METAL QUARTZ: what changed
What changed
METAL QUARTZ
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
-€895,539
2024 · €492,300-€1.4m
Equity
€247,581
2024 · €1.1m-€833,021
Cash
€28,921
2024 · €29,848-€927
Balance sheet total
€6.0m
2024 · €6.3m-€276,449
Largest movements
Assets
- Tangible fixed assets +€513,954
up €513,954 (+31.6%), from €1.6m to €2.1m
of which Assets under construction and advance payments: +€577,077
- Receivables within one year -€286,009
down €286,009 (-11.5%), from €2.5m to €2.2m
of which Trade receivables: -€292,450
- Stocks and contracts -€195,413
down €195,413 (-16.4%), from €1.2m to €997,157
- Formation expenses -€185,268
down €185,268 (-36.4%), from €509,106 to €323,838
- Intangible fixed assets -€103,569
down €103,569 (-24.5%), from €423,069 to €319,500
Equity and liabilities
- Trade debts +€757,529
up €757,529 (+54.1%), from €1.4m to €2.2m
- Reserves -€483,667
down €483,667 (-93.8%), from €515,403 to €31,736
of which Distributable reserves: -€483,667
- Advances received -€443,566
down €443,566 (-71.3%), from €621,835 to €178,269
- Profit (loss) carried forward -€411,873
new in 2025: -€411,873
- Other debts +€284,485
up €284,485 (+13.5%), from €2.1m to €2.4m
Income statement
- Gross operating margin -€839,295
down €839,295 (-24.8%), from €3.4m to €2.5m
- Staff costs +€601,336
up €601,336 (+26.3%), from €2.3m to €2.9m
- Taxes -€91,591
down €91,591 (-98.3%), from €93,142 to €1,551
- Depreciation +€52,136
up €52,136 (+11.8%), from €440,994 to €493,130
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€492,300
Gross operating margin
-€839,295
Staff costs
-€601,336
Depreciation
-€52,136
Write-downs
-€32,051
Other operating charges
-€8,860
Financial income
+€30,050
Financial charges
+€12,638
Taxes
+€91,591
Deferred taxes and other
+€11,561
Result 2025
-€895,539
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€738,881
Investment
-€718,247
Financing
-€21,561
Cash 2024
€29,848
From operations (derived)
+€738,881
Net result for the year
-€895,539
Depreciation
+€493,130
Stocks and contracts
+€195,413
Receivables within one year
+€286,009
Deferred charges and accrued income
+€19,217
Provisions
+€20,839
Trade debts
+€757,529
Tax, wage and social debts
+€14,907
Advances received
-€443,566
Other debts
+€284,485
Accrued charges and deferred income
+€6,457
Investment (derived)
-€718,247
Investment in fixed assets (net)
-€718,247
Financing
-€21,561
Debts after one year
-€132,614
Current portion of long-term debt
+€2,106
Short-term financial debts
+€46,429
Contributions, distributions and other
+€62,518
Cash 2025
€28,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,301,973 | €6,025,524 | -€276,449 | -4.4% |
| Formation expenses | 20 | €509,106 | €323,838 | -€185,268 | -36.4% |
| Fixed assets | 21/28 | €2,049,867 | €2,460,252 | +€410,385 | +20.0% |
| Intangible fixed assets | 21 | €423,069 | €319,500 | -€103,569 | -24.5% |
| Tangible fixed assets | 22/27 | €1,626,798 | €2,140,751 | +€513,954 | +31.6% |
| Plant, machinery and equipment | 23 | €341,890 | €370,833 | +€28,943 | +8.5% |
| Furniture and vehicles | 24 | €20,167 | €21,897 | +€1,730 | +8.6% |
| Leasing and similar rights | 25 | €521,835 | €449,644 | -€72,191 | -13.8% |
| Other tangible fixed assets | 26 | €246,370 | €224,766 | -€21,604 | -8.8% |
| Assets under construction and advance payments | 27 | €496,535 | €1,073,612 | +€577,077 | +116% |
| Current assets | 29/58 | €3,743,000 | €3,241,434 | -€501,566 | -13.4% |
| Stocks and contracts in progress | 3 | €1,192,571 | €997,157 | -€195,413 | -16.4% |
| Stocks | 30/36 | €1,192,571 | €997,157 | -€195,413 | -16.4% |
