K & S Welding: 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.
K & S Welding
Largest movements
- Receivables within one year +€31,927
up €31,927 (+96.9%), from €32,932 to €64,860
of which Trade receivables: +€32,805
- Tangible fixed assets +€27,601
up €27,601 (+97.6%), from €28,273 to €55,875
of which Furniture and vehicles: +€29,189
- Cash -€22,960
down €22,960 (-26.8%), from €85,754 to €62,794
mainly Investment in fixed assets (net) (-€47,314) and Receivables within one year (-€31,927)
- Other debts +€13,052
up €13,052 (+65.4%), from €19,965 to €33,016
- Debts after one year +€10,889
up €10,889 (+79.4%), from €13,723 to €24,612
- Reserves +€7,950
up €7,950 (+8.3%), from €96,276 to €104,226
- Current portion of long-term debt +€6,480
up €6,480 (+81.5%), from €7,950 to €14,431
- Gross operating margin +€44,851
up €44,851 (+141%), from €31,751 to €76,602
- Taxes +€9,710
up €9,710 (+183%), from €5,300 to €15,010
- Depreciation +€8,856
up €8,856 (+81.6%), from €10,857 to €19,713
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 | €153,179 | €189,778 | +€36,599 | +23.9% |
| Fixed assets | 21/28 | €33,073 | €60,675 | +€27,601 | +83.5% |
| Tangible fixed assets | 22/27 | €28,273 | €55,875 | +€27,601 | +97.6% |
| Land and buildings | 22 | €1,027 | €378 | -€648 | -63.2% |
| Plant, machinery and equipment | 23 | €939 | - | -€939 | |
| Furniture and vehicles | 24 | €26,308 | €55,496 | +€29,189 | +111% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €120,106 | €129,103 | +€8,998 | +7.5% |
| Amounts receivable within one year | 40/41 | €32,932 | €64,860 | +€31,927 | +96.9% |
| Trade receivables | 40 | €25,359 | €58,165 | +€32,805 | +129% |
| Other amounts receivable | 41 | €7,573 | €6,695 | -€878 | -11.6% |
| Cash at bank and in hand | 54/58 | €85,754 | €62,794 | -€22,960 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,419 | €1,449 | +€30 | +2.1% |
| Total equity and liabilities | 10/49 | €153,179 | €189,778 | +€36,599 | +23.9% |
| Equity | 10/15 | €102,476 | €110,426 | +€7,950 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,276 | €104,226 | +€7,950 | +8.3% |
| Distributable reserves | 133 | €96,276 | €104,226 | +€7,950 | +8.3% |
| Amounts payable | 17/49 | €50,703 | €79,352 | +€28,649 | +56.5% |
| Amounts payable after more than one year | 17 | €13,723 | €24,612 | +€10,889 | +79.4% |
| Financial debts | 170/4 | €13,723 | €24,612 | +€10,889 | +79.4% |
| Amounts payable within one year | 42/48 | €35,488 | €54,681 | +€19,193 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €7,950 | €14,431 | +€6,480 | +81.5% |
| Trade debts | 44 | €3,074 | €2,724 | -€349 | -11.4% |
| Suppliers | 440/4 | €3,074 | €2,724 | -€349 | -11.4% |
| Taxes, remuneration and social security | 45 | €4,500 | €4,510 | +€10 | +0.2% |
| Taxes | 450/3 | €4,500 | €4,510 | +€10 | +0.2% |
| Other amounts payable | 47/48 | €19,965 | €33,016 | +€13,052 | +65.4% |
| Accrued charges and deferred income | 492/3 | €1,492 | €58 | -€1,434 | -96.1% |
| Non-recurring operating income | 76A | €3,306 | €12,450 | +€9,144 | +277% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,857 | €19,713 | +€8,856 | +81.6% |
| Other operating charges | 640/8 | €449 | €219 | -€230 | -51.1% |
| Non-recurring operating charges | 66A | - | €4,945 | +€4,945 | |
| Gross operating margin | 9900 | €31,751 | €76,602 | +€44,851 | +141% |
| Operating profit (loss) | 9901 | €20,446 | €51,726 | +€31,280 | +153% |
| Financial income | 75/76B | €166 | €203 | +€37 | +22.4% |
| Recurring financial income | 75 | €166 | €203 | +€37 | +22.4% |
| Financial charges | 65/66B | €1,302 | €1,917 | +€614 | +47.2% |
| Recurring financial charges | 65 | €1,302 | €1,917 | +€614 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €19,309 | €50,012 | +€30,702 | +159% |
| Income taxes | 67/77 | €5,300 | €15,010 | +€9,710 | +183% |
| Profit (loss) for the period | 9904 | €14,009 | €35,002 | +€20,992 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €14,009 | €35,002 | +€20,992 | +150% |
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 29 October 2026 via checked.be.