WELKHOME: 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.
WELKHOME
Largest movements
- Tangible fixed assets -€9,586
down €9,586 (-47.7%), from €20,086 to €10,500
of which Land and buildings: -€11,037
- Financial fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Receivables within one year +€1,050
up €1,050 (+5.5%), from €19,206 to €20,256
of which Other amounts receivable: +€715
- Tax, wage and social debts -€9,879
down €9,879 (-99.3%), from €9,947 to €68
of which Remuneration and social security: -€9,746
- Profit (loss) carried forward +€5,666
up €5,666 (+19.3%), from -€29,324 to -€23,658
- Current portion of long-term debt -€5,498
no longer reported in 2025 (was €5,498)
- Trade debts -€1,877
down €1,877 (-35.9%), from €5,235 to €3,358
- Gross operating margin +€17,161
up €17,161 (+637%), from €2,696 to €19,857
- Depreciation +€1,106
up €1,106 (+9.6%), from €11,553 to €12,659
- Financial charges -€684
down €684 (-88.4%), from €774 to €90
- Other operating charges +€607
up €607 (+83.4%), from €727 to €1,334
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 | €42,866 | €31,477 | -€11,389 | -26.6% |
| Fixed assets | 21/28 | €23,086 | €10,500 | -€12,586 | -54.5% |
| Tangible fixed assets | 22/27 | €20,086 | €10,500 | -€9,586 | -47.7% |
| Land and buildings | 22 | €18,978 | €7,941 | -€11,037 | -58.2% |
| Furniture and vehicles | 24 | €343 | €2,257 | +€1,914 | +558% |
| Other tangible fixed assets | 26 | €765 | €302 | -€463 | -60.5% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €19,780 | €20,977 | +€1,197 | +6.1% |
| Amounts receivable within one year | 40/41 | €19,206 | €20,256 | +€1,050 | +5.5% |
| Trade receivables | 40 | €19,058 | €19,392 | +€335 | +1.8% |
| Other amounts receivable | 41 | €149 | €864 | +€715 | +481% |
| Cash at bank and in hand | 54/58 | €99 | €197 | +€98 | +98.9% |
| Deferred charges and accrued income | 490/1 | €474 | €524 | +€50 | +10.5% |
| Total equity and liabilities | 10/49 | €42,866 | €31,477 | -€11,389 | -26.6% |
| Equity | 10/15 | €17,504 | €23,170 | +€5,666 | +32.4% |
| Contributions | 10/11 | €24,900 | €24,900 | = | 0.0% |
| Reserves | 13 | €21,928 | €21,928 | +€0 | 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% |
| Distributable reserves | 133 | €20,068 | €20,068 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€29,324 | -€23,658 | +€5,666 | +19.3% |
| Amounts payable | 17/49 | €25,362 | €8,307 | -€17,055 | -67.2% |
| Amounts payable within one year | 42/48 | €25,362 | €8,307 | -€17,055 | -67.2% |
| Current portion of amounts payable after more than one year | 42 | €5,498 | - | -€5,498 | |
| Trade debts | 44 | €5,235 | €3,358 | -€1,877 | -35.9% |
| Suppliers | 440/4 | €5,235 | €3,358 | -€1,877 | -35.9% |
| Taxes, remuneration and social security | 45 | €9,947 | €68 | -€9,879 | -99.3% |
| Taxes | 450/3 | €201 | €68 | -€133 | -66.1% |
| Remuneration and social security | 454/9 | €9,746 | - | -€9,746 | |
| Other amounts payable | 47/48 | €4,681 | €4,881 | +€200 | +4.3% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | - | €108 | +€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,553 | €12,659 | +€1,106 | +9.6% |
| Other operating charges | 640/8 | €727 | €1,334 | +€607 | +83.4% |
| Gross operating margin | 9900 | €2,696 | €19,857 | +€17,161 | +637% |
| Operating profit (loss) | 9901 | -€9,584 | €5,756 | +€15,340 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €774 | €90 | -€684 | -88.4% |
| Recurring financial charges | 65 | €774 | €90 | -€684 | -88.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,358 | €5,666 | +€16,024 | |
| Income taxes | 67/77 | €162 | - | -€162 | |
| Profit (loss) for the period | 9904 | -€10,520 | €5,666 | +€16,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,520 | €5,666 | +€16,186 |
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 31 October 2026 via checked.be.