BASE METALS SERVICES: what changed
Two fiscal 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.
BASE METALS SERVICES
Largest movements
- Receivables within one year -€96,369
down €96,369 (-83.6%), from €115,258 to €18,890
of which Trade receivables: -€58,112
- Current investments -€47,557
down €47,557 (-100.0%), from €47,557 to €0
- Tangible fixed assets +€47,410
up €47,410 (+5.3%), from €900,503 to €947,913
of which Assets under construction and advance payments: +€68,698
- Debts after one year -€46,206
down €46,206 (-6.9%), from €666,286 to €620,080
- Reserves -€26,865
down €26,865 (-13.5%), from €199,282 to €172,417
- Trade debts -€23,163
down €23,163 (-47.7%), from €48,542 to €25,379
- Profit (loss) carried forward +€12,163
up €12,163, from -€12,163 to €0
- Tax, wage and social debts -€11,742
down €11,742 (-85.0%), from €13,819 to €2,077
of which Taxes: -€12,402
- Gross operating margin +€41,655
up €41,655 (+89.8%), from €46,410 to €88,065
- Taxes +€12,271
up €12,271 (+283.6%), from €4,326 to €16,597
- Financial income +€10,390
up €10,390 (+2925.4%), from €355 to €10,745
of which Financial income: +€10,724
- Other operating charges +€1,667
up €1,667 (+58.7%), from €2,841 to €4,508
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 | €1,095,203 | €990,793 | -€104,410 | -9.5% |
| Fixed assets | 21/28 | €901,031 | €948,441 | +€47,410 | +5.3% |
| Tangible fixed assets | 22/27 | €900,503 | €947,913 | +€47,410 | +5.3% |
| Land and buildings | 22 | €631,448 | €619,048 | -€12,399 | -2.0% |
| Plant, machinery and equipment | 23 | €2,141 | €1,919 | -€223 | -10.4% |
| Furniture and vehicles | 24 | €22,891 | €14,225 | -€8,665 | -37.9% |
| Other tangible fixed assets | 26 | €62,482 | €62,482 | = | 0.0% |
| Assets under construction and advance payments | 27 | €181,541 | €250,238 | +€68,698 | +37.8% |
| Financial fixed assets | 28 | €528 | €528 | = | 0.0% |
| Current assets | 29/58 | €194,172 | €42,352 | -€151,820 | -78.2% |
| Amounts receivable within one year | 40/41 | €115,258 | €18,890 | -€96,369 | -83.6% |
| Trade receivables | 40 | €66,742 | €8,631 | -€58,112 | -87.1% |
| Other amounts receivable | 41 | €48,516 | €10,259 | -€38,257 | -78.9% |
| Current investments | 50/53 | €47,557 | €0 | -€47,557 | -100.0% |
| Cash at bank and in hand | 54/58 | €28,194 | €19,738 | -€8,456 | -30.0% |
| Deferred charges and accrued income | 490/1 | €3,164 | €3,724 | +€561 | +17.7% |
| Total equity and liabilities | 10/49 | €1,095,203 | €990,793 | -€104,410 | -9.5% |
| Equity | 10/15 | €199,519 | €184,817 | -€14,702 | -7.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €199,282 | €172,417 | -€26,865 | -13.5% |
| Distributable reserves | 133 | €199,282 | €172,417 | -€26,865 | -13.5% |
| Profit (loss) carried forward | 14 | -€12,163 | €0 | +€12,163 | |
| Amounts payable | 17/49 | €895,684 | €805,976 | -€89,708 | -10.0% |
| Amounts payable after more than one year | 17 | €666,286 | €620,080 | -€46,206 | -6.9% |
| Financial debts | 170/4 | €666,286 | €620,080 | -€46,206 | -6.9% |
| Amounts payable within one year | 42/48 | €228,398 | €185,895 | -€42,503 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €45,044 | €46,206 | +€1,162 | +2.6% |
| Financial debts | 43 | €5,604 | €8,004 | +€2,400 | +42.8% |
| Credit institutions | 430/8 | €5,604 | €8,004 | +€2,400 | +42.8% |
| Trade debts | 44 | €48,542 | €25,379 | -€23,163 | -47.7% |
| Suppliers | 440/4 | €48,542 | €25,379 | -€23,163 | -47.7% |
| Taxes, remuneration and social security | 45 | €13,819 | €2,077 | -€11,742 | -85.0% |
| Taxes | 450/3 | €13,819 | €1,417 | -€12,402 | -89.7% |
| Remuneration and social security | 454/9 | - | €660 | +€660 | |
| Other amounts payable | 47/48 | €115,389 | €104,230 | -€11,159 | -9.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,882 | €22,561 | -€321 | -1.4% |
| Other operating charges | 640/8 | €2,841 | €4,508 | +€1,667 | +58.7% |
| Gross operating margin | 9900 | €46,410 | €88,065 | +€41,655 | +89.8% |
| Operating profit (loss) | 9901 | €20,687 | €60,996 | +€40,309 | +194.8% |
| Financial income | 75/76B | €355 | €10,745 | +€10,390 | +2925.4% |
| Recurring financial income | 75 | €21 | €10,745 | +€10,724 | +51560.0% |
| Non-recurring financial income | 76B | €334 | €0 | -€334 | -100.0% |
| Financial charges | 65/66B | €31,128 | €31,952 | +€823 | +2.6% |
| Recurring financial charges | 65 | €31,128 | €31,952 | +€823 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,086 | €39,790 | +€49,876 | |
| Income taxes | 67/77 | €4,326 | €16,597 | +€12,271 | +283.6% |
| Profit (loss) for the period | 9904 | -€14,412 | €23,193 | +€37,605 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,412 | €23,193 | +€37,605 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.