ARO WELDING TECHNOLOGIES: what changed
Two fiscal 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.
What changed
ARO WELDING TECHNOLOGIES
NACE 25.530, Machining of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€409,278
2024 · €330,133+€79,144
Equity
€1.8m
2024 · €1.9m-€90,722
Cash
€325,971
2024 · €466,804-€140,833
Balance sheet total
€2.5m
2024 · €2.9m-€368,558
Largest movements
Assets
- Receivables within one year -€163,339
down €163,339 (-8.6%), from €1.9m to €1.7m
of which Trade receivables: -€451,945
- Cash -€140,833
down €140,833 (-30.2%), from €466,804 to €325,971
mainly Contributions, distributions and other (-€500,000) and Trade debts (-€335,951)
- Stocks and contracts -€41,130
down €41,130 (-10.0%), from €410,889 to €369,759
Equity and liabilities
- Trade debts -€335,951
down €335,951 (-69.0%), from €486,543 to €150,591
- Profit (loss) carried forward -€90,722
down €90,722 (-5.5%), from €1.7m to €1.6m
- Provisions +€84,678
up €84,678 (+328.7%), from €25,759 to €110,437
- Advances received -€51,306
down €51,306 (-61.3%), from €83,680 to €32,375
Income statement
- Turnover +€582,572
up €582,572 (+7.7%), from €7.6m to €8.2m
- Services and other goods +€122,377
up €122,377 (+23.8%), from €513,652 to €636,029
- Financial income -€121,687
down €121,687 (-88.8%), from €137,040 to €15,354
- Taxes +€105,008
up €105,008 (+113.8%), from €92,311 to €197,319
- Staff costs +€98,911
up €98,911 (+6.2%), from €1.6m to €1.7m
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.
Result 2024
€330,133
Turnover
+€582,572
Other operating income
+€15,424
Goods and materials
-€5,456
Services and other goods
-€122,377
Staff costs
-€98,911
Depreciation
+€17,747
Write-downs
+€19,508
Provisions
+€4,162
Other operating charges
-€31
Other operating items
-€109,428
Financial income
-€121,687
Financial charges
+€2,629
Taxes
-€105,008
Result 2025
€409,278
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.
From operations
+€369,557
Investment
-€10,390
Financing
-€500,000
Cash 2024
€466,804
From operations (derived)
+€369,557
Net result for the year
+€409,278
Depreciation
+€31,440
Stocks and contracts
+€41,130
Receivables within one year
+€163,339
Deferred charges and accrued income
+€2,207
Provisions
+€84,678
Trade debts
-€335,951
Tax, wage and social debts
+€21,260
Advances received
-€51,306
Accrued charges and deferred income
+€3,482
Investment (derived)
-€10,390
Investment in fixed assets (net)
-€10,390
Financing
-€500,000
Contributions, distributions and other
-€500,000
Cash 2025
€325,971
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,911,582 | €2,543,024 | -€368,558 | -12.7% |
| Fixed assets | 21/28 | €117,941 | €96,892 | -€21,049 | -17.8% |
| Tangible fixed assets | 22/27 | €111,303 | €90,253 | -€21,049 | -18.9% |
| Plant, machinery and equipment | 23 | €70,411 | €65,308 | -€5,103 | -7.2% |
| Furniture and vehicles | 24 | €39,882 | €24,945 | -€14,936 | -37.5% |
| Other tangible fixed assets | 26 | €1,010 | - | -€1,010 | |
| Financial fixed assets | 28 | €6,639 | €6,639 | = | 0.0% |
| Affiliated companies | 280/1 | €6,639 | €6,639 | = | 0.0% |
| Participating interests | 280 | €6,639 | €6,639 | = | 0.0% |
| Current assets | 29/58 | €2,793,641 | €2,446,132 | -€347,509 | -12.4% |
| Stocks and contracts in progress | 3 | €410,889 | €369,759 | -€41,130 | -10.0% |
| Stocks | 30/36 | €410,889 | €369,759 | -€41,130 | -10.0% |
| Raw materials and consumables | 30/31 | €245,271 | €165,082 | -€80,189 | -32.7% |
| Finished goods | 33 | €136,933 | €128,534 | -€8,399 | -6.1% |
| Goods purchased for resale | 34 | €28,685 | €76,142 | +€47,458 | +165.4% |
| Amounts receivable within one year | 40/41 | €1,895,394 | €1,732,056 | -€163,339 | -8.6% |
| Trade receivables | 40 | €1,170,040 | €718,094 | -€451,945 | -38.6% |
| Other amounts receivable | 41 | €725,355 | €1,013,961 | +€288,607 | +39.8% |
