Varela Welding Services: 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.
Varela Welding Services
Largest movements
- Tangible fixed assets +€30,751
up €30,751 (+660%), from €4,660 to €35,411
- Receivables within one year -€16,255
down €16,255 (-72.3%), from €22,476 to €6,221
of which Other amounts receivable: -€9,256
- Cash -€4,320
down €4,320 (-34.8%), from €12,406 to €8,086
mainly Investment in fixed assets (net) (-€40,136) and Contributions, distributions and other (-€32,900)
- Reserves -€27,500
no longer reported in 2025 (was €27,500)
- Debts after one year +€25,159
new in 2025: €25,159
- Current portion of long-term debt +€10,214
new in 2025: €10,214
- Other debts +€6,200
new in 2025: €6,200
- Trade debts -€2,157
down €2,157 (-52.8%), from €4,087 to €1,930
- Gross operating margin -€9,907
down €9,907 (-33.4%), from €29,652 to €19,746
- Depreciation +€6,011
up €6,011 (+178%), from €3,374 to €9,386
- Taxes -€4,097
down €4,097 (-55.6%), from €7,373 to €3,276
- Other operating charges -€1,047
down €1,047 (-55.3%), from €1,892 to €845
- Financial charges +€759
up €759 (+155%), from €489 to €1,248
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 | €39,543 | €49,719 | +€10,176 | +25.7% |
| Fixed assets | 21/28 | €4,660 | €35,411 | +€30,751 | +660% |
| Tangible fixed assets | 22/27 | €4,660 | €35,411 | +€30,751 | +660% |
| Furniture and vehicles | 24 | €4,660 | €35,411 | +€30,751 | +660% |
| Current assets | 29/58 | €34,882 | €14,308 | -€20,575 | -59.0% |
| Amounts receivable within one year | 40/41 | €22,476 | €6,221 | -€16,255 | -72.3% |
| Trade receivables | 40 | €9,515 | €2,516 | -€6,999 | -73.6% |
| Other amounts receivable | 41 | €12,961 | €3,706 | -€9,256 | -71.4% |
| Cash at bank and in hand | 54/58 | €12,406 | €8,086 | -€4,320 | -34.8% |
| Total equity and liabilities | 10/49 | €39,543 | €49,719 | +€10,176 | +25.7% |
| Equity | 10/15 | €30,136 | €2,516 | -€27,620 | -91.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €27,500 | - | -€27,500 | |
| Distributable reserves | 133 | €27,500 | - | -€27,500 | |
| Profit (loss) carried forward | 14 | €136 | €16 | -€120 | -88.2% |
| Amounts payable | 17/49 | €9,407 | €47,203 | +€37,795 | +402% |
| Amounts payable after more than one year | 17 | - | €25,159 | +€25,159 | |
| Financial debts | 170/4 | - | €25,159 | +€25,159 | |
| Amounts payable within one year | 42/48 | €8,907 | €21,794 | +€12,887 | +145% |
| Current portion of amounts payable after more than one year | 42 | - | €10,214 | +€10,214 | |
| Trade debts | 44 | €4,087 | €1,930 | -€2,157 | -52.8% |
| Suppliers | 440/4 | €4,087 | €1,930 | -€2,157 | -52.8% |
| Taxes, remuneration and social security | 45 | €4,820 | €3,450 | -€1,370 | -28.4% |
| Taxes | 450/3 | €4,820 | €3,450 | -€1,370 | -28.4% |
| Other amounts payable | 47/48 | - | €6,200 | +€6,200 | |
| Accrued charges and deferred income | 492/3 | €500 | €250 | -€250 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,374 | €9,386 | +€6,011 | +178% |
| Other operating charges | 640/8 | €1,892 | €845 | -€1,047 | -55.3% |
| Gross operating margin | 9900 | €29,652 | €19,746 | -€9,907 | -33.4% |
| Operating profit (loss) | 9901 | €24,386 | €9,515 | -€14,871 | -61.0% |
| Financial income | 75/76B | €433 | €290 | -€143 | -33.1% |
| Recurring financial income | 75 | €433 | €290 | -€143 | -33.1% |
| Financial charges | 65/66B | €489 | €1,248 | +€759 | +155% |
| Recurring financial charges | 65 | €489 | €1,248 | +€759 | +155% |
| Profit (loss) for the period before taxes | 9903 | €24,330 | €8,556 | -€15,774 | -64.8% |
| Income taxes | 67/77 | €7,373 | €3,276 | -€4,097 | -55.6% |
| Profit (loss) for the period | 9904 | €16,957 | €5,280 | -€11,677 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,957 | €5,280 | -€11,677 | -68.9% |
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 21 October 2026 via checked.be.