WELLS-BORLART: 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.
WELLS-BORLART
Largest movements
- Cash +€14,108
up €14,108 (+39.0%), from €36,147 to €50,254
mainly Net result for the year (+€13,349) and Trade debts (+€1,641)
- Reserves +€13,000
up €13,000 (+65.0%), from €20,000 to €33,000
- Trade debts +€1,641
up €1,641 (+4,280%), from €38 to €1,679
- Tax, wage and social debts -€911
down €911 (-41.2%), from €2,211 to €1,300
- Gross operating margin +€7,450
up €7,450 (+67.8%), from €10,988 to €18,438
- Taxes +€3,538
up €3,538 (+241%), from €1,471 to €5,009
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 | €41,170 | €55,249 | +€14,079 | +34.2% |
| Current assets | 29/58 | €41,170 | €55,249 | +€14,079 | +34.2% |
| Amounts receivable within one year | 40/41 | €1,513 | €1,518 | +€5 | +0.4% |
| Trade receivables | 40 | €1,513 | - | -€1,513 | |
| Other amounts receivable | 41 | - | €1,518 | +€1,518 | |
| Cash at bank and in hand | 54/58 | €36,147 | €50,254 | +€14,108 | +39.0% |
| Deferred charges and accrued income | 490/1 | €3,511 | €3,476 | -€35 | -1.0% |
| Total equity and liabilities | 10/49 | €41,170 | €55,249 | +€14,079 | +34.2% |
| Equity | 10/15 | €38,920 | €52,269 | +€13,349 | +34.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €33,000 | +€13,000 | +65.0% |
| Distributable reserves | 133 | €20,000 | €33,000 | +€13,000 | +65.0% |
| Profit (loss) carried forward | 14 | €13,920 | €14,269 | +€349 | +2.5% |
| Amounts payable | 17/49 | €2,249 | €2,979 | +€730 | +32.4% |
| Amounts payable within one year | 42/48 | €2,249 | €2,979 | +€730 | +32.4% |
| Trade debts | 44 | €38 | €1,679 | +€1,641 | +4,280% |
| Suppliers | 440/4 | €38 | €1,679 | +€1,641 | +4,280% |
| Taxes, remuneration and social security | 45 | €2,211 | €1,300 | -€911 | -41.2% |
| Taxes | 450/3 | €2,211 | €1,300 | -€911 | -41.2% |
| Other operating charges | 640/8 | €0 | - | -€0 | |
| Gross operating margin | 9900 | €10,988 | €18,438 | +€7,450 | +67.8% |
| Operating profit (loss) | 9901 | €10,988 | €18,438 | +€7,450 | +67.8% |
| Financial charges | 65/66B | €74 | €80 | +€7 | +9.4% |
| Recurring financial charges | 65 | €74 | €80 | +€7 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €10,914 | €18,358 | +€7,443 | +68.2% |
| Income taxes | 67/77 | €1,471 | €5,009 | +€3,538 | +241% |
| Profit (loss) for the period | 9904 | €9,444 | €13,349 | +€3,905 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,444 | €13,349 | +€3,905 | +41.4% |
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.