WELPA TRANS: what changed
What changed
WELPA TRANS
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
€654,511
2024 · €373,092+€281,419
Equity
€741,301
2024 · €286,790+€454,511
Cash
€907,111
2024 · €713,936+€193,175
Balance sheet total
€2.0m
2024 · €1.7m+€307,452
Largest movements
Assets
- Cash +€193,175
up €193,175 (+27.1%), from €713,936 to €907,111
mainly Net result for the year (+€654,511) and Tax, wage and social debts (+€46,196)
- Receivables within one year +€128,711
up €128,711 (+13.2%), from €976,553 to €1.1m
of which Other amounts receivable: +€147,870
Equity and liabilities
- Reserves +€454,511
up €454,511 (+202%), from €225,290 to €679,801
of which Distributable reserves: +€454,511
- Other debts -€150,000
down €150,000 (-42.9%), from €350,000 to €200,000
- Tax, wage and social debts +€46,196
up €46,196 (+38.1%), from €121,106 to €167,302
of which Taxes: +€36,701
- Trade debts -€44,636
down €44,636 (-4.6%), from €979,829 to €935,193
Income statement
- Gross operating margin +€451,031
up €451,031 (+44.2%), from €1.0m to €1.5m
- Taxes +€94,181
up €94,181 (+73.6%), from €127,949 to €222,130
- Staff costs +€80,928
up €80,928 (+16.5%), from €489,188 to €570,116
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€373,092
Gross operating margin
+€451,031
Staff costs
-€80,928
Depreciation
+€6,657
Write-downs
-€620
Other operating charges
-€42
Financial income
-€75
Financial charges
-€423
Taxes
-€94,181
Result 2025
€654,511
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€393,175
Investment
€0
Financing
-€200,000
Cash 2024
€713,936
From operations (derived)
+€393,175
Net result for the year
+€654,511
Depreciation
+€11,900
Receivables within one year
-€128,711
Deferred charges and accrued income
+€2,533
Trade debts
-€44,636
Tax, wage and social debts
+€46,196
Other debts
-€150,000
Accrued charges and deferred income
+€1,382
Financing
-€200,000
Contributions, distributions and other
-€200,000
Cash 2025
€907,111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,741,424 | €2,048,876 | +€307,452 | +17.7% |
| Fixed assets | 21/28 | €24,251 | €12,351 | -€11,900 | -49.1% |
| Tangible fixed assets | 22/27 | €24,251 | €12,351 | -€11,900 | -49.1% |
| Plant, machinery and equipment | 23 | €7,647 | €423 | -€7,224 | -94.5% |
| Furniture and vehicles | 24 | €6,522 | €3,716 | -€2,806 | -43.0% |
| Other tangible fixed assets | 26 | €10,082 | €8,212 | -€1,870 | -18.6% |
| Current assets | 29/58 | €1,717,172 | €2,036,525 | +€319,353 | +18.6% |
| Amounts receivable within one year | 40/41 | €976,553 | €1,105,264 | +€128,711 | +13.2% |
| Trade receivables | 40 | €904,503 | €885,344 | -€19,158 | -2.1% |
| Other amounts receivable | 41 | €72,051 | €219,920 | +€147,870 | +205% |
| Current investments | 50/53 | €12,395 | €12,395 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €713,936 | €907,111 | +€193,175 | +27.1% |
| Deferred charges and accrued income | 490/1 | €14,288 | €11,755 | -€2,533 | -17.7% |
| Total equity and liabilities | 10/49 | €1,741,424 | €2,048,876 | +€307,452 | +17.7% |
| Equity | 10/15 | €286,790 | €741,301 | +€454,511 | +158% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €225,290 | €679,801 | +€454,511 | +202% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €215,090 | €669,601 | +€454,511 | +211% |
| Amounts payable | 17/49 | €1,454,634 | €1,307,575 | -€147,059 | -10.1% |
| Amounts payable within one year | 42/48 | €1,450,936 | €1,302,495 | -€148,441 | -10.2% |
| Trade debts | 44 | €979,829 | €935,193 | -€44,636 | -4.6% |
| Suppliers | 440/4 | €979,829 | €935,193 | -€44,636 | -4.6% |
| Taxes, remuneration and social security | 45 | €121,106 | €167,302 | +€46,196 | +38.1% |
| Taxes | 450/3 | €69,571 | €106,271 | +€36,701 | +52.8% |
| Remuneration and social security | 454/9 | €51,536 | €61,031 | +€9,495 | +18.4% |
| Other amounts payable | 47/48 | €350,000 | €200,000 | -€150,000 | -42.9% |
| Accrued charges and deferred income | 492/3 | €3,698 | €5,080 | +€1,382 | +37.4% |
| Non-recurring operating income | 76A | €1,610 | €2,211 | +€601 | +37.3% |
| Remuneration, social security and pensions | 62 | €489,188 | €570,116 | +€80,928 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,557 | €11,900 | -€6,657 | -35.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €620 | +€620 | |
| Other operating charges | 640/8 | €1,375 | €1,417 | +€42 | +3.1% |
| Gross operating margin | 9900 | €1,021,061 | €1,472,092 | +€451,031 | +44.2% |
| Operating profit (loss) | 9901 | €511,941 | €888,038 | +€376,098 | +73.5% |
| Financial income | 75/76B | €104 | €29 | -€75 | -71.8% |
| Recurring financial income | 75 | €104 | €29 | -€75 | -71.8% |
| Financial charges | 65/66B | €11,003 | €11,426 | +€423 | +3.8% |
| Recurring financial charges | 65 | €11,003 | €11,426 | +€423 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €501,042 | €876,641 | +€375,600 | +75.0% |
| Income taxes | 67/77 | €127,949 | €222,130 | +€94,181 | +73.6% |
| Profit (loss) for the period | 9904 | €373,092 | €654,511 | +€281,419 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €373,092 | €654,511 | +€281,419 | +75.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.