Wellcon: 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.
Wellcon
Largest movements
- Cash -€7,598
down €7,598 (-40.7%), from €18,667 to €11,068
mainly Net result for the year (-€15,305) and Investment in fixed assets (net) (-€12,023)
- Receivables within one year -€4,681
down €4,681 (-14.9%), from €31,475 to €26,794
of which Other amounts receivable: -€4,422
- Reserves -€15,305
down €15,305 (-8.8%), from €173,861 to €158,556
of which Distributable reserves: -€15,305
- Trade debts +€5,452
new in 2022: €5,452
- Gross operating margin -€5,247
down €5,247 (-47.3%), from €11,098 to €5,852
- Other operating charges +€4,735
up €4,735 (+82.0%), from €5,777 to €10,512
- Depreciation +€2,953
up €2,953 (+39.6%), from €7,452 to €10,405
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,461 | €182,608 | -€9,853 | -5.1% |
| Fixed assets | 21/28 | €90,968 | €92,587 | +€1,619 | +1.8% |
| Tangible fixed assets | 22/27 | €90,968 | €92,572 | +€1,604 | +1.8% |
| Land and buildings | 22 | €90,470 | €92,293 | +€1,824 | +2.0% |
| Plant, machinery and equipment | 23 | €498 | €278 | -€220 | -44.1% |
| Financial fixed assets | 28 | - | €15 | +€15 | |
| Current assets | 29/58 | €101,493 | €90,022 | -€11,471 | -11.3% |
| Amounts receivable within one year | 40/41 | €31,475 | €26,794 | -€4,681 | -14.9% |
| Trade receivables | 40 | €10,051 | €9,791 | -€260 | -2.6% |
| Other amounts receivable | 41 | €21,424 | €17,002 | -€4,422 | -20.6% |
| Current investments | 50/53 | €51,350 | €51,351 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €18,667 | €11,068 | -€7,598 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1 | €809 | +€808 | +74795.4% |
| Total equity and liabilities | 10/49 | €192,461 | €182,608 | -€9,853 | -5.1% |
| Equity | 10/15 | €192,461 | €177,156 | -€15,305 | -8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €173,861 | €158,556 | -€15,305 | -8.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €172,001 | €156,696 | -€15,305 | -8.9% |
| Amounts payable | 17/49 | - | €5,452 | +€5,452 | |
| Amounts payable within one year | 42/48 | - | €5,452 | +€5,452 | |
| Trade debts | 44 | - | €5,452 | +€5,452 | |
| Suppliers | 440/4 | - | €5,452 | +€5,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,452 | €10,405 | +€2,953 | +39.6% |
| Other operating charges | 640/8 | €5,777 | €10,512 | +€4,735 | +82.0% |
| Gross operating margin | 9900 | €11,098 | €5,852 | -€5,247 | -47.3% |
| Operating profit (loss) | 9901 | -€2,131 | -€15,065 | -€12,934 | -606.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €212 | €239 | +€28 | +13.0% |
| Recurring financial charges | 65 | €212 | €239 | +€28 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,342 | -€15,305 | -€12,963 | -553.6% |
| Profit (loss) for the period | 9904 | -€2,342 | -€15,305 | -€12,963 | -553.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,342 | -€15,305 | -€12,963 | -553.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.