WELLE 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.
WELLE SERVICES
Largest movements
- Tangible fixed assets -€7,438
down €7,438 (-50.0%), from €14,876 to €7,438
- Cash -€3,144
down €3,144 (-66.3%), from €4,743 to €1,599
mainly Trade debts (-€4,135) and Other debts (-€3,014)
- Deferred charges and accrued income +€1,077
up €1,077 (+362.3%), from €297 to €1,374
- Trade debts -€4,135
down €4,135 (-47.7%), from €8,664 to €4,529
- Other debts -€3,014
no longer reported in 2025 (was €3,014)
- Profit (loss) carried forward -€1,863
down €1,863 (-73.6%), from -€2,530 to -€4,393
- Tax, wage and social debts -€495
down €495 (-64.4%), from €769 to €274
- Gross operating margin -€13,565
down €13,565 (-43.8%), from €30,987 to €17,422
- Financial charges -€12,718
down €12,718 (-52.3%), from €24,338 to €11,620
- Other operating charges -€1,514
down €1,514 (-87.0%), from €1,741 to €227
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 | €19,916 | €10,411 | -€9,506 | -47.7% |
| Fixed assets | 21/28 | €14,876 | €7,438 | -€7,438 | -50.0% |
| Tangible fixed assets | 22/27 | €14,876 | €7,438 | -€7,438 | -50.0% |
| Furniture and vehicles | 24 | €14,876 | €7,438 | -€7,438 | -50.0% |
| Current assets | 29/58 | €5,040 | €2,973 | -€2,068 | -41.0% |
| Cash at bank and in hand | 54/58 | €4,743 | €1,599 | -€3,144 | -66.3% |
| Deferred charges and accrued income | 490/1 | €297 | €1,374 | +€1,077 | +362.3% |
| Total equity and liabilities | 10/49 | €19,916 | €10,411 | -€9,506 | -47.7% |
| Equity | 10/15 | €7,470 | €5,607 | -€1,863 | -24.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,530 | -€4,393 | -€1,863 | -73.6% |
| Amounts payable | 17/49 | €12,446 | €4,803 | -€7,643 | -61.4% |
| Amounts payable within one year | 42/48 | €12,446 | €4,803 | -€7,643 | -61.4% |
| Trade debts | 44 | €8,664 | €4,529 | -€4,135 | -47.7% |
| Suppliers | 440/4 | €8,664 | €4,529 | -€4,135 | -47.7% |
| Taxes, remuneration and social security | 45 | €769 | €274 | -€495 | -64.4% |
| Taxes | 450/3 | €769 | €274 | -€495 | -64.4% |
| Other amounts payable | 47/48 | €3,014 | - | -€3,014 | |
| Non-recurring operating income | 76A | - | €7,174 | +€7,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,438 | €7,438 | = | 0.0% |
| Other operating charges | 640/8 | €1,741 | €227 | -€1,514 | -87.0% |
| Gross operating margin | 9900 | €30,987 | €17,422 | -€13,565 | -43.8% |
| Operating profit (loss) | 9901 | €21,808 | €9,757 | -€12,051 | -55.3% |
| Financial charges | 65/66B | €24,338 | €11,620 | -€12,718 | -52.3% |
| Recurring financial charges | 65 | €24,338 | €11,620 | -€12,718 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,530 | -€1,863 | +€667 | +26.4% |
| Profit (loss) for the period | 9904 | -€2,530 | -€1,863 | +€667 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,530 | -€1,863 | +€667 | +26.4% |
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 6 October 2026 via checked.be.