METAL WORK DESIGN: 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 WORK DESIGN
Largest movements
- Receivables within one year -€88,299
down €88,299 (-52.8%), from €167,304 to €79,005
of which Trade receivables: -€84,242
- Cash +€77,466
up €77,466 (+72.9%), from €106,219 to €183,685
mainly Receivables within one year (+€88,299) and Depreciation (+€26,676)
- Tangible fixed assets -€25,024
down €25,024 (-21.9%), from €114,379 to €89,355
of which Furniture and vehicles: -€19,018
- Debts after one year -€20,185
down €20,185 (-49.1%), from €41,121 to €20,936
- Reserves -€5,852
down €5,852 (-2.0%), from €295,904 to €290,052
of which Distributable reserves: -€5,852
- Tax, wage and social debts -€4,680
no longer reported in 2025 (was €4,680)
- Other debts -€4,408
no longer reported in 2025 (was €4,408)
- Gross operating margin -€82,833
down €82,833 (-69.6%), from €119,075 to €36,242
- Taxes -€21,914
down €21,914 (-83.3%), from €26,323 to €4,409
- Staff costs -€4,940
down €4,940 (-37.6%), from €13,149 to €8,209
- Depreciation -€2,901
down €2,901 (-9.8%), from €29,577 to €26,676
- Financial charges -€1,817
down €1,817 (-43.3%), from €4,191 to €2,374
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 | €388,206 | €353,328 | -€34,877 | -9.0% |
| Fixed assets | 21/28 | €114,682 | €89,659 | -€25,024 | -21.8% |
| Tangible fixed assets | 22/27 | €114,379 | €89,355 | -€25,024 | -21.9% |
| Land and buildings | 22 | €3,000 | €3,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €39,944 | €33,938 | -€6,005 | -15.0% |
| Furniture and vehicles | 24 | €71,435 | €52,417 | -€19,018 | -26.6% |
| Financial fixed assets | 28 | €303 | €303 | = | 0.0% |
| Current assets | 29/58 | €273,523 | €263,670 | -€9,854 | -3.6% |
| Amounts receivable within one year | 40/41 | €167,304 | €79,005 | -€88,299 | -52.8% |
| Trade receivables | 40 | €135,388 | €51,146 | -€84,242 | -62.2% |
| Other amounts receivable | 41 | €31,916 | €27,859 | -€4,057 | -12.7% |
| Cash at bank and in hand | 54/58 | €106,219 | €183,685 | +€77,466 | +72.9% |
| Deferred charges and accrued income | 490/1 | - | €979 | +€979 | |
| Total equity and liabilities | 10/49 | €388,206 | €353,328 | -€34,877 | -9.0% |
| Equity | 10/15 | €314,504 | €308,652 | -€5,852 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,904 | €290,052 | -€5,852 | -2.0% |
| 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 | €294,044 | €288,192 | -€5,852 | -2.0% |
| Amounts payable | 17/49 | €73,701 | €44,676 | -€29,026 | -39.4% |
| Amounts payable after more than one year | 17 | €41,121 | €20,936 | -€20,185 | -49.1% |
| Financial debts | 170/4 | €41,121 | €20,936 | -€20,185 | -49.1% |
| Amounts payable within one year | 42/48 | €32,581 | €23,740 | -€8,841 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €22,924 | €21,984 | -€940 | -4.1% |
| Trade debts | 44 | €570 | €1,757 | +€1,187 | +208% |
| Suppliers | 440/4 | €570 | €1,757 | +€1,187 | +208% |
| Taxes, remuneration and social security | 45 | €4,680 | - | -€4,680 | |
| Remuneration and social security | 454/9 | €4,680 | - | -€4,680 | |
| Other amounts payable | 47/48 | €4,408 | - | -€4,408 | |
| Remuneration, social security and pensions | 62 | €13,149 | €8,209 | -€4,940 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,577 | €26,676 | -€2,901 | -9.8% |
| Other operating charges | 640/8 | €1,060 | €748 | -€312 | -29.4% |
| Gross operating margin | 9900 | €119,075 | €36,242 | -€82,833 | -69.6% |
| Operating profit (loss) | 9901 | €75,289 | €608 | -€74,680 | -99.2% |
| Financial income | 75/76B | €1 | €323 | +€322 | +39,730% |
| Recurring financial income | 75 | €1 | €323 | +€322 | +39,730% |
| Financial charges | 65/66B | €4,191 | €2,374 | -€1,817 | -43.3% |
| Recurring financial charges | 65 | €4,191 | €2,374 | -€1,817 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €71,099 | -€1,443 | -€72,542 | |
| Income taxes | 67/77 | €26,323 | €4,409 | -€21,914 | -83.3% |
| Profit (loss) for the period | 9904 | €44,776 | -€5,852 | -€50,628 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,776 | -€5,852 | -€50,628 |
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 29 October 2026 via checked.be.