CBL-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.
CBL-WELDING
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+130.6%), from €1.5m to €3.5m
of which Land and buildings: +€2.0m
- Stocks and contracts +€448,456
up €448,456 (+17.9%), from €2.5m to €3.0m
- Cash +€179,649
up €179,649 (+522.3%), from €34,396 to €214,045
mainly Debts after one year (+€1.7m) and Net result for the year (+€802,917)
- Receivables within one year +€106,533
up €106,533 (+4.4%), from €2.4m to €2.5m
of which Other amounts receivable: +€383,844
- Debts after one year +€1.7m
up €1.7m (+217.7%), from €797,793 to €2.5m
- Reserves +€602,917
up €602,917 (+20.0%), from €3.0m to €3.6m
of which Distributable reserves: +€602,917
- Other debts +€200,000
up €200,000, from €0 to €200,000
- Trade debts +€129,397
up €129,397 (+9.0%), from €1.4m to €1.6m
- Current portion of long-term debt +€111,717
up €111,717 (+73.0%), from €153,080 to €264,797
- Depreciation +€485,691
up €485,691 (+378.7%), from €128,263 to €613,954
- Gross operating margin +€477,747
up €477,747 (+26.4%), from €1.8m to €2.3m
- Financial charges +€52,784
up €52,784 (+83.7%), from €63,098 to €115,883
- Taxes -€40,509
down €40,509 (-12.6%), from €320,889 to €280,380
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 | €6,490,513 | €9,173,911 | +€2.7m | +41.3% |
| Fixed assets | 21/28 | €1,510,573 | €3,483,400 | +€2.0m | +130.6% |
| Tangible fixed assets | 22/27 | €1,510,573 | €3,483,400 | +€2.0m | +130.6% |
| Land and buildings | 22 | €1,347,832 | €3,354,102 | +€2.0m | +148.9% |
| Plant, machinery and equipment | 23 | €3,378 | €15,092 | +€11,714 | +346.8% |
| Furniture and vehicles | 24 | €159,363 | €114,206 | -€45,157 | -28.3% |
| Current assets | 29/58 | €4,979,940 | €5,690,512 | +€710,571 | +14.3% |
| Stocks and contracts in progress | 3 | €2,506,233 | €2,954,689 | +€448,456 | +17.9% |
| Stocks | 30/36 | €2,506,233 | €2,954,689 | +€448,456 | +17.9% |
| Amounts receivable within one year | 40/41 | €2,401,228 | €2,507,761 | +€106,533 | +4.4% |
| Trade receivables | 40 | €1,875,008 | €1,597,697 | -€277,312 | -14.8% |
| Other amounts receivable | 41 | €526,220 | €910,064 | +€383,844 | +72.9% |
| Cash at bank and in hand | 54/58 | €34,396 | €214,045 | +€179,649 | +522.3% |
| Deferred charges and accrued income | 490/1 | €38,083 | €14,017 | -€24,066 | -63.2% |
| Total equity and liabilities | 10/49 | €6,490,513 | €9,173,911 | +€2.7m | +41.3% |
| Equity | 10/15 | €3,029,805 | €3,632,722 | +€602,917 | +19.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,011,255 | €3,614,172 | +€602,917 | +20.0% |
| Non-distributable reserves | 130/1 | €5,578 | €5,578 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,578 | €5,578 | = | 0.0% |
| Tax-exempt reserves | 132 | €568,350 | €568,350 | = | 0.0% |
| Distributable reserves | 133 | €2,437,327 | €3,040,244 | +€602,917 | +24.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,460,708 | €5,541,190 | +€2.1m | +60.1% |
| Amounts payable after more than one year | 17 | €797,793 | €2,534,860 | +€1.7m | +217.7% |
| Financial debts | 170/4 | €797,793 | €2,534,860 | +€1.7m | +217.7% |
| Amounts payable within one year | 42/48 | €2,662,915 | €3,006,329 | +€343,414 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €153,080 | €264,797 | +€111,717 | +73.0% |
| Financial debts | 43 | €955,926 | €915,678 | -€40,247 | -4.2% |
| Credit institutions | 430/8 | €955,926 | €915,678 | -€40,247 | -4.2% |
| Trade debts | 44 | €1,436,728 | €1,566,125 | +€129,397 | +9.0% |
| Suppliers | 440/4 | €1,436,728 | €1,566,125 | +€129,397 | +9.0% |
| Taxes, remuneration and social security | 45 | €117,182 | €59,730 | -€57,452 | -49.0% |
| Taxes | 450/3 | €75,889 | €28,710 | -€47,179 | -62.2% |
| Remuneration and social security | 454/9 | €41,293 | €31,019 | -€10,274 | -24.9% |
| Other amounts payable | 47/48 | €0 | €200,000 | +€200,000 | |
| Non-recurring operating income | 76A | €274 | €429,869 | +€429,595 | +156803.6% |
| Remuneration, social security and pensions | 62 | €475,280 | €482,396 | +€7,116 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,263 | €613,954 | +€485,691 | +378.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,492 | €0 | -€14,492 | -100.0% |
| Other operating charges | 640/8 | €18,771 | €23,605 | +€4,833 | +25.7% |
| Gross operating margin | 9900 | €1,809,648 | €2,287,395 | +€477,747 | +26.4% |
| Operating profit (loss) | 9901 | €1,172,842 | €1,167,441 | -€5,401 | -0.5% |
| Financial income | 75/76B | €52,748 | €31,738 | -€21,010 | -39.8% |
| Recurring financial income | 75 | €52,748 | €31,738 | -€21,010 | -39.8% |
| Financial charges | 65/66B | €63,098 | €115,883 | +€52,784 | +83.7% |
| Recurring financial charges | 65 | €63,098 | €115,883 | +€52,784 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €1,162,491 | €1,083,296 | -€79,195 | -6.8% |
| Income taxes | 67/77 | €320,889 | €280,380 | -€40,509 | -12.6% |
| Profit (loss) for the period | 9904 | €841,602 | €802,917 | -€38,685 | -4.6% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €84,200 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €378,900 | €84,200 | -€294,700 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €546,902 | €802,917 | +€256,015 | +46.8% |
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 11 October 2026 via checked.be.