GINO WELDING SERVICE: 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.
GINO WELDING SERVICE
Largest movements
- Cash +€17,015
up €17,015 (+88.8%), from €19,163 to €36,178
mainly Net result for the year (+€20,902) and Depreciation (+€2,834)
- Tangible fixed assets -€2,834
down €2,834 (-48.6%), from €5,829 to €2,996
of which Furniture and vehicles: -€2,565
- Reserves +€15,172
up €15,172 (+79.0%), from €19,204 to €34,376
- Other debts -€3,786
down €3,786 (-39.8%), from €9,516 to €5,730
- Advances received +€1,238
new in 2025: €1,238
- Trade debts +€1,053
up €1,053 (+107%), from €985 to €2,037
- Gross operating margin +€11,183
up €11,183 (+56.5%), from €19,804 to €30,987
- Taxes +€2,237
up €2,237 (+54.3%), from €4,119 to €6,355
- Other operating charges -€873
down €873 (-48.7%), from €1,795 to €922
- Depreciation -€449
down €449 (-13.7%), from €3,282 to €2,834
- Financial income +€325
up €325 (+356%), from €91 to €417
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 | €40,976 | €54,456 | +€13,480 | +32.9% |
| Fixed assets | 21/28 | €5,829 | €2,996 | -€2,834 | -48.6% |
| Tangible fixed assets | 22/27 | €5,829 | €2,996 | -€2,834 | -48.6% |
| Plant, machinery and equipment | 23 | €630 | €361 | -€269 | -42.6% |
| Furniture and vehicles | 24 | €5,199 | €2,634 | -€2,565 | -49.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €35,147 | €51,460 | +€16,314 | +46.4% |
| Amounts receivable within one year | 40/41 | €13,524 | €13,278 | -€246 | -1.8% |
| Trade receivables | 40 | €5,370 | €3,138 | -€2,232 | -41.6% |
| Other amounts receivable | 41 | €8,154 | €10,139 | +€1,985 | +24.3% |
| Cash at bank and in hand | 54/58 | €19,163 | €36,178 | +€17,015 | +88.8% |
| Deferred charges and accrued income | 490/1 | €2,459 | €2,005 | -€455 | -18.5% |
| Total equity and liabilities | 10/49 | €40,976 | €54,456 | +€13,480 | +32.9% |
| Equity | 10/15 | €25,404 | €40,576 | +€15,172 | +59.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,204 | €34,376 | +€15,172 | +79.0% |
| Distributable reserves | 133 | €19,204 | €34,376 | +€15,172 | +79.0% |
| Amounts payable | 17/49 | €15,571 | €13,880 | -€1,691 | -10.9% |
| Amounts payable within one year | 42/48 | €15,571 | €13,880 | -€1,691 | -10.9% |
| Trade debts | 44 | €985 | €2,037 | +€1,053 | +107% |
| Suppliers | 440/4 | €985 | €2,037 | +€1,053 | +107% |
| Advances received on contracts in progress | 46 | - | €1,238 | +€1,238 | |
| Taxes, remuneration and social security | 45 | €5,070 | €4,874 | -€196 | -3.9% |
| Taxes | 450/3 | €4,419 | €4,874 | +€455 | +10.3% |
| Remuneration and social security | 454/9 | €651 | - | -€651 | |
| Other amounts payable | 47/48 | €9,516 | €5,730 | -€3,786 | -39.8% |
| Non-recurring operating income | 76A | €356 | - | -€356 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,282 | €2,834 | -€449 | -13.7% |
| Other operating charges | 640/8 | €1,795 | €922 | -€873 | -48.7% |
| Gross operating margin | 9900 | €19,804 | €30,987 | +€11,183 | +56.5% |
| Operating profit (loss) | 9901 | €14,727 | €27,232 | +€12,505 | +84.9% |
| Financial income | 75/76B | €91 | €417 | +€325 | +356% |
| Recurring financial income | 75 | €91 | €417 | +€325 | +356% |
| Financial charges | 65/66B | €143 | €391 | +€248 | +173% |
| Recurring financial charges | 65 | €143 | €391 | +€248 | +173% |
| Profit (loss) for the period before taxes | 9903 | €14,675 | €27,257 | +€12,582 | +85.7% |
| Income taxes | 67/77 | €4,119 | €6,355 | +€2,237 | +54.3% |
| Profit (loss) for the period | 9904 | €10,556 | €20,902 | +€10,346 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,556 | €20,902 | +€10,346 | +98.0% |
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 28 October 2026 via checked.be.