W.E.L.P.: 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.
W.E.L.P.
Largest movements
- Receivables within one year +€69,401
up €69,401 (+11588.1%), from €599 to €70,000
of which Trade receivables: +€70,000
- Receivables after one year -€36,445
down €36,445 (-52.1%), from €70,000 to €33,555
- Trade debts +€32,308
up €32,308 (+1021.4%), from €3,163 to €35,471
- Profit (loss) carried forward -€2,400
down €2,400 (-5.5%), from €43,776 to €41,376
- Accrued charges and deferred income +€2,370
new in 2024: €2,370
- Taxes -€12,191
down €12,191 (-94.7%), from €12,869 to €678
- Gross operating margin -€3,672
down €3,672 (-474.7%), from -€774 to -€4,446
- Financial charges -€693
no longer reported in 2024 (was €693)
- Financial income -€212
down €212 (-6.9%), from €3,061 to €2,849
- Other operating charges +€125
new in 2024: €125
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,599 | €103,555 | +€32,956 | +46.7% |
| Current assets | 29/58 | €70,599 | €103,555 | +€32,956 | +46.7% |
| Amounts receivable after more than one year | 29 | €70,000 | €33,555 | -€36,445 | -52.1% |
| Other amounts receivable | 291 | €70,000 | €33,555 | -€36,445 | -52.1% |
| Amounts receivable within one year | 40/41 | €599 | €70,000 | +€69,401 | +11588.1% |
| Trade receivables | 40 | - | €70,000 | +€70,000 | |
| Other amounts receivable | 41 | €599 | - | -€599 | |
| Total equity and liabilities | 10/49 | €70,599 | €103,555 | +€32,956 | +46.7% |
| Equity | 10/15 | €67,436 | €65,036 | -€2,400 | -3.6% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Outside capital | 11 | €6,800 | €6,800 | = | 0.0% |
| Other | 1109/19 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,776 | €41,376 | -€2,400 | -5.5% |
| Amounts payable | 17/49 | €3,163 | €38,519 | +€35,356 | +1117.7% |
| Amounts payable within one year | 42/48 | €3,163 | €36,149 | +€32,986 | +1042.8% |
| Trade debts | 44 | €3,163 | €35,471 | +€32,308 | +1021.4% |
| Suppliers | 440/4 | €3,163 | €35,471 | +€32,308 | +1021.4% |
| Taxes, remuneration and social security | 45 | - | €678 | +€678 | |
| Taxes | 450/3 | - | €678 | +€678 | |
| Accrued charges and deferred income | 492/3 | - | €2,370 | +€2,370 | |
| Other operating charges | 640/8 | - | €125 | +€125 | |
| Gross operating margin | 9900 | -€774 | -€4,446 | -€3,672 | -474.7% |
| Operating profit (loss) | 9901 | -€774 | -€4,571 | -€3,797 | -490.8% |
| Financial income | 75/76B | €3,061 | €2,849 | -€212 | -6.9% |
| Recurring financial income | 75 | €3,061 | €2,849 | -€212 | -6.9% |
| Financial charges | 65/66B | €693 | - | -€693 | |
| Recurring financial charges | 65 | €693 | - | -€693 | |
| Profit (loss) for the period before taxes | 9903 | €1,595 | -€1,722 | -€3,317 | |
| Income taxes | 67/77 | €12,869 | €678 | -€12,191 | -94.7% |
| Profit (loss) for the period | 9904 | -€11,274 | -€2,400 | +€8,874 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,274 | -€2,400 | +€8,874 | +78.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.