Weld - Connect: 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.
Weld - Connect
Largest movements
- Cash +€45,322
up €45,322 (+25.2%), from €179,990 to €225,312
mainly Other debts (+€92,340) and Net result for the year (+€70,465)
- Receivables within one year -€19,154
down €19,154 (-19.8%), from €96,837 to €77,682
of which Trade receivables: -€14,441
- Stocks and contracts +€15,000
new in 2025: €15,000
- Tangible fixed assets +€14,003
up €14,003 (+39.9%), from €35,073 to €49,075
- Other debts +€92,340
up €92,340, from €0 to €92,340
- Reserves -€29,535
down €29,535 (-24.0%), from €123,290 to €93,755
- Trade debts -€22,097
down €22,097 (-25.5%), from €86,685 to €64,587
- Tax, wage and social debts +€18,902
up €18,902 (+21.1%), from €89,702 to €108,604
of which Taxes: +€21,613
- Debts after one year -€7,656
down €7,656 (-79.5%), from €9,629 to €1,973
- Gross operating margin +€44,318
up €44,318 (+46.9%), from €94,520 to €138,838
- Staff costs +€9,975
up €9,975 (+102%), from €9,759 to €19,734
- Taxes +€8,532
up €8,532 (+48.4%), from €17,634 to €26,166
- Depreciation +€3,747
up €3,747 (+31.4%), from €11,923 to €15,670
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 | €317,800 | €370,115 | +€52,315 | +16.5% |
| Fixed assets | 21/28 | €38,973 | €51,359 | +€12,386 | +31.8% |
| Intangible fixed assets | 21 | €3,900 | €2,284 | -€1,617 | -41.4% |
| Tangible fixed assets | 22/27 | €35,073 | €49,075 | +€14,003 | +39.9% |
| Furniture and vehicles | 24 | €35,073 | €49,075 | +€14,003 | +39.9% |
| Current assets | 29/58 | €278,827 | €318,756 | +€39,929 | +14.3% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €96,837 | €77,682 | -€19,154 | -19.8% |
| Trade receivables | 40 | €63,598 | €49,157 | -€14,441 | -22.7% |
| Other amounts receivable | 41 | €33,239 | €28,525 | -€4,714 | -14.2% |
| Cash at bank and in hand | 54/58 | €179,990 | €225,312 | +€45,322 | +25.2% |
| Deferred charges and accrued income | 490/1 | €2,000 | €762 | -€1,238 | -61.9% |
| Total equity and liabilities | 10/49 | €317,800 | €370,115 | +€52,315 | +16.5% |
| Equity | 10/15 | €124,490 | €94,955 | -€29,535 | -23.7% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €123,290 | €93,755 | -€29,535 | -24.0% |
| Distributable reserves | 133 | €123,290 | €93,755 | -€29,535 | -24.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €193,310 | €275,160 | +€81,850 | +42.3% |
| Amounts payable after more than one year | 17 | €9,629 | €1,973 | -€7,656 | -79.5% |
| Financial debts | 170/4 | €9,629 | €1,973 | -€7,656 | -79.5% |
| Amounts payable within one year | 42/48 | €183,681 | €273,187 | +€89,506 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €7,295 | €7,656 | +€361 | +5.0% |
| Trade debts | 44 | €86,685 | €64,587 | -€22,097 | -25.5% |
| Suppliers | 440/4 | €86,685 | €64,587 | -€22,097 | -25.5% |
| Taxes, remuneration and social security | 45 | €89,702 | €108,604 | +€18,902 | +21.1% |
| Taxes | 450/3 | €86,991 | €108,604 | +€21,613 | +24.8% |
| Remuneration and social security | 454/9 | €2,711 | €0 | -€2,711 | -100% |
| Other amounts payable | 47/48 | €0 | €92,340 | +€92,340 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €9,759 | €19,734 | +€9,975 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,923 | €15,670 | +€3,747 | +31.4% |
| Other operating charges | 640/8 | €5,244 | €5,014 | -€229 | -4.4% |
| Gross operating margin | 9900 | €94,520 | €138,838 | +€44,318 | +46.9% |
| Operating profit (loss) | 9901 | €67,594 | €98,420 | +€30,826 | +45.6% |
| Financial income | 75/76B | €243 | €9 | -€233 | -96.2% |
| Recurring financial income | 75 | €243 | €9 | -€233 | -96.2% |
| Financial charges | 65/66B | €1,550 | €1,798 | +€248 | +16.0% |
| Recurring financial charges | 65 | €1,550 | €1,798 | +€248 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €66,287 | €96,631 | +€30,344 | +45.8% |
| Income taxes | 67/77 | €17,634 | €26,166 | +€8,532 | +48.4% |
| Profit (loss) for the period | 9904 | €48,653 | €70,465 | +€21,812 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,653 | €70,465 | +€21,812 | +44.8% |
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.