Welp: 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.
Welp
Largest movements
- Cash -€29,144
down €29,144 (-40.8%), from €71,481 to €42,337
mainly Contributions, distributions and other (-€98,678) and Investment in fixed assets (net) (-€7,843)
- Tangible fixed assets +€6,029
up €6,029 (+241%), from €2,499 to €8,528
- Receivables within one year -€1,580
down €1,580 (-4.6%), from €34,638 to €33,058
of which Trade receivables: -€1,113
- Reserves -€74,486
down €74,486 (-100%), from €74,486 to €0
- Other debts +€53,984
up €53,984 (+572%), from €9,442 to €63,426
- Tax, wage and social debts -€3,562
down €3,562 (-17.7%), from €20,131 to €16,568
of which Taxes: -€3,562
- Trade debts -€1,149
down €1,149 (-56.5%), from €2,033 to €884
- Depreciation -€6,200
down €6,200 (-77.4%), from €8,014 to €1,814
- Gross operating margin +€4,830
up €4,830 (+16.1%), from €29,931 to €34,761
- Taxes +€2,864
up €2,864 (+60.7%), from €4,720 to €7,585
- Financial charges -€419
down €419 (-57.6%), from €727 to €308
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,490 | €86,878 | -€25,612 | -22.8% |
| Fixed assets | 21/28 | €2,499 | €8,528 | +€6,029 | +241% |
| Tangible fixed assets | 22/27 | €2,499 | €8,528 | +€6,029 | +241% |
| Furniture and vehicles | 24 | €2,499 | €8,528 | +€6,029 | +241% |
| Current assets | 29/58 | €109,992 | €78,351 | -€31,641 | -28.8% |
| Amounts receivable within one year | 40/41 | €34,638 | €33,058 | -€1,580 | -4.6% |
| Trade receivables | 40 | €33,767 | €32,654 | -€1,113 | -3.3% |
| Other amounts receivable | 41 | €872 | €404 | -€467 | -53.6% |
| Cash at bank and in hand | 54/58 | €71,481 | €42,337 | -€29,144 | -40.8% |
| Deferred charges and accrued income | 490/1 | €3,872 | €2,956 | -€917 | -23.7% |
| Total equity and liabilities | 10/49 | €112,490 | €86,878 | -€25,612 | -22.8% |
| Equity | 10/15 | €80,486 | €6,000 | -€74,486 | -92.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €74,486 | €0 | -€74,486 | -100% |
| Distributable reserves | 133 | €74,486 | €0 | -€74,486 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,004 | €80,878 | +€48,875 | +153% |
| Amounts payable within one year | 42/48 | €31,606 | €80,878 | +€49,273 | +156% |
| Trade debts | 44 | €2,033 | €884 | -€1,149 | -56.5% |
| Suppliers | 440/4 | €2,033 | €884 | -€1,149 | -56.5% |
| Taxes, remuneration and social security | 45 | €20,131 | €16,568 | -€3,562 | -17.7% |
| Taxes | 450/3 | €20,131 | €16,568 | -€3,562 | -17.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,442 | €63,426 | +€53,984 | +572% |
| Accrued charges and deferred income | 492/3 | €398 | €0 | -€398 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,014 | €1,814 | -€6,200 | -77.4% |
| Other operating charges | 640/8 | €956 | €1,093 | +€137 | +14.3% |
| Gross operating margin | 9900 | €29,931 | €34,761 | +€4,830 | +16.1% |
| Operating profit (loss) | 9901 | €20,962 | €31,855 | +€10,893 | +52.0% |
| Financial income | 75/76B | €0 | €230 | +€230 | +95,846% |
| Recurring financial income | 75 | €0 | €230 | +€230 | +95,846% |
| Financial charges | 65/66B | €727 | €308 | -€419 | -57.6% |
| Recurring financial charges | 65 | €727 | €308 | -€419 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €20,235 | €31,776 | +€11,542 | +57.0% |
| Income taxes | 67/77 | €4,720 | €7,585 | +€2,864 | +60.7% |
| Profit (loss) for the period | 9904 | €15,514 | €24,192 | +€8,677 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,514 | €24,192 | +€8,677 | +55.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.