WELL & GOOD: 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 & GOOD
Largest movements
- Cash +€12,397
up €12,397 (+51.5%), from €24,079 to €36,476
mainly Net result for the year (+€17,821) and Tax, wage and social debts (+€8,971)
- Stocks and contracts +€7,808
up €7,808 (+150%), from €5,219 to €13,027
- Profit (loss) carried forward +€17,821
up €17,821 (+146%), from €12,196 to €30,017
- Tax, wage and social debts +€8,971
up €8,971 (+338%), from €2,657 to €11,628
of which Taxes: +€8,071
- Trade debts -€7,237
down €7,237 (-65.6%), from €11,037 to €3,800
- Other debts +€650
up €650 (+16.8%), from €3,866 to €4,516
- Gross operating margin +€45,899
up €45,899 (+569%), from €8,072 to €53,971
- Staff costs +€25,830
new in 2025: €25,830
- Turnover +€24,699
up €24,699 (+6.0%), from €414,582 to €439,281
- Purchases and services -€21,200
down €21,200 (-5.2%), from €406,510 to €385,310
- Taxes +€4,455
new in 2025: €4,455
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 | €32,096 | €52,301 | +€20,205 | +63.0% |
| Fixed assets | 21/28 | €598 | €598 | = | 0.0% |
| Tangible fixed assets | 22/27 | €598 | €598 | = | 0.0% |
| Furniture and vehicles | 24 | €16 | €16 | = | 0.0% |
| Leasing and similar rights | 25 | €582 | €582 | = | 0.0% |
| Current assets | 29/58 | €31,498 | €51,703 | +€20,205 | +64.1% |
| Stocks and contracts in progress | 3 | €5,219 | €13,027 | +€7,808 | +150% |
| Stocks | 30/36 | €5,219 | €13,027 | +€7,808 | +150% |
| Amounts receivable within one year | 40/41 | €2,200 | €2,200 | = | 0.0% |
| Other amounts receivable | 41 | €2,200 | €2,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,079 | €36,476 | +€12,397 | +51.5% |
| Total equity and liabilities | 10/49 | €32,096 | €52,301 | +€20,205 | +63.0% |
| Equity | 10/15 | €14,536 | €32,357 | +€17,821 | +123% |
| Contributions | 10/11 | €2,200 | €2,200 | = | 0.0% |
| Contributions outside capital | 11 | €2,200 | - | -€2,200 | |
| Share premium | 1100/10 | €2,200 | - | -€2,200 | |
| Reserves | 13 | €140 | €140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140 | €140 | = | 0.0% |
| Legal reserve | 130 | €140 | - | -€140 | |
| Reserves not available under the articles | 1311 | - | €140 | +€140 | |
| Profit (loss) carried forward | 14 | €12,196 | €30,017 | +€17,821 | +146% |
| Amounts payable | 17/49 | €17,560 | €19,944 | +€2,384 | +13.6% |
| Amounts payable within one year | 42/48 | €17,560 | €19,944 | +€2,384 | +13.6% |
| Trade debts | 44 | €11,037 | €3,800 | -€7,237 | -65.6% |
| Suppliers | 440/4 | €11,037 | €3,800 | -€7,237 | -65.6% |
| Taxes, remuneration and social security | 45 | €2,657 | €11,628 | +€8,971 | +338% |
| Taxes | 450/3 | €2,657 | €10,728 | +€8,071 | +304% |
| Remuneration and social security | 454/9 | - | €900 | +€900 | |
| Other amounts payable | 47/48 | €3,866 | €4,516 | +€650 | +16.8% |
| Turnover | 70 | €414,582 | €439,281 | +€24,699 | +6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €406,510 | €385,310 | -€21,200 | -5.2% |
| Remuneration, social security and pensions | 62 | - | €25,830 | +€25,830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | - | -€838 | |
| Other operating charges | 640/8 | €2,930 | €5,477 | +€2,547 | +86.9% |
| Gross operating margin | 9900 | €8,072 | €53,971 | +€45,899 | +569% |
| Operating profit (loss) | 9901 | €4,304 | €22,664 | +€18,360 | +427% |
| Financial charges | 65/66B | €363 | €388 | +€25 | +6.9% |
| Recurring financial charges | 65 | €363 | €388 | +€25 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €3,941 | €22,276 | +€18,335 | +465% |
| Income taxes | 67/77 | - | €4,455 | +€4,455 | |
| Profit (loss) for the period | 9904 | €3,941 | €17,821 | +€13,880 | +352% |
| Profit (loss) for the period to be appropriated | 9905 | €3,941 | €17,821 | +€13,880 | +352% |
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.