PROJECTONTWIKKELING VAN WELLEN: 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.
PROJECTONTWIKKELING VAN WELLEN
Largest movements
- Stocks and contracts -€640,596
down €640,596 (-15.1%), from €4.2m to €3.6m
- Cash -€67,726
down €67,726 (-91.7%), from €73,841 to €6,114
mainly Current portion of long-term debt (-€1.2m) and Trade debts (-€25,554)
- Current portion of long-term debt -€1.2m
down €1.2m (-40.3%), from €2.9m to €1.7m
- Profit (loss) carried forward +€314,123
up €314,123, from -€197,946 to €116,176
- Tax, wage and social debts +€90,487
new in 2025: €90,487
- Short-term financial debts +€82,400
up €82,400 (+125%), from €65,702 to €148,102
- Gross operating margin +€563,762
up €563,762, from -€62,576 to €501,186
- Taxes +€90,070
new in 2025: €90,070
- Financial charges -€59,850
down €59,850 (-38.4%), from €155,701 to €95,851
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 | €4,331,973 | €3,615,095 | -€716,878 | -16.5% |
| Current assets | 29/58 | €4,331,973 | €3,615,095 | -€716,878 | -16.5% |
| Stocks and contracts in progress | 3 | €4,241,400 | €3,600,804 | -€640,596 | -15.1% |
| Stocks | 30/36 | €4,241,400 | €3,600,804 | -€640,596 | -15.1% |
| Amounts receivable within one year | 40/41 | €15,608 | €7,052 | -€8,556 | -54.8% |
| Trade receivables | 40 | €508 | €7,052 | +€6,544 | +1,288% |
| Other amounts receivable | 41 | €15,100 | - | -€15,100 | |
| Cash at bank and in hand | 54/58 | €73,841 | €6,114 | -€67,726 | -91.7% |
| Deferred charges and accrued income | 490/1 | €1,125 | €1,125 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,331,973 | €3,615,095 | -€716,878 | -16.5% |
| Equity | 10/15 | €1,308,053 | €1,622,176 | +€314,123 | +24.0% |
| Contributions | 10/11 | €1,358,137 | €1,358,137 | = | 0.0% |
| Capital | 10 | €1,338,625 | €1,338,625 | = | 0.0% |
| Issued capital | 100 | €1,338,625 | €1,338,625 | = | 0.0% |
| Contributions outside capital | 11 | €19,512 | €19,512 | = | 0.0% |
| Share premium | 1100/10 | €19,512 | €19,512 | = | 0.0% |
| Reserves | 13 | €147,863 | €147,863 | = | 0.0% |
| Non-distributable reserves | 130/1 | €147,863 | €147,863 | = | 0.0% |
| Legal reserve | 130 | €147,863 | €147,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,946 | €116,176 | +€314,123 | |
| Amounts payable | 17/49 | €3,023,920 | €1,992,919 | -€1.0m | -34.1% |
| Amounts payable within one year | 42/48 | €3,006,258 | €1,991,722 | -€1.0m | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €2,880,000 | €1,718,131 | -€1.2m | -40.3% |
| Financial debts | 43 | €65,702 | €148,102 | +€82,400 | +125% |
| Credit institutions | 430/8 | €65,702 | €148,102 | +€82,400 | +125% |
| Trade debts | 44 | €60,557 | €35,002 | -€25,554 | -42.2% |
| Suppliers | 440/4 | €60,557 | €35,002 | -€25,554 | -42.2% |
| Taxes, remuneration and social security | 45 | - | €90,487 | +€90,487 | |
| Taxes | 450/3 | - | €90,487 | +€90,487 | |
| Accrued charges and deferred income | 492/3 | €17,662 | €1,197 | -€16,465 | -93.2% |
| Other operating charges | 640/8 | €1,760 | €1,787 | +€27 | +1.5% |
| Gross operating margin | 9900 | -€62,576 | €501,186 | +€563,762 | |
| Operating profit (loss) | 9901 | -€64,336 | €499,399 | +€563,735 | |
| Financial income | 75/76B | €1,373 | €645 | -€728 | -53.0% |
| Recurring financial income | 75 | €1,373 | €645 | -€728 | -53.0% |
| Financial charges | 65/66B | €155,701 | €95,851 | -€59,850 | -38.4% |
| Recurring financial charges | 65 | €155,701 | €95,851 | -€59,850 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€218,664 | €404,193 | +€622,857 | |
| Income taxes | 67/77 | - | €90,070 | +€90,070 | |
| Profit (loss) for the period | 9904 | -€218,664 | €314,123 | +€532,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€218,664 | €314,123 | +€532,786 |
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 30 October 2026 via checked.be.