WELCOM 2: 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.
WELCOM 2
Largest movements
- Cash +€117,603
up €117,603 (+382%), from €30,755 to €148,359
mainly Net result for the year (+€108,893) and Other debts (+€34,000)
- Tangible fixed assets +€21,422
up €21,422 (+626%), from €3,423 to €24,846
of which Furniture and vehicles: +€10,795
- Profit (loss) carried forward +€74,893
up €74,893, from -€18,512 to €56,382
- Other debts +€34,000
new in 2025: €34,000
- Trade debts +€17,934
new in 2025: €17,934
- Tax, wage and social debts +€9,286
up €9,286 (+21.8%), from €42,542 to €51,827
of which Taxes: +€9,286
- Gross operating margin +€87,963
up €87,963 (+215%), from €40,870 to €128,833
- Taxes +€10,649
up €10,649, from -€710 to €9,938
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 | €42,010 | €178,123 | +€136,113 | +324% |
| Fixed assets | 21/28 | €5,202 | €26,625 | +€21,422 | +412% |
| Tangible fixed assets | 22/27 | €3,423 | €24,846 | +€21,422 | +626% |
| Plant, machinery and equipment | 23 | - | €10,627 | +€10,627 | |
| Furniture and vehicles | 24 | €3,423 | €14,218 | +€10,795 | +315% |
| Financial fixed assets | 28 | €1,779 | €1,779 | = | 0.0% |
| Current assets | 29/58 | €36,808 | €151,498 | +€114,691 | +312% |
| Stocks and contracts in progress | 3 | €4,477 | €3,139 | -€1,338 | -29.9% |
| Stocks | 30/36 | €4,477 | €3,139 | -€1,338 | -29.9% |
| Amounts receivable within one year | 40/41 | €1,575 | - | -€1,575 | |
| Other amounts receivable | 41 | €1,575 | - | -€1,575 | |
| Cash at bank and in hand | 54/58 | €30,755 | €148,359 | +€117,603 | +382% |
| Total equity and liabilities | 10/49 | €42,010 | €178,123 | +€136,113 | +324% |
| Equity | 10/15 | -€532 | €74,362 | +€74,893 | |
| Contributions | 10/11 | €17,980 | €17,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,512 | €56,382 | +€74,893 | |
| Amounts payable | 17/49 | €42,542 | €103,761 | +€61,219 | +144% |
| Amounts payable within one year | 42/48 | €42,542 | €103,761 | +€61,219 | +144% |
| Trade debts | 44 | - | €17,934 | +€17,934 | |
| Suppliers | 440/4 | - | €17,934 | +€17,934 | |
| Taxes, remuneration and social security | 45 | €42,542 | €51,827 | +€9,286 | +21.8% |
| Taxes | 450/3 | €2,998 | €12,283 | +€9,286 | +310% |
| Remuneration and social security | 454/9 | €39,544 | €39,544 | = | 0.0% |
| Other amounts payable | 47/48 | - | €34,000 | +€34,000 | |
| Remuneration, social security and pensions | 62 | €5,623 | €5,917 | +€294 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €856 | €2,045 | +€1,189 | +139% |
| Other operating charges | 640/8 | €2,695 | €2,085 | -€610 | -22.6% |
| Gross operating margin | 9900 | €40,870 | €128,833 | +€87,963 | +215% |
| Operating profit (loss) | 9901 | €31,696 | €118,787 | +€87,091 | +275% |
| Financial income | 75/76B | €1 | €253 | +€252 | +24,039% |
| Recurring financial income | 75 | €1 | €253 | +€252 | +24,039% |
| Financial charges | 65/66B | €777 | €209 | -€568 | -73.1% |
| Recurring financial charges | 65 | €777 | €209 | -€568 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €30,920 | €118,832 | +€87,911 | +284% |
| Income taxes | 67/77 | -€710 | €9,938 | +€10,649 | |
| Profit (loss) for the period | 9904 | €31,631 | €108,893 | +€77,263 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €31,631 | €108,893 | +€77,263 | +244% |
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 14 October 2026 via checked.be.