WELCOMPASS: what changed
Two fiscal 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.
WELCOMPASS
Largest movements
- Receivables within one year -€29,914
down €29,914 (-29.3%), from €102,064 to €72,150
of which Trade receivables: -€17,699
- Current investments +€15,648
new in 2025: €15,648
- Tangible fixed assets -€11,313
down €11,313 (-2.9%), from €394,602 to €383,289
of which Land and buildings: -€11,313
- Other debts -€31,099
down €31,099 (-45.8%), from €67,967 to €36,869
- Debts after one year -€12,711
down €12,711 (-3.7%), from €339,002 to €326,291
- Tax, wage and social debts +€8,965
up €8,965 (+50.6%), from €17,730 to €26,695
of which Taxes: +€14,712
- Depreciation -€13,575
down €13,575 (-54.5%), from €24,888 to €11,313
- Gross operating margin -€5,914
down €5,914 (-5.8%), from €101,927 to €96,013
- Taxes +€5,226
up €5,226 (+23.6%), from €22,141 to €27,367
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 | €627,857 | €598,239 | -€29,617 | -4.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €413,202 | €401,889 | -€11,313 | -2.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €394,602 | €383,289 | -€11,313 | -2.9% |
| Land and buildings | 22 | €394,602 | €383,289 | -€11,313 | -2.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €214,655 | €196,351 | -€18,304 | -8.5% |
| Amounts receivable within one year | 40/41 | €102,064 | €72,150 | -€29,914 | -29.3% |
| Trade receivables | 40 | €37,986 | €20,287 | -€17,699 | -46.6% |
| Other amounts receivable | 41 | €64,078 | €51,862 | -€12,215 | -19.1% |
| Current investments | 50/53 | - | €15,648 | +€15,648 | |
| Cash at bank and in hand | 54/58 | €111,220 | €106,576 | -€4,644 | -4.2% |
| Deferred charges and accrued income | 490/1 | €1,371 | €1,977 | +€605 | +44.2% |
| Total equity and liabilities | 10/49 | €627,857 | €598,239 | -€29,617 | -4.7% |
| Equity | 10/15 | €185,615 | €189,571 | +€3,956 | +2.1% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €95,860 | €94,750 | -€1,110 | -1.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €94,000 | €92,890 | -€1,110 | -1.2% |
| Profit (loss) carried forward | 14 | €80,455 | €85,521 | +€5,065 | +6.3% |
| Amounts payable | 17/49 | €442,241 | €408,668 | -€33,573 | -7.6% |
| Amounts payable after more than one year | 17 | €339,002 | €326,291 | -€12,711 | -3.7% |
| Financial debts | 170/4 | €339,002 | €326,291 | -€12,711 | -3.7% |
| Amounts payable within one year | 42/48 | €100,766 | €78,739 | -€22,026 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €12,102 | €12,711 | +€609 | +5.0% |
| Trade debts | 44 | €2,965 | €2,464 | -€501 | -16.9% |
| Suppliers | 440/4 | €2,965 | €2,464 | -€501 | -16.9% |
| Taxes, remuneration and social security | 45 | €17,730 | €26,695 | +€8,965 | +50.6% |
| Taxes | 450/3 | €11,983 | €26,695 | +€14,712 | +122.8% |
| Remuneration and social security | 454/9 | €5,748 | - | -€5,748 | |
| Other amounts payable | 47/48 | €67,967 | €36,869 | -€31,099 | -45.8% |
| Accrued charges and deferred income | 492/3 | €2,474 | €3,638 | +€1,165 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,888 | €11,313 | -€13,575 | -54.5% |
| Other operating charges | 640/8 | €1,503 | €1,528 | +€25 | +1.7% |
| Non-recurring operating charges | 66A | €7 | €12,009 | +€12,002 | +173186.6% |
| Gross operating margin | 9900 | €101,927 | €96,013 | -€5,914 | -5.8% |
| Operating profit (loss) | 9901 | €75,529 | €71,164 | -€4,366 | -5.8% |
| Financial income | 75/76B | €863 | €911 | +€48 | +5.6% |
| Recurring financial income | 75 | €863 | €911 | +€48 | +5.6% |
| Financial charges | 65/66B | €20,640 | €19,642 | -€998 | -4.8% |
| Recurring financial charges | 65 | €20,640 | €19,642 | -€998 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €55,752 | €52,432 | -€3,320 | -6.0% |
| Income taxes | 67/77 | €22,141 | €27,367 | +€5,226 | +23.6% |
| Profit (loss) for the period | 9904 | €33,611 | €25,065 | -€8,545 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,611 | €25,065 | -€8,545 | -25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.