GREEN 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.
GREEN METAL
Largest movements
- Cash +€129,370
up €129,370 (+40.5%), from €319,409 to €448,778
mainly Trade debts (+€103,838) and Net result for the year (+€99,868)
- Receivables within one year +€66,464
up €66,464 (+21.2%), from €313,279 to €379,742
of which Trade receivables: +€70,148
- Tangible fixed assets -€44,047
down €44,047 (-14.7%), from €298,692 to €254,645
of which Furniture and vehicles: -€22,767
- Trade debts +€103,838
up €103,838 (+101%), from €102,906 to €206,744
- Reserves +€69,868
up €69,868 (+10.7%), from €655,439 to €725,306
of which Distributable reserves: +€69,868
- Debts after one year -€28,750
down €28,750 (-42.7%), from €67,309 to €38,560
- Current portion of long-term debt -€16,376
down €16,376 (-36.3%), from €45,126 to €28,750
- Tax, wage and social debts +€13,793
up €13,793 (+66.8%), from €20,649 to €34,441
of which Taxes: +€13,768
- Gross operating margin +€26,831
up €26,831 (+13.3%), from €201,904 to €228,735
- Other operating charges +€13,816
up €13,816 (+238%), from €5,805 to €19,621
- Write-downs +€9,761
new in 2025: €9,761
- Depreciation -€5,538
down €5,538 (-9.1%), from €61,010 to €55,472
- Taxes +€3,178
up €3,178 (+8.3%), from €38,458 to €41,636
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 | €962,488 | €1,103,836 | +€141,348 | +14.7% |
| Fixed assets | 21/28 | €300,937 | €256,890 | -€44,047 | -14.6% |
| Tangible fixed assets | 22/27 | €298,692 | €254,645 | -€44,047 | -14.7% |
| Land and buildings | 22 | €231,252 | €210,931 | -€20,321 | -8.8% |
| Plant, machinery and equipment | 23 | €32,302 | €31,343 | -€959 | -3.0% |
| Furniture and vehicles | 24 | €35,138 | €12,371 | -€22,767 | -64.8% |
| Financial fixed assets | 28 | €2,245 | €2,245 | = | 0.0% |
| Current assets | 29/58 | €661,551 | €846,946 | +€185,395 | +28.0% |
| Stocks and contracts in progress | 3 | €27,331 | €16,962 | -€10,369 | -37.9% |
| Stocks | 30/36 | €27,331 | €16,962 | -€10,369 | -37.9% |
| Amounts receivable within one year | 40/41 | €313,279 | €379,742 | +€66,464 | +21.2% |
| Trade receivables | 40 | €274,705 | €344,853 | +€70,148 | +25.5% |
| Other amounts receivable | 41 | €38,574 | €34,889 | -€3,685 | -9.6% |
| Cash at bank and in hand | 54/58 | €319,409 | €448,778 | +€129,370 | +40.5% |
| Deferred charges and accrued income | 490/1 | €1,533 | €1,464 | -€69 | -4.5% |
| Total equity and liabilities | 10/49 | €962,488 | €1,103,836 | +€141,348 | +14.7% |
| Equity | 10/15 | €726,132 | €794,774 | +€68,641 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €655,439 | €725,306 | +€69,868 | +10.7% |
| Non-distributable reserves | 130/1 | €6,398 | €6,398 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,398 | €6,398 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €620,291 | €690,158 | +€69,868 | +11.3% |
| Profit (loss) carried forward | 14 | €40,924 | €40,924 | = | 0.0% |
| Investment grants | 15 | €11,169 | €9,943 | -€1,226 | -11.0% |
| Amounts payable | 17/49 | €236,356 | €309,062 | +€72,706 | +30.8% |
| Amounts payable after more than one year | 17 | €67,309 | €38,560 | -€28,750 | -42.7% |
| Financial debts | 170/4 | €67,309 | €38,560 | -€28,750 | -42.7% |
| Amounts payable within one year | 42/48 | €168,680 | €269,935 | +€101,255 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €45,126 | €28,750 | -€16,376 | -36.3% |
| Trade debts | 44 | €102,906 | €206,744 | +€103,838 | +101% |
| Suppliers | 440/4 | €102,906 | €206,744 | +€103,838 | +101% |
| Taxes, remuneration and social security | 45 | €20,649 | €34,441 | +€13,793 | +66.8% |
| Taxes | 450/3 | €18,458 | €32,227 | +€13,768 | +74.6% |
| Remuneration and social security | 454/9 | €2,190 | €2,215 | +€24 | +1.1% |
| Accrued charges and deferred income | 492/3 | €366 | €567 | +€201 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,010 | €55,472 | -€5,538 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,761 | +€9,761 | |
| Other operating charges | 640/8 | €5,805 | €19,621 | +€13,816 | +238% |
| Gross operating margin | 9900 | €201,904 | €228,735 | +€26,831 | +13.3% |
| Operating profit (loss) | 9901 | €135,089 | €143,881 | +€8,792 | +6.5% |
| Financial income | 75/76B | €1,553 | €1,639 | +€86 | +5.5% |
| Recurring financial income | 75 | €1,553 | €1,639 | +€86 | +5.5% |
| Financial charges | 65/66B | €5,399 | €4,017 | -€1,382 | -25.6% |
| Recurring financial charges | 65 | €5,399 | €4,017 | -€1,382 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €131,244 | €141,504 | +€10,259 | +7.8% |
| Income taxes | 67/77 | €38,458 | €41,636 | +€3,178 | +8.3% |
| Profit (loss) for the period | 9904 | €92,786 | €99,868 | +€7,082 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,786 | €99,868 | +€7,082 | +7.6% |
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 29 October 2026 via checked.be.