VALK 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.
VALK WELDING
Largest movements
- Receivables after one year +€333,577
up €333,577 (+291.7%), from €114,351 to €447,928
of which Other amounts receivable: +€326,077
- Cash -€208,647
down €208,647 (-78.8%), from €264,735 to €56,088
mainly Receivables after one year (-€333,577) and Investment in fixed assets (net) (-€246,026)
- Tangible fixed assets +€184,571
up €184,571 (+393.6%), from €46,893 to €231,464
- Deferred charges and accrued income -€18,002
down €18,002 (-37.6%), from €47,911 to €29,909
- Other debts +€231,112
up €231,112 (+300.3%), from €76,972 to €308,084
- Profit (loss) carried forward +€26,525
up €26,525 (+18.1%), from €146,819 to €173,344
- Trade debts +€18,103
up €18,103 (+127.4%), from €14,213 to €32,316
- Tax, wage and social debts +€15,759
up €15,759 (+9.7%), from €161,737 to €177,496
of which Remuneration and social security: +€38,873
- Staff costs +€87,433
up €87,433 (+7.3%), from €1.2m to €1.3m
- Gross operating margin +€72,872
up €72,872 (+5.4%), from €1.3m to €1.4m
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 | €473,890 | €765,389 | +€291,499 | +61.5% |
| Fixed assets | 21/28 | €46,893 | €231,464 | +€184,571 | +393.6% |
| Tangible fixed assets | 22/27 | €46,893 | €231,464 | +€184,571 | +393.6% |
| Furniture and vehicles | 24 | €46,893 | €231,464 | +€184,571 | +393.6% |
| Current assets | 29/58 | €426,997 | €533,925 | +€106,928 | +25.0% |
| Amounts receivable after more than one year | 29 | €114,351 | €447,928 | +€333,577 | +291.7% |
| Trade receivables | 290 | - | €7,500 | +€7,500 | |
| Other amounts receivable | 291 | €114,351 | €440,428 | +€326,077 | +285.2% |
| Cash at bank and in hand | 54/58 | €264,735 | €56,088 | -€208,647 | -78.8% |
| Deferred charges and accrued income | 490/1 | €47,911 | €29,909 | -€18,002 | -37.6% |
| Total equity and liabilities | 10/49 | €473,890 | €765,389 | +€291,499 | +61.5% |
| Equity | 10/15 | €220,968 | €247,493 | +€26,525 | +12.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €12,149 | €12,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,949 | €5,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,819 | €173,344 | +€26,525 | +18.1% |
| Amounts payable | 17/49 | €252,922 | €517,896 | +€264,974 | +104.8% |
| Amounts payable within one year | 42/48 | €252,922 | €517,896 | +€264,974 | +104.8% |
| Trade debts | 44 | €14,213 | €32,316 | +€18,103 | +127.4% |
| Suppliers | 440/4 | €14,213 | €32,316 | +€18,103 | +127.4% |
| Taxes, remuneration and social security | 45 | €161,737 | €177,496 | +€15,759 | +9.7% |
| Taxes | 450/3 | €35,353 | €12,239 | -€23,114 | -65.4% |
| Remuneration and social security | 454/9 | €126,384 | €165,257 | +€38,873 | +30.8% |
| Other amounts payable | 47/48 | €76,972 | €308,084 | +€231,112 | +300.3% |
| Remuneration, social security and pensions | 62 | €1,196,849 | €1,284,282 | +€87,433 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,249 | €61,455 | -€13,794 | -18.3% |
| Gross operating margin | 9900 | €1,346,965 | €1,419,837 | +€72,872 | +5.4% |
| Operating profit (loss) | 9901 | €74,867 | €74,100 | -€767 | -1.0% |
| Financial charges | 65/66B | €2,223 | €2,405 | +€182 | +8.2% |
| Recurring financial charges | 65 | €2,223 | €2,405 | +€182 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €72,644 | €71,695 | -€949 | -1.3% |
| Income taxes | 67/77 | €32,980 | €30,494 | -€2,486 | -7.5% |
| Profit (loss) for the period | 9904 | €39,664 | €41,201 | +€1,537 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,664 | €41,201 | +€1,537 | +3.9% |
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 4 October 2026 via checked.be.