MB 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.
MB METAL
Largest movements
- Cash +€15,362
up €15,362 (+40.4%), from €38,057 to €53,419
mainly Other debts (+€11,829) and Depreciation (+€10,362)
- Receivables within one year +€12,807
up €12,807 (+42.7%), from €30,016 to €42,823
of which Trade receivables: +€12,471
- Stocks and contracts -€8,490
down €8,490 (-63.2%), from €13,440 to €4,950
- Tangible fixed assets -€2,268
down €2,268 (-6.7%), from €33,650 to €31,382
of which Land and buildings: -€7,325
- Other debts +€11,829
up €11,829 (+382%), from €3,093 to €14,922
- Trade debts +€5,921
up €5,921 (+47.0%), from €12,605 to €18,526
- Tax, wage and social debts +€2,190
up €2,190 (+41.0%), from €5,337 to €7,527
of which Remuneration and social security: +€2,463
- Staff costs +€21,442
up €21,442 (+49.8%), from €43,055 to €64,497
- Gross operating margin +€9,743
up €9,743 (+13.7%), from €71,359 to €81,102
- Other operating charges -€7,474
down €7,474 (-77.8%), from €9,609 to €2,135
- Taxes -€2,204
down €2,204 (-85.7%), from €2,573 to €369
- Provisions +€1,507
up €1,507 (+45.0%), from €3,351 to €4,858
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 | €117,141 | €135,144 | +€18,003 | +15.4% |
| Fixed assets | 21/28 | €33,910 | €31,642 | -€2,268 | -6.7% |
| Tangible fixed assets | 22/27 | €33,650 | €31,382 | -€2,268 | -6.7% |
| Land and buildings | 22 | €28,826 | €21,501 | -€7,325 | -25.4% |
| Plant, machinery and equipment | 23 | €3,646 | €7,657 | +€4,011 | +110% |
| Furniture and vehicles | 24 | €1,179 | €2,224 | +€1,045 | +88.6% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €83,230 | €103,502 | +€20,272 | +24.4% |
| Stocks and contracts in progress | 3 | €13,440 | €4,950 | -€8,490 | -63.2% |
| Stocks | 30/36 | €13,440 | €4,950 | -€8,490 | -63.2% |
| Amounts receivable within one year | 40/41 | €30,016 | €42,823 | +€12,807 | +42.7% |
| Trade receivables | 40 | €20,493 | €32,964 | +€12,471 | +60.9% |
| Other amounts receivable | 41 | €9,523 | €9,859 | +€335 | +3.5% |
| Cash at bank and in hand | 54/58 | €38,057 | €53,419 | +€15,362 | +40.4% |
| Deferred charges and accrued income | 490/1 | €1,717 | €2,310 | +€593 | +34.5% |
| Total equity and liabilities | 10/49 | €117,141 | €135,144 | +€18,003 | +15.4% |
| Equity | 10/15 | €95,484 | €94,153 | -€1,331 | -1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €68,117 | €68,117 | = | 0.0% |
| Distributable reserves | 133 | €68,117 | €68,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,967 | €13,636 | -€1,331 | -8.9% |
| Amounts payable | 17/49 | €21,657 | €40,991 | +€19,335 | +89.3% |
| Amounts payable within one year | 42/48 | €21,657 | €40,974 | +€19,318 | +89.2% |
| Trade debts | 44 | €12,605 | €18,526 | +€5,921 | +47.0% |
| Suppliers | 440/4 | €12,605 | €18,526 | +€5,921 | +47.0% |
| Advances received on contracts in progress | 46 | €622 | - | -€622 | |
| Taxes, remuneration and social security | 45 | €5,337 | €7,527 | +€2,190 | +41.0% |
| Taxes | 450/3 | €273 | - | -€273 | |
| Remuneration and social security | 454/9 | €5,064 | €7,527 | +€2,463 | +48.6% |
| Other amounts payable | 47/48 | €3,093 | €14,922 | +€11,829 | +382% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €43,055 | €64,497 | +€21,442 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,020 | €10,362 | +€343 | +3.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,351 | €4,858 | +€1,507 | +45.0% |
| Other operating charges | 640/8 | €9,609 | €2,135 | -€7,474 | -77.8% |
| Gross operating margin | 9900 | €71,359 | €81,102 | +€9,743 | +13.7% |
| Operating profit (loss) | 9901 | €5,324 | -€751 | -€6,075 | |
| Financial income | 75/76B | €163 | €4 | -€159 | -97.8% |
| Recurring financial income | 75 | €163 | €4 | -€159 | -97.8% |
| Financial charges | 65/66B | €186 | €215 | +€29 | +15.5% |
| Recurring financial charges | 65 | €186 | €215 | +€29 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €5,301 | -€963 | -€6,264 | |
| Income taxes | 67/77 | €2,573 | €369 | -€2,204 | -85.7% |
| Profit (loss) for the period | 9904 | €2,728 | -€1,331 | -€4,060 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,728 | -€1,331 | -€4,060 |
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 15 October 2026 via checked.be.