Welding Cherry Consulting: 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.
Welding Cherry Consulting
Largest movements
- Tangible fixed assets +€46,605
up €46,605 (+170%), from €27,428 to €74,033
of which Land and buildings: +€30,254
- Receivables within one year -€19,353
down €19,353 (-38.8%), from €49,815 to €30,462
of which Trade receivables: -€19,990
- Cash +€10,224
up €10,224 (+3,120%), from €328 to €10,552
mainly Net result for the year (+€42,273) and Receivables within one year (+€19,353)
- Financial fixed assets +€2,610
new in 2025: €2,610
- Deferred charges and accrued income -€2,244
no longer reported in 2025 (was €2,244)
- Profit (loss) carried forward +€42,273
up €42,273 (+141%), from €29,986 to €72,259
- Tax, wage and social debts -€6,228
down €6,228 (-68.2%), from €9,133 to €2,905
- Debts after one year +€2,663
new in 2025: €2,663
- Trade debts -€1,765
down €1,765 (-5.2%), from €34,113 to €32,348
- Current portion of long-term debt +€1,431
new in 2025: €1,431
- Gross operating margin +€24,601
up €24,601 (+57.3%), from €42,965 to €67,566
- Depreciation +€5,509
up €5,509 (+197%), from €2,796 to €8,304
- Taxes +€4,287
up €4,287 (+54.2%), from €7,901 to €12,188
- Other operating charges +€1,903
up €1,903 (+177%), from €1,073 to €2,976
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 | €79,814 | €117,657 | +€37,843 | +47.4% |
| Fixed assets | 21/28 | €27,428 | €76,643 | +€49,215 | +179% |
| Tangible fixed assets | 22/27 | €27,428 | €74,033 | +€46,605 | +170% |
| Land and buildings | 22 | €3,908 | €34,162 | +€30,254 | +774% |
| Plant, machinery and equipment | 23 | €13,582 | €27,378 | +€13,796 | +102% |
| Furniture and vehicles | 24 | €9,938 | €7,291 | -€2,646 | -26.6% |
| Other tangible fixed assets | 26 | - | €5,202 | +€5,202 | |
| Financial fixed assets | 28 | - | €2,610 | +€2,610 | |
| Current assets | 29/58 | €52,387 | €41,014 | -€11,373 | -21.7% |
| Amounts receivable within one year | 40/41 | €49,815 | €30,462 | -€19,353 | -38.8% |
| Trade receivables | 40 | €48,449 | €28,459 | -€19,990 | -41.3% |
| Other amounts receivable | 41 | €1,366 | €2,004 | +€637 | +46.6% |
| Cash at bank and in hand | 54/58 | €328 | €10,552 | +€10,224 | +3,120% |
| Deferred charges and accrued income | 490/1 | €2,244 | - | -€2,244 | |
| Total equity and liabilities | 10/49 | €79,814 | €117,657 | +€37,843 | +47.4% |
| Equity | 10/15 | €32,686 | €74,959 | +€42,273 | +129% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,986 | €72,259 | +€42,273 | +141% |
| Amounts payable | 17/49 | €47,128 | €42,698 | -€4,431 | -9.4% |
| Amounts payable after more than one year | 17 | - | €2,663 | +€2,663 | |
| Financial debts | 170/4 | - | €2,663 | +€2,663 | |
| Amounts payable within one year | 42/48 | €47,128 | €40,034 | -€7,094 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,431 | +€1,431 | |
| Trade debts | 44 | €34,113 | €32,348 | -€1,765 | -5.2% |
| Suppliers | 440/4 | €34,113 | €32,348 | -€1,765 | -5.2% |
| Advances received on contracts in progress | 46 | €1,200 | - | -€1,200 | |
| Taxes, remuneration and social security | 45 | €9,133 | €2,905 | -€6,228 | -68.2% |
| Taxes | 450/3 | €9,133 | €2,905 | -€6,228 | -68.2% |
| Other amounts payable | 47/48 | €2,682 | €3,350 | +€668 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,796 | €8,304 | +€5,509 | +197% |
| Other operating charges | 640/8 | €1,073 | €2,976 | +€1,903 | +177% |
| Non-recurring operating charges | 66A | - | €672 | +€672 | |
| Gross operating margin | 9900 | €42,965 | €67,566 | +€24,601 | +57.3% |
| Operating profit (loss) | 9901 | €39,097 | €55,614 | +€16,517 | +42.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,210 | €1,153 | -€57 | -4.7% |
| Recurring financial charges | 65 | €1,210 | €1,153 | -€57 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €37,888 | €54,461 | +€16,574 | +43.7% |
| Income taxes | 67/77 | €7,901 | €12,188 | +€4,287 | +54.2% |
| Profit (loss) for the period | 9904 | €29,986 | €42,273 | +€12,287 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,986 | €42,273 | +€12,287 | +41.0% |
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 17 October 2026 via checked.be.