Metal Deploye Belge: 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.
What changed
Metal Deploye Belge
NACE 25.402, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.9m-€624,511
Equity
€8.8m
2024 · €8.3m+€445,560
Cash
€565,245
2024 · €533,648+€31,597
Balance sheet total
€11.4m
2024 · €12.8m-€1.4m
Largest movements
Assets
- Current investments -€2.8m
down €2.8m (-100%), from €2.8m to €0
- Tangible fixed assets +€958,595
up €958,595 (+20.6%), from €4.6m to €5.6m
of which Land and buildings: +€1.0m
- Financial fixed assets +€880,936
up €880,936 (+139%), from €635,730 to €1.5m
of which Affiliated companies: +€880,936
- Receivables within one year -€250,320
down €250,320 (-12.6%), from €2.0m to €1.7m
of which Trade receivables: -€330,204
- Stocks and contracts -€180,597
down €180,597 (-8.8%), from €2.1m to €1.9m
Equity and liabilities
- Other debts -€1.2m
down €1.2m (-59.7%), from €2.0m to €816,080
- Trade debts -€593,351
down €593,351 (-41.7%), from €1.4m to €829,110
- Profit (loss) carried forward +€457,330
up €457,330 (+7.3%), from €6.3m to €6.7m
Income statement
- Turnover -€786,252
down €786,252 (-5.8%), from €13.6m to €12.8m
- Staff costs +€251,446
up €251,446 (+11.8%), from €2.1m to €2.4m
- Taxes -€195,060
down €195,060 (-29.7%), from €656,748 to €461,687
- Services and other goods +€156,892
up €156,892 (+6.0%), from €2.6m to €2.8m
- Goods and materials -€156,170
down €156,170 (-2.6%), from €5.9m to €5.8m
of which Purchases: -€200,053
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.
Result 2024
€1.9m
Turnover
-€786,252
Other operating income
+€35,690
Goods and materials
+€156,170
Services and other goods
-€156,892
Staff costs
-€251,446
Depreciation
-€50,739
Write-downs
+€136,099
Other operating charges
+€7,434
Other operating items
+€262,208
Financial income
-€72,116
Financial charges
-€99,730
Taxes
+€195,060
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€257,413
Investment
+€602,034
Financing
-€827,850
Cash 2024
€533,648
From operations (derived)
+€257,413
Net result for the year
+€1.3m
Depreciation
+€356,342
Stocks and contracts
+€180,597
Receivables within one year
+€250,320
Smaller working-capital items
-€1,098
Trade debts
-€593,351
Tax, wage and social debts
+€57,483
Advances received
-€56,394
Other debts
-€1.2m
Investment (derived)
+€602,034
Investment in fixed assets (net)
-€2.2m
Current investments
+€2.8m
Financing
-€827,850
Contributions, distributions and other
-€827,850
Cash 2025
€565,245
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,758,772 | €11,399,355 | -€1.4m | -10.7% |
| Fixed assets | 21/28 | €5,309,305 | €7,150,929 | +€1.8m | +34.7% |
| Intangible fixed assets | 21 | €24,665 | €26,759 | +€2,094 | +8.5% |
| Tangible fixed assets | 22/27 | €4,648,910 | €5,607,505 | +€958,595 | +20.6% |
| Land and buildings | 22 | €4,393,828 | €5,408,925 | +€1.0m | +23.1% |
| Plant, machinery and equipment | 23 | €143,661 | €122,094 | -€21,567 | -15.0% |
| Furniture and vehicles | 24 | €79,921 | €76,486 | -€3,435 | -4.3% |
| Assets under construction and advance payments | 27 | €31,500 | €0 | -€31,500 | -100% |
| Financial fixed assets | 28 | €635,730 | €1,516,666 | +€880,936 | +139% |
| Affiliated companies | 280/1 | €621,055 | €1,501,990 | +€880,936 | +142% |
| Amounts receivable | 281 | €621,055 | €1,501,990 | +€880,936 | +142% |
| Other financial fixed assets | 284/8 | €14,676 | €14,676 | = | 0.0% |
| Shares | 284 | €761 | €761 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,915 | €13,915 | = | 0.0% |
| Current assets | 29/58 | €7,449,467 | €4,248,426 | -€3.2m | -43.0% |
| Stocks and contracts in progress | 3 | €2,053,490 | €1,872,893 | -€180,597 | -8.8% |
| Stocks | 30/36 | €2,053,490 | €1,872,893 | -€180,597 | -8.8% |
| Raw materials and consumables | 30/31 | €500,647 | €551,072 | +€50,425 | +10.1% |
| Finished goods | 33 | €491,839 | €570,220 | +€78,381 | +15.9% |
| Goods purchased for resale | 34 | €1,061,004 | €751,601 | -€309,404 | -29.2% |
| Amounts receivable within one year | 40/41 | €1,987,220 | €1,736,900 | -€250,320 | -12.6% |
| Trade receivables | 40 | €1,761,482 | €1,431,279 | -€330,204 | -18.7% |
| Other amounts receivable | 41 | €225,738 | €305,622 | +€79,884 | +35.4% |
| Current investments | 50/53 | €2,800,000 | €0 | -€2.8m | -100% |
| Other investments | 51/53 | €2,800,000 | €0 | -€2.8m | -100% |
| Cash at bank and in hand | 54/58 | €533,648 | €565,245 | +€31,597 | +5.9% |
| Deferred charges and accrued income | 490/1 | €75,108 | €73,388 | -€1,720 | -2.3% |
