WELDING CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€43,869
up €43,869 (+58.1%), from €75,496 to €119,365
of which Trade receivables: +€28,049
- Cash +€38,567
up €38,567 (+331%), from €11,657 to €50,223
mainly Net result for the year (+€85,633) and Tax, wage and social debts (+€18,833)
- Tangible fixed assets -€4,708
down €4,708 (-51.2%), from €9,192 to €4,484
of which Furniture and vehicles: -€5,151
- Reserves +€85,633
up €85,633 (+1,533%), from €5,585 to €91,218
- Other debts -€37,500
no longer reported in 2025 (was €37,500)
- Tax, wage and social debts +€18,833
up €18,833 (+123%), from €15,346 to €34,179
- Trade debts +€17,053
up €17,053 (+129%), from €13,182 to €30,235
- Accrued charges and deferred income -€5,206
down €5,206 (-19.7%), from €26,419 to €21,213
- Gross operating margin +€128,810
up €128,810 (+301%), from €42,756 to €171,566
- Staff costs +€46,244
new in 2025: €46,244
- Taxes +€21,074
up €21,074 (+232%), from €9,076 to €30,150
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 | €98,032 | €176,845 | +€78,813 | +80.4% |
| Fixed assets | 21/28 | €9,283 | €4,575 | -€4,708 | -50.7% |
| Tangible fixed assets | 22/27 | €9,192 | €4,484 | -€4,708 | -51.2% |
| Plant, machinery and equipment | 23 | €195 | €639 | +€444 | +227% |
| Furniture and vehicles | 24 | €8,997 | €3,845 | -€5,151 | -57.3% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €88,749 | €172,270 | +€83,521 | +94.1% |
| Amounts receivable within one year | 40/41 | €75,496 | €119,365 | +€43,869 | +58.1% |
| Trade receivables | 40 | €44,123 | €72,172 | +€28,049 | +63.6% |
| Other amounts receivable | 41 | €31,373 | €47,192 | +€15,820 | +50.4% |
| Cash at bank and in hand | 54/58 | €11,657 | €50,223 | +€38,567 | +331% |
| Deferred charges and accrued income | 490/1 | €1,597 | €2,682 | +€1,085 | +68.0% |
| Total equity and liabilities | 10/49 | €98,032 | €176,845 | +€78,813 | +80.4% |
| Equity | 10/15 | €5,585 | €91,218 | +€85,633 | +1,533% |
| Reserves | 13 | €5,585 | €91,218 | +€85,633 | +1,533% |
| Non-distributable reserves | 130/1 | €5,585 | €91,218 | +€85,633 | +1,533% |
| Reserves not available under the articles | 1311 | €5,585 | €91,218 | +€85,633 | +1,533% |
| Amounts payable | 17/49 | €92,447 | €85,627 | -€6,820 | -7.4% |
| Amounts payable within one year | 42/48 | €66,027 | €64,413 | -€1,614 | -2.4% |
| Trade debts | 44 | €13,182 | €30,235 | +€17,053 | +129% |
| Suppliers | 440/4 | €13,182 | €30,235 | +€17,053 | +129% |
| Taxes, remuneration and social security | 45 | €15,346 | €34,179 | +€18,833 | +123% |
| Taxes | 450/3 | €15,346 | €34,179 | +€18,833 | +123% |
| Other amounts payable | 47/48 | €37,500 | - | -€37,500 | |
| Accrued charges and deferred income | 492/3 | €26,419 | €21,213 | -€5,206 | -19.7% |
| Remuneration, social security and pensions | 62 | - | €46,244 | +€46,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,539 | €8,039 | +€501 | +6.6% |
| Other operating charges | 640/8 | €2,852 | €2,457 | -€396 | -13.9% |
| Non-recurring operating charges | 66A | - | €595 | +€595 | |
| Gross operating margin | 9900 | €42,756 | €171,566 | +€128,810 | +301% |
| Operating profit (loss) | 9901 | €32,365 | €114,231 | +€81,866 | +253% |
| Financial income | 75/76B | €820 | €1,840 | +€1,020 | +124% |
| Recurring financial income | 75 | €820 | €1,840 | +€1,020 | +124% |
| Financial charges | 65/66B | €676 | €287 | -€389 | -57.6% |
| Recurring financial charges | 65 | €676 | €287 | -€389 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €32,509 | €115,784 | +€83,275 | +256% |
| Income taxes | 67/77 | €9,076 | €30,150 | +€21,074 | +232% |
| Profit (loss) for the period | 9904 | €23,433 | €85,633 | +€62,201 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €23,433 | €85,633 | +€62,201 | +265% |
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 26 October 2026 via checked.be.