WELSH CARE: 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.
WELSH CARE
Largest movements
- Receivables within one year +€100,880
up €100,880 (+50.8%), from €198,525 to €299,405
of which Other amounts receivable: +€83,564
- Deferred charges and accrued income -€55,056
no longer reported in 2025 (was €55,056)
- Cash +€37,930
up €37,930 (+11.6%), from €327,511 to €365,441
mainly Net result for the year (+€162,413) and Deferred charges and accrued income (+€55,056)
- Tangible fixed assets -€14,802
down €14,802 (-69.8%), from €21,196 to €6,394
of which Furniture and vehicles: -€13,602
- Reserves +€162,413
up €162,413 (+36.2%), from €448,336 to €610,748
- Tax, wage and social debts -€90,835
down €90,835 (-63.2%), from €143,712 to €52,878
- Gross operating margin -€4,621
down €4,621 (-2.0%), from €229,741 to €225,119
- Financial income +€4,073
up €4,073 (+109.8%), from €3,709 to €7,782
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 | €602,289 | €671,241 | +€68,952 | +11.4% |
| Fixed assets | 21/28 | €21,196 | €6,394 | -€14,802 | -69.8% |
| Tangible fixed assets | 22/27 | €21,196 | €6,394 | -€14,802 | -69.8% |
| Plant, machinery and equipment | 23 | €3,600 | €2,400 | -€1,200 | -33.3% |
| Furniture and vehicles | 24 | €17,596 | €3,994 | -€13,602 | -77.3% |
| Current assets | 29/58 | €581,093 | €664,846 | +€83,754 | +14.4% |
| Amounts receivable within one year | 40/41 | €198,525 | €299,405 | +€100,880 | +50.8% |
| Trade receivables | 40 | €92,700 | €110,015 | +€17,315 | +18.7% |
| Other amounts receivable | 41 | €105,826 | €189,390 | +€83,564 | +79.0% |
| Cash at bank and in hand | 54/58 | €327,511 | €365,441 | +€37,930 | +11.6% |
| Deferred charges and accrued income | 490/1 | €55,056 | - | -€55,056 | |
| Total equity and liabilities | 10/49 | €602,289 | €671,241 | +€68,952 | +11.4% |
| Equity | 10/15 | €453,336 | €615,748 | +€162,413 | +35.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €448,336 | €610,748 | +€162,413 | +36.2% |
| Distributable reserves | 133 | €448,336 | €610,748 | +€162,413 | +36.2% |
| Amounts payable | 17/49 | €148,953 | €55,493 | -€93,461 | -62.7% |
| Amounts payable within one year | 42/48 | €148,953 | €55,493 | -€93,461 | -62.7% |
| Trade debts | 44 | €5,241 | €2,615 | -€2,626 | -50.1% |
| Suppliers | 440/4 | €5,241 | €2,615 | -€2,626 | -50.1% |
| Taxes, remuneration and social security | 45 | €143,712 | €52,878 | -€90,835 | -63.2% |
| Taxes | 450/3 | €143,712 | €52,878 | -€90,835 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,490 | €14,802 | +€312 | +2.2% |
| Other operating charges | 640/8 | €2,862 | €2,042 | -€820 | -28.7% |
| Gross operating margin | 9900 | €229,741 | €225,119 | -€4,621 | -2.0% |
| Operating profit (loss) | 9901 | €212,389 | €208,276 | -€4,113 | -1.9% |
| Financial income | 75/76B | €3,709 | €7,782 | +€4,073 | +109.8% |
| Recurring financial income | 75 | €3,709 | €7,782 | +€4,073 | +109.8% |
| Financial charges | 65/66B | €107 | €215 | +€108 | +101.5% |
| Recurring financial charges | 65 | €107 | €215 | +€108 | +101.5% |
| Profit (loss) for the period before taxes | 9903 | €215,991 | €215,843 | -€149 | -0.1% |
| Income taxes | 67/77 | €52,000 | €53,430 | +€1,430 | +2.8% |
| Profit (loss) for the period | 9904 | €163,992 | €162,413 | -€1,579 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €163,992 | €162,413 | -€1,579 | -1.0% |
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 9 October 2026 via checked.be.