Weld Service: 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 Service
Largest movements
- Tangible fixed assets +€22,331
up €22,331 (+108%), from €20,771 to €43,102
of which Leasing and similar rights: +€19,585
- Stocks and contracts +€3,654
up €3,654 (+36.0%), from €10,157 to €13,810
- Intangible fixed assets -€2,500
down €2,500 (-26.7%), from €9,375 to €6,875
- Reserves +€20,000
up €20,000 (+44.4%), from €45,000 to €65,000
- Other debts -€17,000
no longer reported in 2025 (was €17,000)
- Debts after one year +€14,608
up €14,608 (+102%), from €14,288 to €28,896
- Trade debts +€7,626
up €7,626 (+233%), from €3,273 to €10,899
- Tax, wage and social debts -€7,559
down €7,559 (-80.6%), from €9,375 to €1,816
- Gross operating margin +€7,661
up €7,661 (+27.6%), from €27,805 to €35,465
- Depreciation +€1,723
up €1,723 (+18.4%), from €9,375 to €11,098
- Taxes +€1,401
up €1,401 (+36.0%), from €3,890 to €5,291
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 | €122,117 | €143,618 | +€21,502 | +17.6% |
| Fixed assets | 21/28 | €30,146 | €49,977 | +€19,831 | +65.8% |
| Intangible fixed assets | 21 | €9,375 | €6,875 | -€2,500 | -26.7% |
| Tangible fixed assets | 22/27 | €20,771 | €43,102 | +€22,331 | +108% |
| Plant, machinery and equipment | 23 | €818 | €461 | -€358 | -43.7% |
| Furniture and vehicles | 24 | €1,934 | €5,037 | +€3,103 | +160% |
| Leasing and similar rights | 25 | €18,019 | €37,604 | +€19,585 | +109% |
| Current assets | 29/58 | €91,971 | €93,642 | +€1,671 | +1.8% |
| Stocks and contracts in progress | 3 | €10,157 | €13,810 | +€3,654 | +36.0% |
| Stocks | 30/36 | €10,157 | €13,810 | +€3,654 | +36.0% |
| Amounts receivable within one year | 40/41 | €53,339 | €53,418 | +€79 | +0.1% |
| Trade receivables | 40 | €4,529 | - | -€4,529 | |
| Other amounts receivable | 41 | €48,810 | €53,418 | +€4,608 | +9.4% |
| Cash at bank and in hand | 54/58 | €24,319 | €23,116 | -€1,203 | -4.9% |
| Deferred charges and accrued income | 490/1 | €4,157 | €3,298 | -€859 | -20.7% |
| Total equity and liabilities | 10/49 | €122,117 | €143,618 | +€21,502 | +17.6% |
| Equity | 10/15 | €66,244 | €85,229 | +€18,985 | +28.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €45,000 | €65,000 | +€20,000 | +44.4% |
| Distributable reserves | 133 | €45,000 | €65,000 | +€20,000 | +44.4% |
| Profit (loss) carried forward | 14 | €2,694 | €1,679 | -€1,015 | -37.7% |
| Amounts payable | 17/49 | €55,873 | €58,390 | +€2,517 | +4.5% |
| Amounts payable after more than one year | 17 | €14,288 | €28,896 | +€14,608 | +102% |
| Financial debts | 170/4 | €14,288 | €28,896 | +€14,608 | +102% |
| Amounts payable within one year | 42/48 | €41,585 | €29,494 | -€12,091 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €4,265 | €9,662 | +€5,397 | +127% |
| Financial debts | 43 | €7,671 | €7,117 | -€554 | -7.2% |
| Credit institutions | 430/8 | €7,671 | €7,117 | -€554 | -7.2% |
| Trade debts | 44 | €3,273 | €10,899 | +€7,626 | +233% |
| Suppliers | 440/4 | €3,273 | €10,899 | +€7,626 | +233% |
| Taxes, remuneration and social security | 45 | €9,375 | €1,816 | -€7,559 | -80.6% |
| Taxes | 450/3 | €9,375 | €1,816 | -€7,559 | -80.6% |
| Other amounts payable | 47/48 | €17,000 | - | -€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,375 | €11,098 | +€1,723 | +18.4% |
| Other operating charges | 640/8 | €594 | €666 | +€72 | +12.1% |
| Gross operating margin | 9900 | €27,805 | €35,465 | +€7,661 | +27.6% |
| Operating profit (loss) | 9901 | €17,835 | €23,701 | +€5,866 | +32.9% |
| Financial income | 75/76B | €2,229 | €2,372 | +€143 | +6.4% |
| Recurring financial income | 75 | €2,229 | €2,372 | +€143 | +6.4% |
| Financial charges | 65/66B | €1,492 | €1,796 | +€305 | +20.4% |
| Recurring financial charges | 65 | €1,492 | €1,796 | +€305 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €18,572 | €24,276 | +€5,704 | +30.7% |
| Income taxes | 67/77 | €3,890 | €5,291 | +€1,401 | +36.0% |
| Profit (loss) for the period | 9904 | €14,682 | €18,985 | +€4,303 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,682 | €18,985 | +€4,303 | +29.3% |
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 15 October 2026 via checked.be.