WELDOE: what changed
Two fiscal 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.
WELDOE
Largest movements
- Receivables within one year -€12,514
down €12,514 (-22.7%), from €55,129 to €42,615
of which Trade receivables: -€13,466
- Stocks and contracts +€7,100
new in 2025: €7,100
- Cash -€6,992
down €6,992 (-24.5%), from €28,518 to €21,526
mainly Trade debts (-€8,941) and Net result for the year (-€7,149)
- Tangible fixed assets -€6,116
down €6,116 (-23.1%), from €26,466 to €20,349
of which Furniture and vehicles: -€5,678
- Trade debts -€8,941
down €8,941 (-28.9%), from €30,890 to €21,949
- Profit (loss) carried forward -€7,149
down €7,149 (-23.2%), from €30,874 to €23,725
- Tax, wage and social debts -€2,501
down €2,501 (-90.2%), from €2,771 to €270
- Gross operating margin -€23,469
down €23,469 (-82.6%), from €28,405 to €4,936
- Taxes -€6,745
down €6,745, from €6,704 to -€41
- Financial charges +€3,198
up €3,198 (+878.5%), from €364 to €3,562
- Depreciation +€2,895
up €2,895 (+89.9%), from €3,221 to €6,116
- Other operating charges -€365
down €365 (-10.4%), from €3,498 to €3,133
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,181 | €91,591 | -€18,590 | -16.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €26,466 | €20,349 | -€6,116 | -23.1% |
| Tangible fixed assets | 22/27 | €26,466 | €20,349 | -€6,116 | -23.1% |
| Plant, machinery and equipment | 23 | €1,987 | €1,549 | -€438 | -22.0% |
| Furniture and vehicles | 24 | €24,479 | €18,801 | -€5,678 | -23.2% |
| Current assets | 29/58 | €83,715 | €71,241 | -€12,474 | -14.9% |
| Stocks and contracts in progress | 3 | - | €7,100 | +€7,100 | |
| Stocks | 30/36 | - | €7,100 | +€7,100 | |
| Amounts receivable within one year | 40/41 | €55,129 | €42,615 | -€12,514 | -22.7% |
| Trade receivables | 40 | €13,466 | - | -€13,466 | |
| Other amounts receivable | 41 | €41,663 | €42,615 | +€952 | +2.3% |
| Cash at bank and in hand | 54/58 | €28,518 | €21,526 | -€6,992 | -24.5% |
| Deferred charges and accrued income | 490/1 | €68 | - | -€68 | |
| Total equity and liabilities | 10/49 | €110,181 | €91,591 | -€18,590 | -16.9% |
| Equity | 10/15 | €75,270 | €68,125 | -€7,145 | -9.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,396 | €39,400 | +€4 | 0.0% |
| Distributable reserves | 133 | €39,396 | €39,400 | +€4 | 0.0% |
| Profit (loss) carried forward | 14 | €30,874 | €23,725 | -€7,149 | -23.2% |
| Amounts payable | 17/49 | €34,911 | €23,465 | -€11,445 | -32.8% |
| Amounts payable within one year | 42/48 | €34,911 | €23,465 | -€11,445 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €1,250 | €1,246 | -€4 | -0.3% |
| Trade debts | 44 | €30,890 | €21,949 | -€8,941 | -28.9% |
| Suppliers | 440/4 | €30,890 | €21,949 | -€8,941 | -28.9% |
| Taxes, remuneration and social security | 45 | €2,771 | €270 | -€2,501 | -90.2% |
| Taxes | 450/3 | €2,771 | €270 | -€2,501 | -90.2% |
| Remuneration, social security and pensions | 62 | €1,512 | €1,848 | +€336 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,221 | €6,116 | +€2,895 | +89.9% |
| Other operating charges | 640/8 | €3,498 | €3,133 | -€365 | -10.4% |
| Gross operating margin | 9900 | €28,405 | €4,936 | -€23,469 | -82.6% |
| Operating profit (loss) | 9901 | €20,173 | -€6,161 | -€26,334 | |
| Financial income | 75/76B | €2,457 | €2,533 | +€75 | +3.1% |
| Recurring financial income | 75 | €2,457 | €2,533 | +€75 | +3.1% |
| Financial charges | 65/66B | €364 | €3,562 | +€3,198 | +878.5% |
| Recurring financial charges | 65 | €364 | €3,562 | +€3,198 | +878.5% |
| Profit (loss) for the period before taxes | 9903 | €22,266 | -€7,190 | -€29,456 | |
| Income taxes | 67/77 | €6,704 | -€41 | -€6,745 | |
| Profit (loss) for the period | 9904 | €15,562 | -€7,149 | -€22,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,562 | -€7,149 | -€22,711 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.