METAALCONSTRUCTIE VANHAESEBROUCK: 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 VANHAESEBROUCK
Largest movements
- Cash +€146,176
up €146,176 (+50.1%), from €291,538 to €437,714
mainly Net result for the year (+€161,582) and Depreciation (+€78,178)
- Tangible fixed assets +€43,206
up €43,206 (+19.2%), from €225,370 to €268,575
of which Furniture and vehicles: +€46,999
- Stocks and contracts +€26,056
up €26,056 (+16.7%), from €156,467 to €182,523
of which Contracts in progress: +€24,643
- Receivables within one year +€15,609
up €15,609 (+13.2%), from €118,073 to €133,682
of which Other amounts receivable: +€29,054
- Reserves +€161,582
up €161,582 (+58.9%), from €274,182 to €435,764
of which Distributable reserves: +€161,582
- Tax, wage and social debts +€63,757
up €63,757 (+75.3%), from €84,653 to €148,410
of which Taxes: +€48,704
- Debts after one year -€33,231
down €33,231 (-21.9%), from €151,865 to €118,635
- Trade debts +€13,501
up €13,501 (+6.7%), from €200,854 to €214,354
- Advances received +€10,360
up €10,360, from €0 to €10,360
- Gross operating margin +€246,544
up €246,544 (+48.1%), from €512,937 to €759,481
- Taxes +€45,107
up €45,107 (+710%), from €6,356 to €51,463
- Staff costs +€36,804
up €36,804 (+8.7%), from €421,343 to €458,147
- Depreciation +€25,090
up €25,090 (+47.3%), from €53,088 to €78,178
- Write-downs +€12,087
up €12,087 (+69.4%), from -€17,413 to -€5,326
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 | €804,756 | €1,030,978 | +€226,223 | +28.1% |
| Fixed assets | 21/28 | €230,118 | €272,343 | +€42,226 | +18.3% |
| Intangible fixed assets | 21 | €3,944 | €2,964 | -€980 | -24.8% |
| Tangible fixed assets | 22/27 | €225,370 | €268,575 | +€43,206 | +19.2% |
| Plant, machinery and equipment | 23 | €69,263 | €54,371 | -€14,892 | -21.5% |
| Furniture and vehicles | 24 | €156,107 | €203,106 | +€46,999 | +30.1% |
| Leasing and similar rights | 25 | - | €11,099 | +€11,099 | |
| Financial fixed assets | 28 | €804 | €804 | = | 0.0% |
| Current assets | 29/58 | €574,638 | €758,635 | +€183,997 | +32.0% |
| Stocks and contracts in progress | 3 | €156,467 | €182,523 | +€26,056 | +16.7% |
| Stocks | 30/36 | €60,307 | €61,720 | +€1,413 | +2.3% |
| Contracts in progress | 37 | €96,160 | €120,803 | +€24,643 | +25.6% |
| Amounts receivable within one year | 40/41 | €118,073 | €133,682 | +€15,609 | +13.2% |
| Trade receivables | 40 | €78,156 | €64,712 | -€13,445 | -17.2% |
| Other amounts receivable | 41 | €39,917 | €68,971 | +€29,054 | +72.8% |
| Cash at bank and in hand | 54/58 | €291,538 | €437,714 | +€146,176 | +50.1% |
| Deferred charges and accrued income | 490/1 | €8,560 | €4,715 | -€3,845 | -44.9% |
| Total equity and liabilities | 10/49 | €804,756 | €1,030,978 | +€226,223 | +28.1% |
| Equity | 10/15 | €293,182 | €454,764 | +€161,582 | +55.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €274,182 | €435,764 | +€161,582 | +58.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €65,700 | €65,700 | = | 0.0% |
| Distributable reserves | 133 | €208,481 | €370,063 | +€161,582 | +77.5% |
| Amounts payable | 17/49 | €511,574 | €576,214 | +€64,640 | +12.6% |
| Amounts payable after more than one year | 17 | €151,865 | €118,635 | -€33,231 | -21.9% |
| Financial debts | 170/4 | €151,865 | €118,635 | -€33,231 | -21.9% |
| Amounts payable within one year | 42/48 | €359,709 | €457,580 | +€97,871 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €74,202 | €84,456 | +€10,254 | +13.8% |
| Trade debts | 44 | €200,854 | €214,354 | +€13,501 | +6.7% |
| Suppliers | 440/4 | €200,854 | €214,354 | +€13,501 | +6.7% |
| Advances received on contracts in progress | 46 | €0 | €10,360 | +€10,360 | |
| Taxes, remuneration and social security | 45 | €84,653 | €148,410 | +€63,757 | +75.3% |
| Taxes | 450/3 | €25,352 | €74,056 | +€48,704 | +192% |
| Remuneration and social security | 454/9 | €59,301 | €74,354 | +€15,053 | +25.4% |
| Non-recurring operating income | 76A | €0 | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €421,343 | €458,147 | +€36,804 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,088 | €78,178 | +€25,090 | +47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,413 | -€5,326 | +€12,087 | +69.4% |
| Other operating charges | 640/8 | €6,073 | €5,762 | -€312 | -5.1% |
| Non-recurring operating charges | 66A | €25,497 | €8,326 | -€17,171 | -67.3% |
| Gross operating margin | 9900 | €512,937 | €759,481 | +€246,544 | +48.1% |
| Operating profit (loss) | 9901 | €24,349 | €214,394 | +€190,046 | +781% |
| Financial income | 75/76B | €4,142 | €6,458 | +€2,317 | +55.9% |
| Recurring financial income | 75 | €4,142 | €6,458 | +€2,317 | +55.9% |
| Financial charges | 65/66B | €8,371 | €7,807 | -€564 | -6.7% |
| Recurring financial charges | 65 | €8,371 | €7,807 | -€564 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €20,119 | €213,045 | +€192,926 | +959% |
| Income taxes | 67/77 | €6,356 | €51,463 | +€45,107 | +710% |
| Profit (loss) for the period | 9904 | €13,763 | €161,582 | +€147,819 | +1,074% |
| Profit (loss) for the period to be appropriated | 9905 | €13,763 | €161,582 | +€147,819 | +1,074% |
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 29 October 2026 via checked.be.