WELAMI: 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.
WELAMI
Largest movements
- Tangible fixed assets -€23,408
down €23,408 (-3.8%), from €611,155 to €587,748
- Debts after one year -€43,346
down €43,346 (-11.8%), from €367,704 to €324,358
- Other debts +€11,154
up €11,154 (+24.6%), from €45,309 to €56,463
- Profit (loss) carried forward +€8,828
up €8,828 (+5.8%), from €151,028 to €159,856
- Gross operating margin +€3,075
up €3,075 (+5.4%), from €57,283 to €60,359
- Financial charges -€2,875
down €2,875 (-23.9%), from €12,034 to €9,159
- Taxes +€1,927
up €1,927 (+149.9%), from €1,286 to €3,213
- Other operating charges +€628
up €628 (+8.8%), from €7,123 to €7,751
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €613,042 | €593,990 | -€19,052 | -3.1% |
| Fixed assets | 21/28 | €611,155 | €587,748 | -€23,408 | -3.8% |
| Tangible fixed assets | 22/27 | €611,155 | €587,748 | -€23,408 | -3.8% |
| Land and buildings | 22 | €611,155 | €587,748 | -€23,408 | -3.8% |
| Current assets | 29/58 | €1,887 | €6,242 | +€4,356 | +230.8% |
| Cash at bank and in hand | 54/58 | €1,887 | €6,242 | +€4,356 | +230.8% |
| Total equity and liabilities | 10/49 | €613,042 | €593,990 | -€19,052 | -3.1% |
| Equity | 10/15 | €169,628 | €178,456 | +€8,828 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,028 | €159,856 | +€8,828 | +5.8% |
| Amounts payable | 17/49 | €443,414 | €415,534 | -€27,879 | -6.3% |
| Amounts payable after more than one year | 17 | €367,704 | €324,358 | -€43,346 | -11.8% |
| Financial debts | 170/4 | €367,704 | €324,358 | -€43,346 | -11.8% |
| Amounts payable within one year | 42/48 | €70,710 | €87,250 | +€16,540 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €17,195 | €18,346 | +€1,150 | +6.7% |
| Trade debts | 44 | €5,154 | €8,528 | +€3,373 | +65.4% |
| Suppliers | 440/4 | €5,154 | €8,528 | +€3,373 | +65.4% |
| Taxes, remuneration and social security | 45 | €3,051 | €3,913 | +€863 | +28.3% |
| Taxes | 450/3 | €3,051 | €3,913 | +€863 | +28.3% |
| Other amounts payable | 47/48 | €45,309 | €56,463 | +€11,154 | +24.6% |
| Accrued charges and deferred income | 492/3 | €5,000 | €3,927 | -€1,073 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,408 | €23,408 | = | 0.0% |
| Other operating charges | 640/8 | €7,123 | €7,751 | +€628 | +8.8% |
| Gross operating margin | 9900 | €57,283 | €60,359 | +€3,075 | +5.4% |
| Operating profit (loss) | 9901 | €26,753 | €29,200 | +€2,447 | +9.1% |
| Financial charges | 65/66B | €12,034 | €9,159 | -€2,875 | -23.9% |
| Recurring financial charges | 65 | €12,034 | €9,159 | -€2,875 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €14,719 | €20,041 | +€5,322 | +36.2% |
| Income taxes | 67/77 | €1,286 | €3,213 | +€1,927 | +149.9% |
| Profit (loss) for the period | 9904 | €13,433 | €16,828 | +€3,394 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,433 | €16,828 | +€3,394 | +25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.