Welfika: 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.
Welfika
Largest movements
- Cash +€289,702
up €289,702 (+121.0%), from €239,348 to €529,050
mainly Net result for the year (+€183,600) and Current investments (+€75,000)
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Receivables within one year +€23,024
up €23,024 (+13623.9%), from €169 to €23,193
of which Trade receivables: +€19,263
- Tangible fixed assets -€6,407
down €6,407 (-23.5%), from €27,226 to €20,819
of which Other tangible fixed assets: -€3,984
- Profit (loss) carried forward +€183,600
up €183,600 (+59.4%), from €309,303 to €492,903
- Tax, wage and social debts +€51,221
up €51,221 (+231.8%), from €22,093 to €73,314
- Depreciation +€3,272
up €3,272 (+76.0%), from €4,303 to €7,575
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 | €341,743 | €573,062 | +€231,319 | +67.7% |
| Fixed assets | 21/28 | €27,226 | €20,819 | -€6,407 | -23.5% |
| Tangible fixed assets | 22/27 | €27,226 | €20,819 | -€6,407 | -23.5% |
| Plant, machinery and equipment | 23 | €2,325 | €2,821 | +€496 | +21.3% |
| Furniture and vehicles | 24 | €8,063 | €5,144 | -€2,919 | -36.2% |
| Other tangible fixed assets | 26 | €16,838 | €12,854 | -€3,984 | -23.7% |
| Current assets | 29/58 | €314,517 | €552,243 | +€237,726 | +75.6% |
| Amounts receivable within one year | 40/41 | €169 | €23,193 | +€23,024 | +13623.9% |
| Trade receivables | 40 | - | €19,263 | +€19,263 | |
| Other amounts receivable | 41 | €169 | €3,930 | +€3,761 | +2225.5% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €239,348 | €529,050 | +€289,702 | +121.0% |
| Total equity and liabilities | 10/49 | €341,743 | €573,062 | +€231,319 | +67.7% |
| Equity | 10/15 | €314,303 | €497,903 | +€183,600 | +58.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €309,303 | €492,903 | +€183,600 | +59.4% |
| Amounts payable | 17/49 | €27,440 | €75,159 | +€47,719 | +173.9% |
| Amounts payable within one year | 42/48 | €27,440 | €75,159 | +€47,719 | +173.9% |
| Trade debts | 44 | €5,347 | €1,845 | -€3,502 | -65.5% |
| Suppliers | 440/4 | €5,347 | €1,845 | -€3,502 | -65.5% |
| Taxes, remuneration and social security | 45 | €22,093 | €73,314 | +€51,221 | +231.8% |
| Taxes | 450/3 | €22,093 | €73,314 | +€51,221 | +231.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,303 | €7,575 | +€3,272 | +76.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €243,444 | €245,034 | +€1,590 | +0.7% |
| Operating profit (loss) | 9901 | €238,754 | €237,059 | -€1,694 | -0.7% |
| Financial income | 75/76B | €2,576 | €2,282 | -€294 | -11.4% |
| Recurring financial income | 75 | €2,576 | €2,282 | -€294 | -11.4% |
| Financial charges | 65/66B | €98 | €100 | +€2 | +2.0% |
| Recurring financial charges | 65 | €98 | €100 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €241,231 | €239,241 | -€1,991 | -0.8% |
| Income taxes | 67/77 | €55,907 | €55,641 | -€266 | -0.5% |
| Profit (loss) for the period | 9904 | €185,324 | €183,600 | -€1,724 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €185,324 | €183,600 | -€1,724 | -0.9% |
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 2 October 2026 via checked.be.