METALCASH: 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.
METALCASH
Largest movements
- Stocks and contracts -€157,060
down €157,060 (-83.4%), from €188,320 to €31,260
- Tangible fixed assets -€40,213
down €40,213 (-65.1%), from €61,803 to €21,590
of which Plant, machinery and equipment: -€33,223
- Cash +€4,653
up €4,653 (+22.0%), from €21,188 to €25,841
mainly Stocks and contracts (+€157,060) and Investment in fixed assets (net) (+€33,586)
- Trade debts -€142,445
down €142,445 (-66.4%), from €214,676 to €72,231
- Profit (loss) carried forward -€47,179
down €47,179, from €29,441 to -€17,738
- Other operating charges -€297,056
down €297,056 (-99.3%), from €299,251 to €2,195
- Gross operating margin -€231,111
down €231,111 (-67.8%), from €340,948 to €109,838
- Staff costs +€51,827
up €51,827 (+86.4%), from €59,985 to €111,812
- Depreciation -€20,623
down €20,623 (-75.7%), from €27,250 to €6,627
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 | €387,694 | €198,775 | -€188,919 | -48.7% |
| Fixed assets | 21/28 | €65,008 | €24,795 | -€40,213 | -61.9% |
| Tangible fixed assets | 22/27 | €61,803 | €21,590 | -€40,213 | -65.1% |
| Plant, machinery and equipment | 23 | €34,117 | €894 | -€33,223 | -97.4% |
| Furniture and vehicles | 24 | €10,936 | €7,945 | -€2,991 | -27.4% |
| Other tangible fixed assets | 26 | €16,750 | €12,750 | -€3,999 | -23.9% |
| Financial fixed assets | 28 | €3,205 | €3,205 | = | 0.0% |
| Current assets | 29/58 | €322,686 | €173,980 | -€148,706 | -46.1% |
| Stocks and contracts in progress | 3 | €188,320 | €31,260 | -€157,060 | -83.4% |
| Stocks | 30/36 | €188,320 | €31,260 | -€157,060 | -83.4% |
| Amounts receivable within one year | 40/41 | €112,945 | €112,889 | -€56 | 0.0% |
| Trade receivables | 40 | €90,104 | €77,350 | -€12,754 | -14.2% |
| Other amounts receivable | 41 | €22,841 | €35,539 | +€12,698 | +55.6% |
| Cash at bank and in hand | 54/58 | €21,188 | €25,841 | +€4,653 | +22.0% |
| Deferred charges and accrued income | 490/1 | €233 | €3,990 | +€3,757 | +1,611% |
| Total equity and liabilities | 10/49 | €387,694 | €198,775 | -€188,919 | -48.7% |
| Equity | 10/15 | €51,321 | €4,142 | -€47,179 | -91.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,280 | €3,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,280 | €3,280 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,280 | €3,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,441 | -€17,738 | -€47,179 | |
| Amounts payable | 17/49 | €336,372 | €194,633 | -€141,740 | -42.1% |
| Amounts payable within one year | 42/48 | €335,473 | €194,597 | -€140,877 | -42.0% |
| Trade debts | 44 | €214,676 | €72,231 | -€142,445 | -66.4% |
| Suppliers | 440/4 | €214,676 | €72,231 | -€142,445 | -66.4% |
| Taxes, remuneration and social security | 45 | €120,571 | €122,216 | +€1,645 | +1.4% |
| Taxes | 450/3 | €117,682 | €117,643 | -€39 | 0.0% |
| Remuneration and social security | 454/9 | €2,890 | €4,573 | +€1,684 | +58.3% |
| Other amounts payable | 47/48 | €226 | €149 | -€77 | -34.1% |
| Accrued charges and deferred income | 492/3 | €899 | €36 | -€863 | -96.0% |
| Non-recurring operating income | 76A | - | €12,970 | +€12,970 | |
| Remuneration, social security and pensions | 62 | €59,985 | €111,812 | +€51,827 | +86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,250 | €6,627 | -€20,623 | -75.7% |
| Other operating charges | 640/8 | €299,251 | €2,195 | -€297,056 | -99.3% |
| Non-recurring operating charges | 66A | - | €32,056 | +€32,056 | |
| Gross operating margin | 9900 | €340,948 | €109,838 | -€231,111 | -67.8% |
| Operating profit (loss) | 9901 | -€45,538 | -€42,853 | +€2,685 | +5.9% |
| Financial charges | 65/66B | €4,865 | €3,971 | -€895 | -18.4% |
| Recurring financial charges | 65 | €4,865 | €3,971 | -€895 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€50,403 | -€46,823 | +€3,580 | +7.1% |
| Income taxes | 67/77 | €394 | €356 | -€39 | -9.8% |
| Profit (loss) for the period | 9904 | -€50,798 | -€47,179 | +€3,619 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,798 | -€47,179 | +€3,619 | +7.1% |
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.