ONE-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.
What changed
ONE-WELDING
NACE 46.620, Wholesale of machine tools
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€43,528
2024 · €101,061-€57,533
Equity
€530,051
2024 · €487,187+€42,865
Cash
€120,360
2024 · €125,706-€5,347
Balance sheet total
€1.4m
2024 · €1.4m+€6,334
Largest movements
Assets
- Stocks and contracts -€53,711
down €53,711 (-10.4%), from €514,834 to €461,124
- Receivables within one year +€32,417
up €32,417 (+31.8%), from €102,090 to €134,507
of which Trade receivables: +€32,650
- Tangible fixed assets +€22,998
up €22,998 (+3.4%), from €672,401 to €695,398
of which Leasing and similar rights: +€46,771
Equity and liabilities
- Reserves +€43,528
up €43,528 (+22.6%), from €192,949 to €236,477
of which Distributable reserves: +€43,528
- Debts after one year -€24,750
down €24,750 (-4.3%), from €578,428 to €553,678
- Other debts -€23,140
down €23,140 (-13.9%), from €166,869 to €143,729
Income statement
- Gross operating margin -€90,841
down €90,841 (-26.0%), from €349,925 to €259,085
- Taxes -€29,738
down €29,738 (-58.3%), from €50,975 to €21,237
- Financial income +€5,415
up €5,415 (+1,683%), from €322 to €5,737
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.
Result 2024
€101,061
Gross operating margin
-€90,841
Staff costs
+€3,224
Depreciation
-€1,963
Other operating charges
-€300
Financial income
+€5,415
Financial charges
-€2,806
Taxes
+€29,738
Result 2025
€43,528
raises the resultlowers the result
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.
From operations
+€103,605
Investment
-€88,842
Financing
-€20,110
Cash 2024
€125,706
From operations (derived)
+€103,605
Net result for the year
+€43,528
Depreciation
+€56,581
Stocks and contracts
+€53,711
Receivables within one year
-€32,417
Deferred charges and accrued income
-€714
Trade debts
+€4,325
Tax, wage and social debts
-€1,154
Advances received
+€3,886
Other debts
-€23,140
Accrued charges and deferred income
-€1,000
Investment (derived)
-€88,842
Investment in fixed assets (net)
-€88,842
Financing
-€20,110
Debts after one year
-€24,750
Current portion of long-term debt
+€5,303
Contributions, distributions and other
-€663
Cash 2025
€120,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,418,536 | €1,424,871 | +€6,334 | +0.4% |
| Fixed assets | 21/28 | €672,764 | €705,024 | +€32,260 | +4.8% |
| Tangible fixed assets | 22/27 | €672,401 | €695,398 | +€22,998 | +3.4% |
| Land and buildings | 22 | €648,134 | €626,050 | -€22,085 | -3.4% |
| Plant, machinery and equipment | 23 | €10,275 | €15,261 | +€4,987 | +48.5% |
| Furniture and vehicles | 24 | €13,992 | €7,316 | -€6,676 | -47.7% |
| Leasing and similar rights | 25 | - | €46,771 | +€46,771 | |
| Financial fixed assets | 28 | €363 | €9,625 | +€9,262 | +2,552% |
| Current assets | 29/58 | €745,773 | €719,847 | -€25,926 | -3.5% |
| Stocks and contracts in progress | 3 | €514,834 | €461,124 | -€53,711 | -10.4% |
| Stocks | 30/36 | €514,834 | €461,124 | -€53,711 | -10.4% |
| Amounts receivable within one year | 40/41 | €102,090 | €134,507 | +€32,417 | +31.8% |
| Trade receivables | 40 | €96,144 | €128,793 | +€32,650 | +34.0% |
| Other amounts receivable | 41 | €5,947 | €5,714 | -€233 | -3.9% |
| Cash at bank and in hand | 54/58 | €125,706 | €120,360 | -€5,347 | -4.3% |
| Deferred charges and accrued income | 490/1 | €3,141 | €3,856 | +€714 | +22.7% |
| Total equity and liabilities | 10/49 | €1,418,536 | €1,424,871 | +€6,334 | +0.4% |
| Equity | 10/15 | €487,187 | €530,051 | +€42,865 | +8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €192,949 | €236,477 | +€43,528 | +22.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €263 | €263 | = | 0.0% |
| Distributable reserves | 133 | €190,826 | €234,354 | +€43,528 | +22.8% |
| Profit (loss) carried forward | 14 | €281,838 | €281,175 | -€663 | -0.2% |
| Amounts payable | 17/49 | €931,350 | €894,819 | -€36,530 | -3.9% |
| Amounts payable after more than one year | 17 | €578,428 | €553,678 | -€24,750 | -4.3% |
| Financial debts | 170/4 | €578,428 | €553,678 | -€24,750 | -4.3% |
| Amounts payable within one year | 42/48 | €351,922 | €341,141 | -€10,780 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €65,545 | €70,848 | +€5,303 | +8.1% |
| Trade debts | 44 | €39,499 | €43,824 | +€4,325 | +10.9% |
| Suppliers | 440/4 | €39,499 | €43,824 | +€4,325 | +10.9% |
| Advances received on contracts in progress | 46 | €86 | €3,972 | +€3,886 | +4,502% |
| Taxes, remuneration and social security | 45 | €79,922 | €78,768 | -€1,154 | -1.4% |
| Taxes | 450/3 | €64,593 | €69,867 | +€5,274 | +8.2% |
| Remuneration and social security | 454/9 | €15,330 | €8,902 | -€6,428 | -41.9% |
| Other amounts payable | 47/48 | €166,869 | €143,729 | -€23,140 | -13.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €116,263 | €113,040 | -€3,224 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,618 | €56,581 | +€1,963 | +3.6% |
| Other operating charges | 640/8 | €8,664 | €8,964 | +€300 | +3.5% |
| Gross operating margin | 9900 | €349,925 | €259,085 | -€90,841 | -26.0% |
| Operating profit (loss) | 9901 | €170,380 | €80,499 | -€89,880 | -52.8% |
| Financial income | 75/76B | €322 | €5,737 | +€5,415 | +1,683% |
| Recurring financial income | 75 | €322 | €5,737 | +€5,415 | +1,683% |
| Financial charges | 65/66B | €18,665 | €21,472 | +€2,806 | +15.0% |
| Recurring financial charges | 65 | €18,665 | €21,472 | +€2,806 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €152,036 | €64,765 | -€87,272 | -57.4% |
| Income taxes | 67/77 | €50,975 | €21,237 | -€29,738 | -58.3% |
| Profit (loss) for the period | 9904 | €101,061 | €43,528 | -€57,533 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,061 | €43,528 | -€57,533 | -56.9% |
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 30 October 2026 via checked.be.