WELLITE: 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.
WELLITE
Largest movements
- Cash -€72,765
down €72,765 (-68.0%), from €107,055 to €34,290
mainly Contributions, distributions and other (-€102,777) and Investment in fixed assets (net) (-€31,056)
- Reserves -€54,742
down €54,742 (-34.7%), from €157,691 to €102,949
- Profit (loss) carried forward -€30,551
down €30,551 (-2.1%), from €1.4m to €1.4m
- Gross operating margin -€15,749
down €15,749 (-17.4%), from €90,392 to €74,642
- Taxes -€4,131
down €4,131 (-41.5%), from €9,954 to €5,823
- Other operating charges +€2,265
up €2,265 (+35.5%), from €6,379 to €8,644
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 | €1,632,568 | €1,554,086 | -€78,482 | -4.8% |
| Fixed assets | 21/28 | €1,038,646 | €1,026,514 | -€12,133 | -1.2% |
| Tangible fixed assets | 22/27 | €1,036,976 | €1,024,844 | -€12,133 | -1.2% |
| Land and buildings | 22 | €1,027,711 | €1,020,195 | -€7,516 | -0.7% |
| Plant, machinery and equipment | 23 | €4,346 | €3,823 | -€524 | -12.0% |
| Furniture and vehicles | 24 | €4,919 | €826 | -€4,092 | -83.2% |
| Financial fixed assets | 28 | €1,670 | €1,670 | = | 0.0% |
| Current assets | 29/58 | €593,921 | €527,572 | -€66,349 | -11.2% |
| Amounts receivable within one year | 40/41 | €4,397 | €8,861 | +€4,464 | +102% |
| Other amounts receivable | 41 | €4,397 | €8,861 | +€4,464 | +102% |
| Current investments | 50/53 | €470,686 | €462,752 | -€7,935 | -1.7% |
| Cash at bank and in hand | 54/58 | €107,055 | €34,290 | -€72,765 | -68.0% |
| Deferred charges and accrued income | 490/1 | €11,783 | €21,669 | +€9,887 | +83.9% |
| Total equity and liabilities | 10/49 | €1,632,568 | €1,554,086 | -€78,482 | -4.8% |
| Equity | 10/15 | €1,613,871 | €1,528,579 | -€85,292 | -5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €157,691 | €102,949 | -€54,742 | -34.7% |
| Distributable reserves | 133 | €157,691 | €102,949 | -€54,742 | -34.7% |
| Profit (loss) carried forward | 14 | €1,443,781 | €1,413,230 | -€30,551 | -2.1% |
| Amounts payable | 17/49 | €18,696 | €25,507 | +€6,811 | +36.4% |
| Amounts payable within one year | 42/48 | €18,696 | €25,507 | +€6,811 | +36.4% |
| Trade debts | 44 | €2,088 | €10,365 | +€8,277 | +396% |
| Suppliers | 440/4 | €2,088 | €10,365 | +€8,277 | +396% |
| Taxes, remuneration and social security | 45 | €3,503 | €4,526 | +€1,023 | +29.2% |
| Taxes | 450/3 | €3,503 | €4,526 | +€1,023 | +29.2% |
| Other amounts payable | 47/48 | €13,105 | €10,616 | -€2,490 | -19.0% |
| Non-recurring operating income | 76A | - | €24,075 | +€24,075 | |
| Remuneration, social security and pensions | 62 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,429 | €43,189 | -€240 | -0.6% |
| Other operating charges | 640/8 | €6,379 | €8,644 | +€2,265 | +35.5% |
| Gross operating margin | 9900 | €90,392 | €74,642 | -€15,749 | -17.4% |
| Operating profit (loss) | 9901 | €40,583 | €22,800 | -€17,784 | -43.8% |
| Financial income | 75/76B | - | €588 | +€588 | |
| Recurring financial income | 75 | - | €588 | +€588 | |
| Financial charges | 65/66B | €79 | €80 | +€1 | +1.6% |
| Recurring financial charges | 65 | €79 | €80 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €40,504 | €23,307 | -€17,197 | -42.5% |
| Income taxes | 67/77 | €9,954 | €5,823 | -€4,131 | -41.5% |
| Profit (loss) for the period | 9904 | €30,551 | €17,485 | -€13,066 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,551 | €17,485 | -€13,066 | -42.8% |
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 15 October 2026 via checked.be.