WELTH-I: what changed
What changed
WELTH-I
NACE 66.290, Activities auxiliary to financial services and insurance activities
filed annual accounts (NBB)
Net result for the year
€168,833
2025 · €104,160+€64,674
Equity
€610,728
2025 · €504,394+€106,333
Cash
€317,938
2025 · €237,580+€80,358
Balance sheet total
€936,267
2025 · €873,495+€62,773
Largest movements
Assets
- Cash +€80,358
up €80,358 (+33.8%), from €237,580 to €317,938
mainly Net result for the year (+€168,833) and Depreciation (+€67,755)
- Intangible fixed assets -€36,000
down €36,000 (-11.9%), from €303,408 to €267,408
- Deferred charges and accrued income +€10,601
up €10,601 (+50.9%), from €20,809 to €31,410
Equity and liabilities
- Reserves +€106,333
up €106,333 (+21.3%), from €498,194 to €604,528
- Debts after one year -€58,969
down €58,969 (-23.2%), from €254,541 to €195,572
- Trade debts +€14,031
up €14,031 (+269%), from €5,214 to €19,245
Income statement
- Gross operating margin +€98,807
up €98,807 (+41.6%), from €237,592 to €336,400
- Taxes +€28,341
up €28,341 (+59.2%), from €47,839 to €76,180
- Depreciation +€9,934
up €9,934 (+17.2%), from €57,821 to €67,755
- Other operating charges -€4,064
down €4,064 (-33.3%), from €12,220 to €8,156
Change in the result, 2025 to 2026
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 2025
€104,160
Gross operating margin
+€98,807
Depreciation
-€9,934
Other operating charges
+€4,064
Other operating items
+€1,133
Financial income
-€707
Financial charges
-€349
Taxes
-€28,341
Result 2026
€168,833
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€239,167
Investment
-€39,569
Financing
-€119,240
Cash 2025
€237,580
From operations (derived)
+€239,167
Net result for the year
+€168,833
Depreciation
+€67,755
Deferred charges and accrued income
-€10,601
Trade debts
+€14,031
Tax, wage and social debts
-€1,539
Other debts
+€652
Accrued charges and deferred income
+€35
Investment (derived)
-€39,569
Investment in fixed assets (net)
-€39,569
Financing
-€119,240
Debts after one year
-€58,969
Current portion of long-term debt
+€2,229
Contributions, distributions and other
-€62,500
Cash 2026
€317,938
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,495 | €936,267 | +€62,773 | +7.2% |
| Fixed assets | 21/28 | €615,106 | €586,920 | -€28,187 | -4.6% |
| Intangible fixed assets | 21 | €303,408 | €267,408 | -€36,000 | -11.9% |
| Tangible fixed assets | 22/27 | €311,698 | €319,511 | +€7,813 | +2.5% |
| Land and buildings | 22 | €259,335 | €260,945 | +€1,610 | +0.6% |
| Furniture and vehicles | 24 | €23,530 | €34,235 | +€10,705 | +45.5% |
| Other tangible fixed assets | 26 | €28,833 | €24,331 | -€4,502 | -15.6% |
| Current assets | 29/58 | €258,388 | €349,348 | +€90,959 | +35.2% |
| Cash at bank and in hand | 54/58 | €237,580 | €317,938 | +€80,358 | +33.8% |
| Deferred charges and accrued income | 490/1 | €20,809 | €31,410 | +€10,601 | +50.9% |
| Total equity and liabilities | 10/49 | €873,495 | €936,267 | +€62,773 | +7.2% |
| Equity | 10/15 | €504,394 | €610,728 | +€106,333 | +21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €498,194 | €604,528 | +€106,333 | +21.3% |
| Distributable reserves | 133 | €498,194 | €604,528 | +€106,333 | +21.3% |
| Amounts payable | 17/49 | €369,100 | €325,539 | -€43,561 | -11.8% |
| Amounts payable after more than one year | 17 | €254,541 | €195,572 | -€58,969 | -23.2% |
| Financial debts | 170/4 | €254,541 | €195,572 | -€58,969 | -23.2% |
| Amounts payable within one year | 42/48 | €106,205 | €121,579 | +€15,374 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €56,740 | €58,969 | +€2,229 | +3.9% |
| Trade debts | 44 | €5,214 | €19,245 | +€14,031 | +269% |
| Suppliers | 440/4 | €5,214 | €19,245 | +€14,031 | +269% |
| Taxes, remuneration and social security | 45 | €33,420 | €31,882 | -€1,539 | -4.6% |
| Taxes | 450/3 | €28,420 | €26,882 | -€1,539 | -5.4% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €10,831 | €11,483 | +€652 | +6.0% |
| Accrued charges and deferred income | 492/3 | €8,354 | €8,389 | +€35 | +0.4% |
| Non-recurring operating income | 76A | - | €2,750 | +€2,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,821 | €67,755 | +€9,934 | +17.2% |
| Other operating charges | 640/8 | €12,220 | €8,156 | -€4,064 | -33.3% |
| Non-recurring operating charges | 66A | €1,245 | €112 | -€1,133 | -91.0% |
| Gross operating margin | 9900 | €237,592 | €336,400 | +€98,807 | +41.6% |
| Operating profit (loss) | 9901 | €166,306 | €260,376 | +€94,070 | +56.6% |
| Financial income | 75/76B | €1,083 | €376 | -€707 | -65.2% |
| Recurring financial income | 75 | €1,083 | €376 | -€707 | -65.2% |
| Financial charges | 65/66B | €15,390 | €15,739 | +€349 | +2.3% |
| Recurring financial charges | 65 | €15,390 | €15,739 | +€349 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €151,999 | €245,014 | +€93,015 | +61.2% |
| Income taxes | 67/77 | €47,839 | €76,180 | +€28,341 | +59.2% |
| Profit (loss) for the period | 9904 | €104,160 | €168,833 | +€64,674 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €104,160 | €168,833 | +€64,674 | +62.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.