METAL COLORS: 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.
METAL COLORS
Largest movements
- Receivables within one year -€61,387
down €61,387 (-35.4%), from €173,306 to €111,919
of which Other amounts receivable: -€63,307
- Tangible fixed assets -€7,000
down €7,000 (-18.5%), from €37,809 to €30,809
of which Other tangible fixed assets: -€7,000
- Deferred charges and accrued income -€2,500
no longer reported in 2025 (was €2,500)
- Reserves +€193,769
up €193,769 (+16,172%), from €1,198 to €194,967
of which Tax-exempt reserves: +€193,769
- Debts after one year -€95,629
down €95,629 (-50.1%), from €190,940 to €95,312
- Profit (loss) carried forward -€93,370
down €93,370 (-38.8%), from -€240,423 to -€333,793
- Trade debts -€41,663
down €41,663 (-56.7%), from €73,524 to €31,861
- Tax, wage and social debts -€26,529
down €26,529 (-18.1%), from €146,786 to €120,256
of which Remuneration and social security: -€14,082
- Financial income +€193,486
up €193,486 (+68,386%), from €283 to €193,769
of which Non-recurring financial income: +€193,769
- Staff costs -€51,509
down €51,509 (-47.2%), from €109,229 to €57,721
- Financial charges -€26,466
down €26,466 (-83.3%), from €31,772 to €5,306
- Gross operating margin -€21,834
down €21,834 (-31.2%), from €69,913 to €48,079
- Other operating charges -€7,640
down €7,640 (-92.4%), from €8,268 to €628
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 | €221,986 | €150,929 | -€71,057 | -32.0% |
| Fixed assets | 21/28 | €42,469 | €35,469 | -€7,000 | -16.5% |
| Tangible fixed assets | 22/27 | €37,809 | €30,809 | -€7,000 | -18.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €37,809 | €30,809 | -€7,000 | -18.5% |
| Financial fixed assets | 28 | €4,660 | €4,660 | = | 0.0% |
| Current assets | 29/58 | €179,517 | €115,460 | -€64,057 | -35.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €173,306 | €111,919 | -€61,387 | -35.4% |
| Trade receivables | 40 | €26,773 | €28,693 | +€1,920 | +7.2% |
| Other amounts receivable | 41 | €146,533 | €83,225 | -€63,307 | -43.2% |
| Cash at bank and in hand | 54/58 | €3,711 | €3,541 | -€170 | -4.6% |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €221,986 | €150,929 | -€71,057 | -32.0% |
| Equity | 10/15 | -€199,225 | -€98,827 | +€100,398 | +50.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,198 | €194,967 | +€193,769 | +16,172% |
| Tax-exempt reserves | 132 | - | €193,769 | +€193,769 | |
| Distributable reserves | 133 | €1,198 | €1,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€240,423 | -€333,793 | -€93,370 | -38.8% |
| Amounts payable | 17/49 | €421,211 | €249,755 | -€171,456 | -40.7% |
| Amounts payable after more than one year | 17 | €190,940 | €95,312 | -€95,629 | -50.1% |
| Financial debts | 170/4 | €190,940 | €95,312 | -€95,629 | -50.1% |
| Amounts payable within one year | 42/48 | €227,944 | €152,117 | -€75,827 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €7,084 | €0 | -€7,084 | -100% |
| Trade debts | 44 | €73,524 | €31,861 | -€41,663 | -56.7% |
| Suppliers | 440/4 | €73,524 | €31,861 | -€41,663 | -56.7% |
| Taxes, remuneration and social security | 45 | €146,786 | €120,256 | -€26,529 | -18.1% |
| Taxes | 450/3 | €73,432 | €60,985 | -€12,447 | -17.0% |
| Remuneration and social security | 454/9 | €73,353 | €59,271 | -€14,082 | -19.2% |
| Other amounts payable | 47/48 | €551 | €0 | -€551 | -100% |
| Accrued charges and deferred income | 492/3 | €2,326 | €2,326 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €109,229 | €57,721 | -€51,509 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,000 | €7,000 | = | 0.0% |
| Other operating charges | 640/8 | €8,268 | €628 | -€7,640 | -92.4% |
| Non-recurring operating charges | 66A | - | €70,794 | +€70,794 | |
| Gross operating margin | 9900 | €69,913 | €48,079 | -€21,834 | -31.2% |
| Operating profit (loss) | 9901 | -€54,584 | -€88,064 | -€33,480 | -61.3% |
| Financial income | 75/76B | €283 | €193,769 | +€193,486 | +68,386% |
| Recurring financial income | 75 | €283 | €193,769 | +€193,486 | +68,386% |
| Non-recurring financial income | 76B | - | €193,769 | +€193,769 | |
| Financial charges | 65/66B | €31,772 | €5,306 | -€26,466 | -83.3% |
| Recurring financial charges | 65 | €31,772 | €5,306 | -€26,466 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | -€86,074 | €100,398 | +€186,472 | |
| Income taxes | 67/77 | €367 | - | -€367 | |
| Profit (loss) for the period | 9904 | -€86,441 | €100,398 | +€186,839 | |
| Transfer to tax-exempt reserves | 689 | - | €193,769 | +€193,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,441 | -€93,370 | -€6,930 | -8.0% |
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.