Well Projects & Services: 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.
Well Projects & Services
Largest movements
- Receivables within one year -€38,586
down €38,586 (-73.9%), from €52,192 to €13,606
of which Trade receivables: -€37,516
- Tangible fixed assets +€16,212
up €16,212 (+2.4%), from €682,743 to €698,954
of which Land and buildings: +€29,858
- Cash +€8,159
up €8,159, from €0 to €8,159
mainly Receivables within one year (+€38,586) and Other debts (+€38,500)
- Profit (loss) carried forward -€42,228
down €42,228, from €39,256 to -€2,972
- Other debts +€38,500
up €38,500 (+1416.7%), from €2,718 to €41,218
- Debts after one year -€36,460
down €36,460 (-6.8%), from €533,587 to €497,127
- Trade debts +€20,995
up €20,995 (+762.1%), from €2,755 to €23,749
- Gross operating margin -€27,705
down €27,705 (-34.6%), from €80,137 to €52,432
- Financial charges +€11,320
up €11,320 (+118.3%), from €9,572 to €20,892
- Taxes -€10,736
down €10,736 (-98.2%), from €10,930 to €194
- Depreciation +€9,336
up €9,336 (+48.8%), from €19,137 to €28,473
- Other operating charges +€3,215
up €3,215 (+258.7%), from €1,243 to €4,458
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.
Cash bridge derived
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 | €735,649 | €722,487 | -€13,162 | -1.8% |
| Fixed assets | 21/28 | €682,743 | €698,954 | +€16,212 | +2.4% |
| Tangible fixed assets | 22/27 | €682,743 | €698,954 | +€16,212 | +2.4% |
| Land and buildings | 22 | €630,867 | €660,725 | +€29,858 | +4.7% |
| Plant, machinery and equipment | 23 | €3,282 | €4,560 | +€1,278 | +39.0% |
| Furniture and vehicles | 24 | €2,200 | €1,555 | -€645 | -29.3% |
| Leasing and similar rights | 25 | €46,395 | €32,114 | -€14,280 | -30.8% |
| Current assets | 29/58 | €52,906 | €23,532 | -€29,373 | -55.5% |
| Amounts receivable within one year | 40/41 | €52,192 | €13,606 | -€38,586 | -73.9% |
| Trade receivables | 40 | €51,122 | €13,606 | -€37,516 | -73.4% |
| Other amounts receivable | 41 | €1,070 | €0 | -€1,070 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €8,159 | +€8,159 | |
| Deferred charges and accrued income | 490/1 | €714 | €1,768 | +€1,054 | +147.7% |
| Total equity and liabilities | 10/49 | €735,649 | €722,487 | -€13,162 | -1.8% |
| Equity | 10/15 | €143,736 | €101,509 | -€42,228 | -29.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99,480 | €99,480 | = | 0.0% |
| Distributable reserves | 133 | €99,480 | €99,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,256 | -€2,972 | -€42,228 | |
| Amounts payable | 17/49 | €591,912 | €620,978 | +€29,066 | +4.9% |
| Amounts payable after more than one year | 17 | €533,587 | €497,127 | -€36,460 | -6.8% |
| Financial debts | 170/4 | €533,587 | €497,127 | -€36,460 | -6.8% |
| Amounts payable within one year | 42/48 | €58,125 | €123,851 | +€65,726 | +113.1% |
| Current portion of amounts payable after more than one year | 42 | €35,344 | €36,460 | +€1,116 | +3.2% |
| Trade debts | 44 | €2,755 | €23,749 | +€20,995 | +762.1% |
| Suppliers | 440/4 | €2,755 | €23,749 | +€20,995 | +762.1% |
| Taxes, remuneration and social security | 45 | €17,308 | €22,424 | +€5,116 | +29.6% |
| Taxes | 450/3 | €14,076 | €12,638 | -€1,438 | -10.2% |
| Remuneration and social security | 454/9 | €3,232 | €9,787 | +€6,554 | +202.8% |
| Other amounts payable | 47/48 | €2,718 | €41,218 | +€38,500 | +1416.7% |
| Accrued charges and deferred income | 492/3 | €200 | €0 | -€200 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,137 | €28,473 | +€9,336 | +48.8% |
| Other operating charges | 640/8 | €1,243 | €4,458 | +€3,215 | +258.7% |
| Non-recurring operating charges | 66A | - | €1,388 | +€1,388 | |
| Gross operating margin | 9900 | €80,137 | €52,432 | -€27,705 | -34.6% |
| Operating profit (loss) | 9901 | €59,758 | €18,114 | -€41,644 | -69.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €9,572 | €20,892 | +€11,320 | +118.3% |
| Recurring financial charges | 65 | €9,572 | €20,892 | +€11,320 | +118.3% |
| Profit (loss) for the period before taxes | 9903 | €50,186 | -€2,778 | -€52,964 | |
| Income taxes | 67/77 | €10,930 | €194 | -€10,736 | -98.2% |
| Profit (loss) for the period | 9904 | €39,256 | -€2,972 | -€42,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,256 | -€2,972 | -€42,228 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.