METAALCONSTRUCTIE INGHELBRECHT: 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.
METAALCONSTRUCTIE INGHELBRECHT
Largest movements
- Cash -€78,223
down €78,223 (-57.6%), from €135,834 to €57,612
mainly Contributions, distributions and other (-€178,491) and Receivables within one year (-€53,106)
- Receivables within one year +€53,106
up €53,106 (+103%), from €51,811 to €104,917
of which Trade receivables: +€44,099
- Tangible fixed assets -€16,266
down €16,266 (-12.5%), from €129,654 to €113,388
of which Land and buildings: -€14,111
- Reserves -€151,334
down €151,334 (-55.4%), from €273,142 to €121,808
- Other debts +€130,882
up €130,882 (+6,090%), from €2,149 to €133,031
- Debts after one year -€16,400
down €16,400 (-38.7%), from €42,367 to €25,967
- Tax, wage and social debts -€9,188
down €9,188 (-77.2%), from €11,903 to €2,716
of which Remuneration and social security: -€7,200
- Gross operating margin -€25,839
down €25,839 (-29.1%), from €88,695 to €62,856
- Taxes -€11,701
down €11,701 (-53.6%), from €21,848 to €10,147
- Financial income -€4,920
down €4,920 (-99.4%), from €4,948 to €28
- Depreciation +€1,260
up €1,260 (+6.8%), from €18,400 to €19,660
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 | €434,293 | €390,812 | -€43,481 | -10.0% |
| Fixed assets | 21/28 | €129,694 | €113,428 | -€16,266 | -12.5% |
| Tangible fixed assets | 22/27 | €129,654 | €113,388 | -€16,266 | -12.5% |
| Land and buildings | 22 | €105,667 | €91,555 | -€14,111 | -13.4% |
| Plant, machinery and equipment | 23 | €23,987 | €21,833 | -€2,155 | -9.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €304,599 | €277,384 | -€27,215 | -8.9% |
| Stocks and contracts in progress | 3 | €24,000 | €21,000 | -€3,000 | -12.5% |
| Stocks | 30/36 | €24,000 | €21,000 | -€3,000 | -12.5% |
| Amounts receivable within one year | 40/41 | €51,811 | €104,917 | +€53,106 | +103% |
| Trade receivables | 40 | €45,258 | €89,357 | +€44,099 | +97.4% |
| Other amounts receivable | 41 | €6,553 | €15,560 | +€9,007 | +137% |
| Current investments | 50/53 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,834 | €57,612 | -€78,223 | -57.6% |
| Deferred charges and accrued income | 490/1 | €2,954 | €3,856 | +€901 | +30.5% |
| Total equity and liabilities | 10/49 | €434,293 | €390,812 | -€43,481 | -10.0% |
| Equity | 10/15 | €348,142 | €196,808 | -€151,334 | -43.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €273,142 | €121,808 | -€151,334 | -55.4% |
| Distributable reserves | 133 | €273,142 | €121,808 | -€151,334 | -55.4% |
| Amounts payable | 17/49 | €86,151 | €194,005 | +€107,853 | +125% |
| Amounts payable after more than one year | 17 | €42,367 | €25,967 | -€16,400 | -38.7% |
| Financial debts | 170/4 | €42,367 | €25,967 | -€16,400 | -38.7% |
| Amounts payable within one year | 42/48 | €43,785 | €168,038 | +€124,253 | +284% |
| Current portion of amounts payable after more than one year | 42 | €16,400 | €16,400 | = | 0.0% |
| Trade debts | 44 | €13,332 | €15,892 | +€2,559 | +19.2% |
| Suppliers | 440/4 | €13,332 | €15,892 | +€2,559 | +19.2% |
| Taxes, remuneration and social security | 45 | €11,903 | €2,716 | -€9,188 | -77.2% |
| Taxes | 450/3 | €4,703 | €2,716 | -€1,988 | -42.3% |
| Remuneration and social security | 454/9 | €7,200 | - | -€7,200 | |
| Other amounts payable | 47/48 | €2,149 | €133,031 | +€130,882 | +6,090% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,400 | €19,660 | +€1,260 | +6.8% |
| Other operating charges | 640/8 | €3,780 | €3,784 | +€4 | +0.1% |
| Gross operating margin | 9900 | €88,695 | €62,856 | -€25,839 | -29.1% |
| Operating profit (loss) | 9901 | €66,515 | €39,412 | -€27,103 | -40.7% |
| Financial income | 75/76B | €4,948 | €28 | -€4,920 | -99.4% |
| Recurring financial income | 75 | €4,948 | €28 | -€4,920 | -99.4% |
| Financial charges | 65/66B | €2,712 | €2,135 | -€577 | -21.3% |
| Recurring financial charges | 65 | €2,712 | €2,135 | -€577 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €68,751 | €37,304 | -€31,446 | -45.7% |
| Income taxes | 67/77 | €21,848 | €10,147 | -€11,701 | -53.6% |
| Profit (loss) for the period | 9904 | €46,903 | €27,157 | -€19,746 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,903 | €27,157 | -€19,746 | -42.1% |
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 19 October 2026 via checked.be.