METAL MATES: 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 MATES
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,502
2024 · -€17,085+€34,588
Equity
€857,343
2024 · €839,841+€17,502
Cash
€13,231
2024 · €323+€12,908
Balance sheet total
€1.8m
2024 · €1.8m+€22,935
Largest movements
Assets
- Receivables within one year +€18,451
up €18,451 (+11.6%), from €159,615 to €178,067
Equity and liabilities
- Other debts +€27,091
up €27,091 (+5.3%), from €508,411 to €535,501
- Debts after one year -€21,028
down €21,028 (-4.9%), from €427,376 to €406,348
Income statement
- Financial income +€20,728
up €20,728 (+1,374%), from €1,508 to €22,237
- Gross operating margin +€8,671
up €8,671 (+99.2%), from -€8,742 to -€71
- Depreciation -€3,600
down €3,600 (-95.0%), from €3,790 to €190
- Other operating charges -€1,311
down €1,311 (-49.5%), from €2,649 to €1,338
- Financial charges -€139
down €139 (-4.3%), from €3,228 to €3,089
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
-€17,085
Gross operating margin
+€8,671
Depreciation
+€3,600
Other operating charges
+€1,311
Financial income
+€20,728
Financial charges
+€139
Taxes
+€139
Result 2025
€17,502
raises the result
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
+€25,288
Investment
+€8,395
Financing
-€20,774
Cash 2024
€323
From operations (derived)
+€25,288
Net result for the year
+€17,502
Depreciation
+€190
Receivables within one year
-€18,451
Deferred charges and accrued income
-€160
Trade debts
+€1,840
Other debts
+€27,091
Accrued charges and deferred income
-€2,723
Investment (derived)
+€8,395
Investment in fixed assets (net)
+€1,825
Current investments
+€6,570
Financing
-€20,774
Debts after one year
-€21,028
Current portion of long-term debt
+€254
Cash 2025
€13,231
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,800,091 | €1,823,026 | +€22,935 | +1.3% |
| Fixed assets | 21/28 | €1,438,565 | €1,436,551 | -€2,014 | -0.1% |
| Tangible fixed assets | 22/27 | €248,565 | €246,551 | -€2,014 | -0.8% |
| Land and buildings | 22 | €380 | €190 | -€190 | -50.0% |
| Furniture and vehicles | 24 | €1,825 | - | -€1,825 | |
| Other tangible fixed assets | 26 | €246,361 | €246,361 | = | 0.0% |
| Financial fixed assets | 28 | €1,190,000 | €1,190,000 | = | 0.0% |
| Current assets | 29/58 | €361,526 | €386,475 | +€24,950 | +6.9% |
| Amounts receivable within one year | 40/41 | €159,615 | €178,067 | +€18,451 | +11.6% |
| Other amounts receivable | 41 | €159,615 | €178,067 | +€18,451 | +11.6% |
| Current investments | 50/53 | €201,338 | €194,768 | -€6,570 | -3.3% |
| Cash at bank and in hand | 54/58 | €323 | €13,231 | +€12,908 | +3,994% |
| Deferred charges and accrued income | 490/1 | €249 | €409 | +€160 | +64.4% |
| Total equity and liabilities | 10/49 | €1,800,091 | €1,823,026 | +€22,935 | +1.3% |
| Equity | 10/15 | €839,841 | €857,343 | +€17,502 | +2.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €936,879 | €936,879 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €934,879 | €934,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,037 | -€99,535 | +€17,502 | +15.0% |
| Amounts payable | 17/49 | €960,250 | €965,683 | +€5,433 | +0.6% |
| Amounts payable after more than one year | 17 | €427,376 | €406,348 | -€21,028 | -4.9% |
| Financial debts | 170/4 | €427,376 | €406,348 | -€21,028 | -4.9% |
| Amounts payable within one year | 42/48 | €530,150 | €559,335 | +€29,185 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €20,774 | €21,028 | +€254 | +1.2% |
| Trade debts | 44 | €965 | €2,805 | +€1,840 | +191% |
| Suppliers | 440/4 | €965 | €2,805 | +€1,840 | +191% |
| Other amounts payable | 47/48 | €508,411 | €535,501 | +€27,091 | +5.3% |
| Accrued charges and deferred income | 492/3 | €2,723 | - | -€2,723 | |
| Non-recurring operating income | 76A | - | €20,675 | +€20,675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,790 | €190 | -€3,600 | -95.0% |
| Other operating charges | 640/8 | €2,649 | €1,338 | -€1,311 | -49.5% |
| Gross operating margin | 9900 | -€8,742 | -€71 | +€8,671 | +99.2% |
| Operating profit (loss) | 9901 | -€15,181 | -€1,599 | +€13,582 | +89.5% |
| Financial income | 75/76B | €1,508 | €22,237 | +€20,728 | +1,374% |
| Recurring financial income | 75 | €1,508 | €22,237 | +€20,728 | +1,374% |
| Financial charges | 65/66B | €3,228 | €3,089 | -€139 | -4.3% |
| Recurring financial charges | 65 | €3,228 | €3,089 | -€139 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,901 | €17,548 | +€34,449 | |
| Income taxes | 67/77 | €185 | €46 | -€139 | -75.0% |
| Profit (loss) for the period | 9904 | -€17,085 | €17,502 | +€34,588 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,085 | €17,502 | +€34,588 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.