WELLEMAN: 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.
WELLEMAN
Largest movements
- Cash +€87,259
up €87,259 (+271.4%), from €32,153 to €119,412
mainly Receivables within one year (+€60,245) and Depreciation (+€20,218)
- Receivables within one year -€60,245
down €60,245 (-37.7%), from €159,858 to €99,613
of which Other amounts receivable: -€32,119
- Tangible fixed assets -€19,275
down €19,275 (-11.2%), from €172,170 to €152,894
of which Land and buildings: -€11,280
- Short-term financial debts -€16,738
down €16,738 (-100.0%), from €16,738 to €0
- Other debts +€15,471
up €15,471 (+14.4%), from €107,178 to €122,649
- Reserves +€10,398
up €10,398 (+6.4%), from €163,305 to €173,703
- Debts after one year -€10,098
down €10,098 (-20.5%), from €49,241 to €39,144
- Trade debts +€4,493
up €4,493 (+16.5%), from €27,191 to €31,685
- Gross operating margin +€21,725
up €21,725 (+99.9%), from €21,747 to €43,472
- Depreciation -€7,469
down €7,469 (-27.0%), from €27,686 to €20,218
- Taxes +€4,072
up €4,072, from €0 to €4,072
- Financial charges -€2,473
down €2,473 (-37.1%), from €6,666 to €4,193
- Other operating charges +€943
up €943 (+25.9%), from €3,649 to €4,592
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 | €369,181 | €376,920 | +€7,739 | +2.1% |
| Fixed assets | 21/28 | €177,170 | €157,894 | -€19,275 | -10.9% |
| Tangible fixed assets | 22/27 | €172,170 | €152,894 | -€19,275 | -11.2% |
| Land and buildings | 22 | €148,521 | €137,241 | -€11,280 | -7.6% |
| Plant, machinery and equipment | 23 | €7,450 | €4,326 | -€3,124 | -41.9% |
| Furniture and vehicles | 24 | €16,198 | €11,327 | -€4,871 | -30.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €192,011 | €219,026 | +€27,014 | +14.1% |
| Amounts receivable within one year | 40/41 | €159,858 | €99,613 | -€60,245 | -37.7% |
| Trade receivables | 40 | €117,627 | €89,501 | -€28,126 | -23.9% |
| Other amounts receivable | 41 | €42,231 | €10,112 | -€32,119 | -76.1% |
| Cash at bank and in hand | 54/58 | €32,153 | €119,412 | +€87,259 | +271.4% |
| Total equity and liabilities | 10/49 | €369,181 | €376,920 | +€7,739 | +2.1% |
| Equity | 10/15 | €158,875 | €169,273 | +€10,398 | +6.5% |
| Contributions | 10/11 | €19,944 | €19,944 | = | 0.0% |
| Reserves | 13 | €163,305 | €173,703 | +€10,398 | +6.4% |
| Distributable reserves | 133 | €163,305 | €173,703 | +€10,398 | +6.4% |
| Profit (loss) carried forward | 14 | -€24,375 | -€24,375 | = | 0.0% |
| Amounts payable | 17/49 | €210,306 | €207,647 | -€2,659 | -1.3% |
| Amounts payable after more than one year | 17 | €49,241 | €39,144 | -€10,098 | -20.5% |
| Financial debts | 170/4 | €49,241 | €39,144 | -€10,098 | -20.5% |
| Amounts payable within one year | 42/48 | €161,065 | €168,503 | +€7,439 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €9,958 | €10,098 | +€140 | +1.4% |
| Financial debts | 43 | €16,738 | €0 | -€16,738 | -100.0% |
| Credit institutions | 430/8 | €16,738 | €0 | -€16,738 | -100.0% |
| Trade debts | 44 | €27,191 | €31,685 | +€4,493 | +16.5% |
| Suppliers | 440/4 | €27,191 | €31,685 | +€4,493 | +16.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €4,072 | +€4,072 | |
| Taxes | 450/3 | €0 | €4,072 | +€4,072 | |
| Other amounts payable | 47/48 | €107,178 | €122,649 | +€15,471 | +14.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,686 | €20,218 | -€7,469 | -27.0% |
| Other operating charges | 640/8 | €3,649 | €4,592 | +€943 | +25.9% |
| Gross operating margin | 9900 | €21,747 | €43,472 | +€21,725 | +99.9% |
| Operating profit (loss) | 9901 | -€9,588 | €18,662 | +€28,250 | |
| Financial income | 75/76B | €50 | €0 | -€50 | -100.0% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100.0% |
| Financial charges | 65/66B | €6,666 | €4,193 | -€2,473 | -37.1% |
| Recurring financial charges | 65 | €6,666 | €4,193 | -€2,473 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,204 | €14,469 | +€30,673 | |
| Income taxes | 67/77 | €0 | €4,072 | +€4,072 | |
| Profit (loss) for the period | 9904 | -€16,204 | €10,398 | +€26,602 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,204 | €10,398 | +€26,602 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.