WELTER PHILIP: what changed
WELTER PHILIP
Largest movements
- Deferred charges and accrued income +€295,190
up €295,190 (+8,473%), from €3,484 to €298,673
- Cash -€231,930
down €231,930 (-99.0%), from €234,305 to €2,376
mainly Deferred charges and accrued income (-€295,190) and Trade debts (-€50,163)
- Receivables within one year +€9,867
up €9,867 (+37.5%), from €26,298 to €36,165
of which Trade receivables: +€7,074
- Reserves +€66,810
up €66,810 (+41.6%), from €160,701 to €227,511
of which Distributable reserves: +€68,670
- Trade debts -€50,163
no longer reported in 2024 (was €50,163)
- Tax, wage and social debts +€33,754
up €33,754 (+70.1%), from €48,159 to €81,913
of which Taxes: +€33,434
- Accrued charges and deferred income +€20,357
new in 2024: €20,357
- Gross operating margin +€18,379
up €18,379 (+20.3%), from €90,642 to €109,021
- Taxes +€4,418
up €4,418 (+17.7%), from €24,915 to €29,333
- Staff costs +€1,381
up €1,381 (+23.6%), from €5,851 to €7,233
- Other operating charges +€1,119
up €1,119 (+53.1%), from €2,106 to €3,225
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,892 | €348,381 | +€70,490 | +25.4% |
| Fixed assets | 21/28 | €11,696 | €9,058 | -€2,637 | -22.5% |
| Intangible fixed assets | 21 | €167 | €0 | -€167 | -100.0% |
| Tangible fixed assets | 22/27 | €11,144 | €8,803 | -€2,340 | -21.0% |
| Plant, machinery and equipment | 23 | €1,770 | €2,633 | +€863 | +48.7% |
| Furniture and vehicles | 24 | €5,796 | €3,325 | -€2,470 | -42.6% |
| Other tangible fixed assets | 26 | €3,578 | €2,845 | -€732 | -20.5% |
| Financial fixed assets | 28 | €385 | €255 | -€130 | -33.8% |
| Current assets | 29/58 | €266,196 | €339,323 | +€73,127 | +27.5% |
| Stocks and contracts in progress | 3 | €2,109 | €2,109 | = | 0.0% |
| Stocks | 30/36 | €2,109 | €2,109 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,298 | €36,165 | +€9,867 | +37.5% |
| Trade receivables | 40 | - | €7,074 | +€7,074 | |
| Other amounts receivable | 41 | €26,298 | €29,091 | +€2,793 | +10.6% |
| Cash at bank and in hand | 54/58 | €234,305 | €2,376 | -€231,930 | -99.0% |
| Deferred charges and accrued income | 490/1 | €3,484 | €298,673 | +€295,190 | +8,473% |
| Total equity and liabilities | 10/49 | €277,892 | €348,381 | +€70,490 | +25.4% |
| Equity | 10/15 | €179,301 | €246,111 | +€66,810 | +37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,701 | €227,511 | +€66,810 | +41.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €158,841 | €227,511 | +€68,670 | +43.2% |
| Amounts payable | 17/49 | €98,591 | €102,271 | +€3,680 | +3.7% |
| Amounts payable within one year | 42/48 | €98,591 | €81,913 | -€16,678 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €269 | - | -€269 | |
| Trade debts | 44 | €50,163 | - | -€50,163 | |
| Suppliers | 440/4 | €50,163 | - | -€50,163 | |
| Taxes, remuneration and social security | 45 | €48,159 | €81,913 | +€33,754 | +70.1% |
| Taxes | 450/3 | €44,524 | €77,958 | +€33,434 | +75.1% |
| Remuneration and social security | 454/9 | €3,636 | €3,955 | +€319 | +8.8% |
| Accrued charges and deferred income | 492/3 | - | €20,357 | +€20,357 | |
| Remuneration, social security and pensions | 62 | €5,851 | €7,233 | +€1,381 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,820 | €3,803 | -€1,017 | -21.1% |
| Other operating charges | 640/8 | €2,106 | €3,225 | +€1,119 | +53.1% |
| Gross operating margin | 9900 | €90,642 | €109,021 | +€18,379 | +20.3% |
| Operating profit (loss) | 9901 | €77,865 | €94,761 | +€16,896 | +21.7% |
| Financial income | 75/76B | €945 | €1,643 | +€698 | +73.8% |
| Recurring financial income | 75 | €945 | €1,643 | +€698 | +73.8% |
| Financial charges | 65/66B | €204 | €261 | +€57 | +27.8% |
| Recurring financial charges | 65 | €204 | €261 | +€57 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €78,606 | €96,143 | +€17,537 | +22.3% |
| Income taxes | 67/77 | €24,915 | €29,333 | +€4,418 | +17.7% |
| Profit (loss) for the period | 9904 | €53,691 | €66,810 | +€13,119 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,691 | €66,810 | +€13,119 | +24.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.