G 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.
G METAL
Largest movements
- Cash +€137,726
up €137,726 (+1,000%), from €13,766 to €151,493
mainly Receivables within one year (+€58,157) and Trade debts (+€43,041)
- Receivables within one year -€58,157
down €58,157 (-56.4%), from €103,109 to €44,953
of which Other amounts receivable: -€57,298
- Deferred charges and accrued income -€16,855
down €16,855 (-77.0%), from €21,893 to €5,038
- Tangible fixed assets -€12,318
down €12,318 (-5.1%), from €239,605 to €227,287
of which Furniture and vehicles: -€10,969
- Trade debts +€43,041
up €43,041 (+592%), from €7,269 to €50,310
- Reserves +€10,770
up €10,770 (+3.5%), from €305,700 to €316,470
- Tax, wage and social debts -€4,573
down €4,573 (-25.0%), from €18,292 to €13,719
of which Remuneration and social security: -€8,104
- Gross operating margin -€39,283
down €39,283 (-28.7%), from €136,909 to €97,625
- Other operating charges +€27,437
up €27,437 (+175%), from €15,713 to €43,149
- Taxes -€21,549
down €21,549 (-74.7%), from €28,851 to €7,302
- Depreciation +€10,593
up €10,593 (+165%), from €6,440 to €17,033
- Staff costs -€7,196
down €7,196 (-27.2%), from €26,462 to €19,267
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 | €379,308 | €429,705 | +€50,397 | +13.3% |
| Fixed assets | 21/28 | €240,540 | €228,222 | -€12,318 | -5.1% |
| Tangible fixed assets | 22/27 | €239,605 | €227,287 | -€12,318 | -5.1% |
| Land and buildings | 22 | €198,715 | €192,792 | -€5,922 | -3.0% |
| Plant, machinery and equipment | 23 | - | €4,573 | +€4,573 | |
| Furniture and vehicles | 24 | €40,890 | €29,922 | -€10,969 | -26.8% |
| Financial fixed assets | 28 | €935 | €935 | = | 0.0% |
| Current assets | 29/58 | €138,768 | €201,483 | +€62,715 | +45.2% |
| Amounts receivable within one year | 40/41 | €103,109 | €44,953 | -€58,157 | -56.4% |
| Trade receivables | 40 | €15,125 | €14,266 | -€859 | -5.7% |
| Other amounts receivable | 41 | €87,984 | €30,687 | -€57,298 | -65.1% |
| Cash at bank and in hand | 54/58 | €13,766 | €151,493 | +€137,726 | +1,000% |
| Deferred charges and accrued income | 490/1 | €21,893 | €5,038 | -€16,855 | -77.0% |
| Total equity and liabilities | 10/49 | €379,308 | €429,705 | +€50,397 | +13.3% |
| Equity | 10/15 | €353,747 | €364,518 | +€10,770 | +3.0% |
| Contributions | 10/11 | €33,465 | €33,465 | = | 0.0% |
| Reserves | 13 | €305,700 | €316,470 | +€10,770 | +3.5% |
| Distributable reserves | 133 | €305,700 | €316,470 | +€10,770 | +3.5% |
| Profit (loss) carried forward | 14 | €13,354 | €13,354 | +€0 | 0.0% |
| Investment grants | 15 | €1,228 | €1,228 | = | 0.0% |
| Amounts payable | 17/49 | €25,561 | €65,187 | +€39,626 | +155% |
| Amounts payable within one year | 42/48 | €25,561 | €65,187 | +€39,626 | +155% |
| Trade debts | 44 | €7,269 | €50,310 | +€43,041 | +592% |
| Suppliers | 440/4 | €7,269 | €50,310 | +€43,041 | +592% |
| Taxes, remuneration and social security | 45 | €18,292 | €13,719 | -€4,573 | -25.0% |
| Taxes | 450/3 | €9,361 | €12,892 | +€3,531 | +37.7% |
| Remuneration and social security | 454/9 | €8,931 | €827 | -€8,104 | -90.7% |
| Other amounts payable | 47/48 | - | €1,158 | +€1,158 | |
| Remuneration, social security and pensions | 62 | €26,462 | €19,267 | -€7,196 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,440 | €17,033 | +€10,593 | +165% |
| Other operating charges | 640/8 | €15,713 | €43,149 | +€27,437 | +175% |
| Gross operating margin | 9900 | €136,909 | €97,625 | -€39,283 | -28.7% |
| Operating profit (loss) | 9901 | €88,294 | €18,177 | -€70,118 | -79.4% |
| Financial charges | 65/66B | €31 | €104 | +€73 | +233% |
| Recurring financial charges | 65 | €31 | €104 | +€73 | +233% |
| Profit (loss) for the period before taxes | 9903 | €88,263 | €18,073 | -€70,190 | -79.5% |
| Income taxes | 67/77 | €28,851 | €7,302 | -€21,549 | -74.7% |
| Profit (loss) for the period | 9904 | €59,412 | €10,770 | -€48,642 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,412 | €10,770 | -€48,642 | -81.9% |
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 20 October 2026 via checked.be.