Welda: 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.
What changed
Welda
NACE 46.620, Wholesale of machine tools
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€460,708
2024 · €321,418+€139,289
Equity
€4.2m
2024 · €4.0m+€190,708
Cash
€1.0m
2024 · €753,986+€250,615
Balance sheet total
€7.4m
2024 · €7.0m+€385,554
Largest movements
Assets
- Stocks and contracts +€311,058
up €311,058 (+15.2%), from €2.0m to €2.4m
- Tangible fixed assets -€292,654
down €292,654 (-14.9%), from €2.0m to €1.7m
of which Land and buildings: -€198,675
- Cash +€250,615
up €250,615 (+33.2%), from €753,986 to €1.0m
mainly Net result for the year (+€460,708) and Depreciation (+€315,833)
- Receivables after one year +€160,763
up €160,763 (+42.1%), from €381,458 to €542,221
of which Other amounts receivable: +€150,000
- Receivables within one year -€93,940
down €93,940 (-5.3%), from €1.8m to €1.7m
of which Trade receivables: -€87,336
Equity and liabilities
- Trade debts +€214,885
up €214,885 (+25.5%), from €842,150 to €1.1m
- Reserves +€190,708
up €190,708 (+5.1%), from €3.7m to €3.9m
of which Distributable reserves: +€190,708
- Advances received -€155,718
down €155,718 (-80.5%), from €193,400 to €37,681
- Tax, wage and social debts +€152,598
up €152,598 (+48.3%), from €316,031 to €468,629
of which Taxes: +€106,364
Income statement
- Gross operating margin +€380,042
up €380,042 (+16.8%), from €2.3m to €2.6m
- Staff costs +€199,399
up €199,399 (+13.3%), from €1.5m to €1.7m
- Taxes +€39,634
up €39,634 (+72.9%), from €54,340 to €93,974
- Depreciation +€34,508
up €34,508 (+12.3%), from €281,324 to €315,833
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.
Result 2024
€321,418
Gross operating margin
+€380,042
Staff costs
-€199,399
Depreciation
-€34,508
Write-downs
+€3,287
Provisions
+€932
Other operating charges
-€21,177
Other operating items
+€41,976
Financial income
+€4,551
Financial charges
+€3,220
Taxes
-€39,634
Result 2025
€460,708
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.
From operations
+€559,270
Investment
-€23,179
Financing
-€285,476
Cash 2024
€753,986
From operations (derived)
+€559,270
Net result for the year
+€460,708
Depreciation
+€315,833
Receivables after one year
-€160,763
Stocks and contracts
-€311,058
Receivables within one year
+€93,940
Deferred charges and accrued income
-€49,710
Provisions
+€1,132
Trade debts
+€214,885
Tax, wage and social debts
+€152,598
Advances received
-€155,718
Other debts
+€13,966
Accrued charges and deferred income
-€16,541
Investment (derived)
-€23,179
Investment in fixed assets (net)
-€23,179
Financing
-€285,476
Current portion of long-term debt
-€15,476
Contributions, distributions and other
-€270,000
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,967,456 | €7,353,010 | +€385,554 | +5.5% |
| Fixed assets | 21/28 | €1,964,756 | €1,672,102 | -€292,654 | -14.9% |
| Tangible fixed assets | 22/27 | €1,958,444 | €1,665,790 | -€292,654 | -14.9% |
| Land and buildings | 22 | €1,512,572 | €1,313,897 | -€198,675 | -13.1% |
| Plant, machinery and equipment | 23 | €13,141 | €9,125 | -€4,016 | -30.6% |
| Furniture and vehicles | 24 | €432,731 | €342,769 | -€89,962 | -20.8% |
| Financial fixed assets | 28 | €6,312 | €6,312 | = | 0.0% |
| Current assets | 29/58 | €5,002,700 | €5,680,908 | +€678,208 | +13.6% |
| Amounts receivable after more than one year | 29 | €381,458 | €542,221 | +€160,763 | +42.1% |
| Trade receivables | 290 | €81,458 | €92,221 | +€10,763 | +13.2% |
| Other amounts receivable | 291 | €300,000 | €450,000 | +€150,000 | +50.0% |
| Stocks and contracts in progress | 3 | €2,046,797 | €2,357,855 | +€311,058 | +15.2% |
