BW-METALRECUP: what changed
BW-METALRECUP
Largest movements
- Cash +€5,596
up €5,596 (+258%), from €2,170 to €7,766
mainly Receivables within one year (+€5,475) and Other debts (+€946)
- Receivables within one year -€5,475
down €5,475 (-81.8%), from €6,696 to €1,221
of which Trade receivables: -€4,474
- Deferred charges and accrued income +€703
new in 2025: €703
- Other debts +€946
up €946 (+100%), from €944 to €1,890
- Trade debts -€628
down €628 (-6.4%), from €9,883 to €9,255
- Profit (loss) carried forward +€507
up €507 (+7.1%), from -€7,177 to -€6,671
- Gross operating margin +€13,927
up €13,927, from -€6,550 to €7,376
- Write-downs +€5,614
new in 2025: €5,614
- Financial charges -€834
down €834 (-85.1%), from €980 to €146
- Other operating charges +€487
up €487 (+78.3%), from €622 to €1,109
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,710 | €15,534 | +€825 | +5.6% |
| Fixed assets | 21/28 | €5,844 | €5,844 | = | 0.0% |
| Financial fixed assets | 28 | €5,844 | €5,844 | = | 0.0% |
| Current assets | 29/58 | €8,866 | €9,690 | +€825 | +9.3% |
| Amounts receivable within one year | 40/41 | €6,696 | €1,221 | -€5,475 | -81.8% |
| Trade receivables | 40 | €5,614 | €1,140 | -€4,474 | -79.7% |
| Other amounts receivable | 41 | €1,082 | €80 | -€1,001 | -92.6% |
| Cash at bank and in hand | 54/58 | €2,170 | €7,766 | +€5,596 | +258% |
| Deferred charges and accrued income | 490/1 | - | €703 | +€703 | |
| Total equity and liabilities | 10/49 | €14,710 | €15,534 | +€825 | +5.6% |
| Equity | 10/15 | €3,883 | €4,389 | +€507 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,860 | €4,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,177 | -€6,671 | +€507 | +7.1% |
| Amounts payable | 17/49 | €10,827 | €11,145 | +€318 | +2.9% |
| Amounts payable within one year | 42/48 | €10,827 | €11,145 | +€318 | +2.9% |
| Trade debts | 44 | €9,883 | €9,255 | -€628 | -6.4% |
| Suppliers | 440/4 | €9,883 | €9,255 | -€628 | -6.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €944 | €1,890 | +€946 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,614 | +€5,614 | |
| Other operating charges | 640/8 | €622 | €1,109 | +€487 | +78.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€6,550 | €7,376 | +€13,927 | |
| Operating profit (loss) | 9901 | -€7,172 | €653 | +€7,825 | |
| Financial charges | 65/66B | €980 | €146 | -€834 | -85.1% |
| Recurring financial charges | 65 | €980 | €146 | -€834 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,152 | €507 | +€8,659 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,152 | €507 | +€8,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,152 | €507 | +€8,659 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.