BM 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.
BM Metaal
Largest movements
- Receivables within one year -€56,288
down €56,288 (-39.8%), from €141,297 to €85,010
of which Trade receivables: -€43,084
- Stocks and contracts -€33,790
down €33,790 (-14.9%), from €227,465 to €193,675
of which Contracts in progress: -€41,820
- Tangible fixed assets -€31,407
down €31,407 (-41.6%), from €75,447 to €44,039
- Trade debts -€54,114
down €54,114 (-67.2%), from €80,563 to €26,449
- Profit (loss) carried forward -€29,653
down €29,653 (-6.1%), from €487,214 to €457,561
- Tax, wage and social debts -€13,277
down €13,277 (-32.3%), from €41,146 to €27,869
of which Taxes: -€14,398
- Other debts -€11,237
down €11,237 (-11.1%), from €101,237 to €90,000
- Current portion of long-term debt -€8,827
no longer reported in 2025 (was €8,827)
- Gross operating margin -€30,621
down €30,621 (-9.9%), from €308,549 to €277,928
- Taxes -€11,609
down €11,609 (-39.6%), from €29,279 to €17,670
- Staff costs +€11,226
up €11,226 (+7.3%), from €153,436 to €164,662
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 | €825,553 | €708,446 | -€117,107 | -14.2% |
| Fixed assets | 21/28 | €75,780 | €44,373 | -€31,407 | -41.4% |
| Tangible fixed assets | 22/27 | €75,447 | €44,039 | -€31,407 | -41.6% |
| Plant, machinery and equipment | 23 | €33,969 | €24,876 | -€9,093 | -26.8% |
| Furniture and vehicles | 24 | €24,897 | €12,616 | -€12,281 | -49.3% |
| Leasing and similar rights | 25 | €13,357 | €3,703 | -€9,654 | -72.3% |
| Other tangible fixed assets | 26 | €3,223 | €2,844 | -€379 | -11.8% |
| Financial fixed assets | 28 | €333 | €333 | = | 0.0% |
| Current assets | 29/58 | €749,772 | €664,073 | -€85,700 | -11.4% |
| Stocks and contracts in progress | 3 | €227,465 | €193,675 | -€33,790 | -14.9% |
| Stocks | 30/36 | €180,814 | €188,843 | +€8,029 | +4.4% |
| Contracts in progress | 37 | €46,651 | €4,832 | -€41,820 | -89.6% |
| Amounts receivable within one year | 40/41 | €141,297 | €85,010 | -€56,288 | -39.8% |
| Trade receivables | 40 | €123,956 | €80,872 | -€43,084 | -34.8% |
| Other amounts receivable | 41 | €17,342 | €4,138 | -€13,204 | -76.1% |
| Cash at bank and in hand | 54/58 | €376,093 | €380,997 | +€4,904 | +1.3% |
| Deferred charges and accrued income | 490/1 | €4,917 | €4,391 | -€526 | -10.7% |
| Total equity and liabilities | 10/49 | €825,553 | €708,446 | -€117,107 | -14.2% |
| Equity | 10/15 | €590,339 | €560,686 | -€29,653 | -5.0% |
| Contributions | 10/11 | €93,750 | €93,750 | = | 0.0% |
| Reserves | 13 | €9,375 | €9,375 | = | 0.0% |
| Distributable reserves | 133 | €9,375 | €9,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €487,214 | €457,561 | -€29,653 | -6.1% |
| Amounts payable | 17/49 | €235,214 | €147,759 | -€87,454 | -37.2% |
| Amounts payable after more than one year | 17 | €3,441 | €3,441 | = | 0.0% |
| Financial debts | 170/4 | €3,441 | €3,441 | = | 0.0% |
| Amounts payable within one year | 42/48 | €231,772 | €144,318 | -€87,454 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €8,827 | - | -€8,827 | |
| Trade debts | 44 | €80,563 | €26,449 | -€54,114 | -67.2% |
| Suppliers | 440/4 | €80,563 | €26,449 | -€54,114 | -67.2% |
| Taxes, remuneration and social security | 45 | €41,146 | €27,869 | -€13,277 | -32.3% |
| Taxes | 450/3 | €30,998 | €16,599 | -€14,398 | -46.4% |
| Remuneration and social security | 454/9 | €10,148 | €11,270 | +€1,121 | +11.0% |
| Other amounts payable | 47/48 | €101,237 | €90,000 | -€11,237 | -11.1% |
| Remuneration, social security and pensions | 62 | €153,436 | €164,662 | +€11,226 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,209 | €31,407 | +€199 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,653 | +€1,653 | |
| Other operating charges | 640/8 | €1,831 | €2,054 | +€223 | +12.2% |
| Gross operating margin | 9900 | €308,549 | €277,928 | -€30,621 | -9.9% |
| Operating profit (loss) | 9901 | €122,073 | €78,151 | -€43,922 | -36.0% |
| Financial income | 75/76B | €1,479 | €826 | -€653 | -44.2% |
| Recurring financial income | 75 | €1,479 | €826 | -€653 | -44.2% |
| Financial charges | 65/66B | €531 | €959 | +€429 | +80.8% |
| Recurring financial charges | 65 | €531 | €959 | +€429 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | €123,021 | €78,017 | -€45,004 | -36.6% |
| Income taxes | 67/77 | €29,279 | €17,670 | -€11,609 | -39.6% |
| Profit (loss) for the period | 9904 | €93,742 | €60,347 | -€33,395 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,742 | €60,347 | -€33,395 | -35.6% |
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 14 October 2026 via checked.be.