Wellens Construct: what changed
What changed
Wellens Construct
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€20,705
2024 · -€31,444+€52,149
Equity
€176,720
2024 · €156,015+€20,705
Cash
€344
2024 · €8,386-€8,042
Balance sheet total
€1.1m
2024 · €1.0m+€97,500
Largest movements
Assets
- Stocks and contracts +€113,707
up €113,707 (+11.7%), from €971,930 to €1.1m
Equity and liabilities
- Other debts +€302,416
up €302,416 (+233%), from €129,706 to €432,121
- Short-term financial debts -€227,000
down €227,000 (-38.5%), from €589,000 to €362,000
of which Other loans: -€230,000
- Reserves +€20,705
up €20,705 (+15.1%), from €137,415 to €158,120
Income statement
- Gross operating margin +€36,750
up €36,750 (+173%), from €21,250 to €58,000
- Financial charges -€15,351
down €15,351 (-29.8%), from €51,455 to €36,104
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€31,444
Gross operating margin
+€36,750
Other operating charges
+€47
Financial income
+€0
Financial charges
+€15,351
Result 2025
€20,705
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€218,958
Investment
€0
Financing
-€227,000
Cash 2024
€8,386
From operations (derived)
+€218,958
Net result for the year
+€20,705
Stocks and contracts
-€113,707
Receivables within one year
+€8,165
Trade debts
-€350
Tax, wage and social debts
+€1,729
Other debts
+€302,416
Financing
-€227,000
Short-term financial debts
-€227,000
Cash 2025
€344
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,455 | €1,107,955 | +€97,500 | +9.6% |
| Current assets | 29/58 | €1,010,455 | €1,107,955 | +€97,500 | +9.6% |
| Stocks and contracts in progress | 3 | €971,930 | €1,085,637 | +€113,707 | +11.7% |
| Stocks | 30/36 | €971,930 | €1,085,637 | +€113,707 | +11.7% |
| Amounts receivable within one year | 40/41 | €30,139 | €21,974 | -€8,165 | -27.1% |
| Trade receivables | 40 | €21,650 | €8,285 | -€13,365 | -61.7% |
| Other amounts receivable | 41 | €8,489 | €13,689 | +€5,200 | +61.3% |
| Cash at bank and in hand | 54/58 | €8,386 | €344 | -€8,042 | -95.9% |
| Total equity and liabilities | 10/49 | €1,010,455 | €1,107,955 | +€97,500 | +9.6% |
| Equity | 10/15 | €156,015 | €176,720 | +€20,705 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,415 | €158,120 | +€20,705 | +15.1% |
| Distributable reserves | 133 | €137,415 | €158,120 | +€20,705 | +15.1% |
| Amounts payable | 17/49 | €854,440 | €931,235 | +€76,795 | +9.0% |
| Amounts payable after more than one year | 17 | €130,000 | €130,000 | = | 0.0% |
| Financial debts | 170/4 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €724,440 | €801,235 | +€76,795 | +10.6% |
| Financial debts | 43 | €589,000 | €362,000 | -€227,000 | -38.5% |
| Credit institutions | 430/8 | €359,000 | €362,000 | +€3,000 | +0.8% |
| Other loans | 439 | €230,000 | €0 | -€230,000 | -100% |
| Trade debts | 44 | €4,702 | €4,352 | -€350 | -7.4% |
| Suppliers | 440/4 | €4,702 | €4,352 | -€350 | -7.4% |
| Taxes, remuneration and social security | 45 | €1,033 | €2,761 | +€1,729 | +167% |
| Taxes | 450/3 | €1,033 | €2,761 | +€1,729 | +167% |
| Other amounts payable | 47/48 | €129,706 | €432,121 | +€302,416 | +233% |
| Non-recurring operating income | 76A | €27,000 | €66,990 | +€39,990 | +148% |
| Other operating charges | 640/8 | €1,238 | €1,191 | -€47 | -3.8% |
| Gross operating margin | 9900 | €21,250 | €58,000 | +€36,750 | +173% |
| Operating profit (loss) | 9901 | €20,012 | €56,809 | +€36,798 | +184% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €51,455 | €36,104 | -€15,351 | -29.8% |
| Recurring financial charges | 65 | €51,455 | €36,104 | -€15,351 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,444 | €20,705 | +€52,149 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€31,444 | €20,705 | +€52,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,444 | €20,705 | +€52,149 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.