Welders I.B.: what changed
Welders I.B.
Largest movements
- Receivables within one year +€45,253
up €45,253 (+1,488%), from €3,042 to €48,294
of which Trade receivables: +€38,940
- Tangible fixed assets -€42,689
down €42,689 (-33.1%), from €128,805 to €86,116
of which Furniture and vehicles: -€40,776
- Stocks and contracts -€24,323
no longer reported in 2025 (was €24,323)
- Cash -€13,761
down €13,761 (-45.2%), from €30,449 to €16,688
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€45,253)
- Deferred charges and accrued income +€2,813
up €2,813 (+248%), from €1,133 to €3,946
- Other debts +€59,973
up €59,973 (+219,680%), from €27 to €60,000
- Profit (loss) carried forward -€38,134
down €38,134 (-57.8%), from €65,964 to €27,830
- Trade debts -€28,289
down €28,289 (-72.2%), from €39,200 to €10,911
- Current portion of long-term debt -€19,167
down €19,167 (-56.2%), from €34,092 to €14,924
- Debts after one year -€14,924
down €14,924 (-44.8%), from €33,291 to €18,367
- Gross operating margin +€76,681
up €76,681 (+71.2%), from €107,693 to €184,374
- Staff costs +€56,847
up €56,847 (+163%), from €34,971 to €91,818
- Taxes +€9,983
up €9,983 (+6,293%), from €159 to €10,142
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,301 | €158,594 | -€32,707 | -17.1% |
| Fixed assets | 21/28 | €132,355 | €89,666 | -€42,689 | -32.3% |
| Tangible fixed assets | 22/27 | €128,805 | €86,116 | -€42,689 | -33.1% |
| Plant, machinery and equipment | 23 | €3,725 | €2,075 | -€1,650 | -44.3% |
| Furniture and vehicles | 24 | €122,581 | €81,805 | -€40,776 | -33.3% |
| Other tangible fixed assets | 26 | €2,499 | €2,236 | -€263 | -10.5% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €58,946 | €68,928 | +€9,982 | +16.9% |
| Stocks and contracts in progress | 3 | €24,323 | - | -€24,323 | |
| Contracts in progress | 37 | €24,323 | - | -€24,323 | |
| Amounts receivable within one year | 40/41 | €3,042 | €48,294 | +€45,253 | +1,488% |
| Trade receivables | 40 | - | €38,940 | +€38,940 | |
| Other amounts receivable | 41 | €3,042 | €9,354 | +€6,313 | +208% |
| Cash at bank and in hand | 54/58 | €30,449 | €16,688 | -€13,761 | -45.2% |
| Deferred charges and accrued income | 490/1 | €1,133 | €3,946 | +€2,813 | +248% |
| Total equity and liabilities | 10/49 | €191,301 | €158,594 | -€32,707 | -17.1% |
| Equity | 10/15 | €70,964 | €32,830 | -€38,134 | -53.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,964 | €27,830 | -€38,134 | -57.8% |
| Amounts payable | 17/49 | €120,337 | €125,764 | +€5,427 | +4.5% |
| Amounts payable after more than one year | 17 | €33,291 | €18,367 | -€14,924 | -44.8% |
| Financial debts | 170/4 | €33,291 | €18,367 | -€14,924 | -44.8% |
| Amounts payable within one year | 42/48 | €84,796 | €105,147 | +€20,351 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €34,092 | €14,924 | -€19,167 | -56.2% |
| Trade debts | 44 | €39,200 | €10,911 | -€28,289 | -72.2% |
| Suppliers | 440/4 | €39,200 | €10,911 | -€28,289 | -72.2% |
| Taxes, remuneration and social security | 45 | €11,477 | €19,312 | +€7,835 | +68.3% |
| Taxes | 450/3 | €1,433 | €10,671 | +€9,238 | +645% |
| Remuneration and social security | 454/9 | €10,044 | €8,641 | -€1,403 | -14.0% |
| Other amounts payable | 47/48 | €27 | €60,000 | +€59,973 | +219,680% |
| Accrued charges and deferred income | 492/3 | €2,250 | €2,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €34,971 | €91,818 | +€56,847 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,972 | €52,189 | -€783 | -1.5% |
| Other operating charges | 640/8 | €5,552 | €5,151 | -€401 | -7.2% |
| Gross operating margin | 9900 | €107,693 | €184,374 | +€76,681 | +71.2% |
| Operating profit (loss) | 9901 | €14,198 | €35,217 | +€21,019 | +148% |
| Financial income | 75/76B | €12 | €103 | +€91 | +734% |
| Recurring financial income | 75 | €12 | €103 | +€91 | +734% |
| Financial charges | 65/66B | €4,536 | €3,312 | -€1,224 | -27.0% |
| Recurring financial charges | 65 | €3,400 | €3,312 | -€88 | -2.6% |
| Non-recurring financial charges | 66B | €1,137 | - | -€1,137 | |
| Profit (loss) for the period before taxes | 9903 | €9,674 | €32,008 | +€22,334 | +231% |
| Income taxes | 67/77 | €159 | €10,142 | +€9,983 | +6,293% |
| Profit (loss) for the period | 9904 | €9,515 | €21,866 | +€12,351 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €9,515 | €21,866 | +€12,351 | +130% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.