WELLNOVATION: 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.
WELLNOVATION
Largest movements
- Receivables within one year -€49,717
down €49,717 (-23.4%), from €212,188 to €162,472
of which Trade receivables: -€43,500
- Cash +€6,725
up €6,725 (+191%), from €3,516 to €10,241
mainly Other debts (+€88,334) and Depreciation (+€60,259)
- Intangible fixed assets -€4,510
down €4,510 (-2.5%), from €178,889 to €174,379
- Reserves -€156,460
down €156,460 (-99.4%), from €157,460 to €1,000
of which Distributable reserves: -€156,460
- Other debts +€88,334
up €88,334 (+42.1%), from €210,015 to €298,348
- Short-term financial debts +€9,743
new in 2025: €9,743
- Trade debts +€6,977
up €6,977 (+214%), from €3,255 to €10,232
- Gross operating margin +€22,229
up €22,229 (+43.1%), from €51,578 to €73,807
- Depreciation +€11,565
up €11,565 (+23.8%), from €48,694 to €60,259
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 | €394,593 | €347,091 | -€47,502 | -12.0% |
| Fixed assets | 21/28 | €178,889 | €174,379 | -€4,510 | -2.5% |
| Intangible fixed assets | 21 | €178,889 | €174,379 | -€4,510 | -2.5% |
| Current assets | 29/58 | €215,704 | €172,712 | -€42,992 | -19.9% |
| Amounts receivable within one year | 40/41 | €212,188 | €162,472 | -€49,717 | -23.4% |
| Trade receivables | 40 | €82,000 | €38,500 | -€43,500 | -53.0% |
| Other amounts receivable | 41 | €130,188 | €123,972 | -€6,217 | -4.8% |
| Cash at bank and in hand | 54/58 | €3,516 | €10,241 | +€6,725 | +191% |
| Total equity and liabilities | 10/49 | €394,593 | €347,091 | -€47,502 | -12.0% |
| Equity | 10/15 | €177,460 | €21,000 | -€156,460 | -88.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €157,460 | €1,000 | -€156,460 | -99.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €157,460 | €1,000 | -€156,460 | -99.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €217,134 | €326,091 | +€108,958 | +50.2% |
| Amounts payable within one year | 42/48 | €217,134 | €326,091 | +€108,958 | +50.2% |
| Financial debts | 43 | - | €9,743 | +€9,743 | |
| Credit institutions | 430/8 | - | €9,743 | +€9,743 | |
| Trade debts | 44 | €3,255 | €10,232 | +€6,977 | +214% |
| Suppliers | 440/4 | €3,255 | €10,232 | +€6,977 | +214% |
| Taxes, remuneration and social security | 45 | €3,864 | €7,767 | +€3,904 | +101% |
| Taxes | 450/3 | €3,864 | €7,767 | +€3,904 | +101% |
| Other amounts payable | 47/48 | €210,015 | €298,348 | +€88,334 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,694 | €60,259 | +€11,565 | +23.8% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €51,578 | €73,807 | +€22,229 | +43.1% |
| Operating profit (loss) | 9901 | €2,435 | €13,086 | +€10,652 | +437% |
| Financial charges | 65/66B | €1,006 | €490 | -€517 | -51.3% |
| Recurring financial charges | 65 | €1,006 | €490 | -€517 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €1,429 | €12,597 | +€11,168 | +782% |
| Income taxes | 67/77 | €0 | €57 | +€57 | |
| Profit (loss) for the period | 9904 | €1,429 | €12,540 | +€11,112 | +778% |
| Profit (loss) for the period to be appropriated | 9905 | €1,429 | €12,540 | +€11,112 | +778% |
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 26 October 2026 via checked.be.