WelLB-bizz: 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.
WelLB-bizz
Largest movements
- Cash -€12,071
down €12,071 (-20.2%), from €59,772 to €47,701
mainly Contributions, distributions and other (-€27,822) and Trade debts (-€2,538)
- Tangible fixed assets -€3,303
down €3,303 (-14.0%), from €23,518 to €20,215
- Reserves -€13,096
down €13,096 (-20.6%), from €63,604 to €50,507
- Trade debts -€2,538
down €2,538 (-46.7%), from €5,431 to €2,893
- Debts after one year +€1,225
up €1,225 (+56.1%), from €2,185 to €3,409
- Gross operating margin -€2,753
down €2,753 (-7.9%), from €34,824 to €32,071
- Depreciation +€2,342
up €2,342 (+67.3%), from €3,482 to €5,824
- Other operating charges -€1,000
down €1,000 (-34.1%), from €2,936 to €1,936
- Taxes -€739
down €739 (-7.2%), from €10,252 to €9,513
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 | €93,345 | €78,028 | -€15,317 | -16.4% |
| Fixed assets | 21/28 | €23,518 | €20,215 | -€3,303 | -14.0% |
| Tangible fixed assets | 22/27 | €23,518 | €20,215 | -€3,303 | -14.0% |
| Furniture and vehicles | 24 | €23,518 | €20,215 | -€3,303 | -14.0% |
| Current assets | 29/58 | €69,827 | €57,813 | -€12,014 | -17.2% |
| Amounts receivable within one year | 40/41 | €9,140 | €9,606 | +€466 | +5.1% |
| Trade receivables | 40 | €9,140 | €9,606 | +€466 | +5.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €59,772 | €47,701 | -€12,071 | -20.2% |
| Deferred charges and accrued income | 490/1 | €915 | €506 | -€409 | -44.7% |
| Total equity and liabilities | 10/49 | €93,345 | €78,028 | -€15,317 | -16.4% |
| Equity | 10/15 | €82,196 | €69,099 | -€13,096 | -15.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €63,604 | €50,507 | -€13,096 | -20.6% |
| Distributable reserves | 133 | €63,604 | €50,507 | -€13,096 | -20.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,149 | €8,928 | -€2,221 | -19.9% |
| Amounts payable after more than one year | 17 | €2,185 | €3,409 | +€1,225 | +56.1% |
| Other amounts payable | 178/9 | €2,185 | €3,409 | +€1,225 | +56.1% |
| Amounts payable within one year | 42/48 | €8,965 | €5,519 | -€3,446 | -38.4% |
| Trade debts | 44 | €5,431 | €2,893 | -€2,538 | -46.7% |
| Suppliers | 440/4 | €5,431 | €2,893 | -€2,538 | -46.7% |
| Taxes, remuneration and social security | 45 | €3,534 | €2,626 | -€908 | -25.7% |
| Taxes | 450/3 | €3,534 | €2,626 | -€908 | -25.7% |
| Non-recurring operating income | 76A | €0 | €55 | +€55 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,482 | €5,824 | +€2,342 | +67.3% |
| Other operating charges | 640/8 | €2,936 | €1,936 | -€1,000 | -34.1% |
| Gross operating margin | 9900 | €34,824 | €32,071 | -€2,753 | -7.9% |
| Operating profit (loss) | 9901 | €28,406 | €24,311 | -€4,095 | -14.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €87 | €72 | -€15 | -17.2% |
| Recurring financial charges | 65 | €87 | €72 | -€15 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €28,319 | €24,239 | -€4,080 | -14.4% |
| Income taxes | 67/77 | €10,252 | €9,513 | -€739 | -7.2% |
| Profit (loss) for the period | 9904 | €18,067 | €14,726 | -€3,341 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,067 | €14,726 | -€3,341 | -18.5% |
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.