De Metaalmaker: 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.
De Metaalmaker
Largest movements
- Cash -€107,626
down €107,626 (-56.4%), from €190,914 to €83,287
mainly Accrued charges and deferred income (-€90,028) and Contributions, distributions and other (-€74,945)
- Tangible fixed assets -€35,367
down €35,367 (-10.5%), from €338,075 to €302,709
- Receivables after one year +€12,405
up €12,405 (+38.1%), from €32,599 to €45,003
- Accrued charges and deferred income -€90,028
down €90,028 (-100.0%), from €90,028 to €0
- Other debts +€73,884
up €73,884 (+6963.3%), from €1,061 to €74,945
- Reserves -€50,489
down €50,489 (-31.1%), from €162,108 to €111,619
- Debts after one year -€31,779
down €31,779 (-12.9%), from €247,146 to €215,367
- Current portion of long-term debt -€17,255
down €17,255 (-35.2%), from €49,035 to €31,779
- Gross operating margin -€72,576
down €72,576 (-46.0%), from €157,860 to €85,284
- Taxes -€18,288
down €18,288 (-65.1%), from €28,103 to €9,815
- Depreciation -€1,754
down €1,754 (-3.9%), from €44,987 to €43,232
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 | €585,646 | €455,045 | -€130,601 | -22.3% |
| Fixed assets | 21/28 | €338,754 | €303,388 | -€35,367 | -10.4% |
| Tangible fixed assets | 22/27 | €338,075 | €302,709 | -€35,367 | -10.5% |
| Land and buildings | 22 | €238,190 | €227,386 | -€10,804 | -4.5% |
| Plant, machinery and equipment | 23 | €50,039 | €34,598 | -€15,440 | -30.9% |
| Furniture and vehicles | 24 | €37,760 | €33,300 | -€4,460 | -11.8% |
| Leasing and similar rights | 25 | €8,317 | €4,667 | -€3,650 | -43.9% |
| Other tangible fixed assets | 26 | €3,770 | €2,759 | -€1,012 | -26.8% |
| Financial fixed assets | 28 | €679 | €679 | = | 0.0% |
| Current assets | 29/58 | €246,892 | €151,658 | -€95,234 | -38.6% |
| Amounts receivable after more than one year | 29 | €32,599 | €45,003 | +€12,405 | +38.1% |
| Other amounts receivable | 291 | €32,599 | €45,003 | +€12,405 | +38.1% |
| Amounts receivable within one year | 40/41 | €21,562 | €21,073 | -€489 | -2.3% |
| Trade receivables | 40 | €12,746 | €13,893 | +€1,146 | +9.0% |
| Other amounts receivable | 41 | €8,816 | €7,181 | -€1,635 | -18.5% |
| Cash at bank and in hand | 54/58 | €190,914 | €83,287 | -€107,626 | -56.4% |
| Deferred charges and accrued income | 490/1 | €1,817 | €2,293 | +€477 | +26.2% |
| Total equity and liabilities | 10/49 | €585,646 | €455,045 | -€130,601 | -22.3% |
| Equity | 10/15 | €167,108 | €116,619 | -€50,489 | -30.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €162,108 | €111,619 | -€50,489 | -31.1% |
| Distributable reserves | 133 | €162,108 | €111,619 | -€50,489 | -31.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €418,538 | €338,426 | -€80,112 | -19.1% |
| Amounts payable after more than one year | 17 | €247,146 | €215,367 | -€31,779 | -12.9% |
| Financial debts | 170/4 | €247,146 | €215,367 | -€31,779 | -12.9% |
| Amounts payable within one year | 42/48 | €81,363 | €123,059 | +€41,696 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €49,035 | €31,779 | -€17,255 | -35.2% |
| Trade debts | 44 | €13,653 | €5,757 | -€7,897 | -57.8% |
| Suppliers | 440/4 | €13,653 | €5,757 | -€7,897 | -57.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,614 | €10,578 | -€7,036 | -39.9% |
| Taxes | 450/3 | €14,699 | €7,663 | -€7,036 | -47.9% |
| Remuneration and social security | 454/9 | €2,915 | €2,915 | = | 0.0% |
| Other amounts payable | 47/48 | €1,061 | €74,945 | +€73,884 | +6963.3% |
| Accrued charges and deferred income | 492/3 | €90,028 | €0 | -€90,028 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,987 | €43,232 | -€1,754 | -3.9% |
| Other operating charges | 640/8 | €1,909 | €2,132 | +€222 | +11.6% |
| Non-recurring operating charges | 66A | €2,288 | €0 | -€2,288 | -100.0% |
| Gross operating margin | 9900 | €157,860 | €85,284 | -€72,576 | -46.0% |
| Operating profit (loss) | 9901 | €108,676 | €39,921 | -€68,755 | -63.3% |
| Financial income | 75/76B | €961 | €1,287 | +€325 | +33.8% |
| Recurring financial income | 75 | €961 | €1,287 | +€325 | +33.8% |
| Financial charges | 65/66B | €8,204 | €6,936 | -€1,268 | -15.5% |
| Recurring financial charges | 65 | €8,204 | €6,936 | -€1,268 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €101,433 | €34,272 | -€67,161 | -66.2% |
| Income taxes | 67/77 | €28,103 | €9,815 | -€18,288 | -65.1% |
| Profit (loss) for the period | 9904 | €73,330 | €24,456 | -€48,874 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,330 | €24,456 | -€48,874 | -66.6% |
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 12 October 2026 via checked.be.