Metal Rack Management: 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 Rack Management
Largest movements
- Cash -€23,616
down €23,616 (-90.7%), from €26,036 to €2,419
mainly Debts after one year (-€182,025) and Contributions, distributions and other (-€100,000)
- Debts after one year -€182,025
down €182,025 (-36.4%), from €499,882 to €317,857
- Reserves +€75,000
up €75,000 (+10.5%), from €716,516 to €791,516
- Tax, wage and social debts +€59,358
up €59,358 (+1,374%), from €4,320 to €63,678
- Accrued charges and deferred income +€17,844
up €17,844 (+34.3%), from €52,056 to €69,900
- Gross operating margin +€98,215
up €98,215 (+56.5%), from €173,720 to €271,935
- Taxes +€34,230
up €34,230 (+82.5%), from €41,498 to €75,729
- Financial charges -€7,136
down €7,136 (-28.5%), from €25,039 to €17,903
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 | €1,467,032 | €1,437,929 | -€29,103 | -2.0% |
| Fixed assets | 21/28 | €850,909 | €848,626 | -€2,283 | -0.3% |
| Tangible fixed assets | 22/27 | €5,479 | €3,196 | -€2,283 | -41.7% |
| Plant, machinery and equipment | 23 | €1,646 | €1,366 | -€280 | -17.0% |
| Furniture and vehicles | 24 | €3,833 | €1,829 | -€2,004 | -52.3% |
| Financial fixed assets | 28 | €845,430 | €845,430 | = | 0.0% |
| Current assets | 29/58 | €616,123 | €589,303 | -€26,820 | -4.4% |
| Amounts receivable within one year | 40/41 | €590,087 | €586,884 | -€3,203 | -0.5% |
| Trade receivables | 40 | €586,585 | €586,884 | +€299 | +0.1% |
| Other amounts receivable | 41 | €3,502 | - | -€3,502 | |
| Cash at bank and in hand | 54/58 | €26,036 | €2,419 | -€23,616 | -90.7% |
| Total equity and liabilities | 10/49 | €1,467,032 | €1,437,929 | -€29,103 | -2.0% |
| Equity | 10/15 | €908,916 | €983,916 | +€75,000 | +8.3% |
| Contributions | 10/11 | €192,400 | €192,400 | = | 0.0% |
| Reserves | 13 | €716,516 | €791,516 | +€75,000 | +10.5% |
| Distributable reserves | 133 | €716,516 | €791,516 | +€75,000 | +10.5% |
| Amounts payable | 17/49 | €558,116 | €454,013 | -€104,102 | -18.7% |
| Amounts payable after more than one year | 17 | €499,882 | €317,857 | -€182,025 | -36.4% |
| Other amounts payable | 178/9 | €499,882 | €317,857 | -€182,025 | -36.4% |
| Amounts payable within one year | 42/48 | €6,178 | €66,256 | +€60,078 | +972% |
| Trade debts | 44 | - | €844 | +€844 | |
| Suppliers | 440/4 | - | €844 | +€844 | |
| Taxes, remuneration and social security | 45 | €4,320 | €63,678 | +€59,358 | +1,374% |
| Taxes | 450/3 | €4,320 | €63,678 | +€59,358 | +1,374% |
| Other amounts payable | 47/48 | €1,858 | €1,734 | -€124 | -6.7% |
| Accrued charges and deferred income | 492/3 | €52,056 | €69,900 | +€17,844 | +34.3% |
| Remuneration, social security and pensions | 62 | €2,547 | €3,267 | +€720 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,088 | €2,283 | +€196 | +9.4% |
| Other operating charges | 640/8 | €1,030 | €62 | -€968 | -94.0% |
| Gross operating margin | 9900 | €173,720 | €271,935 | +€98,215 | +56.5% |
| Operating profit (loss) | 9901 | €168,056 | €266,323 | +€98,267 | +58.5% |
| Financial income | 75/76B | - | €2,308 | +€2,308 | |
| Recurring financial income | 75 | - | €2,308 | +€2,308 | |
| Non-recurring financial income | 76B | - | €2,308 | +€2,308 | |
| Financial charges | 65/66B | €25,039 | €17,903 | -€7,136 | -28.5% |
| Recurring financial charges | 65 | €25,039 | €17,903 | -€7,136 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €143,017 | €250,728 | +€107,711 | +75.3% |
| Income taxes | 67/77 | €41,498 | €75,729 | +€34,230 | +82.5% |
| Profit (loss) for the period | 9904 | €101,519 | €175,000 | +€73,481 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,519 | €175,000 | +€73,481 | +72.4% |
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 31 October 2026 via checked.be.