Dr. Wellens Jo: what changed
Dr. Wellens Jo
Largest movements
- Cash +€42,675
up €42,675 (+19.0%), from €224,551 to €267,225
mainly Net result for the year (+€59,900) and Deferred charges and accrued income (+€9,787)
- Deferred charges and accrued income -€9,787
down €9,787 (-20.3%), from €48,235 to €38,449
- Tangible fixed assets -€4,710
down €4,710 (-18.4%), from €25,616 to €20,906
of which Furniture and vehicles: -€2,939
- Reserves +€23,486
up €23,486 (+10.8%), from €217,699 to €241,185
- Gross operating margin +€6,362
up €6,362 (+7.6%), from €83,181 to €89,543
- Depreciation -€4,443
down €4,443 (-48.5%), from €9,153 to €4,710
- Taxes +€2,460
up €2,460 (+11.2%), from €21,935 to €24,395
- Financial income -€1,607
down €1,607 (-63.2%), from €2,544 to €936
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,121 | €328,629 | +€29,508 | +9.9% |
| Fixed assets | 21/28 | €25,616 | €20,906 | -€4,710 | -18.4% |
| Tangible fixed assets | 22/27 | €25,616 | €20,906 | -€4,710 | -18.4% |
| Plant, machinery and equipment | 23 | €922 | €218 | -€705 | -76.4% |
| Furniture and vehicles | 24 | €3,261 | €322 | -€2,939 | -90.1% |
| Other tangible fixed assets | 26 | €21,433 | €20,367 | -€1,066 | -5.0% |
| Current assets | 29/58 | €273,505 | €307,723 | +€34,218 | +12.5% |
| Amounts receivable within one year | 40/41 | €719 | €2,049 | +€1,330 | +185% |
| Trade receivables | 40 | €719 | €2,049 | +€1,330 | +185% |
| Cash at bank and in hand | 54/58 | €224,551 | €267,225 | +€42,675 | +19.0% |
| Deferred charges and accrued income | 490/1 | €48,235 | €38,449 | -€9,787 | -20.3% |
| Total equity and liabilities | 10/49 | €299,121 | €328,629 | +€29,508 | +9.9% |
| Equity | 10/15 | €263,146 | €286,632 | +€23,486 | +8.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €217,699 | €241,185 | +€23,486 | +10.8% |
| Distributable reserves | 133 | €217,699 | €241,185 | +€23,486 | +10.8% |
| Profit (loss) carried forward | 14 | €31,187 | €31,187 | = | 0.0% |
| Amounts payable | 17/49 | €35,975 | €41,997 | +€6,022 | +16.7% |
| Amounts payable within one year | 42/48 | €35,975 | €41,997 | +€6,022 | +16.7% |
| Trade debts | 44 | €4,600 | €4,618 | +€18 | +0.4% |
| Suppliers | 440/4 | €4,600 | €4,618 | +€18 | +0.4% |
| Taxes, remuneration and social security | 45 | €10,972 | €13,991 | +€3,019 | +27.5% |
| Taxes | 450/3 | €10,972 | €13,991 | +€3,019 | +27.5% |
| Other amounts payable | 47/48 | €20,403 | €23,387 | +€2,984 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,153 | €4,710 | -€4,443 | -48.5% |
| Other operating charges | 640/8 | €946 | €1,049 | +€103 | +10.9% |
| Gross operating margin | 9900 | €83,181 | €89,543 | +€6,362 | +7.6% |
| Operating profit (loss) | 9901 | €73,082 | €83,784 | +€10,702 | +14.6% |
| Financial income | 75/76B | €2,544 | €936 | -€1,607 | -63.2% |
| Recurring financial income | 75 | €2,544 | €936 | -€1,607 | -63.2% |
| Financial charges | 65/66B | €751 | €425 | -€326 | -43.4% |
| Recurring financial charges | 65 | €751 | €425 | -€326 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €74,875 | €84,295 | +€9,420 | +12.6% |
| Income taxes | 67/77 | €21,935 | €24,395 | +€2,460 | +11.2% |
| Profit (loss) for the period | 9904 | €52,940 | €59,900 | +€6,960 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,940 | €59,900 | +€6,960 | +13.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.