B-WELL: 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.
B-WELL
Largest movements
- Tangible fixed assets -€22,207
down €22,207 (-8.3%), from €268,690 to €246,483
of which Land and buildings: -€22,097
- Cash +€8,248
up €8,248 (+21,738%), from €38 to €8,286
mainly Other debts (+€53,860) and Depreciation (+€28,164)
- Receivables within one year +€3,346
up €3,346 (+6.8%), from €48,884 to €52,231
- Other debts +€53,860
new in 2025: €53,860
- Accrued charges and deferred income -€51,402
no longer reported in 2025 (was €51,402)
- Debts after one year -€29,204
down €29,204 (-17.4%), from €167,521 to €138,317
- Profit (loss) carried forward +€16,886
up €16,886 (+37.4%), from €45,183 to €62,069
- Tax, wage and social debts +€5,243
up €5,243 (+86.4%), from €6,071 to €11,315
of which Taxes: +€5,698
- Gross operating margin +€22,445
up €22,445 (+41.8%), from €53,761 to €76,206
- Other operating charges +€5,984
up €5,984 (+1,012%), from €591 to €6,575
- Taxes +€5,085
up €5,085 (+211%), from €2,409 to €7,494
- Financial income -€2,566
down €2,566 (-100.0%), from €2,566 to €0
- Financial charges -€1,352
down €1,352 (-12.4%), from €10,925 to €9,573
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 | €326,398 | €318,839 | -€7,559 | -2.3% |
| Fixed assets | 21/28 | €268,845 | €246,638 | -€22,207 | -8.3% |
| Tangible fixed assets | 22/27 | €268,690 | €246,483 | -€22,207 | -8.3% |
| Land and buildings | 22 | €247,541 | €225,444 | -€22,097 | -8.9% |
| Plant, machinery and equipment | 23 | €21,149 | €21,039 | -€110 | -0.5% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €57,553 | €72,201 | +€14,648 | +25.5% |
| Stocks and contracts in progress | 3 | €4,833 | €6,633 | +€1,800 | +37.3% |
| Stocks | 30/36 | €4,833 | €6,633 | +€1,800 | +37.3% |
| Amounts receivable within one year | 40/41 | €48,884 | €52,231 | +€3,346 | +6.8% |
| Trade receivables | 40 | €48,884 | €52,231 | +€3,346 | +6.8% |
| Cash at bank and in hand | 54/58 | €38 | €8,286 | +€8,248 | +21,738% |
| Deferred charges and accrued income | 490/1 | €3,798 | €5,052 | +€1,254 | +33.0% |
| Total equity and liabilities | 10/49 | €326,398 | €318,839 | -€7,559 | -2.3% |
| Equity | 10/15 | €65,809 | €82,695 | +€16,886 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,026 | €2,026 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €166 | €166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,183 | €62,069 | +€16,886 | +37.4% |
| Amounts payable | 17/49 | €260,588 | €236,144 | -€24,445 | -9.4% |
| Amounts payable after more than one year | 17 | €167,521 | €138,317 | -€29,204 | -17.4% |
| Financial debts | 170/4 | €167,521 | €138,317 | -€29,204 | -17.4% |
| Amounts payable within one year | 42/48 | €41,665 | €97,826 | +€56,161 | +135% |
| Current portion of amounts payable after more than one year | 42 | €31,282 | €31,092 | -€190 | -0.6% |
| Financial debts | 43 | €734 | - | -€734 | |
| Credit institutions | 430/8 | €734 | - | -€734 | |
| Trade debts | 44 | €3,578 | €1,560 | -€2,019 | -56.4% |
| Suppliers | 440/4 | €3,578 | €1,560 | -€2,019 | -56.4% |
| Taxes, remuneration and social security | 45 | €6,071 | €11,315 | +€5,243 | +86.4% |
| Taxes | 450/3 | €5,617 | €11,315 | +€5,698 | +101% |
| Remuneration and social security | 454/9 | €455 | - | -€455 | |
| Other amounts payable | 47/48 | - | €53,860 | +€53,860 | |
| Accrued charges and deferred income | 492/3 | €51,402 | - | -€51,402 | |
| Remuneration, social security and pensions | 62 | €7,559 | €7,515 | -€45 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,237 | €28,164 | -€1,074 | -3.7% |
| Other operating charges | 640/8 | €591 | €6,575 | +€5,984 | +1,012% |
| Non-recurring operating charges | 66A | €92 | - | -€92 | |
| Gross operating margin | 9900 | €53,761 | €76,206 | +€22,445 | +41.8% |
| Operating profit (loss) | 9901 | €16,281 | €33,953 | +€17,672 | +109% |
| Financial income | 75/76B | €2,566 | €0 | -€2,566 | -100.0% |
| Recurring financial income | 75 | €2,566 | €0 | -€2,566 | -100.0% |
| Financial charges | 65/66B | €10,925 | €9,573 | -€1,352 | -12.4% |
| Recurring financial charges | 65 | €10,925 | €9,573 | -€1,352 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €7,922 | €24,380 | +€16,458 | +208% |
| Income taxes | 67/77 | €2,409 | €7,494 | +€5,085 | +211% |
| Profit (loss) for the period | 9904 | €5,513 | €16,886 | +€11,372 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €5,513 | €16,886 | +€11,372 | +206% |
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 19 October 2026 via checked.be.