WELDCON: 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.
WELDCON
Largest movements
- Receivables within one year +€34,589
up €34,589 (+24.6%), from €140,503 to €175,092
of which Other amounts receivable: +€22,427
- Cash -€19,657
down €19,657 (-83.9%), from €23,428 to €3,771
mainly Receivables within one year (-€34,589) and Short-term financial debts (-€11,643)
- Tangible fixed assets -€7,671
down €7,671 (-35.9%), from €21,384 to €13,712
of which Furniture and vehicles: -€3,950
- Reserves +€25,180
up €25,180 (+18.8%), from €133,651 to €158,831
of which Distributable reserves: +€25,180
- Short-term financial debts -€11,643
down €11,643 (-55.8%), from €20,864 to €9,221
- Trade debts +€6,448
up €6,448 (+29.2%), from €22,084 to €28,532
- Tax, wage and social debts -€4,631
down €4,631 (-13.0%), from €35,723 to €31,093
- Debts after one year -€4,525
down €4,525 (-71.8%), from €6,306 to €1,781
- Gross operating margin -€14,281
down €14,281 (-22.4%), from €63,681 to €49,400
- Taxes -€3,796
down €3,796 (-23.4%), from €16,214 to €12,418
- Financial charges +€2,349
up €2,349 (+66.4%), from €3,536 to €5,884
- Depreciation -€2,084
down €2,084 (-22.4%), from €9,286 to €7,202
- Other operating charges +€1,765
up €1,765 (+79.6%), from €2,218 to €3,983
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 | €248,155 | €256,286 | +€8,132 | +3.3% |
| Fixed assets | 21/28 | €21,384 | €13,712 | -€7,671 | -35.9% |
| Tangible fixed assets | 22/27 | €21,384 | €13,712 | -€7,671 | -35.9% |
| Land and buildings | 22 | €6,143 | €5,693 | -€450 | -7.3% |
| Plant, machinery and equipment | 23 | €9,824 | €6,552 | -€3,272 | -33.3% |
| Furniture and vehicles | 24 | €5,417 | €1,467 | -€3,950 | -72.9% |
| Current assets | 29/58 | €226,771 | €242,574 | +€15,803 | +7.0% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,185 | €3,501 | -€685 | -16.4% |
| Stocks | 30/36 | €4,185 | €3,501 | -€685 | -16.4% |
| Amounts receivable within one year | 40/41 | €140,503 | €175,092 | +€34,589 | +24.6% |
| Trade receivables | 40 | €76,671 | €88,833 | +€12,162 | +15.9% |
| Other amounts receivable | 41 | €63,831 | €86,258 | +€22,427 | +35.1% |
| Cash at bank and in hand | 54/58 | €23,428 | €3,771 | -€19,657 | -83.9% |
| Deferred charges and accrued income | 490/1 | €3,655 | €5,211 | +€1,556 | +42.6% |
| Total equity and liabilities | 10/49 | €248,155 | €256,286 | +€8,132 | +3.3% |
| Equity | 10/15 | €152,251 | €177,431 | +€25,180 | +16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,651 | €158,831 | +€25,180 | +18.8% |
| Tax-exempt reserves | 132 | €13,451 | €13,451 | = | 0.0% |
| Distributable reserves | 133 | €120,200 | €145,380 | +€25,180 | +20.9% |
| Amounts payable | 17/49 | €95,904 | €78,856 | -€17,048 | -17.8% |
| Amounts payable after more than one year | 17 | €6,306 | €1,781 | -€4,525 | -71.8% |
| Financial debts | 170/4 | €6,306 | €1,781 | -€4,525 | -71.8% |
| Amounts payable within one year | 42/48 | €89,597 | €77,074 | -€12,523 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €10,926 | €8,229 | -€2,698 | -24.7% |
| Financial debts | 43 | €20,864 | €9,221 | -€11,643 | -55.8% |
| Credit institutions | 430/8 | €20,864 | €9,221 | -€11,643 | -55.8% |
| Trade debts | 44 | €22,084 | €28,532 | +€6,448 | +29.2% |
| Suppliers | 440/4 | €22,084 | €28,532 | +€6,448 | +29.2% |
| Taxes, remuneration and social security | 45 | €35,723 | €31,093 | -€4,631 | -13.0% |
| Taxes | 450/3 | €35,723 | €31,093 | -€4,631 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,286 | €7,202 | -€2,084 | -22.4% |
| Other operating charges | 640/8 | €2,218 | €3,983 | +€1,765 | +79.6% |
| Gross operating margin | 9900 | €63,681 | €49,400 | -€14,281 | -22.4% |
| Operating profit (loss) | 9901 | €52,177 | €38,216 | -€13,961 | -26.8% |
| Financial income | 75/76B | €3,656 | €5,266 | +€1,610 | +44.0% |
| Recurring financial income | 75 | €3,656 | €5,266 | +€1,610 | +44.0% |
| Financial charges | 65/66B | €3,536 | €5,884 | +€2,349 | +66.4% |
| Recurring financial charges | 65 | €3,536 | €5,884 | +€2,349 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €52,297 | €37,597 | -€14,700 | -28.1% |
| Income taxes | 67/77 | €16,214 | €12,418 | -€3,796 | -23.4% |
| Profit (loss) for the period | 9904 | €36,083 | €25,180 | -€10,903 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,083 | €25,180 | -€10,903 | -30.2% |
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 18 October 2026 via checked.be.