WELDESIGN: 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
WELDESIGN
NACE 71.209, Other technical testing and analysis
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€78,060
2024 · €81,642-€3,582
Equity
€125,162
2024 · €186,479-€61,318
Cash
€55,094
2024 · €54,425+€669
Balance sheet total
€383,602
2024 · €359,815+€23,788
Largest movements
Assets
- Tangible fixed assets +€30,232
up €30,232 (+11.7%), from €258,276 to €288,508
of which Assets under construction and advance payments: +€30,737
- Receivables within one year -€5,789
down €5,789 (-14.8%), from €39,142 to €33,353
of which Trade receivables: -€7,755
Equity and liabilities
- Other debts +€82,690
up €82,690 (+2121.8%), from €3,897 to €86,587
- Profit (loss) carried forward -€61,318
down €61,318 (-36.9%), from €166,019 to €104,702
- Debts after one year +€8,609
up €8,609 (+7.2%), from €120,326 to €128,935
- Tax, wage and social debts -€8,003
down €8,003 (-34.6%), from €23,119 to €15,116
Income statement
- Financial charges +€2,799
up €2,799 (+34.0%), from €8,237 to €11,037
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
€81,642
Gross operating margin
+€3
Staff costs
-€158
Depreciation
-€254
Other operating charges
-€533
Financial income
+€250
Financial charges
-€2,799
Taxes
-€90
Result 2025
€78,060
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
+€162,147
Investment
-€32,181
Financing
-€129,296
Cash 2024
€54,425
From operations (derived)
+€162,147
Net result for the year
+€78,060
Depreciation
+€1,949
Receivables within one year
+€5,789
Deferred charges and accrued income
+€1,325
Trade debts
-€1,217
Tax, wage and social debts
-€8,003
Other debts
+€82,690
Accrued charges and deferred income
+€1,555
Investment (derived)
-€32,181
Investment in fixed assets (net)
-€32,181
Financing
-€129,296
Debts after one year
+€8,609
Current portion of long-term debt
+€419
Short-term financial debts
+€1,053
Contributions, distributions and other
-€139,378
Cash 2025
€55,094
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,815 | €383,602 | +€23,788 | +6.6% |
| Fixed assets | 21/28 | €258,356 | €288,588 | +€30,232 | +11.7% |
| Tangible fixed assets | 22/27 | €258,276 | €288,508 | +€30,232 | +11.7% |
| Land and buildings | 22 | €13,200 | €13,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,355 | €2,024 | -€331 | -14.0% |
| Furniture and vehicles | 24 | €4,470 | €4,297 | -€173 | -3.9% |
| Assets under construction and advance payments | 27 | €238,250 | €268,987 | +€30,737 | +12.9% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €101,459 | €95,014 | -€6,445 | -6.4% |
| Amounts receivable within one year | 40/41 | €39,142 | €33,353 | -€5,789 | -14.8% |
| Trade receivables | 40 | €38,368 | €30,613 | -€7,755 | -20.2% |
| Other amounts receivable | 41 | €774 | €2,740 | +€1,966 | +253.9% |
| Cash at bank and in hand | 54/58 | €54,425 | €55,094 | +€669 | +1.2% |
| Deferred charges and accrued income | 490/1 | €7,892 | €6,567 | -€1,325 | -16.8% |
| Total equity and liabilities | 10/49 | €359,815 | €383,602 | +€23,788 | +6.6% |
| Equity | 10/15 | €186,479 | €125,162 | -€61,318 | -32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,019 | €104,702 | -€61,318 | -36.9% |
| Amounts payable | 17/49 | €173,335 | €258,440 | +€85,105 | +49.1% |
| Amounts payable after more than one year | 17 | €120,326 | €128,935 | +€8,609 | +7.2% |
| Financial debts | 170/4 | €120,326 | €128,935 | +€8,609 | +7.2% |
| Amounts payable within one year | 42/48 | €52,604 | €127,545 | +€74,941 | +142.5% |
| Current portion of amounts payable after more than one year | 42 | €16,994 | €17,413 | +€419 | +2.5% |
| Financial debts | 43 | €714 | €1,767 | +€1,053 | +147.5% |
| Credit institutions | 430/8 | €714 | €1,767 | +€1,053 | +147.5% |
| Trade debts | 44 | €7,879 | €6,662 | -€1,217 | -15.4% |
| Suppliers | 440/4 | €7,879 | €6,662 | -€1,217 | -15.4% |
| Taxes, remuneration and social security | 45 | €23,119 | €15,116 | -€8,003 | -34.6% |
| Taxes | 450/3 | €23,119 | €15,116 | -€8,003 | -34.6% |
| Other amounts payable | 47/48 | €3,897 | €86,587 | +€82,690 | +2121.8% |
| Accrued charges and deferred income | 492/3 | €406 | €1,961 | +€1,555 | +382.9% |
| Non-recurring operating income | 76A | €5,965 | €0 | -€5,965 | -100.0% |
| Remuneration, social security and pensions | 62 | -€158 | €0 | +€158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,694 | €1,949 | +€254 | +15.0% |
| Other operating charges | 640/8 | €1,817 | €2,350 | +€533 | +29.3% |
| Gross operating margin | 9900 | €116,652 | €116,655 | +€3 | 0.0% |
| Operating profit (loss) | 9901 | €113,299 | €112,356 | -€943 | -0.8% |
| Financial income | 75/76B | €3 | €253 | +€250 | +7368.7% |
| Recurring financial income | 75 | €3 | €253 | +€250 | +7368.7% |
| Financial charges | 65/66B | €8,237 | €11,037 | +€2,799 | +34.0% |
| Recurring financial charges | 65 | €8,237 | €11,037 | +€2,799 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €105,065 | €101,573 | -€3,492 | -3.3% |
| Income taxes | 67/77 | €23,423 | €23,513 | +€90 | +0.4% |
| Profit (loss) for the period | 9904 | €81,642 | €78,060 | -€3,582 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,642 | €78,060 | -€3,582 | -4.4% |
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 12 October 2026 via checked.be.