DW SOUDURE: 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.
DW SOUDURE
Largest movements
- Tangible fixed assets +€46,938
up €46,938 (+6.3%), from €750,642 to €797,579
of which Land and buildings: +€530,754
- Stocks and contracts +€30,765
up €30,765 (+15.9%), from €193,936 to €224,702
- Trade debts -€64,666
down €64,666 (-70.8%), from €91,279 to €26,613
- Profit (loss) carried forward +€31,460
up €31,460 (+25.1%), from €125,503 to €156,964
- Current portion of long-term debt +€30,834
up €30,834 (+169%), from €18,292 to €49,127
- Other debts +€29,331
up €29,331 (+23.5%), from €124,759 to €154,089
- Short-term financial debts +€15,665
up €15,665 (+138%), from €11,367 to €27,032
- Gross operating margin +€35,557
up €35,557 (+27.6%), from €128,844 to €164,401
- Depreciation +€21,110
up €21,110 (+78.0%), from €27,051 to €48,162
- Financial charges +€13,873
up €13,873 (+70.0%), from €19,818 to €33,692
- Taxes +€7,829
up €7,829, from -€207 to €7,622
- Staff costs +€2,488
up €2,488 (+6.5%), from €38,348 to €40,836
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 | €1,056,505 | €1,129,477 | +€72,972 | +6.9% |
| Fixed assets | 21/28 | €750,748 | €797,685 | +€46,938 | +6.3% |
| Tangible fixed assets | 22/27 | €750,642 | €797,579 | +€46,938 | +6.3% |
| Land and buildings | 22 | €133,500 | €664,254 | +€530,754 | +398% |
| Plant, machinery and equipment | 23 | €54,918 | €42,254 | -€12,663 | -23.1% |
| Furniture and vehicles | 24 | €8,860 | €91,070 | +€82,210 | +928% |
| Assets under construction and advance payments | 27 | €553,363 | - | -€553,363 | |
| Financial fixed assets | 28 | €106 | €106 | = | 0.0% |
| Current assets | 29/58 | €305,757 | €331,792 | +€26,034 | +8.5% |
| Stocks and contracts in progress | 3 | €193,936 | €224,702 | +€30,765 | +15.9% |
| Stocks | 30/36 | €193,936 | €224,702 | +€30,765 | +15.9% |
| Amounts receivable within one year | 40/41 | €99,958 | €101,302 | +€1,343 | +1.3% |
| Trade receivables | 40 | €82,137 | €99,530 | +€17,393 | +21.2% |
| Other amounts receivable | 41 | €17,821 | €1,772 | -€16,049 | -90.1% |
| Cash at bank and in hand | 54/58 | €9,918 | €1,999 | -€7,918 | -79.8% |
| Deferred charges and accrued income | 490/1 | €1,945 | €3,789 | +€1,844 | +94.8% |
| Total equity and liabilities | 10/49 | €1,056,505 | €1,129,477 | +€72,972 | +6.9% |
| Equity | 10/15 | €135,503 | €166,964 | +€31,460 | +23.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,503 | €156,964 | +€31,460 | +25.1% |
| Amounts payable | 17/49 | €921,002 | €962,513 | +€41,512 | +4.5% |
| Amounts payable after more than one year | 17 | €631,784 | €644,909 | +€13,125 | +2.1% |
| Financial debts | 170/4 | €631,784 | €644,909 | +€13,125 | +2.1% |
| Amounts payable within one year | 42/48 | €289,218 | €317,605 | +€28,387 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €18,292 | €49,127 | +€30,834 | +169% |
| Financial debts | 43 | €11,367 | €27,032 | +€15,665 | +138% |
| Credit institutions | 430/8 | €11,367 | €27,032 | +€15,665 | +138% |
| Trade debts | 44 | €91,279 | €26,613 | -€64,666 | -70.8% |
| Suppliers | 440/4 | €91,279 | €26,613 | -€64,666 | -70.8% |
| Advances received on contracts in progress | 46 | €32,000 | €45,240 | +€13,240 | +41.4% |
| Taxes, remuneration and social security | 45 | €11,521 | €15,504 | +€3,983 | +34.6% |
| Taxes | 450/3 | €2,295 | €7,683 | +€5,388 | +235% |
| Remuneration and social security | 454/9 | €9,226 | €7,821 | -€1,405 | -15.2% |
| Other amounts payable | 47/48 | €124,759 | €154,089 | +€29,331 | +23.5% |
| Remuneration, social security and pensions | 62 | €38,348 | €40,836 | +€2,488 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,051 | €48,162 | +€21,110 | +78.0% |
| Other operating charges | 640/8 | €1,061 | €2,702 | +€1,641 | +155% |
| Non-recurring operating charges | 66A | - | €49 | +€49 | |
| Gross operating margin | 9900 | €128,844 | €164,401 | +€35,557 | +27.6% |
| Operating profit (loss) | 9901 | €62,384 | €72,652 | +€10,268 | +16.5% |
| Financial income | 75/76B | €48 | €122 | +€74 | +153% |
| Recurring financial income | 75 | €48 | €122 | +€74 | +153% |
| Financial charges | 65/66B | €19,818 | €33,692 | +€13,873 | +70.0% |
| Recurring financial charges | 65 | €19,818 | €33,692 | +€13,873 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | €42,614 | €39,083 | -€3,531 | -8.3% |
| Income taxes | 67/77 | -€207 | €7,622 | +€7,829 | |
| Profit (loss) for the period | 9904 | €42,820 | €31,460 | -€11,360 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,820 | €31,460 | -€11,360 | -26.5% |
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 17 October 2026 via checked.be.