ANWER METAAL: 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.
ANWER METAAL
Largest movements
- Stocks and contracts -€185,681
down €185,681 (-50.6%), from €366,620 to €180,939
- Receivables within one year -€107,112
down €107,112 (-30.0%), from €356,830 to €249,718
of which Trade receivables: -€105,399
- Cash +€88,874
up €88,874 (+24.1%), from €369,416 to €458,290
mainly Stocks and contracts (+€185,681) and Receivables within one year (+€107,112)
- Tangible fixed assets -€53,128
down €53,128 (-13.4%), from €396,293 to €343,165
of which Plant, machinery and equipment: -€29,214
- Trade debts -€91,243
down €91,243 (-43.6%), from €209,346 to €118,104
- Profit (loss) carried forward -€89,504
new in 2025: -€89,504
- Reserves -€42,105
down €42,105 (-2.4%), from €1.7m to €1.7m
of which Distributable reserves: -€42,105
- Debts after one year -€32,012
down €32,012 (-23.6%), from €135,401 to €103,389
- Gross operating margin -€2.9m
down €2.9m (-90.5%), from €3.2m to €303,399
- Taxes -€673,840
down €673,840 (-99.9%), from €674,616 to €776
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 | €2,421,026 | €2,144,183 | -€276,843 | -11.4% |
| Fixed assets | 21/28 | €396,293 | €345,165 | -€51,128 | -12.9% |
| Tangible fixed assets | 22/27 | €396,293 | €343,165 | -€53,128 | -13.4% |
| Land and buildings | 22 | €155,898 | €156,827 | +€929 | +0.6% |
| Plant, machinery and equipment | 23 | €175,239 | €146,026 | -€29,214 | -16.7% |
| Furniture and vehicles | 24 | €57,681 | €36,609 | -€21,073 | -36.5% |
| Other tangible fixed assets | 26 | €7,474 | €3,704 | -€3,771 | -50.4% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €2,024,732 | €1,799,018 | -€225,715 | -11.1% |
| Stocks and contracts in progress | 3 | €366,620 | €180,939 | -€185,681 | -50.6% |
| Stocks | 30/36 | €366,620 | €180,939 | -€185,681 | -50.6% |
| Amounts receivable within one year | 40/41 | €356,830 | €249,718 | -€107,112 | -30.0% |
| Trade receivables | 40 | €166,572 | €61,173 | -€105,399 | -63.3% |
| Other amounts receivable | 41 | €190,258 | €188,545 | -€1,713 | -0.9% |
| Current investments | 50/53 | €853,000 | €853,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €369,416 | €458,290 | +€88,874 | +24.1% |
| Deferred charges and accrued income | 490/1 | €78,867 | €57,071 | -€21,796 | -27.6% |
| Total equity and liabilities | 10/49 | €2,421,026 | €2,144,183 | -€276,843 | -11.4% |
| Equity | 10/15 | €1,935,268 | €1,803,658 | -€131,609 | -6.8% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €1,749,268 | €1,707,162 | -€42,105 | -2.4% |
| Non-distributable reserves | 130/1 | €853,000 | €853,000 | = | 0.0% |
| Own shares acquired | 1312 | €853,000 | €853,000 | = | 0.0% |
| Distributable reserves | 133 | €896,268 | €854,162 | -€42,105 | -4.7% |
| Profit (loss) carried forward | 14 | - | -€89,504 | -€89,504 | |
| Amounts payable | 17/49 | €485,758 | €340,525 | -€145,234 | -29.9% |
| Amounts payable after more than one year | 17 | €135,401 | €103,389 | -€32,012 | -23.6% |
| Financial debts | 170/4 | €135,401 | €103,389 | -€32,012 | -23.6% |
| Amounts payable within one year | 42/48 | €273,434 | €176,639 | -€96,795 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €43,203 | €32,012 | -€11,191 | -25.9% |
| Trade debts | 44 | €209,346 | €118,104 | -€91,243 | -43.6% |
| Suppliers | 440/4 | €209,346 | €118,104 | -€91,243 | -43.6% |
| Taxes, remuneration and social security | 45 | €17,840 | €23,263 | +€5,422 | +30.4% |
| Remuneration and social security | 454/9 | €17,840 | €23,263 | +€5,422 | +30.4% |
| Other amounts payable | 47/48 | €3,045 | €3,261 | +€216 | +7.1% |
| Accrued charges and deferred income | 492/3 | €76,923 | €60,496 | -€16,427 | -21.4% |
| Non-recurring operating income | 76A | €2,494,494 | - | -€2.5m | |
| Remuneration, social security and pensions | 62 | €271,018 | €277,356 | +€6,338 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,881 | €70,113 | -€11,768 | -14.4% |
| Other operating charges | 640/8 | €44,191 | €41,990 | -€2,201 | -5.0% |
| Gross operating margin | 9900 | €3,196,281 | €303,399 | -€2.9m | -90.5% |
| Operating profit (loss) | 9901 | €2,799,192 | -€86,060 | -€2.9m | |
| Financial income | 75/76B | €2,508 | €606 | -€1,902 | -75.8% |
| Recurring financial income | 75 | €2,508 | €606 | -€1,902 | -75.8% |
| Non-recurring financial income | 76B | - | €606 | +€606 | |
| Financial charges | 65/66B | €7,374 | €3,274 | -€4,100 | -55.6% |
| Recurring financial charges | 65 | €2,170 | €3,274 | +€1,105 | +50.9% |
| Non-recurring financial charges | 66B | €5,205 | - | -€5,205 | |
| Profit (loss) for the period before taxes | 9903 | €2,794,326 | -€88,728 | -€2.9m | |
| Income taxes | 67/77 | €674,616 | €776 | -€673,840 | -99.9% |
| Profit (loss) for the period | 9904 | €2,119,709 | -€89,504 | -€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,119,709 | -€89,504 | -€2.2m |
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 28 October 2026 via checked.be.