Welvaeren: what changed
Welvaeren
Largest movements
- Tangible fixed assets -€21,193
down €21,193 (-18.3%), from €116,107 to €94,914
- Cash -€2,753
down €2,753 (-42.9%), from €6,413 to €3,660
mainly Debts after one year (-€40,055) and Smaller working-capital items (-€82)
- Debts after one year -€40,055
down €40,055 (-33.6%), from €119,225 to €79,171
of which Other amounts payable: -€27,325
- Profit (loss) carried forward +€14,577
up €14,577 (+4.5%), from -€323,136 to -€308,558
- Gross operating margin +€9,598
up €9,598 (+29.0%), from €33,115 to €42,713
- Financial charges -€739
down €739 (-16.7%), from €4,422 to €3,683
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,207 | €99,292 | -€23,915 | -19.4% |
| Fixed assets | 21/28 | €116,107 | €94,914 | -€21,193 | -18.3% |
| Tangible fixed assets | 22/27 | €116,107 | €94,914 | -€21,193 | -18.3% |
| Land and buildings | 22 | €116,107 | €94,914 | -€21,193 | -18.3% |
| Current assets | 29/58 | €7,099 | €4,378 | -€2,721 | -38.3% |
| Cash at bank and in hand | 54/58 | €6,413 | €3,660 | -€2,753 | -42.9% |
| Deferred charges and accrued income | 490/1 | €686 | €718 | +€32 | +4.7% |
| Total equity and liabilities | 10/49 | €123,207 | €99,292 | -€23,915 | -19.4% |
| Equity | 10/15 | -€11,136 | €3,442 | +€14,577 | |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,136 | -€308,558 | +€14,577 | +4.5% |
| Amounts payable | 17/49 | €134,342 | €95,850 | -€38,492 | -28.7% |
| Amounts payable after more than one year | 17 | €119,225 | €79,171 | -€40,055 | -33.6% |
| Financial debts | 170/4 | €49,638 | €36,908 | -€12,730 | -25.6% |
| Other amounts payable | 178/9 | €69,588 | €42,263 | -€27,325 | -39.3% |
| Amounts payable within one year | 42/48 | €13,942 | €14,680 | +€738 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €11,942 | €12,730 | +€788 | +6.6% |
| Trade debts | 44 | €2,000 | €1,950 | -€50 | -2.5% |
| Suppliers | 440/4 | €2,000 | €1,950 | -€50 | -2.5% |
| Accrued charges and deferred income | 492/3 | €1,175 | €2,000 | +€825 | +70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,193 | €21,193 | = | 0.0% |
| Other operating charges | 640/8 | €3,162 | €3,260 | +€98 | +3.1% |
| Gross operating margin | 9900 | €33,115 | €42,713 | +€9,598 | +29.0% |
| Operating profit (loss) | 9901 | €8,760 | €18,260 | +€9,500 | +108% |
| Financial charges | 65/66B | €4,422 | €3,683 | -€739 | -16.7% |
| Recurring financial charges | 65 | €4,422 | €3,683 | -€739 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €4,339 | €14,577 | +€10,239 | +236% |
| Profit (loss) for the period | 9904 | €4,339 | €14,577 | +€10,239 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €4,339 | €14,577 | +€10,239 | +236% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.