WELL BELGIUM: 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.
WELL BELGIUM
Largest movements
- Cash -€114,959
down €114,959 (-47.1%), from €244,191 to €129,232
mainly Deferred charges and accrued income (-€67,614) and Trade debts (-€44,838)
- Deferred charges and accrued income +€67,614
up €67,614 (+48.4%), from €139,691 to €207,304
- Receivables within one year +€6,547
up €6,547 (+721%), from €908 to €7,454
- Trade debts -€44,838
down €44,838 (-13.5%), from €332,599 to €287,761
- Other debts -€14,885
down €14,885 (-37.3%), from €39,885 to €25,000
- Profit (loss) carried forward +€14,885
up €14,885 (+282%), from €5,269 to €20,154
- Turnover -€415,749
no longer reported in 2025 (was €415,749)
- Purchases and services -€375,297
no longer reported in 2025 (was €375,297)
- Gross operating margin +€13,988
up €13,988 (+34.6%), from €40,452 to €54,440
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 | €388,918 | €347,295 | -€41,623 | -10.7% |
| Formation expenses | 20 | €4,029 | €3,204 | -€824 | -20.5% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €384,789 | €343,991 | -€40,799 | -10.6% |
| Amounts receivable within one year | 40/41 | €908 | €7,454 | +€6,547 | +721% |
| Other amounts receivable | 41 | €908 | €7,454 | +€6,547 | +721% |
| Cash at bank and in hand | 54/58 | €244,191 | €129,232 | -€114,959 | -47.1% |
| Deferred charges and accrued income | 490/1 | €139,691 | €207,304 | +€67,614 | +48.4% |
| Total equity and liabilities | 10/49 | €388,918 | €347,295 | -€41,623 | -10.7% |
| Equity | 10/15 | €11,269 | €26,154 | +€14,885 | +132% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,269 | €20,154 | +€14,885 | +282% |
| Amounts payable | 17/49 | €377,649 | €321,141 | -€56,508 | -15.0% |
| Amounts payable within one year | 42/48 | €374,574 | €318,581 | -€55,993 | -14.9% |
| Trade debts | 44 | €332,599 | €287,761 | -€44,838 | -13.5% |
| Suppliers | 440/4 | €332,599 | €287,761 | -€44,838 | -13.5% |
| Taxes, remuneration and social security | 45 | €2,090 | €5,820 | +€3,731 | +179% |
| Taxes | 450/3 | €2,090 | €5,820 | +€3,731 | +179% |
| Other amounts payable | 47/48 | €39,885 | €25,000 | -€14,885 | -37.3% |
| Accrued charges and deferred income | 492/3 | €3,075 | €2,560 | -€515 | -16.7% |
| Turnover | 70 | €415,749 | - | -€415,749 | |
| Goods, raw materials, services and sundry goods | 60/61 | €375,297 | - | -€375,297 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93 | €824 | +€731 | +783% |
| Gross operating margin | 9900 | €40,452 | €54,440 | +€13,988 | +34.6% |
| Operating profit (loss) | 9901 | €40,359 | €53,616 | +€13,257 | +32.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €40,359 | €53,616 | +€13,257 | +32.8% |
| Income taxes | 67/77 | €10,090 | €13,731 | +€3,641 | +36.1% |
| Profit (loss) for the period | 9904 | €30,269 | €39,885 | +€9,616 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,269 | €39,885 | +€9,616 | +31.8% |
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 25 October 2026 via checked.be.