METAALWERKEN DEVRIENDT: what changed
Two fiscal 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.
METAALWERKEN DEVRIENDT
Largest movements
- Tangible fixed assets +€332,377
up €332,377 (+768.1%), from €43,272 to €375,649
of which Plant, machinery and equipment: +€334,169
- Cash -€21,932
down €21,932 (-43.0%), from €51,055 to €29,123
mainly Investment in fixed assets (net) (-€370,794) and Trade debts (-€69,412)
- Receivables within one year +€13,357
up €13,357 (+15.4%), from €86,928 to €100,285
of which Other amounts receivable: +€62,229
- Debts after one year +€353,910
up €353,910 (+1147.2%), from €30,850 to €384,760
of which Financial debts: +€203,910
- Trade debts -€69,412
down €69,412 (-83.3%), from €83,285 to €13,873
- Current portion of long-term debt +€32,756
up €32,756 (+306.4%), from €10,689 to €43,445
- Profit (loss) carried forward +€6,218
up €6,218 (+50.8%), from €12,243 to €18,461
- Depreciation +€34,815
up €34,815 (+781.4%), from €4,456 to €39,271
- Gross operating margin +€27,947
up €27,947 (+121.0%), from €23,094 to €51,042
- Financial charges +€2,532
up €2,532 (+310.0%), from €817 to €3,348
- Taxes -€2,481
down €2,481 (-56.9%), from €4,359 to €1,878
- Financial income +€1,367
new in 2025: €1,367
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.
Cash bridge derived
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 | €210,865 | €535,197 | +€324,332 | +153.8% |
| Formation expenses | 20 | €854 | €0 | -€854 | -100.0% |
| Fixed assets | 21/28 | €43,272 | €375,649 | +€332,377 | +768.1% |
| Tangible fixed assets | 22/27 | €43,272 | €375,649 | +€332,377 | +768.1% |
| Plant, machinery and equipment | 23 | - | €334,169 | +€334,169 | |
| Furniture and vehicles | 24 | €42,036 | €40,658 | -€1,377 | -3.3% |
| Other tangible fixed assets | 26 | €1,236 | €822 | -€414 | -33.5% |
| Current assets | 29/58 | €166,739 | €159,548 | -€7,191 | -4.3% |
| Stocks and contracts in progress | 3 | €27,500 | €28,750 | +€1,250 | +4.5% |
| Stocks | 30/36 | €27,500 | €28,750 | +€1,250 | +4.5% |
| Amounts receivable within one year | 40/41 | €86,928 | €100,285 | +€13,357 | +15.4% |
| Trade receivables | 40 | €86,882 | €38,009 | -€48,872 | -56.3% |
| Other amounts receivable | 41 | €47 | €62,276 | +€62,229 | +133053.9% |
| Cash at bank and in hand | 54/58 | €51,055 | €29,123 | -€21,932 | -43.0% |
| Deferred charges and accrued income | 490/1 | €1,256 | €1,390 | +€134 | +10.7% |
| Total equity and liabilities | 10/49 | €210,865 | €535,197 | +€324,332 | +153.8% |
| Equity | 10/15 | €73,743 | €79,961 | +€6,218 | +8.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,243 | €18,461 | +€6,218 | +50.8% |
| Amounts payable | 17/49 | €137,122 | €455,236 | +€318,114 | +232.0% |
| Amounts payable after more than one year | 17 | €30,850 | €384,760 | +€353,910 | +1147.2% |
| Financial debts | 170/4 | €30,850 | €234,760 | +€203,910 | +661.0% |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €105,668 | €69,303 | -€36,366 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €10,689 | €43,445 | +€32,756 | +306.4% |
| Financial debts | 43 | - | €4,208 | +€4,208 | |
| Credit institutions | 430/8 | - | €4,208 | +€4,208 | |
| Trade debts | 44 | €83,285 | €13,873 | -€69,412 | -83.3% |
| Suppliers | 440/4 | €83,285 | €13,873 | -€69,412 | -83.3% |
| Taxes, remuneration and social security | 45 | €9,736 | €6,944 | -€2,792 | -28.7% |
| Taxes | 450/3 | €9,736 | €5,209 | -€4,527 | -46.5% |
| Remuneration and social security | 454/9 | - | €1,735 | +€1,735 | |
| Other amounts payable | 47/48 | €1,958 | €833 | -€1,125 | -57.5% |
| Accrued charges and deferred income | 492/3 | €604 | €1,174 | +€570 | +94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,456 | €39,271 | +€34,815 | +781.4% |
| Other operating charges | 640/8 | €387 | €861 | +€474 | +122.2% |
| Gross operating margin | 9900 | €23,094 | €51,042 | +€27,947 | +121.0% |
| Operating profit (loss) | 9901 | €18,252 | €10,910 | -€7,341 | -40.2% |
| Financial income | 75/76B | - | €1,367 | +€1,367 | |
| Recurring financial income | 75 | - | €1,367 | +€1,367 | |
| Financial charges | 65/66B | €817 | €3,348 | +€2,532 | +310.0% |
| Recurring financial charges | 65 | €817 | €3,348 | +€2,532 | +310.0% |
| Profit (loss) for the period before taxes | 9903 | €17,435 | €8,929 | -€8,506 | -48.8% |
| Income taxes | 67/77 | €4,359 | €1,878 | -€2,481 | -56.9% |
| Profit (loss) for the period | 9904 | €13,076 | €7,051 | -€6,025 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,076 | €7,051 | -€6,025 | -46.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.