D&D WELDING: 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.
D&D WELDING
Largest movements
- Stocks and contracts +€14,525
up €14,525 (+1315.7%), from €1,104 to €15,629
of which Contracts in progress: +€7,500
- Receivables within one year +€7,038
up €7,038 (+47.9%), from €14,697 to €21,735
of which Trade receivables: +€5,616
- Cash -€6,092
down €6,092 (-36.4%), from €16,748 to €10,656
mainly Stocks and contracts (-€14,525) and Receivables within one year (-€7,038)
- Financial fixed assets +€2,250
new in 2025: €2,250
- Tangible fixed assets -€1,542
down €1,542 (-13.7%), from €11,276 to €9,734
of which Plant, machinery and equipment: -€1,237
- Debts after one year +€16,000
new in 2025: €16,000
- Accrued charges and deferred income -€6,912
down €6,912 (-76.1%), from €9,081 to €2,169
- Trade debts +€4,061
up €4,061 (+156.7%), from €2,591 to €6,653
- Other debts +€2,979
up €2,979 (+15.3%), from €19,531 to €22,510
- Profit (loss) carried forward +€710
up €710 (+5.9%), from €12,034 to €12,745
- Depreciation -€1,989
down €1,989 (-29.0%), from €6,870 to €4,880
- Gross operating margin -€1,575
down €1,575 (-15.3%), from €10,290 to €8,714
- Taxes +€177
up €177 (+2744.4%), from €6 to €183
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 | €47,723 | €64,730 | +€17,007 | +35.6% |
| Formation expenses | 20 | €126 | - | -€126 | |
| Fixed assets | 21/28 | €11,276 | €11,984 | +€708 | +6.3% |
| Tangible fixed assets | 22/27 | €11,276 | €9,734 | -€1,542 | -13.7% |
| Plant, machinery and equipment | 23 | €10,971 | €9,734 | -€1,237 | -11.3% |
| Furniture and vehicles | 24 | €305 | - | -€305 | |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €36,321 | €52,746 | +€16,425 | +45.2% |
| Stocks and contracts in progress | 3 | €1,104 | €15,629 | +€14,525 | +1315.7% |
| Stocks | 30/36 | - | €7,025 | +€7,025 | |
| Contracts in progress | 37 | €1,104 | €8,604 | +€7,500 | +679.3% |
| Amounts receivable within one year | 40/41 | €14,697 | €21,735 | +€7,038 | +47.9% |
| Trade receivables | 40 | €7,792 | €13,408 | +€5,616 | +72.1% |
| Other amounts receivable | 41 | €6,905 | €8,327 | +€1,422 | +20.6% |
| Cash at bank and in hand | 54/58 | €16,748 | €10,656 | -€6,092 | -36.4% |
| Deferred charges and accrued income | 490/1 | €3,772 | €4,726 | +€954 | +25.3% |
| Total equity and liabilities | 10/49 | €47,723 | €64,730 | +€17,007 | +35.6% |
| Equity | 10/15 | €16,519 | €17,230 | +€710 | +4.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,485 | €2,485 | = | 0.0% |
| Distributable reserves | 133 | €2,485 | €2,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,034 | €12,745 | +€710 | +5.9% |
| Amounts payable | 17/49 | €31,204 | €47,500 | +€16,296 | +52.2% |
| Amounts payable after more than one year | 17 | - | €16,000 | +€16,000 | |
| Financial debts | 170/4 | - | €16,000 | +€16,000 | |
| Amounts payable within one year | 42/48 | €22,122 | €29,331 | +€7,209 | +32.6% |
| Trade debts | 44 | €2,591 | €6,653 | +€4,061 | +156.7% |
| Suppliers | 440/4 | €2,591 | €6,653 | +€4,061 | +156.7% |
| Taxes, remuneration and social security | 45 | - | €169 | +€169 | |
| Taxes | 450/3 | - | €169 | +€169 | |
| Other amounts payable | 47/48 | €19,531 | €22,510 | +€2,979 | +15.3% |
| Accrued charges and deferred income | 492/3 | €9,081 | €2,169 | -€6,912 | -76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,870 | €4,880 | -€1,989 | -29.0% |
| Other operating charges | 640/8 | €867 | €823 | -€44 | -5.1% |
| Gross operating margin | 9900 | €10,290 | €8,714 | -€1,575 | -15.3% |
| Operating profit (loss) | 9901 | €2,553 | €3,011 | +€458 | +17.9% |
| Financial income | 75/76B | €1 | €8 | +€7 | +923.1% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +923.1% |
| Financial charges | 65/66B | €2,110 | €2,125 | +€15 | +0.7% |
| Recurring financial charges | 65 | €2,110 | €2,125 | +€15 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €443 | €893 | +€450 | +101.6% |
| Income taxes | 67/77 | €6 | €183 | +€177 | +2744.4% |
| Profit (loss) for the period | 9904 | €437 | €710 | +€274 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €437 | €710 | +€274 | +62.6% |
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 4 October 2026 via checked.be.