WELLENS: 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.
WELLENS
Largest movements
- Tangible fixed assets -€2,462
down €2,462 (-44.5%), from €5,533 to €3,072
- Deferred charges and accrued income -€2,320
down €2,320 (-58.6%), from €3,958 to €1,638
- Receivables within one year -€2,124
down €2,124 (-15.0%), from €14,157 to €12,033
of which Trade receivables: -€3,017
- Profit (loss) carried forward -€71,593
down €71,593, from €14,443 to -€57,150
- Other debts +€41,849
up €41,849 (+1,641,125%), from €3 to €41,851
- Tax, wage and social debts +€11,956
up €11,956 (+1,043%), from €1,146 to €13,102
of which Remuneration and social security: +€12,950
- Advances received +€11,140
new in 2025: €11,140
- Current portion of long-term debt -€1,284
down €1,284 (-100%), from €1,284 to €0
- Gross operating margin -€82,138
down €82,138, from €23,690 to -€58,448
- Taxes -€4,647
down €4,647 (-96.8%), from €4,799 to €152
- Financial charges +€1,153
up €1,153 (+58.3%), from €1,978 to €3,132
- Depreciation +€858
up €858 (+53.5%), from €1,603 to €2,462
- Other operating charges -€657
down €657 (-75.9%), from €866 to €209
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.
Derived cash bridge
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 | €32,238 | €25,380 | -€6,858 | -21.3% |
| Fixed assets | 21/28 | €5,533 | €3,072 | -€2,462 | -44.5% |
| Tangible fixed assets | 22/27 | €5,533 | €3,072 | -€2,462 | -44.5% |
| Furniture and vehicles | 24 | €5,533 | €3,072 | -€2,462 | -44.5% |
| Current assets | 29/58 | €26,705 | €22,308 | -€4,397 | -16.5% |
| Amounts receivable within one year | 40/41 | €14,157 | €12,033 | -€2,124 | -15.0% |
| Trade receivables | 40 | €14,157 | €11,140 | -€3,017 | -21.3% |
| Other amounts receivable | 41 | - | €893 | +€893 | |
| Cash at bank and in hand | 54/58 | €8,590 | €8,638 | +€47 | +0.6% |
| Deferred charges and accrued income | 490/1 | €3,958 | €1,638 | -€2,320 | -58.6% |
| Total equity and liabilities | 10/49 | €32,238 | €25,380 | -€6,858 | -21.3% |
| Equity | 10/15 | €28,050 | -€43,543 | -€71,593 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,107 | €11,107 | = | 0.0% |
| Distributable reserves | 133 | €11,107 | €11,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,443 | -€57,150 | -€71,593 | |
| Amounts payable | 17/49 | €4,189 | €68,923 | +€64,735 | +1,545% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,930 | €68,861 | +€64,932 | +1,652% |
| Current portion of amounts payable after more than one year | 42 | €1,284 | €0 | -€1,284 | -100% |
| Financial debts | 43 | €20 | €411 | +€391 | +2,006% |
| Credit institutions | 430/8 | €20 | €411 | +€391 | +2,006% |
| Trade debts | 44 | €1,477 | €2,357 | +€880 | +59.6% |
| Suppliers | 440/4 | €1,477 | €2,357 | +€880 | +59.6% |
| Advances received on contracts in progress | 46 | - | €11,140 | +€11,140 | |
| Taxes, remuneration and social security | 45 | €1,146 | €13,102 | +€11,956 | +1,043% |
| Taxes | 450/3 | €1,146 | €152 | -€994 | -86.7% |
| Remuneration and social security | 454/9 | €0 | €12,950 | +€12,950 | |
| Other amounts payable | 47/48 | €3 | €41,851 | +€41,849 | +1,641,125% |
| Accrued charges and deferred income | 492/3 | €259 | €62 | -€197 | -76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,603 | €2,462 | +€858 | +53.5% |
| Other operating charges | 640/8 | €866 | €209 | -€657 | -75.9% |
| Non-recurring operating charges | 66A | - | €7,192 | +€7,192 | |
| Gross operating margin | 9900 | €23,690 | -€58,448 | -€82,138 | |
| Operating profit (loss) | 9901 | €21,220 | -€68,311 | -€89,531 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +4,800% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +4,800% |
| Financial charges | 65/66B | €1,978 | €3,132 | +€1,153 | +58.3% |
| Recurring financial charges | 65 | €1,978 | €3,132 | +€1,153 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €19,242 | -€71,441 | -€90,683 | |
| Income taxes | 67/77 | €4,799 | €152 | -€4,647 | -96.8% |
| Profit (loss) for the period | 9904 | €14,443 | -€71,593 | -€86,036 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,443 | -€71,593 | -€86,036 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.