INDUSTRIAL WELDING TECHNICS: 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.
INDUSTRIAL WELDING TECHNICS
Largest movements
- Tangible fixed assets +€17,633
up €17,633 (+2,708%), from €651 to €18,284
of which Furniture and vehicles: +€16,855
- Receivables within one year +€6,655
up €6,655 (+58.5%), from €11,382 to €18,037
of which Trade receivables: +€5,501
- Cash -€2,267
down €2,267 (-2.0%), from €114,096 to €111,828
mainly Investment in fixed assets (net) (-€20,643) and Receivables within one year (-€6,655)
- Trade debts +€14,485
up €14,485 (+938%), from €1,544 to €16,029
- Reserves +€6,136
up €6,136 (+23.8%), from €25,828 to €31,964
of which Distributable reserves: +€6,136
- Gross operating margin +€5,293
up €5,293 (+62.0%), from €8,536 to €13,829
- Depreciation +€1,630
up €1,630 (+118%), from €1,381 to €3,010
- Taxes +€1,188
up €1,188 (+71.7%), from €1,657 to €2,846
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 | €131,440 | €153,328 | +€21,888 | +16.7% |
| Fixed assets | 21/28 | €651 | €18,284 | +€17,633 | +2,708% |
| Tangible fixed assets | 22/27 | €651 | €18,284 | +€17,633 | +2,708% |
| Plant, machinery and equipment | 23 | €487 | €1,265 | +€778 | +160% |
| Furniture and vehicles | 24 | €164 | €17,019 | +€16,855 | +10,272% |
| Current assets | 29/58 | €130,789 | €135,044 | +€4,255 | +3.3% |
| Stocks and contracts in progress | 3 | €3,084 | €1,973 | -€1,111 | -36.0% |
| Stocks | 30/36 | €3,084 | €1,973 | -€1,111 | -36.0% |
| Amounts receivable within one year | 40/41 | €11,382 | €18,037 | +€6,655 | +58.5% |
| Trade receivables | 40 | €11,039 | €16,540 | +€5,501 | +49.8% |
| Other amounts receivable | 41 | €343 | €1,497 | +€1,154 | +337% |
| Cash at bank and in hand | 54/58 | €114,096 | €111,828 | -€2,267 | -2.0% |
| Deferred charges and accrued income | 490/1 | €2,227 | €3,206 | +€978 | +43.9% |
| Total equity and liabilities | 10/49 | €131,440 | €153,328 | +€21,888 | +16.7% |
| Equity | 10/15 | €81,181 | €87,318 | +€6,136 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,828 | €31,964 | +€6,136 | +23.8% |
| Tax-exempt reserves | 132 | €7,400 | €7,400 | = | 0.0% |
| Distributable reserves | 133 | €18,428 | €24,564 | +€6,136 | +33.3% |
| Profit (loss) carried forward | 14 | €36,753 | €36,753 | = | 0.0% |
| Amounts payable | 17/49 | €50,259 | €66,010 | +€15,752 | +31.3% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,259 | €36,010 | +€15,752 | +77.8% |
| Trade debts | 44 | €1,544 | €16,029 | +€14,485 | +938% |
| Suppliers | 440/4 | €1,544 | €16,029 | +€14,485 | +938% |
| Taxes, remuneration and social security | 45 | €731 | €1,453 | +€722 | +98.8% |
| Taxes | 450/3 | €731 | €1,453 | +€722 | +98.8% |
| Other amounts payable | 47/48 | €17,984 | €18,528 | +€544 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,381 | €3,010 | +€1,630 | +118% |
| Other operating charges | 640/8 | €1,826 | €1,829 | +€3 | +0.2% |
| Gross operating margin | 9900 | €8,536 | €13,829 | +€5,293 | +62.0% |
| Operating profit (loss) | 9901 | €5,329 | €8,989 | +€3,660 | +68.7% |
| Financial income | 75/76B | €100 | €235 | +€135 | +135% |
| Recurring financial income | 75 | €100 | €235 | +€135 | +135% |
| Financial charges | 65/66B | €242 | €242 | +€1 | +0.3% |
| Recurring financial charges | 65 | €242 | €242 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €5,187 | €8,982 | +€3,795 | +73.1% |
| Income taxes | 67/77 | €1,657 | €2,846 | +€1,188 | +71.7% |
| Profit (loss) for the period | 9904 | €3,530 | €6,136 | +€2,606 | +73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,530 | €6,136 | +€2,606 | +73.8% |
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 20 October 2026 via checked.be.