PERUWELD: 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
PERUWELD
NACE 25.220, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€961,363
2024 · €1.5m-€530,869
Equity
€6.3m
2024 · €5.3m+€964,658
Cash
€1.7m
2024 · €154,405+€1.6m
Balance sheet total
€10.6m
2024 · €10.0m+€619,677
Largest movements
Assets
- Current investments -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Cash +€1.6m
up €1.6m (+1,009%), from €154,405 to €1.7m
mainly Current investments (+€2.0m) and Net result for the year (+€961,363)
- Receivables within one year +€773,743
up €773,743 (+24.8%), from €3.1m to €3.9m
of which Trade receivables: +€578,357
- Tangible fixed assets +€427,333
up €427,333 (+36.8%), from €1.2m to €1.6m
of which Leasing and similar rights: +€312,028
- Stocks and contracts -€229,936
down €229,936 (-14.9%), from €1.5m to €1.3m
of which Contracts in progress: -€187,108
Equity and liabilities
- Reserves +€961,363
up €961,363 (+20.1%), from €4.8m to €5.7m
of which Distributable reserves: +€961,363
- Trade debts -€911,949
down €911,949 (-36.9%), from €2.5m to €1.6m
- Advances received +€320,864
up €320,864 (+28.5%), from €1.1m to €1.4m
- Debts after one year +€196,027
up €196,027 (+52.4%), from €374,364 to €570,391
- Other debts -€156,948
down €156,948 (-99.9%), from €157,084 to €136
Income statement
- Goods and materials -€784,767
down €784,767 (-10.9%), from €7.2m to €6.4m
of which Purchases: -€870,329
- Turnover -€738,346
down €738,346 (-5.6%), from €13.3m to €12.5m
- Taxes -€179,833
down €179,833 (-35.5%), from €506,445 to €326,612
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
€1.5m
Turnover
-€738,346
Other operating income
+€26,199
Goods and materials
+€784,767
Services and other goods
+€43,820
Staff costs
+€37,642
Depreciation
-€45,983
Write-downs
+€8,907
Other operating charges
+€9,571
Other operating items
-€856,790
Financial income
+€21,001
Financial charges
-€1,490
Taxes
+€179,833
Result 2025
€961,363
raises the resultlowers the resultnot broken down further in the accounts
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
-€125,098
Investment
+€1.3m
Financing
+€373,211
Cash 2024
€154,405
From operations (derived)
-€125,098
Net result for the year
+€961,363
Depreciation
+€258,174
Stocks and contracts
+€229,936
Receivables within one year
-€773,743
Deferred charges and accrued income
-€85,930
Trade debts
-€911,949
Tax, wage and social debts
+€33,136
Advances received
+€320,864
Other debts
-€156,948
Investment (derived)
+€1.3m
Investment in fixed assets (net)
-€690,906
Current investments
+€2.0m
Financing
+€373,211
Debts after one year
+€196,027
Current portion of long-term debt
+€50,473
Short-term financial debts
+€123,415
Contributions, distributions and other
+€3,295
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,030,110 | €10,649,787 | +€619,677 | +6.2% |
| Fixed assets | 21/28 | €3,160,352 | €3,593,084 | +€432,732 | +13.7% |
| Intangible fixed assets | 21 | - | €5,399 | +€5,399 | |
| Tangible fixed assets | 22/27 | €1,160,352 | €1,587,685 | +€427,333 | +36.8% |
| Land and buildings | 22 | €411,431 | €393,528 | -€17,902 | -4.4% |
| Plant, machinery and equipment | 23 | €575,624 | €634,651 | +€59,027 | +10.3% |
| Furniture and vehicles | 24 | €111,488 | €185,668 | +€74,180 | +66.5% |
| Leasing and similar rights | 25 | €61,809 | €373,836 | +€312,028 | +505% |
| Financial fixed assets | 28 | €2,000,000 | €2,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts receivable | 281 | €2,000,000 | €2,000,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €6,869,758 | €7,056,703 | +€186,945 | +2.7% |
| Stocks and contracts in progress | 3 | €1,540,597 | €1,310,661 | -€229,936 | -14.9% |
| Stocks | 30/36 | €399,875 | €357,047 | -€42,828 | -10.7% |
| Raw materials and consumables | 30/31 | €399,875 | €357,047 | -€42,828 | -10.7% |
| Contracts in progress | 37 | €1,140,722 | €953,614 | -€187,108 | -16.4% |
| Amounts receivable within one year | 40/41 | €3,122,150 | €3,895,893 | +€773,743 | +24.8% |
| Trade receivables | 40 | €3,014,157 | €3,592,514 | +€578,357 | +19.2% |
| Other amounts receivable | 41 | €107,993 | €303,379 | +€195,386 | +181% |
| Current investments | 50/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Other investments | 51/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Cash at bank and in hand | 54/58 | €154,405 | €1,711,613 | +€1.6m | +1,009% |
