SUPER 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.
SUPER WELDING
Largest movements
- Receivables within one year +€333,611
up €333,611 (+215.1%), from €155,073 to €488,684
of which Trade receivables: +€348,451
- Tangible fixed assets -€47,469
down €47,469 (-20.5%), from €231,939 to €184,470
of which Furniture and vehicles: -€35,321
- Cash +€27,531
up €27,531 (+6.4%), from €429,793 to €457,324
mainly Net result for the year (+€217,486) and Tax, wage and social debts (+€133,667)
- Deferred charges and accrued income -€14,500
down €14,500 (-81.9%), from €17,696 to €3,195
- Reserves +€197,500
up €197,500 (+66.9%), from €295,360 to €492,860
- Tax, wage and social debts +€133,667
up €133,667 (+474.0%), from €28,199 to €161,866
of which Taxes: +€115,087
- Debts after one year -€61,177
down €61,177 (-41.0%), from €149,225 to €88,047
- Other debts +€51,757
up €51,757 (+36.1%), from €143,481 to €195,238
- Trade debts -€15,587
down €15,587 (-32.1%), from €48,486 to €32,899
- Gross operating margin +€286,516
up €286,516 (+88.8%), from €322,603 to €609,119
- Staff costs +€66,692
up €66,692 (+57.7%), from €115,582 to €182,274
- Taxes +€61,219
up €61,219 (+162.8%), from €37,602 to €98,821
- Financial charges +€32,881
up €32,881 (+164.2%), from €20,022 to €52,903
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 | €866,344 | €1,169,405 | +€303,062 | +35.0% |
| Fixed assets | 21/28 | €234,454 | €186,985 | -€47,469 | -20.2% |
| Tangible fixed assets | 22/27 | €231,939 | €184,470 | -€47,469 | -20.5% |
| Land and buildings | 22 | €54,322 | €47,347 | -€6,975 | -12.8% |
| Plant, machinery and equipment | 23 | €57,327 | €52,153 | -€5,173 | -9.0% |
| Furniture and vehicles | 24 | €120,290 | €84,969 | -€35,321 | -29.4% |
| Financial fixed assets | 28 | €2,515 | €2,515 | = | 0.0% |
| Current assets | 29/58 | €631,890 | €982,421 | +€350,531 | +55.5% |
| Stocks and contracts in progress | 3 | €29,328 | €33,217 | +€3,889 | +13.3% |
| Stocks | 30/36 | €29,328 | €33,217 | +€3,889 | +13.3% |
| Amounts receivable within one year | 40/41 | €155,073 | €488,684 | +€333,611 | +215.1% |
| Trade receivables | 40 | €134,901 | €483,353 | +€348,451 | +258.3% |
| Other amounts receivable | 41 | €20,172 | €5,331 | -€14,841 | -73.6% |
| Cash at bank and in hand | 54/58 | €429,793 | €457,324 | +€27,531 | +6.4% |
| Deferred charges and accrued income | 490/1 | €17,696 | €3,195 | -€14,500 | -81.9% |
| Total equity and liabilities | 10/49 | €866,344 | €1,169,405 | +€303,062 | +35.0% |
| Equity | 10/15 | €429,164 | €625,116 | +€195,952 | +45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,360 | €492,860 | +€197,500 | +66.9% |
| Distributable reserves | 133 | €295,360 | €492,860 | +€197,500 | +66.9% |
| Profit (loss) carried forward | 14 | €110,133 | €110,171 | +€38 | 0.0% |
| Investment grants | 15 | €5,071 | €3,485 | -€1,586 | -31.3% |
| Amounts payable | 17/49 | €437,180 | €544,289 | +€107,109 | +24.5% |
| Amounts payable after more than one year | 17 | €149,225 | €88,047 | -€61,177 | -41.0% |
| Financial debts | 170/4 | €149,225 | €88,047 | -€61,177 | -41.0% |
| Amounts payable within one year | 42/48 | €287,075 | €456,242 | +€169,167 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €66,908 | €66,238 | -€670 | -1.0% |
| Trade debts | 44 | €48,486 | €32,899 | -€15,587 | -32.1% |
| Suppliers | 440/4 | €48,486 | €32,899 | -€15,587 | -32.1% |
| Taxes, remuneration and social security | 45 | €28,199 | €161,866 | +€133,667 | +474.0% |
| Taxes | 450/3 | €7,781 | €122,868 | +€115,087 | +1479.1% |
| Remuneration and social security | 454/9 | €20,418 | €38,998 | +€18,581 | +91.0% |
| Other amounts payable | 47/48 | €143,481 | €195,238 | +€51,757 | +36.1% |
| Accrued charges and deferred income | 492/3 | €880 | €0 | -€880 | -100.0% |
| Remuneration, social security and pensions | 62 | €115,582 | €182,274 | +€66,692 | +57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,343 | €58,806 | +€463 | +0.8% |
| Other operating charges | 640/8 | €3,020 | €3,089 | +€69 | +2.3% |
| Gross operating margin | 9900 | €322,603 | €609,119 | +€286,516 | +88.8% |
| Operating profit (loss) | 9901 | €145,657 | €364,950 | +€219,293 | +150.6% |
| Financial income | 75/76B | €4,073 | €4,260 | +€187 | +4.6% |
| Recurring financial income | 75 | €4,073 | €4,260 | +€187 | +4.6% |
| Financial charges | 65/66B | €20,022 | €52,903 | +€32,881 | +164.2% |
| Recurring financial charges | 65 | €20,022 | €52,903 | +€32,881 | +164.2% |
| Profit (loss) for the period before taxes | 9903 | €129,708 | €316,307 | +€186,599 | +143.9% |
| Income taxes | 67/77 | €37,602 | €98,821 | +€61,219 | +162.8% |
| Profit (loss) for the period | 9904 | €92,106 | €217,486 | +€125,380 | +136.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,106 | €217,486 | +€125,380 | +136.1% |
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.