WELLFIN: 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.
WELLFIN
Largest movements
- Cash +€44,806
up €44,806 (+166.6%), from €26,903 to €71,709
mainly Net result for the year (+€41,937) and Depreciation (+€14,266)
- Intangible fixed assets -€13,993
down €13,993 (-30.1%), from €46,480 to €32,486
- Receivables within one year -€9,200
down €9,200 (-42.5%), from €21,635 to €12,435
of which Trade receivables: -€9,199
- Profit (loss) carried forward +€41,937
up €41,937, from -€38,115 to €3,822
- Other debts -€25,657
no longer reported in 2025 (was €25,657)
- Tax, wage and social debts +€4,874
new in 2025: €4,874
- Gross operating margin +€5,062
up €5,062 (+9.1%), from €55,859 to €60,922
- Taxes +€4,874
new in 2025: €4,874
- Depreciation -€1,372
down €1,372 (-8.8%), from €15,638 to €14,266
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 | €116,347 | €137,742 | +€21,396 | +18.4% |
| Fixed assets | 21/28 | €47,262 | €32,997 | -€14,266 | -30.2% |
| Intangible fixed assets | 21 | €46,480 | €32,486 | -€13,993 | -30.1% |
| Tangible fixed assets | 22/27 | €783 | €510 | -€272 | -34.8% |
| Furniture and vehicles | 24 | €783 | €510 | -€272 | -34.8% |
| Current assets | 29/58 | €69,084 | €104,745 | +€35,661 | +51.6% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,635 | €12,435 | -€9,200 | -42.5% |
| Trade receivables | 40 | €21,184 | €11,985 | -€9,199 | -43.4% |
| Other amounts receivable | 41 | €451 | €450 | -€1 | -0.3% |
| Cash at bank and in hand | 54/58 | €26,903 | €71,709 | +€44,806 | +166.6% |
| Deferred charges and accrued income | 490/1 | €547 | €601 | +€55 | +10.0% |
| Total equity and liabilities | 10/49 | €116,347 | €137,742 | +€21,396 | +18.4% |
| Equity | 10/15 | €90,640 | €132,577 | +€41,937 | +46.3% |
| Contributions | 10/11 | €117,050 | €117,050 | = | 0.0% |
| Capital | 10 | €117,050 | €117,050 | = | 0.0% |
| Issued capital | 100 | €117,050 | €117,050 | = | 0.0% |
| Reserves | 13 | €11,705 | €11,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,705 | €11,705 | = | 0.0% |
| Legal reserve | 130 | €11,705 | €11,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,115 | €3,822 | +€41,937 | |
| Amounts payable | 17/49 | €25,707 | €5,166 | -€20,541 | -79.9% |
| Amounts payable within one year | 42/48 | €25,657 | €5,116 | -€20,541 | -80.1% |
| Trade debts | 44 | - | €242 | +€242 | |
| Suppliers | 440/4 | - | €242 | +€242 | |
| Taxes, remuneration and social security | 45 | - | €4,874 | +€4,874 | |
| Taxes | 450/3 | - | €4,874 | +€4,874 | |
| Other amounts payable | 47/48 | €25,657 | - | -€25,657 | |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,638 | €14,266 | -€1,372 | -8.8% |
| Other operating charges | 640/8 | €50 | €50 | = | 0.0% |
| Gross operating margin | 9900 | €55,859 | €60,922 | +€5,062 | +9.1% |
| Operating profit (loss) | 9901 | €40,172 | €46,606 | +€6,434 | +16.0% |
| Financial income | 75/76B | €451 | €450 | -€1 | -0.3% |
| Recurring financial income | 75 | €451 | €450 | -€1 | -0.3% |
| Financial charges | 65/66B | €421 | €246 | -€175 | -41.6% |
| Recurring financial charges | 65 | €421 | €246 | -€175 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €40,202 | €46,810 | +€6,608 | +16.4% |
| Income taxes | 67/77 | - | €4,874 | +€4,874 | |
| Profit (loss) for the period | 9904 | €40,202 | €41,937 | +€1,735 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,202 | €41,937 | +€1,735 | +4.3% |
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.