FULL METAL SERVICES: 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.
FULL METAL SERVICES
Largest movements
- Cash +€132,448
up €132,448 (+8.2%), from €1.6m to €1.7m
mainly Net result for the year (+€81,168) and Depreciation (+€77,947)
- Tangible fixed assets -€64,247
down €64,247 (-7.7%), from €831,105 to €766,857
of which Land and buildings: -€57,770
- Profit (loss) carried forward +€81,168
up €81,168 (+2.0%), from €4.1m to €4.2m
- Gross operating margin +€25,797
up €25,797 (+6.3%), from €409,303 to €435,100
- Financial income -€14,596
down €14,596 (-52.7%), from €27,671 to €13,075
- Staff costs +€8,481
up €8,481 (+3.9%), from €215,244 to €223,725
- Taxes +€4,444
up €4,444 (+20.4%), from €21,758 to €26,202
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 | €4,555,465 | €4,637,501 | +€82,035 | +1.8% |
| Fixed assets | 21/28 | €2,838,618 | €2,774,370 | -€64,247 | -2.3% |
| Tangible fixed assets | 22/27 | €831,105 | €766,857 | -€64,247 | -7.7% |
| Land and buildings | 22 | €753,218 | €695,448 | -€57,770 | -7.7% |
| Plant, machinery and equipment | 23 | €48,346 | €55,757 | +€7,411 | +15.3% |
| Furniture and vehicles | 24 | €29,540 | €15,652 | -€13,888 | -47.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,007,513 | €2,007,513 | = | 0.0% |
| Current assets | 29/58 | €1,716,848 | €1,863,130 | +€146,283 | +8.5% |
| Amounts receivable within one year | 40/41 | €99,581 | €121,201 | +€21,620 | +21.7% |
| Trade receivables | 40 | €90,019 | €94,279 | +€4,260 | +4.7% |
| Other amounts receivable | 41 | €9,562 | €26,922 | +€17,361 | +182% |
| Cash at bank and in hand | 54/58 | €1,609,482 | €1,741,929 | +€132,448 | +8.2% |
| Deferred charges and accrued income | 490/1 | €7,786 | €0 | -€7,786 | -100% |
| Total equity and liabilities | 10/49 | €4,555,465 | €4,637,501 | +€82,035 | +1.8% |
| Equity | 10/15 | €4,514,673 | €4,595,841 | +€81,168 | +1.8% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €55,823 | €55,823 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,949 | €5,949 | = | 0.0% |
| Distributable reserves | 133 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,108,850 | €4,190,018 | +€81,168 | +2.0% |
| Amounts payable | 17/49 | €40,792 | €41,660 | +€868 | +2.1% |
| Amounts payable within one year | 42/48 | €40,792 | €40,629 | -€163 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €4,448 | €3,451 | -€997 | -22.4% |
| Suppliers | 440/4 | €4,448 | €3,451 | -€997 | -22.4% |
| Taxes, remuneration and social security | 45 | €36,344 | €37,178 | +€834 | +2.3% |
| Taxes | 450/3 | €9,284 | €9,715 | +€432 | +4.7% |
| Remuneration and social security | 454/9 | €27,060 | €27,463 | +€402 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €1,031 | +€1,031 | |
| Remuneration, social security and pensions | 62 | €215,244 | €223,725 | +€8,481 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,398 | €77,947 | -€2,450 | -3.0% |
| Other operating charges | 640/8 | €40,183 | €38,460 | -€1,723 | -4.3% |
| Gross operating margin | 9900 | €409,303 | €435,100 | +€25,797 | +6.3% |
| Operating profit (loss) | 9901 | €73,478 | €94,968 | +€21,490 | +29.2% |
| Financial income | 75/76B | €27,671 | €13,075 | -€14,596 | -52.7% |
| Recurring financial income | 75 | €27,671 | €13,075 | -€14,596 | -52.7% |
| Financial charges | 65/66B | €534 | €673 | +€139 | +26.0% |
| Recurring financial charges | 65 | €534 | €673 | +€139 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €100,615 | €107,370 | +€6,755 | +6.7% |
| Income taxes | 67/77 | €21,758 | €26,202 | +€4,444 | +20.4% |
| Profit (loss) for the period | 9904 | €78,857 | €81,168 | +€2,311 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,857 | €81,168 | +€2,311 | +2.9% |
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 27 October 2026 via checked.be.