WELTIC: 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.
WELTIC
Largest movements
- Cash +€15,063
up €15,063 (+71.2%), from €21,159 to €36,222
mainly Net result for the year (+€76,767) and Other debts (+€15,320)
- Tangible fixed assets -€9,113
down €9,113 (-94.2%), from €9,675 to €562
of which Leasing and similar rights: -€9,061
- Receivables within one year +€1,714
up €1,714 (+5.4%), from €31,966 to €33,680
of which Trade receivables: +€3,189
- Deferred charges and accrued income +€947
new in 2025: €947
- Other debts +€15,320
up €15,320 (+158.9%), from €9,644 to €24,965
- Current portion of long-term debt -€6,859
no longer reported in 2025 (was €6,859)
- Debts after one year -€3,521
no longer reported in 2025 (was €3,521)
- Short-term financial debts +€3,481
up €3,481 (+18.8%), from €18,519 to €22,000
- Trade debts +€2,038
up €2,038 (+325.4%), from €626 to €2,664
- Gross operating margin +€23,138
up €23,138 (+28.4%), from €81,399 to €104,537
- Depreciation -€6,891
down €6,891 (-99.3%), from €6,943 to €52
- Taxes +€6,795
up €6,795 (+40.7%), from €16,679 to €23,475
- Other operating charges +€1,334
up €1,334 (+124.4%), from €1,072 to €2,407
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 | €62,800 | €71,411 | +€8,611 | +13.7% |
| Fixed assets | 21/28 | €9,675 | €562 | -€9,113 | -94.2% |
| Tangible fixed assets | 22/27 | €9,675 | €562 | -€9,113 | -94.2% |
| Furniture and vehicles | 24 | €52 | - | -€52 | |
| Leasing and similar rights | 25 | €9,061 | - | -€9,061 | |
| Other tangible fixed assets | 26 | €562 | €562 | = | 0.0% |
| Current assets | 29/58 | €53,125 | €70,849 | +€17,724 | +33.4% |
| Amounts receivable within one year | 40/41 | €31,966 | €33,680 | +€1,714 | +5.4% |
| Trade receivables | 40 | €16,466 | €19,655 | +€3,189 | +19.4% |
| Other amounts receivable | 41 | €15,500 | €14,025 | -€1,475 | -9.5% |
| Cash at bank and in hand | 54/58 | €21,159 | €36,222 | +€15,063 | +71.2% |
| Deferred charges and accrued income | 490/1 | - | €947 | +€947 | |
| Total equity and liabilities | 10/49 | €62,800 | €71,411 | +€8,611 | +13.7% |
| Equity | 10/15 | €6,855 | €7,152 | +€297 | +4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €297 | +€297 | |
| Amounts payable | 17/49 | €55,945 | €64,260 | +€8,315 | +14.9% |
| Amounts payable after more than one year | 17 | €3,521 | - | -€3,521 | |
| Financial debts | 170/4 | €3,521 | - | -€3,521 | |
| Amounts payable within one year | 42/48 | €52,248 | €64,230 | +€11,981 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €6,859 | - | -€6,859 | |
| Financial debts | 43 | €18,519 | €22,000 | +€3,481 | +18.8% |
| Credit institutions | 430/8 | €18,519 | €22,000 | +€3,481 | +18.8% |
| Trade debts | 44 | €626 | €2,664 | +€2,038 | +325.4% |
| Suppliers | 440/4 | €626 | €2,664 | +€2,038 | +325.4% |
| Taxes, remuneration and social security | 45 | €16,600 | €14,601 | -€1,999 | -12.0% |
| Taxes | 450/3 | €16,600 | €14,601 | -€1,999 | -12.0% |
| Other amounts payable | 47/48 | €9,644 | €24,965 | +€15,320 | +158.9% |
| Accrued charges and deferred income | 492/3 | €176 | €30 | -€146 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,943 | €52 | -€6,891 | -99.3% |
| Other operating charges | 640/8 | €1,072 | €2,407 | +€1,334 | +124.4% |
| Gross operating margin | 9900 | €81,399 | €104,537 | +€23,138 | +28.4% |
| Operating profit (loss) | 9901 | €73,383 | €102,078 | +€28,695 | +39.1% |
| Financial income | 75/76B | €177 | - | -€177 | |
| Recurring financial income | 75 | €177 | - | -€177 | |
| Financial charges | 65/66B | €1,733 | €1,836 | +€103 | +5.9% |
| Recurring financial charges | 65 | €1,733 | €1,836 | +€103 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €71,827 | €100,242 | +€28,415 | +39.6% |
| Income taxes | 67/77 | €16,679 | €23,475 | +€6,795 | +40.7% |
| Profit (loss) for the period | 9904 | €55,147 | €76,767 | +€21,620 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,147 | €76,767 | +€21,620 | +39.2% |
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 12 October 2026 via checked.be.