Welp Consulting: 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 Consulting
Largest movements
- Intangible fixed assets -€15,714
down €15,714 (-20.0%), from €78,571 to €62,857
- Tangible fixed assets +€7,012
up €7,012 (+162%), from €4,317 to €11,328
of which Furniture and vehicles: +€7,452
- Receivables within one year +€5,804
up €5,804 (+62.0%), from €9,355 to €15,159
- Other debts -€50,832
down €50,832 (-89.6%), from €56,733 to €5,901
- Debts after one year +€26,344
new in 2025: €26,344
- Reserves +€17,433
up €17,433 (+59.6%), from €29,239 to €46,672
- Current portion of long-term debt +€7,358
new in 2025: €7,358
- Tax, wage and social debts -€3,521
down €3,521 (-21.2%), from €16,636 to €13,114
- Gross operating margin +€9,223
up €9,223 (+26.6%), from €34,700 to €43,923
- Taxes +€1,305
up €1,305 (+31.1%), from €4,190 to €5,495
- Depreciation +€1,173
up €1,173 (+6.8%), from €17,210 to €18,383
- Financial charges +€1,031
up €1,031 (+135%), from €763 to €1,794
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 | €108,259 | €105,220 | -€3,039 | -2.8% |
| Fixed assets | 21/28 | €83,948 | €75,246 | -€8,703 | -10.4% |
| Intangible fixed assets | 21 | €78,571 | €62,857 | -€15,714 | -20.0% |
| Tangible fixed assets | 22/27 | €4,317 | €11,328 | +€7,012 | +162% |
| Plant, machinery and equipment | 23 | €1,056 | €712 | -€344 | -32.6% |
| Furniture and vehicles | 24 | €2,681 | €10,133 | +€7,452 | +278% |
| Other tangible fixed assets | 26 | €580 | €483 | -€97 | -16.7% |
| Financial fixed assets | 28 | €1,060 | €1,060 | = | 0.0% |
| Current assets | 29/58 | €24,311 | €29,974 | +€5,663 | +23.3% |
| Amounts receivable within one year | 40/41 | €9,355 | €15,159 | +€5,804 | +62.0% |
| Trade receivables | 40 | €9,355 | €15,159 | +€5,804 | +62.0% |
| Cash at bank and in hand | 54/58 | €13,985 | €13,503 | -€482 | -3.4% |
| Deferred charges and accrued income | 490/1 | €971 | €1,312 | +€342 | +35.2% |
| Total equity and liabilities | 10/49 | €108,259 | €105,220 | -€3,039 | -2.8% |
| Equity | 10/15 | €34,239 | €51,672 | +€17,433 | +50.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,239 | €46,672 | +€17,433 | +59.6% |
| Distributable reserves | 133 | €29,239 | €46,672 | +€17,433 | +59.6% |
| Amounts payable | 17/49 | €74,021 | €53,548 | -€20,472 | -27.7% |
| Amounts payable after more than one year | 17 | - | €26,344 | +€26,344 | |
| Financial debts | 170/4 | - | €26,344 | +€26,344 | |
| Amounts payable within one year | 42/48 | €74,021 | €26,957 | -€47,064 | -63.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,358 | +€7,358 | |
| Trade debts | 44 | €652 | €584 | -€68 | -10.5% |
| Suppliers | 440/4 | €652 | €584 | -€68 | -10.5% |
| Taxes, remuneration and social security | 45 | €16,636 | €13,114 | -€3,521 | -21.2% |
| Taxes | 450/3 | €16,636 | €13,114 | -€3,521 | -21.2% |
| Other amounts payable | 47/48 | €56,733 | €5,901 | -€50,832 | -89.6% |
| Accrued charges and deferred income | 492/3 | - | €247 | +€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,210 | €18,383 | +€1,173 | +6.8% |
| Other operating charges | 640/8 | €816 | €819 | +€3 | +0.3% |
| Gross operating margin | 9900 | €34,700 | €43,923 | +€9,223 | +26.6% |
| Operating profit (loss) | 9901 | €16,675 | €24,722 | +€8,047 | +48.3% |
| Financial charges | 65/66B | €763 | €1,794 | +€1,031 | +135% |
| Recurring financial charges | 65 | €763 | €1,794 | +€1,031 | +135% |
| Profit (loss) for the period before taxes | 9903 | €15,912 | €22,928 | +€7,016 | +44.1% |
| Income taxes | 67/77 | €4,190 | €5,495 | +€1,305 | +31.1% |
| Profit (loss) for the period | 9904 | €11,722 | €17,433 | +€5,711 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,722 | €17,433 | +€5,711 | +48.7% |
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 29 October 2026 via checked.be.