| Stocks | 30/36 | €2,046,797 | €2,357,855 | +€311,058 | +15.2% |
| Amounts receivable within one year | 40/41 | €1,762,265 | €1,668,325 | -€93,940 | -5.3% |
| Trade receivables | 40 | €1,753,729 | €1,666,394 | -€87,336 | -5.0% |
| Other amounts receivable | 41 | €8,536 | €1,931 | -€6,604 | -77.4% |
| Cash at bank and in hand | 54/58 | €753,986 | €1,004,601 | +€250,615 | +33.2% |
| Deferred charges and accrued income | 490/1 | €58,195 | €107,905 | +€49,710 | +85.4% |
| Total equity and liabilities | 10/49 | €6,967,456 | €7,353,010 | +€385,554 | +5.5% |
| Equity | 10/15 | €3,971,074 | €4,161,782 | +€190,708 | +4.8% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €3,723,181 | €3,913,888 | +€190,708 | +5.1% |
| Non-distributable reserves | 130/1 | €95,118 | €95,118 | = | 0.0% |
| Legal reserve | 130 | €70,760 | €70,760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,358 | €24,358 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,081 | €68,081 | = | 0.0% |
| Distributable reserves | 133 | €3,559,982 | €3,750,690 | +€190,708 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €30,494 | €31,626 | +€1,132 | +3.7% |
| Provisions for liabilities and charges | 160/5 | €30,494 | €31,626 | +€1,132 | +3.7% |
| Other liabilities and charges | 164/5 | €30,494 | €31,626 | +€1,132 | +3.7% |
| Amounts payable | 17/49 | €2,965,888 | €3,159,602 | +€193,714 | +6.5% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,307,347 | €2,517,602 | +€210,255 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €15,476 | €0 | -€15,476 | -100.0% |
| Trade debts | 44 | €842,150 | €1,057,035 | +€214,885 | +25.5% |
| Suppliers | 440/4 | €842,150 | €1,057,035 | +€214,885 | +25.5% |
| Advances received on contracts in progress | 46 | €193,400 | €37,681 | -€155,718 | -80.5% |
| Taxes, remuneration and social security | 45 | €316,031 | €468,629 | +€152,598 | +48.3% |
| Taxes | 450/3 | €136,305 | €242,669 | +€106,364 | +78.0% |
| Remuneration and social security | 454/9 | €179,726 | €225,960 | +€46,234 | +25.7% |
| Other amounts payable | 47/48 | €940,290 | €954,256 | +€13,966 | +1.5% |
| Accrued charges and deferred income | 492/3 | €58,541 | €42,000 | -€16,541 | -28.3% |
| Non-recurring operating income | 76A | €63,013 | €110,021 | +€47,008 | +74.6% |
| Remuneration, social security and pensions | 62 | €1,502,943 | €1,702,343 | +€199,399 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281,324 | €315,833 | +€34,508 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,551 | €1,264 | -€3,287 | -72.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,064 | €1,132 | -€932 | -45.1% |
| Other operating charges | 640/8 | €67,304 | €88,481 | +€21,177 | +31.5% |
| Non-recurring operating charges | 66A | €41,976 | €0 | -€41,976 | -100.0% |
| Gross operating margin | 9900 | €2,263,515 | €2,643,556 | +€380,042 | +16.8% |
| Operating profit (loss) | 9901 | €363,352 | €534,504 | +€171,152 | +47.1% |
| Financial income | 75/76B | €70,430 | €74,981 | +€4,551 | +6.5% |
| Recurring financial income | 75 | €70,430 | €74,981 | +€4,551 | +6.5% |
| Financial charges | 65/66B | €58,024 | €54,804 | -€3,220 | -5.6% |
| Recurring financial charges | 65 | €58,024 | €54,804 | -€3,220 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €375,758 | €554,681 | +€178,923 | +47.6% |
| Income taxes | 67/77 | €54,340 | €93,974 | +€39,634 | +72.9% |
| Profit (loss) for the period | 9904 | €321,418 | €460,708 | +€139,289 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €321,418 | €460,708 | +€139,289 | +43.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.