Welwitschia: 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.
Welwitschia
Largest movements
- Cash +€89,982
up €89,982 (+117%), from €76,584 to €166,567
mainly Net result for the year (+€82,133) and Depreciation (+€7,935)
- Tangible fixed assets -€4,909
down €4,909 (-44.7%), from €10,987 to €6,078
of which Furniture and vehicles: -€4,209
- Reserves +€82,133
up €82,133 (+107%), from €76,958 to €159,091
- Tax, wage and social debts +€4,466
up €4,466 (+16.4%), from €27,301 to €31,767
- Other debts -€2,693
down €2,693 (-71.1%), from €3,786 to €1,093
- Gross operating margin +€6,482
up €6,482 (+6.1%), from €106,900 to €113,382
- Taxes +€1,875
up €1,875 (+9.1%), from €20,620 to €22,496
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 | €109,633 | €193,261 | +€83,628 | +76.3% |
| Fixed assets | 21/28 | €11,237 | €6,328 | -€4,909 | -43.7% |
| Tangible fixed assets | 22/27 | €10,987 | €6,078 | -€4,909 | -44.7% |
| Furniture and vehicles | 24 | €7,585 | €3,376 | -€4,209 | -55.5% |
| Other tangible fixed assets | 26 | €3,402 | €2,702 | -€700 | -20.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €98,396 | €186,933 | +€88,537 | +90.0% |
| Amounts receivable within one year | 40/41 | €20,721 | €20,098 | -€623 | -3.0% |
| Trade receivables | 40 | €20,717 | €20,098 | -€618 | -3.0% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €76,584 | €166,567 | +€89,982 | +117% |
| Deferred charges and accrued income | 490/1 | €1,091 | €268 | -€823 | -75.4% |
| Total equity and liabilities | 10/49 | €109,633 | €193,261 | +€83,628 | +76.3% |
| Equity | 10/15 | €77,958 | €160,091 | +€82,133 | +105% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €76,958 | €159,091 | +€82,133 | +107% |
| Distributable reserves | 133 | €76,958 | €159,091 | +€82,133 | +107% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €31,675 | €33,170 | +€1,495 | +4.7% |
| Amounts payable within one year | 42/48 | €31,675 | €33,170 | +€1,495 | +4.7% |
| Financial debts | 43 | €147 | €0 | -€147 | -100% |
| Credit institutions | 430/8 | €147 | €0 | -€147 | -100% |
| Trade debts | 44 | €441 | €311 | -€130 | -29.6% |
| Suppliers | 440/4 | €441 | €311 | -€130 | -29.6% |
| Taxes, remuneration and social security | 45 | €27,301 | €31,767 | +€4,466 | +16.4% |
| Taxes | 450/3 | €27,301 | €31,767 | +€4,466 | +16.4% |
| Other amounts payable | 47/48 | €3,786 | €1,093 | -€2,693 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,874 | €7,935 | +€1,061 | +15.4% |
| Other operating charges | 640/8 | €1,095 | €517 | -€578 | -52.8% |
| Gross operating margin | 9900 | €106,900 | €113,382 | +€6,482 | +6.1% |
| Operating profit (loss) | 9901 | €98,932 | €104,930 | +€5,998 | +6.1% |
| Financial income | 75/76B | €73 | €36 | -€37 | -51.1% |
| Recurring financial income | 75 | €73 | €36 | -€37 | -51.1% |
| Financial charges | 65/66B | €196 | €338 | +€141 | +72.1% |
| Recurring financial charges | 65 | €196 | €338 | +€141 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €98,809 | €104,628 | +€5,819 | +5.9% |
| Income taxes | 67/77 | €20,620 | €22,496 | +€1,875 | +9.1% |
| Profit (loss) for the period | 9904 | €78,189 | €82,133 | +€3,944 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,189 | €82,133 | +€3,944 | +5.0% |
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 21 October 2026 via checked.be.