Metafose: what changed
What changed
Metafose
NACE 24.410, Manufacture of basic metals
filed annual accounts (NBB)
Net result for the year
-€30,227
2024 · -€4,891-€25,335
Equity
€125,445
2024 · €155,671-€30,227
Cash
€69,231
2024 · €47,739+€21,492
Balance sheet total
€790,780
2024 · €835,950-€45,170
Largest movements
Assets
- Receivables within one year -€49,121
down €49,121 (-45.2%), from €108,592 to €59,470
of which Trade receivables: -€49,590
- Tangible fixed assets -€48,129
down €48,129 (-8.9%), from €543,604 to €495,475
of which Land and buildings: -€40,166
- Stocks and contracts +€30,547
up €30,547 (+22.7%), from €134,496 to €165,043
of which Contracts in progress: +€27,450
- Cash +€21,492
up €21,492 (+45.0%), from €47,739 to €69,231
mainly Receivables within one year (+€49,121) and Depreciation (+€48,129)
Equity and liabilities
- Profit (loss) carried forward -€30,227
new in 2025: -€30,227
- Debts after one year -€19,121
down €19,121 (-3.3%), from €577,511 to €558,390
Income statement
- Staff costs +€34,409
up €34,409 (+37.2%), from €92,500 to €126,909
- Gross operating margin +€8,122
up €8,122 (+5.4%), from €151,384 to €159,506
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€4,891
Gross operating margin
+€8,122
Staff costs
-€34,409
Depreciation
-€182
Other operating charges
+€640
Financial income
-€112
Financial charges
+€608
Taxes
-€1
Result 2025
-€30,227
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€40,124
Investment
€0
Financing
-€18,633
Cash 2024
€47,739
From operations (derived)
+€40,124
Net result for the year
-€30,227
Depreciation
+€48,129
Stocks and contracts
-€30,547
Receivables within one year
+€49,121
Smaller working-capital items
-€40
Trade debts
+€8,276
Tax, wage and social debts
-€3,393
Other debts
-€1,196
Financing
-€18,633
Debts after one year
-€19,121
Current portion of long-term debt
+€488
Cash 2025
€69,231
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €835,950 | €790,780 | -€45,170 | -5.4% |
| Fixed assets | 21/28 | €543,604 | €495,475 | -€48,129 | -8.9% |
| Tangible fixed assets | 22/27 | €543,604 | €495,475 | -€48,129 | -8.9% |
| Land and buildings | 22 | €523,270 | €483,104 | -€40,166 | -7.7% |
| Plant, machinery and equipment | 23 | €18,742 | €11,758 | -€6,983 | -37.3% |
| Furniture and vehicles | 24 | €1,592 | €612 | -€980 | -61.5% |
| Current assets | 29/58 | €292,346 | €295,306 | +€2,959 | +1.0% |
| Stocks and contracts in progress | 3 | €134,496 | €165,043 | +€30,547 | +22.7% |
| Stocks | 30/36 | €21,588 | €24,685 | +€3,097 | +14.3% |
| Contracts in progress | 37 | €112,908 | €140,358 | +€27,450 | +24.3% |
| Amounts receivable within one year | 40/41 | €108,592 | €59,470 | -€49,121 | -45.2% |
| Trade receivables | 40 | €108,592 | €59,002 | -€49,590 | -45.7% |
| Other amounts receivable | 41 | - | €468 | +€468 | |
| Cash at bank and in hand | 54/58 | €47,739 | €69,231 | +€21,492 | +45.0% |
| Deferred charges and accrued income | 490/1 | €1,520 | €1,562 | +€42 | +2.8% |
| Total equity and liabilities | 10/49 | €835,950 | €790,780 | -€45,170 | -5.4% |
| Equity | 10/15 | €155,671 | €125,445 | -€30,227 | -19.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €130,671 | €130,671 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €130,621 | €130,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,227 | -€30,227 | |
| Amounts payable | 17/49 | €680,279 | €665,336 | -€14,943 | -2.2% |
| Amounts payable after more than one year | 17 | €577,511 | €558,390 | -€19,121 | -3.3% |
| Financial debts | 170/4 | €577,511 | €558,390 | -€19,121 | -3.3% |
| Amounts payable within one year | 42/48 | €102,768 | €106,943 | +€4,176 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €18,633 | €19,121 | +€488 | +2.6% |
| Trade debts | 44 | €16,403 | €24,680 | +€8,276 | +50.5% |
| Suppliers | 440/4 | €16,403 | €24,680 | +€8,276 | +50.5% |
| Taxes, remuneration and social security | 45 | €27,164 | €23,771 | -€3,393 | -12.5% |
| Taxes | 450/3 | €15,455 | €509 | -€14,946 | -96.7% |
| Remuneration and social security | 454/9 | €11,709 | €23,262 | +€11,553 | +98.7% |
| Other amounts payable | 47/48 | €40,567 | €39,371 | -€1,196 | -2.9% |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Remuneration, social security and pensions | 62 | €92,500 | €126,909 | +€34,409 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,947 | €48,129 | +€182 | +0.4% |
| Other operating charges | 640/8 | €4,282 | €3,641 | -€640 | -15.0% |
| Gross operating margin | 9900 | €151,384 | €159,506 | +€8,122 | +5.4% |
| Operating profit (loss) | 9901 | €6,656 | -€19,174 | -€25,830 | |
| Financial income | 75/76B | €206 | €94 | -€112 | -54.5% |
| Recurring financial income | 75 | €206 | €94 | -€112 | -54.5% |
| Financial charges | 65/66B | €11,613 | €11,005 | -€608 | -5.2% |
| Recurring financial charges | 65 | €11,613 | €11,005 | -€608 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,752 | -€30,086 | -€25,334 | -533% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€4,891 | -€30,227 | -€25,335 | -518% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,891 | -€30,227 | -€25,335 | -518% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.