WELICA: 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.
WELICA
Largest movements
- Financial fixed assets +€4.2m
up €4.2m (+84.7%), from €5.0m to €9.2m
- Current investments -€4.2m
down €4.2m (-80.4%), from €5.2m to €1.0m
- Cash -€356,898
down €356,898 (-70.2%), from €508,721 to €151,824
mainly Investment in fixed assets (net) (-€4.2m) and Receivables within one year (-€281,573)
- Receivables within one year +€281,573
up €281,573 (+9.8%), from €2.9m to €3.2m
of which Other amounts receivable: +€293,251
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€607,924
up €607,924 (+233%), from €261,128 to €869,053
- Taxes +€333,988
up €333,988 (+579%), from €57,688 to €391,676
- Financial charges +€262,268
up €262,268 (+338%), from €77,708 to €339,976
- Gross operating margin -€167,443
down €167,443, from €49,403 to -€118,039
- Depreciation +€5,211
up €5,211 (+132%), from €3,959 to €9,170
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.
Derived cash bridge
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 | €13,716,215 | €13,653,721 | -€62,494 | -0.5% |
| Fixed assets | 21/28 | €5,044,300 | €9,248,055 | +€4.2m | +83.3% |
| Tangible fixed assets | 22/27 | €79,030 | €77,177 | -€1,853 | -2.3% |
| Furniture and vehicles | 24 | €79,030 | €77,177 | -€1,853 | -2.3% |
| Financial fixed assets | 28 | €4,965,270 | €9,170,878 | +€4.2m | +84.7% |
| Current assets | 29/58 | €8,671,915 | €4,405,666 | -€4.3m | -49.2% |
| Amounts receivable within one year | 40/41 | €2,878,743 | €3,160,316 | +€281,573 | +9.8% |
| Trade receivables | 40 | €11,799 | €121 | -€11,678 | -99.0% |
| Other amounts receivable | 41 | €2,866,945 | €3,160,196 | +€293,251 | +10.2% |
| Current investments | 50/53 | €5,213,964 | €1,021,999 | -€4.2m | -80.4% |
| Cash at bank and in hand | 54/58 | €508,721 | €151,824 | -€356,898 | -70.2% |
| Deferred charges and accrued income | 490/1 | €70,487 | €71,527 | +€1,040 | +1.5% |
| Total equity and liabilities | 10/49 | €13,716,215 | €13,653,721 | -€62,494 | -0.5% |
| Equity | 10/15 | €12,776,371 | €12,778,322 | +€1,952 | 0.0% |
| Contributions | 10/11 | €2,251,500 | €2,251,500 | = | 0.0% |
| Capital | 10 | €2,251,500 | €2,251,500 | = | 0.0% |
| Issued capital | 100 | €2,251,500 | €2,251,500 | = | 0.0% |
| Reserves | 13 | €10,518,700 | €10,518,800 | +€100 | 0.0% |
| Non-distributable reserves | 130/1 | €168,700 | €168,800 | +€100 | +0.1% |
| Legal reserve | 130 | €168,700 | €168,800 | +€100 | +0.1% |
| Distributable reserves | 133 | €10,350,000 | €10,350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,171 | €8,022 | +€1,852 | +30.0% |
| Amounts payable | 17/49 | €939,845 | €875,399 | -€64,446 | -6.9% |
| Amounts payable after more than one year | 17 | €900,000 | €850,000 | -€50,000 | -5.6% |
| Financial debts | 170/4 | €900,000 | €850,000 | -€50,000 | -5.6% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,296 | €25,399 | -€11,897 | -31.9% |
| Trade debts | 44 | €16,050 | €20,920 | +€4,870 | +30.3% |
| Suppliers | 440/4 | €16,050 | €20,920 | +€4,870 | +30.3% |
| Taxes, remuneration and social security | 45 | €7,100 | €0 | -€7,100 | -100% |
| Taxes | 450/3 | €7,100 | €0 | -€7,100 | -100% |
| Other amounts payable | 47/48 | €14,145 | €4,479 | -€9,666 | -68.3% |
| Accrued charges and deferred income | 492/3 | €2,549 | €0 | -€2,549 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,959 | €9,170 | +€5,211 | +132% |
| Other operating charges | 640/8 | €2,606 | €1,092 | -€1,514 | -58.1% |
| Non-recurring operating charges | 66A | - | €7,148 | +€7,148 | |
| Gross operating margin | 9900 | €49,403 | -€118,039 | -€167,443 | |
| Operating profit (loss) | 9901 | €42,839 | -€135,449 | -€178,288 | |
| Financial income | 75/76B | €261,128 | €869,053 | +€607,924 | +233% |
| Recurring financial income | 75 | €261,128 | €869,053 | +€607,924 | +233% |
| Financial charges | 65/66B | €77,708 | €339,976 | +€262,268 | +338% |
| Recurring financial charges | 65 | €77,708 | €339,976 | +€262,268 | +338% |
| Profit (loss) for the period before taxes | 9903 | €226,259 | €393,628 | +€167,369 | +74.0% |
| Income taxes | 67/77 | €57,688 | €391,676 | +€333,988 | +579% |
| Profit (loss) for the period | 9904 | €168,571 | €1,952 | -€166,620 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €168,571 | €1,952 | -€166,620 | -98.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.