WELFIT: 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.
WELFIT
Largest movements
- Cash +€30,338
up €30,338 (+559.3%), from €5,424 to €35,763
mainly Receivables within one year (+€28,309) and Net result for the year (+€27,379)
- Receivables within one year -€28,309
down €28,309 (-85.0%), from €33,309 to €5,000
of which Trade receivables: -€26,178
- Tangible fixed assets -€8,626
down €8,626 (-30.8%), from €27,976 to €19,351
of which Furniture and vehicles: -€7,320
- Trade debts -€31,608
down €31,608 (-64.4%), from €49,051 to €17,443
- Profit (loss) carried forward +€27,379
up €27,379 (+23.5%), from -€116,696 to -€89,317
- Other debts -€16,499
down €16,499 (-14.7%), from €111,969 to €95,471
- Tax, wage and social debts +€14,463
up €14,463 (+306.1%), from €4,725 to €19,187
of which Remuneration and social security: +€11,872
- Gross operating margin +€68,486
up €68,486 (+6158.8%), from €1,112 to €69,598
- Staff costs +€15,358
up €15,358 (+388.8%), from €3,950 to €19,308
- Other operating charges +€9,917
up €9,917 (+247.1%), from €4,014 to €13,931
- Depreciation -€7,375
down €7,375 (-46.1%), from €16,001 to €8,626
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,049 | €67,784 | -€6,265 | -8.5% |
| Fixed assets | 21/28 | €34,276 | €25,651 | -€8,626 | -25.2% |
| Tangible fixed assets | 22/27 | €27,976 | €19,351 | -€8,626 | -30.8% |
| Plant, machinery and equipment | 23 | €3,193 | €1,887 | -€1,306 | -40.9% |
| Furniture and vehicles | 24 | €24,784 | €17,464 | -€7,320 | -29.5% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €39,773 | €42,134 | +€2,361 | +5.9% |
| Amounts receivable within one year | 40/41 | €33,309 | €5,000 | -€28,309 | -85.0% |
| Trade receivables | 40 | €31,178 | €5,000 | -€26,178 | -84.0% |
| Other amounts receivable | 41 | €2,130 | - | -€2,130 | |
| Cash at bank and in hand | 54/58 | €5,424 | €35,763 | +€30,338 | +559.3% |
| Deferred charges and accrued income | 490/1 | €1,040 | €1,371 | +€331 | +31.9% |
| Total equity and liabilities | 10/49 | €74,049 | €67,784 | -€6,265 | -8.5% |
| Equity | 10/15 | -€91,696 | -€64,317 | +€27,379 | +29.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,696 | -€89,317 | +€27,379 | +23.5% |
| Amounts payable | 17/49 | €165,745 | €132,101 | -€33,644 | -20.3% |
| Amounts payable within one year | 42/48 | €165,745 | €132,101 | -€33,644 | -20.3% |
| Trade debts | 44 | €49,051 | €17,443 | -€31,608 | -64.4% |
| Suppliers | 440/4 | €49,051 | €17,443 | -€31,608 | -64.4% |
| Taxes, remuneration and social security | 45 | €4,725 | €19,187 | +€14,463 | +306.1% |
| Taxes | 450/3 | €728 | €3,319 | +€2,591 | +355.8% |
| Remuneration and social security | 454/9 | €3,997 | €15,868 | +€11,872 | +297.0% |
| Other amounts payable | 47/48 | €111,969 | €95,471 | -€16,499 | -14.7% |
| Remuneration, social security and pensions | 62 | €3,950 | €19,308 | +€15,358 | +388.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,001 | €8,626 | -€7,375 | -46.1% |
| Other operating charges | 640/8 | €4,014 | €13,931 | +€9,917 | +247.1% |
| Gross operating margin | 9900 | €1,112 | €69,598 | +€68,486 | +6158.8% |
| Operating profit (loss) | 9901 | -€22,852 | €27,733 | +€50,585 | |
| Financial charges | 65/66B | €331 | €183 | -€148 | -44.7% |
| Recurring financial charges | 65 | €331 | €183 | -€148 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,184 | €27,550 | +€50,733 | |
| Income taxes | 67/77 | €149 | €171 | +€21 | +14.3% |
| Profit (loss) for the period | 9904 | -€23,333 | €27,379 | +€50,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,333 | €27,379 | +€50,712 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.