WELLKIVA: 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.
WELLKIVA
Largest movements
- Tangible fixed assets -€23,954
down €23,954 (-4.6%), from €523,930 to €499,977
of which Land and buildings: -€24,733
- Cash +€16,123
up €16,123 (+69.4%), from €23,246 to €39,369
mainly Depreciation (+€28,419) and Accrued charges and deferred income (+€9,203)
- Debts after one year -€24,855
down €24,855 (-5.7%), from €434,076 to €409,221
- Accrued charges and deferred income +€9,203
up €9,203 (+75.6%), from €12,178 to €21,381
- Gross operating margin +€53,899
up €53,899, from -€4,748 to €49,151
- Depreciation +€20,894
up €20,894 (+278%), from €7,525 to €28,419
- Financial charges +€12,302
up €12,302 (+331%), from €3,722 to €16,024
- Other operating charges +€808
up €808 (+118%), from €687 to €1,495
- Write-downs +€583
new in 2025: €583
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 | €563,479 | €552,762 | -€10,717 | -1.9% |
| Fixed assets | 21/28 | €523,930 | €499,977 | -€23,954 | -4.6% |
| Tangible fixed assets | 22/27 | €523,930 | €499,977 | -€23,954 | -4.6% |
| Land and buildings | 22 | €511,100 | €486,367 | -€24,733 | -4.8% |
| Plant, machinery and equipment | 23 | €4,280 | €3,210 | -€1,070 | -25.0% |
| Furniture and vehicles | 24 | €8,550 | €10,400 | +€1,850 | +21.6% |
| Current assets | 29/58 | €39,549 | €52,785 | +€13,237 | +33.5% |
| Stocks and contracts in progress | 3 | €13,718 | €12,411 | -€1,307 | -9.5% |
| Stocks | 30/36 | €13,718 | €12,411 | -€1,307 | -9.5% |
| Amounts receivable within one year | 40/41 | €2,584 | €1,006 | -€1,579 | -61.1% |
| Trade receivables | 40 | €1,577 | €899 | -€678 | -43.0% |
| Other amounts receivable | 41 | €1,007 | €107 | -€901 | -89.4% |
| Cash at bank and in hand | 54/58 | €23,246 | €39,369 | +€16,123 | +69.4% |
| Total equity and liabilities | 10/49 | €563,479 | €552,762 | -€10,717 | -1.9% |
| Equity | 10/15 | €623 | €3,254 | +€2,631 | +422% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €18,873 | €18,873 | = | 0.0% |
| Distributable reserves | 133 | €18,873 | €18,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,250 | -€16,619 | +€2,631 | +13.7% |
| Amounts payable | 17/49 | €562,856 | €549,508 | -€13,348 | -2.4% |
| Amounts payable after more than one year | 17 | €434,076 | €409,221 | -€24,855 | -5.7% |
| Financial debts | 170/4 | €434,076 | €409,221 | -€24,855 | -5.7% |
| Amounts payable within one year | 42/48 | €116,602 | €118,906 | +€2,304 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €24,004 | €24,855 | +€851 | +3.5% |
| Trade debts | 44 | €2,326 | €608 | -€1,718 | -73.9% |
| Suppliers | 440/4 | €2,326 | €608 | -€1,718 | -73.9% |
| Taxes, remuneration and social security | 45 | €1,800 | €4,480 | +€2,680 | +149% |
| Taxes | 450/3 | - | €2,680 | +€2,680 | |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €88,472 | €88,963 | +€491 | +0.6% |
| Accrued charges and deferred income | 492/3 | €12,178 | €21,381 | +€9,203 | +75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,525 | €28,419 | +€20,894 | +278% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €583 | +€583 | |
| Other operating charges | 640/8 | €687 | €1,495 | +€808 | +118% |
| Gross operating margin | 9900 | -€4,748 | €49,151 | +€53,899 | |
| Operating profit (loss) | 9901 | -€12,960 | €18,655 | +€31,615 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,722 | €16,024 | +€12,302 | +331% |
| Recurring financial charges | 65 | €3,722 | €16,024 | +€12,302 | +331% |
| Profit (loss) for the period before taxes | 9903 | -€16,681 | €2,631 | +€19,312 | |
| Profit (loss) for the period | 9904 | -€16,681 | €2,631 | +€19,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,681 | €2,631 | +€19,312 |
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 25 October 2026 via checked.be.