| Deferred charges and accrued income | 490/1 | €52,606 | €138,536 | +€85,930 | +163% |
| Total equity and liabilities | 10/49 | €10,030,110 | €10,649,787 | +€619,677 | +6.2% |
| Equity | 10/15 | €5,306,353 | €6,271,011 | +€964,658 | +18.2% |
| Contributions | 10/11 | €493,691 | €493,691 | = | 0.0% |
| Capital | 10 | €493,691 | €493,691 | = | 0.0% |
| Issued capital | 100 | €493,691 | €493,691 | = | 0.0% |
| Reserves | 13 | €4,773,083 | €5,734,446 | +€961,363 | +20.1% |
| Non-distributable reserves | 130/1 | €49,369 | €49,369 | = | 0.0% |
| Legal reserve | 130 | €49,369 | €49,369 | = | 0.0% |
| Distributable reserves | 133 | €4,723,714 | €5,685,077 | +€961,363 | +20.4% |
| Investment grants | 15 | €39,579 | €42,874 | +€3,295 | +8.3% |
| Amounts payable | 17/49 | €4,723,757 | €4,378,776 | -€344,981 | -7.3% |
| Amounts payable after more than one year | 17 | €374,364 | €570,391 | +€196,027 | +52.4% |
| Financial debts | 170/4 | €374,364 | €570,391 | +€196,027 | +52.4% |
| Leasing and similar obligations | 172 | €39,404 | €323,065 | +€283,661 | +720% |
| Credit institutions | 173 | €334,960 | €247,326 | -€87,634 | -26.2% |
| Amounts payable within one year | 42/48 | €4,349,394 | €3,808,385 | -€541,008 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €106,146 | €156,619 | +€50,473 | +47.6% |
| Financial debts | 43 | €199,030 | €322,445 | +€123,415 | +62.0% |
| Credit institutions | 430/8 | €199,030 | €322,445 | +€123,415 | +62.0% |
| Trade debts | 44 | €2,471,320 | €1,559,371 | -€911,949 | -36.9% |
| Suppliers | 440/4 | €2,471,320 | €1,559,371 | -€911,949 | -36.9% |
| Advances received on contracts in progress | 46 | €1,126,698 | €1,447,562 | +€320,864 | +28.5% |
| Taxes, remuneration and social security | 45 | €289,115 | €322,251 | +€33,136 | +11.5% |
| Taxes | 450/3 | €104,427 | €159,064 | +€54,637 | +52.3% |
| Remuneration and social security | 454/9 | €184,687 | €163,187 | -€21,501 | -11.6% |
| Other amounts payable | 47/48 | €157,084 | €136 | -€156,948 | -99.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €13,586,026 | €12,014,092 | -€1.6m | -11.6% |
| Turnover | 70 | €13,263,390 | €12,525,044 | -€738,346 | -5.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €271,365 | -€561,434 | -€832,799 | |
| Other operating income | 74 | €24,283 | €50,482 | +€26,199 | +108% |
| Non-recurring operating income | 76A | €26,988 | €0 | -€26,988 | -100% |
| Operating charges | 60/66A | €11,634,242 | €10,792,521 | -€841,721 | -7.2% |
| Goods for resale, raw materials and consumables | 60 | €7,210,752 | €6,425,985 | -€784,767 | -10.9% |
| Purchases | 600/8 | €7,242,131 | €6,371,802 | -€870,329 | -12.0% |
| Change in stocks: decrease (increase) | 609 | -€31,379 | €54,183 | +€85,562 | |
| Services and other goods | 61 | €2,034,397 | €1,990,577 | -€43,820 | -2.2% |
| Remuneration, social security and pensions | 62 | €2,091,333 | €2,053,691 | -€37,642 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,190 | €258,174 | +€45,983 | +21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,552 | €9,645 | -€8,907 | -48.0% |
| Other operating charges | 640/8 | €62,464 | €52,894 | -€9,571 | -15.3% |
| Non-recurring operating charges | 66A | €4,553 | €1,556 | -€2,997 | -65.8% |
| Operating profit (loss) | 9901 | €1,951,783 | €1,221,571 | -€730,212 | -37.4% |
| Financial income | 75/76B | €87,510 | €108,511 | +€21,001 | +24.0% |
| Recurring financial income | 75 | €87,510 | €108,511 | +€21,001 | +24.0% |
| Income from financial fixed assets | 750 | €36,922 | €78,960 | +€42,038 | +114% |
| Income from current assets | 751 | €35,112 | €15,898 | -€19,214 | -54.7% |
| Other financial income | 752/9 | €15,476 | €13,653 | -€1,822 | -11.8% |
| Financial charges | 65/66B | €40,616 | €42,106 | +€1,490 | +3.7% |
| Recurring financial charges | 65 | €40,616 | €42,106 | +€1,490 | +3.7% |
| Debt charges | 650 | €16,213 | €18,743 | +€2,530 | +15.6% |
| Other financial charges | 652/9 | €24,404 | €23,364 | -€1,040 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €1,998,677 | €1,287,975 | -€710,701 | -35.6% |
| Income taxes | 67/77 | €506,445 | €326,612 | -€179,833 | -35.5% |
| Taxes | 670/3 | €506,445 | €326,612 | -€179,833 | -35.5% |
| Profit (loss) for the period | 9904 | €1,492,232 | €961,363 | -€530,869 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,492,232 | €961,363 | -€530,869 | -35.6% |
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 26 October 2026 via checked.be.