C-METALS: 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.
C-METALS
Largest movements
- Cash -€190,152
down €190,152 (-70.3%), from €270,404 to €80,252
mainly Investment in fixed assets (net) (-€193,129) and Advances received (-€145,017)
- Tangible fixed assets +€99,017
up €99,017 (+13.1%), from €758,458 to €857,475
of which Plant, machinery and equipment: +€169,623
- Receivables within one year -€47,079
down €47,079 (-14.6%), from €322,792 to €275,712
of which Trade receivables: -€49,845
- Stocks and contracts -€25,872
down €25,872 (-5.1%), from €505,194 to €479,322
- Advances received -€145,017
down €145,017 (-100.0%), from €145,017 to €0
- Trade debts -€120,273
down €120,273 (-19.7%), from €611,493 to €491,220
- Other debts +€97,370
up €97,370 (+46.7%), from €208,652 to €306,022
- Reserves +€40,000
up €40,000 (+13.8%), from €290,714 to €330,714
of which Distributable reserves: +€40,000
- Gross operating margin +€58,970
up €58,970 (+11.7%), from €505,399 to €564,369
- Depreciation +€18,860
up €18,860 (+25.1%), from €75,252 to €94,112
- Staff costs +€11,095
up €11,095 (+3.4%), from €321,837 to €332,932
- Write-downs +€7,092
new in 2024: €7,092
- Financial income -€6,184
down €6,184 (-63.1%), from €9,803 to €3,619
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,883,654 | €1,733,413 | -€150,241 | -8.0% |
| Fixed assets | 21/28 | €772,094 | €871,112 | +€99,017 | +12.8% |
| Tangible fixed assets | 22/27 | €758,458 | €857,475 | +€99,017 | +13.1% |
| Land and buildings | 22 | €466,366 | €439,484 | -€26,883 | -5.8% |
| Plant, machinery and equipment | 23 | €125,301 | €294,924 | +€169,623 | +135.4% |
| Furniture and vehicles | 24 | €44,610 | €34,566 | -€10,044 | -22.5% |
| Leasing and similar rights | 25 | €122,181 | €88,502 | -€33,679 | -27.6% |
| Financial fixed assets | 28 | €13,636 | €13,636 | = | 0.0% |
| Current assets | 29/58 | €1,111,559 | €862,301 | -€249,259 | -22.4% |
| Stocks and contracts in progress | 3 | €505,194 | €479,322 | -€25,872 | -5.1% |
| Stocks | 30/36 | €505,194 | €479,322 | -€25,872 | -5.1% |
| Amounts receivable within one year | 40/41 | €322,792 | €275,712 | -€47,079 | -14.6% |
| Trade receivables | 40 | €297,044 | €247,199 | -€49,845 | -16.8% |
| Other amounts receivable | 41 | €25,748 | €28,513 | +€2,766 | +10.7% |
| Cash at bank and in hand | 54/58 | €270,404 | €80,252 | -€190,152 | -70.3% |
| Deferred charges and accrued income | 490/1 | €13,169 | €27,014 | +€13,845 | +105.1% |
| Total equity and liabilities | 10/49 | €1,883,654 | €1,733,413 | -€150,241 | -8.0% |
| Equity | 10/15 | €414,614 | €456,672 | +€42,058 | +10.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €290,714 | €330,714 | +€40,000 | +13.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,514 | €4,514 | = | 0.0% |
| Distributable reserves | 133 | €280,000 | €320,000 | +€40,000 | +14.3% |
| Profit (loss) carried forward | 14 | €1,033 | €4,632 | +€3,599 | +348.5% |
| Investment grants | 15 | €60,867 | €59,326 | -€1,541 | -2.5% |
| Provisions and deferred taxes | 16 | €30,205 | €29,412 | -€794 | -2.6% |
| Deferred taxes | 168 | €30,205 | €29,412 | -€794 | -2.6% |
| Amounts payable | 17/49 | €1,438,835 | €1,247,329 | -€191,506 | -13.3% |
| Amounts payable after more than one year | 17 | €352,131 | €337,710 | -€14,421 | -4.1% |
| Financial debts | 170/4 | €352,131 | €337,710 | -€14,421 | -4.1% |
| Amounts payable within one year | 42/48 | €1,086,703 | €909,619 | -€177,084 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €83,869 | €83,852 | -€17 | 0.0% |
| Trade debts | 44 | €611,493 | €491,220 | -€120,273 | -19.7% |
| Suppliers | 440/4 | €611,493 | €491,220 | -€120,273 | -19.7% |
| Advances received on contracts in progress | 46 | €145,017 | €0 | -€145,017 | -100.0% |
| Taxes, remuneration and social security | 45 | €37,672 | €28,525 | -€9,147 | -24.3% |
| Taxes | 450/3 | €6,079 | €4,904 | -€1,174 | -19.3% |
| Remuneration and social security | 454/9 | €31,593 | €23,621 | -€7,973 | -25.2% |
| Other amounts payable | 47/48 | €208,652 | €306,022 | +€97,370 | +46.7% |
| Non-recurring operating income | 76A | €54,124 | €5,000 | -€49,124 | -90.8% |
| Remuneration, social security and pensions | 62 | €321,837 | €332,932 | +€11,095 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,252 | €94,112 | +€18,860 | +25.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,092 | +€7,092 | |
| Other operating charges | 640/8 | €35,561 | €36,706 | +€1,144 | +3.2% |
| Gross operating margin | 9900 | €505,399 | €564,369 | +€58,970 | +11.7% |
| Operating profit (loss) | 9901 | €72,748 | €93,528 | +€20,779 | +28.6% |
| Financial income | 75/76B | €9,803 | €3,619 | -€6,184 | -63.1% |
| Recurring financial income | 75 | €9,803 | €3,619 | -€6,184 | -63.1% |
| Financial charges | 65/66B | €27,539 | €24,626 | -€2,913 | -10.6% |
| Recurring financial charges | 65 | €27,539 | €24,626 | -€2,913 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €55,012 | €72,520 | +€17,509 | +31.8% |
| Transfer from deferred taxes | 780 | €1,691 | €794 | -€897 | -53.1% |
| Income taxes | 67/77 | €12,614 | €14,715 | +€2,101 | +16.7% |
| Profit (loss) for the period | 9904 | €44,089 | €58,599 | +€14,510 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,089 | €58,599 | +€14,510 | +32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.