Metalced: what changed
Two fiscal 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
Metalced
NACE 46.644, Wholesale trade
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€59,237
2023 · €74,627-€133,863
Equity
€4.6m
2023 · €4.6m-€59,237
Cash
€229,396
2023 · €183,084+€46,311
Balance sheet total
€14.5m
2023 · €15.5m-€1.0m
Largest movements
Assets
- Receivables within one year -€774,055
down €774,055 (-21.4%), from €3.6m to €2.8m
of which Other amounts receivable: -€727,126
- Stocks and contracts -€559,323
down €559,323 (-8.0%), from €7.0m to €6.4m
of which Stocks: -€884,442
- Receivables after one year +€390,664
up €390,664 (+6816.2%), from €5,731 to €396,395
- Tangible fixed assets -€344,251
down €344,251 (-8.3%), from €4.1m to €3.8m
of which Land and buildings: -€247,693
- Deferred charges and accrued income +€197,032
up €197,032 (+46.4%), from €424,773 to €621,804
Equity and liabilities
- Debts after one year -€1.0m
down €1.0m (-52.1%), from €2.0m to €954,954
- Trade debts +€702,954
up €702,954 (+31.2%), from €2.3m to €3.0m
- Advances received -€292,108
down €292,108 (-50.0%), from €584,045 to €291,937
- Revaluation surpluses -€238,545
down €238,545 (-7.5%), from €3.2m to €2.9m
- Reserves +€238,545
up €238,545 (+27.8%), from €857,381 to €1.1m
of which Distributable reserves: +€238,545
Income statement
- Goods and materials +€2.2m
up €2.2m (+26.6%), from €8.2m to €10.4m
of which Change in stocks: decrease (increase): +€1.1m
- Turnover +€1.9m
up €1.9m (+12.7%), from €14.8m to €16.7m
- Financial charges -€390,598
down €390,598, from €126,334 to -€264,264
- Staff costs +€341,990
up €341,990 (+8.0%), from €4.3m to €4.6m
- Taxes +€234,389
up €234,389 (+119.6%), from €196,000 to €430,389
From the 2023 result to the 2024 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 2023
€74,627
Turnover
+€1.9m
Other operating income
+€159,499
Goods and materials
-€2.2m
Services and other goods
-€107,988
Staff costs
-€341,990
Depreciation
+€42,161
Write-downs
+€137,231
Provisions
+€182,973
Other operating charges
-€91,972
Other operating items
+€73,368
Financial income
-€36,091
Financial charges
+€390,598
Taxes
-€234,389
Result 2024
-€59,237
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.4m
Investment
-€247,196
Financing
-€1.1m
Cash 2023
€183,084
From operations (derived)
+€1.4m
Net result for the year
-€59,237
Depreciation
+€585,754
Receivables after one year
-€390,664
Stocks and contracts
+€559,323
Receivables within one year
+€774,055
Deferred charges and accrued income
-€197,032
Provisions
-€182,973
Trade debts
+€702,954
Tax, wage and social debts
+€3,358
Advances received
-€292,108
Other debts
-€6,814
Accrued charges and deferred income
-€137,413
Investment (derived)
-€247,196
Investment in fixed assets (net)
-€247,196
Financing
-€1.1m
Debts after one year
-€1.0m
Current portion of long-term debt
+€4,184
Short-term financial debts
-€30,278
Cash 2024
€229,396
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,495,774 | €14,457,845 | -€1.0m | -6.7% |
| Fixed assets | 21/28 | €4,277,573 | €3,939,015 | -€338,558 | -7.9% |
| Intangible fixed assets | 21 | €103,634 | €83,107 | -€20,526 | -19.8% |
| Tangible fixed assets | 22/27 | €4,147,635 | €3,803,384 | -€344,251 | -8.3% |
| Land and buildings | 22 | €3,464,025 | €3,216,332 | -€247,693 | -7.2% |
| Plant, machinery and equipment | 23 | €112,352 | €214,505 | +€102,153 | +90.9% |
| Furniture and vehicles | 24 | €355,753 | €372,547 | +€16,795 | +4.7% |
| Leasing and similar rights | 25 | €215,505 | - | -€215,505 | |
| Financial fixed assets | 28 | €26,304 | €52,524 | +€26,220 | +99.7% |
| Other financial fixed assets | 284/8 | €26,304 | €52,524 | +€26,220 | +99.7% |
| Amounts receivable and cash guarantees | 285/8 | €26,304 | €52,524 | +€26,220 | +99.7% |
| Current assets | 29/58 | €11,218,202 | €10,518,830 | -€699,372 | -6.2% |
| Amounts receivable after more than one year | 29 | €5,731 | €396,395 | +€390,664 | +6816.2% |
| Trade receivables | 290 | €5,731 | €396,395 | +€390,664 | +6816.2% |
| Stocks and contracts in progress | 3 | €6,989,244 | €6,429,921 | -€559,323 | -8.0% |
| Stocks | 30/36 | €6,737,493 | €5,853,051 | -€884,442 | -13.1% |
| Goods purchased for resale | 34 | €6,737,493 | €5,853,051 | -€884,442 | -13.1% |
| Contracts in progress | 37 | €251,751 | €576,870 | +€325,119 | +129.1% |
| Amounts receivable within one year | 40/41 | €3,615,370 | €2,841,315 | -€774,055 | -21.4% |
| Trade receivables | 40 | €2,852,580 | €2,805,651 | -€46,929 | -1.6% |
| Other amounts receivable | 41 | €762,790 | €35,663 | -€727,126 | -95.3% |
| Cash at bank and in hand | 54/58 | €183,084 | €229,396 | +€46,311 | +25.3% |
