MERTENS 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.
MERTENS METAAL
Largest movements
- Cash +€89,371
up €89,371 (+33.4%), from €267,539 to €356,910
mainly Other debts (+€95,829) and Depreciation (+€95,285)
- Tangible fixed assets -€32,621
down €32,621 (-7.2%), from €451,838 to €419,217
of which Plant, machinery and equipment: -€49,797
- Receivables within one year -€28,528
down €28,528 (-30.9%), from €92,322 to €63,795
of which Trade receivables: -€21,063
- Current investments +€12,042
new in 2025: €12,042
- Other debts +€95,829
up €95,829 (+931%), from €10,296 to €106,124
- Trade debts -€25,623
down €25,623 (-51.9%), from €49,330 to €23,707
- Debts after one year -€23,260
down €23,260 (-6.2%), from €376,978 to €353,718
- Depreciation -€7,444
down €7,444 (-7.2%), from €102,729 to €95,285
- Gross operating margin +€5,625
up €5,625 (+2.4%), from €232,857 to €238,482
- Taxes +€3,930
up €3,930 (+12.1%), from €32,535 to €36,465
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 | €867,082 | €911,099 | +€44,016 | +5.1% |
| Fixed assets | 21/28 | €452,857 | €420,236 | -€32,621 | -7.2% |
| Tangible fixed assets | 22/27 | €451,838 | €419,217 | -€32,621 | -7.2% |
| Land and buildings | 22 | €237,040 | €223,308 | -€13,732 | -5.8% |
| Plant, machinery and equipment | 23 | €192,279 | €142,483 | -€49,797 | -25.9% |
| Furniture and vehicles | 24 | €22,519 | €53,427 | +€30,908 | +137% |
| Financial fixed assets | 28 | €1,019 | €1,019 | = | 0.0% |
| Current assets | 29/58 | €414,225 | €490,862 | +€76,637 | +18.5% |
| Stocks and contracts in progress | 3 | €51,607 | €53,576 | +€1,969 | +3.8% |
| Stocks | 30/36 | €41,713 | €35,285 | -€6,429 | -15.4% |
| Contracts in progress | 37 | €9,894 | €18,292 | +€8,398 | +84.9% |
| Amounts receivable within one year | 40/41 | €92,322 | €63,795 | -€28,528 | -30.9% |
| Trade receivables | 40 | €84,857 | €63,795 | -€21,063 | -24.8% |
| Other amounts receivable | 41 | €7,465 | - | -€7,465 | |
| Current investments | 50/53 | - | €12,042 | +€12,042 | |
| Cash at bank and in hand | 54/58 | €267,539 | €356,910 | +€89,371 | +33.4% |
| Deferred charges and accrued income | 490/1 | €2,756 | €4,539 | +€1,782 | +64.7% |
| Total equity and liabilities | 10/49 | €867,082 | €911,099 | +€44,016 | +5.1% |
| Equity | 10/15 | €388,999 | €384,760 | -€4,239 | -1.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €388,899 | €384,660 | -€4,239 | -1.1% |
| Distributable reserves | 133 | €388,899 | €384,660 | -€4,239 | -1.1% |
| Amounts payable | 17/49 | €478,083 | €526,339 | +€48,256 | +10.1% |
| Amounts payable after more than one year | 17 | €376,978 | €353,718 | -€23,260 | -6.2% |
| Financial debts | 170/4 | €376,978 | €353,718 | -€23,260 | -6.2% |
| Amounts payable within one year | 42/48 | €101,095 | €172,605 | +€71,510 | +70.7% |
| Current portion of amounts payable after more than one year | 42 | €27,769 | €28,260 | +€491 | +1.8% |
| Trade debts | 44 | €49,330 | €23,707 | -€25,623 | -51.9% |
| Suppliers | 440/4 | €49,330 | €23,707 | -€25,623 | -51.9% |
| Taxes, remuneration and social security | 45 | €13,701 | €14,514 | +€813 | +5.9% |
| Taxes | 450/3 | €13,701 | €14,514 | +€813 | +5.9% |
| Other amounts payable | 47/48 | €10,296 | €106,124 | +€95,829 | +931% |
| Accrued charges and deferred income | 492/3 | €10 | €16 | +€6 | +58.9% |
| Non-recurring operating income | 76A | €163 | €7,624 | +€7,460 | +4,563% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,729 | €95,285 | -€7,444 | -7.2% |
| Other operating charges | 640/8 | €286 | €608 | +€322 | +113% |
| Gross operating margin | 9900 | €232,857 | €238,482 | +€5,625 | +2.4% |
| Operating profit (loss) | 9901 | €129,841 | €142,589 | +€12,748 | +9.8% |
| Financial income | 75/76B | €3,096 | €3,112 | +€17 | +0.5% |
| Recurring financial income | 75 | €3,096 | €3,112 | +€17 | +0.5% |
| Financial charges | 65/66B | €16,894 | €15,372 | -€1,522 | -9.0% |
| Recurring financial charges | 65 | €16,894 | €15,372 | -€1,522 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €116,043 | €130,330 | +€14,287 | +12.3% |
| Income taxes | 67/77 | €32,535 | €36,465 | +€3,930 | +12.1% |
| Profit (loss) for the period | 9904 | €83,508 | €93,865 | +€10,357 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,508 | €93,865 | +€10,357 | +12.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.