AL METALS: 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.
AL METALS
Largest movements
- Tangible fixed assets +€159,928
up €159,928 (+27.9%), from €573,889 to €733,816
of which Leasing and similar rights: +€152,649
- Stocks and contracts +€55,800
up €55,800 (+123.2%), from €45,284 to €101,084
- Cash +€30,678
up €30,678 (+23.5%), from €130,322 to €161,000
mainly Trade debts (+€94,850) and Depreciation (+€84,306)
- Receivables within one year +€23,110
up €23,110 (+16.5%), from €140,320 to €163,429
of which Trade receivables: +€17,977
- Trade debts +€94,850
up €94,850 (+67.9%), from €139,660 to €234,510
- Current portion of long-term debt +€59,437
up €59,437 (+60.9%), from €97,647 to €157,084
- Debts after one year +€40,641
up €40,641 (+12.2%), from €331,831 to €372,472
- Profit (loss) carried forward +€31,376
up €31,376 (+162.4%), from €19,315 to €50,691
- Short-term financial debts +€25,000
new in 2025: €25,000
- Gross operating margin +€205,344
up €205,344 (+72.3%), from €284,015 to €489,359
- Staff costs +€150,272
up €150,272 (+83.9%), from €179,117 to €329,389
- Depreciation +€35,062
up €35,062 (+71.2%), from €49,244 to €84,306
- Other operating charges +€5,912
up €5,912 (+669.0%), from €884 to €6,796
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 | €915,922 | €1,181,663 | +€265,741 | +29.0% |
| Fixed assets | 21/28 | €598,698 | €755,067 | +€156,369 | +26.1% |
| Intangible fixed assets | 21 | €24,809 | €21,251 | -€3,558 | -14.3% |
| Tangible fixed assets | 22/27 | €573,889 | €733,816 | +€159,928 | +27.9% |
| Plant, machinery and equipment | 23 | €56,925 | €64,204 | +€7,279 | +12.8% |
| Leasing and similar rights | 25 | €516,963 | €669,612 | +€152,649 | +29.5% |
| Current assets | 29/58 | €317,225 | €426,596 | +€109,372 | +34.5% |
| Stocks and contracts in progress | 3 | €45,284 | €101,084 | +€55,800 | +123.2% |
| Stocks | 30/36 | €45,284 | €101,084 | +€55,800 | +123.2% |
| Amounts receivable within one year | 40/41 | €140,320 | €163,429 | +€23,110 | +16.5% |
| Trade receivables | 40 | €109,116 | €127,093 | +€17,977 | +16.5% |
| Other amounts receivable | 41 | €31,203 | €36,336 | +€5,133 | +16.5% |
| Cash at bank and in hand | 54/58 | €130,322 | €161,000 | +€30,678 | +23.5% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,083 | -€217 | -16.7% |
| Total equity and liabilities | 10/49 | €915,922 | €1,181,663 | +€265,741 | +29.0% |
| Equity | 10/15 | €119,315 | €150,691 | +€31,376 | +26.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,315 | €50,691 | +€31,376 | +162.4% |
| Amounts payable | 17/49 | €796,607 | €1,030,972 | +€234,365 | +29.4% |
| Amounts payable after more than one year | 17 | €331,831 | €372,472 | +€40,641 | +12.2% |
| Financial debts | 170/4 | €331,831 | €372,472 | +€40,641 | +12.2% |
| Amounts payable within one year | 42/48 | €464,777 | €658,500 | +€193,724 | +41.7% |
| Current portion of amounts payable after more than one year | 42 | €97,647 | €157,084 | +€59,437 | +60.9% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Other loans | 439 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €139,660 | €234,510 | +€94,850 | +67.9% |
| Suppliers | 440/4 | €139,660 | €234,510 | +€94,850 | +67.9% |
| Taxes, remuneration and social security | 45 | €42,469 | €66,906 | +€24,437 | +57.5% |
| Taxes | 450/3 | €12,605 | €17,242 | +€4,637 | +36.8% |
| Remuneration and social security | 454/9 | €29,864 | €49,664 | +€19,800 | +66.3% |
| Other amounts payable | 47/48 | €185,000 | €175,000 | -€10,000 | -5.4% |
| Remuneration, social security and pensions | 62 | €179,117 | €329,389 | +€150,272 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,244 | €84,306 | +€35,062 | +71.2% |
| Other operating charges | 640/8 | €884 | €6,796 | +€5,912 | +669.0% |
| Gross operating margin | 9900 | €284,015 | €489,359 | +€205,344 | +72.3% |
| Operating profit (loss) | 9901 | €54,771 | €68,869 | +€14,098 | +25.7% |
| Financial income | 75/76B | €4 | €4,569 | +€4,565 | +109999.0% |
| Recurring financial income | 75 | €4 | €4,569 | +€4,565 | +109999.0% |
| Financial charges | 65/66B | €27,395 | €30,068 | +€2,673 | +9.8% |
| Recurring financial charges | 65 | €27,395 | €30,068 | +€2,673 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €27,380 | €43,370 | +€15,990 | +58.4% |
| Income taxes | 67/77 | €8,065 | €11,994 | +€3,929 | +48.7% |
| Profit (loss) for the period | 9904 | €19,315 | €31,376 | +€12,061 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,315 | €31,376 | +€12,061 | +62.4% |
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 12 October 2026 via checked.be.