WELLSTRALER: 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.
WELLSTRALER
Largest movements
- Cash -€1.8m
down €1.8m (-45.6%), from €4.0m to €2.2m
mainly Receivables within one year (-€1.4m) and Other debts (-€904,018)
- Receivables within one year +€1.4m
up €1.4m (+227%), from €631,299 to €2.1m
of which Other amounts receivable: +€1.4m
- Stocks and contracts -€306,228
down €306,228 (-10.9%), from €2.8m to €2.5m
- Tangible fixed assets -€235,081
down €235,081 (-10.5%), from €2.2m to €2.0m
of which Land and buildings: -€160,329
- Other debts -€904,018
down €904,018 (-62.4%), from €1.4m to €544,714
- Reserves +€119,008
up €119,008 (+1.6%), from €7.5m to €7.7m
of which Distributable reserves: +€119,008
- Staff costs +€98,788
up €98,788 (+5.6%), from €1.8m to €1.9m
- Gross operating margin +€86,841
up €86,841 (+3.9%), from €2.2m to €2.3m
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 | €9,689,534 | €8,755,032 | -€934,502 | -9.6% |
| Fixed assets | 21/28 | €2,247,457 | €2,012,377 | -€235,081 | -10.5% |
| Tangible fixed assets | 22/27 | €2,247,457 | €2,012,377 | -€235,081 | -10.5% |
| Land and buildings | 22 | €2,138,163 | €1,977,834 | -€160,329 | -7.5% |
| Plant, machinery and equipment | 23 | €58,689 | €29,113 | -€29,575 | -50.4% |
| Furniture and vehicles | 24 | €50,606 | €5,429 | -€45,177 | -89.3% |
| Current assets | 29/58 | €7,442,077 | €6,742,655 | -€699,422 | -9.4% |
| Stocks and contracts in progress | 3 | €2,808,299 | €2,502,071 | -€306,228 | -10.9% |
| Stocks | 30/36 | €2,808,299 | €2,502,071 | -€306,228 | -10.9% |
| Amounts receivable within one year | 40/41 | €631,299 | €2,066,321 | +€1.4m | +227% |
| Trade receivables | 40 | €601,974 | €621,262 | +€19,288 | +3.2% |
| Other amounts receivable | 41 | €29,325 | €1,445,059 | +€1.4m | +4,828% |
| Cash at bank and in hand | 54/58 | €3,999,478 | €2,174,263 | -€1.8m | -45.6% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €9,689,534 | €8,755,032 | -€934,502 | -9.6% |
| Equity | 10/15 | €7,783,132 | €7,902,140 | +€119,008 | +1.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €7,533,132 | €7,652,140 | +€119,008 | +1.6% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €7,508,132 | €7,627,140 | +€119,008 | +1.6% |
| Amounts payable | 17/49 | €1,906,402 | €852,892 | -€1.1m | -55.3% |
| Amounts payable within one year | 42/48 | €1,906,402 | €852,892 | -€1.1m | -55.3% |
| Trade debts | 44 | €148,250 | €75,359 | -€72,891 | -49.2% |
| Suppliers | 440/4 | €148,250 | €75,359 | -€72,891 | -49.2% |
| Taxes, remuneration and social security | 45 | €309,420 | €232,819 | -€76,602 | -24.8% |
| Taxes | 450/3 | €151,797 | €67,597 | -€84,200 | -55.5% |
| Remuneration and social security | 454/9 | €157,623 | €165,222 | +€7,599 | +4.8% |
| Other amounts payable | 47/48 | €1,448,732 | €544,714 | -€904,018 | -62.4% |
| Remuneration, social security and pensions | 62 | €1,760,414 | €1,859,202 | +€98,788 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,071 | €217,036 | -€7,035 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,457 | - | +€2,457 | |
| Other operating charges | 640/8 | €72,986 | €67,338 | -€5,648 | -7.7% |
| Gross operating margin | 9900 | €2,200,399 | €2,287,239 | +€86,841 | +3.9% |
| Operating profit (loss) | 9901 | €145,385 | €143,664 | -€1,721 | -1.2% |
| Financial income | 75/76B | €25,562 | €30,845 | +€5,283 | +20.7% |
| Recurring financial income | 75 | €25,562 | €30,845 | +€5,283 | +20.7% |
| Financial charges | 65/66B | €7,031 | €6,821 | -€210 | -3.0% |
| Recurring financial charges | 65 | €7,031 | €6,821 | -€210 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €163,916 | €167,688 | +€3,772 | +2.3% |
| Income taxes | 67/77 | €50,905 | €48,679 | -€2,226 | -4.4% |
| Profit (loss) for the period | 9904 | €113,010 | €119,008 | +€5,998 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,010 | €119,008 | +€5,998 | +5.3% |
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 22 October 2026 via checked.be.