C-WEL: what changed
Two fiscal 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.
C-WEL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€63,912
down €63,912 (-23.1%), from €276,561 to €212,649
- Profit (loss) carried forward +€44,714
up €44,714, from -€40,164 to €4,550
- Short-term financial debts +€20,000
new in 2025: €20,000
- Financial income +€65,000
new in 2025: €65,000
- Financial charges +€3,377
up €3,377 (+24.3%), from €13,884 to €17,261
- Gross operating margin -€964
down €964 (-76.3%), from -€1,264 to -€2,228
- Purchases and services +€964
up €964 (+76.3%), from €1,264 to €2,228
- Other operating charges +€400
up €400 (+100.7%), from €397 to €797
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.
Cash bridge derived
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 | €503,068 | €506,522 | +€3,454 | +0.7% |
| Fixed assets | 21/28 | €502,500 | €502,500 | = | 0.0% |
| Financial fixed assets | 28 | €502,500 | €502,500 | = | 0.0% |
| Current assets | 29/58 | €568 | €4,022 | +€3,454 | +608.0% |
| Amounts receivable within one year | 40/41 | €441 | €3,528 | +€3,087 | +700.1% |
| Other amounts receivable | 41 | €441 | €3,528 | +€3,087 | +700.1% |
| Cash at bank and in hand | 54/58 | €127 | €493 | +€366 | +288.2% |
| Total equity and liabilities | 10/49 | €503,068 | €506,522 | +€3,454 | +0.7% |
| Equity | 10/15 | -€30,164 | €14,550 | +€44,714 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,164 | €4,550 | +€44,714 | |
| Amounts payable | 17/49 | €533,232 | €491,971 | -€41,261 | -7.7% |
| Amounts payable after more than one year | 17 | €276,561 | €212,649 | -€63,912 | -23.1% |
| Financial debts | 170/4 | €276,561 | €212,649 | -€63,912 | -23.1% |
| Amounts payable within one year | 42/48 | €256,671 | €279,323 | +€22,651 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €61,588 | €63,912 | +€2,324 | +3.8% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €1,786 | €1,786 | = | 0.0% |
| Suppliers | 440/4 | €1,786 | €1,786 | = | 0.0% |
| Other amounts payable | 47/48 | €193,298 | €193,624 | +€327 | +0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,264 | €2,228 | +€964 | +76.3% |
| Other operating charges | 640/8 | €397 | €797 | +€400 | +100.7% |
| Gross operating margin | 9900 | -€1,264 | -€2,228 | -€964 | -76.3% |
| Operating profit (loss) | 9901 | -€1,661 | -€3,025 | -€1,364 | -82.1% |
| Financial income | 75/76B | - | €65,000 | +€65,000 | |
| Recurring financial income | 75 | - | €65,000 | +€65,000 | |
| Financial charges | 65/66B | €13,884 | €17,261 | +€3,377 | +24.3% |
| Recurring financial charges | 65 | €13,884 | €17,261 | +€3,377 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,545 | €44,714 | +€60,259 | |
| Profit (loss) for the period | 9904 | -€15,545 | €44,714 | +€60,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,545 | €44,714 | +€60,259 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.