METAL MODERNE: 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 MODERNE
Largest movements
- Tangible fixed assets -€42,691
down €42,691 (-9.8%), from €437,161 to €394,470
of which Land and buildings: -€30,508
- Cash +€22,824
up €22,824 (+39.9%), from €57,154 to €79,978
mainly Depreciation (+€46,648) and Net result for the year (+€28,154)
- Stocks and contracts +€8,430
up €8,430 (+83.0%), from €10,153 to €18,584
- Debts after one year -€46,884
down €46,884 (-18.2%), from €257,455 to €210,571
- Profit (loss) carried forward +€28,154
up €28,154 (+19.9%), from €141,134 to €169,287
- Gross operating margin -€21,054
down €21,054 (-19.9%), from €106,062 to €85,008
- Other operating charges -€9,145
down €9,145 (-71.1%), from €12,870 to €3,725
- Depreciation +€4,555
up €4,555 (+10.8%), from €42,093 to €46,648
- Taxes +€3,222
up €3,222 (+2,605%), from €124 to €3,345
- Write-downs -€2,000
new in 2025: -€2,000
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 | €527,785 | €516,051 | -€11,734 | -2.2% |
| Fixed assets | 21/28 | €437,161 | €394,470 | -€42,691 | -9.8% |
| Tangible fixed assets | 22/27 | €437,161 | €394,470 | -€42,691 | -9.8% |
| Land and buildings | 22 | €382,943 | €352,435 | -€30,508 | -8.0% |
| Plant, machinery and equipment | 23 | €4,233 | €4,607 | +€374 | +8.8% |
| Furniture and vehicles | 24 | €49,985 | €37,427 | -€12,558 | -25.1% |
| Current assets | 29/58 | €90,624 | €121,581 | +€30,957 | +34.2% |
| Stocks and contracts in progress | 3 | €10,153 | €18,584 | +€8,430 | +83.0% |
| Stocks | 30/36 | €10,153 | €18,584 | +€8,430 | +83.0% |
| Amounts receivable within one year | 40/41 | €20,846 | €20,785 | -€62 | -0.3% |
| Trade receivables | 40 | €17,052 | €16,130 | -€922 | -5.4% |
| Other amounts receivable | 41 | €3,794 | €4,655 | +€860 | +22.7% |
| Cash at bank and in hand | 54/58 | €57,154 | €79,978 | +€22,824 | +39.9% |
| Deferred charges and accrued income | 490/1 | €2,470 | €2,234 | -€236 | -9.5% |
| Total equity and liabilities | 10/49 | €527,785 | €516,051 | -€11,734 | -2.2% |
| Equity | 10/15 | €189,993 | €216,587 | +€26,593 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,315 | €26,315 | = | 0.0% |
| Distributable reserves | 133 | €26,315 | €26,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,134 | €169,287 | +€28,154 | +19.9% |
| Investment grants | 15 | €3,945 | €2,384 | -€1,561 | -39.6% |
| Amounts payable | 17/49 | €337,792 | €299,464 | -€38,328 | -11.3% |
| Amounts payable after more than one year | 17 | €257,455 | €210,571 | -€46,884 | -18.2% |
| Financial debts | 170/4 | €257,455 | €210,571 | -€46,884 | -18.2% |
| Amounts payable within one year | 42/48 | €80,337 | €88,893 | +€8,556 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €45,839 | €46,884 | +€1,045 | +2.3% |
| Trade debts | 44 | €9,785 | €14,781 | +€4,996 | +51.1% |
| Suppliers | 440/4 | €9,785 | €14,781 | +€4,996 | +51.1% |
| Taxes, remuneration and social security | 45 | €7,086 | €9,813 | +€2,728 | +38.5% |
| Taxes | 450/3 | €7,086 | €9,813 | +€2,728 | +38.5% |
| Other amounts payable | 47/48 | €17,628 | €17,415 | -€213 | -1.2% |
| Remuneration, social security and pensions | 62 | €1,525 | - | -€1,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,093 | €46,648 | +€4,555 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,000 | -€2,000 | |
| Other operating charges | 640/8 | €12,870 | €3,725 | -€9,145 | -71.1% |
| Gross operating margin | 9900 | €106,062 | €85,008 | -€21,054 | -19.9% |
| Operating profit (loss) | 9901 | €49,574 | €36,635 | -€12,939 | -26.1% |
| Financial income | 75/76B | €1,753 | €1,884 | +€131 | +7.5% |
| Recurring financial income | 75 | €1,753 | €1,884 | +€131 | +7.5% |
| Financial charges | 65/66B | €7,792 | €7,019 | -€773 | -9.9% |
| Recurring financial charges | 65 | €7,792 | €7,019 | -€773 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €43,535 | €31,499 | -€12,036 | -27.6% |
| Income taxes | 67/77 | €124 | €3,345 | +€3,222 | +2,605% |
| Profit (loss) for the period | 9904 | €43,411 | €28,154 | -€15,258 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,411 | €28,154 | -€15,258 | -35.1% |
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 28 October 2026 via checked.be.