Het Metaal: 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.
What changed
Het Metaal
NACE 46.820, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€241,768
2024 · €121,588+€120,180
Equity
€2.1m
2024 · €1.8m+€255,269
Cash
€609,916
2024 · €556,147+€53,769
Balance sheet total
€2.6m
2024 · €2.5m+€113,038
Largest movements
Assets
- Current investments +€194,092
up €194,092 (+27.4%), from €708,040 to €902,132
- Stocks and contracts -€94,826
down €94,826 (-20.5%), from €463,252 to €368,426
- Tangible fixed assets -€58,660
down €58,660 (-14.5%), from €404,480 to €345,820
- Cash +€53,769
up €53,769 (+9.7%), from €556,147 to €609,916
mainly Net result for the year (+€241,768) and Depreciation (+€158,179)
Equity and liabilities
- Profit (loss) carried forward +€264,414
up €264,414, from €0 to €264,414
- Debts after one year -€43,750
down €43,750 (-100.0%), from €43,750 to €0
- Advances received -€35,412
down €35,412 (-99.6%), from €35,556 to €144
- Trade debts -€32,670
down €32,670 (-16.1%), from €202,581 to €169,912
Income statement
- Gross operating margin +€74,783
up €74,783 (+11.7%), from €639,699 to €714,482
- Staff costs -€40,842
down €40,842 (-14.6%), from €280,480 to €239,638
- Financial income -€21,937
down €21,937 (-31.7%), from €69,279 to €47,342
- Financial charges -€21,403
down €21,403 (-40.7%), from €52,597 to €31,194
- Other operating charges -€11,149
down €11,149 (-29.7%), from €37,488 to €26,339
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.
Result 2024
€121,588
Gross operating margin
+€74,783
Staff costs
+€40,842
Depreciation
-€4,189
Write-downs
-€1,873
Other operating charges
+€11,149
Other operating items
+€2,334
Financial income
-€21,937
Financial charges
+€21,403
Taxes
-€2,333
Result 2025
€241,768
Cash bridge derived
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.
From operations
+€388,523
Investment
-€295,755
Financing
-€38,999
Cash 2024
€556,147
From operations (derived)
+€388,523
Net result for the year
+€241,768
Depreciation
+€158,179
Stocks and contracts
+€94,826
Receivables within one year
-€17,034
Deferred charges and accrued income
+€514
Provisions
-€19,018
Trade debts
-€32,670
Tax, wage and social debts
+€12,619
Advances received
-€35,412
Accrued charges and deferred income
-€15,251
Investment (derived)
-€295,755
Investment in fixed assets (net)
-€101,663
Current investments
-€194,092
Financing
-€38,999
Debts after one year
-€43,750
Current portion of long-term debt
-€8,750
Contributions, distributions and other
+€13,501
Cash 2025
€609,916
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,456,474 | €2,569,512 | +€113,038 | +4.6% |
| Fixed assets | 21/28 | €410,150 | €353,634 | -€56,516 | -13.8% |
| Intangible fixed assets | 21 | €5,536 | €7,679 | +€2,143 | +38.7% |
| Tangible fixed assets | 22/27 | €404,480 | €345,820 | -€58,660 | -14.5% |
| Land and buildings | 22 | €287,110 | €260,382 | -€26,728 | -9.3% |
| Plant, machinery and equipment | 23 | €66,663 | €57,055 | -€9,608 | -14.4% |
| Furniture and vehicles | 24 | €50,706 | €28,383 | -€22,323 | -44.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €2,046,324 | €2,215,879 | +€169,555 | +8.3% |
| Stocks and contracts in progress | 3 | €463,252 | €368,426 | -€94,826 | -20.5% |
| Stocks | 30/36 | €463,252 | €368,426 | -€94,826 | -20.5% |
| Amounts receivable within one year | 40/41 | €310,790 | €327,823 | +€17,034 | +5.5% |
| Trade receivables | 40 | €265,028 | €327,823 | +€62,795 | +23.7% |