| Amounts receivable within one year | 40/41 | €2,487,062 | €2,201,054 | -€286,009 | -11.5% |
| Trade receivables | 40 | €2,298,372 | €2,005,921 | -€292,450 | -12.7% |
| Other amounts receivable | 41 | €188,691 | €195,132 | +€6,442 | +3.4% |
| Cash at bank and in hand | 54/58 | €29,848 | €28,921 | -€927 | -3.1% |
| Deferred charges and accrued income | 490/1 | €33,519 | €14,302 | -€19,217 | -57.3% |
| Total equity and liabilities | 10/49 | €6,301,973 | €6,025,524 | -€276,449 | -4.4% |
| Equity | 10/15 | €1,080,603 | €247,581 | -€833,021 | -77.1% |
| Contributions | 10/11 | €565,200 | €565,200 | = | 0.0% |
| Capital | 10 | €565,200 | €565,200 | = | 0.0% |
| Issued capital | 100 | €565,200 | €565,200 | = | 0.0% |
| Reserves | 13 | €515,403 | €31,736 | -€483,667 | -93.8% |
| Non-distributable reserves | 130/1 | €31,736 | €31,736 | = | 0.0% |
| Legal reserve | 130 | €31,736 | €31,736 | = | 0.0% |
| Distributable reserves | 133 | €483,667 | €0 | -€483,667 | -100% |
| Profit (loss) carried forward | 14 | - | -€411,873 | -€411,873 | |
| Investment grants | 15 | - | €62,518 | +€62,518 | |
| Provisions and deferred taxes | 16 | - | €20,839 | +€20,839 | |
| Deferred taxes | 168 | - | €20,839 | +€20,839 | |
| Amounts payable | 17/49 | €5,221,371 | €5,757,103 | +€535,733 | +10.3% |
| Amounts payable after more than one year | 17 | €475,468 | €342,854 | -€132,614 | -27.9% |
| Financial debts | 170/4 | €475,468 | €342,854 | -€132,614 | -27.9% |
| Amounts payable within one year | 42/48 | €4,651,339 | €5,313,228 | +€661,889 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €130,508 | €132,614 | +€2,106 | +1.6% |
| Financial debts | 43 | - | €46,429 | +€46,429 | |
| Credit institutions | 430/8 | - | €46,429 | +€46,429 | |
| Trade debts | 44 | €1,400,790 | €2,158,319 | +€757,529 | +54.1% |
| Suppliers | 440/4 | €1,400,790 | €2,158,319 | +€757,529 | +54.1% |
| Advances received on contracts in progress | 46 | €621,835 | €178,269 | -€443,566 | -71.3% |
| Taxes, remuneration and social security | 45 | €383,510 | €398,417 | +€14,907 | +3.9% |
| Taxes | 450/3 | €145,626 | €140,249 | -€5,377 | -3.7% |
| Remuneration and social security | 454/9 | €237,884 | €258,167 | +€20,284 | +8.5% |
| Other amounts payable | 47/48 | €2,114,696 | €2,399,182 | +€284,485 | +13.5% |
| Accrued charges and deferred income | 492/3 | €94,564 | €101,022 | +€6,457 | +6.8% |
| Non-recurring operating income | 76A | €136 | €0 | -€136 | -100% |
| Remuneration, social security and pensions | 62 | €2,284,863 | €2,886,200 | +€601,336 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440,994 | €493,130 | +€52,136 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€21,535 | €10,515 | +€32,051 | |
| Other operating charges | 640/8 | €30,168 | €39,027 | +€8,860 | +29.4% |
| Gross operating margin | 9900 | €3,381,833 | €2,542,538 | -€839,295 | -24.8% |
| Operating profit (loss) | 9901 | €647,344 | -€886,335 | -€1.5m | |
| Financial income | 75/76B | €4,653 | €34,702 | +€30,050 | +646% |
| Recurring financial income | 75 | €4,653 | €34,702 | +€30,050 | +646% |
| Financial charges | 65/66B | €66,555 | €53,917 | -€12,638 | -19.0% |
| Recurring financial charges | 65 | €66,555 | €53,917 | -€12,638 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €585,442 | -€905,549 | -€1.5m | |
| Transfer from deferred taxes | 780 | - | €11,561 | +€11,561 | |
| Income taxes | 67/77 | €93,142 | €1,551 | -€91,591 | -98.3% |
| Profit (loss) for the period | 9904 | €492,300 | -€895,539 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €492,300 | -€895,539 | -€1.4m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.