GZ METAL: what changed
What changed
GZ METAL
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€2,289
2024 · -€28,261+€30,551
Equity
€95,710
2024 · €123,102-€27,392
Cash
-
not filed
Balance sheet total
€368,617
2024 · €390,272-€21,654
Largest movements
Assets
- Receivables within one year -€16,075
down €16,075 (-10.6%), from €150,981 to €134,906
of which Trade receivables: -€24,161
- Tangible fixed assets -€5,580
down €5,580 (-2.3%), from €238,267 to €232,687
of which Plant, machinery and equipment: -€5,580
Equity and liabilities
- Investment grants -€29,681
no longer reported in 2025 (was €29,681)
- Other debts +€20,521
up €20,521 (+3,684%), from €557 to €21,078
- Trade debts -€14,292
down €14,292 (-83.7%), from €17,082 to €2,790
- Debts after one year +€14,057
up €14,057 (+8.3%), from €170,231 to €184,288
- Short-term financial debts -€10,291
down €10,291 (-46.5%), from €22,109 to €11,818
Income statement
- Financial income +€23,662
up €23,662 (+1,915%), from €1,235 to €24,897
- Depreciation -€12,657
down €12,657 (-46.8%), from €27,022 to €14,365
- Other operating charges -€11,990
down €11,990 (-83.9%), from €14,293 to €2,302
- Financial charges +€10,996
up €10,996 (+161%), from €6,848 to €17,844
- Taxes +€8,808
new in 2025: €8,808
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€28,261
Gross operating margin
+€6,765
Staff costs
+€5,385
Depreciation
+€12,657
Other operating charges
+€11,990
Other operating items
-€10,105
Financial income
+€23,662
Financial charges
-€10,996
Taxes
-€8,808
Result 2025
€2,289
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,272 | €368,617 | -€21,654 | -5.5% |
| Fixed assets | 21/28 | €239,291 | €233,711 | -€5,580 | -2.3% |
| Tangible fixed assets | 22/27 | €238,267 | €232,687 | -€5,580 | -2.3% |
| Land and buildings | 22 | €33,808 | €33,808 | = | 0.0% |
| Plant, machinery and equipment | 23 | €204,459 | €198,879 | -€5,580 | -2.7% |
| Financial fixed assets | 28 | €1,024 | €1,024 | = | 0.0% |
| Current assets | 29/58 | €150,981 | €134,906 | -€16,075 | -10.6% |
| Amounts receivable within one year | 40/41 | €150,981 | €134,906 | -€16,075 | -10.6% |
| Trade receivables | 40 | €114,976 | €90,816 | -€24,161 | -21.0% |
| Other amounts receivable | 41 | €36,004 | €44,090 | +€8,086 | +22.5% |
| Total equity and liabilities | 10/49 | €390,272 | €368,617 | -€21,654 | -5.5% |
| Equity | 10/15 | €123,102 | €95,710 | -€27,392 | -22.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €106,567 | €106,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,707 | €104,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,646 | -€23,357 | +€2,289 | +8.9% |
| Investment grants | 15 | €29,681 | - | -€29,681 | |
| Amounts payable | 17/49 | €267,170 | €272,907 | +€5,737 | +2.1% |
| Amounts payable after more than one year | 17 | €170,231 | €184,288 | +€14,057 | +8.3% |
| Financial debts | 170/4 | €170,231 | €184,288 | +€14,057 | +8.3% |
| Amounts payable within one year | 42/48 | €96,938 | €88,619 | -€8,319 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €50,064 | €45,251 | -€4,813 | -9.6% |
| Financial debts | 43 | €22,109 | €11,818 | -€10,291 | -46.5% |
| Credit institutions | 430/8 | €22,109 | €11,818 | -€10,291 | -46.5% |
| Trade debts | 44 | €17,082 | €2,790 | -€14,292 | -83.7% |
| Suppliers | 440/4 | €17,082 | €2,790 | -€14,292 | -83.7% |
| Taxes, remuneration and social security | 45 | €7,126 | €7,681 | +€555 | +7.8% |
| Taxes | 450/3 | €360 | €7,681 | +€7,321 | +2,031% |
| Remuneration and social security | 454/9 | €6,765 | - | -€6,765 | |
| Other amounts payable | 47/48 | €557 | €21,078 | +€20,521 | +3,684% |
| Non-recurring operating income | 76A | - | €5,083 | +€5,083 | |
| Remuneration, social security and pensions | 62 | €120,551 | €115,167 | -€5,385 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,022 | €14,365 | -€12,657 | -46.8% |
| Other operating charges | 640/8 | €14,293 | €2,302 | -€11,990 | -83.9% |
| Non-recurring operating charges | 66A | €486 | €10,591 | +€10,105 | +2,079% |
| Gross operating margin | 9900 | €139,703 | €146,468 | +€6,765 | +4.8% |
| Operating profit (loss) | 9901 | -€22,649 | €4,044 | +€26,693 | |
| Financial income | 75/76B | €1,235 | €24,897 | +€23,662 | +1,915% |
| Recurring financial income | 75 | €1,235 | €24,897 | +€23,662 | +1,915% |
| Financial charges | 65/66B | €6,848 | €17,844 | +€10,996 | +161% |
| Recurring financial charges | 65 | €6,848 | €17,844 | +€10,996 | +161% |
| Profit (loss) for the period before taxes | 9903 | -€28,261 | €11,098 | +€39,359 | |
| Income taxes | 67/77 | - | €8,808 | +€8,808 | |
| Profit (loss) for the period | 9904 | -€28,261 | €2,289 | +€30,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,261 | €2,289 | +€30,551 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.