B-WELDING: 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.
B-WELDING
Largest movements
- Stocks and contracts +€51,133
up €51,133 (+49.2%), from €104,019 to €155,152
- Tangible fixed assets -€34,105
down €34,105 (-5.9%), from €575,754 to €541,649
of which Leasing and similar rights: -€42,621
- Cash -€11,037
down €11,037 (-9.5%), from €116,227 to €105,189
mainly Contributions, distributions and other (-€71,500) and Stocks and contracts (-€51,133)
- Reserves -€67,366
down €67,366 (-33.3%), from €202,090 to €134,724
- Debts after one year +€63,309
up €63,309 (+39.6%), from €159,998 to €223,307
- Accrued charges and deferred income +€33,941
up €33,941 (+2,639%), from €1,286 to €35,227
- Current portion of long-term debt -€26,783
no longer reported in 2024 (was €26,783)
- Tax, wage and social debts +€14,000
up €14,000 (+169%), from €8,298 to €22,298
of which Taxes: +€12,340
- Gross operating margin -€45,509
down €45,509 (-29.2%), from €155,977 to €110,468
- Staff costs -€34,793
down €34,793 (-91.1%), from €38,206 to €3,413
- Depreciation -€32,532
down €32,532 (-37.0%), from €87,848 to €55,316
- Financial charges -€17,937
down €17,937 (-95.3%), from €18,813 to €876
- Financial income -€4,245
down €4,245 (-73.5%), from €5,776 to €1,532
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €942,624 | €957,912 | +€15,287 | +1.6% |
| Fixed assets | 21/28 | €581,544 | €547,439 | -€34,105 | -5.9% |
| Tangible fixed assets | 22/27 | €575,754 | €541,649 | -€34,105 | -5.9% |
| Land and buildings | 22 | €507,021 | €487,325 | -€19,695 | -3.9% |
| Plant, machinery and equipment | 23 | €7,679 | €5,409 | -€2,270 | -29.6% |
| Furniture and vehicles | 24 | €18,434 | €48,915 | +€30,481 | +165% |
| Leasing and similar rights | 25 | €42,621 | - | -€42,621 | |
| Financial fixed assets | 28 | €5,790 | €5,790 | = | 0.0% |
| Current assets | 29/58 | €361,080 | €410,473 | +€49,392 | +13.7% |
| Stocks and contracts in progress | 3 | €104,019 | €155,152 | +€51,133 | +49.2% |
| Stocks | 30/36 | €104,019 | €155,152 | +€51,133 | +49.2% |
| Amounts receivable within one year | 40/41 | €140,213 | €149,400 | +€9,187 | +6.6% |
| Trade receivables | 40 | €14,453 | €85,044 | +€70,591 | +488% |
| Other amounts receivable | 41 | €125,760 | €64,357 | -€61,404 | -48.8% |
| Cash at bank and in hand | 54/58 | €116,227 | €105,189 | -€11,037 | -9.5% |
| Deferred charges and accrued income | 490/1 | €622 | €732 | +€110 | +17.6% |
| Total equity and liabilities | 10/49 | €942,624 | €957,912 | +€15,287 | +1.6% |
| Equity | 10/15 | €220,690 | €153,324 | -€67,366 | -30.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,090 | €134,724 | -€67,366 | -33.3% |
| Distributable reserves | 133 | €202,090 | €134,724 | -€67,366 | -33.3% |
| Amounts payable | 17/49 | €721,934 | €804,587 | +€82,653 | +11.4% |
| Amounts payable after more than one year | 17 | €159,998 | €223,307 | +€63,309 | +39.6% |
| Other amounts payable | 178/9 | €159,998 | €223,307 | +€63,309 | +39.6% |
| Amounts payable within one year | 42/48 | €560,650 | €546,053 | -€14,597 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €26,783 | - | -€26,783 | |
| Trade debts | 44 | €443,682 | €452,255 | +€8,573 | +1.9% |
| Suppliers | 440/4 | €443,682 | €452,255 | +€8,573 | +1.9% |
| Taxes, remuneration and social security | 45 | €8,298 | €22,298 | +€14,000 | +169% |
| Taxes | 450/3 | €6,671 | €19,011 | +€12,340 | +185% |
| Remuneration and social security | 454/9 | €1,627 | €3,287 | +€1,660 | +102% |
| Other amounts payable | 47/48 | €81,887 | €71,500 | -€10,387 | -12.7% |
| Accrued charges and deferred income | 492/3 | €1,286 | €35,227 | +€33,941 | +2,639% |
| Remuneration, social security and pensions | 62 | €38,206 | €3,413 | -€34,793 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,848 | €55,316 | -€32,532 | -37.0% |
| Other operating charges | 640/8 | €9,817 | €13,893 | +€4,076 | +41.5% |
| Non-recurring operating charges | 66A | - | €33,567 | +€33,567 | |
| Gross operating margin | 9900 | €155,977 | €110,468 | -€45,509 | -29.2% |
| Operating profit (loss) | 9901 | €20,106 | €4,280 | -€15,826 | -78.7% |
| Financial income | 75/76B | €5,776 | €1,532 | -€4,245 | -73.5% |
| Recurring financial income | 75 | €5,776 | €1,532 | -€4,245 | -73.5% |
| Financial charges | 65/66B | €18,813 | €876 | -€17,937 | -95.3% |
| Recurring financial charges | 65 | €18,813 | €876 | -€17,937 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €7,069 | €4,936 | -€2,134 | -30.2% |
| Income taxes | 67/77 | €1,723 | €802 | -€921 | -53.5% |
| Profit (loss) for the period | 9904 | €5,347 | €4,134 | -€1,213 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,347 | €4,134 | -€1,213 | -22.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.