Welektro: 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.
Welektro
Largest movements
- Cash -€29,833
down €29,833 (-38.0%), from €78,544 to €48,711
mainly Investment in fixed assets (net) (-€32,829) and Debts after one year (-€29,885)
- Receivables within one year -€18,983
down €18,983 (-13.2%), from €143,336 to €124,353
of which Trade receivables: -€19,460
- Tangible fixed assets -€17,910
down €17,910 (-2.4%), from €748,255 to €730,345
of which Land and buildings: -€34,956
- Debts after one year -€29,885
down €29,885 (-5.5%), from €542,451 to €512,566
- Tax, wage and social debts -€18,486
down €18,486 (-40.8%), from €45,333 to €26,846
of which Taxes: -€19,034
- Trade debts -€14,830
down €14,830 (-27.8%), from €53,387 to €38,557
- Reserves +€11,887
up €11,887 (+4.6%), from €256,499 to €268,386
of which Distributable reserves: +€11,887
- Staff costs +€20,070
up €20,070 (+27.7%), from €72,347 to €92,416
- Depreciation +€10,579
up €10,579 (+26.3%), from €40,260 to €50,839
- Write-downs -€5,044
no longer reported in 2025 (was €5,044)
- Financial income +€4,550
up €4,550 (+214.9%), from €2,118 to €6,668
- Gross operating margin +€3,193
up €3,193 (+1.8%), from €172,907 to €176,101
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 | €982,410 | €920,638 | -€61,773 | -6.3% |
| Fixed assets | 21/28 | €748,530 | €730,520 | -€18,010 | -2.4% |
| Intangible fixed assets | 21 | €275 | €175 | -€100 | -36.4% |
| Tangible fixed assets | 22/27 | €748,255 | €730,345 | -€17,910 | -2.4% |
| Land and buildings | 22 | €589,291 | €554,334 | -€34,956 | -5.9% |
| Plant, machinery and equipment | 23 | €16,631 | €18,306 | +€1,675 | +10.1% |
| Furniture and vehicles | 24 | €9,102 | €14,570 | +€5,468 | +60.1% |
| Other tangible fixed assets | 26 | €2,245 | €548 | -€1,696 | -75.6% |
| Assets under construction and advance payments | 27 | €130,986 | €142,586 | +€11,600 | +8.9% |
| Current assets | 29/58 | €233,880 | €190,118 | -€43,762 | -18.7% |
| Stocks and contracts in progress | 3 | €12,000 | €12,000 | = | 0.0% |
| Stocks | 30/36 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,336 | €124,353 | -€18,983 | -13.2% |
| Trade receivables | 40 | €109,511 | €90,051 | -€19,460 | -17.8% |
| Other amounts receivable | 41 | €33,825 | €34,302 | +€476 | +1.4% |
| Cash at bank and in hand | 54/58 | €78,544 | €48,711 | -€29,833 | -38.0% |
| Deferred charges and accrued income | 490/1 | - | €5,053 | +€5,053 | |
| Total equity and liabilities | 10/49 | €982,410 | €920,638 | -€61,773 | -6.3% |
| Equity | 10/15 | €262,699 | €274,586 | +€11,887 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €256,499 | €268,386 | +€11,887 | +4.6% |
| 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 | €254,639 | €266,526 | +€11,887 | +4.7% |
| Amounts payable | 17/49 | €719,711 | €646,051 | -€73,660 | -10.2% |
| Amounts payable after more than one year | 17 | €542,451 | €512,566 | -€29,885 | -5.5% |
| Financial debts | 170/4 | €542,451 | €512,566 | -€29,885 | -5.5% |
| Amounts payable within one year | 42/48 | €177,260 | €133,485 | -€43,774 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €33,258 | €29,885 | -€3,373 | -10.1% |
| Financial debts | 43 | €28,197 | €28,197 | = | 0.0% |
| Credit institutions | 430/8 | €28,197 | €28,197 | = | 0.0% |
| Trade debts | 44 | €53,387 | €38,557 | -€14,830 | -27.8% |
| Suppliers | 440/4 | €53,387 | €38,557 | -€14,830 | -27.8% |
| Taxes, remuneration and social security | 45 | €45,333 | €26,846 | -€18,486 | -40.8% |
| Taxes | 450/3 | €31,974 | €12,940 | -€19,034 | -59.5% |
| Remuneration and social security | 454/9 | €13,359 | €13,907 | +€548 | +4.1% |
| Other amounts payable | 47/48 | €17,086 | €10,000 | -€7,086 | -41.5% |
| Remuneration, social security and pensions | 62 | €72,347 | €92,416 | +€20,070 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,260 | €50,839 | +€10,579 | +26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,044 | - | -€5,044 | |
| Other operating charges | 640/8 | €875 | €2,685 | +€1,809 | +206.7% |
| Gross operating margin | 9900 | €172,907 | €176,101 | +€3,193 | +1.8% |
| Operating profit (loss) | 9901 | €54,382 | €30,160 | -€24,221 | -44.5% |
| Financial income | 75/76B | €2,118 | €6,668 | +€4,550 | +214.9% |
| Recurring financial income | 75 | €2,118 | €6,668 | +€4,550 | +214.9% |
| Financial charges | 65/66B | €17,826 | €19,602 | +€1,776 | +10.0% |
| Recurring financial charges | 65 | €17,826 | €19,602 | +€1,776 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €38,673 | €17,226 | -€21,448 | -55.5% |
| Income taxes | 67/77 | €3,900 | €5,338 | +€1,439 | +36.9% |
| Profit (loss) for the period | 9904 | €34,774 | €11,887 | -€22,887 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,774 | €11,887 | -€22,887 | -65.8% |
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 8 October 2026 via checked.be.