NELSON 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.
NELSON WELDING
Largest movements
- Tangible fixed assets +€307,087
up €307,087 (+1,089%), from €28,212 to €335,299
of which Land and buildings: +€308,636
- Receivables within one year +€37,154
up €37,154 (+377%), from €9,849 to €47,002
of which Other amounts receivable: +€28,473
- Stocks and contracts +€17,607
up €17,607 (+72.8%), from €24,173 to €41,780
- Cash -€8,287
down €8,287 (-17.1%), from €48,532 to €40,245
mainly Investment in fixed assets (net) (-€323,460) and Receivables within one year (-€37,154)
- Debts after one year +€296,451
new in 2025: €296,451
- Reserves +€80,567
up €80,567 (+1,197%), from €6,734 to €87,300
- Profit (loss) carried forward -€47,326
down €47,326 (-100%), from €47,326 to €0
- Current portion of long-term debt +€19,611
up €19,611 (+2,787%), from €704 to €20,315
- Taxes -€11,134
down €11,134 (-98.1%), from €11,355 to €221
- Financial charges +€8,454
up €8,454 (+2,227%), from €380 to €8,834
- Other operating charges +€2,759
up €2,759 (+283%), from €975 to €3,734
- Depreciation +€1,177
up €1,177 (+6.6%), from €17,784 to €18,961
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 | €116,888 | €468,125 | +€351,237 | +300% |
| Fixed assets | 21/28 | €31,343 | €335,843 | +€304,499 | +971% |
| Tangible fixed assets | 22/27 | €28,212 | €335,299 | +€307,087 | +1,089% |
| Land and buildings | 22 | €102 | €308,739 | +€308,636 | +301,491% |
| Plant, machinery and equipment | 23 | €8,611 | €18,765 | +€10,154 | +118% |
| Furniture and vehicles | 24 | €17,607 | €7,795 | -€9,812 | -55.7% |
| Other tangible fixed assets | 26 | €1,891 | €0 | -€1,891 | -100% |
| Financial fixed assets | 28 | €3,132 | €544 | -€2,588 | -82.6% |
| Current assets | 29/58 | €85,544 | €132,282 | +€46,738 | +54.6% |
| Stocks and contracts in progress | 3 | €24,173 | €41,780 | +€17,607 | +72.8% |
| Stocks | 30/36 | €24,173 | €41,780 | +€17,607 | +72.8% |
| Amounts receivable within one year | 40/41 | €9,849 | €47,002 | +€37,154 | +377% |
| Trade receivables | 40 | €6,399 | €15,080 | +€8,681 | +136% |
| Other amounts receivable | 41 | €3,449 | €31,922 | +€28,473 | +825% |
| Cash at bank and in hand | 54/58 | €48,532 | €40,245 | -€8,287 | -17.1% |
| Deferred charges and accrued income | 490/1 | €2,991 | €3,255 | +€264 | +8.8% |
| Total equity and liabilities | 10/49 | €116,888 | €468,125 | +€351,237 | +300% |
| Equity | 10/15 | €73,565 | €105,900 | +€32,335 | +44.0% |
| Contributions | 10/11 | €19,505 | €18,600 | -€905 | -4.6% |
| Reserves | 13 | €6,734 | €87,300 | +€80,567 | +1,197% |
| Distributable reserves | 133 | €6,734 | €87,300 | +€80,567 | +1,197% |
| Profit (loss) carried forward | 14 | €47,326 | €0 | -€47,326 | -100% |
| Amounts payable | 17/49 | €43,323 | €362,225 | +€318,902 | +736% |
| Amounts payable after more than one year | 17 | - | €296,451 | +€296,451 | |
| Financial debts | 170/4 | - | €296,451 | +€296,451 | |
| Amounts payable within one year | 42/48 | €43,323 | €65,774 | +€22,451 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €704 | €20,315 | +€19,611 | +2,787% |
| Trade debts | 44 | €171 | €3,929 | +€3,757 | +2,197% |
| Suppliers | 440/4 | €171 | €3,929 | +€3,757 | +2,197% |
| Other amounts payable | 47/48 | €42,448 | €41,531 | -€917 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,784 | €18,961 | +€1,177 | +6.6% |
| Other operating charges | 640/8 | €975 | €3,734 | +€2,759 | +283% |
| Gross operating margin | 9900 | €63,659 | €64,085 | +€426 | +0.7% |
| Operating profit (loss) | 9901 | €44,900 | €41,390 | -€3,510 | -7.8% |
| Financial income | 75/76B | €16 | €0 | -€16 | -100% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100% |
| Financial charges | 65/66B | €380 | €8,834 | +€8,454 | +2,227% |
| Recurring financial charges | 65 | €380 | €8,834 | +€8,454 | +2,227% |
| Profit (loss) for the period before taxes | 9903 | €44,536 | €32,556 | -€11,980 | -26.9% |
| Income taxes | 67/77 | €11,355 | €221 | -€11,134 | -98.1% |
| Profit (loss) for the period | 9904 | €33,181 | €32,335 | -€846 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,181 | €32,335 | -€846 | -2.5% |
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 23 October 2026 via checked.be.