WEL-ZIJN: 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.
WEL-ZIJN
Largest movements
- Cash +€32,166
up €32,166 (+225%), from €14,318 to €46,484
mainly Receivables within one year (+€15,338) and Depreciation (+€11,975)
- Receivables within one year -€15,338
down €15,338 (-53.5%), from €28,693 to €13,354
of which Trade receivables: -€15,301
- Tangible fixed assets -€11,975
down €11,975 (-13.5%), from €89,012 to €77,037
of which Land and buildings: -€7,646
- Deferred charges and accrued income +€1,502
up €1,502 (+34.5%), from €4,353 to €5,855
- Reserves +€11,889
up €11,889 (+13.8%), from €86,006 to €97,896
- Debts after one year -€4,800
down €4,800 (-15.3%), from €31,428 to €26,628
- Tax, wage and social debts -€2,553
down €2,553 (-35.3%), from €7,240 to €4,687
- Other debts +€2,399
up €2,399 (+303%), from €791 to €3,190
- Gross operating margin +€1,393
up €1,393 (+4.2%), from €32,987 to €34,380
- Taxes +€470
up €470 (+6.3%), from €7,461 to €7,932
- Depreciation -€383
down €383 (-3.1%), from €12,358 to €11,975
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 | €136,376 | €142,730 | +€6,354 | +4.7% |
| Fixed assets | 21/28 | €89,012 | €77,037 | -€11,975 | -13.5% |
| Tangible fixed assets | 22/27 | €89,012 | €77,037 | -€11,975 | -13.5% |
| Land and buildings | 22 | €77,587 | €69,942 | -€7,646 | -9.9% |
| Plant, machinery and equipment | 23 | €2,685 | €2,106 | -€579 | -21.6% |
| Furniture and vehicles | 24 | €8,741 | €4,990 | -€3,750 | -42.9% |
| Current assets | 29/58 | €47,364 | €65,693 | +€18,330 | +38.7% |
| Amounts receivable within one year | 40/41 | €28,693 | €13,354 | -€15,338 | -53.5% |
| Trade receivables | 40 | €28,656 | €13,354 | -€15,301 | -53.4% |
| Other amounts receivable | 41 | €37 | €0 | -€37 | -100% |
| Cash at bank and in hand | 54/58 | €14,318 | €46,484 | +€32,166 | +225% |
| Deferred charges and accrued income | 490/1 | €4,353 | €5,855 | +€1,502 | +34.5% |
| Total equity and liabilities | 10/49 | €136,376 | €142,730 | +€6,354 | +4.7% |
| Equity | 10/15 | €92,206 | €104,096 | +€11,889 | +12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,006 | €97,896 | +€11,889 | +13.8% |
| Distributable reserves | 133 | €86,006 | €97,896 | +€11,889 | +13.8% |
| Amounts payable | 17/49 | €44,170 | €38,635 | -€5,535 | -12.5% |
| Amounts payable after more than one year | 17 | €31,428 | €26,628 | -€4,800 | -15.3% |
| Financial debts | 170/4 | €31,428 | €26,628 | -€4,800 | -15.3% |
| Amounts payable within one year | 42/48 | €12,741 | €12,006 | -€735 | -5.8% |
| Financial debts | 43 | €170 | €415 | +€245 | +145% |
| Credit institutions | 430/8 | €170 | €415 | +€245 | +145% |
| Trade debts | 44 | €4,541 | €3,714 | -€827 | -18.2% |
| Suppliers | 440/4 | €4,541 | €3,714 | -€827 | -18.2% |
| Taxes, remuneration and social security | 45 | €7,240 | €4,687 | -€2,553 | -35.3% |
| Taxes | 450/3 | €7,240 | €4,687 | -€2,553 | -35.3% |
| Other amounts payable | 47/48 | €791 | €3,190 | +€2,399 | +303% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,358 | €11,975 | -€383 | -3.1% |
| Other operating charges | 640/8 | €758 | €781 | +€22 | +2.9% |
| Gross operating margin | 9900 | €32,987 | €34,380 | +€1,393 | +4.2% |
| Operating profit (loss) | 9901 | €19,870 | €21,624 | +€1,754 | +8.8% |
| Financial income | 75/76B | €0 | €2 | +€2 | +3,000% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +3,000% |
| Financial charges | 65/66B | €1,539 | €1,806 | +€266 | +17.3% |
| Recurring financial charges | 65 | €1,539 | €1,806 | +€266 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €18,331 | €19,821 | +€1,490 | +8.1% |
| Income taxes | 67/77 | €7,461 | €7,932 | +€470 | +6.3% |
| Profit (loss) for the period | 9904 | €10,870 | €11,889 | +€1,020 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,870 | €11,889 | +€1,020 | +9.4% |
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.