Pro Welding: what changed
Two fiscal 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.
Pro Welding
Largest movements
- Cash -€101,247
down €101,247 (-84.1%), from €120,344 to €19,098
mainly Investment in fixed assets (net) (-€82,683) and Receivables within one year (-€62,140)
- Receivables within one year +€62,140
up €62,140 (+622.7%), from €9,979 to €72,119
of which Other amounts receivable: +€49,804
- Tangible fixed assets +€51,787
up €51,787 (+115.8%), from €44,731 to €96,517
of which Furniture and vehicles: +€53,002
- Profit (loss) carried forward +€36,409
up €36,409 (+71.0%), from €51,295 to €87,704
- Debts after one year -€22,393
down €22,393 (-28.4%), from €78,804 to €56,411
- Tax, wage and social debts +€8,519
up €8,519 (+81.5%), from €10,446 to €18,965
of which Taxes: +€6,819
- Other debts -€5,943
no longer reported in 2025 (was €5,943)
- Current portion of long-term debt -€4,086
down €4,086 (-15.4%), from €26,480 to €22,393
- Gross operating margin +€43,490
up €43,490 (+95.2%), from €45,669 to €89,159
- Depreciation +€16,531
up €16,531 (+114.3%), from €14,465 to €30,996
- Financial charges +€9,263
up €9,263 (+704.6%), from €1,315 to €10,577
of which Non-recurring financial charges: +€6,733
- Taxes +€4,561
up €4,561 (+71.8%), from €6,352 to €10,913
- Financial income +€1,351
up €1,351 (+13509700.0%), from €0 to €1,351
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.
Cash bridge derived
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 | €175,153 | €187,734 | +€12,581 | +7.2% |
| Formation expenses | 20 | €100 | - | -€100 | |
| Fixed assets | 21/28 | €44,731 | €96,517 | +€51,787 | +115.8% |
| Tangible fixed assets | 22/27 | €44,731 | €96,517 | +€51,787 | +115.8% |
| Plant, machinery and equipment | 23 | €9,373 | €8,158 | -€1,215 | -13.0% |
| Furniture and vehicles | 24 | €35,358 | €88,360 | +€53,002 | +149.9% |
| Current assets | 29/58 | €130,323 | €91,217 | -€39,106 | -30.0% |
| Amounts receivable within one year | 40/41 | €9,979 | €72,119 | +€62,140 | +622.7% |
| Trade receivables | 40 | €8,683 | €21,019 | +€12,337 | +142.1% |
| Other amounts receivable | 41 | €1,296 | €51,100 | +€49,804 | +3842.2% |
| Cash at bank and in hand | 54/58 | €120,344 | €19,098 | -€101,247 | -84.1% |
| Total equity and liabilities | 10/49 | €175,153 | €187,734 | +€12,581 | +7.2% |
| Equity | 10/15 | €53,295 | €89,704 | +€36,409 | +68.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,295 | €87,704 | +€36,409 | +71.0% |
| Amounts payable | 17/49 | €121,858 | €98,030 | -€23,828 | -19.6% |
| Amounts payable after more than one year | 17 | €78,804 | €56,411 | -€22,393 | -28.4% |
| Financial debts | 170/4 | €78,804 | €56,411 | -€22,393 | -28.4% |
| Amounts payable within one year | 42/48 | €43,054 | €41,619 | -€1,435 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €26,480 | €22,393 | -€4,086 | -15.4% |
| Trade debts | 44 | €186 | €261 | +€76 | +40.8% |
| Suppliers | 440/4 | €186 | €261 | +€76 | +40.8% |
| Taxes, remuneration and social security | 45 | €10,446 | €18,965 | +€8,519 | +81.5% |
| Taxes | 450/3 | €10,446 | €17,265 | +€6,819 | +65.3% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €5,943 | - | -€5,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,465 | €30,996 | +€16,531 | +114.3% |
| Other operating charges | 640/8 | €755 | €1,615 | +€860 | +113.9% |
| Gross operating margin | 9900 | €45,669 | €89,159 | +€43,490 | +95.2% |
| Operating profit (loss) | 9901 | €30,448 | €56,548 | +€26,100 | +85.7% |
| Financial income | 75/76B | €0 | €1,351 | +€1,351 | +13509700.0% |
| Recurring financial income | 75 | €0 | €1,351 | +€1,351 | +13509700.0% |
| Financial charges | 65/66B | €1,315 | €10,577 | +€9,263 | +704.6% |
| Recurring financial charges | 65 | €1,315 | €3,845 | +€2,530 | +192.4% |
| Non-recurring financial charges | 66B | - | €6,733 | +€6,733 | |
| Profit (loss) for the period before taxes | 9903 | €29,134 | €47,322 | +€18,188 | +62.4% |
| Income taxes | 67/77 | €6,352 | €10,913 | +€4,561 | +71.8% |
| Profit (loss) for the period | 9904 | €22,782 | €36,409 | +€13,627 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,782 | €36,409 | +€13,627 | +59.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.