| Deferred charges and accrued income | 490/1 | €424,773 | €621,804 | +€197,032 | +46.4% |
| Total equity and liabilities | 10/49 | €15,495,774 | €14,457,845 | -€1.0m | -6.7% |
| Equity | 10/15 | €4,631,668 | €4,572,432 | -€59,237 | -1.3% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Revaluation surpluses | 12 | €3,160,137 | €2,921,591 | -€238,545 | -7.5% |
| Reserves | 13 | €857,381 | €1,095,926 | +€238,545 | +27.8% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €807,381 | €1,045,926 | +€238,545 | +29.5% |
| Profit (loss) carried forward | 14 | €118,364 | €59,127 | -€59,237 | -50.0% |
| Provisions and deferred taxes | 16 | €182,973 | - | -€182,973 | |
| Provisions for liabilities and charges | 160/5 | €182,973 | - | -€182,973 | |
| Pensions and similar obligations | 160 | €16,672 | - | -€16,672 | |
| Other liabilities and charges | 164/5 | €166,301 | - | -€166,301 | |
| Amounts payable | 17/49 | €10,681,133 | €9,885,413 | -€795,720 | -7.4% |
| Amounts payable after more than one year | 17 | €1,994,558 | €954,954 | -€1.0m | -52.1% |
| Financial debts | 170/4 | €1,994,558 | €954,954 | -€1.0m | -52.1% |
| Subordinated loans | 170 | €1,825,254 | €876,973 | -€948,281 | -52.0% |
| Leasing and similar obligations | 172 | €151,526 | €77,981 | -€73,545 | -48.5% |
| Other loans | 174 | €17,778 | - | -€17,778 | |
| Amounts payable within one year | 42/48 | €8,420,829 | €8,802,126 | +€381,297 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €69,361 | €73,545 | +€4,184 | +6.0% |
| Financial debts | 43 | €2,508,947 | €2,478,669 | -€30,278 | -1.2% |
| Credit institutions | 430/8 | €2,508,947 | €2,478,669 | -€30,278 | -1.2% |
| Trade debts | 44 | €2,250,530 | €2,953,484 | +€702,954 | +31.2% |
| Suppliers | 440/4 | €2,250,530 | €2,953,484 | +€702,954 | +31.2% |
| Advances received on contracts in progress | 46 | €584,045 | €291,937 | -€292,108 | -50.0% |
| Taxes, remuneration and social security | 45 | €2,943,596 | €2,946,954 | +€3,358 | +0.1% |
| Taxes | 450/3 | €1,709,957 | €1,928,488 | +€218,532 | +12.8% |
| Remuneration and social security | 454/9 | €1,233,639 | €1,018,466 | -€215,173 | -17.4% |
| Other amounts payable | 47/48 | €64,350 | €57,536 | -€6,814 | -10.6% |
| Accrued charges and deferred income | 492/3 | €265,746 | €128,333 | -€137,413 | -51.7% |
| Operating income | 70/76A | €15,189,302 | €17,305,584 | +€2.1m | +13.9% |
| Turnover | 70 | €14,831,458 | €16,714,872 | +€1.9m | +12.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €251,751 | €325,119 | +€73,368 | +29.1% |
| Other operating income | 74 | €106,093 | €265,593 | +€159,499 | +150.3% |
| Operating charges | 60/66A | €14,870,797 | €17,241,060 | +€2.4m | +15.9% |
| Goods for resale, raw materials and consumables | 60 | €8,245,846 | €10,436,523 | +€2.2m | +26.6% |
| Purchases | 600/8 | €8,498,238 | €9,552,080 | +€1.1m | +12.4% |
| Change in stocks: decrease (increase) | 609 | -€252,392 | €884,442 | +€1.1m | |
| Services and other goods | 61 | €1,648,359 | €1,756,347 | +€107,988 | +6.6% |
| Remuneration, social security and pensions | 62 | €4,278,577 | €4,620,568 | +€341,990 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €627,914 | €585,754 | -€42,161 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,231 | -€143,462 | -€137,231 | -2202.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€182,973 | -€182,973 | |
| Other operating charges | 640/8 | €76,332 | €168,304 | +€91,972 | +120.5% |
| Operating profit (loss) | 9901 | €318,505 | €64,524 | -€253,981 | -79.7% |
| Financial income | 75/76B | €78,456 | €42,365 | -€36,091 | -46.0% |
| Recurring financial income | 75 | €78,456 | €42,365 | -€36,091 | -46.0% |
| Income from financial fixed assets | 750 | - | €5,000 | +€5,000 | |
| Other financial income | 752/9 | €78,456 | €37,365 | -€41,091 | -52.4% |
| Financial charges | 65/66B | €126,334 | -€264,264 | -€390,598 | |
| Recurring financial charges | 65 | €126,334 | -€264,264 | -€390,598 | |
| Debt charges | 650 | €83,353 | €269,137 | +€185,784 | +222.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€702,202 | -€702,202 | |
| Other financial charges | 652/9 | €42,981 | €168,801 | +€125,819 | +292.7% |
| Profit (loss) for the period before taxes | 9903 | €270,627 | €371,153 | +€100,526 | +37.1% |
| Income taxes | 67/77 | €196,000 | €430,389 | +€234,389 | +119.6% |
| Taxes | 670/3 | €196,000 | €430,389 | +€234,389 | +119.6% |
| Profit (loss) for the period | 9904 | €74,627 | -€59,237 | -€133,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,627 | -€59,237 | -€133,863 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.