WELZIJN: 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.
WELZIJN
Largest movements
- Receivables within one year -€11,563
down €11,563 (-3.5%), from €329,805 to €318,242
of which Other amounts receivable: -€19,262
- Stocks and contracts +€11,115
up €11,115 (+10.1%), from €109,832 to €120,947
- Cash -€11,099
down €11,099 (-30.0%), from €36,991 to €25,893
mainly Short-term financial debts (-€16,669) and Stocks and contracts (-€11,115)
- Short-term financial debts -€16,669
down €16,669 (-6.7%), from €250,000 to €233,331
- Other debts +€13,431
up €13,431 (+530.2%), from €2,533 to €15,965
- Gross operating margin -€46,133
down €46,133 (-33.0%), from €139,694 to €93,561
- Staff costs +€24,874
up €24,874 (+38.5%), from €64,637 to €89,511
- Financial charges -€14,008
down €14,008 (-79.9%), from €17,541 to €3,533
- Taxes -€11,112
down €11,112 (-88.0%), from €12,620 to €1,508
- Financial income +€9,249
up €9,249 (+292.1%), from €3,166 to €12,415
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 | €529,629 | €520,956 | -€8,673 | -1.6% |
| Fixed assets | 21/28 | €53,001 | €50,875 | -€2,126 | -4.0% |
| Tangible fixed assets | 22/27 | €52,959 | €50,833 | -€2,126 | -4.0% |
| Land and buildings | 22 | €41,436 | €37,974 | -€3,461 | -8.4% |
| Furniture and vehicles | 24 | €1,094 | €3,959 | +€2,865 | +261.9% |
| Other tangible fixed assets | 26 | €10,429 | €8,900 | -€1,529 | -14.7% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €476,628 | €470,081 | -€6,547 | -1.4% |
| Stocks and contracts in progress | 3 | €109,832 | €120,947 | +€11,115 | +10.1% |
| Stocks | 30/36 | €109,832 | €120,947 | +€11,115 | +10.1% |
| Amounts receivable within one year | 40/41 | €329,805 | €318,242 | -€11,563 | -3.5% |
| Trade receivables | 40 | €149,917 | €157,615 | +€7,699 | +5.1% |
| Other amounts receivable | 41 | €179,889 | €160,626 | -€19,262 | -10.7% |
| Cash at bank and in hand | 54/58 | €36,991 | €25,893 | -€11,099 | -30.0% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €529,629 | €520,956 | -€8,673 | -1.6% |
| Equity | 10/15 | €195,630 | €196,162 | +€532 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,430 | €189,962 | +€532 | +0.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €187,571 | €188,103 | +€532 | +0.3% |
| Amounts payable | 17/49 | €333,999 | €324,794 | -€9,205 | -2.8% |
| Amounts payable within one year | 42/48 | €333,999 | €324,794 | -€9,205 | -2.8% |
| Financial debts | 43 | €250,000 | €233,331 | -€16,669 | -6.7% |
| Credit institutions | 430/8 | €250,000 | €233,331 | -€16,669 | -6.7% |
| Trade debts | 44 | €73,789 | €71,940 | -€1,849 | -2.5% |
| Suppliers | 440/4 | €73,789 | €71,940 | -€1,849 | -2.5% |
| Taxes, remuneration and social security | 45 | €7,677 | €3,558 | -€4,118 | -53.6% |
| Taxes | 450/3 | €2,152 | €34 | -€2,118 | -98.4% |
| Remuneration and social security | 454/9 | €5,525 | €3,525 | -€2,000 | -36.2% |
| Other amounts payable | 47/48 | €2,533 | €15,965 | +€13,431 | +530.2% |
| Remuneration, social security and pensions | 62 | €64,637 | €89,511 | +€24,874 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,978 | €8,452 | +€475 | +6.0% |
| Other operating charges | 640/8 | €2,862 | €2,440 | -€422 | -14.8% |
| Non-recurring operating charges | 66A | €487 | - | -€487 | |
| Gross operating margin | 9900 | €139,694 | €93,561 | -€46,133 | -33.0% |
| Operating profit (loss) | 9901 | €63,731 | -€6,842 | -€70,572 | |
| Financial income | 75/76B | €3,166 | €12,415 | +€9,249 | +292.1% |
| Recurring financial income | 75 | €3,166 | €12,415 | +€9,249 | +292.1% |
| Financial charges | 65/66B | €17,541 | €3,533 | -€14,008 | -79.9% |
| Recurring financial charges | 65 | €17,541 | €3,533 | -€14,008 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €49,356 | €2,041 | -€47,315 | -95.9% |
| Income taxes | 67/77 | €12,620 | €1,508 | -€11,112 | -88.0% |
| Profit (loss) for the period | 9904 | €36,736 | €532 | -€36,203 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,736 | €532 | -€36,203 | -98.6% |
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 11 October 2026 via checked.be.