WELLMAN: 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.
WELLMAN
Largest movements
- Cash -€130,558
down €130,558 (-99.7%), from €130,932 to €374
mainly Receivables within one year (-€109,233) and Net result for the year (-€23,611)
- Receivables within one year +€109,233
up €109,233 (+227.6%), from €47,984 to €157,217
of which Trade receivables: +€69,719
- Profit (loss) carried forward -€23,611
down €23,611 (-15.5%), from €152,605 to €128,994
- Other debts +€9,025
up €9,025, from €0 to €9,025
- Gross operating margin -€38,592
down €38,592, from €15,461 to -€23,130
- Financial income +€575
up €575 (+11808.6%), from €5 to €580
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 | €323,060 | €304,311 | -€18,750 | -5.8% |
| Fixed assets | 21/28 | €144,140 | €146,140 | +€2,000 | +1.4% |
| Financial fixed assets | 28 | €144,140 | €146,140 | +€2,000 | +1.4% |
| Current assets | 29/58 | €178,920 | €158,171 | -€20,750 | -11.6% |
| Amounts receivable within one year | 40/41 | €47,984 | €157,217 | +€109,233 | +227.6% |
| Trade receivables | 40 | €45,498 | €115,217 | +€69,719 | +153.2% |
| Other amounts receivable | 41 | €2,486 | €42,000 | +€39,514 | +1589.4% |
| Cash at bank and in hand | 54/58 | €130,932 | €374 | -€130,558 | -99.7% |
| Deferred charges and accrued income | 490/1 | €5 | €580 | +€575 | +11808.6% |
| Total equity and liabilities | 10/49 | €323,060 | €304,311 | -€18,750 | -5.8% |
| Equity | 10/15 | €157,605 | €133,994 | -€23,611 | -15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,605 | €128,994 | -€23,611 | -15.5% |
| Amounts payable | 17/49 | €165,455 | €170,316 | +€4,861 | +2.9% |
| Amounts payable within one year | 42/48 | €163,242 | €170,130 | +€6,888 | +4.2% |
| Trade debts | 44 | €163,242 | €161,105 | -€2,137 | -1.3% |
| Suppliers | 440/4 | €163,242 | €161,105 | -€2,137 | -1.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €9,025 | +€9,025 | |
| Accrued charges and deferred income | 492/3 | €2,213 | €186 | -€2,026 | -91.6% |
| Remuneration, social security and pensions | 62 | €31 | €0 | -€31 | -100.0% |
| Other operating charges | 640/8 | €638 | €654 | +€16 | +2.5% |
| Gross operating margin | 9900 | €15,461 | -€23,130 | -€38,592 | |
| Operating profit (loss) | 9901 | €14,793 | -€23,784 | -€38,577 | |
| Financial income | 75/76B | €5 | €580 | +€575 | +11808.6% |
| Recurring financial income | 75 | €5 | €580 | +€575 | +11808.6% |
| Financial charges | 65/66B | €245 | €407 | +€162 | +66.4% |
| Recurring financial charges | 65 | €245 | €407 | +€162 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €14,553 | -€23,611 | -€38,164 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €14,553 | -€23,611 | -€38,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,553 | -€23,611 | -€38,164 |
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 29 September 2026 via checked.be.