Thomas Wellens Management: what changed
What changed
Thomas Wellens Management
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€140,045
2024 · €120,309+€19,736
Equity
€1.4m
2024 · €1.3m+€140,045
Cash
€100,597
2024 · €88,369+€12,229
Balance sheet total
€2.3m
2024 · €2.1m+€176,970
Largest movements
Assets
- Receivables within one year +€162,634
up €162,634 (+40.6%), from €400,605 to €563,239
of which Other amounts receivable: +€157,879
Equity and liabilities
- Reserves +€140,205
up €140,205 (+12.0%), from €1.2m to €1.3m
of which Distributable reserves: +€146,091
- Debts after one year +€43,230
up €43,230 (+6.2%), from €702,085 to €745,316
of which Financial debts: +€82,161
- Tax, wage and social debts +€28,142
up €28,142 (+81.4%), from €34,574 to €62,716
Income statement
- Gross operating margin +€35,825
up €35,825 (+17.1%), from €209,161 to €244,987
- Financial income -€18,128
down €18,128 (-72.8%), from €24,910 to €6,782
- Depreciation -€12,562
down €12,562 (-22.3%), from €56,217 to €43,655
- Taxes +€10,390
up €10,390 (+22.6%), from €45,904 to €56,294
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€120,309
Gross operating margin
+€35,825
Depreciation
+€12,562
Other operating charges
-€199
Financial income
-€18,128
Financial charges
+€131
Taxes
-€10,390
Deferred taxes and other
-€66
Result 2025
€140,045
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,010
Investment
-€36,035
Financing
+€44,254
Cash 2024
€88,369
From operations (derived)
+€4,010
Net result for the year
+€140,045
Depreciation
+€43,655
Receivables after one year
-€10,000
Receivables within one year
-€162,634
Smaller working-capital items
+€340
Provisions
-€1,962
Trade debts
-€21,155
Tax, wage and social debts
+€28,142
Other debts
-€12,421
Investment (derived)
-€36,035
Investment in fixed assets (net)
-€36,035
Financing
+€44,254
Debts after one year
+€43,230
Current portion of long-term debt
+€1,024
Cash 2025
€100,597
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,143,235 | €2,320,204 | +€176,970 | +8.3% |
| Fixed assets | 21/28 | €1,489,175 | €1,481,555 | -€7,620 | -0.5% |
| Tangible fixed assets | 22/27 | €1,050,499 | €1,042,879 | -€7,620 | -0.7% |
| Land and buildings | 22 | €905,031 | €1,042,879 | +€137,848 | +15.2% |
| Plant, machinery and equipment | 23 | €145,468 | - | -€145,468 | |
| Financial fixed assets | 28 | €438,676 | €438,676 | = | 0.0% |
| Current assets | 29/58 | €654,060 | €838,649 | +€184,589 | +28.2% |
| Amounts receivable after more than one year | 29 | €162,493 | €172,493 | +€10,000 | +6.2% |
| Trade receivables | 290 | €162,493 | - | -€162,493 | |
| Other amounts receivable | 291 | - | €172,493 | +€172,493 | |
| Amounts receivable within one year | 40/41 | €400,605 | €563,239 | +€162,634 | +40.6% |
| Trade receivables | 40 | €57,548 | €62,303 | +€4,755 | +8.3% |
| Other amounts receivable | 41 | €343,057 | €500,936 | +€157,879 | +46.0% |
| Cash at bank and in hand | 54/58 | €88,369 | €100,597 | +€12,229 | +13.8% |
| Deferred charges and accrued income | 490/1 | €2,593 | €2,319 | -€273 | -10.5% |
| Total equity and liabilities | 10/49 | €2,143,235 | €2,320,204 | +€176,970 | +8.3% |
| Equity | 10/15 | €1,260,810 | €1,400,854 | +€140,045 | +11.1% |
| Contributions | 10/11 | €93,800 | €93,800 | = | 0.0% |
| Reserves | 13 | €1,166,849 | €1,307,054 | +€140,205 | +12.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,849 | €125,963 | -€5,886 | -4.5% |
| Distributable reserves | 133 | €1,025,000 | €1,171,091 | +€146,091 | +14.3% |
| Profit (loss) carried forward | 14 | €160 | - | -€160 | |
| Provisions and deferred taxes | 16 | €44,316 | €42,354 | -€1,962 | -4.4% |
| Deferred taxes | 168 | €44,316 | €42,354 | -€1,962 | -4.4% |
| Amounts payable | 17/49 | €838,109 | €876,996 | +€38,887 | +4.6% |
| Amounts payable after more than one year | 17 | €702,085 | €745,316 | +€43,230 | +6.2% |
| Financial debts | 170/4 | €327,085 | €409,246 | +€82,161 | +25.1% |
| Other amounts payable | 178/9 | €375,000 | €336,069 | -€38,931 | -10.4% |
| Amounts payable within one year | 42/48 | €136,024 | €131,614 | -€4,410 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €66,815 | €67,839 | +€1,024 | +1.5% |
| Trade debts | 44 | €22,214 | €1,059 | -€21,155 | -95.2% |
| Suppliers | 440/4 | €22,214 | €1,059 | -€21,155 | -95.2% |
| Taxes, remuneration and social security | 45 | €34,574 | €62,716 | +€28,142 | +81.4% |
| Taxes | 450/3 | €34,574 | €62,716 | +€28,142 | +81.4% |
| Other amounts payable | 47/48 | €12,421 | - | -€12,421 | |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,217 | €43,655 | -€12,562 | -22.3% |
| Other operating charges | 640/8 | €5,944 | €6,144 | +€199 | +3.4% |
| Gross operating margin | 9900 | €209,161 | €244,987 | +€35,825 | +17.1% |
| Operating profit (loss) | 9901 | €147,000 | €195,188 | +€48,188 | +32.8% |
| Financial income | 75/76B | €24,910 | €6,782 | -€18,128 | -72.8% |
| Recurring financial income | 75 | €24,910 | €6,782 | -€18,128 | -72.8% |
| Financial charges | 65/66B | €7,725 | €7,594 | -€131 | -1.7% |
| Recurring financial charges | 65 | €7,725 | €7,594 | -€131 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €164,185 | €194,376 | +€30,192 | +18.4% |
| Transfer from deferred taxes | 780 | €2,028 | €1,962 | -€66 | -3.3% |
| Income taxes | 67/77 | €45,904 | €56,294 | +€10,390 | +22.6% |
| Profit (loss) for the period | 9904 | €120,309 | €140,045 | +€19,736 | +16.4% |
| Transfer from tax-exempt reserves | 789 | €6,219 | €5,886 | -€333 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €126,528 | €145,931 | +€19,403 | +15.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.