AERTS METALEN: what changed
AERTS METALEN
Largest movements
- Cash -€146,595
down €146,595 (-54.1%), from €271,217 to €124,622
mainly Short-term financial debts (-€203,919) and Investment in fixed assets (net) (-€30,939)
- Stocks and contracts -€55,151
down €55,151 (-12.7%), from €435,582 to €380,431
- Tangible fixed assets +€23,801
up €23,801 (+217%), from €10,982 to €34,783
- Receivables within one year +€19,398
up €19,398 (+19.2%), from €101,294 to €120,692
of which Other amounts receivable: +€15,860
- Deferred charges and accrued income +€11,219
up €11,219 (+57.2%), from €19,627 to €30,846
- Short-term financial debts -€203,919
down €203,919 (-62.4%), from €326,955 to €123,036
- Reserves +€35,346
up €35,346 (+13.3%), from €265,768 to €301,114
of which Distributable reserves: +€35,346
- Debts after one year +€34,993
up €34,993 (+292%), from €11,981 to €46,974
- Trade debts -€18,787
down €18,787 (-24.0%), from €78,419 to €59,632
- Tax, wage and social debts +€15,202
up €15,202 (+35.9%), from €42,316 to €57,518
of which Remuneration and social security: +€10,747
- Gross operating margin +€9,543
up €9,543 (+3.5%), from €275,382 to €284,925
- Financial charges -€6,830
down €6,830 (-29.0%), from €23,569 to €16,739
- Staff costs +€4,946
up €4,946 (+2.4%), from €207,724 to €212,670
- Taxes +€4,460
up €4,460 (+41.9%), from €10,641 to €15,101
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €839,981 | €692,653 | -€147,328 | -17.5% |
| Fixed assets | 21/28 | €12,261 | €36,062 | +€23,801 | +194% |
| Tangible fixed assets | 22/27 | €10,982 | €34,783 | +€23,801 | +217% |
| Plant, machinery and equipment | 23 | €10,982 | €34,783 | +€23,801 | +217% |
| Financial fixed assets | 28 | €1,279 | €1,279 | = | 0.0% |
| Current assets | 29/58 | €827,720 | €656,591 | -€171,129 | -20.7% |
| Stocks and contracts in progress | 3 | €435,582 | €380,431 | -€55,151 | -12.7% |
| Stocks | 30/36 | €435,582 | €380,431 | -€55,151 | -12.7% |
| Amounts receivable within one year | 40/41 | €101,294 | €120,692 | +€19,398 | +19.2% |
| Trade receivables | 40 | €81,148 | €84,686 | +€3,538 | +4.4% |
| Other amounts receivable | 41 | €20,146 | €36,006 | +€15,860 | +78.7% |
| Cash at bank and in hand | 54/58 | €271,217 | €124,622 | -€146,595 | -54.1% |
| Deferred charges and accrued income | 490/1 | €19,627 | €30,846 | +€11,219 | +57.2% |
| Total equity and liabilities | 10/49 | €839,981 | €692,653 | -€147,328 | -17.5% |
| Equity | 10/15 | €364,925 | €400,271 | +€35,346 | +9.7% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €265,768 | €301,114 | +€35,346 | +13.3% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €255,852 | €291,198 | +€35,346 | +13.8% |
| Amounts payable | 17/49 | €475,056 | €292,382 | -€182,674 | -38.5% |
| Amounts payable after more than one year | 17 | €11,981 | €46,974 | +€34,993 | +292% |
| Financial debts | 170/4 | €11,981 | €46,974 | +€34,993 | +292% |
| Amounts payable within one year | 42/48 | €463,075 | €245,408 | -€217,667 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €12,879 | €2,716 | -€10,163 | -78.9% |
| Financial debts | 43 | €326,955 | €123,036 | -€203,919 | -62.4% |
| Credit institutions | 430/8 | €326,955 | €123,036 | -€203,919 | -62.4% |
| Trade debts | 44 | €78,419 | €59,632 | -€18,787 | -24.0% |
| Suppliers | 440/4 | €78,419 | €59,632 | -€18,787 | -24.0% |
| Taxes, remuneration and social security | 45 | €42,316 | €57,518 | +€15,202 | +35.9% |
| Taxes | 450/3 | €10,640 | €15,095 | +€4,455 | +41.9% |
| Remuneration and social security | 454/9 | €31,676 | €42,423 | +€10,747 | +33.9% |
| Other amounts payable | 47/48 | €2,506 | €2,506 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €207,724 | €212,670 | +€4,946 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,248 | €7,138 | -€1,110 | -13.5% |
| Other operating charges | 640/8 | €2,660 | €1,817 | -€843 | -31.7% |
| Gross operating margin | 9900 | €275,382 | €284,925 | +€9,543 | +3.5% |
| Operating profit (loss) | 9901 | €56,750 | €63,300 | +€6,550 | +11.5% |
| Financial income | 75/76B | €1,358 | €3,886 | +€2,528 | +186% |
| Recurring financial income | 75 | €1,358 | €3,886 | +€2,528 | +186% |
| Financial charges | 65/66B | €23,569 | €16,739 | -€6,830 | -29.0% |
| Recurring financial charges | 65 | €23,569 | €16,739 | -€6,830 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €34,539 | €50,447 | +€15,908 | +46.1% |
| Income taxes | 67/77 | €10,641 | €15,101 | +€4,460 | +41.9% |
| Profit (loss) for the period | 9904 | €23,898 | €35,346 | +€11,448 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,898 | €35,346 | +€11,448 | +47.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.