Metal Projects: 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 Projects
Largest movements
- Cash -€34,736
down €34,736 (-49.6%), from €70,066 to €35,330
mainly Debts after one year (-€51,284) and Receivables within one year (-€16,148)
- Tangible fixed assets -€29,756
down €29,756 (-6.1%), from €487,447 to €457,692
of which Land and buildings: -€35,320
- Receivables within one year +€16,148
up €16,148 (+34.4%), from €46,926 to €63,074
of which Trade receivables: +€22,513
- Stocks and contracts +€12,500
up €12,500 (+17.7%), from €70,475 to €82,975
of which Stocks: +€7,551
- Debts after one year -€51,284
down €51,284 (-12.3%), from €418,292 to €367,008
- Other debts +€6,826
up €6,826 (+12.3%), from €55,376 to €62,202
- Financial charges -€1,884
down €1,884 (-10.2%), from €18,431 to €16,547
- Gross operating margin -€1,189
down €1,189 (-1.5%), from €79,787 to €78,598
- Staff costs -€993
down €993 (-8.2%), from €12,086 to €11,093
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 | €679,914 | €647,777 | -€32,138 | -4.7% |
| Fixed assets | 21/28 | €492,447 | €462,692 | -€29,756 | -6.0% |
| Tangible fixed assets | 22/27 | €487,447 | €457,692 | -€29,756 | -6.1% |
| Land and buildings | 22 | €464,549 | €429,230 | -€35,320 | -7.6% |
| Plant, machinery and equipment | 23 | €20,138 | €27,243 | +€7,104 | +35.3% |
| Furniture and vehicles | 24 | €2,760 | €1,220 | -€1,540 | -55.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €187,467 | €185,085 | -€2,382 | -1.3% |
| Stocks and contracts in progress | 3 | €70,475 | €82,975 | +€12,500 | +17.7% |
| Stocks | 30/36 | €42,725 | €50,276 | +€7,551 | +17.7% |
| Contracts in progress | 37 | €27,750 | €32,699 | +€4,949 | +17.8% |
| Amounts receivable within one year | 40/41 | €46,926 | €63,074 | +€16,148 | +34.4% |
| Trade receivables | 40 | €31,392 | €53,905 | +€22,513 | +71.7% |
| Other amounts receivable | 41 | €15,534 | €9,169 | -€6,365 | -41.0% |
| Cash at bank and in hand | 54/58 | €70,066 | €35,330 | -€34,736 | -49.6% |
| Deferred charges and accrued income | 490/1 | - | €3,705 | +€3,705 | |
| Total equity and liabilities | 10/49 | €679,914 | €647,777 | -€32,138 | -4.7% |
| Equity | 10/15 | €41,637 | €41,958 | +€322 | +0.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,363 | -€13,042 | +€322 | +2.4% |
| Amounts payable | 17/49 | €638,278 | €605,818 | -€32,459 | -5.1% |
| Amounts payable after more than one year | 17 | €418,292 | €367,008 | -€51,284 | -12.3% |
| Financial debts | 170/4 | €418,292 | €367,008 | -€51,284 | -12.3% |
| Amounts payable within one year | 42/48 | €219,985 | €238,810 | +€18,824 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €49,431 | €51,284 | +€1,853 | +3.7% |
| Trade debts | 44 | €115,178 | €121,379 | +€6,200 | +5.4% |
| Suppliers | 440/4 | €115,178 | €121,379 | +€6,200 | +5.4% |
| Taxes, remuneration and social security | 45 | €0 | €3,945 | +€3,945 | |
| Taxes | 450/3 | €0 | €3,935 | +€3,935 | |
| Remuneration and social security | 454/9 | - | €10 | +€10 | |
| Other amounts payable | 47/48 | €55,376 | €62,202 | +€6,826 | +12.3% |
| Remuneration, social security and pensions | 62 | €12,086 | €11,093 | -€993 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,970 | €43,756 | +€786 | +1.8% |
| Other operating charges | 640/8 | €6,842 | €6,881 | +€39 | +0.6% |
| Gross operating margin | 9900 | €79,787 | €78,598 | -€1,189 | -1.5% |
| Operating profit (loss) | 9901 | €17,889 | €16,868 | -€1,021 | -5.7% |
| Financial income | 75/76B | €66 | €0 | -€66 | -100.0% |
| Recurring financial income | 75 | €66 | €0 | -€66 | -100.0% |
| Financial charges | 65/66B | €18,431 | €16,547 | -€1,884 | -10.2% |
| Recurring financial charges | 65 | €18,431 | €16,547 | -€1,884 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€475 | €322 | +€797 | |
| Profit (loss) for the period | 9904 | -€475 | €322 | +€797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€475 | €322 | +€797 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.