EUPEN METAL: 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.
EUPEN METAL
Largest movements
- Tangible fixed assets -€60,257
down €60,257 (-2.2%), from €2.7m to €2.7m
of which Land and buildings: -€40,526
- Cash -€55,354
down €55,354 (-49.9%), from €110,868 to €55,514
mainly Investment in fixed assets (net) (-€178,793) and Current portion of long-term debt (-€160,511)
- Receivables within one year +€46,327
up €46,327 (+16.8%), from €275,908 to €322,235
of which Other amounts receivable: +€42,611
- Current portion of long-term debt -€160,511
down €160,511 (-38.1%), from €421,018 to €260,507
- Investment grants +€148,290
new in 2025: €148,290
- Debts after one year -€147,889
down €147,889 (-7.8%), from €1.9m to €1.7m
of which Trade debts: -€239,385
- Trade debts +€59,740
up €59,740 (+24.3%), from €245,881 to €305,622
- Profit (loss) carried forward +€37,347
up €37,347 (+12.3%), from €304,748 to €342,095
- Gross operating margin -€75,900
down €75,900 (-7.3%), from €1.0m to €968,943
- Financial income +€28,813
up €28,813 (+1,105%), from €2,608 to €31,421
- Depreciation +€26,081
up €26,081 (+12.2%), from €212,968 to €239,050
- Staff costs -€18,779
down €18,779 (-3.0%), from €622,720 to €603,940
- Other operating charges +€11,119
up €11,119 (+425%), from €2,616 to €13,736
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 | €3,491,909 | €3,432,449 | -€59,460 | -1.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,714,810 | €2,654,554 | -€60,257 | -2.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,714,810 | €2,654,554 | -€60,257 | -2.2% |
| Land and buildings | 22 | €2,207,558 | €2,167,032 | -€40,526 | -1.8% |
| Plant, machinery and equipment | 23 | €52,306 | €98,001 | +€45,695 | +87.4% |
| Furniture and vehicles | 24 | €224,755 | €189,016 | -€35,739 | -15.9% |
| Leasing and similar rights | 25 | €230,191 | €200,504 | -€29,687 | -12.9% |
| Current assets | 29/58 | €777,099 | €777,896 | +€797 | +0.1% |
| Stocks and contracts in progress | 3 | €367,900 | €366,114 | -€1,786 | -0.5% |
| Stocks | 30/36 | €367,900 | €366,114 | -€1,786 | -0.5% |
| Amounts receivable within one year | 40/41 | €275,908 | €322,235 | +€46,327 | +16.8% |
| Trade receivables | 40 | €193,097 | €196,813 | +€3,716 | +1.9% |
| Other amounts receivable | 41 | €82,811 | €125,422 | +€42,611 | +51.5% |
| Cash at bank and in hand | 54/58 | €110,868 | €55,514 | -€55,354 | -49.9% |
| Deferred charges and accrued income | 490/1 | €22,423 | €34,033 | +€11,609 | +51.8% |
| Total equity and liabilities | 10/49 | €3,491,909 | €3,432,449 | -€59,460 | -1.7% |
| Equity | 10/15 | €876,065 | €1,063,982 | +€187,917 | +21.5% |
| Contributions | 10/11 | €565,000 | €565,000 | = | 0.0% |
| Capital | 10 | €565,000 | €565,000 | = | 0.0% |
| Issued capital | 100 | €565,000 | €565,000 | = | 0.0% |
| Reserves | 13 | €6,317 | €8,597 | +€2,280 | +36.1% |
| Non-distributable reserves | 130/1 | €6,317 | €8,597 | +€2,280 | +36.1% |
| Legal reserve | 130 | €6,317 | €8,597 | +€2,280 | +36.1% |
| Profit (loss) carried forward | 14 | €304,748 | €342,095 | +€37,347 | +12.3% |
| Investment grants | 15 | - | €148,290 | +€148,290 | |
| Amounts payable | 17/49 | €2,615,844 | €2,368,467 | -€247,377 | -9.5% |
| Amounts payable after more than one year | 17 | €1,885,955 | €1,738,067 | -€147,889 | -7.8% |
| Financial debts | 170/4 | €1,646,570 | €1,738,067 | +€91,496 | +5.6% |
| Trade debts | 175 | €239,385 | - | -€239,385 | |
| Amounts payable within one year | 42/48 | €729,689 | €623,926 | -€105,764 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €421,018 | €260,507 | -€160,511 | -38.1% |
| Trade debts | 44 | €245,881 | €305,622 | +€59,740 | +24.3% |
| Suppliers | 440/4 | €245,881 | €305,622 | +€59,740 | +24.3% |
| Taxes, remuneration and social security | 45 | €62,753 | €51,816 | -€10,937 | -17.4% |
| Taxes | 450/3 | €4,625 | €4,467 | -€158 | -3.4% |
| Remuneration and social security | 454/9 | €58,128 | €47,349 | -€10,779 | -18.5% |
| Other amounts payable | 47/48 | €36 | €5,980 | +€5,944 | +16,512% |
| Accrued charges and deferred income | 492/3 | €200 | €6,475 | +€6,275 | +3,138% |
| Non-recurring operating income | 76A | €17,478 | - | -€17,478 | |
| Remuneration, social security and pensions | 62 | €622,720 | €603,940 | -€18,779 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,968 | €239,050 | +€26,081 | +12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,065 | -€5,103 | -€9,168 | |
| Other operating charges | 640/8 | €2,616 | €13,736 | +€11,119 | +425% |
| Gross operating margin | 9900 | €1,044,844 | €968,943 | -€75,900 | -7.3% |
| Operating profit (loss) | 9901 | €202,474 | €117,321 | -€85,154 | -42.1% |
| Financial income | 75/76B | €2,608 | €31,421 | +€28,813 | +1,105% |
| Recurring financial income | 75 | €2,608 | €31,421 | +€28,813 | +1,105% |
| Financial charges | 65/66B | €105,786 | €94,919 | -€10,866 | -10.3% |
| Recurring financial charges | 65 | €105,786 | €94,919 | -€10,866 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €99,297 | €53,822 | -€45,474 | -45.8% |
| Income taxes | 67/77 | €18,040 | €8,215 | -€9,825 | -54.5% |
| Profit (loss) for the period | 9904 | €81,256 | €45,607 | -€35,649 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,256 | €45,607 | -€35,649 | -43.9% |
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.