R&B Welders: 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.
R&B Welders
Largest movements
- Receivables within one year +€79,497
up €79,497 (+94.8%), from €83,859 to €163,356
of which Trade receivables: +€51,554
- Cash +€49,250
up €49,250 (+163%), from €30,287 to €79,536
mainly Other debts (+€150,000) and Net result for the year (+€101,947)
- Tangible fixed assets +€31,527
up €31,527 (+32.7%), from €96,397 to €127,924
of which Plant, machinery and equipment: +€16,672
- Other debts +€150,000
new in 2025: €150,000
- Reserves -€48,053
down €48,053 (-72.3%), from €66,444 to €18,391
- Tax, wage and social debts +€25,649
up €25,649 (+75.5%), from €33,976 to €59,625
of which Taxes: +€31,289
- Debts after one year +€16,923
up €16,923 (+23.0%), from €73,607 to €90,530
- Current portion of long-term debt +€12,909
up €12,909 (+42.8%), from €30,173 to €43,082
- Gross operating margin +€104,241
up €104,241 (+87.3%), from €119,435 to €223,677
- Taxes +€25,405
up €25,405 (+239%), from €10,651 to €36,056
- Financial charges +€8,832
up €8,832 (+138%), from €6,422 to €15,254
- Depreciation +€4,892
up €4,892 (+10.6%), from €46,291 to €51,183
- Other operating charges +€2,696
up €2,696 (+115%), from €2,351 to €5,047
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 | €215,304 | €375,750 | +€160,446 | +74.5% |
| Fixed assets | 21/28 | €96,397 | €127,924 | +€31,527 | +32.7% |
| Tangible fixed assets | 22/27 | €96,397 | €127,924 | +€31,527 | +32.7% |
| Plant, machinery and equipment | 23 | - | €16,672 | +€16,672 | |
| Furniture and vehicles | 24 | €96,397 | €111,252 | +€14,855 | +15.4% |
| Current assets | 29/58 | €118,907 | €247,826 | +€128,918 | +108% |
| Amounts receivable within one year | 40/41 | €83,859 | €163,356 | +€79,497 | +94.8% |
| Trade receivables | 40 | €22,019 | €73,573 | +€51,554 | +234% |
| Other amounts receivable | 41 | €61,840 | €89,784 | +€27,943 | +45.2% |
| Cash at bank and in hand | 54/58 | €30,287 | €79,536 | +€49,250 | +163% |
| Deferred charges and accrued income | 490/1 | €4,762 | €4,933 | +€171 | +3.6% |
| Total equity and liabilities | 10/49 | €215,304 | €375,750 | +€160,446 | +74.5% |
| Equity | 10/15 | €68,444 | €20,391 | -€48,053 | -70.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €66,444 | €18,391 | -€48,053 | -72.3% |
| Distributable reserves | 133 | €66,444 | €18,391 | -€48,053 | -72.3% |
| Amounts payable | 17/49 | €146,860 | €355,359 | +€208,498 | +142% |
| Amounts payable after more than one year | 17 | €73,607 | €90,530 | +€16,923 | +23.0% |
| Financial debts | 170/4 | €73,607 | €90,530 | +€16,923 | +23.0% |
| Amounts payable within one year | 42/48 | €73,254 | €264,829 | +€191,575 | +262% |
| Current portion of amounts payable after more than one year | 42 | €30,173 | €43,082 | +€12,909 | +42.8% |
| Financial debts | 43 | €5,061 | €5,000 | -€61 | -1.2% |
| Credit institutions | 430/8 | €5,061 | €5,000 | -€61 | -1.2% |
| Trade debts | 44 | €4,045 | €7,122 | +€3,077 | +76.1% |
| Suppliers | 440/4 | €4,045 | €7,122 | +€3,077 | +76.1% |
| Taxes, remuneration and social security | 45 | €33,976 | €59,625 | +€25,649 | +75.5% |
| Taxes | 450/3 | €24,132 | €55,422 | +€31,289 | +130% |
| Remuneration and social security | 454/9 | €9,843 | €4,203 | -€5,640 | -57.3% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Remuneration, social security and pensions | 62 | €19,972 | €18,426 | -€1,545 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,291 | €51,183 | +€4,892 | +10.6% |
| Other operating charges | 640/8 | €2,351 | €5,047 | +€2,696 | +115% |
| Gross operating margin | 9900 | €119,435 | €223,677 | +€104,241 | +87.3% |
| Operating profit (loss) | 9901 | €50,821 | €149,020 | +€98,199 | +193% |
| Financial income | 75/76B | €2,005 | €4,238 | +€2,233 | +111% |
| Recurring financial income | 75 | €2,005 | €4,238 | +€2,233 | +111% |
| Financial charges | 65/66B | €6,422 | €15,254 | +€8,832 | +138% |
| Recurring financial charges | 65 | €6,422 | €15,254 | +€8,832 | +138% |
| Profit (loss) for the period before taxes | 9903 | €46,404 | €138,004 | +€91,599 | +197% |
| Income taxes | 67/77 | €10,651 | €36,056 | +€25,405 | +239% |
| Profit (loss) for the period | 9904 | €35,753 | €101,947 | +€66,194 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €35,753 | €101,947 | +€66,194 | +185% |
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 28 October 2026 via checked.be.