WeLift: 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.
WeLift
Largest movements
- Receivables within one year -€6.1m
down €6.1m (-81.3%), from €7.5m to €1.4m
of which Trade receivables: -€5.9m
- Financial fixed assets +€4.0m
up €4.0m (+2666.7%), from €150,000 to €4.2m
- Short-term financial debts -€4.0m
down €4.0m (-66.7%), from €6.0m to €2.0m
- Debts after one year +€2.2m
up €2.2m (+18.9%), from €11.6m to €13.8m
- Reserves +€460,689
up €460,689 (+45.2%), from €1.0m to €1.5m
of which Distributable reserves: +€460,689
- Current portion of long-term debt -€431,642
down €431,642 (-18.8%), from €2.3m to €1.9m
- Depreciation +€681,222
up €681,222 (+18.0%), from €3.8m to €4.5m
- Gross operating margin +€171,771
up €171,771 (+3.1%), from €5.6m to €5.7m
- Taxes -€124,628
down €124,628 (-44.6%), from €279,467 to €154,839
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 | €23,494,637 | €21,452,827 | -€2.0m | -8.7% |
| Fixed assets | 21/28 | €15,916,628 | €20,030,753 | +€4.1m | +25.8% |
| Tangible fixed assets | 22/27 | €15,766,628 | €15,880,753 | +€114,125 | +0.7% |
| Plant, machinery and equipment | 23 | €15,766,628 | €15,880,753 | +€114,125 | +0.7% |
| Financial fixed assets | 28 | €150,000 | €4,150,000 | +€4.0m | +2666.7% |
| Current assets | 29/58 | €7,578,009 | €1,422,074 | -€6.2m | -81.2% |
| Amounts receivable within one year | 40/41 | €7,490,194 | €1,400,840 | -€6.1m | -81.3% |
| Trade receivables | 40 | €7,070,648 | €1,212,014 | -€5.9m | -82.9% |
| Other amounts receivable | 41 | €419,546 | €188,827 | -€230,720 | -55.0% |
| Cash at bank and in hand | 54/58 | €87,396 | €11,557 | -€75,839 | -86.8% |
| Deferred charges and accrued income | 490/1 | €419 | €9,677 | +€9,257 | +2207.3% |
| Total equity and liabilities | 10/49 | €23,494,637 | €21,452,827 | -€2.0m | -8.7% |
| Equity | 10/15 | €2,018,882 | €2,479,571 | +€460,689 | +22.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,018,882 | €1,479,571 | +€460,689 | +45.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,018,882 | €1,479,571 | +€460,689 | +45.2% |
| Amounts payable | 17/49 | €21,475,754 | €18,973,255 | -€2.5m | -11.7% |
| Amounts payable after more than one year | 17 | €11,608,301 | €13,804,212 | +€2.2m | +18.9% |
| Financial debts | 170/4 | €11,608,301 | €13,804,212 | +€2.2m | +18.9% |
| Amounts payable within one year | 42/48 | €9,833,334 | €5,155,677 | -€4.7m | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €2,294,807 | €1,863,165 | -€431,642 | -18.8% |
| Financial debts | 43 | €6,000,000 | €2,000,000 | -€4.0m | -66.7% |
| Credit institutions | 430/8 | €6,000,000 | €2,000,000 | -€4.0m | -66.7% |
| Trade debts | 44 | €1,323,517 | €1,201,641 | -€121,876 | -9.2% |
| Suppliers | 440/4 | €1,323,517 | €1,201,641 | -€121,876 | -9.2% |
| Taxes, remuneration and social security | 45 | €215,009 | €90,870 | -€124,139 | -57.7% |
| Taxes | 450/3 | €215,009 | €90,870 | -€124,139 | -57.7% |
| Accrued charges and deferred income | 492/3 | €34,120 | €13,367 | -€20,753 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,786,123 | €4,467,345 | +€681,222 | +18.0% |
| Other operating charges | 640/8 | €413 | €22,293 | +€21,880 | +5292.4% |
| Gross operating margin | 9900 | €5,577,739 | €5,749,510 | +€171,771 | +3.1% |
| Operating profit (loss) | 9901 | €1,791,203 | €1,259,872 | -€531,331 | -29.7% |
| Financial income | 75/76B | €54,106 | €96,816 | +€42,710 | +78.9% |
| Recurring financial income | 75 | €54,106 | €96,816 | +€42,710 | +78.9% |
| Financial charges | 65/66B | €742,383 | €741,160 | -€1,223 | -0.2% |
| Recurring financial charges | 65 | €742,383 | €741,160 | -€1,223 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €1,102,926 | €615,528 | -€487,398 | -44.2% |
| Income taxes | 67/77 | €279,467 | €154,839 | -€124,628 | -44.6% |
| Profit (loss) for the period | 9904 | €823,459 | €460,689 | -€362,770 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €823,459 | €460,689 | -€362,770 | -44.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.