debt financing may be a concern, potentially limiting its flexibility in responding to future market conditions. Meanwhile, the equity ratio has shown a slight improvement, indicating a moderate level of financial leverage, but further analysis is needed to assess the company's ability to maintain this balance in the long term.

Account Payables

The realised Accounts payables for Q2 2026 is 22.2 million Euros, while the predicted Accounts payables for Q2 2027 (e) is 18.1 million Euros. The expected change in one year is a decrease of 3.1 million Euros, which represents a 14% reduction from the realised value in Q2 2026. The Accounts payables for Wulff are expected to decrease by 1.7 million Euros from 2025 to 2026, which is a 8.8% reduction. From 2026 to 2027, the expected decrease is 1.2 million Euros, a 6.9% reduction. The year-end values for Accounts payables are 19.2 million Euros in 2025, 17.5 million Euros in 2026, and 16.3 million Euros in 2027.

Net Debt

The Net Debt in Q2 2026 is 15.6 million Euros. The predicted Net Debt in Q2 2027 (e) is 14.2 million Euros, indicating a decrease of 1.4 million Euros. This represents a decrease of 9% from the Q2 2026 value. The Net Debt is expected to increase by 0.5 million Euros from 2025 to 2026, which is a 3.7% change. From 2026 to 2027, the Net Debt is expected to decrease by 3.6 million Euros, representing a 26.4% change. The year-end values for Net Debt are 13.3 million Euros in 2025, 13.8 million Euros in 2026, and 10.2 million Euros in 2027.