AB-WELTJENS: 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.
AB-WELTJENS
Largest movements
- Tangible fixed assets +€308,022
up €308,022 (+125%), from €246,939 to €554,960
of which Land and buildings: +€309,029
- Receivables within one year -€12,894
down €12,894 (-30.5%), from €42,214 to €29,320
of which Trade receivables: -€13,635
- Revaluation surpluses +€326,971
new in 2025: €326,971
- Profit (loss) carried forward -€41,128
down €41,128 (-13.7%), from -€299,282 to -€340,410
- Debts after one year -€25,025
down €25,025 (-5.0%), from €498,058 to €473,033
of which Financial debts: -€21,958
- Advances received +€17,457
new in 2025: €17,457
- Tax, wage and social debts -€16,174
down €16,174 (-92.8%), from €17,421 to €1,247
- Purchases and services +€116,656
new in 2025: €116,656
- Turnover +€100,789
new in 2025: €100,789
- Write-downs -€89,195
down €89,195 (-100%), from €89,195 to €0
- Gross operating margin -€53,275
down €53,275, from €52,470 to -€805
- Other operating charges -€6,029
down €6,029 (-73.0%), from €8,258 to €2,229
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,587 | €636,019 | +€294,432 | +86.2% |
| Fixed assets | 21/28 | €248,645 | €555,967 | +€307,322 | +124% |
| Intangible fixed assets | 21 | €1,706 | €1,006 | -€700 | -41.0% |
| Tangible fixed assets | 22/27 | €246,939 | €554,960 | +€308,022 | +125% |
| Land and buildings | 22 | €231,328 | €540,358 | +€309,029 | +134% |
| Plant, machinery and equipment | 23 | €15,610 | €14,603 | -€1,008 | -6.5% |
| Current assets | 29/58 | €92,942 | €80,052 | -€12,890 | -13.9% |
| Stocks and contracts in progress | 3 | €50,538 | €50,538 | = | 0.0% |
| Stocks | 30/36 | €50,538 | €50,538 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,214 | €29,320 | -€12,894 | -30.5% |
| Trade receivables | 40 | €42,185 | €28,550 | -€13,635 | -32.3% |
| Other amounts receivable | 41 | €29 | €770 | +€742 | +2,602% |
| Deferred charges and accrued income | 490/1 | €190 | €194 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €341,587 | €636,019 | +€294,432 | +86.2% |
| Equity | 10/15 | -€251,682 | €46,590 | +€298,272 | |
| Contributions | 10/11 | €47,600 | €60,000 | +€12,400 | +26.1% |
| Revaluation surpluses | 12 | - | €326,971 | +€326,971 | |
| Reserves | 13 | - | €29 | +€29 | |
| Distributable reserves | 133 | - | €29 | +€29 | |
| Profit (loss) carried forward | 14 | -€299,282 | -€340,410 | -€41,128 | -13.7% |
| Amounts payable | 17/49 | €593,269 | €589,429 | -€3,840 | -0.6% |
| Amounts payable after more than one year | 17 | €498,058 | €473,033 | -€25,025 | -5.0% |
| Financial debts | 170/4 | €230,120 | €208,163 | -€21,958 | -9.5% |
| Other amounts payable | 178/9 | €267,938 | €264,870 | -€3,068 | -1.1% |
| Amounts payable within one year | 42/48 | €93,129 | €114,316 | +€21,187 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €22,803 | €21,958 | -€845 | -3.7% |
| Financial debts | 43 | €33,676 | €40,291 | +€6,615 | +19.6% |
| Credit institutions | 430/8 | €33,676 | €40,291 | +€6,615 | +19.6% |
| Trade debts | 44 | €19,229 | €33,363 | +€14,134 | +73.5% |
| Suppliers | 440/4 | €19,229 | €33,363 | +€14,134 | +73.5% |
| Advances received on contracts in progress | 46 | - | €17,457 | +€17,457 | |
| Taxes, remuneration and social security | 45 | €17,421 | €1,247 | -€16,174 | -92.8% |
| Taxes | 450/3 | €17,421 | €1,247 | -€16,174 | -92.8% |
| Accrued charges and deferred income | 492/3 | €2,081 | €2,080 | -€1 | -0.1% |
| Turnover | 70 | - | €100,789 | +€100,789 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €116,656 | +€116,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,899 | €22,178 | +€1,279 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €89,195 | €0 | -€89,195 | -100% |
| Other operating charges | 640/8 | €8,258 | €2,229 | -€6,029 | -73.0% |
| Gross operating margin | 9900 | €52,470 | -€805 | -€53,275 | |
| Operating profit (loss) | 9901 | -€65,883 | -€25,212 | +€40,670 | +61.7% |
| Financial income | 75/76B | €62 | €23 | -€40 | -63.7% |
| Recurring financial income | 75 | €62 | €23 | -€40 | -63.7% |
| Financial charges | 65/66B | €17,926 | €15,798 | -€2,129 | -11.9% |
| Recurring financial charges | 65 | €17,926 | €15,798 | -€2,129 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€83,747 | -€40,987 | +€42,759 | +51.1% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€83,747 | -€41,128 | +€42,619 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,747 | -€41,128 | +€42,619 | +50.9% |
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 29 October 2026 via checked.be.