WELLENE: 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.
WELLENE
Largest movements
- Financial fixed assets -€76,065
down €76,065 (-100.0%), from €76,065 to €0
- Receivables within one year -€72,544
down €72,544 (-68.9%), from €105,339 to €32,795
of which Other amounts receivable: -€72,504
- Trade debts -€182,465
down €182,465 (-77.0%), from €237,072 to €54,607
- Profit (loss) carried forward -€117,063
down €117,063 (-272.0%), from -€43,031 to -€160,094
- Debts after one year +€102,308
new in 2025: €102,308
- Purchases and services +€733,200
up €733,200 (+247.5%), from €296,202 to €1.0m
- Turnover +€511,909
up €511,909, from €0 to €511,909
- Financial charges -€29,551
down €29,551 (-72.5%), from €40,758 to €11,207
- Gross operating margin -€18,767
down €18,767 (-21.8%), from -€86,156 to -€104,924
- Financial income -€14,938
down €14,938 (-99.6%), from €15,004 to €66
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 | €4,124,041 | €3,926,822 | -€197,220 | -4.8% |
| Fixed assets | 21/28 | €76,065 | €0 | -€76,065 | -100.0% |
| Financial fixed assets | 28 | €76,065 | €0 | -€76,065 | -100.0% |
| Current assets | 29/58 | €4,047,976 | €3,926,822 | -€121,155 | -3.0% |
| Stocks and contracts in progress | 3 | €3,888,221 | €3,878,705 | -€9,516 | -0.2% |
| Stocks | 30/36 | €3,678,526 | €3,286,960 | -€391,566 | -10.6% |
| Contracts in progress | 37 | €209,695 | €591,745 | +€382,049 | +182.2% |
| Amounts receivable within one year | 40/41 | €105,339 | €32,795 | -€72,544 | -68.9% |
| Trade receivables | 40 | €40 | €0 | -€40 | -100.0% |
| Other amounts receivable | 41 | €105,299 | €32,795 | -€72,504 | -68.9% |
| Cash at bank and in hand | 54/58 | €54,417 | €15,322 | -€39,095 | -71.8% |
| Total equity and liabilities | 10/49 | €4,124,041 | €3,926,822 | -€197,220 | -4.8% |
| Equity | 10/15 | €206,969 | €89,906 | -€117,063 | -56.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,031 | -€160,094 | -€117,063 | -272.0% |
| Amounts payable | 17/49 | €3,917,072 | €3,836,916 | -€80,156 | -2.0% |
| Amounts payable after more than one year | 17 | - | €102,308 | +€102,308 | |
| Other amounts payable | 178/9 | - | €102,308 | +€102,308 | |
| Amounts payable within one year | 42/48 | €3,917,072 | €3,734,607 | -€182,465 | -4.7% |
| Financial debts | 43 | €3,680,000 | €3,680,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,680,000 | €3,680,000 | = | 0.0% |
| Trade debts | 44 | €237,072 | €54,607 | -€182,465 | -77.0% |
| Suppliers | 440/4 | €237,072 | €54,607 | -€182,465 | -77.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €0 | €511,909 | +€511,909 | |
| Non-recurring operating income | 76A | - | €30,520 | +€30,520 | |
| Goods, raw materials, services and sundry goods | 60/61 | €296,202 | €1,029,402 | +€733,200 | +247.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€86,156 | -€104,924 | -€18,767 | -21.8% |
| Operating profit (loss) | 9901 | -€87,124 | -€105,922 | -€18,798 | -21.6% |
| Financial income | 75/76B | €15,004 | €66 | -€14,938 | -99.6% |
| Recurring financial income | 75 | €15,004 | €66 | -€14,938 | -99.6% |
| Financial charges | 65/66B | €40,758 | €11,207 | -€29,551 | -72.5% |
| Recurring financial charges | 65 | €40,758 | €11,207 | -€29,551 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | -€112,878 | -€117,063 | -€4,185 | -3.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€112,878 | -€117,063 | -€4,185 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,878 | -€117,063 | -€4,185 | -3.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.