C.R. 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.
C.R. Welding
Largest movements
- Cash +€144,073
up €144,073 (+74.2%), from €194,152 to €338,225
mainly Net result for the year (+€151,286) and Tax, wage and social debts (+€50,593)
- Tangible fixed assets +€28,301
up €28,301 (+108%), from €26,259 to €54,560
of which Plant, machinery and equipment: +€34,116
- Receivables within one year +€18,660
up €18,660 (+212%), from €8,815 to €27,475
of which Trade receivables: +€14,680
- Financial fixed assets +€4,950
new in 2025: €4,950
- Reserves +€151,286
up €151,286 (+99.8%), from €151,560 to €302,845
- Tax, wage and social debts +€50,593
up €50,593 (+105%), from €48,271 to €98,863
of which Taxes: +€47,446
- Other debts -€15,987
down €15,987 (-67.4%), from €23,737 to €7,750
- Trade debts +€12,442
up €12,442 (+1,891%), from €658 to €13,100
- Staff costs +€31,941
new in 2025: €31,941
- Gross operating margin +€29,804
up €29,804 (+13.4%), from €222,912 to €252,716
- Depreciation -€6,097
down €6,097 (-29.3%), from €20,835 to €14,738
- Other operating charges +€4,809
up €4,809 (+198%), from €2,432 to €7,241
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 | €229,225 | €427,559 | +€198,333 | +86.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €26,259 | €59,510 | +€33,251 | +127% |
| Tangible fixed assets | 22/27 | €26,259 | €54,560 | +€28,301 | +108% |
| Plant, machinery and equipment | 23 | - | €34,116 | +€34,116 | |
| Furniture and vehicles | 24 | €26,259 | €20,443 | -€5,816 | -22.1% |
| Financial fixed assets | 28 | - | €4,950 | +€4,950 | |
| Current assets | 29/58 | €202,966 | €368,049 | +€165,083 | +81.3% |
| Amounts receivable within one year | 40/41 | €8,815 | €27,475 | +€18,660 | +212% |
| Trade receivables | 40 | €8,141 | €22,821 | +€14,680 | +180% |
| Other amounts receivable | 41 | €673 | €4,654 | +€3,980 | +591% |
| Cash at bank and in hand | 54/58 | €194,152 | €338,225 | +€144,073 | +74.2% |
| Deferred charges and accrued income | 490/1 | - | €2,349 | +€2,349 | |
| Total equity and liabilities | 10/49 | €229,225 | €427,559 | +€198,333 | +86.5% |
| Equity | 10/15 | €156,560 | €307,845 | +€151,286 | +96.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €151,560 | €302,845 | +€151,286 | +99.8% |
| Distributable reserves | 133 | €151,560 | €302,845 | +€151,286 | +99.8% |
| Amounts payable | 17/49 | €72,666 | €119,713 | +€47,047 | +64.7% |
| Amounts payable within one year | 42/48 | €72,666 | €119,713 | +€47,047 | +64.7% |
| Trade debts | 44 | €658 | €13,100 | +€12,442 | +1,891% |
| Suppliers | 440/4 | €658 | €13,100 | +€12,442 | +1,891% |
| Taxes, remuneration and social security | 45 | €48,271 | €98,863 | +€50,593 | +105% |
| Taxes | 450/3 | €48,271 | €95,717 | +€47,446 | +98.3% |
| Remuneration and social security | 454/9 | - | €3,146 | +€3,146 | |
| Other amounts payable | 47/48 | €23,737 | €7,750 | -€15,987 | -67.4% |
| Remuneration, social security and pensions | 62 | - | €31,941 | +€31,941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,835 | €14,738 | -€6,097 | -29.3% |
| Other operating charges | 640/8 | €2,432 | €7,241 | +€4,809 | +198% |
| Gross operating margin | 9900 | €222,912 | €252,716 | +€29,804 | +13.4% |
| Operating profit (loss) | 9901 | €199,645 | €198,796 | -€849 | -0.4% |
| Financial income | 75/76B | €11 | €3 | -€8 | -75.3% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -75.3% |
| Financial charges | 65/66B | €175 | €250 | +€75 | +42.8% |
| Recurring financial charges | 65 | €175 | €250 | +€75 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €199,480 | €198,548 | -€932 | -0.5% |
| Income taxes | 67/77 | €47,921 | €47,262 | -€658 | -1.4% |
| Profit (loss) for the period | 9904 | €151,560 | €151,286 | -€274 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €151,560 | €151,286 | -€274 | -0.2% |
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 13 October 2026 via checked.be.