WELCARBU: 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.
WELCARBU
Largest movements
- Tangible fixed assets -€54,160
down €54,160 (-17.6%), from €306,916 to €252,755
of which Furniture and vehicles: -€37,635
- Cash -€10,119
down €10,119 (-71.1%), from €14,225 to €4,106
mainly Debts after one year (-€42,769) and Tax, wage and social debts (-€25,651)
- Debts after one year -€42,769
down €42,769 (-22.0%), from €194,733 to €151,963
- Tax, wage and social debts -€25,651
down €25,651 (-61.8%), from €41,508 to €15,857
of which Taxes: -€26,612
- Other operating charges +€21,435
up €21,435 (+1,015%), from €2,111 to €23,545
- Depreciation -€10,697
down €10,697 (-37.9%), from €28,215 to €17,518
- Gross operating margin -€10,233
down €10,233 (-10.8%), from €95,155 to €84,921
- Taxes -€8,042
down €8,042 (-68.1%), from €11,808 to €3,766
- Staff costs +€6,559
up €6,559 (+25.9%), from €25,362 to €31,921
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 | €362,315 | €294,718 | -€67,596 | -18.7% |
| Fixed assets | 21/28 | €306,916 | €252,755 | -€54,160 | -17.6% |
| Tangible fixed assets | 22/27 | €306,916 | €252,755 | -€54,160 | -17.6% |
| Land and buildings | 22 | €267,269 | €251,036 | -€16,234 | -6.1% |
| Furniture and vehicles | 24 | €38,649 | €1,014 | -€37,635 | -97.4% |
| Other tangible fixed assets | 26 | €997 | €706 | -€292 | -29.3% |
| Current assets | 29/58 | €55,399 | €41,963 | -€13,436 | -24.3% |
| Amounts receivable within one year | 40/41 | €40,502 | €37,287 | -€3,214 | -7.9% |
| Trade receivables | 40 | €2,850 | €1,057 | -€1,793 | -62.9% |
| Other amounts receivable | 41 | €37,652 | €36,230 | -€1,422 | -3.8% |
| Cash at bank and in hand | 54/58 | €14,225 | €4,106 | -€10,119 | -71.1% |
| Deferred charges and accrued income | 490/1 | €672 | €570 | -€102 | -15.2% |
| Total equity and liabilities | 10/49 | €362,315 | €294,718 | -€67,596 | -18.7% |
| Equity | 10/15 | €70,888 | €73,893 | +€3,005 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,000 | €59,000 | = | 0.0% |
| Distributable reserves | 133 | €59,000 | €59,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,688 | €8,693 | +€3,005 | +52.8% |
| Amounts payable | 17/49 | €291,427 | €220,826 | -€70,601 | -24.2% |
| Amounts payable after more than one year | 17 | €194,733 | €151,963 | -€42,769 | -22.0% |
| Financial debts | 170/4 | €194,733 | €151,963 | -€42,769 | -22.0% |
| Amounts payable within one year | 42/48 | €95,513 | €67,860 | -€27,653 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €50,296 | €51,481 | +€1,185 | +2.4% |
| Trade debts | 44 | €3,709 | €522 | -€3,187 | -85.9% |
| Suppliers | 440/4 | €3,709 | €522 | -€3,187 | -85.9% |
| Taxes, remuneration and social security | 45 | €41,508 | €15,857 | -€25,651 | -61.8% |
| Taxes | 450/3 | €38,426 | €11,813 | -€26,612 | -69.3% |
| Remuneration and social security | 454/9 | €3,082 | €4,043 | +€961 | +31.2% |
| Accrued charges and deferred income | 492/3 | €1,181 | €1,002 | -€179 | -15.1% |
| Remuneration, social security and pensions | 62 | €25,362 | €31,921 | +€6,559 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,215 | €17,518 | -€10,697 | -37.9% |
| Other operating charges | 640/8 | €2,111 | €23,545 | +€21,435 | +1,015% |
| Gross operating margin | 9900 | €95,155 | €84,921 | -€10,233 | -10.8% |
| Operating profit (loss) | 9901 | €39,467 | €11,937 | -€27,530 | -69.8% |
| Financial charges | 65/66B | €6,026 | €5,166 | -€859 | -14.3% |
| Recurring financial charges | 65 | €6,026 | €5,166 | -€859 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €33,442 | €6,771 | -€26,671 | -79.8% |
| Income taxes | 67/77 | €11,808 | €3,766 | -€8,042 | -68.1% |
| Profit (loss) for the period | 9904 | €21,634 | €3,005 | -€18,629 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,634 | €3,005 | -€18,629 | -86.1% |
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 29 October 2026 via checked.be.