HBL METAUX: 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.
HBL METAUX
Largest movements
- Receivables within one year +€44,255
up €44,255 (+83.6%), from €52,955 to €97,210
of which Trade receivables: +€44,505
- Tangible fixed assets -€27,886
down €27,886 (-40.1%), from €69,477 to €41,591
of which Plant, machinery and equipment: -€21,521
- Cash +€20,936
up €20,936 (+39.1%), from €53,515 to €74,451
mainly Net result for the year (+€65,546) and Depreciation (+€40,261)
- Intangible fixed assets -€10,000
down €10,000 (-12.2%), from €81,667 to €71,667
- Other debts -€67,298
down €67,298 (-98.6%), from €68,288 to €990
- Reserves +€65,000
up €65,000 (+81.3%), from €80,000 to €145,000
- Trade debts +€38,823
up €38,823 (+578%), from €6,716 to €45,539
of which Suppliers: +€24,673
- Tax, wage and social debts -€7,675
down €7,675 (-20.9%), from €36,706 to €29,031
of which Taxes: -€7,430
- Gross operating margin -€36,593
down €36,593 (-16.0%), from €228,604 to €192,011
- Taxes -€8,074
down €8,074 (-23.9%), from €33,821 to €25,747
- Staff costs -€8,006
down €8,006 (-13.4%), from €59,646 to €51,640
- Other operating charges +€2,890
up €2,890 (+186%), from €1,553 to €4,443
- Depreciation +€2,394
up €2,394 (+6.3%), from €37,867 to €40,261
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 | €260,581 | €289,977 | +€29,396 | +11.3% |
| Fixed assets | 21/28 | €151,144 | €113,258 | -€37,886 | -25.1% |
| Intangible fixed assets | 21 | €81,667 | €71,667 | -€10,000 | -12.2% |
| Tangible fixed assets | 22/27 | €69,477 | €41,591 | -€27,886 | -40.1% |
| Plant, machinery and equipment | 23 | €51,753 | €30,232 | -€21,521 | -41.6% |
| Furniture and vehicles | 24 | €17,724 | €11,359 | -€6,365 | -35.9% |
| Current assets | 29/58 | €109,437 | €176,719 | +€67,282 | +61.5% |
| Amounts receivable within one year | 40/41 | €52,955 | €97,210 | +€44,255 | +83.6% |
| Trade receivables | 40 | €49,068 | €93,573 | +€44,505 | +90.7% |
| Other amounts receivable | 41 | €3,887 | €3,637 | -€250 | -6.4% |
| Cash at bank and in hand | 54/58 | €53,515 | €74,451 | +€20,936 | +39.1% |
| Deferred charges and accrued income | 490/1 | €2,967 | €5,058 | +€2,091 | +70.5% |
| Total equity and liabilities | 10/49 | €260,581 | €289,977 | +€29,396 | +11.3% |
| Equity | 10/15 | €148,871 | €214,417 | +€65,546 | +44.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €145,000 | +€65,000 | +81.3% |
| Distributable reserves | 133 | €80,000 | €145,000 | +€65,000 | +81.3% |
| Profit (loss) carried forward | 14 | €28,871 | €29,417 | +€546 | +1.9% |
| Amounts payable | 17/49 | €111,710 | €75,560 | -€36,150 | -32.4% |
| Amounts payable within one year | 42/48 | €111,710 | €75,560 | -€36,150 | -32.4% |
| Trade debts | 44 | €6,716 | €45,539 | +€38,823 | +578% |
| Suppliers | 440/4 | €6,716 | €31,389 | +€24,673 | +367% |
| Bills of exchange payable | 441 | - | €14,150 | +€14,150 | |
| Taxes, remuneration and social security | 45 | €36,706 | €29,031 | -€7,675 | -20.9% |
| Taxes | 450/3 | €33,821 | €26,391 | -€7,430 | -22.0% |
| Remuneration and social security | 454/9 | €2,885 | €2,640 | -€245 | -8.5% |
| Other amounts payable | 47/48 | €68,288 | €990 | -€67,298 | -98.6% |
| Remuneration, social security and pensions | 62 | €59,646 | €51,640 | -€8,006 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,867 | €40,261 | +€2,394 | +6.3% |
| Other operating charges | 640/8 | €1,553 | €4,443 | +€2,890 | +186% |
| Gross operating margin | 9900 | €228,604 | €192,011 | -€36,593 | -16.0% |
| Operating profit (loss) | 9901 | €129,538 | €95,667 | -€33,871 | -26.1% |
| Financial income | 75/76B | - | €137 | +€137 | |
| Recurring financial income | 75 | - | €137 | +€137 | |
| Financial charges | 65/66B | €6,446 | €4,511 | -€1,935 | -30.0% |
| Recurring financial charges | 65 | €6,446 | €4,511 | -€1,935 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €123,092 | €91,293 | -€31,799 | -25.8% |
| Income taxes | 67/77 | €33,821 | €25,747 | -€8,074 | -23.9% |
| Profit (loss) for the period | 9904 | €89,271 | €65,546 | -€23,725 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,271 | €65,546 | -€23,725 | -26.6% |
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.