ART-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.
ART-METAL
Largest movements
- Receivables within one year +€87,318
up €87,318 (+489%), from €17,846 to €105,164
of which Trade receivables: +€89,523
- Receivables after one year +€20,290
up €20,290 (+6.7%), from €301,467 to €321,757
- Advances received +€49,909
up €49,909 (+421%), from €11,868 to €61,776
- Trade debts +€37,138
up €37,138 (+52.1%), from €71,347 to €108,485
- Short-term financial debts +€13,251
up €13,251 (+204%), from €6,505 to €19,756
of which Credit institutions: +€19,756
- Reserves +€8,000
up €8,000 (+24.6%), from €32,559 to €40,559
of which Distributable reserves: +€8,000
- Staff costs -€31,056
down €31,056 (-31.8%), from €97,610 to €66,554
- Gross operating margin -€24,834
down €24,834 (-23.6%), from €105,154 to €80,320
- Taxes +€6,613
up €6,613 (+124%), from €5,314 to €11,927
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 | €356,134 | €465,211 | +€109,077 | +30.6% |
| Fixed assets | 21/28 | €29,373 | €27,510 | -€1,863 | -6.3% |
| Tangible fixed assets | 22/27 | €29,108 | €27,245 | -€1,863 | -6.4% |
| Land and buildings | 22 | €26,250 | €26,250 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,013 | €543 | -€1,469 | -73.0% |
| Furniture and vehicles | 24 | €845 | €452 | -€394 | -46.6% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €326,761 | €437,701 | +€110,940 | +34.0% |
| Amounts receivable after more than one year | 29 | €301,467 | €321,757 | +€20,290 | +6.7% |
| Other amounts receivable | 291 | €301,467 | €321,757 | +€20,290 | +6.7% |
| Amounts receivable within one year | 40/41 | €17,846 | €105,164 | +€87,318 | +489% |
| Trade receivables | 40 | €15,502 | €105,026 | +€89,523 | +577% |
| Other amounts receivable | 41 | €2,343 | €138 | -€2,205 | -94.1% |
| Cash at bank and in hand | 54/58 | - | €88 | +€88 | |
| Deferred charges and accrued income | 490/1 | €7,448 | €10,692 | +€3,244 | +43.5% |
| Total equity and liabilities | 10/49 | €356,134 | €465,211 | +€109,077 | +30.6% |
| Equity | 10/15 | €240,436 | €247,582 | +€7,146 | +3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €32,559 | €40,559 | +€8,000 | +24.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,800 | €15,800 | = | 0.0% |
| Distributable reserves | 133 | €14,900 | €22,900 | +€8,000 | +53.7% |
| Profit (loss) carried forward | 14 | €191,755 | €192,075 | +€320 | +0.2% |
| Investment grants | 15 | €3,722 | €2,548 | -€1,174 | -31.6% |
| Provisions and deferred taxes | 16 | €1,594 | €1,090 | -€503 | -31.6% |
| Deferred taxes | 168 | €1,594 | €1,090 | -€503 | -31.6% |
| Amounts payable | 17/49 | €114,104 | €216,539 | +€102,435 | +89.8% |
| Amounts payable within one year | 42/48 | €114,104 | €216,539 | +€102,435 | +89.8% |
| Financial debts | 43 | €6,505 | €19,756 | +€13,251 | +204% |
| Credit institutions | 430/8 | - | €19,756 | +€19,756 | |
| Other loans | 439 | €6,505 | - | -€6,505 | |
| Trade debts | 44 | €71,347 | €108,485 | +€37,138 | +52.1% |
| Suppliers | 440/4 | €71,347 | €108,485 | +€37,138 | +52.1% |
| Advances received on contracts in progress | 46 | €11,868 | €61,776 | +€49,909 | +421% |
| Taxes, remuneration and social security | 45 | €24,385 | €26,522 | +€2,137 | +8.8% |
| Taxes | 450/3 | €12,896 | €20,159 | +€7,263 | +56.3% |
| Remuneration and social security | 454/9 | €11,489 | €6,363 | -€5,126 | -44.6% |
| Remuneration, social security and pensions | 62 | €97,610 | €66,554 | -€31,056 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,161 | €1,863 | -€298 | -13.8% |
| Other operating charges | 640/8 | €6,461 | €7,437 | +€976 | +15.1% |
| Gross operating margin | 9900 | €105,154 | €80,320 | -€24,834 | -23.6% |
| Operating profit (loss) | 9901 | -€1,078 | €4,467 | +€5,545 | |
| Financial income | 75/76B | €20,441 | €20,061 | -€380 | -1.9% |
| Recurring financial income | 75 | €16,097 | €20,061 | +€3,963 | +24.6% |
| Non-recurring financial income | 76B | €4,343 | - | -€4,343 | |
| Financial charges | 65/66B | €4,626 | €4,784 | +€158 | +3.4% |
| Recurring financial charges | 65 | €4,626 | €4,784 | +€158 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €14,737 | €19,744 | +€5,007 | +34.0% |
| Transfer from deferred taxes | 780 | €503 | €503 | = | 0.0% |
| Income taxes | 67/77 | €5,314 | €11,927 | +€6,613 | +124% |
| Profit (loss) for the period | 9904 | €9,926 | €8,320 | -€1,606 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,926 | €8,320 | -€1,606 | -16.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.