| Cash at bank and in hand | 54/58 | €466,804 | €325,971 | -€140,833 | -30.2% |
| Deferred charges and accrued income | 490/1 | €20,553 | €18,346 | -€2,207 | -10.7% |
| Total equity and liabilities | 10/49 | €2,911,582 | €2,543,024 | -€368,558 | -12.7% |
| Equity | 10/15 | €1,871,619 | €1,780,897 | -€90,722 | -4.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,630 | €20,630 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,630 | €20,630 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €630 | +€630 | |
| Other | 1319 | €630 | - | -€630 | |
| Profit (loss) carried forward | 14 | €1,650,989 | €1,560,267 | -€90,722 | -5.5% |
| Provisions and deferred taxes | 16 | €25,759 | €110,437 | +€84,678 | +328.7% |
| Provisions for liabilities and charges | 160/5 | €25,759 | €110,437 | +€84,678 | +328.7% |
| Other liabilities and charges | 164/5 | €25,759 | €110,437 | +€84,678 | +328.7% |
| Amounts payable | 17/49 | €1,014,204 | €651,690 | -€362,514 | -35.7% |
| Amounts payable within one year | 42/48 | €955,717 | €589,721 | -€365,996 | -38.3% |
| Trade debts | 44 | €486,543 | €150,591 | -€335,951 | -69.0% |
| Suppliers | 440/4 | €486,543 | €150,591 | -€335,951 | -69.0% |
| Advances received on contracts in progress | 46 | €83,680 | €32,375 | -€51,306 | -61.3% |
| Taxes, remuneration and social security | 45 | €385,494 | €406,755 | +€21,260 | +5.5% |
| Taxes | 450/3 | €90,509 | - | -€90,509 | |
| Remuneration and social security | 454/9 | €294,985 | €406,755 | +€111,769 | +37.9% |
| Accrued charges and deferred income | 492/3 | €58,487 | €61,969 | +€3,482 | +6.0% |
| Operating income | 70/76A | €7,686,894 | €8,258,940 | +€572,047 | +7.4% |
| Turnover | 70 | €7,575,533 | €8,158,105 | +€582,572 | +7.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €17,550 | -€8,399 | -€25,949 | |
| Other operating income | 74 | €93,811 | €109,234 | +€15,424 | +16.4% |
| Operating charges | 60/66A | €7,388,135 | €7,656,972 | +€268,837 | +3.6% |
| Goods for resale, raw materials and consumables | 60 | €5,210,124 | €5,215,580 | +€5,456 | +0.1% |
| Purchases | 600/8 | €5,267,711 | €5,170,416 | -€97,296 | -1.8% |
| Change in stocks: decrease (increase) | 609 | -€57,587 | €45,164 | +€102,752 | |
| Services and other goods | 61 | €513,652 | €636,029 | +€122,377 | +23.8% |
| Remuneration, social security and pensions | 62 | €1,590,611 | €1,689,522 | +€98,911 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,187 | €31,440 | -€17,747 | -36.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,872 | -€3,635 | -€19,508 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,362 | €1,199 | -€4,162 | -77.6% |
| Other operating charges | 640/8 | €3,328 | €3,358 | +€31 | +0.9% |
| Non-recurring operating charges | 66A | - | €83,479 | +€83,479 | |
| Operating profit (loss) | 9901 | €298,758 | €601,968 | +€303,210 | +101.5% |
| Financial income | 75/76B | €137,040 | €15,354 | -€121,687 | -88.8% |
| Recurring financial income | 75 | €137,040 | €15,354 | -€121,687 | -88.8% |
| Income from financial fixed assets | 750 | €117,000 | - | -€117,000 | |
| Income from current assets | 751 | €19,927 | €15,227 | -€4,701 | -23.6% |
| Other financial income | 752/9 | €113 | €127 | +€14 | +12.5% |
| Financial charges | 65/66B | €13,354 | €10,725 | -€2,629 | -19.7% |
| Recurring financial charges | 65 | €13,354 | €10,725 | -€2,629 | -19.7% |
| Other financial charges | 652/9 | €13,354 | €10,725 | -€2,629 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €422,445 | €606,597 | +€184,152 | +43.6% |
| Income taxes | 67/77 | €92,311 | €197,319 | +€105,008 | +113.8% |
| Taxes | 670/3 | €92,311 | €197,319 | +€105,008 | +113.8% |
| Profit (loss) for the period | 9904 | €330,133 | €409,278 | +€79,144 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €330,133 | €409,278 | +€79,144 | +24.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.