Weldon: 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.
Weldon
Largest movements
- Tangible fixed assets +€197,472
up €197,472 (+839.7%), from €23,516 to €220,988
of which Land and buildings: +€198,882
- Receivables within one year -€37,143
down €37,143 (-51.7%), from €71,832 to €34,689
of which Trade receivables: -€34,863
- Stocks and contracts -€30,476
down €30,476 (-96.3%), from €31,636 to €1,160
- Cash +€14,925
up €14,925 (+78.8%), from €18,931 to €33,856
mainly Debts after one year (+€172,215) and Receivables within one year (+€37,143)
- Current investments +€4,031
up €4,031 (+20.2%), from €20,004 to €24,035
- Debts after one year +€172,215
new in 2025: €172,215
- Trade debts -€25,946
down €25,946 (-80.2%), from €32,340 to €6,394
- Reserves -€13,138
down €13,138 (-10.4%), from €126,110 to €112,972
- Current portion of long-term debt +€8,389
up €8,389 (+552.0%), from €1,520 to €9,908
- Other debts +€7,090
up €7,090, from €0 to €7,090
- Gross operating margin -€17,723
down €17,723 (-30.0%), from €59,127 to €41,404
- Depreciation +€9,019
up €9,019 (+226.0%), from €3,991 to €13,010
- Other operating charges -€8,644
down €8,644 (-85.0%), from €10,163 to €1,520
- Taxes -€7,313
down €7,313 (-55.0%), from €13,304 to €5,991
- Financial charges +€6,518
up €6,518 (+313.1%), from €2,082 to €8,599
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 | €168,649 | €317,315 | +€148,667 | +88.2% |
| Fixed assets | 21/28 | €23,516 | €220,988 | +€197,472 | +839.7% |
| Tangible fixed assets | 22/27 | €23,516 | €220,988 | +€197,472 | +839.7% |
| Land and buildings | 22 | €3,666 | €202,548 | +€198,882 | +5424.6% |
| Plant, machinery and equipment | 23 | €14,148 | €12,049 | -€2,100 | -14.8% |
| Furniture and vehicles | 24 | €5,702 | €6,391 | +€690 | +12.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €145,133 | €96,327 | -€48,805 | -33.6% |
| Stocks and contracts in progress | 3 | €31,636 | €1,160 | -€30,476 | -96.3% |
| Contracts in progress | 37 | €31,636 | €1,160 | -€30,476 | -96.3% |
| Amounts receivable within one year | 40/41 | €71,832 | €34,689 | -€37,143 | -51.7% |
| Trade receivables | 40 | €61,801 | €26,938 | -€34,863 | -56.4% |
| Other amounts receivable | 41 | €10,030 | €7,750 | -€2,280 | -22.7% |
| Current investments | 50/53 | €20,004 | €24,035 | +€4,031 | +20.2% |
| Cash at bank and in hand | 54/58 | €18,931 | €33,856 | +€14,925 | +78.8% |
| Deferred charges and accrued income | 490/1 | €2,730 | €2,588 | -€142 | -5.2% |
| Total equity and liabilities | 10/49 | €168,649 | €317,315 | +€148,667 | +88.2% |
| Equity | 10/15 | €134,675 | €121,537 | -€13,138 | -9.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €126,110 | €112,972 | -€13,138 | -10.4% |
| Distributable reserves | 133 | €126,110 | €112,972 | -€13,138 | -10.4% |
| Profit (loss) carried forward | 14 | €2,065 | €2,065 | = | 0.0% |
| Amounts payable | 17/49 | €33,974 | €195,779 | +€161,805 | +476.3% |
| Amounts payable after more than one year | 17 | - | €172,215 | +€172,215 | |
| Financial debts | 170/4 | - | €172,215 | +€172,215 | |
| Amounts payable within one year | 42/48 | €33,974 | €23,564 | -€10,410 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €1,520 | €9,908 | +€8,389 | +552.0% |
| Trade debts | 44 | €32,340 | €6,394 | -€25,946 | -80.2% |
| Suppliers | 440/4 | €32,340 | €6,394 | -€25,946 | -80.2% |
| Advances received on contracts in progress | 46 | €0 | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €114 | €122 | +€8 | +7.0% |
| Taxes | 450/3 | €114 | €122 | +€8 | +7.0% |
| Other amounts payable | 47/48 | €0 | €7,090 | +€7,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,991 | €13,010 | +€9,019 | +226.0% |
| Other operating charges | 640/8 | €10,163 | €1,520 | -€8,644 | -85.0% |
| Gross operating margin | 9900 | €59,127 | €41,404 | -€17,723 | -30.0% |
| Operating profit (loss) | 9901 | €44,973 | €26,874 | -€18,098 | -40.2% |
| Financial income | 75/76B | €188 | €164 | -€24 | -12.7% |
| Recurring financial income | 75 | €188 | €164 | -€24 | -12.7% |
| Financial charges | 65/66B | €2,082 | €8,599 | +€6,518 | +313.1% |
| Recurring financial charges | 65 | €2,082 | €8,599 | +€6,518 | +313.1% |
| Profit (loss) for the period before taxes | 9903 | €43,079 | €18,439 | -€24,640 | -57.2% |
| Income taxes | 67/77 | €13,304 | €5,991 | -€7,313 | -55.0% |
| Profit (loss) for the period | 9904 | €29,775 | €12,448 | -€17,327 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,775 | €12,448 | -€17,327 | -58.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.