WELBA: 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.
WELBA
Largest movements
- Cash +€62,944
up €62,944 (+798.7%), from €7,880 to €70,825
mainly Investment in fixed assets (net) (+€35,517) and Other debts (+€23,892)
- Tangible fixed assets -€37,447
down €37,447 (-78.8%), from €47,500 to €10,053
of which Land and buildings: -€47,500
- Other debts +€23,892
up €23,892 (+46.1%), from €51,870 to €75,761
- Reserves -€6,697
down €6,697 (-7.0%), from €95,355 to €88,658
of which Distributable reserves: -€6,697
- Trade debts +€5,199
up €5,199 (+92.1%), from €5,644 to €10,843
- Gross operating margin +€25,337
up €25,337, from -€13,108 to €12,229
- Financial charges +€2,011
up €2,011 (+292.0%), from €688 to €2,699
- Depreciation -€1,155
down €1,155 (-37.4%), from €3,085 to €1,931
- Other operating charges +€612
up €612 (+34.8%), from €1,758 to €2,371
- Taxes -€365
down €365 (-60.5%), from €603 to €238
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 | €164,119 | €186,616 | +€22,497 | +13.7% |
| Fixed assets | 21/28 | €47,500 | €10,053 | -€37,447 | -78.8% |
| Tangible fixed assets | 22/27 | €47,500 | €10,053 | -€37,447 | -78.8% |
| Land and buildings | 22 | €47,500 | - | -€47,500 | |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | - | €10,053 | +€10,053 | |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Current assets | 29/58 | €116,619 | €176,563 | +€59,945 | +51.4% |
| Stocks and contracts in progress | 3 | €1,500 | - | -€1,500 | |
| Stocks | 30/36 | €1,500 | - | -€1,500 | |
| Amounts receivable within one year | 40/41 | €14,693 | €13,671 | -€1,022 | -7.0% |
| Trade receivables | 40 | €12,693 | €11,554 | -€1,140 | -9.0% |
| Other amounts receivable | 41 | €2,000 | €2,118 | +€118 | +5.9% |
| Current investments | 50/53 | €90,595 | €91,852 | +€1,257 | +1.4% |
| Cash at bank and in hand | 54/58 | €7,880 | €70,825 | +€62,944 | +798.7% |
| Deferred charges and accrued income | 490/1 | €1,950 | €216 | -€1,735 | -88.9% |
| Total equity and liabilities | 10/49 | €164,119 | €186,616 | +€22,497 | +13.7% |
| Equity | 10/15 | €98,170 | €91,473 | -€6,697 | -6.8% |
| Contributions | 10/11 | €17,352 | €17,352 | = | 0.0% |
| Reserves | 13 | €95,355 | €88,658 | -€6,697 | -7.0% |
| Non-distributable reserves | 130/1 | €2,355 | €2,355 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,355 | €2,355 | = | 0.0% |
| Distributable reserves | 133 | €93,000 | €86,303 | -€6,697 | -7.2% |
| Profit (loss) carried forward | 14 | -€14,537 | -€14,537 | = | 0.0% |
| Amounts payable | 17/49 | €65,949 | €95,144 | +€29,194 | +44.3% |
| Amounts payable within one year | 42/48 | €59,876 | €87,234 | +€27,358 | +45.7% |
| Trade debts | 44 | €5,644 | €10,843 | +€5,199 | +92.1% |
| Suppliers | 440/4 | €5,644 | €10,843 | +€5,199 | +92.1% |
| Taxes, remuneration and social security | 45 | €2,363 | €630 | -€1,733 | -73.3% |
| Taxes | 450/3 | €2,363 | €630 | -€1,733 | -73.3% |
| Other amounts payable | 47/48 | €51,870 | €75,761 | +€23,892 | +46.1% |
| Accrued charges and deferred income | 492/3 | €6,073 | €7,909 | +€1,836 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,085 | €1,931 | -€1,155 | -37.4% |
| Other operating charges | 640/8 | €1,758 | €2,371 | +€612 | +34.8% |
| Gross operating margin | 9900 | -€13,108 | €12,229 | +€25,337 | |
| Operating profit (loss) | 9901 | -€17,951 | €7,928 | +€25,879 | |
| Financial income | 75/76B | €1,374 | €1,312 | -€62 | -4.5% |
| Recurring financial income | 75 | €1,374 | €1,312 | -€62 | -4.5% |
| Financial charges | 65/66B | €688 | €2,699 | +€2,011 | +292.0% |
| Recurring financial charges | 65 | €688 | €2,699 | +€2,011 | +292.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,266 | €6,541 | +€23,807 | |
| Income taxes | 67/77 | €603 | €238 | -€365 | -60.5% |
| Profit (loss) for the period | 9904 | -€17,869 | €6,303 | +€24,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,869 | €6,303 | +€24,172 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.