WELOCATE: 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.
WELOCATE
Largest movements
- Receivables after one year +€1.5m
up €1.5m (+79.8%), from €1.9m to €3.4m
- Stocks and contracts -€697,881
down €697,881 (-5.3%), from €13.1m to €12.4m
- Trade debts +€396,592
up €396,592 (+15046.7%), from €2,636 to €399,228
- Debts after one year +€202,290
up €202,290 (+3.5%), from €5.8m to €6.0m
- Gross operating margin -€889,080
down €889,080 (-73.6%), from €1.2m to €319,225
- Taxes -€226,011
down €226,011 (-84.9%), from €266,281 to €40,270
- Financial income +€27,017
up €27,017 (+32.4%), from €83,510 to €110,527
- Financial charges +€20,956
up €20,956 (+8.5%), from €247,575 to €268,532
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 | €16,140,935 | €16,848,507 | +€707,572 | +4.4% |
| Fixed assets | 21/28 | - | €1,250 | +€1,250 | |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €16,140,935 | €16,847,257 | +€706,322 | +4.4% |
| Amounts receivable after more than one year | 29 | €1,908,648 | €3,432,030 | +€1.5m | +79.8% |
| Other amounts receivable | 291 | €1,908,648 | €3,432,030 | +€1.5m | +79.8% |
| Stocks and contracts in progress | 3 | €13,142,014 | €12,444,132 | -€697,881 | -5.3% |
| Stocks | 30/36 | €13,142,014 | €12,444,132 | -€697,881 | -5.3% |
| Amounts receivable within one year | 40/41 | €175,603 | €110,411 | -€65,192 | -37.1% |
| Trade receivables | 40 | €175,603 | €103,141 | -€72,462 | -41.3% |
| Other amounts receivable | 41 | - | €7,270 | +€7,270 | |
| Cash at bank and in hand | 54/58 | €914,477 | €860,683 | -€53,794 | -5.9% |
| Deferred charges and accrued income | 490/1 | €193 | - | -€193 | |
| Total equity and liabilities | 10/49 | €16,140,935 | €16,848,507 | +€707,572 | +4.4% |
| Equity | 10/15 | €2,773,861 | €2,894,672 | +€120,811 | +4.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Contributions outside capital | 11 | €200,000 | €200,000 | = | 0.0% |
| Other | 1109/19 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,573,861 | €2,694,672 | +€120,811 | +4.7% |
| Non-distributable reserves | 130/1 | €1,203 | €1,203 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,203 | €1,203 | = | 0.0% |
| Distributable reserves | 133 | €2,572,658 | €2,693,469 | +€120,811 | +4.7% |
| Amounts payable | 17/49 | €13,367,074 | €13,953,835 | +€586,761 | +4.4% |
| Amounts payable after more than one year | 17 | €5,818,992 | €6,021,282 | +€202,290 | +3.5% |
| Other amounts payable | 178/9 | €5,818,992 | €6,021,282 | +€202,290 | +3.5% |
| Amounts payable within one year | 42/48 | €7,547,557 | €7,932,553 | +€384,996 | +5.1% |
| Financial debts | 43 | €7,479,462 | €7,467,866 | -€11,596 | -0.2% |
| Credit institutions | 430/8 | €7,479,462 | €7,467,866 | -€11,596 | -0.2% |
| Trade debts | 44 | €2,636 | €399,228 | +€396,592 | +15046.7% |
| Suppliers | 440/4 | €2,636 | €399,228 | +€396,592 | +15046.7% |
| Taxes, remuneration and social security | 45 | €65,459 | €65,459 | = | 0.0% |
| Taxes | 450/3 | €65,459 | €65,459 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €525 | - | -€525 | |
| Other operating charges | 640/8 | €734 | €140 | -€595 | -81.0% |
| Gross operating margin | 9900 | €1,208,305 | €319,225 | -€889,080 | -73.6% |
| Operating profit (loss) | 9901 | €1,207,571 | €319,086 | -€888,485 | -73.6% |
| Financial income | 75/76B | €83,510 | €110,527 | +€27,017 | +32.4% |
| Recurring financial income | 75 | €83,510 | €110,527 | +€27,017 | +32.4% |
| Financial charges | 65/66B | €247,575 | €268,532 | +€20,956 | +8.5% |
| Recurring financial charges | 65 | €247,575 | €268,532 | +€20,956 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,043,505 | €161,081 | -€882,424 | -84.6% |
| Income taxes | 67/77 | €266,281 | €40,270 | -€226,011 | -84.9% |
| Profit (loss) for the period | 9904 | €777,224 | €120,811 | -€656,413 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €777,224 | €120,811 | -€656,413 | -84.5% |
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 11 October 2026 via checked.be.