METAALCONSTRUCTIE RECOUR: 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 RECOUR
Largest movements
- Tangible fixed assets +€27,747
up €27,747 (+30.9%), from €89,932 to €117,679
of which Land and buildings: +€46,074
- Receivables within one year -€25,128
down €25,128 (-62.9%), from €39,966 to €14,838
of which Trade receivables: -€25,128
- Trade debts +€15,009
up €15,009 (+1,079%), from €1,391 to €16,400
- Debts after one year -€10,300
down €10,300 (-36.4%), from €28,325 to €18,025
- Other debts -€6,321
down €6,321 (-12.8%), from €49,245 to €42,925
- Tax, wage and social debts +€3,580
up €3,580 (+55.6%), from €6,441 to €10,021
- Reserves +€1,567
up €1,567 (+5.3%), from €29,443 to €31,010
- Gross operating margin -€2,474
down €2,474 (-6.9%), from €35,765 to €33,291
- Taxes -€2,095
down €2,095 (-63.9%), from €3,278 to €1,183
- Depreciation +€1,260
up €1,260 (+5.4%), from €23,370 to €24,630
- Other operating charges +€633
up €633 (+56.8%), from €1,114 to €1,747
- Financial charges -€567
down €567 (-12.0%), from €4,739 to €4,173
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 | €130,144 | €133,680 | +€3,536 | +2.7% |
| Fixed assets | 21/28 | €89,932 | €117,679 | +€27,747 | +30.9% |
| Tangible fixed assets | 22/27 | €89,932 | €117,679 | +€27,747 | +30.9% |
| Land and buildings | 22 | €7,441 | €53,516 | +€46,074 | +619% |
| Plant, machinery and equipment | 23 | €17,472 | €13,569 | -€3,903 | -22.3% |
| Furniture and vehicles | 24 | €65,018 | €50,594 | -€14,424 | -22.2% |
| Current assets | 29/58 | €40,212 | €16,001 | -€24,211 | -60.2% |
| Amounts receivable within one year | 40/41 | €39,966 | €14,838 | -€25,128 | -62.9% |
| Trade receivables | 40 | €39,966 | €14,838 | -€25,128 | -62.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €246 | €1,163 | +€917 | +372% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €130,144 | €133,680 | +€3,536 | +2.7% |
| Equity | 10/15 | €34,443 | €36,010 | +€1,567 | +4.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,443 | €31,010 | +€1,567 | +5.3% |
| Distributable reserves | 133 | €29,443 | €31,010 | +€1,567 | +5.3% |
| Amounts payable | 17/49 | €95,702 | €97,671 | +€1,969 | +2.1% |
| Amounts payable after more than one year | 17 | €28,325 | €18,025 | -€10,300 | -36.4% |
| Financial debts | 170/4 | €28,325 | €18,025 | -€10,300 | -36.4% |
| Amounts payable within one year | 42/48 | €67,377 | €79,646 | +€12,269 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €10,300 | €10,300 | = | 0.0% |
| Trade debts | 44 | €1,391 | €16,400 | +€15,009 | +1,079% |
| Suppliers | 440/4 | €1,391 | €16,400 | +€15,009 | +1,079% |
| Taxes, remuneration and social security | 45 | €6,441 | €10,021 | +€3,580 | +55.6% |
| Taxes | 450/3 | €6,441 | €10,021 | +€3,580 | +55.6% |
| Other amounts payable | 47/48 | €49,245 | €42,925 | -€6,321 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,370 | €24,630 | +€1,260 | +5.4% |
| Other operating charges | 640/8 | €1,114 | €1,747 | +€633 | +56.8% |
| Gross operating margin | 9900 | €35,765 | €33,291 | -€2,474 | -6.9% |
| Operating profit (loss) | 9901 | €11,281 | €6,914 | -€4,367 | -38.7% |
| Financial income | 75/76B | €15 | €8 | -€7 | -43.5% |
| Recurring financial income | 75 | €15 | €8 | -€7 | -43.5% |
| Financial charges | 65/66B | €4,739 | €4,173 | -€567 | -12.0% |
| Recurring financial charges | 65 | €4,739 | €4,173 | -€567 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €6,557 | €2,750 | -€3,807 | -58.1% |
| Income taxes | 67/77 | €3,278 | €1,183 | -€2,095 | -63.9% |
| Profit (loss) for the period | 9904 | €3,279 | €1,567 | -€1,712 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,279 | €1,567 | -€1,712 | -52.2% |
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 18 October 2026 via checked.be.