Wellekens: 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.
Wellekens
Largest movements
- Cash +€61,696
up €61,696 (+177.6%), from €34,735 to €96,431
mainly Net result for the year (+€61,119) and Tax, wage and social debts (+€13,921)
- Deferred charges and accrued income +€8,685
up €8,685 (+79.0%), from €10,993 to €19,679
- Tangible fixed assets -€5,338
down €5,338 (-19.2%), from €27,828 to €22,490
- Stocks and contracts -€4,778
down €4,778 (-5.3%), from €89,564 to €84,786
- Profit (loss) carried forward +€61,119
up €61,119 (+170.4%), from €35,865 to €96,984
- Tax, wage and social debts +€13,921
up €13,921 (+2203.5%), from €632 to €14,552
- Current portion of long-term debt -€9,726
no longer reported in 2025 (was €9,726)
- Other debts -€4,211
down €4,211 (-22.9%), from €18,396 to €14,185
- Gross operating margin +€71,405
up €71,405 (+314.9%), from €22,673 to €94,078
- Taxes +€19,901
new in 2025: €19,901
- Other operating charges -€9,827
down €9,827 (-83.3%), from €11,804 to €1,977
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 | €173,021 | €233,836 | +€60,816 | +35.1% |
| Fixed assets | 21/28 | €28,653 | €23,314 | -€5,338 | -18.6% |
| Tangible fixed assets | 22/27 | €27,828 | €22,490 | -€5,338 | -19.2% |
| Plant, machinery and equipment | 23 | €27,828 | €22,490 | -€5,338 | -19.2% |
| Financial fixed assets | 28 | €824 | €824 | = | 0.0% |
| Current assets | 29/58 | €144,368 | €210,522 | +€66,154 | +45.8% |
| Stocks and contracts in progress | 3 | €89,564 | €84,786 | -€4,778 | -5.3% |
| Stocks | 30/36 | €89,564 | €84,786 | -€4,778 | -5.3% |
| Amounts receivable within one year | 40/41 | €9,076 | €9,626 | +€550 | +6.1% |
| Trade receivables | 40 | €7,742 | €8,134 | +€393 | +5.1% |
| Other amounts receivable | 41 | €1,334 | €1,492 | +€157 | +11.8% |
| Cash at bank and in hand | 54/58 | €34,735 | €96,431 | +€61,696 | +177.6% |
| Deferred charges and accrued income | 490/1 | €10,993 | €19,679 | +€8,685 | +79.0% |
| Total equity and liabilities | 10/49 | €173,021 | €233,836 | +€60,816 | +35.1% |
| Equity | 10/15 | €126,398 | €187,516 | +€61,119 | +48.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,941 | €71,941 | = | 0.0% |
| Distributable reserves | 133 | €71,941 | €71,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,865 | €96,984 | +€61,119 | +170.4% |
| Amounts payable | 17/49 | €46,623 | €46,320 | -€303 | -0.7% |
| Amounts payable within one year | 42/48 | €45,808 | €44,542 | -€1,266 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €9,726 | - | -€9,726 | |
| Trade debts | 44 | €17,054 | €15,805 | -€1,249 | -7.3% |
| Suppliers | 440/4 | €17,054 | €15,805 | -€1,249 | -7.3% |
| Taxes, remuneration and social security | 45 | €632 | €14,552 | +€13,921 | +2203.5% |
| Taxes | 450/3 | €632 | €14,552 | +€13,921 | +2203.5% |
| Other amounts payable | 47/48 | €18,396 | €14,185 | -€4,211 | -22.9% |
| Accrued charges and deferred income | 492/3 | €816 | €1,778 | +€963 | +118.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,387 | €10,563 | -€825 | -7.2% |
| Other operating charges | 640/8 | €11,804 | €1,977 | -€9,827 | -83.3% |
| Gross operating margin | 9900 | €22,673 | €94,078 | +€71,405 | +314.9% |
| Operating profit (loss) | 9901 | -€518 | €81,538 | +€82,057 | |
| Financial income | 75/76B | €61 | - | -€61 | |
| Recurring financial income | 75 | €61 | - | -€61 | |
| Financial charges | 65/66B | €958 | €518 | -€440 | -45.9% |
| Recurring financial charges | 65 | €958 | €518 | -€440 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,416 | €81,020 | +€82,436 | |
| Income taxes | 67/77 | - | €19,901 | +€19,901 | |
| Profit (loss) for the period | 9904 | -€1,416 | €61,119 | +€62,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,416 | €61,119 | +€62,535 |
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 7 October 2026 via checked.be.