WELLCO: 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.
WELLCO
Largest movements
- Cash +€152,216
up €152,216 (+122.3%), from €124,511 to €276,727
mainly Trade debts (+€193,352) and Net result for the year (+€100,144)
- Receivables within one year +€127,751
up €127,751 (+152.4%), from €83,801 to €211,552
of which Trade receivables: +€127,764
- Deferred charges and accrued income +€52,030
up €52,030 (+10904.9%), from €477 to €52,507
- Trade debts +€193,352
up €193,352 (+2595.0%), from €7,451 to €200,803
- Profit (loss) carried forward +€100,144
up €100,144 (+65.8%), from €152,165 to €252,309
- Tax, wage and social debts +€37,282
up €37,282 (+89.8%), from €41,504 to €78,786
- Gross operating margin +€9,068
up €9,068 (+7.7%), from €117,726 to €126,794
- Financial income +€3,237
up €3,237 (+3195.1%), from €101 to €3,338
- Taxes +€3,095
up €3,095 (+12.5%), from €24,782 to €27,877
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 | €210,356 | €541,581 | +€331,224 | +157.5% |
| Fixed assets | 21/28 | €1,568 | €795 | -€772 | -49.3% |
| Tangible fixed assets | 22/27 | €1,568 | €795 | -€772 | -49.3% |
| Furniture and vehicles | 24 | €1,568 | €795 | -€772 | -49.3% |
| Current assets | 29/58 | €208,789 | €540,785 | +€331,996 | +159.0% |
| Amounts receivable within one year | 40/41 | €83,801 | €211,552 | +€127,751 | +152.4% |
| Trade receivables | 40 | €83,656 | €211,420 | +€127,764 | +152.7% |
| Other amounts receivable | 41 | €145 | €131 | -€13 | -9.2% |
| Cash at bank and in hand | 54/58 | €124,511 | €276,727 | +€152,216 | +122.3% |
| Deferred charges and accrued income | 490/1 | €477 | €52,507 | +€52,030 | +10904.9% |
| Total equity and liabilities | 10/49 | €210,356 | €541,581 | +€331,224 | +157.5% |
| Equity | 10/15 | €156,065 | €256,209 | +€100,144 | +64.2% |
| Contributions | 10/11 | €3,900 | €3,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,165 | €252,309 | +€100,144 | +65.8% |
| Amounts payable | 17/49 | €54,291 | €285,371 | +€231,080 | +425.6% |
| Amounts payable within one year | 42/48 | €54,291 | €285,371 | +€231,080 | +425.6% |
| Trade debts | 44 | €7,451 | €200,803 | +€193,352 | +2595.0% |
| Suppliers | 440/4 | €7,451 | €200,803 | +€193,352 | +2595.0% |
| Taxes, remuneration and social security | 45 | €41,504 | €78,786 | +€37,282 | +89.8% |
| Taxes | 450/3 | €41,504 | €78,786 | +€37,282 | +89.8% |
| Other amounts payable | 47/48 | €5,336 | €5,782 | +€446 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €772 | +€343 | +79.8% |
| Other operating charges | 640/8 | €452 | €544 | +€92 | +20.3% |
| Gross operating margin | 9900 | €117,726 | €126,794 | +€9,068 | +7.7% |
| Operating profit (loss) | 9901 | €116,844 | €125,478 | +€8,634 | +7.4% |
| Financial income | 75/76B | €101 | €3,338 | +€3,237 | +3195.1% |
| Recurring financial income | 75 | €101 | €3,338 | +€3,237 | +3195.1% |
| Financial charges | 65/66B | €1,046 | €795 | -€251 | -24.0% |
| Recurring financial charges | 65 | €1,046 | €795 | -€251 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €115,899 | €128,021 | +€12,122 | +10.5% |
| Income taxes | 67/77 | €24,782 | €27,877 | +€3,095 | +12.5% |
| Profit (loss) for the period | 9904 | €91,117 | €100,144 | +€9,027 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,117 | €100,144 | +€9,027 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.