ALL-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-WELD
Largest movements
- Cash +€79,440
up €79,440 (+60.5%), from €131,285 to €210,725
mainly Depreciation (+€59,518) and Receivables within one year (+€36,463)
- Receivables within one year -€36,463
down €36,463 (-58.0%), from €62,869 to €26,406
of which Trade receivables: -€32,584
- Tangible fixed assets -€30,491
down €30,491 (-5.5%), from €551,086 to €520,596
of which Land and buildings: -€40,224
- Debts after one year -€32,353
down €32,353 (-8.1%), from €401,857 to €369,504
- Reserves +€16,000
up €16,000 (+7.0%), from €227,571 to €243,571
of which Distributable reserves: +€16,000
- Trade debts +€12,692
up €12,692 (+28.9%), from €43,849 to €56,541
- Other debts +€8,280
up €8,280 (+16.3%), from €50,762 to €59,042
- Financial charges -€3,045
down €3,045 (-20.1%), from €15,119 to €12,074
- Other operating charges -€2,735
down €2,735 (-36.5%), from €7,490 to €4,755
- Depreciation +€2,082
up €2,082 (+3.6%), from €57,436 to €59,518
- Taxes +€1,321
up €1,321 (+21.3%), from €6,202 to €7,523
- Gross operating margin -€1,056
down €1,056 (-1.0%), from €101,014 to €99,958
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 | €772,183 | €779,151 | +€6,967 | +0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €551,086 | €520,596 | -€30,491 | -5.5% |
| Tangible fixed assets | 22/27 | €551,086 | €520,596 | -€30,491 | -5.5% |
| Land and buildings | 22 | €525,618 | €485,395 | -€40,224 | -7.7% |
| Plant, machinery and equipment | 23 | €21,619 | €33,556 | +€11,937 | +55.2% |
| Furniture and vehicles | 24 | €3,849 | €1,645 | -€2,204 | -57.3% |
| Current assets | 29/58 | €221,097 | €258,555 | +€37,458 | +16.9% |
| Stocks and contracts in progress | 3 | €26,943 | €21,424 | -€5,519 | -20.5% |
| Stocks | 30/36 | €13,473 | €15,472 | +€1,999 | +14.8% |
| Contracts in progress | 37 | €13,470 | €5,952 | -€7,518 | -55.8% |
| Amounts receivable within one year | 40/41 | €62,869 | €26,406 | -€36,463 | -58.0% |
| Trade receivables | 40 | €49,685 | €17,102 | -€32,584 | -65.6% |
| Other amounts receivable | 41 | €13,184 | €9,304 | -€3,879 | -29.4% |
| Cash at bank and in hand | 54/58 | €131,285 | €210,725 | +€79,440 | +60.5% |
| Total equity and liabilities | 10/49 | €772,183 | €779,151 | +€6,967 | +0.9% |
| Equity | 10/15 | €240,690 | €256,690 | +€16,000 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,571 | €243,571 | +€16,000 | +7.0% |
| Tax-exempt reserves | 132 | €2,071 | €2,071 | = | 0.0% |
| Distributable reserves | 133 | €225,500 | €241,500 | +€16,000 | +7.1% |
| Profit (loss) carried forward | 14 | €720 | €720 | +€0 | 0.0% |
| Amounts payable | 17/49 | €531,493 | €522,460 | -€9,033 | -1.7% |
| Amounts payable after more than one year | 17 | €401,857 | €369,504 | -€32,353 | -8.1% |
| Financial debts | 170/4 | €401,857 | €369,504 | -€32,353 | -8.1% |
| Amounts payable within one year | 42/48 | €129,636 | €152,956 | +€23,320 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €32,020 | €32,353 | +€334 | +1.0% |
| Trade debts | 44 | €43,849 | €56,541 | +€12,692 | +28.9% |
| Suppliers | 440/4 | €43,849 | €56,541 | +€12,692 | +28.9% |
| Taxes, remuneration and social security | 45 | €3,005 | €5,020 | +€2,015 | +67.0% |
| Taxes | 450/3 | €3,005 | €5,020 | +€2,015 | +67.0% |
| Other amounts payable | 47/48 | €50,762 | €59,042 | +€8,280 | +16.3% |
| Remuneration, social security and pensions | 62 | €202 | €142 | -€59 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,436 | €59,518 | +€2,082 | +3.6% |
| Other operating charges | 640/8 | €7,490 | €4,755 | -€2,735 | -36.5% |
| Gross operating margin | 9900 | €101,014 | €99,958 | -€1,056 | -1.0% |
| Operating profit (loss) | 9901 | €35,887 | €35,543 | -€344 | -1.0% |
| Financial income | 75/76B | €41 | €54 | +€13 | +31.8% |
| Recurring financial income | 75 | €41 | €54 | +€13 | +31.8% |
| Financial charges | 65/66B | €15,119 | €12,074 | -€3,045 | -20.1% |
| Recurring financial charges | 65 | €15,119 | €12,074 | -€3,045 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €20,809 | €23,523 | +€2,714 | +13.0% |
| Income taxes | 67/77 | €6,202 | €7,523 | +€1,321 | +21.3% |
| Profit (loss) for the period | 9904 | €14,607 | €16,000 | +€1,393 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,607 | €16,000 | +€1,393 | +9.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.