METAL REK SYSTEM: 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 REK SYSTEM
NACE 47.525, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€132,229
2024 · €250,201-€117,972
Equity
€615,412
2024 · €618,183-€2,771
Cash
€513,550
2024 · €504,585+€8,965
Balance sheet total
€2.0m
2024 · €2.2m-€265,954
Largest movements
Assets
- Current investments -€198,420
down €198,420 (-69.4%), from €286,051 to €87,631
- Receivables within one year -€46,802
down €46,802 (-8.1%), from €578,072 to €531,269
of which Trade receivables: -€45,892
- Tangible fixed assets -€33,896
down €33,896 (-5.5%), from €621,723 to €587,827
of which Land and buildings: -€21,690
Equity and liabilities
- Other debts -€122,459
down €122,459 (-46.5%), from €263,092 to €140,633
- Trade debts -€89,217
down €89,217 (-9.6%), from €928,579 to €839,362
- Debts after one year -€28,786
down €28,786 (-8.8%), from €327,260 to €298,474
Income statement
- Gross operating margin -€90,607
down €90,607 (-18.6%), from €487,597 to €396,990
- Staff costs +€21,688
up €21,688 (+12.7%), from €170,371 to €192,059
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
€250,201
Gross operating margin
-€90,607
Staff costs
-€21,688
Depreciation
-€3,155
Write-downs
-€3,096
Other operating charges
-€1,117
Financial income
+€2,002
Financial charges
-€312
Result 2025
€132,229
raises the resultlowers 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
+€1,880
Investment
+€170,314
Financing
-€163,228
Cash 2024
€504,585
From operations (derived)
+€1,880
Net result for the year
+€132,229
Depreciation
+€62,003
Stocks and contracts
-€4,200
Receivables within one year
+€46,802
Trade debts
-€89,217
Tax, wage and social debts
-€21,372
Other debts
-€122,459
Accrued charges and deferred income
-€1,906
Investment (derived)
+€170,314
Investment in fixed assets (net)
-€28,107
Current investments
+€198,420
Financing
-€163,228
Debts after one year
-€28,786
Current portion of long-term debt
+€558
Contributions, distributions and other
-€135,000
Cash 2025
€513,550
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,229,940 | €1,963,987 | -€265,954 | -11.9% |
| Fixed assets | 21/28 | €622,188 | €588,292 | -€33,896 | -5.4% |
| Tangible fixed assets | 22/27 | €621,723 | €587,827 | -€33,896 | -5.5% |
| Land and buildings | 22 | €479,000 | €457,310 | -€21,690 | -4.5% |
| Plant, machinery and equipment | 23 | €80,383 | €87,295 | +€6,912 | +8.6% |
| Furniture and vehicles | 24 | €62,340 | €43,222 | -€19,118 | -30.7% |
| Financial fixed assets | 28 | €465 | €465 | = | 0.0% |
| Current assets | 29/58 | €1,607,753 | €1,375,695 | -€232,058 | -14.4% |
| Stocks and contracts in progress | 3 | €239,045 | €243,245 | +€4,200 | +1.8% |
| Stocks | 30/36 | €239,045 | €243,245 | +€4,200 | +1.8% |
| Amounts receivable within one year | 40/41 | €578,072 | €531,269 | -€46,802 | -8.1% |
| Trade receivables | 40 | €576,381 | €530,489 | -€45,892 | -8.0% |
| Other amounts receivable | 41 | €1,691 | €780 | -€911 | -53.9% |
| Current investments | 50/53 | €286,051 | €87,631 | -€198,420 | -69.4% |
| Cash at bank and in hand | 54/58 | €504,585 | €513,550 | +€8,965 | +1.8% |
| Total equity and liabilities | 10/49 | €2,229,940 | €1,963,987 | -€265,954 | -11.9% |
| Equity | 10/15 | €618,183 | €615,412 | -€2,771 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €534,068 | €534,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €532,208 | €532,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,515 | €62,744 | -€2,771 | -4.2% |
| Amounts payable | 17/49 | €1,611,757 | €1,348,574 | -€263,183 | -16.3% |
| Amounts payable after more than one year | 17 | €327,260 | €298,474 | -€28,786 | -8.8% |
| Financial debts | 170/4 | €327,260 | €298,474 | -€28,786 | -8.8% |
| Amounts payable within one year | 42/48 | €1,281,994 | €1,049,503 | -€232,490 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €28,228 | €28,786 | +€558 | +2.0% |
| Trade debts | 44 | €928,579 | €839,362 | -€89,217 | -9.6% |
| Suppliers | 440/4 | €928,579 | €839,362 | -€89,217 | -9.6% |
| Taxes, remuneration and social security | 45 | €62,095 | €40,723 | -€21,372 | -34.4% |
| Taxes | 450/3 | €38,691 | €21,911 | -€16,781 | -43.4% |
| Remuneration and social security | 454/9 | €23,403 | €18,812 | -€4,591 | -19.6% |
| Other amounts payable | 47/48 | €263,092 | €140,633 | -€122,459 | -46.5% |
| Accrued charges and deferred income | 492/3 | €2,503 | €597 | -€1,906 | -76.1% |
| Remuneration, social security and pensions | 62 | €170,371 | €192,059 | +€21,688 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,848 | €62,003 | +€3,155 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,096 | - | +€3,096 | |
| Other operating charges | 640/8 | €7,251 | €8,368 | +€1,117 | +15.4% |
| Gross operating margin | 9900 | €487,597 | €396,990 | -€90,607 | -18.6% |
| Operating profit (loss) | 9901 | €254,223 | €134,561 | -€119,663 | -47.1% |
| Financial income | 75/76B | €2,587 | €4,589 | +€2,002 | +77.4% |
| Recurring financial income | 75 | €2,587 | €4,089 | +€1,502 | +58.1% |
| Non-recurring financial income | 76B | - | €500 | +€500 | |
| Financial charges | 65/66B | €6,609 | €6,921 | +€312 | +4.7% |
| Recurring financial charges | 65 | €6,609 | €6,921 | +€312 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €250,201 | €132,229 | -€117,972 | -47.2% |
| Profit (loss) for the period | 9904 | €250,201 | €132,229 | -€117,972 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €250,201 | €132,229 | -€117,972 | -47.2% |
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 26 October 2026 via checked.be.