TECHNICAL WELDING SUPPORT: what changed
TECHNICAL WELDING SUPPORT
Largest movements
- Stocks and contracts -€43,664
down €43,664 (-93.1%), from €46,880 to €3,216
of which Contracts in progress: -€42,350
- Receivables within one year +€37,409
up €37,409 (+175%), from €21,366 to €58,774
of which Trade receivables: +€33,619
- Cash +€22,948
up €22,948 (+83.5%), from €27,494 to €50,442
mainly Depreciation (+€46,901) and Stocks and contracts (+€43,664)
- Deferred charges and accrued income -€11,773
down €11,773 (-73.7%), from €15,972 to €4,200
- Tangible fixed assets +€8,904
up €8,904 (+13.0%), from €68,514 to €77,418
of which Furniture and vehicles: +€20,423
- Other debts -€32,765
down €32,765 (-46.3%), from €70,701 to €37,936
- Debts after one year +€31,504
new in 2025: €31,504
- Profit (loss) carried forward +€23,093
up €23,093 (+44.9%), from -€51,381 to -€28,288
- Current portion of long-term debt -€6,223
down €6,223 (-7.3%), from €85,032 to €78,809
- Tax, wage and social debts -€4,800
down €4,800 (-59.4%), from €8,084 to €3,284
of which Taxes: -€2,404
- Staff costs -€31,809
down €31,809 (-37.4%), from €84,956 to €53,148
- Depreciation +€6,735
up €6,735 (+16.8%), from €40,165 to €46,901
- Taxes +€5,263
up €5,263 (+142%), from €3,699 to €8,962
- Financial income +€3,716
up €3,716 (+5,883%), from €63 to €3,779
- Gross operating margin -€3,354
down €3,354 (-2.3%), from €149,075 to €145,721
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,307 | €194,131 | +€13,824 | +7.7% |
| Fixed assets | 21/28 | €68,594 | €77,498 | +€8,904 | +13.0% |
| Tangible fixed assets | 22/27 | €68,514 | €77,418 | +€8,904 | +13.0% |
| Land and buildings | 22 | €8,943 | €210 | -€8,733 | -97.6% |
| Plant, machinery and equipment | 23 | €9,052 | €9,571 | +€519 | +5.7% |
| Furniture and vehicles | 24 | €36,156 | €56,579 | +€20,423 | +56.5% |
| Other tangible fixed assets | 26 | €14,363 | €11,058 | -€3,305 | -23.0% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €111,712 | €116,633 | +€4,920 | +4.4% |
| Stocks and contracts in progress | 3 | €46,880 | €3,216 | -€43,664 | -93.1% |
| Stocks | 30/36 | €4,530 | €3,216 | -€1,314 | -29.0% |
| Contracts in progress | 37 | €42,350 | - | -€42,350 | |
| Amounts receivable within one year | 40/41 | €21,366 | €58,774 | +€37,409 | +175% |
| Trade receivables | 40 | €14,666 | €48,285 | +€33,619 | +229% |
| Other amounts receivable | 41 | €6,700 | €10,490 | +€3,790 | +56.6% |
| Cash at bank and in hand | 54/58 | €27,494 | €50,442 | +€22,948 | +83.5% |
| Deferred charges and accrued income | 490/1 | €15,972 | €4,200 | -€11,773 | -73.7% |
| Total equity and liabilities | 10/49 | €180,307 | €194,131 | +€13,824 | +7.7% |
| Equity | 10/15 | €1,161 | €24,254 | +€23,093 | +1,989% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,942 | €33,942 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €32,082 | €32,082 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€51,381 | -€28,288 | +€23,093 | +44.9% |
| Amounts payable | 17/49 | €179,146 | €169,877 | -€9,269 | -5.2% |
| Amounts payable after more than one year | 17 | - | €31,504 | +€31,504 | |
| Financial debts | 170/4 | - | €31,504 | +€31,504 | |
| Amounts payable within one year | 42/48 | €179,146 | €136,691 | -€42,455 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €85,032 | €78,809 | -€6,223 | -7.3% |
| Financial debts | 43 | - | €3,047 | +€3,047 | |
| Other loans | 439 | - | €3,047 | +€3,047 | |
| Trade debts | 44 | €15,330 | €13,615 | -€1,714 | -11.2% |
| Suppliers | 440/4 | €15,330 | €13,615 | -€1,714 | -11.2% |
| Taxes, remuneration and social security | 45 | €8,084 | €3,284 | -€4,800 | -59.4% |
| Taxes | 450/3 | €2,404 | - | -€2,404 | |
| Remuneration and social security | 454/9 | €5,679 | €3,284 | -€2,395 | -42.2% |
| Other amounts payable | 47/48 | €70,701 | €37,936 | -€32,765 | -46.3% |
| Accrued charges and deferred income | 492/3 | - | €1,681 | +€1,681 | |
| Non-recurring operating income | 76A | €992 | €4,232 | +€3,240 | +327% |
| Remuneration, social security and pensions | 62 | €84,956 | €53,148 | -€31,809 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,165 | €46,901 | +€6,735 | +16.8% |
| Other operating charges | 640/8 | €7,975 | €8,204 | +€229 | +2.9% |
| Gross operating margin | 9900 | €149,075 | €145,721 | -€3,354 | -2.3% |
| Operating profit (loss) | 9901 | €15,979 | €37,469 | +€21,489 | +134% |
| Financial income | 75/76B | €63 | €3,779 | +€3,716 | +5,883% |
| Recurring financial income | 75 | €63 | €3,779 | +€3,716 | +5,883% |
| Financial charges | 65/66B | €8,574 | €9,192 | +€618 | +7.2% |
| Recurring financial charges | 65 | €8,574 | €9,192 | +€618 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €7,469 | €32,055 | +€24,587 | +329% |
| Income taxes | 67/77 | €3,699 | €8,962 | +€5,263 | +142% |
| Profit (loss) for the period | 9904 | €3,769 | €23,093 | +€19,324 | +513% |
| Profit (loss) for the period to be appropriated | 9905 | €3,769 | €23,093 | +€19,324 | +513% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.