WELI GROUP: 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.
WELI GROUP
Largest movements
- Cash +€9,841
up €9,841 (+88.9%), from €11,070 to €20,911
mainly Debts after one year (+€14,126) and Advances received (+€12,556)
- Financial fixed assets +€3,000
new in 2025: €3,000
- Deferred charges and accrued income +€1,062
new in 2025: €1,062
- Tangible fixed assets -€1,000
down €1,000 (-25.8%), from €3,873 to €2,873
- Trade debts -€19,888
down €19,888 (-47.1%), from €42,187 to €22,299
- Debts after one year +€14,126
up €14,126 (+364%), from €3,877 to €18,003
- Advances received +€12,556
up €12,556 (+1,352%), from €928 to €13,484
- Profit (loss) carried forward +€3,635
up €3,635 (+13.5%), from -€26,896 to -€23,261
- Short-term financial debts -€3,100
down €3,100 (-99.8%), from €3,106 to €6
- Gross operating margin -€26,947
down €26,947 (-61.4%), from €43,859 to €16,911
- Other operating charges -€1,230
down €1,230 (-12.9%), from €9,569 to €8,339
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 | €63,013 | €75,499 | +€12,485 | +19.8% |
| Fixed assets | 21/28 | €3,873 | €5,873 | +€2,000 | +51.6% |
| Tangible fixed assets | 22/27 | €3,873 | €2,873 | -€1,000 | -25.8% |
| Furniture and vehicles | 24 | €3,873 | €2,873 | -€1,000 | -25.8% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €59,140 | €69,626 | +€10,485 | +17.7% |
| Amounts receivable within one year | 40/41 | €48,070 | €47,653 | -€417 | -0.9% |
| Trade receivables | 40 | €44,209 | €44,414 | +€206 | +0.5% |
| Other amounts receivable | 41 | €3,861 | €3,239 | -€623 | -16.1% |
| Cash at bank and in hand | 54/58 | €11,070 | €20,911 | +€9,841 | +88.9% |
| Deferred charges and accrued income | 490/1 | - | €1,062 | +€1,062 | |
| Total equity and liabilities | 10/49 | €63,013 | €75,499 | +€12,485 | +19.8% |
| Equity | 10/15 | -€6,436 | -€2,801 | +€3,635 | +56.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,896 | -€23,261 | +€3,635 | +13.5% |
| Amounts payable | 17/49 | €69,449 | €78,300 | +€8,850 | +12.7% |
| Amounts payable after more than one year | 17 | €3,877 | €18,003 | +€14,126 | +364% |
| Financial debts | 170/4 | €3,877 | €18,003 | +€14,126 | +364% |
| Amounts payable within one year | 42/48 | €65,572 | €60,297 | -€5,276 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €12,203 | €14,826 | +€2,623 | +21.5% |
| Financial debts | 43 | €3,106 | €6 | -€3,100 | -99.8% |
| Credit institutions | 430/8 | €3,106 | €6 | -€3,100 | -99.8% |
| Trade debts | 44 | €42,187 | €22,299 | -€19,888 | -47.1% |
| Suppliers | 440/4 | €42,187 | €22,299 | -€19,888 | -47.1% |
| Advances received on contracts in progress | 46 | €928 | €13,484 | +€12,556 | +1,352% |
| Taxes, remuneration and social security | 45 | €6,803 | €9,337 | +€2,534 | +37.2% |
| Taxes | 450/3 | €5,584 | €7,905 | +€2,321 | +41.6% |
| Remuneration and social security | 454/9 | €1,219 | €1,432 | +€213 | +17.5% |
| Other amounts payable | 47/48 | €345 | €345 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,044 | €1,904 | -€140 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,176 | €1,000 | -€176 | -15.0% |
| Other operating charges | 640/8 | €9,569 | €8,339 | -€1,230 | -12.9% |
| Non-recurring operating charges | 66A | €5,716 | - | -€5,716 | |
| Gross operating margin | 9900 | €43,859 | €16,911 | -€26,947 | -61.4% |
| Operating profit (loss) | 9901 | €25,354 | €5,669 | -€19,686 | -77.6% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €2,043 | €2,059 | +€16 | +0.8% |
| Recurring financial charges | 65 | €2,043 | €2,059 | +€16 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €23,311 | €3,635 | -€19,676 | -84.4% |
| Income taxes | 67/77 | €422 | - | -€422 | |
| Profit (loss) for the period | 9904 | €22,890 | €3,635 | -€19,254 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,890 | €3,635 | -€19,254 | -84.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.