AB Pipe Welding: 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.
AB Pipe Welding
Largest movements
- Cash +€58,582
up €58,582 (+81.6%), from €71,774 to €130,356
mainly Net result for the year (+€55,125) and Other debts (+€26,385)
- Receivables within one year +€8,677
up €8,677 (+8.8%), from €98,692 to €107,368
of which Trade receivables: +€8,299
- Tangible fixed assets +€8,658
up €8,658 (+4.3%), from €199,672 to €208,329
of which Furniture and vehicles: +€17,941
- Reserves +€55,125
up €55,125 (+18.1%), from €304,450 to €359,575
of which Distributable reserves: +€55,125
- Debts after one year -€29,069
down €29,069 (-71.4%), from €40,712 to €11,642
- Other debts +€26,385
up €26,385, from €0 to €26,385
- Current portion of long-term debt +€15,313
up €15,313 (+49.0%), from €31,245 to €46,558
- Tax, wage and social debts +€4,850
up €4,850 (+365%), from €1,329 to €6,179
- Gross operating margin +€35,649
up €35,649 (+49.2%), from €72,481 to €108,130
- Taxes +€9,850
up €9,850 (+61.4%), from €16,048 to €25,898
- Depreciation +€9,628
up €9,628 (+67.9%), from €14,188 to €23,816
- Other operating charges -€4,870
down €4,870 (-81.6%), from €5,969 to €1,099
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 | €394,883 | €469,659 | +€74,776 | +18.9% |
| Fixed assets | 21/28 | €199,672 | €208,329 | +€8,658 | +4.3% |
| Tangible fixed assets | 22/27 | €199,672 | €208,329 | +€8,658 | +4.3% |
| Land and buildings | 22 | €193,741 | €184,458 | -€9,283 | -4.8% |
| Furniture and vehicles | 24 | €5,930 | €23,871 | +€17,941 | +303% |
| Current assets | 29/58 | €195,211 | €261,330 | +€66,119 | +33.9% |
| Stocks and contracts in progress | 3 | €23,171 | €22,031 | -€1,141 | -4.9% |
| Stocks | 30/36 | €23,171 | €22,031 | -€1,141 | -4.9% |
| Amounts receivable within one year | 40/41 | €98,692 | €107,368 | +€8,677 | +8.8% |
| Trade receivables | 40 | €8,548 | €16,847 | +€8,299 | +97.1% |
| Other amounts receivable | 41 | €90,144 | €90,522 | +€377 | +0.4% |
| Cash at bank and in hand | 54/58 | €71,774 | €130,356 | +€58,582 | +81.6% |
| Deferred charges and accrued income | 490/1 | €1,574 | €1,574 | = | 0.0% |
| Total equity and liabilities | 10/49 | €394,883 | €469,659 | +€74,776 | +18.9% |
| Equity | 10/15 | €310,650 | €365,775 | +€55,125 | +17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €304,450 | €359,575 | +€55,125 | +18.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €304,450 | €359,575 | +€55,125 | +18.1% |
| Amounts payable | 17/49 | €84,233 | €103,884 | +€19,652 | +23.3% |
| Amounts payable after more than one year | 17 | €40,712 | €11,642 | -€29,069 | -71.4% |
| Financial debts | 170/4 | €40,712 | €11,642 | -€29,069 | -71.4% |
| Amounts payable within one year | 42/48 | €42,037 | €90,758 | +€48,721 | +116% |
| Current portion of amounts payable after more than one year | 42 | €31,245 | €46,558 | +€15,313 | +49.0% |
| Financial debts | 43 | €5,536 | €7,212 | +€1,676 | +30.3% |
| Credit institutions | 430/8 | €5,536 | €7,212 | +€1,676 | +30.3% |
| Trade debts | 44 | €3,927 | €4,425 | +€498 | +12.7% |
| Suppliers | 440/4 | €3,927 | €4,425 | +€498 | +12.7% |
| Taxes, remuneration and social security | 45 | €1,329 | €6,179 | +€4,850 | +365% |
| Taxes | 450/3 | €1,329 | €6,179 | +€4,850 | +365% |
| Other amounts payable | 47/48 | €0 | €26,385 | +€26,385 | |
| Accrued charges and deferred income | 492/3 | €1,484 | €1,484 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,188 | €23,816 | +€9,628 | +67.9% |
| Other operating charges | 640/8 | €5,969 | €1,099 | -€4,870 | -81.6% |
| Gross operating margin | 9900 | €72,481 | €108,130 | +€35,649 | +49.2% |
| Operating profit (loss) | 9901 | €52,324 | €83,215 | +€30,891 | +59.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,052 | €2,193 | +€141 | +6.9% |
| Recurring financial charges | 65 | €2,052 | €2,193 | +€141 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €50,272 | €81,022 | +€30,750 | +61.2% |
| Income taxes | 67/77 | €16,048 | €25,898 | +€9,850 | +61.4% |
| Profit (loss) for the period | 9904 | €34,225 | €55,125 | +€20,900 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,225 | €55,125 | +€20,900 | +61.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.