HERMAN WELLENS: 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.
HERMAN WELLENS
Largest movements
- Receivables after one year -€25,000
down €25,000 (-8.3%), from €300,000 to €275,000
- Receivables within one year -€21,493
down €21,493 (-20.8%), from €103,383 to €81,890
of which Trade receivables: -€27,000
- Tangible fixed assets -€17,763
down €17,763 (-55.1%), from €32,248 to €14,484
- Cash +€14,645
up €14,645 (+169%), from €8,690 to €23,335
mainly Other debts (+€45,280) and Receivables after one year (+€25,000)
- Profit (loss) carried forward -€94,347
down €94,347 (-25.1%), from -€375,801 to -€470,147
- Other debts +€45,280
up €45,280 (+48.5%), from €93,346 to €138,626
- Taxes +€34,759
up €34,759 (+2,790%), from €1,246 to €36,005
- Gross operating margin -€27,808
down €27,808 (-229%), from -€12,159 to -€39,967
- Financial income +€17,500
new in 2025: €17,500
- Other operating charges +€7,678
up €7,678 (+362%), from €2,122 to €9,800
- Financial charges +€6,092
up €6,092 (+851%), from €716 to €6,808
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 | €1,207,296 | €1,158,673 | -€48,623 | -4.0% |
| Fixed assets | 21/28 | €792,248 | €774,484 | -€17,763 | -2.2% |
| Tangible fixed assets | 22/27 | €32,248 | €14,484 | -€17,763 | -55.1% |
| Furniture and vehicles | 24 | €32,248 | €14,484 | -€17,763 | -55.1% |
| Financial fixed assets | 28 | €760,000 | €760,000 | = | 0.0% |
| Current assets | 29/58 | €415,048 | €384,188 | -€30,860 | -7.4% |
| Amounts receivable after more than one year | 29 | €300,000 | €275,000 | -€25,000 | -8.3% |
| Other amounts receivable | 291 | €300,000 | €275,000 | -€25,000 | -8.3% |
| Amounts receivable within one year | 40/41 | €103,383 | €81,890 | -€21,493 | -20.8% |
| Trade receivables | 40 | €87,000 | €60,000 | -€27,000 | -31.0% |
| Other amounts receivable | 41 | €16,383 | €21,890 | +€5,507 | +33.6% |
| Cash at bank and in hand | 54/58 | €8,690 | €23,335 | +€14,645 | +169% |
| Deferred charges and accrued income | 490/1 | €2,975 | €3,963 | +€989 | +33.2% |
| Total equity and liabilities | 10/49 | €1,207,296 | €1,158,673 | -€48,623 | -4.0% |
| Equity | 10/15 | €1,096,925 | €1,002,578 | -€94,347 | -8.6% |
| Contributions | 10/11 | €400,030 | €400,030 | = | 0.0% |
| Reserves | 13 | €1,072,695 | €1,072,695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,003 | €40,003 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,003 | €40,003 | = | 0.0% |
| Distributable reserves | 133 | €1,032,692 | €1,032,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€375,801 | -€470,147 | -€94,347 | -25.1% |
| Amounts payable | 17/49 | €110,371 | €156,095 | +€45,723 | +41.4% |
| Amounts payable within one year | 42/48 | €102,042 | €154,095 | +€52,053 | +51.0% |
| Trade debts | 44 | €6,118 | €12,659 | +€6,541 | +107% |
| Suppliers | 440/4 | €6,118 | €12,659 | +€6,541 | +107% |
| Taxes, remuneration and social security | 45 | €2,578 | €2,811 | +€232 | +9.0% |
| Taxes | 450/3 | €2,578 | €2,811 | +€232 | +9.0% |
| Other amounts payable | 47/48 | €93,346 | €138,626 | +€45,280 | +48.5% |
| Accrued charges and deferred income | 492/3 | €8,330 | €2,000 | -€6,330 | -76.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,042 | €19,267 | +€226 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,122 | €9,800 | +€7,678 | +362% |
| Gross operating margin | 9900 | -€12,159 | -€39,967 | -€27,808 | -229% |
| Operating profit (loss) | 9901 | -€33,322 | -€69,034 | -€35,712 | -107% |
| Financial income | 75/76B | - | €17,500 | +€17,500 | |
| Recurring financial income | 75 | - | €17,500 | +€17,500 | |
| Financial charges | 65/66B | €716 | €6,808 | +€6,092 | +851% |
| Recurring financial charges | 65 | €716 | €6,808 | +€6,092 | +851% |
| Profit (loss) for the period before taxes | 9903 | -€34,037 | -€58,342 | -€24,305 | -71.4% |
| Income taxes | 67/77 | €1,246 | €36,005 | +€34,759 | +2,790% |
| Profit (loss) for the period | 9904 | -€35,283 | -€94,347 | -€59,063 | -167% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,283 | -€94,347 | -€59,063 | -167% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.