WELIMA: 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.
WELIMA
Largest movements
- Tangible fixed assets +€292,009
up €292,009 (+10,512%), from €2,778 to €294,787
of which Land and buildings: +€293,151
- Stocks and contracts -€279,952
down €279,952 (-43.3%), from €646,201 to €366,249
- Cash -€16,658
down €16,658 (-98.6%), from €16,895 to €237
mainly Investment in fixed assets (net) (-€301,264) and Net result for the year (-€54,557)
- Debts after one year +€60,408
up €60,408 (+14.6%), from €414,592 to €475,000
- Profit (loss) carried forward -€54,557
down €54,557 (-86.7%), from -€62,947 to -€117,503
- Taxes -€8,019
down €8,019, from €4,019 to -€4,000
- Financial charges -€7,192
down €7,192 (-26.1%), from €27,601 to €20,409
- Depreciation +€6,891
up €6,891 (+292%), from €2,364 to €9,255
- Gross operating margin -€3,880
down €3,880 (-16.1%), from -€24,172 to -€28,053
- Other operating charges -€1,176
down €1,176 (-58.2%), from €2,020 to €844
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 | €666,243 | €662,666 | -€3,576 | -0.5% |
| Fixed assets | 21/28 | €2,999 | €295,008 | +€292,009 | +9,737% |
| Tangible fixed assets | 22/27 | €2,778 | €294,787 | +€292,009 | +10,512% |
| Land and buildings | 22 | - | €293,151 | +€293,151 | |
| Furniture and vehicles | 24 | - | €1,201 | +€1,201 | |
| Other tangible fixed assets | 26 | €2,778 | €435 | -€2,343 | -84.3% |
| Financial fixed assets | 28 | €221 | €221 | = | 0.0% |
| Current assets | 29/58 | €663,244 | €367,658 | -€295,586 | -44.6% |
| Stocks and contracts in progress | 3 | €646,201 | €366,249 | -€279,952 | -43.3% |
| Stocks | 30/36 | €646,201 | €366,249 | -€279,952 | -43.3% |
| Amounts receivable within one year | 40/41 | - | €578 | +€578 | |
| Trade receivables | 40 | - | €562 | +€562 | |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €16,895 | €237 | -€16,658 | -98.6% |
| Deferred charges and accrued income | 490/1 | €148 | €594 | +€446 | +302% |
| Total equity and liabilities | 10/49 | €666,243 | €662,666 | -€3,576 | -0.5% |
| Equity | 10/15 | €19,725 | -€34,831 | -€54,557 | |
| Contributions | 10/11 | €46,200 | €46,200 | = | 0.0% |
| Reserves | 13 | €36,472 | €36,472 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,620 | €4,620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,620 | €4,620 | = | 0.0% |
| Distributable reserves | 133 | €31,852 | €31,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,947 | -€117,503 | -€54,557 | -86.7% |
| Amounts payable | 17/49 | €646,517 | €697,497 | +€50,980 | +7.9% |
| Amounts payable after more than one year | 17 | €414,592 | €475,000 | +€60,408 | +14.6% |
| Financial debts | 170/4 | €414,592 | €475,000 | +€60,408 | +14.6% |
| Amounts payable within one year | 42/48 | €231,925 | €222,497 | -€9,428 | -4.1% |
| Financial debts | 43 | - | €149 | +€149 | |
| Credit institutions | 430/8 | - | €149 | +€149 | |
| Trade debts | 44 | €5,981 | €1,752 | -€4,228 | -70.7% |
| Suppliers | 440/4 | €5,981 | €1,752 | -€4,228 | -70.7% |
| Taxes, remuneration and social security | 45 | €4,693 | €483 | -€4,210 | -89.7% |
| Taxes | 450/3 | €4,693 | €483 | -€4,210 | -89.7% |
| Other amounts payable | 47/48 | €221,252 | €220,113 | -€1,139 | -0.5% |
| Non-recurring operating income | 76A | €41,087 | - | -€41,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,364 | €9,255 | +€6,891 | +292% |
| Other operating charges | 640/8 | €2,020 | €844 | -€1,176 | -58.2% |
| Gross operating margin | 9900 | -€24,172 | -€28,053 | -€3,880 | -16.1% |
| Operating profit (loss) | 9901 | -€28,556 | -€38,151 | -€9,595 | -33.6% |
| Financial income | 75/76B | €75 | €4 | -€71 | -95.3% |
| Recurring financial income | 75 | €75 | €4 | -€71 | -95.3% |
| Financial charges | 65/66B | €27,601 | €20,409 | -€7,192 | -26.1% |
| Recurring financial charges | 65 | €27,601 | €20,409 | -€7,192 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€56,082 | -€58,557 | -€2,475 | -4.4% |
| Income taxes | 67/77 | €4,019 | -€4,000 | -€8,019 | |
| Profit (loss) for the period | 9904 | -€60,101 | -€54,557 | +€5,544 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,101 | -€54,557 | +€5,544 | +9.2% |
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 16 October 2026 via checked.be.