WELLUC: 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.
WELLUC
Largest movements
- Cash +€14,672
up €14,672 (+16.3%), from €89,935 to €104,608
mainly Receivables within one year (+€12,116) and Depreciation (+€9,793)
- Receivables within one year -€12,116
down €12,116 (-39.3%), from €30,800 to €18,684
of which Trade receivables: -€12,116
- Tangible fixed assets -€9,793
down €9,793 (-27.9%), from €35,087 to €25,294
of which Furniture and vehicles: -€9,793
- Tax, wage and social debts -€4,119
down €4,119 (-82.5%), from €4,991 to €872
- Reserves -€2,786
down €2,786 (-2.9%), from €95,323 to €92,537
of which Distributable reserves: -€2,786
- Gross operating margin -€14,569
down €14,569 (-58.9%), from €24,735 to €10,166
- Taxes -€3,891
no longer reported in 2025 (was €3,891)
- Depreciation +€1,703
up €1,703 (+21.1%), from €8,090 to €9,793
- Financial charges +€506
up €506 (+25.1%), from €2,014 to €2,521
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 | €156,110 | €148,889 | -€7,220 | -4.6% |
| Fixed assets | 21/28 | €35,087 | €25,294 | -€9,793 | -27.9% |
| Tangible fixed assets | 22/27 | €35,087 | €25,294 | -€9,793 | -27.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €35,087 | €25,294 | -€9,793 | -27.9% |
| Current assets | 29/58 | €121,023 | €123,595 | +€2,572 | +2.1% |
| Amounts receivable within one year | 40/41 | €30,800 | €18,684 | -€12,116 | -39.3% |
| Trade receivables | 40 | €30,722 | €18,606 | -€12,116 | -39.4% |
| Other amounts receivable | 41 | €78 | €78 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,935 | €104,608 | +€14,672 | +16.3% |
| Deferred charges and accrued income | 490/1 | €287 | €303 | +€16 | +5.5% |
| Total equity and liabilities | 10/49 | €156,110 | €148,889 | -€7,220 | -4.6% |
| Equity | 10/15 | €113,923 | €111,137 | -€2,786 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,323 | €92,537 | -€2,786 | -2.9% |
| Tax-exempt reserves | 132 | €6,394 | €6,394 | = | 0.0% |
| Distributable reserves | 133 | €88,929 | €86,143 | -€2,786 | -3.1% |
| Amounts payable | 17/49 | €42,187 | €37,752 | -€4,435 | -10.5% |
| Amounts payable within one year | 42/48 | €40,253 | €35,271 | -€4,983 | -12.4% |
| Trade debts | 44 | €504 | €473 | -€31 | -6.1% |
| Suppliers | 440/4 | €504 | €473 | -€31 | -6.1% |
| Taxes, remuneration and social security | 45 | €4,991 | €872 | -€4,119 | -82.5% |
| Taxes | 450/3 | €4,991 | €872 | -€4,119 | -82.5% |
| Other amounts payable | 47/48 | €34,759 | €33,926 | -€833 | -2.4% |
| Accrued charges and deferred income | 492/3 | €1,934 | €2,482 | +€548 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,090 | €9,793 | +€1,703 | +21.1% |
| Other operating charges | 640/8 | €631 | €638 | +€7 | +1.0% |
| Gross operating margin | 9900 | €24,735 | €10,166 | -€14,569 | -58.9% |
| Operating profit (loss) | 9901 | €16,014 | -€265 | -€16,279 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €2,014 | €2,521 | +€506 | +25.1% |
| Recurring financial charges | 65 | €2,014 | €2,521 | +€506 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €14,005 | -€2,786 | -€16,791 | |
| Income taxes | 67/77 | €3,891 | - | -€3,891 | |
| Profit (loss) for the period | 9904 | €10,114 | -€2,786 | -€12,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,114 | -€2,786 | -€12,900 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.