METAGLAS: 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.
METAGLAS
Largest movements
- Cash +€39,001
up €39,001 (+73.1%), from €53,346 to €92,347
mainly Net result for the year (+€219,578) and Depreciation (+€38,688)
- Tangible fixed assets -€24,134
down €24,134 (-7.8%), from €309,609 to €285,475
of which Land and buildings: -€26,497
- Current investments +€15,668
up €15,668 (+61.6%), from €25,444 to €41,112
- Receivables within one year -€11,871
down €11,871 (-7.0%), from €168,942 to €157,071
of which Trade receivables: -€18,374
- Debts after one year -€37,405
down €37,405 (-27.4%), from €136,534 to €99,129
- Reserves +€20,828
up €20,828 (+19.7%), from €105,986 to €126,814
of which Distributable reserves: +€20,828
- Trade debts +€18,853
up €18,853 (+78.9%), from €23,903 to €42,756
- Other debts +€18,750
up €18,750 (+10.4%), from €180,000 to €198,750
- Gross operating margin +€81,209
up €81,209 (+21.1%), from €384,131 to €465,340
- Staff costs +€38,623
up €38,623 (+43.0%), from €89,816 to €128,438
- Taxes +€9,781
up €9,781 (+15.8%), from €61,870 to €71,652
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 | €588,970 | €608,086 | +€19,116 | +3.2% |
| Fixed assets | 21/28 | €311,109 | €285,475 | -€25,634 | -8.2% |
| Tangible fixed assets | 22/27 | €309,609 | €285,475 | -€24,134 | -7.8% |
| Land and buildings | 22 | €278,632 | €252,134 | -€26,497 | -9.5% |
| Plant, machinery and equipment | 23 | €30,978 | €33,341 | +€2,363 | +7.6% |
| Financial fixed assets | 28 | €1,500 | €0 | -€1,500 | -100.0% |
| Current assets | 29/58 | €277,861 | €322,611 | +€44,751 | +16.1% |
| Stocks and contracts in progress | 3 | €24,407 | €26,143 | +€1,736 | +7.1% |
| Stocks | 30/36 | €24,407 | €26,143 | +€1,736 | +7.1% |
| Amounts receivable within one year | 40/41 | €168,942 | €157,071 | -€11,871 | -7.0% |
| Trade receivables | 40 | €130,460 | €112,086 | -€18,374 | -14.1% |
| Other amounts receivable | 41 | €38,482 | €44,985 | +€6,502 | +16.9% |
| Current investments | 50/53 | €25,444 | €41,112 | +€15,668 | +61.6% |
| Cash at bank and in hand | 54/58 | €53,346 | €92,347 | +€39,001 | +73.1% |
| Deferred charges and accrued income | 490/1 | €5,722 | €5,938 | +€216 | +3.8% |
| Total equity and liabilities | 10/49 | €588,970 | €608,086 | +€19,116 | +3.2% |
| Equity | 10/15 | €124,578 | €145,406 | +€20,828 | +16.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €105,986 | €126,814 | +€20,828 | +19.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €104,736 | €125,564 | +€20,828 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €464,392 | €462,680 | -€1,711 | -0.4% |
| Amounts payable after more than one year | 17 | €136,534 | €99,129 | -€37,405 | -27.4% |
| Financial debts | 170/4 | €136,534 | €99,129 | -€37,405 | -27.4% |
| Amounts payable within one year | 42/48 | €327,118 | €362,735 | +€35,616 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €37,405 | €37,405 | = | 0.0% |
| Financial debts | 43 | €30,000 | €26,878 | -€3,122 | -10.4% |
| Credit institutions | 430/8 | €30,000 | €26,878 | -€3,122 | -10.4% |
| Trade debts | 44 | €23,903 | €42,756 | +€18,853 | +78.9% |
| Suppliers | 440/4 | €23,903 | €42,756 | +€18,853 | +78.9% |
| Taxes, remuneration and social security | 45 | €55,811 | €56,946 | +€1,135 | +2.0% |
| Taxes | 450/3 | €35,912 | €35,279 | -€633 | -1.8% |
| Remuneration and social security | 454/9 | €19,899 | €21,666 | +€1,767 | +8.9% |
| Other amounts payable | 47/48 | €180,000 | €198,750 | +€18,750 | +10.4% |
| Accrued charges and deferred income | 492/3 | €740 | €817 | +€77 | +10.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €89,816 | €128,438 | +€38,623 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,241 | €38,688 | +€2,447 | +6.8% |
| Other operating charges | 640/8 | €4,554 | €5,843 | +€1,289 | +28.3% |
| Gross operating margin | 9900 | €384,131 | €465,340 | +€81,209 | +21.1% |
| Operating profit (loss) | 9901 | €253,520 | €292,370 | +€38,850 | +15.3% |
| Financial income | 75/76B | €2,819 | €3,150 | +€331 | +11.8% |
| Recurring financial income | 75 | €2,819 | €3,150 | +€331 | +11.8% |
| Financial charges | 65/66B | €4,227 | €4,291 | +€64 | +1.5% |
| Recurring financial charges | 65 | €4,227 | €4,291 | +€64 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €252,112 | €291,229 | +€39,118 | +15.5% |
| Income taxes | 67/77 | €61,870 | €71,652 | +€9,781 | +15.8% |
| Profit (loss) for the period | 9904 | €190,241 | €219,578 | +€29,336 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €190,241 | €219,578 | +€29,336 | +15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.