ABS METAL: 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.
ABS METAL
Largest movements
- Receivables within one year -€68,503
down €68,503 (-61.3%), from €111,784 to €43,281
of which Other amounts receivable: -€44,095
- Cash -€61,582
down €61,582 (-31.4%), from €196,243 to €134,660
mainly Contributions, distributions and other (-€51,554) and Stocks and contracts (-€41,010)
- Stocks and contracts +€41,010
up €41,010 (+104%), from €39,448 to €80,458
of which Contracts in progress: +€31,000
- Tangible fixed assets -€36,751
down €36,751 (-11.1%), from €329,798 to €293,047
of which Assets under construction and advance payments: -€63,894
- Reserves -€61,614
down €61,614 (-17.0%), from €361,547 to €299,933
of which Distributable reserves: -€61,614
- Tax, wage and social debts -€34,073
down €34,073 (-66.8%), from €51,018 to €16,944
of which Taxes: -€20,631
- Debts after one year -€25,462
down €25,462 (-12.0%), from €212,668 to €187,206
- Gross operating margin -€134,721
down €134,721 (-49.1%), from €274,160 to €139,439
- Staff costs -€39,288
down €39,288 (-33.4%), from €117,496 to €78,208
- Taxes -€20,482
down €20,482 (-98.3%), from €20,839 to €357
- Other operating charges -€4,758
down €4,758 (-53.2%), from €8,936 to €4,178
- Depreciation +€3,270
up €3,270 (+5.7%), from €57,167 to €60,436
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 | €693,219 | €562,392 | -€130,827 | -18.9% |
| Fixed assets | 21/28 | €345,744 | €303,993 | -€41,751 | -12.1% |
| Intangible fixed assets | 21 | €11,233 | €6,233 | -€5,000 | -44.5% |
| Tangible fixed assets | 22/27 | €329,798 | €293,047 | -€36,751 | -11.1% |
| Land and buildings | 22 | €153,838 | €224,196 | +€70,358 | +45.7% |
| Plant, machinery and equipment | 23 | €47,547 | €26,381 | -€21,167 | -44.5% |
| Furniture and vehicles | 24 | €52,207 | €33,580 | -€18,627 | -35.7% |
| Other tangible fixed assets | 26 | €12,312 | €8,891 | -€3,421 | -27.8% |
| Assets under construction and advance payments | 27 | €63,894 | €0 | -€63,894 | -100% |
| Financial fixed assets | 28 | €4,713 | €4,713 | = | 0.0% |
| Current assets | 29/58 | €347,475 | €258,399 | -€89,076 | -25.6% |
| Stocks and contracts in progress | 3 | €39,448 | €80,458 | +€41,010 | +104% |
| Stocks | 30/36 | €39,448 | €49,458 | +€10,010 | +25.4% |
| Contracts in progress | 37 | - | €31,000 | +€31,000 | |
| Amounts receivable within one year | 40/41 | €111,784 | €43,281 | -€68,503 | -61.3% |
| Trade receivables | 40 | €47,131 | €22,722 | -€24,408 | -51.8% |
| Other amounts receivable | 41 | €64,653 | €20,558 | -€44,095 | -68.2% |
| Cash at bank and in hand | 54/58 | €196,243 | €134,660 | -€61,582 | -31.4% |
| Total equity and liabilities | 10/49 | €693,219 | €562,392 | -€130,827 | -18.9% |
| Equity | 10/15 | €386,363 | €323,195 | -€63,168 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €361,547 | €299,933 | -€61,614 | -17.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €359,687 | €298,073 | -€61,614 | -17.1% |
| Investment grants | 15 | €6,216 | €4,662 | -€1,554 | -25.0% |
| Amounts payable | 17/49 | €306,856 | €239,197 | -€67,659 | -22.0% |
| Amounts payable after more than one year | 17 | €212,668 | €187,206 | -€25,462 | -12.0% |
| Financial debts | 170/4 | €212,668 | €187,206 | -€25,462 | -12.0% |
| Amounts payable within one year | 42/48 | €94,188 | €51,991 | -€42,197 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €36,589 | €31,748 | -€4,841 | -13.2% |
| Trade debts | 44 | €6,582 | €3,299 | -€3,283 | -49.9% |
| Suppliers | 440/4 | €6,582 | €3,299 | -€3,283 | -49.9% |
| Taxes, remuneration and social security | 45 | €51,018 | €16,944 | -€34,073 | -66.8% |
| Taxes | 450/3 | €25,651 | €5,020 | -€20,631 | -80.4% |
| Remuneration and social security | 454/9 | €25,366 | €11,924 | -€13,442 | -53.0% |
| Remuneration, social security and pensions | 62 | €117,496 | €78,208 | -€39,288 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,167 | €60,436 | +€3,270 | +5.7% |
| Other operating charges | 640/8 | €8,936 | €4,178 | -€4,758 | -53.2% |
| Non-recurring operating charges | 66A | €12,791 | - | -€12,791 | |
| Gross operating margin | 9900 | €274,160 | €139,439 | -€134,721 | -49.1% |
| Operating profit (loss) | 9901 | €77,770 | -€3,383 | -€81,153 | |
| Financial income | 75/76B | €1,558 | €1,554 | -€4 | -0.2% |
| Recurring financial income | 75 | €1,558 | €1,554 | -€4 | -0.2% |
| Financial charges | 65/66B | €10,255 | €9,428 | -€827 | -8.1% |
| Recurring financial charges | 65 | €10,255 | €9,428 | -€827 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €69,073 | -€11,257 | -€80,330 | |
| Income taxes | 67/77 | €20,839 | €357 | -€20,482 | -98.3% |
| Profit (loss) for the period | 9904 | €48,235 | -€11,614 | -€59,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,235 | -€11,614 | -€59,849 |
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 22 October 2026 via checked.be.