WELD: 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.
WELD
Largest movements
- Cash +€44,972
up €44,972 (+172.0%), from €26,139 to €71,111
mainly Net result for the year (+€33,538) and Tax, wage and social debts (+€29,146)
- Receivables within one year +€14,931
up €14,931 (+43.3%), from €34,503 to €49,433
of which Other amounts receivable: +€16,215
- Tangible fixed assets -€8,655
down €8,655 (-25.4%), from €34,133 to €25,478
of which Furniture and vehicles: -€4,503
- Profit (loss) carried forward +€33,538
up €33,538 (+1127.5%), from €2,975 to €36,512
- Tax, wage and social debts +€29,146
up €29,146 (+93.2%), from €31,271 to €60,417
- Trade debts -€13,131
down €13,131 (-46.7%), from €28,133 to €15,002
- Other debts -€4,996
no longer reported in 2024 (was €4,996)
- Current portion of long-term debt +€4,852
new in 2024: €4,852
- Turnover -€454,830
no longer reported in 2024 (was €454,830)
- Purchases and services -€318,531
no longer reported in 2024 (was €318,531)
- Staff costs -€28,918
down €28,918 (-40.3%), from €71,807 to €42,889
- Gross operating margin -€26,586
down €26,586 (-19.0%), from €140,157 to €113,571
- Depreciation -€5,034
down €5,034 (-27.1%), from €18,578 to €13,544
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,417 | €168,118 | +€51,701 | +44.4% |
| Fixed assets | 21/28 | €34,133 | €25,778 | -€8,355 | -24.5% |
| Tangible fixed assets | 22/27 | €34,133 | €25,478 | -€8,655 | -25.4% |
| Land and buildings | 22 | €4,296 | €3,311 | -€985 | -22.9% |
| Plant, machinery and equipment | 23 | €13,449 | €10,282 | -€3,167 | -23.5% |
| Furniture and vehicles | 24 | €16,387 | €11,885 | -€4,503 | -27.5% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €82,284 | €142,340 | +€60,056 | +73.0% |
| Stocks and contracts in progress | 3 | €21,642 | €21,642 | = | 0.0% |
| Stocks | 30/36 | €21,642 | €21,642 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,503 | €49,433 | +€14,931 | +43.3% |
| Trade receivables | 40 | €29,342 | €28,058 | -€1,284 | -4.4% |
| Other amounts receivable | 41 | €5,161 | €21,376 | +€16,215 | +314.2% |
| Cash at bank and in hand | 54/58 | €26,139 | €71,111 | +€44,972 | +172.0% |
| Deferred charges and accrued income | 490/1 | - | €153 | +€153 | |
| Total equity and liabilities | 10/49 | €116,417 | €168,118 | +€51,701 | +44.4% |
| Equity | 10/15 | €52,016 | €85,554 | +€33,538 | +64.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,042 | €29,042 | = | 0.0% |
| Distributable reserves | 133 | €29,042 | €29,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,975 | €36,512 | +€33,538 | +1127.5% |
| Amounts payable | 17/49 | €64,401 | €82,564 | +€18,163 | +28.2% |
| Amounts payable after more than one year | 17 | - | €2,293 | +€2,293 | |
| Financial debts | 170/4 | - | €2,293 | +€2,293 | |
| Amounts payable within one year | 42/48 | €64,401 | €80,271 | +€15,871 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,852 | +€4,852 | |
| Trade debts | 44 | €28,133 | €15,002 | -€13,131 | -46.7% |
| Suppliers | 440/4 | €28,133 | €15,002 | -€13,131 | -46.7% |
| Taxes, remuneration and social security | 45 | €31,271 | €60,417 | +€29,146 | +93.2% |
| Taxes | 450/3 | €31,271 | €60,417 | +€29,146 | +93.2% |
| Other amounts payable | 47/48 | €4,996 | - | -€4,996 | |
| Turnover | 70 | €454,830 | - | -€454,830 | |
| Goods, raw materials, services and sundry goods | 60/61 | €318,531 | - | -€318,531 | |
| Remuneration, social security and pensions | 62 | €71,807 | €42,889 | -€28,918 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,578 | €13,544 | -€5,034 | -27.1% |
| Other operating charges | 640/8 | €543 | €752 | +€208 | +38.3% |
| Gross operating margin | 9900 | €140,157 | €113,571 | -€26,586 | -19.0% |
| Operating profit (loss) | 9901 | €49,229 | €56,387 | +€7,158 | +14.5% |
| Financial income | 75/76B | €166 | €11 | -€155 | -93.3% |
| Recurring financial income | 75 | €166 | €11 | -€155 | -93.3% |
| Financial charges | 65/66B | €2,547 | €3,613 | +€1,066 | +41.8% |
| Recurring financial charges | 65 | €2,547 | €3,613 | +€1,066 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €46,848 | €52,785 | +€5,937 | +12.7% |
| Income taxes | 67/77 | €17,807 | €19,248 | +€1,441 | +8.1% |
| Profit (loss) for the period | 9904 | €29,042 | €33,538 | +€4,496 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,042 | €33,538 | +€4,496 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.