HC 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.
HC METAL
Largest movements
- Tangible fixed assets +€472,271
up €472,271 (+129%), from €365,554 to €837,825
of which Land and buildings: +€463,751
- Cash -€25,373
down €25,373 (-15.8%), from €160,605 to €135,232
mainly Investment in fixed assets (net) (-€500,734) and Net result for the year (-€43,188)
- Receivables within one year -€15,078
down €15,078 (-20.6%), from €73,037 to €57,959
of which Trade receivables: -€19,073
- Other debts +€410,147
up €410,147 (+1,593%), from €25,754 to €435,901
- Debts after one year +€64,227
up €64,227 (+20.5%), from €313,201 to €377,428
- Profit (loss) carried forward -€43,188
down €43,188 (-25.4%), from €170,179 to €126,991
- Tax, wage and social debts -€32,260
down €32,260 (-70.1%), from €46,046 to €13,787
- Trade debts +€19,151
up €19,151 (+101%), from €18,928 to €38,079
- Gross operating margin -€56,555
down €56,555 (-41.6%), from €135,797 to €79,242
- Other operating charges +€56,406
up €56,406 (+3,718%), from €1,517 to €57,923
- Depreciation -€36,819
down €36,819 (-56.4%), from €65,283 to €28,464
- Financial charges +€29,199
up €29,199 (+1,619%), from €1,804 to €31,003
- Taxes -€8,649
down €8,649 (-63.4%), from €13,649 to €5,000
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 | €606,597 | €1,031,070 | +€424,473 | +70.0% |
| Fixed assets | 21/28 | €365,609 | €837,879 | +€472,271 | +129% |
| Tangible fixed assets | 22/27 | €365,554 | €837,825 | +€472,271 | +129% |
| Land and buildings | 22 | €329,954 | €793,705 | +€463,751 | +141% |
| Plant, machinery and equipment | 23 | €2,475 | €4,246 | +€1,771 | +71.6% |
| Furniture and vehicles | 24 | €33,126 | €21,184 | -€11,942 | -36.0% |
| Leasing and similar rights | 25 | - | €18,690 | +€18,690 | |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €240,989 | €193,191 | -€47,798 | -19.8% |
| Stocks and contracts in progress | 3 | €6,189 | - | -€6,189 | |
| Stocks | 30/36 | €1,678 | - | -€1,678 | |
| Contracts in progress | 37 | €4,511 | - | -€4,511 | |
| Amounts receivable within one year | 40/41 | €73,037 | €57,959 | -€15,078 | -20.6% |
| Trade receivables | 40 | €65,084 | €46,011 | -€19,073 | -29.3% |
| Other amounts receivable | 41 | €7,953 | €11,948 | +€3,995 | +50.2% |
| Cash at bank and in hand | 54/58 | €160,605 | €135,232 | -€25,373 | -15.8% |
| Deferred charges and accrued income | 490/1 | €1,158 | - | -€1,158 | |
| Total equity and liabilities | 10/49 | €606,597 | €1,031,070 | +€424,473 | +70.0% |
| Equity | 10/15 | €185,179 | €141,991 | -€43,188 | -23.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,179 | €126,991 | -€43,188 | -25.4% |
| Amounts payable | 17/49 | €421,418 | €889,079 | +€467,661 | +111% |
| Amounts payable after more than one year | 17 | €313,201 | €377,428 | +€64,227 | +20.5% |
| Financial debts | 170/4 | €313,201 | €377,428 | +€64,227 | +20.5% |
| Amounts payable within one year | 42/48 | €108,218 | €511,652 | +€403,434 | +373% |
| Current portion of amounts payable after more than one year | 42 | €17,489 | €23,885 | +€6,395 | +36.6% |
| Trade debts | 44 | €18,928 | €38,079 | +€19,151 | +101% |
| Suppliers | 440/4 | €18,928 | €38,079 | +€19,151 | +101% |
| Taxes, remuneration and social security | 45 | €46,046 | €13,787 | -€32,260 | -70.1% |
| Taxes | 450/3 | €46,046 | €13,787 | -€32,260 | -70.1% |
| Other amounts payable | 47/48 | €25,754 | €435,901 | +€410,147 | +1,593% |
| Remuneration, social security and pensions | 62 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,283 | €28,464 | -€36,819 | -56.4% |
| Other operating charges | 640/8 | €1,517 | €57,923 | +€56,406 | +3,718% |
| Gross operating margin | 9900 | €135,797 | €79,242 | -€56,555 | -41.6% |
| Operating profit (loss) | 9901 | €68,997 | -€7,187 | -€76,184 | |
| Financial income | 75/76B | €2 | €2 | -€0 | -3.0% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -3.0% |
| Financial charges | 65/66B | €1,804 | €31,003 | +€29,199 | +1,619% |
| Recurring financial charges | 65 | €1,804 | €31,003 | +€29,199 | +1,619% |
| Profit (loss) for the period before taxes | 9903 | €67,196 | -€38,188 | -€105,384 | |
| Income taxes | 67/77 | €13,649 | €5,000 | -€8,649 | -63.4% |
| Profit (loss) for the period | 9904 | €53,547 | -€43,188 | -€96,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,547 | -€43,188 | -€96,735 |
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 26 October 2026 via checked.be.