METAL STYLE: what changed
What changed
METAL STYLE
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€31,548
2024 · €25,423+€6,125
Equity
€89,437
2024 · €72,889+€16,548
Cash
€6,820
2024 · -+€6,820
Balance sheet total
€231,235
2024 · €208,211+€23,024
Largest movements
Assets
- Receivables within one year +€31,669
up €31,669 (+87.8%), from €36,072 to €67,741
of which Other amounts receivable: +€37,205
- Receivables after one year -€15,085
down €15,085 (-9.2%), from €163,408 to €148,323
- Cash +€6,820
new in 2025: €6,820
mainly Net result for the year (+€31,548) and Accrued charges and deferred income (+€20,157)
Equity and liabilities
- Accrued charges and deferred income +€20,157
up €20,157 (+3,200%), from €630 to €20,787
- Profit (loss) carried forward +€16,548
up €16,548 (+78.7%), from €21,033 to €37,581
- Debts after one year -€16,313
no longer reported in 2025 (was €16,313)
- Trade debts -€4,465
down €4,465 (-7.0%), from €63,376 to €58,912
- Short-term financial debts +€4,233
up €4,233 (+233%), from €1,818 to €6,051
of which Credit institutions: +€6,051
Income statement
- Turnover -€71,949
down €71,949 (-34.9%), from €206,450 to €134,502
- Other operating charges +€47,403
up €47,403 (+5,523%), from €858 to €48,262
- Write-downs -€45,960
new in 2025: -€45,960
- Gross operating margin +€23,215
up €23,215 (+59.5%), from €39,038 to €62,253
- Financial charges +€19,771
up €19,771 (+419%), from €4,716 to €24,487
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
€25,423
Gross operating margin
+€23,215
Depreciation
+€596
Write-downs
+€45,960
Other operating charges
-€47,403
Financial income
-€1,168
Financial charges
-€19,771
Taxes
+€4,697
Result 2025
€31,548
raises the resultlowers the result
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
+€34,692
Investment
-€792
Financing
-€27,079
Cash 2024
€0
From operations (derived)
+€34,692
Net result for the year
+€31,548
Depreciation
+€2,799
Receivables after one year
+€15,085
Receivables within one year
-€31,669
Deferred charges and accrued income
-€1,627
Trade debts
-€4,465
Tax, wage and social debts
+€3,374
Other debts
-€512
Accrued charges and deferred income
+€20,157
Investment (derived)
-€792
Investment in fixed assets (net)
-€803
Current investments
+€10
Financing
-€27,079
Debts after one year
-€16,313
Short-term financial debts
+€4,233
Contributions, distributions and other
-€15,000
Cash 2025
€6,820
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,211 | €231,235 | +€23,024 | +11.1% |
| Fixed assets | 21/28 | €7,234 | €5,237 | -€1,996 | -27.6% |
| Tangible fixed assets | 22/27 | €4,675 | €3,209 | -€1,466 | -31.4% |
| Plant, machinery and equipment | 23 | €2,081 | €2,091 | +€10 | +0.5% |
| Furniture and vehicles | 24 | €2,594 | €1,118 | -€1,476 | -56.9% |
| Financial fixed assets | 28 | €2,559 | €2,029 | -€530 | -20.7% |
| Current assets | 29/58 | €200,977 | €225,997 | +€25,020 | +12.4% |
| Amounts receivable after more than one year | 29 | €163,408 | €148,323 | -€15,085 | -9.2% |
| Other amounts receivable | 291 | €163,408 | €148,323 | -€15,085 | -9.2% |
| Amounts receivable within one year | 40/41 | €36,072 | €67,741 | +€31,669 | +87.8% |
| Trade receivables | 40 | €20,682 | €15,147 | -€5,536 | -26.8% |
| Other amounts receivable | 41 | €15,390 | €52,594 | +€37,205 | +242% |
| Current investments | 50/53 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | - | €6,820 | +€6,820 | |
| Deferred charges and accrued income | 490/1 | €1,487 | €3,114 | +€1,627 | +109% |
| Total equity and liabilities | 10/49 | €208,211 | €231,235 | +€23,024 | +11.1% |
| Equity | 10/15 | €72,889 | €89,437 | +€16,548 | +22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,256 | €33,256 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,396 | €31,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,033 | €37,581 | +€16,548 | +78.7% |
| Amounts payable | 17/49 | €135,323 | €141,798 | +€6,475 | +4.8% |
| Amounts payable after more than one year | 17 | €16,313 | - | -€16,313 | |
| Financial debts | 170/4 | €16,313 | - | -€16,313 | |
| Amounts payable within one year | 42/48 | €118,380 | €121,011 | +€2,631 | +2.2% |
| Financial debts | 43 | €1,818 | €6,051 | +€4,233 | +233% |
| Credit institutions | 430/8 | - | €6,051 | +€6,051 | |
| Other loans | 439 | €1,818 | - | -€1,818 | |
| Trade debts | 44 | €63,376 | €58,912 | -€4,465 | -7.0% |
| Suppliers | 440/4 | €63,376 | €58,912 | -€4,465 | -7.0% |
| Taxes, remuneration and social security | 45 | €37,674 | €41,048 | +€3,374 | +9.0% |
| Taxes | 450/3 | €37,246 | €41,048 | +€3,802 | +10.2% |
| Remuneration and social security | 454/9 | €428 | - | -€428 | |
| Other amounts payable | 47/48 | €15,512 | €15,000 | -€512 | -3.3% |
| Accrued charges and deferred income | 492/3 | €630 | €20,787 | +€20,157 | +3,200% |
| Turnover | 70 | €206,450 | €134,502 | -€71,949 | -34.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €167,412 | €150,248 | -€17,164 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,395 | €2,799 | -€596 | -17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€45,960 | -€45,960 | |
| Other operating charges | 640/8 | €858 | €48,262 | +€47,403 | +5,523% |
| Gross operating margin | 9900 | €39,038 | €62,253 | +€23,215 | +59.5% |
| Operating profit (loss) | 9901 | €34,785 | €57,153 | +€22,368 | +64.3% |
| Financial income | 75/76B | €4,879 | €3,711 | -€1,168 | -23.9% |
| Recurring financial income | 75 | €4,879 | €3,711 | -€1,168 | -23.9% |
| Financial charges | 65/66B | €4,716 | €24,487 | +€19,771 | +419% |
| Recurring financial charges | 65 | €4,716 | €24,487 | +€19,771 | +419% |
| Profit (loss) for the period before taxes | 9903 | €34,948 | €36,377 | +€1,428 | +4.1% |
| Income taxes | 67/77 | €9,525 | €4,828 | -€4,697 | -49.3% |
| Profit (loss) for the period | 9904 | €25,423 | €31,548 | +€6,125 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,423 | €31,548 | +€6,125 | +24.1% |
Next steps
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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.