WELCOME ASIA: what changed
What changed
WELCOME ASIA
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€254,858
2024 · €176,632+€78,227
Equity
€153,946
2024 · €79,088+€74,858
Cash
€201,932
2024 · €147,092+€54,840
Balance sheet total
€435,166
2024 · €590,116-€154,950
Largest movements
Assets
- Receivables within one year -€195,530
down €195,530 (-89.3%), from €219,054 to €23,524
of which Trade receivables: -€200,231
- Cash +€54,840
up €54,840 (+37.3%), from €147,092 to €201,932
mainly Net result for the year (+€254,858) and Receivables within one year (+€195,530)
- Tangible fixed assets -€13,988
down €13,988 (-11.1%), from €126,191 to €112,203
of which Other tangible fixed assets: -€11,065
Equity and liabilities
- Trade debts -€237,633
down €237,633 (-84.6%), from €281,019 to €43,386
- Reserves +€74,858
up €74,858 (+101%), from €74,088 to €148,946
- Other debts +€60,600
up €60,600 (+50.9%), from €119,032 to €179,632
- Debts after one year -€38,463
no longer reported in 2025 (was €38,463)
- Tax, wage and social debts -€10,125
down €10,125 (-33.9%), from €29,864 to €19,739
of which Taxes: -€9,978
Income statement
- Gross operating margin +€127,521
up €127,521 (+37.5%), from €339,716 to €467,237
- Staff costs +€36,943
up €36,943 (+32.4%), from €114,147 to €151,090
- Taxes +€9,090
up €9,090 (+47.5%), from €19,127 to €28,217
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€176,632
Gross operating margin
+€127,521
Staff costs
-€36,943
Depreciation
-€3,690
Other operating charges
+€2,602
Other operating items
-€455
Financial income
-€305
Financial charges
-€1,413
Taxes
-€9,090
Result 2025
€254,858
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€283,381
Investment
-€10,823
Financing
-€217,717
Cash 2024
€147,092
From operations (derived)
+€283,381
Net result for the year
+€254,858
Depreciation
+€24,811
Stocks and contracts
+€1,967
Receivables within one year
+€195,530
Deferred charges and accrued income
-€1,694
Trade debts
-€237,633
Tax, wage and social debts
-€10,125
Other debts
+€60,600
Accrued charges and deferred income
-€4,933
Investment (derived)
-€10,823
Investment in fixed assets (net)
-€10,823
Financing
-€217,717
Debts after one year
-€38,463
Current portion of long-term debt
+€746
Contributions, distributions and other
-€180,000
Cash 2025
€201,932
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €590,116 | €435,166 | -€154,950 | -26.3% |
| Fixed assets | 21/28 | €127,691 | €113,703 | -€13,988 | -11.0% |
| Tangible fixed assets | 22/27 | €126,191 | €112,203 | -€13,988 | -11.1% |
| Plant, machinery and equipment | 23 | €48,178 | €45,457 | -€2,722 | -5.6% |
| Furniture and vehicles | 24 | €300 | €99 | -€201 | -67.1% |
| Other tangible fixed assets | 26 | €77,712 | €66,647 | -€11,065 | -14.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €462,425 | €321,462 | -€140,962 | -30.5% |
| Stocks and contracts in progress | 3 | €90,096 | €88,129 | -€1,967 | -2.2% |
| Stocks | 30/36 | €90,096 | €88,129 | -€1,967 | -2.2% |
| Amounts receivable within one year | 40/41 | €219,054 | €23,524 | -€195,530 | -89.3% |
| Trade receivables | 40 | €216,614 | €16,382 | -€200,231 | -92.4% |
| Other amounts receivable | 41 | €2,440 | €7,141 | +€4,701 | +193% |
| Cash at bank and in hand | 54/58 | €147,092 | €201,932 | +€54,840 | +37.3% |
| Deferred charges and accrued income | 490/1 | €6,183 | €7,878 | +€1,694 | +27.4% |
| Total equity and liabilities | 10/49 | €590,116 | €435,166 | -€154,950 | -26.3% |
| Equity | 10/15 | €79,088 | €153,946 | +€74,858 | +94.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,088 | €148,946 | +€74,858 | +101% |
| Distributable reserves | 133 | €74,088 | €148,946 | +€74,858 | +101% |
| Amounts payable | 17/49 | €511,028 | €281,220 | -€229,808 | -45.0% |
| Amounts payable after more than one year | 17 | €38,463 | - | -€38,463 | |
| Financial debts | 170/4 | €38,463 | - | -€38,463 | |
| Amounts payable within one year | 42/48 | €467,631 | €281,220 | -€186,412 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €37,717 | €38,463 | +€746 | +2.0% |
| Trade debts | 44 | €281,019 | €43,386 | -€237,633 | -84.6% |
| Suppliers | 440/4 | €281,019 | €43,386 | -€237,633 | -84.6% |
| Taxes, remuneration and social security | 45 | €29,864 | €19,739 | -€10,125 | -33.9% |
| Taxes | 450/3 | €22,153 | €12,174 | -€9,978 | -45.0% |
| Remuneration and social security | 454/9 | €7,711 | €7,565 | -€146 | -1.9% |
| Other amounts payable | 47/48 | €119,032 | €179,632 | +€60,600 | +50.9% |
| Accrued charges and deferred income | 492/3 | €4,933 | - | -€4,933 | |
| Remuneration, social security and pensions | 62 | €114,147 | €151,090 | +€36,943 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,121 | €24,811 | +€3,690 | +17.5% |
| Other operating charges | 640/8 | €5,020 | €2,418 | -€2,602 | -51.8% |
| Non-recurring operating charges | 66A | -€455 | - | +€455 | |
| Gross operating margin | 9900 | €339,716 | €467,237 | +€127,521 | +37.5% |
| Operating profit (loss) | 9901 | €199,883 | €288,918 | +€89,035 | +44.5% |
| Financial income | 75/76B | €306 | €1 | -€305 | -99.6% |
| Recurring financial income | 75 | €306 | €1 | -€305 | -99.6% |
| Financial charges | 65/66B | €4,431 | €5,843 | +€1,413 | +31.9% |
| Recurring financial charges | 65 | €4,431 | €5,843 | +€1,413 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €195,759 | €283,076 | +€87,317 | +44.6% |
| Income taxes | 67/77 | €19,127 | €28,217 | +€9,090 | +47.5% |
| Profit (loss) for the period | 9904 | €176,632 | €254,858 | +€78,227 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €176,632 | €254,858 | +€78,227 | +44.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.