ALL MARK AND WELD: 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.
ALL MARK AND WELD
Largest movements
- Cash +€29,341
up €29,341 (+17.8%), from €164,448 to €193,789
mainly Net result for the year (+€74,459) and Depreciation (+€34,050)
- Tangible fixed assets -€25,706
down €25,706 (-36.4%), from €70,563 to €44,857
- Receivables within one year +€15,194
up €15,194 (+21.8%), from €69,799 to €84,993
of which Trade receivables: +€15,028
- Profit (loss) carried forward +€74,459
up €74,459 (+49.6%), from €150,064 to €224,523
- Trade debts -€30,344
down €30,344 (-78.7%), from €38,565 to €8,221
- Current portion of long-term debt -€11,801
down €11,801 (-60.9%), from €19,378 to €7,577
- Other debts -€10,997
down €10,997 (-14.3%), from €76,702 to €65,705
- Debts after one year -€7,577
no longer reported in 2025 (was €7,577)
- Gross operating margin +€15,065
up €15,065 (+13.3%), from €113,666 to €128,731
- Taxes +€3,084
up €3,084 (+19.7%), from €15,670 to €18,754
- Depreciation -€2,934
down €2,934 (-7.9%), from €36,984 to €34,050
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 | €315,920 | €333,249 | +€17,329 | +5.5% |
| Fixed assets | 21/28 | €70,563 | €44,857 | -€25,706 | -36.4% |
| Tangible fixed assets | 22/27 | €70,563 | €44,857 | -€25,706 | -36.4% |
| Land and buildings | 22 | €2,005 | - | -€2,005 | |
| Plant, machinery and equipment | 23 | €28,753 | €16,063 | -€12,690 | -44.1% |
| Furniture and vehicles | 24 | €39,805 | €28,794 | -€11,010 | -27.7% |
| Current assets | 29/58 | €245,357 | €288,392 | +€43,035 | +17.5% |
| Stocks and contracts in progress | 3 | €11,110 | €9,610 | -€1,500 | -13.5% |
| Stocks | 30/36 | €11,110 | €9,610 | -€1,500 | -13.5% |
| Amounts receivable within one year | 40/41 | €69,799 | €84,993 | +€15,194 | +21.8% |
| Trade receivables | 40 | €69,412 | €84,440 | +€15,028 | +21.6% |
| Other amounts receivable | 41 | €387 | €553 | +€166 | +43.0% |
| Cash at bank and in hand | 54/58 | €164,448 | €193,789 | +€29,341 | +17.8% |
| Total equity and liabilities | 10/49 | €315,920 | €333,249 | +€17,329 | +5.5% |
| Equity | 10/15 | €155,064 | €229,523 | +€74,459 | +48.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,064 | €224,523 | +€74,459 | +49.6% |
| Amounts payable | 17/49 | €160,856 | €103,726 | -€57,130 | -35.5% |
| Amounts payable after more than one year | 17 | €7,577 | - | -€7,577 | |
| Financial debts | 170/4 | €7,577 | - | -€7,577 | |
| Amounts payable within one year | 42/48 | €153,279 | €103,726 | -€49,553 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €19,378 | €7,577 | -€11,801 | -60.9% |
| Trade debts | 44 | €38,565 | €8,221 | -€30,344 | -78.7% |
| Suppliers | 440/4 | €38,565 | €8,221 | -€30,344 | -78.7% |
| Taxes, remuneration and social security | 45 | €18,634 | €22,223 | +€3,589 | +19.3% |
| Taxes | 450/3 | €18,634 | €22,223 | +€3,589 | +19.3% |
| Other amounts payable | 47/48 | €76,702 | €65,705 | -€10,997 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,984 | €34,050 | -€2,934 | -7.9% |
| Other operating charges | 640/8 | €204 | €720 | +€516 | +253% |
| Gross operating margin | 9900 | €113,666 | €128,731 | +€15,065 | +13.3% |
| Operating profit (loss) | 9901 | €76,479 | €93,961 | +€17,482 | +22.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,559 | €748 | -€811 | -52.0% |
| Recurring financial charges | 65 | €1,376 | €689 | -€687 | -49.9% |
| Non-recurring financial charges | 66B | €183 | €59 | -€124 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €74,919 | €93,213 | +€18,293 | +24.4% |
| Income taxes | 67/77 | €15,670 | €18,754 | +€3,084 | +19.7% |
| Profit (loss) for the period | 9904 | €59,249 | €74,459 | +€15,210 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,249 | €74,459 | +€15,210 | +25.7% |
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 28 October 2026 via checked.be.