WELEIO: 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.
WELEIO
Largest movements
- Receivables after one year +€180,250
new in 2025: €180,250
- Receivables within one year -€61,503
down €61,503 (-88.5%), from €69,507 to €8,004
of which Trade receivables: -€67,500
- Cash +€39,604
up €39,604 (+791%), from €5,005 to €44,609
mainly Net result for the year (+€113,521) and Other debts (+€88,142)
- Other debts +€88,142
up €88,142 (+6,351%), from €1,388 to €89,530
- Reserves +€81,982
up €81,982 (+245%), from €33,400 to €115,381
of which Distributable reserves: +€81,982
- Trade debts -€22,518
down €22,518 (-96.9%), from €23,241 to €722
- Tax, wage and social debts +€9,043
up €9,043, from €0 to €9,043
- Financial charges -€135,025
down €135,025, from €68,827 to -€66,198
- Taxes +€38,533
up €38,533 (+455%), from €8,463 to €46,996
- Gross operating margin -€14,849
down €14,849 (-13.4%), from €110,863 to €96,014
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 | €77,016 | €234,063 | +€157,048 | +204% |
| Fixed assets | 21/28 | €1,503 | €190 | -€1,313 | -87.4% |
| Tangible fixed assets | 22/27 | €1,313 | €0 | -€1,313 | -100% |
| Other tangible fixed assets | 26 | €1,313 | €0 | -€1,313 | -100% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €75,512 | €233,873 | +€158,361 | +210% |
| Amounts receivable after more than one year | 29 | - | €180,250 | +€180,250 | |
| Other amounts receivable | 291 | - | €180,250 | +€180,250 | |
| Amounts receivable within one year | 40/41 | €69,507 | €8,004 | -€61,503 | -88.5% |
| Trade receivables | 40 | €67,500 | €0 | -€67,500 | -100% |
| Other amounts receivable | 41 | €2,007 | €8,004 | +€5,997 | +299% |
| Cash at bank and in hand | 54/58 | €5,005 | €44,609 | +€39,604 | +791% |
| Deferred charges and accrued income | 490/1 | €1,001 | €1,010 | +€10 | +1.0% |
| Total equity and liabilities | 10/49 | €77,016 | €234,063 | +€157,048 | +204% |
| Equity | 10/15 | €52,000 | €133,981 | +€81,982 | +158% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,400 | €115,381 | +€81,982 | +245% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,400 | €115,381 | +€81,982 | +245% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,016 | €100,082 | +€75,066 | +300% |
| Amounts payable within one year | 42/48 | €24,629 | €99,295 | +€74,666 | +303% |
| Trade debts | 44 | €23,241 | €722 | -€22,518 | -96.9% |
| Suppliers | 440/4 | €23,241 | €722 | -€22,518 | -96.9% |
| Taxes, remuneration and social security | 45 | €0 | €9,043 | +€9,043 | |
| Taxes | 450/3 | €0 | €9,043 | +€9,043 | |
| Other amounts payable | 47/48 | €1,388 | €89,530 | +€88,142 | +6,351% |
| Accrued charges and deferred income | 492/3 | €387 | €787 | +€400 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,350 | €1,313 | -€37 | -2.7% |
| Other operating charges | 640/8 | €683 | €395 | -€288 | -42.2% |
| Gross operating margin | 9900 | €110,863 | €96,014 | -€14,849 | -13.4% |
| Operating profit (loss) | 9901 | €108,830 | €94,305 | -€14,524 | -13.3% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €68,827 | -€66,198 | -€135,025 | |
| Recurring financial charges | 65 | €68,827 | -€66,198 | -€135,025 | |
| Profit (loss) for the period before taxes | 9903 | €40,003 | €160,518 | +€120,515 | +301% |
| Income taxes | 67/77 | €8,463 | €46,996 | +€38,533 | +455% |
| Profit (loss) for the period | 9904 | €31,540 | €113,521 | +€81,982 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €31,540 | €113,521 | +€81,982 | +260% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.