MD Métal: what changed
MD Métal
Largest movements
- Cash -€125,515
down €125,515 (-41.7%), from €301,322 to €175,807
mainly Investment in fixed assets (net) (-€144,176) and Trade debts (-€106,824)
- Tangible fixed assets +€96,488
up €96,488 (+29.3%), from €329,552 to €426,040
of which Furniture and vehicles: +€103,852
- Receivables within one year -€34,634
down €34,634 (-8.6%), from €400,525 to €365,892
of which Other amounts receivable: -€36,028
- Stocks and contracts +€10,389
up €10,389 (+418%), from €2,485 to €12,874
- Trade debts -€106,824
down €106,824 (-25.6%), from €417,693 to €310,868
- Debts after one year +€47,148
up €47,148 (+15.3%), from €307,502 to €354,649
- Profit (loss) carried forward +€39,197
up €39,197 (+22.7%), from €172,995 to €212,192
- Other debts -€31,456
down €31,456 (-52.9%), from €59,500 to €28,044
- Current portion of long-term debt +€18,992
up €18,992 (+76.9%), from €24,701 to €43,692
- Gross operating margin -€148,662
down €148,662 (-37.8%), from €393,341 to €244,679
- Taxes -€31,134
down €31,134 (-64.9%), from €47,983 to €16,850
- Staff costs -€19,417
down €19,417 (-17.7%), from €109,520 to €90,103
- Depreciation +€15,665
up €15,665 (+53.3%), from €29,392 to €45,057
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,037,807 | €988,949 | -€48,858 | -4.7% |
| Fixed assets | 21/28 | €329,674 | €428,793 | +€99,119 | +30.1% |
| Intangible fixed assets | 21 | - | €2,631 | +€2,631 | |
| Tangible fixed assets | 22/27 | €329,552 | €426,040 | +€96,488 | +29.3% |
| Land and buildings | 22 | €312,030 | €300,370 | -€11,660 | -3.7% |
| Plant, machinery and equipment | 23 | €12,911 | €17,208 | +€4,297 | +33.3% |
| Furniture and vehicles | 24 | €4,611 | €108,462 | +€103,852 | +2,252% |
| Financial fixed assets | 28 | €122 | €122 | = | 0.0% |
| Current assets | 29/58 | €708,133 | €560,157 | -€147,976 | -20.9% |
| Stocks and contracts in progress | 3 | €2,485 | €12,874 | +€10,389 | +418% |
| Stocks | 30/36 | €2,485 | €12,874 | +€10,389 | +418% |
| Amounts receivable within one year | 40/41 | €400,525 | €365,892 | -€34,634 | -8.6% |
| Trade receivables | 40 | €277,317 | €278,711 | +€1,395 | +0.5% |
| Other amounts receivable | 41 | €123,208 | €87,180 | -€36,028 | -29.2% |
| Cash at bank and in hand | 54/58 | €301,322 | €175,807 | -€125,515 | -41.7% |
| Deferred charges and accrued income | 490/1 | €3,801 | €5,584 | +€1,783 | +46.9% |
| Total equity and liabilities | 10/49 | €1,037,807 | €988,949 | -€48,858 | -4.7% |
| Equity | 10/15 | €182,995 | €222,192 | +€39,197 | +21.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,995 | €212,192 | +€39,197 | +22.7% |
| Amounts payable | 17/49 | €854,812 | €766,758 | -€88,054 | -10.3% |
| Amounts payable after more than one year | 17 | €307,502 | €354,649 | +€47,148 | +15.3% |
| Financial debts | 170/4 | €307,502 | €354,649 | +€47,148 | +15.3% |
| Amounts payable within one year | 42/48 | €547,310 | €411,983 | -€135,327 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €24,701 | €43,692 | +€18,992 | +76.9% |
| Financial debts | 43 | - | €36 | +€36 | |
| Credit institutions | 430/8 | - | €36 | +€36 | |
| Trade debts | 44 | €417,693 | €310,868 | -€106,824 | -25.6% |
| Suppliers | 440/4 | €417,693 | €310,868 | -€106,824 | -25.6% |
| Taxes, remuneration and social security | 45 | €45,417 | €29,342 | -€16,075 | -35.4% |
| Taxes | 450/3 | €40,996 | €24,052 | -€16,944 | -41.3% |
| Remuneration and social security | 454/9 | €4,421 | €5,290 | +€870 | +19.7% |
| Other amounts payable | 47/48 | €59,500 | €28,044 | -€31,456 | -52.9% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Remuneration, social security and pensions | 62 | €109,520 | €90,103 | -€19,417 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,392 | €45,057 | +€15,665 | +53.3% |
| Other operating charges | 640/8 | €3,875 | €7,174 | +€3,299 | +85.1% |
| Gross operating margin | 9900 | €393,341 | €244,679 | -€148,662 | -37.8% |
| Operating profit (loss) | 9901 | €250,555 | €102,345 | -€148,210 | -59.2% |
| Financial income | 75/76B | €1,324 | €11 | -€1,313 | -99.2% |
| Recurring financial income | 75 | €1,324 | €11 | -€1,313 | -99.2% |
| Financial charges | 65/66B | €24,510 | €26,310 | +€1,800 | +7.3% |
| Recurring financial charges | 65 | €24,510 | €26,310 | +€1,800 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €227,368 | €76,046 | -€151,322 | -66.6% |
| Income taxes | 67/77 | €47,983 | €16,850 | -€31,134 | -64.9% |
| Profit (loss) for the period | 9904 | €179,385 | €59,197 | -€120,188 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €179,385 | €59,197 | -€120,188 | -67.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.