WELIN: 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.
WELIN
Largest movements
- Stocks and contracts +€18,955
up €18,955 (+359.2%), from €5,277 to €24,232
- Cash -€14,190
down €14,190 (-38.4%), from €36,937 to €22,747
- Receivables within one year +€12,363
up €12,363 (+44.0%), from €28,106 to €40,469
of which Other amounts receivable: +€12,906
- Intangible fixed assets +€4,562
new in 2023: €4,562
- Tangible fixed assets -€2,836
down €2,836 (-92.3%), from €3,071 to €236
of which Plant, machinery and equipment: -€1,580
- Trade debts +€15,463
up €15,463 (+186.1%), from €8,308 to €23,771
- Profit (loss) carried forward +€11,422
up €11,422 (+27.0%), from €42,302 to €53,724
- Tax, wage and social debts -€7,830
down €7,830 (-57.1%), from €13,701 to €5,871
of which Taxes: -€9,542
- Gross operating margin +€19,955
up €19,955 (+294.4%), from €6,777 to €26,733
- Staff costs +€13,305
new in 2023: €13,305
- Financial charges +€4,045
up €4,045 (+1642.3%), from €246 to €4,292
- Other operating charges -€1,159
down €1,159 (-91.6%), from €1,266 to €106
- Taxes +€639
up €639 (+55.7%), from €1,147 to €1,786
From the 2021 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,391 | €92,447 | +€19,055 | +26.0% |
| Fixed assets | 21/28 | €3,071 | €4,797 | +€1,726 | +56.2% |
| Intangible fixed assets | 21 | - | €4,562 | +€4,562 | |
| Tangible fixed assets | 22/27 | €3,071 | €236 | -€2,836 | -92.3% |
| Plant, machinery and equipment | 23 | €1,816 | €236 | -€1,580 | -87.0% |
| Furniture and vehicles | 24 | €1,256 | €0 | -€1,256 | -100.0% |
| Current assets | 29/58 | €70,320 | €87,649 | +€17,330 | +24.6% |
| Stocks and contracts in progress | 3 | €5,277 | €24,232 | +€18,955 | +359.2% |
| Stocks | 30/36 | €5,277 | €24,232 | +€18,955 | +359.2% |
| Amounts receivable within one year | 40/41 | €28,106 | €40,469 | +€12,363 | +44.0% |
| Trade receivables | 40 | €24,597 | €24,055 | -€542 | -2.2% |
| Other amounts receivable | 41 | €3,509 | €16,415 | +€12,906 | +367.8% |
| Cash at bank and in hand | 54/58 | €36,937 | €22,747 | -€14,190 | -38.4% |
| Deferred charges and accrued income | 490/1 | - | €201 | +€201 | |
| Total equity and liabilities | 10/49 | €73,391 | €92,447 | +€19,055 | +26.0% |
| Equity | 10/15 | €48,669 | €60,091 | +€11,422 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167 | €167 | = | 0.0% |
| Non-distributable reserves | 130/1 | €167 | €167 | = | 0.0% |
| Reserves not available under the articles | 1311 | €167 | €167 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,302 | €53,724 | +€11,422 | +27.0% |
| Amounts payable | 17/49 | €24,722 | €32,356 | +€7,633 | +30.9% |
| Amounts payable within one year | 42/48 | €22,009 | €29,642 | +€7,633 | +34.7% |
| Trade debts | 44 | €8,308 | €23,771 | +€15,463 | +186.1% |
| Suppliers | 440/4 | €8,308 | €23,771 | +€15,463 | +186.1% |
| Taxes, remuneration and social security | 45 | €13,701 | €5,871 | -€7,830 | -57.1% |
| Taxes | 450/3 | €13,701 | €4,159 | -€9,542 | -69.6% |
| Remuneration and social security | 454/9 | - | €1,712 | +€1,712 | |
| Accrued charges and deferred income | 492/3 | €2,713 | €2,713 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €13,305 | +€13,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580 | €1,769 | +€190 | +12.0% |
| Other operating charges | 640/8 | €1,266 | €106 | -€1,159 | -91.6% |
| Gross operating margin | 9900 | €6,777 | €26,733 | +€19,955 | +294.4% |
| Operating profit (loss) | 9901 | €3,932 | €11,552 | +€7,620 | +193.8% |
| Financial income | 75/76B | €199 | €804 | +€605 | +304.0% |
| Recurring financial income | 75 | €199 | €804 | +€605 | +304.0% |
| Financial charges | 65/66B | €246 | €4,292 | +€4,045 | +1642.3% |
| Recurring financial charges | 65 | €246 | €4,292 | +€4,045 | +1642.3% |
| Profit (loss) for the period before taxes | 9903 | €3,885 | €8,064 | +€4,179 | +107.6% |
| Income taxes | 67/77 | €1,147 | €1,786 | +€639 | +55.7% |
| Profit (loss) for the period | 9904 | €2,738 | €6,278 | +€3,540 | +129.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,738 | €6,278 | +€3,540 | +129.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.