WELL COMMUNICATIONS: 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 COMMUNICATIONS
Largest movements
- Receivables within one year +€58,990
up €58,990 (+38.3%), from €153,995 to €212,986
of which Other amounts receivable: +€65,224
- Current investments +€3,838
up €3,838 (+23.8%), from €16,157 to €19,995
- Trade debts +€52,276
up €52,276 (+372%), from €14,065 to €66,342
- Short-term financial debts +€19,249
up €19,249 (+99.6%), from €19,332 to €38,581
- Other debts -€4,549
down €4,549 (-35.6%), from €12,793 to €8,244
- Tax, wage and social debts -€4,348
down €4,348 (-96.4%), from €4,511 to €163
of which Taxes: -€3,031
- Gross operating margin -€16,716
down €16,716 (-51.2%), from €32,646 to €15,930
- Staff costs -€9,443
down €9,443, from €9,405 to -€38
- Other operating charges +€4,392
up €4,392 (+334%), from €1,315 to €5,707
- Taxes -€1,863
down €1,863 (-36.1%), from €5,164 to €3,301
- Depreciation -€828
down €828 (-29.5%), from €2,811 to €1,983
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 | €181,868 | €244,767 | +€62,898 | +34.6% |
| Fixed assets | 21/28 | €7,566 | €7,072 | -€494 | -6.5% |
| Tangible fixed assets | 22/27 | €4,816 | €4,322 | -€494 | -10.2% |
| Plant, machinery and equipment | 23 | - | €1,430 | +€1,430 | |
| Furniture and vehicles | 24 | €903 | €324 | -€578 | -64.1% |
| Other tangible fixed assets | 26 | €3,913 | €2,568 | -€1,345 | -34.4% |
| Financial fixed assets | 28 | €2,750 | €2,750 | = | 0.0% |
| Current assets | 29/58 | €174,303 | €237,695 | +€63,392 | +36.4% |
| Amounts receivable within one year | 40/41 | €153,995 | €212,986 | +€58,990 | +38.3% |
| Trade receivables | 40 | €72,876 | €66,642 | -€6,234 | -8.6% |
| Other amounts receivable | 41 | €81,120 | €146,344 | +€65,224 | +80.4% |
| Current investments | 50/53 | €16,157 | €19,995 | +€3,838 | +23.8% |
| Cash at bank and in hand | 54/58 | - | €178 | +€178 | |
| Deferred charges and accrued income | 490/1 | €4,150 | €4,536 | +€386 | +9.3% |
| Total equity and liabilities | 10/49 | €181,868 | €244,767 | +€62,898 | +34.6% |
| Equity | 10/15 | €131,167 | €131,438 | +€270 | +0.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,267 | €110,538 | +€270 | +0.2% |
| Amounts payable | 17/49 | €50,701 | €113,329 | +€62,628 | +124% |
| Amounts payable within one year | 42/48 | €50,701 | €113,329 | +€62,628 | +124% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €19,332 | €38,581 | +€19,249 | +99.6% |
| Credit institutions | 430/8 | €19,332 | €38,581 | +€19,249 | +99.6% |
| Trade debts | 44 | €14,065 | €66,342 | +€52,276 | +372% |
| Suppliers | 440/4 | €14,065 | €66,342 | +€52,276 | +372% |
| Taxes, remuneration and social security | 45 | €4,511 | €163 | -€4,348 | -96.4% |
| Taxes | 450/3 | €3,194 | €163 | -€3,031 | -94.9% |
| Remuneration and social security | 454/9 | €1,318 | €0 | -€1,318 | -100% |
| Other amounts payable | 47/48 | €12,793 | €8,244 | -€4,549 | -35.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100% |
| Remuneration, social security and pensions | 62 | €9,405 | -€38 | -€9,443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,811 | €1,983 | -€828 | -29.5% |
| Other operating charges | 640/8 | €1,315 | €5,707 | +€4,392 | +334% |
| Gross operating margin | 9900 | €32,646 | €15,930 | -€16,716 | -51.2% |
| Operating profit (loss) | 9901 | €19,115 | €8,278 | -€10,837 | -56.7% |
| Financial income | 75/76B | €590 | €56 | -€533 | -90.4% |
| Recurring financial income | 75 | €590 | €56 | -€533 | -90.4% |
| Financial charges | 65/66B | €4,436 | €4,763 | +€327 | +7.4% |
| Recurring financial charges | 65 | €4,436 | €4,763 | +€327 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €15,268 | €3,571 | -€11,697 | -76.6% |
| Income taxes | 67/77 | €5,164 | €3,301 | -€1,863 | -36.1% |
| Profit (loss) for the period | 9904 | €10,104 | €270 | -€9,834 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,104 | €270 | -€9,834 | -97.3% |
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 24 October 2026 via checked.be.