WELCOME.BE: 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.
WELCOME.BE
Largest movements
- Cash +€22,315
up €22,315 (+14.9%), from €149,563 to €171,879
mainly Net result for the year (+€45,669) and Other debts (+€5,865)
- Reserves +€45,000
up €45,000 (+39.1%), from €115,000 to €160,000
- Tax, wage and social debts -€24,459
down €24,459 (-71.4%), from €34,239 to €9,780
of which Taxes: -€22,407
- Other debts +€5,865
up €5,865 (+251.7%), from €2,330 to €8,195
- Profit (loss) carried forward -€3,331
down €3,331 (-79.1%), from €4,210 to €878
- Gross operating margin +€4,315
up €4,315 (+6.4%), from €66,930 to €71,245
- Taxes +€1,852
up €1,852 (+8.3%), from €22,200 to €24,052
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 | €164,881 | €186,313 | +€21,432 | +13.0% |
| Fixed assets | 21/28 | €1,431 | €191 | -€1,240 | -86.7% |
| Tangible fixed assets | 22/27 | €1,348 | €108 | -€1,240 | -92.0% |
| Furniture and vehicles | 24 | €1,348 | €108 | -€1,240 | -92.0% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €163,451 | €186,123 | +€22,672 | +13.9% |
| Amounts receivable within one year | 40/41 | €13,534 | €13,992 | +€458 | +3.4% |
| Trade receivables | 40 | €13,534 | €13,992 | +€458 | +3.4% |
| Cash at bank and in hand | 54/58 | €149,563 | €171,879 | +€22,315 | +14.9% |
| Deferred charges and accrued income | 490/1 | €354 | €252 | -€101 | -28.7% |
| Total equity and liabilities | 10/49 | €164,881 | €186,313 | +€21,432 | +13.0% |
| Equity | 10/15 | €121,710 | €163,378 | +€41,669 | +34.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €115,000 | €160,000 | +€45,000 | +39.1% |
| Distributable reserves | 133 | €115,000 | €160,000 | +€45,000 | +39.1% |
| Profit (loss) carried forward | 14 | €4,210 | €878 | -€3,331 | -79.1% |
| Amounts payable | 17/49 | €43,172 | €22,935 | -€20,237 | -46.9% |
| Amounts payable within one year | 42/48 | €43,066 | €22,859 | -€20,206 | -46.9% |
| Trade debts | 44 | €6,497 | €4,884 | -€1,612 | -24.8% |
| Suppliers | 440/4 | €6,497 | €4,884 | -€1,612 | -24.8% |
| Taxes, remuneration and social security | 45 | €34,239 | €9,780 | -€24,459 | -71.4% |
| Taxes | 450/3 | €31,779 | €9,372 | -€22,407 | -70.5% |
| Remuneration and social security | 454/9 | €2,460 | €408 | -€2,052 | -83.4% |
| Other amounts payable | 47/48 | €2,330 | €8,195 | +€5,865 | +251.7% |
| Accrued charges and deferred income | 492/3 | €106 | €76 | -€30 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,281 | €1,240 | -€41 | -3.2% |
| Other operating charges | 640/8 | €1,122 | €962 | -€160 | -14.2% |
| Gross operating margin | 9900 | €66,930 | €71,245 | +€4,315 | +6.4% |
| Operating profit (loss) | 9901 | €64,527 | €69,042 | +€4,516 | +7.0% |
| Financial income | 75/76B | €1,259 | €1,047 | -€213 | -16.9% |
| Recurring financial income | 75 | €1,259 | €1,047 | -€213 | -16.9% |
| Financial charges | 65/66B | €448 | €368 | -€80 | -17.9% |
| Recurring financial charges | 65 | €448 | €368 | -€80 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €65,338 | €69,721 | +€4,383 | +6.7% |
| Income taxes | 67/77 | €22,200 | €24,052 | +€1,852 | +8.3% |
| Profit (loss) for the period | 9904 | €43,138 | €45,669 | +€2,531 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,138 | €45,669 | +€2,531 | +5.9% |
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 9 October 2026 via checked.be.