ESAB HOLDING: 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.
ESAB HOLDING
Largest movements
- Receivables within one year -€25,182
down €25,182 (-14.3%), from €176,541 to €151,359
of which Other amounts receivable: -€29,514
- Cash -€11,445
down €11,445 (-76.6%), from €14,948 to €3,503
mainly Debts after one year (-€35,147) and Net result for the year (-€1,633)
- Debts after one year -€35,147
down €35,147 (-26.2%), from €134,214 to €99,067
- Gross operating margin +€3,580
up €3,580 (+59.9%), from -€5,980 to -€2,400
- Financial income -€446
down €446 (-17.6%), from €2,540 to €2,094
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 | €229,758 | €192,471 | -€37,287 | -16.2% |
| Fixed assets | 21/28 | €38,269 | €37,609 | -€660 | -1.7% |
| Tangible fixed assets | 22/27 | €940 | €280 | -€660 | -70.2% |
| Furniture and vehicles | 24 | €940 | €280 | -€660 | -70.2% |
| Financial fixed assets | 28 | €37,329 | €37,329 | = | 0.0% |
| Current assets | 29/58 | €191,489 | €154,862 | -€36,627 | -19.1% |
| Amounts receivable within one year | 40/41 | €176,541 | €151,359 | -€25,182 | -14.3% |
| Trade receivables | 40 | €17,424 | €21,756 | +€4,332 | +24.9% |
| Other amounts receivable | 41 | €159,117 | €129,603 | -€29,514 | -18.5% |
| Cash at bank and in hand | 54/58 | €14,948 | €3,503 | -€11,445 | -76.6% |
| Total equity and liabilities | 10/49 | €229,758 | €192,471 | -€37,287 | -16.2% |
| Equity | 10/15 | €88,372 | €86,739 | -€1,633 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,772 | €68,139 | -€1,633 | -2.3% |
| Amounts payable | 17/49 | €141,386 | €105,732 | -€35,654 | -25.2% |
| Amounts payable after more than one year | 17 | €134,214 | €99,067 | -€35,147 | -26.2% |
| Other amounts payable | 178/9 | €134,214 | €99,067 | -€35,147 | -26.2% |
| Amounts payable within one year | 42/48 | €7,172 | €6,665 | -€507 | -7.1% |
| Trade debts | 44 | €5,094 | €5,975 | +€881 | +17.3% |
| Suppliers | 440/4 | €5,094 | €5,975 | +€881 | +17.3% |
| Taxes, remuneration and social security | 45 | €690 | €690 | = | 0.0% |
| Taxes | 450/3 | €690 | €690 | = | 0.0% |
| Other amounts payable | 47/48 | €1,388 | - | -€1,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €660 | €660 | = | 0.0% |
| Other operating charges | 640/8 | €472 | €487 | +€15 | +3.2% |
| Gross operating margin | 9900 | -€5,980 | -€2,400 | +€3,580 | +59.9% |
| Operating profit (loss) | 9901 | -€7,112 | -€3,547 | +€3,565 | +50.1% |
| Financial income | 75/76B | €2,540 | €2,094 | -€446 | -17.6% |
| Recurring financial income | 75 | €2,540 | €2,094 | -€446 | -17.6% |
| Financial charges | 65/66B | €171 | €180 | +€9 | +5.6% |
| Recurring financial charges | 65 | €171 | €180 | +€9 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,743 | -€1,633 | +€3,109 | +65.6% |
| Profit (loss) for the period | 9904 | -€4,743 | -€1,633 | +€3,109 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,743 | -€1,633 | +€3,109 | +65.6% |
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 10 October 2026 via checked.be.