M&M 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.
M&M METAL
Largest movements
- Receivables within one year -€12,644
down €12,644 (-28.5%), from €44,373 to €31,729
of which Trade receivables: -€17,918
- Stocks and contracts +€8,836
up €8,836 (+178%), from €4,974 to €13,810
- Cash -€5,022
down €5,022 (-31.2%), from €16,112 to €11,090
mainly Trade debts (-€10,863) and Stocks and contracts (-€8,836)
- Tangible fixed assets +€2,018
up €2,018 (+69.2%), from €2,916 to €4,935
of which Furniture and vehicles: +€2,318
- Financial fixed assets -€800
no longer reported in 2025 (was €800)
- Trade debts -€10,863
down €10,863 (-59.4%), from €18,274 to €7,410
- Other debts +€6,000
new in 2025: €6,000
- Profit (loss) carried forward -€3,282
down €3,282 (-6.6%), from €49,434 to €46,153
- Gross operating margin -€7,898
down €7,898 (-39.4%), from €20,021 to €12,123
- Taxes +€4,048
up €4,048 (+244%), from €1,657 to €5,705
- Financial charges -€3,478
down €3,478 (-80.7%), from €4,307 to €829
- Depreciation -€1,686
down €1,686 (-44.4%), from €3,800 to €2,114
- Other operating charges +€244
up €244 (+46.9%), from €519 to €762
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 | €69,708 | €61,563 | -€8,145 | -11.7% |
| Fixed assets | 21/28 | €3,716 | €4,935 | +€1,218 | +32.8% |
| Tangible fixed assets | 22/27 | €2,916 | €4,935 | +€2,018 | +69.2% |
| Plant, machinery and equipment | 23 | €1,200 | €900 | -€300 | -25.0% |
| Furniture and vehicles | 24 | €1,716 | €4,035 | +€2,318 | +135% |
| Financial fixed assets | 28 | €800 | - | -€800 | |
| Current assets | 29/58 | €65,992 | €56,628 | -€9,364 | -14.2% |
| Stocks and contracts in progress | 3 | €4,974 | €13,810 | +€8,836 | +178% |
| Stocks | 30/36 | €4,974 | €13,810 | +€8,836 | +178% |
| Amounts receivable within one year | 40/41 | €44,373 | €31,729 | -€12,644 | -28.5% |
| Trade receivables | 40 | €32,197 | €14,279 | -€17,918 | -55.7% |
| Other amounts receivable | 41 | €12,176 | €17,450 | +€5,273 | +43.3% |
| Cash at bank and in hand | 54/58 | €16,112 | €11,090 | -€5,022 | -31.2% |
| Deferred charges and accrued income | 490/1 | €533 | - | -€533 | |
| Total equity and liabilities | 10/49 | €69,708 | €61,563 | -€8,145 | -11.7% |
| Equity | 10/15 | €51,434 | €48,153 | -€3,282 | -6.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Share premium | 1100/10 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,434 | €46,153 | -€3,282 | -6.6% |
| Amounts payable | 17/49 | €18,274 | €13,410 | -€4,863 | -26.6% |
| Amounts payable within one year | 42/48 | €18,274 | €13,410 | -€4,863 | -26.6% |
| Trade debts | 44 | €18,274 | €7,410 | -€10,863 | -59.4% |
| Suppliers | 440/4 | €18,274 | €7,410 | -€10,863 | -59.4% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €2,114 | -€1,686 | -44.4% |
| Other operating charges | 640/8 | €519 | €762 | +€244 | +46.9% |
| Gross operating margin | 9900 | €20,021 | €12,123 | -€7,898 | -39.4% |
| Operating profit (loss) | 9901 | €15,702 | €9,247 | -€6,456 | -41.1% |
| Financial income | 75/76B | €0 | €6 | +€6 | +3,021% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +3,021% |
| Financial charges | 65/66B | €4,307 | €829 | -€3,478 | -80.7% |
| Recurring financial charges | 65 | €4,307 | €829 | -€3,478 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €11,396 | €8,423 | -€2,972 | -26.1% |
| Income taxes | 67/77 | €1,657 | €5,705 | +€4,048 | +244% |
| Profit (loss) for the period | 9904 | €9,739 | €2,718 | -€7,020 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,739 | €2,718 | -€7,020 | -72.1% |
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 20 October 2026 via checked.be.