WelWel: 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.
WelWel
Largest movements
- Receivables within one year +€9,940
up €9,940 (+2,282%), from €436 to €10,375
of which Trade receivables: +€7,207
- Tangible fixed assets +€2,917
up €2,917 (+139%), from €2,093 to €5,010
of which Plant, machinery and equipment: +€1,710
- Cash -€2,054
down €2,054 (-24.3%), from €8,470 to €6,416
mainly Other debts (-€10,353) and Receivables within one year (-€9,940)
- Profit (loss) carried forward +€19,869
up €19,869, from -€9,739 to €10,130
- Other debts -€10,353
no longer reported in 2025 (was €10,353)
- Trade debts +€2,618
up €2,618 (+129%), from €2,033 to €4,651
- Tax, wage and social debts -€1,332
down €1,332 (-25.9%), from €5,153 to €3,821
- Gross operating margin +€26,682
up €26,682, from -€4,426 to €22,257
- Depreciation +€489
up €489 (+57.5%), from €850 to €1,338
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.
Derived cash bridge
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 | €14,999 | €25,802 | +€10,802 | +72.0% |
| Fixed assets | 21/28 | €2,093 | €5,010 | +€2,917 | +139% |
| Tangible fixed assets | 22/27 | €2,093 | €5,010 | +€2,917 | +139% |
| Plant, machinery and equipment | 23 | €1,240 | €2,950 | +€1,710 | +138% |
| Furniture and vehicles | 24 | €853 | €2,060 | +€1,207 | +141% |
| Current assets | 29/58 | €12,906 | €20,791 | +€7,886 | +61.1% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €436 | €10,375 | +€9,940 | +2,282% |
| Trade receivables | 40 | €436 | €7,642 | +€7,207 | +1,654% |
| Other amounts receivable | 41 | - | €2,733 | +€2,733 | |
| Cash at bank and in hand | 54/58 | €8,470 | €6,416 | -€2,054 | -24.3% |
| Total equity and liabilities | 10/49 | €14,999 | €25,802 | +€10,802 | +72.0% |
| Equity | 10/15 | -€3,539 | €16,330 | +€19,869 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,739 | €10,130 | +€19,869 | |
| Amounts payable | 17/49 | €18,538 | €9,472 | -€9,067 | -48.9% |
| Amounts payable within one year | 42/48 | €17,538 | €8,472 | -€9,067 | -51.7% |
| Trade debts | 44 | €2,033 | €4,651 | +€2,618 | +129% |
| Suppliers | 440/4 | €2,033 | €4,651 | +€2,618 | +129% |
| Taxes, remuneration and social security | 45 | €5,153 | €3,821 | -€1,332 | -25.9% |
| Taxes | 450/3 | €5,153 | €3,821 | -€1,332 | -25.9% |
| Other amounts payable | 47/48 | €10,353 | - | -€10,353 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €850 | €1,338 | +€489 | +57.5% |
| Other operating charges | 640/8 | €789 | €1,005 | +€216 | +27.4% |
| Gross operating margin | 9900 | -€4,426 | €22,257 | +€26,682 | |
| Operating profit (loss) | 9901 | -€6,064 | €19,913 | +€25,977 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +35.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +35.0% |
| Financial charges | 65/66B | €4 | €45 | +€41 | +1,008% |
| Recurring financial charges | 65 | €4 | €45 | +€41 | +1,008% |
| Profit (loss) for the period before taxes | 9903 | -€6,067 | €19,869 | +€25,937 | |
| Profit (loss) for the period | 9904 | -€6,067 | €19,869 | +€25,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,067 | €19,869 | +€25,937 |
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 15 October 2026 via checked.be.