WELS VERWARMING: 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.
WELS VERWARMING
Largest movements
- Cash +€15,707
up €15,707 (+47.7%), from €32,952 to €48,659
mainly Depreciation (+€10,186) and Net result for the year (+€10,004)
- Tangible fixed assets -€7,797
down €7,797 (-40.1%), from €19,420 to €11,623
of which Furniture and vehicles: -€6,742
- Receivables within one year +€6,053
up €6,053 (+34.1%), from €17,767 to €23,821
of which Trade receivables: +€5,255
- Stocks and contracts -€3,320
down €3,320 (-19.6%), from €16,903 to €13,582
of which Stocks: -€4,315
- Reserves +€10,000
up €10,000 (+13.5%), from €74,003 to €84,003
- Current portion of long-term debt -€3,548
no longer reported in 2025 (was €3,548)
- Trade debts +€2,829
up €2,829 (+87.1%), from €3,246 to €6,075
- Tax, wage and social debts +€1,899
up €1,899 (+54.3%), from €3,494 to €5,393
of which Taxes: +€1,887
- Gross operating margin +€11,670
up €11,670 (+77.9%), from €14,975 to €26,645
- Taxes +€4,387
up €4,387 (+391%), from €1,121 to €5,508
- Depreciation -€3,432
down €3,432 (-25.2%), from €13,618 to €10,186
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 | €97,192 | €108,376 | +€11,184 | +11.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €19,420 | €11,623 | -€7,797 | -40.1% |
| Tangible fixed assets | 22/27 | €19,420 | €11,623 | -€7,797 | -40.1% |
| Land and buildings | 22 | €7,738 | €6,915 | -€823 | -10.6% |
| Plant, machinery and equipment | 23 | €242 | €10 | -€232 | -95.7% |
| Furniture and vehicles | 24 | €11,440 | €4,698 | -€6,742 | -58.9% |
| Current assets | 29/58 | €77,772 | €96,753 | +€18,981 | +24.4% |
| Stocks and contracts in progress | 3 | €16,903 | €13,582 | -€3,320 | -19.6% |
| Stocks | 30/36 | €16,105 | €11,790 | -€4,315 | -26.8% |
| Contracts in progress | 37 | €798 | €1,792 | +€995 | +125% |
| Amounts receivable within one year | 40/41 | €17,767 | €23,821 | +€6,053 | +34.1% |
| Trade receivables | 40 | €14,126 | €19,381 | +€5,255 | +37.2% |
| Other amounts receivable | 41 | €3,642 | €4,440 | +€798 | +21.9% |
| Cash at bank and in hand | 54/58 | €32,952 | €48,659 | +€15,707 | +47.7% |
| Deferred charges and accrued income | 490/1 | €10,150 | €10,691 | +€541 | +5.3% |
| Total equity and liabilities | 10/49 | €97,192 | €108,376 | +€11,184 | +11.5% |
| Equity | 10/15 | €86,403 | €96,408 | +€10,004 | +11.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,003 | €84,003 | +€10,000 | +13.5% |
| Distributable reserves | 133 | €74,003 | €84,003 | +€10,000 | +13.5% |
| Profit (loss) carried forward | 14 | - | €4 | +€4 | |
| Amounts payable | 17/49 | €10,789 | €11,969 | +€1,180 | +10.9% |
| Amounts payable within one year | 42/48 | €10,289 | €11,469 | +€1,180 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €3,548 | - | -€3,548 | |
| Trade debts | 44 | €3,246 | €6,075 | +€2,829 | +87.1% |
| Suppliers | 440/4 | €3,246 | €6,075 | +€2,829 | +87.1% |
| Taxes, remuneration and social security | 45 | €3,494 | €5,393 | +€1,899 | +54.3% |
| Taxes | 450/3 | €1,125 | €3,012 | +€1,887 | +168% |
| Remuneration and social security | 454/9 | €2,369 | €2,381 | +€12 | +0.5% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €534 | €518 | -€15 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,618 | €10,186 | -€3,432 | -25.2% |
| Other operating charges | 640/8 | €1,279 | €1,398 | +€120 | +9.4% |
| Gross operating margin | 9900 | €14,975 | €26,645 | +€11,670 | +77.9% |
| Operating profit (loss) | 9901 | -€456 | €14,542 | +€14,998 | |
| Financial income | 75/76B | €852 | €1,085 | +€234 | +27.4% |
| Recurring financial income | 75 | €852 | €1,085 | +€234 | +27.4% |
| Financial charges | 65/66B | €254 | €115 | -€139 | -54.7% |
| Recurring financial charges | 65 | €254 | €115 | -€139 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €141 | €15,513 | +€15,371 | +10,877% |
| Income taxes | 67/77 | €1,121 | €5,508 | +€4,387 | +391% |
| Profit (loss) for the period | 9904 | -€980 | €10,004 | +€10,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€980 | €10,004 | +€10,984 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.