WEL: 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.
What changed
WEL
NACE 87.301, Residential care activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€385,641
2024 · -€108,079-€277,562
Equity
-€1.3m
2024 · -€938,545-€393,141
Cash
€49,473
2024 · €40,745+€8,728
Balance sheet total
€3.0m
2024 · €2.9m+€57,801
Largest movements
Assets
- Tangible fixed assets +€274,883
up €274,883 (+12.1%), from €2.3m to €2.6m
of which Plant, machinery and equipment: +€373,493
- Receivables within one year -€205,898
down €205,898 (-40.8%), from €505,192 to €299,295
of which Trade receivables: -€207,662
Equity and liabilities
- Debts after one year +€409,012
up €409,012 (+12.6%), from €3.3m to €3.7m
- Profit (loss) carried forward -€385,641
down €385,641 (-33.9%), from -€1.1m to -€1.5m
- Accrued charges and deferred income +€31,112
up €31,112 (+43271.7%), from €72 to €31,184
Income statement
- Other operating charges +€129,737
up €129,737 (+318.4%), from €40,752 to €170,489
- Staff costs +€90,890
up €90,890 (+4.5%), from €2.0m to €2.1m
- Gross operating margin -€72,064
down €72,064 (-3.1%), from €2.3m to €2.2m
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.
Result 2024
-€108,079
Gross operating margin
-€72,064
Staff costs
-€90,890
Depreciation
-€9,920
Write-downs
+€8,313
Other operating charges
-€129,737
Other operating items
+€19,657
Financial income
-€153
Financial charges
-€2,768
Result 2025
-€385,641
Cash bridge derived
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.
From operations
+€86,180
Investment
-€482,200
Financing
+€404,748
Cash 2024
€40,745
From operations (derived)
+€86,180
Net result for the year
-€385,641
Depreciation
+€207,317
Stocks and contracts
-€177
Receivables within one year
+€205,898
Deferred charges and accrued income
+€20,090
Trade debts
+€21,065
Tax, wage and social debts
-€13,483
Accrued charges and deferred income
+€31,112
Investment (derived)
-€482,200
Investment in fixed assets (net)
-€482,200
Financing
+€404,748
Debts after one year
+€409,012
Current portion of long-term debt
+€3,236
Contributions, distributions and other
-€7,500
Cash 2025
€49,473
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,932,541 | €2,990,342 | +€57,801 | +2.0% |
| Fixed assets | 21/28 | €2,275,620 | €2,550,503 | +€274,883 | +12.1% |
| Tangible fixed assets | 22/27 | €2,275,620 | €2,550,503 | +€274,883 | +12.1% |
| Land and buildings | 22 | €1,944,908 | €1,824,805 | -€120,103 | -6.2% |
| Plant, machinery and equipment | 23 | €309,081 | €682,575 | +€373,493 | +120.8% |
| Furniture and vehicles | 24 | €21,631 | €43,124 | +€21,493 | +99.4% |
| Current assets | 29/58 | €656,922 | €439,839 | -€217,082 | -33.0% |
| Stocks and contracts in progress | 3 | €5,963 | €6,140 | +€177 | +3.0% |
| Stocks | 30/36 | €5,963 | €6,140 | +€177 | +3.0% |
| Amounts receivable within one year | 40/41 | €505,192 | €299,295 | -€205,898 | -40.8% |
| Trade receivables | 40 | €505,192 | €297,530 | -€207,662 | -41.1% |
| Other amounts receivable | 41 | €0 | €1,765 | +€1,765 | |
| Cash at bank and in hand | 54/58 | €40,745 | €49,473 | +€8,728 | +21.4% |
| Deferred charges and accrued income | 490/1 | €105,023 | €84,933 | -€20,090 | -19.1% |
| Total equity and liabilities | 10/49 | €2,932,541 | €2,990,342 | +€57,801 | +2.0% |
| Equity | 10/15 | -€938,545 | -€1,331,686 | -€393,141 | -41.9% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,136,045 | -€1,521,686 | -€385,641 | -33.9% |
| Investment grants | 15 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Amounts payable | 17/49 | €3,871,086 | €4,322,028 | +€450,942 | +11.6% |
| Amounts payable after more than one year | 17 | €3,258,493 | €3,667,505 | +€409,012 | +12.6% |
| Financial debts | 170/4 | €3,258,493 | €3,667,505 | +€409,012 | +12.6% |
| Amounts payable within one year | 42/48 | €612,522 | €623,339 | +€10,817 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €149,070 | €152,306 | +€3,236 | +2.2% |
| Trade debts | 44 | €167,191 | €188,256 | +€21,065 | +12.6% |
| Suppliers | 440/4 | €167,191 | €188,256 | +€21,065 | +12.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €296,260 | €282,777 | -€13,483 | -4.6% |
| Taxes | 450/3 | €41,524 | €20,106 | -€21,417 | -51.6% |
| Remuneration and social security | 454/9 | €254,736 | €262,670 | +€7,934 | +3.1% |
| Accrued charges and deferred income | 492/3 | €72 | €31,184 | +€31,112 | +43271.7% |
| Remuneration, social security and pensions | 62 | €1,998,831 | €2,089,721 | +€90,890 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,397 | €207,317 | +€9,920 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,561 | €1,247 | -€8,313 | -87.0% |
| Other operating charges | 640/8 | €40,752 | €170,489 | +€129,737 | +318.4% |
| Non-recurring operating charges | 66A | €19,657 | €0 | -€19,657 | -100.0% |
| Gross operating margin | 9900 | €2,310,565 | €2,238,501 | -€72,064 | -3.1% |
| Operating profit (loss) | 9901 | €44,368 | -€230,273 | -€274,641 | |
| Financial income | 75/76B | €7,653 | €7,500 | -€153 | -2.0% |
| Recurring financial income | 75 | €7,653 | €7,500 | -€153 | -2.0% |
| Financial charges | 65/66B | €160,100 | €162,868 | +€2,768 | +1.7% |
| Recurring financial charges | 65 | €160,100 | €162,868 | +€2,768 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€108,079 | -€385,641 | -€277,562 | -256.8% |
| Profit (loss) for the period | 9904 | -€108,079 | -€385,641 | -€277,562 | -256.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,079 | -€385,641 | -€277,562 | -256.8% |
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 11 October 2026 via checked.be.