WELL'S CONNECT: 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'S CONNECT
Largest movements
- Tangible fixed assets -€13,892
down €13,892 (-4.7%), from €292,708 to €278,816
- Cash -€3,713
down €3,713 (-8.7%), from €42,613 to €38,901
mainly Debts after one year (-€20,636) and Tax, wage and social debts (-€14,409)
- Debts after one year -€20,636
down €20,636 (-9.5%), from €217,020 to €196,383
- Tax, wage and social debts -€14,409
down €14,409 (-79.2%), from €18,183 to €3,774
- Reserves +€8,600
up €8,600 (+12.6%), from €68,288 to €76,888
of which Distributable reserves: +€8,600
- Other debts +€8,095
up €8,095 (+35.9%), from €22,545 to €30,640
- Gross operating margin +€12,587
up €12,587 (+32.1%), from €39,251 to €51,838
- Other operating charges +€3,949
up €3,949 (+327%), from €1,208 to €5,157
- Financial charges +€3,444
up €3,444 (+24.1%), from €14,271 to €17,715
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 | €361,381 | €340,432 | -€20,949 | -5.8% |
| Fixed assets | 21/28 | €292,708 | €278,816 | -€13,892 | -4.7% |
| Tangible fixed assets | 22/27 | €292,708 | €278,816 | -€13,892 | -4.7% |
| Land and buildings | 22 | €292,708 | €278,816 | -€13,892 | -4.7% |
| Current assets | 29/58 | €68,673 | €61,616 | -€7,057 | -10.3% |
| Amounts receivable within one year | 40/41 | €26,060 | €22,715 | -€3,345 | -12.8% |
| Trade receivables | 40 | €11,001 | €11,089 | +€88 | +0.8% |
| Other amounts receivable | 41 | €15,059 | €11,627 | -€3,432 | -22.8% |
| Cash at bank and in hand | 54/58 | €42,613 | €38,901 | -€3,713 | -8.7% |
| Total equity and liabilities | 10/49 | €361,381 | €340,432 | -€20,949 | -5.8% |
| Equity | 10/15 | €79,791 | €88,391 | +€8,600 | +10.8% |
| Reserves | 13 | €68,288 | €76,888 | +€8,600 | +12.6% |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €50,288 | €58,888 | +€8,600 | +17.1% |
| Profit (loss) carried forward | 14 | €11,502 | €11,502 | = | 0.0% |
| Amounts payable | 17/49 | €281,591 | €252,042 | -€29,549 | -10.5% |
| Amounts payable after more than one year | 17 | €217,020 | €196,383 | -€20,636 | -9.5% |
| Financial debts | 170/4 | €217,020 | €196,383 | -€20,636 | -9.5% |
| Amounts payable within one year | 42/48 | €64,571 | €55,659 | -€8,912 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €19,768 | €20,636 | +€869 | +4.4% |
| Trade debts | 44 | €4,076 | €608 | -€3,468 | -85.1% |
| Suppliers | 440/4 | €4,076 | €608 | -€3,468 | -85.1% |
| Taxes, remuneration and social security | 45 | €18,183 | €3,774 | -€14,409 | -79.2% |
| Taxes | 450/3 | €18,183 | €3,774 | -€14,409 | -79.2% |
| Other amounts payable | 47/48 | €22,545 | €30,640 | +€8,095 | +35.9% |
| Remuneration, social security and pensions | 62 | €2,316 | €2,316 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,422 | €13,892 | +€470 | +3.5% |
| Other operating charges | 640/8 | €1,208 | €5,157 | +€3,949 | +327% |
| Gross operating margin | 9900 | €39,251 | €51,838 | +€12,587 | +32.1% |
| Operating profit (loss) | 9901 | €22,305 | €30,474 | +€8,168 | +36.6% |
| Financial income | 75/76B | €179 | €274 | +€95 | +52.9% |
| Recurring financial income | 75 | €179 | €274 | +€95 | +52.9% |
| Financial charges | 65/66B | €14,271 | €17,715 | +€3,444 | +24.1% |
| Recurring financial charges | 65 | €14,271 | €17,715 | +€3,444 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €8,214 | €13,032 | +€4,819 | +58.7% |
| Income taxes | 67/77 | €3,994 | €4,432 | +€438 | +11.0% |
| Profit (loss) for the period | 9904 | €4,219 | €8,600 | +€4,381 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €4,219 | €8,600 | +€4,381 | +104% |
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 23 October 2026 via checked.be.