METALCO WEST: what changed
METALCO WEST
Largest movements
- Stocks and contracts -€136,853
no longer reported in 2025 (was €136,853)
- Receivables within one year +€100,172
up €100,172 (+358%), from €27,976 to €128,148
of which Trade receivables: +€77,788
- Cash +€19,449
up €19,449 (+348%), from €5,591 to €25,040
mainly Stocks and contracts (+€136,853) and Depreciation (+€5,197)
- Tangible fixed assets -€5,197
down €5,197 (-79.8%), from €6,515 to €1,317
- Profit (loss) carried forward -€16,044
new in 2025: -€16,044
- Trade debts -€4,683
down €4,683 (-86.3%), from €5,425 to €742
- Gross operating margin -€48,038
down €48,038, from €36,496 to -€11,542
- Taxes -€10,915
down €10,915 (-95.1%), from €11,477 to €562
- Depreciation -€2,596
down €2,596 (-33.3%), from €7,794 to €5,197
- Other operating charges -€894
down €894 (-79.7%), from €1,122 to €228
- Financial income +€683
up €683 (+71.9%), from €951 to €1,634
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,390 | €154,905 | -€22,484 | -12.7% |
| Fixed assets | 21/28 | €6,569 | €1,317 | -€5,252 | -80.0% |
| Tangible fixed assets | 22/27 | €6,515 | €1,317 | -€5,197 | -79.8% |
| Furniture and vehicles | 24 | €6,515 | €1,317 | -€5,197 | -79.8% |
| Financial fixed assets | 28 | €55 | - | -€55 | |
| Current assets | 29/58 | €170,820 | €153,588 | -€17,232 | -10.1% |
| Stocks and contracts in progress | 3 | €136,853 | - | -€136,853 | |
| Stocks | 30/36 | €136,853 | - | -€136,853 | |
| Amounts receivable within one year | 40/41 | €27,976 | €128,148 | +€100,172 | +358% |
| Trade receivables | 40 | €6,445 | €84,233 | +€77,788 | +1,207% |
| Other amounts receivable | 41 | €21,531 | €43,915 | +€22,384 | +104% |
| Cash at bank and in hand | 54/58 | €5,591 | €25,040 | +€19,449 | +348% |
| Deferred charges and accrued income | 490/1 | €400 | €400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €177,390 | €154,905 | -€22,484 | -12.7% |
| Equity | 10/15 | €161,325 | €145,281 | -€16,044 | -9.9% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €111,746 | €111,746 | = | 0.0% |
| Distributable reserves | 133 | €111,746 | €111,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,044 | -€16,044 | |
| Amounts payable | 17/49 | €16,065 | €9,625 | -€6,440 | -40.1% |
| Amounts payable within one year | 42/48 | €16,065 | €9,625 | -€6,440 | -40.1% |
| Financial debts | 43 | €4,721 | €4,500 | -€221 | -4.7% |
| Credit institutions | 430/8 | €4,721 | €4,500 | -€221 | -4.7% |
| Trade debts | 44 | €5,425 | €742 | -€4,683 | -86.3% |
| Suppliers | 440/4 | €5,425 | €742 | -€4,683 | -86.3% |
| Taxes, remuneration and social security | 45 | €5,919 | €4,383 | -€1,536 | -25.9% |
| Taxes | 450/3 | €5,919 | €4,383 | -€1,536 | -25.9% |
| Non-recurring operating income | 76A | - | €75,500 | +€75,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,794 | €5,197 | -€2,596 | -33.3% |
| Other operating charges | 640/8 | €1,122 | €228 | -€894 | -79.7% |
| Gross operating margin | 9900 | €36,496 | -€11,542 | -€48,038 | |
| Operating profit (loss) | 9901 | €27,580 | -€16,967 | -€44,547 | |
| Financial income | 75/76B | €951 | €1,634 | +€683 | +71.9% |
| Recurring financial income | 75 | €951 | €1,634 | +€683 | +71.9% |
| Financial charges | 65/66B | €283 | €149 | -€134 | -47.5% |
| Recurring financial charges | 65 | €283 | €149 | -€134 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €28,248 | -€15,482 | -€43,730 | |
| Transfer from deferred taxes | 780 | €687 | - | -€687 | |
| Income taxes | 67/77 | €11,477 | €562 | -€10,915 | -95.1% |
| Profit (loss) for the period | 9904 | €17,458 | -€16,044 | -€33,501 | |
| Transfer from tax-exempt reserves | 789 | €2,061 | - | -€2,061 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,518 | -€16,044 | -€35,562 |
Next steps
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 8 November 2026 via checked.be.