M.C. 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.
M.C. WELDING
Largest movements
- Cash -€11,659
down €11,659 (-52.9%), from €22,047 to €10,388
mainly Receivables within one year (-€11,209) and Trade debts (-€9,663)
- Receivables within one year +€11,209
up €11,209 (+45.3%), from €24,752 to €35,961
of which Trade receivables: +€11,007
- Deferred charges and accrued income -€925
down €925 (-100%), from €925 to €0
- Tangible fixed assets -€897
down €897 (-9.8%), from €9,125 to €8,228
- Trade debts -€9,663
down €9,663 (-54.5%), from €17,746 to €8,083
- Reserves +€8,401
up €8,401 (+36.3%), from €23,165 to €31,565
- Tax, wage and social debts -€1,649
down €1,649 (-13.5%), from €12,193 to €10,544
- Other debts +€639
up €639 (+17.3%), from €3,697 to €4,336
- Gross operating margin -€14,121
down €14,121 (-48.0%), from €29,410 to €15,289
- Taxes -€5,321
down €5,321 (-79.4%), from €6,698 to €1,377
- Depreciation +€1,891
up €1,891 (+229%), from €824 to €2,715
- Financial charges -€712
down €712 (-29.0%), from €2,453 to €1,741
- Other operating charges +€312
up €312 (+40.6%), from €769 to €1,081
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 | €58,800 | €56,528 | -€2,272 | -3.9% |
| Fixed assets | 21/28 | €11,075 | €10,178 | -€897 | -8.1% |
| Tangible fixed assets | 22/27 | €9,125 | €8,228 | -€897 | -9.8% |
| Plant, machinery and equipment | 23 | €9,125 | €8,228 | -€897 | -9.8% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €47,725 | €46,349 | -€1,375 | -2.9% |
| Amounts receivable within one year | 40/41 | €24,752 | €35,961 | +€11,209 | +45.3% |
| Trade receivables | 40 | €24,732 | €35,740 | +€11,007 | +44.5% |
| Other amounts receivable | 41 | €20 | €221 | +€202 | +1,021% |
| Cash at bank and in hand | 54/58 | €22,047 | €10,388 | -€11,659 | -52.9% |
| Deferred charges and accrued income | 490/1 | €925 | €0 | -€925 | -100% |
| Total equity and liabilities | 10/49 | €58,800 | €56,528 | -€2,272 | -3.9% |
| Equity | 10/15 | €25,165 | €33,565 | +€8,401 | +33.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,165 | €31,565 | +€8,401 | +36.3% |
| Distributable reserves | 133 | €23,165 | €31,565 | +€8,401 | +36.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €33,635 | €22,962 | -€10,673 | -31.7% |
| Amounts payable within one year | 42/48 | €33,635 | €22,962 | -€10,673 | -31.7% |
| Trade debts | 44 | €17,746 | €8,083 | -€9,663 | -54.5% |
| Suppliers | 440/4 | €17,746 | €8,083 | -€9,663 | -54.5% |
| Taxes, remuneration and social security | 45 | €12,193 | €10,544 | -€1,649 | -13.5% |
| Taxes | 450/3 | €12,193 | €10,544 | -€1,649 | -13.5% |
| Other amounts payable | 47/48 | €3,697 | €4,336 | +€639 | +17.3% |
| Remuneration, social security and pensions | 62 | €250 | €0 | -€250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €824 | €2,715 | +€1,891 | +229% |
| Other operating charges | 640/8 | €769 | €1,081 | +€312 | +40.6% |
| Gross operating margin | 9900 | €29,410 | €15,289 | -€14,121 | -48.0% |
| Operating profit (loss) | 9901 | €27,567 | €11,493 | -€16,074 | -58.3% |
| Financial income | 75/76B | €4 | €26 | +€22 | +534% |
| Recurring financial income | 75 | €4 | €26 | +€22 | +534% |
| Financial charges | 65/66B | €2,453 | €1,741 | -€712 | -29.0% |
| Recurring financial charges | 65 | €2,453 | €1,741 | -€712 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €25,118 | €9,777 | -€15,341 | -61.1% |
| Income taxes | 67/77 | €6,698 | €1,377 | -€5,321 | -79.4% |
| Profit (loss) for the period | 9904 | €18,420 | €8,401 | -€10,020 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,420 | €8,401 | -€10,020 | -54.4% |
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.