RJ 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.
RJ Welding
Largest movements
- Current investments +€122,876
up €122,876 (+87.6%), from €140,344 to €263,220
- Cash -€63,064
down €63,064 (-52.7%), from €119,778 to €56,714
mainly Current investments (-€122,876) and Receivables within one year (-€53,914)
- Receivables within one year +€53,914
up €53,914 (+161%), from €33,490 to €87,403
of which Trade receivables: +€77,035
- Tangible fixed assets -€30,756
down €30,756 (-14.6%), from €211,275 to €180,518
of which Furniture and vehicles: -€24,125
- Deferred charges and accrued income -€23,247
down €23,247 (-91.5%), from €25,398 to €2,151
- Reserves +€96,637
up €96,637 (+32.0%), from €301,860 to €398,497
- Trade debts -€22,184
down €22,184 (-69.4%), from €31,974 to €9,790
- Debts after one year -€10,002
down €10,002 (-9.9%), from €101,400 to €91,397
- Gross operating margin +€41,222
up €41,222 (+30.9%), from €133,375 to €174,597
- Taxes +€14,757
up €14,757 (+56.3%), from €26,219 to €40,976
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 | €530,284 | €590,006 | +€59,722 | +11.3% |
| Fixed assets | 21/28 | €211,275 | €180,518 | -€30,756 | -14.6% |
| Tangible fixed assets | 22/27 | €211,275 | €180,518 | -€30,756 | -14.6% |
| Land and buildings | 22 | €138,395 | €133,270 | -€5,125 | -3.7% |
| Plant, machinery and equipment | 23 | €3,134 | €1,628 | -€1,506 | -48.0% |
| Furniture and vehicles | 24 | €69,746 | €45,620 | -€24,125 | -34.6% |
| Current assets | 29/58 | €319,009 | €409,487 | +€90,478 | +28.4% |
| Amounts receivable within one year | 40/41 | €33,490 | €87,403 | +€53,914 | +161% |
| Trade receivables | 40 | - | €77,035 | +€77,035 | |
| Other amounts receivable | 41 | €33,490 | €10,368 | -€23,121 | -69.0% |
| Current investments | 50/53 | €140,344 | €263,220 | +€122,876 | +87.6% |
| Cash at bank and in hand | 54/58 | €119,778 | €56,714 | -€63,064 | -52.7% |
| Deferred charges and accrued income | 490/1 | €25,398 | €2,151 | -€23,247 | -91.5% |
| Total equity and liabilities | 10/49 | €530,284 | €590,006 | +€59,722 | +11.3% |
| Equity | 10/15 | €363,963 | €458,107 | +€94,144 | +25.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €301,860 | €398,497 | +€96,637 | +32.0% |
| Distributable reserves | 133 | €301,860 | €398,497 | +€96,637 | +32.0% |
| Profit (loss) carried forward | 14 | €29,329 | €27,663 | -€1,666 | -5.7% |
| Investment grants | 15 | €20,274 | €19,446 | -€828 | -4.1% |
| Amounts payable | 17/49 | €166,321 | €131,899 | -€34,422 | -20.7% |
| Amounts payable after more than one year | 17 | €101,400 | €91,397 | -€10,002 | -9.9% |
| Financial debts | 170/4 | €101,400 | €91,397 | -€10,002 | -9.9% |
| Amounts payable within one year | 42/48 | €46,922 | €22,501 | -€24,420 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €9,763 | €10,002 | +€239 | +2.4% |
| Financial debts | 43 | €273 | €95 | -€178 | -65.3% |
| Credit institutions | 430/8 | €273 | €95 | -€178 | -65.3% |
| Trade debts | 44 | €31,974 | €9,790 | -€22,184 | -69.4% |
| Suppliers | 440/4 | €31,974 | €9,790 | -€22,184 | -69.4% |
| Taxes, remuneration and social security | 45 | €56 | €56 | = | 0.0% |
| Taxes | 450/3 | €56 | €56 | = | 0.0% |
| Other amounts payable | 47/48 | €4,856 | €2,559 | -€2,297 | -47.3% |
| Accrued charges and deferred income | 492/3 | €18,000 | €18,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,141 | €33,789 | -€351 | -1.0% |
| Other operating charges | 640/8 | €1,647 | €2,125 | +€478 | +29.0% |
| Non-recurring operating charges | 66A | €89 | - | -€89 | |
| Gross operating margin | 9900 | €133,375 | €174,597 | +€41,222 | +30.9% |
| Operating profit (loss) | 9901 | €97,497 | €138,683 | +€41,185 | +42.2% |
| Financial income | 75/76B | €828 | €2,082 | +€1,254 | +152% |
| Recurring financial income | 75 | €828 | €2,082 | +€1,254 | +152% |
| Financial charges | 65/66B | €4,079 | €3,151 | -€929 | -22.8% |
| Recurring financial charges | 65 | €4,079 | €3,151 | -€929 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €94,245 | €137,613 | +€43,368 | +46.0% |
| Income taxes | 67/77 | €26,219 | €40,976 | +€14,757 | +56.3% |
| Profit (loss) for the period | 9904 | €68,027 | €96,637 | +€28,611 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,027 | €96,637 | +€28,611 | +42.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.