HB 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.
HB METAL
Largest movements
- Receivables within one year +€56,420
up €56,420 (+287%), from €19,679 to €76,100
of which Trade receivables: +€63,193
- Tangible fixed assets +€30,445
up €30,445 (+4,611%), from €660 to €31,106
of which Furniture and vehicles: +€30,255
- Reserves +€40,000
new in 2025: €40,000
- Debts after one year +€25,098
new in 2025: €25,098
- Profit (loss) carried forward -€12,378
down €12,378 (-62.6%), from €19,782 to €7,404
- Other debts +€10,961
up €10,961 (+4,306%), from €255 to €11,215
- Trade debts +€10,668
up €10,668 (+65.8%), from €16,222 to €26,890
- Gross operating margin +€19,794
up €19,794 (+43.9%), from €45,091 to €64,885
- Staff costs -€9,721
down €9,721 (-51.9%), from €18,718 to €8,997
- Depreciation +€7,803
up €7,803 (+712%), from €1,095 to €8,898
- Write-downs +€7,728
new in 2025: €7,728
- Taxes +€2,685
up €2,685 (+54.3%), from €4,946 to €7,631
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 | €44,178 | €131,118 | +€86,940 | +197% |
| Fixed assets | 21/28 | €660 | €31,106 | +€30,445 | +4,611% |
| Tangible fixed assets | 22/27 | €660 | €31,106 | +€30,445 | +4,611% |
| Plant, machinery and equipment | 23 | €660 | €851 | +€191 | +28.9% |
| Furniture and vehicles | 24 | - | €30,255 | +€30,255 | |
| Current assets | 29/58 | €43,518 | €100,012 | +€56,494 | +130% |
| Amounts receivable within one year | 40/41 | €19,679 | €76,100 | +€56,420 | +287% |
| Trade receivables | 40 | €12,187 | €75,380 | +€63,193 | +519% |
| Other amounts receivable | 41 | €7,492 | €720 | -€6,773 | -90.4% |
| Cash at bank and in hand | 54/58 | €23,670 | €23,615 | -€55 | -0.2% |
| Deferred charges and accrued income | 490/1 | €168 | €298 | +€129 | +76.9% |
| Total equity and liabilities | 10/49 | €44,178 | €131,118 | +€86,940 | +197% |
| Equity | 10/15 | €20,782 | €48,404 | +€27,622 | +133% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €19,782 | €7,404 | -€12,378 | -62.6% |
| Amounts payable | 17/49 | €23,396 | €82,714 | +€59,318 | +254% |
| Amounts payable after more than one year | 17 | - | €25,098 | +€25,098 | |
| Financial debts | 170/4 | - | €25,098 | +€25,098 | |
| Amounts payable within one year | 42/48 | €23,396 | €57,591 | +€34,195 | +146% |
| Current portion of amounts payable after more than one year | 42 | - | €6,908 | +€6,908 | |
| Trade debts | 44 | €16,222 | €26,890 | +€10,668 | +65.8% |
| Suppliers | 440/4 | €16,222 | €26,890 | +€10,668 | +65.8% |
| Taxes, remuneration and social security | 45 | €6,919 | €12,577 | +€5,658 | +81.8% |
| Taxes | 450/3 | €4,946 | €12,577 | +€7,631 | +154% |
| Remuneration and social security | 454/9 | €1,973 | €0 | -€1,973 | -100% |
| Other amounts payable | 47/48 | €255 | €11,215 | +€10,961 | +4,306% |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Remuneration, social security and pensions | 62 | €18,718 | €8,997 | -€9,721 | -51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €8,898 | +€7,803 | +712% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,728 | +€7,728 | |
| Other operating charges | 640/8 | €482 | €1,662 | +€1,180 | +245% |
| Gross operating margin | 9900 | €45,091 | €64,885 | +€19,794 | +43.9% |
| Operating profit (loss) | 9901 | €24,796 | €37,600 | +€12,804 | +51.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €68 | €2,350 | +€2,282 | +3,353% |
| Recurring financial charges | 65 | €68 | €2,350 | +€2,282 | +3,353% |
| Profit (loss) for the period before taxes | 9903 | €24,728 | €35,253 | +€10,525 | +42.6% |
| Income taxes | 67/77 | €4,946 | €7,631 | +€2,685 | +54.3% |
| Profit (loss) for the period | 9904 | €19,782 | €27,622 | +€7,840 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,782 | €27,622 | +€7,840 | +39.6% |
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 23 October 2026 via checked.be.