METAL-CEL: 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.
METAL-CEL
Largest movements
- Cash +€77,063
up €77,063 (+137.6%), from €56,007 to €133,070
mainly Receivables within one year (+€29,351) and Net result for the year (+€27,608)
- Receivables within one year -€29,351
down €29,351 (-39.5%), from €74,394 to €45,043
of which Trade receivables: -€31,855
- Tangible fixed assets -€6,362
down €6,362 (-18.5%), from €34,330 to €27,968
of which Furniture and vehicles: -€8,023
- Reserves +€25,000
up €25,000 (+166.0%), from €15,060 to €40,060
of which Distributable reserves: +€25,000
- Other debts +€11,999
up €11,999 (+57.5%), from €20,867 to €32,866
- Accrued charges and deferred income +€11,020
up €11,020 (+306.1%), from €3,600 to €14,620
- Tax, wage and social debts -€6,144
down €6,144 (-32.6%), from €18,856 to €12,712
of which Remuneration and social security: -€15,307
- Profit (loss) carried forward +€2,608
up €2,608 (+3.8%), from €68,585 to €71,193
- Gross operating margin +€38,259
up €38,259 (+63.7%), from €60,063 to €98,322
- Taxes +€13,073
up €13,073 (+822.2%), from €1,590 to €14,663
- Staff costs +€6,764
up €6,764 (+16.8%), from €40,314 to €47,078
- Other operating charges -€5,622
down €5,622 (-88.0%), from €6,386 to €765
- Depreciation +€2,616
up €2,616 (+47.5%), from €5,506 to €8,122
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 | €166,023 | €208,589 | +€42,566 | +25.6% |
| Fixed assets | 21/28 | €34,380 | €28,018 | -€6,362 | -18.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €34,330 | €27,968 | -€6,362 | -18.5% |
| Plant, machinery and equipment | 23 | €87 | €1,747 | +€1,661 | +1920.2% |
| Furniture and vehicles | 24 | €34,243 | €26,221 | -€8,023 | -23.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €131,643 | €180,571 | +€48,927 | +37.2% |
| Stocks and contracts in progress | 3 | €950 | €950 | = | 0.0% |
| Stocks | 30/36 | €950 | €950 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,394 | €45,043 | -€29,351 | -39.5% |
| Trade receivables | 40 | €69,597 | €37,741 | -€31,855 | -45.8% |
| Other amounts receivable | 41 | €4,797 | €7,302 | +€2,505 | +52.2% |
| Cash at bank and in hand | 54/58 | €56,007 | €133,070 | +€77,063 | +137.6% |
| Deferred charges and accrued income | 490/1 | €293 | €1,507 | +€1,215 | +415.3% |
| Total equity and liabilities | 10/49 | €166,023 | €208,589 | +€42,566 | +25.6% |
| Equity | 10/15 | €89,845 | €117,453 | +€27,608 | +30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,060 | €40,060 | +€25,000 | +166.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,200 | €38,200 | +€25,000 | +189.4% |
| Profit (loss) carried forward | 14 | €68,585 | €71,193 | +€2,608 | +3.8% |
| Amounts payable | 17/49 | €76,178 | €91,136 | +€14,958 | +19.6% |
| Amounts payable within one year | 42/48 | €72,578 | €76,516 | +€3,938 | +5.4% |
| Trade debts | 44 | €32,855 | €30,938 | -€1,917 | -5.8% |
| Suppliers | 440/4 | €32,855 | €30,938 | -€1,917 | -5.8% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €18,856 | €12,712 | -€6,144 | -32.6% |
| Taxes | 450/3 | €635 | €9,798 | +€9,163 | +1443.0% |
| Remuneration and social security | 454/9 | €18,221 | €2,914 | -€15,307 | -84.0% |
| Other amounts payable | 47/48 | €20,867 | €32,866 | +€11,999 | +57.5% |
| Accrued charges and deferred income | 492/3 | €3,600 | €14,620 | +€11,020 | +306.1% |
| Remuneration, social security and pensions | 62 | €40,314 | €47,078 | +€6,764 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,506 | €8,122 | +€2,616 | +47.5% |
| Other operating charges | 640/8 | €6,386 | €765 | -€5,622 | -88.0% |
| Gross operating margin | 9900 | €60,063 | €98,322 | +€38,259 | +63.7% |
| Operating profit (loss) | 9901 | €7,856 | €42,357 | +€34,501 | +439.1% |
| Financial income | 75/76B | €4 | €82 | +€78 | +2049.3% |
| Recurring financial income | 75 | €4 | €82 | +€78 | +2049.3% |
| Financial charges | 65/66B | €683 | €169 | -€514 | -75.3% |
| Recurring financial charges | 65 | €683 | €169 | -€514 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | €7,177 | €42,270 | +€35,093 | +489.0% |
| Income taxes | 67/77 | €1,590 | €14,663 | +€13,073 | +822.2% |
| Profit (loss) for the period | 9904 | €5,587 | €27,608 | +€22,021 | +394.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,587 | €27,608 | +€22,021 | +394.1% |
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 3 October 2026 via checked.be.