FULLMETAL: 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.
FULLMETAL
Largest movements
- Receivables within one year +€41,013
up €41,013 (+236.7%), from €17,325 to €58,338
of which Other amounts receivable: +€34,111
- Tangible fixed assets -€9,505
down €9,505 (-11.8%), from €80,712 to €71,207
of which Leasing and similar rights: -€6,876
- Cash +€9,251
up €9,251 (+175.7%), from €5,265 to €14,516
mainly Advances received (+€51,061) and Net result for the year (+€13,098)
- Receivables after one year +€5,671
up €5,671 (+3.5%), from €162,042 to €167,714
- Advances received +€51,061
new in 2025: €51,061
- Reserves +€13,098
up €13,098 (+110.4%), from €11,860 to €24,958
of which Distributable reserves: +€13,098
- Debts after one year -€9,168
down €9,168 (-11.3%), from €81,185 to €72,017
- Tax, wage and social debts -€5,435
down €5,435 (-42.9%), from €12,655 to €7,220
- Gross operating margin -€6,223
down €6,223 (-16.7%), from €37,259 to €31,035
- Depreciation +€5,975
up €5,975 (+169.2%), from €3,530 to €9,505
- Financial charges -€2,258
down €2,258 (-26.6%), from €8,487 to €6,229
- Taxes +€1,613
up €1,613 (+28.9%), from €5,573 to €7,186
- Financial income -€1,433
down €1,433 (-18.0%), from €7,941 to €6,508
of which Financial income: -€998
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 | €265,381 | €312,288 | +€46,906 | +17.7% |
| Fixed assets | 21/28 | €80,712 | €71,207 | -€9,505 | -11.8% |
| Tangible fixed assets | 22/27 | €80,712 | €71,207 | -€9,505 | -11.8% |
| Land and buildings | 22 | €43,121 | €41,591 | -€1,530 | -3.5% |
| Plant, machinery and equipment | 23 | €754 | €380 | -€374 | -49.6% |
| Furniture and vehicles | 24 | €1,587 | €862 | -€725 | -45.7% |
| Leasing and similar rights | 25 | €35,250 | €28,374 | -€6,876 | -19.5% |
| Current assets | 29/58 | €184,670 | €241,081 | +€56,411 | +30.5% |
| Amounts receivable after more than one year | 29 | €162,042 | €167,714 | +€5,671 | +3.5% |
| Other amounts receivable | 291 | €162,042 | €167,714 | +€5,671 | +3.5% |
| Amounts receivable within one year | 40/41 | €17,325 | €58,338 | +€41,013 | +236.7% |
| Trade receivables | 40 | €2,720 | €9,623 | +€6,902 | +253.7% |
| Other amounts receivable | 41 | €14,604 | €48,716 | +€34,111 | +233.6% |
| Cash at bank and in hand | 54/58 | €5,265 | €14,516 | +€9,251 | +175.7% |
| Deferred charges and accrued income | 490/1 | €38 | €513 | +€476 | +1267.4% |
| Total equity and liabilities | 10/49 | €265,381 | €312,288 | +€46,906 | +17.7% |
| Equity | 10/15 | €151,668 | €164,554 | +€12,886 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,860 | €24,958 | +€13,098 | +110.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | - | €13,098 | +€13,098 | |
| Profit (loss) carried forward | 14 | €133,608 | €133,396 | -€212 | -0.2% |
| Amounts payable | 17/49 | €113,713 | €147,733 | +€34,020 | +29.9% |
| Amounts payable after more than one year | 17 | €81,185 | €72,017 | -€9,168 | -11.3% |
| Financial debts | 170/4 | €81,185 | €72,017 | -€9,168 | -11.3% |
| Amounts payable within one year | 42/48 | €26,115 | €69,853 | +€43,738 | +167.5% |
| Current portion of amounts payable after more than one year | 42 | €8,042 | €9,168 | +€1,126 | +14.0% |
| Financial debts | 43 | €2,536 | €0 | -€2,536 | -100.0% |
| Credit institutions | 430/8 | €2,536 | €0 | -€2,536 | -100.0% |
| Trade debts | 44 | €2,883 | €2,404 | -€479 | -16.6% |
| Suppliers | 440/4 | €2,883 | €2,404 | -€479 | -16.6% |
| Advances received on contracts in progress | 46 | - | €51,061 | +€51,061 | |
| Taxes, remuneration and social security | 45 | €12,655 | €7,220 | -€5,435 | -42.9% |
| Taxes | 450/3 | €12,655 | €7,220 | -€5,435 | -42.9% |
| Accrued charges and deferred income | 492/3 | €6,413 | €5,863 | -€550 | -8.6% |
| Remuneration, social security and pensions | 62 | €474 | €1,111 | +€637 | +134.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,530 | €9,505 | +€5,975 | +169.2% |
| Other operating charges | 640/8 | €681 | €415 | -€267 | -39.1% |
| Non-recurring operating charges | 66A | €7,503 | €0 | -€7,503 | -100.0% |
| Gross operating margin | 9900 | €37,259 | €31,035 | -€6,223 | -16.7% |
| Operating profit (loss) | 9901 | €25,070 | €20,005 | -€5,065 | -20.2% |
| Financial income | 75/76B | €7,941 | €6,508 | -€1,433 | -18.0% |
| Recurring financial income | 75 | €7,505 | €6,508 | -€998 | -13.3% |
| Non-recurring financial income | 76B | €435 | €0 | -€435 | -100.0% |
| Financial charges | 65/66B | €8,487 | €6,229 | -€2,258 | -26.6% |
| Recurring financial charges | 65 | €8,487 | €6,229 | -€2,258 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €24,523 | €20,284 | -€4,239 | -17.3% |
| Income taxes | 67/77 | €5,573 | €7,186 | +€1,613 | +28.9% |
| Profit (loss) for the period | 9904 | €18,951 | €13,098 | -€5,853 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,951 | €13,098 | -€5,853 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.