| Other amounts receivable | 41 | €45,761 | €0 | -€45,761 | -100.0% |
| Current investments | 50/53 | €708,040 | €902,132 | +€194,092 | +27.4% |
| Cash at bank and in hand | 54/58 | €556,147 | €609,916 | +€53,769 | +9.7% |
| Deferred charges and accrued income | 490/1 | €8,096 | €7,582 | -€514 | -6.3% |
| Total equity and liabilities | 10/49 | €2,456,474 | €2,569,512 | +€113,038 | +4.6% |
| Equity | 10/15 | €1,844,795 | €2,100,063 | +€255,269 | +13.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,783,295 | €1,774,149 | -€9,146 | -0.5% |
| Non-distributable reserves | 130/1 | €14,200 | €14,200 | = | 0.0% |
| Legal reserve | 130 | €14,200 | €14,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,146 | €0 | -€9,146 | -100.0% |
| Distributable reserves | 133 | €1,759,949 | €1,759,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €264,414 | +€264,414 | |
| Provisions and deferred taxes | 16 | €19,018 | €0 | -€19,018 | -100.0% |
| Deferred taxes | 168 | €19,018 | €0 | -€19,018 | -100.0% |
| Amounts payable | 17/49 | €592,662 | €469,449 | -€123,213 | -20.8% |
| Amounts payable after more than one year | 17 | €43,750 | €0 | -€43,750 | -100.0% |
| Financial debts | 170/4 | €43,750 | €0 | -€43,750 | -100.0% |
| Amounts payable within one year | 42/48 | €533,661 | €469,449 | -€64,212 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €52,500 | €43,750 | -€8,750 | -16.7% |
| Trade debts | 44 | €202,581 | €169,912 | -€32,670 | -16.1% |
| Suppliers | 440/4 | €202,581 | €169,912 | -€32,670 | -16.1% |
| Advances received on contracts in progress | 46 | €35,556 | €144 | -€35,412 | -99.6% |
| Taxes, remuneration and social security | 45 | €65,841 | €78,460 | +€12,619 | +19.2% |
| Taxes | 450/3 | €30,250 | €51,749 | +€21,499 | +71.1% |
| Remuneration and social security | 454/9 | €35,591 | €26,712 | -€8,879 | -24.9% |
| Other amounts payable | 47/48 | €177,182 | €177,182 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,251 | €0 | -€15,251 | -100.0% |
| Non-recurring operating income | 76A | €1,309 | €54,035 | +€52,726 | +4028.0% |
| Remuneration, social security and pensions | 62 | €280,480 | €239,638 | -€40,842 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,991 | €158,179 | +€4,189 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,873 | +€1,873 | |
| Other operating charges | 640/8 | €37,488 | €26,339 | -€11,149 | -29.7% |
| Non-recurring operating charges | 66A | €2,334 | €0 | -€2,334 | -100.0% |
| Gross operating margin | 9900 | €639,699 | €714,482 | +€74,783 | +11.7% |
| Operating profit (loss) | 9901 | €165,406 | €288,453 | +€123,047 | +74.4% |
| Financial income | 75/76B | €69,279 | €47,342 | -€21,937 | -31.7% |
| Recurring financial income | 75 | €69,279 | €47,342 | -€21,937 | -31.7% |
| Financial charges | 65/66B | €52,597 | €31,194 | -€21,403 | -40.7% |
| Recurring financial charges | 65 | €52,597 | €31,194 | -€21,403 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €182,088 | €304,601 | +€122,513 | +67.3% |
| Transfer from deferred taxes | 780 | €5,517 | €5,517 | = | 0.0% |
| Income taxes | 67/77 | €66,017 | €68,350 | +€2,333 | +3.5% |
| Profit (loss) for the period | 9904 | €121,588 | €241,768 | +€120,180 | +98.8% |
| Transfer from tax-exempt reserves | 789 | €16,550 | €22,646 | +€6,096 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €138,138 | €264,414 | +€126,277 | +91.4% |
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 11 October 2026 via checked.be.