| Total equity and liabilities | 10/49 | €12,758,772 | €11,399,355 | -€1.4m | -10.7% |
| Equity | 10/15 | €8,315,051 | €8,760,611 | +€445,560 | +5.4% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Capital | 10 | €330,000 | €330,000 | = | 0.0% |
| Issued capital | 100 | €330,000 | €330,000 | = | 0.0% |
| Revaluation surpluses | 12 | €35,516 | €35,516 | = | 0.0% |
| Reserves | 13 | €1,576,851 | €1,576,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,293 | €47,293 | = | 0.0% |
| Legal reserve | 130 | €33,000 | €33,000 | = | 0.0% |
| Other | 1319 | €14,293 | €14,293 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,891 | €93,891 | = | 0.0% |
| Distributable reserves | 133 | €1,435,667 | €1,435,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,274,954 | €6,732,284 | +€457,330 | +7.3% |
| Investment grants | 15 | €97,730 | €85,960 | -€11,770 | -12.0% |
| Provisions and deferred taxes | 16 | €530,878 | €530,878 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €530,878 | €530,878 | = | 0.0% |
| Other liabilities and charges | 164/5 | €530,878 | €530,878 | = | 0.0% |
| Amounts payable | 17/49 | €3,912,843 | €2,107,866 | -€1.8m | -46.1% |
| Amounts payable within one year | 42/48 | €3,893,865 | €2,091,707 | -€1.8m | -46.3% |
| Trade debts | 44 | €1,422,461 | €829,110 | -€593,351 | -41.7% |
| Suppliers | 440/4 | €1,422,461 | €829,110 | -€593,351 | -41.7% |
| Advances received on contracts in progress | 46 | €89,956 | €33,562 | -€56,394 | -62.7% |
| Taxes, remuneration and social security | 45 | €355,472 | €412,955 | +€57,483 | +16.2% |
| Taxes | 450/3 | €104,149 | €110,663 | +€6,515 | +6.3% |
| Remuneration and social security | 454/9 | €251,323 | €302,292 | +€50,968 | +20.3% |
| Other amounts payable | 47/48 | €2,025,976 | €816,080 | -€1.2m | -59.7% |
| Accrued charges and deferred income | 492/3 | €18,978 | €16,159 | -€2,818 | -14.9% |
| Operating income | 70/76A | €13,758,767 | €13,163,365 | -€595,403 | -4.3% |
| Turnover | 70 | €13,635,529 | €12,849,277 | -€786,252 | -5.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€78,348 | €76,811 | +€155,159 | |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €201,587 | €237,277 | +€35,690 | +17.7% |
| Operating charges | 60/66A | €11,340,555 | €11,392,878 | +€52,323 | +0.5% |
| Goods for resale, raw materials and consumables | 60 | €5,948,952 | €5,792,782 | -€156,170 | -2.6% |
| Purchases | 600/8 | €5,782,860 | €5,582,808 | -€200,053 | -3.5% |
| Change in stocks: decrease (increase) | 609 | €166,092 | €209,974 | +€43,882 | +26.4% |
| Services and other goods | 61 | €2,611,439 | €2,768,330 | +€156,892 | +6.0% |
| Remuneration, social security and pensions | 62 | €2,124,996 | €2,376,442 | +€251,446 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,603 | €356,342 | +€50,739 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €188,975 | €52,876 | -€136,099 | -72.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €53,540 | €46,106 | -€7,434 | -13.9% |
| Non-recurring operating charges | 66A | €107,049 | €0 | -€107,049 | -100% |
| Operating profit (loss) | 9901 | €2,418,213 | €1,770,487 | -€647,726 | -26.8% |
| Financial income | 75/76B | €180,562 | €108,446 | -€72,116 | -39.9% |
| Recurring financial income | 75 | €154,199 | €108,446 | -€45,753 | -29.7% |
| Income from financial fixed assets | 750 | €5,936 | €13,481 | +€7,545 | +127% |
| Income from current assets | 751 | €71,170 | €39,146 | -€32,024 | -45.0% |
| Other financial income | 752/9 | €77,094 | €55,819 | -€21,275 | -27.6% |
| Non-recurring financial income | 76B | €26,363 | €0 | -€26,363 | -100% |
| Financial charges | 65/66B | €44,106 | €143,836 | +€99,730 | +226% |
| Recurring financial charges | 65 | €117,743 | €143,836 | +€26,092 | +22.2% |
| Debt charges | 650 | €31,277 | €31,168 | -€108 | -0.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€71,285 | €0 | +€71,285 | |
| Other financial charges | 652/9 | €157,752 | €112,667 | -€45,084 | -28.6% |
| Non-recurring financial charges | 66B | -€73,637 | €0 | +€73,637 | |
| Profit (loss) for the period before taxes | 9903 | €2,554,669 | €1,735,097 | -€819,572 | -32.1% |
| Income taxes | 67/77 | €656,748 | €461,687 | -€195,060 | -29.7% |
| Taxes | 670/3 | €656,748 | €461,687 | -€195,060 | -29.7% |
| Profit (loss) for the period | 9904 | €1,897,921 | €1,273,410 | -€624,511 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,897,921 | €1,273,410 | -€624,511 | -32.9% |
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 20 October 2026 via checked.be.